Calgary, Alberta–(Newsfile Corp. – May 25, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that, due to market conditions and other various factors, it will not pursue final approval from the TSX Venture Exchange (the "TSXV") in respect of its previously announced disposition of a contractual royalty by way of the issuance of Royalty units (the "Royalty Transaction").

The Company is currently in the midst of evaluating various business opportunities and it will continue to monitor market conditions while considering opportunistic transactions that maximize shareholder value, including a potential reapplication to the TSXV for conditional approval of the Royalty Transaction at a later date.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO₂ emissions.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco, President and Chief Executive Officer
Telephone: (403) 660-3488 Facsimile: (403) 206-7159
Email: frank@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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 OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85231

• Field work to commence in June

• Follow-up diamond drill program to commence this summer

• Further testing of new Cu-Au Bench zone to take place

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Mountain Boy Minerals Ltd (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9U) ("Mountain Boy" or the "Company") announces that field work will soon commence on the American Creek Project and will include a fully funded drill program focused on the Company's namesake historic Mountain Boy silver mine.

The American Creek Project is a 2,600-hectare property located 20 kilometres north of Stewart. The project is road accessible and a high voltage transmission line passes 5 km to the south.

Initial fieldwork, set to commence mid-June, is intended to refine follow-up drill targets around the High-Grade zone at the Mountain Boy silver mine.

Drilling last year demonstrated that the shallow structures intersected in drill holes are base metal rich and likely represent one of several mineralizing pulses in the epithermal system. This season's drilling will target steeper cross structures and localized ore shoots and will be guided by additional mapping. A detailed structural mapping and 3D modelling initiative will take place before an initial phase I drill program of up to 1500 metres commences.

In 1999 and 2000, 51.6 tonnes of material were extracted from the High-Grade vein and sent to the Cominco smelter in Trail, BC. The documented grades of 13.6 tonnes of this material is 18.854 kilograms per tonne silver, 1.1% zinc and 2.5 % lead (Assessment Report 29066). The exceptional grades demonstrate why this is still such a compelling target.

The current program will include follow-up and channel sampling on the Wolfmoon zone. Bedrock sample 71545 was taken two-kilometers to the north-northwest of the Wolfmoon zone and returned 1,488 grams per tonne silver, 1.14% lead, 0.54% zinc and 3.05 grams per tonne gold, demonstrating the potential for considerable strike length to this style of mineralization (see February 24, 2021 news release).

The Bench zone will also be examined. Mapping and channel sampling of this zone will attempt to determine whether it is part of the epithermal mineralization or a separate mineralizing event. Last field season, surface samples returned gold and copper values including sample 71681 at 4.8 grams per tonne gold, 4.5% copper, and 32 grams per tonne silver (see February 24, 2021 news release).

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

1. The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.

2. On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway.

3. Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.

4. On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a recent grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).

5. Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc.

6. The Telegraph project has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle.

Mountain Boy is funded for the coming field season and plans to advance these projects, including drilling on select project(s).

The technical disclosure in this release has been read and approved by Andrew Wilkins, B.Sc., P.Geo., a qualified person as defined in National Instrument 43-101.

On behalf of the Board of Directors:
Lawrence Roulston
President & CEO

For further information, contact:

Nancy Curry
VP Corporate Development
(604) 220-2971

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

This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84857

VANCOUVER, BC, May 25, 2021 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") is pleased to report that it has commenced its surface diamond drill program at the Revel Ridge Project. The program has been designed to explore the gold-silver-lead-zinc mineralization over an approximate length of seven kilometers of the Revel Ridge Structural Deformation Zone. The initial ~7,000 m first phase will target near surface resource immediately on-strike to both the Main and Yellowjacket Zones, as well as testing several additional high-grade occurrences four to five kilometers north and northwest of the 832 m Level Portal.

John Mirko, President and CEO and Rokmaster, commented: "We are at an exciting juncture as we expand from our very successful underground drill program to drilling from surface. The first phase of our underground drill program strongly confirmed and expanded on the exceptional continuity of the gold rich Main Zone mineralization and the silver-zinc rich Yellowjacket style mineralization. Our geological testing and prospecting team have traced promising surface showings from the 2020 sampling program which identified exposures of gold-silver-lead-zinc mineralization along a seven kilometer strike length, including the Zinc Creek, A&E, and Roseberry Zones. Historical rock and soil geochemical surveys, geological prospecting and limited diamond drill programs all strongly suggest that the probability of expanding both the gold rich Main Zone style mineralization and silver-zinc rich Yellowjacket style mineralization is high."

Final compilation of the assay results from the last nine diamond drillholes of the phase one 2021 underground drill program are currently underway and final results are expected to be available shortly.

The technical information contained in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Mark Rebagliati, P. Eng., FEC, who is independent of Rokmaster.

On behalf of the Board of Directors,

"John Mirko"

John Mirko, President and Chief Executive Officer.

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.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:

This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE Rokmaster Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/25/c9138.html

OTTAWA, May 25, 2021 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN1) (Berlin:GWN1) (OTC:CTNXF) is pleased to announce the following drilling update on its Tandayama-America (TAM) porphyry copper-gold mineralized target located 3km north of the Alpala Deposit¹ at its Cascabel copper-gold porphyry joint venture project in northern Ecuador in which Cornerstone has a 15% interest² financed through to completion of a feasibility study plus 6.86% of the shares of joint venture partner and Project operator SolGold Plc, for a total direct and indirect interest in Cascabel of 20.8%.

Figures referenced in this news release can be viewed through the following link: https://cornerstoneresources.com/site/assets/files/5816/nr21-12figures.pdf.

Highlights

• Drilling at the Tandayama-America Porphyry Copper-Gold target at Cascabel has intersected significant copper and gold mineralization.

• Selected highlights of drill hole assays received from Holes 1 to 7 include:

  • Hole 1: 531m @ 0.30% copper equivalent (CuEq)³ (from 220m), including 272m @ 0.44% CuEq (from 350m)

  • Hole 3: 1,040m @ 0.33% CuEq (from 252m), including 350m @ 0.45% CuEq (from 632m)

  • Hole 5: 426m @ 0.37% CuEq (from 218m), including 342m @ 0.43% CuEq (from 230m)

  • Hole 7: 522m @ 0.38% CuEq (from 230m), including 230m @ 0.44% CuEq (from 276m)

• Assay results from drill holes 8-10 are pending, and drilling of Holes 9 and 10 is continuing.

• Mineralization at TAM forms a northwest trending corridor, occupying an area 750m long x 500m wide extending from surface to a depth of over 1,200m. Further drilling aims at defining the extent mineralization towards the northwest, the southeast and at depth where the mineralization remains open.

• Due to the significance of results achieved thus far at TAM, additional diamond drill rigs are to be mobilized to expedite drilling, ahead of a planned National Instrument 43-101 compliant Maiden Mineral Resource Estimate later in 2021.

SolGold Executive Board Member and ENSA President, Jason Ward, commented on the results at TAM:

“Significant copper and gold mineralization at the TAM target will add to the already impressive metal inventory at Alpala. The recent drilling results at TAM are indicative of a significant prospective resource that appears amenable to bulk surface mining methods. This seems likely to have a major beneficial impact on the development of the Cascabel property as a whole and the further upside of a potentially significant deep target beneath TAM is certainly adding excitement to the growing possibilities at Cascabel.”

* The reader is cautioned that there has been insufficient exploration to define a mineral resource at TAM and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Further Information

The TAM target lies approximately 3km north of the Alpala Deposit, located on the Cascabel concession within Imbabura Province in northern Ecuador. The project area lies approximately 100 km north of the capital city of Quito and approximately 50 km north-northwest of the provincial capital, Ibarra (Figure 1).

Selected highlights of drill hole assays received from Holes 1 to 7 include⁴:

Selected examples of mineralization encountered at TAM to date are provided in Figure 2.

Drilling at TAM continues with three diamond drill rigs and further expansion of the TAM drilling fleet is planned (Figure 3).

Cross sections through the centre of the target are provided in Figure 4.

The intersection of noteworthy porphyry stockwork mineralization encountered in Hole 9 in the deeper portions of the drilling area contains high abundance of B-type quartz-chalcopyrite veining (Figure 5). This intense mineralization hosted within a pre-mineral intrusive breccia host rock suggests that a fluid-rich source intrusion may be intersected through further drilling at depth, and indicates the potential for a deeper bulk underground target that may lie beneath the current drilling area. Further drilling is planned to test for the potential of a deep-rooted porphyry system.

Mineralization at TAM forms a northwest trending corridor, occupying and area 750m long x 500m wide extending from surface to a depth of over 1,200m. The TAM target lies open is several directions:

1. to the northwest and shallow

2. to the southeast from surface to unknown depth, and

3. at depth below the area of current drill testing

The 2021 proposed drilling program focuses on three main factors:

• drilling to define the northwest and southeast limits of mineralization amenable to bulk surface mining methods, and

• drilling to define the depth extent and character of mineralization with potential amenability to bulk underground mining methods, and

• resource infill drilling to increase drill density and geological confidence.

Qualified Person

Information in this report relating to the exploration results is based on data reviewed by Jason Ward ((CP) B.Sc. Geol.), the Chief Geologist of SolGold Plc, the Project operator. Mr. Ward is a Fellow of the Australasian Institute of Mining and Metallurgy, holds the designation FAusIMM (CP), and has in excess of 20 years’ experience in mineral exploration and is a Qualified Person for the purposes of National Instrument 43-101. Mr. Ward consents to the inclusion of the information in the form and context in which it appears.

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

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’s 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.’ 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. 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 The Alpala deposit comprises 2,663 Mt at 0.53% CuEq in the Measured plus Indicated categories and contained metal content of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag. The deposit measures approximately 900m in height and 500m diameter. 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: https://cornerstoneresources.com/site/assets/files/5574/2101_cascabel_mre3.pdf.

² See “About Cornerstone” below.

³ Copper Equivalent is currently calculated (assuming 100% recovery of copper and gold) using a Gold Conversion Factor of 0.751 (CuEq = Cu + Au x 0.751), calculated from a current nominal copper price of US$3.30/lb and a gold price of US$1,700/oz.

⁴ Significant down-hole drill intercepts are reported using a data aggregation method based on copper equivalent (CuEq) cut-off grades with up to 10m internal dilution, excluding bridging to a single sample and with minimum intersection length of 50m.

True width of down-hole intersections reported are expected to be approximately 35-95% of the down-hole lengths, depending on the attitude of the drill hole.

Primary Target Is 1,800 Metre Long Gold Trend A

MIRAMICHI, New Brunswick, May 25, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has commenced the 2021 trenching program on its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick. Targets include numerous new gold veins discovered in 2020 and potential extensions associated with gold soil trends A to D.

Targets include three veins: No 2, No 18 and No 22 where the Company reported visible gold in 2020. Grab samples from the No 2 vein ranged up to grading 363.00 g/t and up to 11.30 g/t in vein No 22. Multiple sites of visible gold were supported by assay results grading 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick as reported December 03, 2020. These veins are part of a swarm of gold-bearing veins extending eastward over a strike-length of 1,100 m. This vein system has only been tested intermittently and is open eastward.

The initial trenching targets are gold soil trends A, B, C and D. Trend A is a 150 m wide by of 1,800 m long region of elevated gold ranging from 20 ppb to 206 ppb gold in soils reported on January 19, 2021. Trend B is a 600 m long parallel trend between the high grade Maisie vein and the new gold vein discoveries. Trend C is a 200 m long anomaly ranging from 46 ppb to 102 ppb gold. Trend D is a 700 m long cross-cutting trend. The intersection of gold trends A and D is a priority gold trenching target.

The Menneval Project: The Menneval Gold project is SLAM’s flagship project and the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.

Appalachian Gold Structure Model: The Menneval gold discoveries occur on the flank of a major Appalachian structure known as the Restigouche fault. Most other gold deposits in New Brunswick are associated with similar Appalachian structures such as the Millstream Break, Sawyer Brook and Wheaton Bay faults. Major Appalachian structures are associated with the Valentine, Moosehead, Queensway and many other gold deposits in Newfoundland, with the Haile gold mine in South Carolina and with the Dalradian gold project in Ireland. Other New Brunswick examples supporting this Appalachian gold structure model include gold discoveries by Puma Exploration Inc. (PUMA.V) near the Millstream Break and by Galway Metals Inc. (GWM.V) near the Sawyer Brook fault.

About SLAM Exploration Ltd:

SLAM is a project-generating resource company focused on is its flagship Menneval Gold project where the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Millstream Break in northern New Brunswick. SLAM also expects to conduct preliminary programs on the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in southern New Brunswick. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC.

The Company has generated cash from the sale of securities received from mineral property option agreements with other companies and has sufficient funds for the work currently in progress. The Company has applied for funding assistance up to $100,000 under the New Brunswick Junior Mining Assistance Program in support of a proposed 2021 drilling program. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

QA-QC Sampling Procedures
The trenching and soil geochemical results referenced above were previously reported as were the QA-QC Sampling Procedures.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations 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. 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. There are a number of risk factors that could cause future results to differ materially from those described herein. 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. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960 mike@slamexploration.com

Eugene Beukman, CFO
Contact: 604-687-2038 ebeukman@pendergroup.ca

SEDAR: 00012459E

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, May 25, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) is pleased to announce that the Company has entered into a binding share purchase agreement (the "SPA") with Centaur Resources ("Centaur") to acquire its wholly owned subsidiary, Centaur Resources Holding Pty Ltd, which indirectly owns 100% of the Sal de la Puna lithium brine project ("Sal de la Puna", or the "Project"), covering 11,000 hectares of the Pastos Grandes basin in Argentina. The Company was previously assigned the right to acquire the Project pursuant to a binding memorandum of understanding (the "MOU") with LITH-ARG Acquisition LLC ("LITH-ARG"), as further described in the press release dated March 29, 2021.

The Sal de la Puna Project

The Sal de la Puna Project covers approximately 11,000 hectares of the Pastos Grandes basin located in the Puna region of Salta province at an average elevation of 4,000 metres above sea level. The project hosts a large portion of the Pastos Grandes salar adjacent and south of Millennial Lithium’s (TSX.V:ML) 12,700 hectare Pastos Grandes project and Litica’s Pozuelos-Pastos Grandes project which shares the northern portion of the same salar. Litica is a subsidiary of Latin American leading oil and gas producers PlusPetrol S.A., who acquired LSC Lithium in 2019 giving them ownership of their lithium assets in Argentina. The Sal de la Puna project is also located 50 km north of Lithium X Energy Corp.’s project, which was sold for $265 million in 2018, where Mr. Morales and Mr. Randall were senior executives.

Approximately $22 million has been invested in the property by the current private operators/owners, including approximately $13 million in work completed at Sal de la Puna over the last 5 years. Work included drilling of three wells including a pumping well to around 600 metres below surface, pumping tests, seismic & TEM geophysical surveys. The drilling was carried out on a portion of the Alma Fuerte, one of the nine 100% owned claims.

The SPA

Arena will acquire 100% of the shares on issue in Centaur Resources Holdings Pty Ltd for an approximate aggregate remaining purchase price of USD 14,500,000. The aggregate remaining purchase price takes in consideration a total purchase price of AUD 23,266,341 (approximately USD 17,995,000) (the "Price”) and discounting USD 3,500,000 paid to Centaur by LITH-ARG.

Arena has agreed to advance Centaur an loan of USD 1,000,000, secured by a first ranking charge over Centaur's assets, within 2 business days after the date of the SPA to assist Centaur in delivering the Project on a debt free basis (the "Loan"). The Loan is to be repaid at closing by being credited against the Price.

Closing of the transaction under the SPA is subject to receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange. It is also subject to, among other things, the shareholders of Centaur voting (by 51% majority) in favour of a resolution to approve the transaction, as well as Arena being satisfied with its ongoing due diligence investigations. Closing of the acquisition of the Project is expected to take place before July 20, 2021, and a further press release will be issued by the Company upon closing.

At closing, the Loan and a deposit of AUD 4,454,791.09 (USD 3,500,000), which was previously paid to Centaur by LITH-ARG, will be credited against the Price. AUD 2,000,000 of the Price will be held in escrow for a period of 12 months after closing to fund the costs of ongoing litigation affecting Centaur Resources PG S.A.S (Sociedad por Acciones Simplificada), being the Argentinian subsidiary entity that owns the Project.

The technical information contained in this news release has been reviewed and approved by William Randall, P.Geo, who is a Qualified Person as defined under NI 43-101. As President and Chief Executive Officer of the Company, Mr. Randall is not considered independent.

About Arena Minerals Inc.

Arena owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products.

Arena also owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile. The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district.

For more information regarding the Company, its management, expertise, and projects, please visit www.arenaminerals.com. An email registration allowing subscribers to directly receive news and updates is also available on the website.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Vice-President Corporate Development, at +1-647-801-7273 or smarcotte@arenaminerals.com.

On behalf of the Board of Directors of: Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muerto or Pocitos Projects in Argentina, and the Company's ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the "Company") invites individuals, institutional investors, advisors and analysts to attend its real-time, interactive presentation at the Emerging Growth Conference.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210525005320/en/

Lomiko: Materials for a new economy (Graphic: Business Wire)

Lomiko will present at the Emerging Growth Conference on May 26^th, 2021 12 noon EST, 9 am PST, for 30 minutes. Please REGISTER here to ensure you are able to attend the conference and receive any updates that are released. This live interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s CEO A. Paul Gill in real time.

The focus of the presentation will be recent developments in the Battery Materials market, the pending Preliminary Economic Assessment (PEA) at the La Loutre Graphite Project and exploration at the new Bourier lithium project. On Monday May 24^th, 2021 Quebec graphite companies received welcome news that Nouveau Monde (NYSE: NMG) started trading on the New York Stock Exchange, bringing much needed attention to the graphite and lithium developers in Quebec.

Mr. Gill will perform a presentation and may subsequently open the floor for questions. Please ask your questions during the event, and try to get through as many of them as possible.

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com. We will also release a link to that after the event.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Its audience includes potentially tens of thousands of individual and Institutional investors, as well as Investment advisors and analysts.

All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

About Lomiko Metals

Lomiko Metals holds a 100% interest in its La Loutre graphite development in southern Quebec. Located 117 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 42 minerals claims totalling 2,509 hectares (25.1km²). Lomiko also optioned The Bourier project consisting of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km²) in a region of Quebec that boasts other lithium deposits and known lithium mineralization, as shown in the maps and table below. The Bourier project is potentially a new lithium field in an established lithium district.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

On Behalf of the Board,

"A. Paul Gill"
Chief Executive Officer

We Seek Safe Harbour. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210525005320/en/

Contacts

Lomiko Metals
A. Paul Gill
604-729-5312
info@lomiko.com

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces a strategic investment in the form of a private placement (the "Placement") of up to 13,000,000 units (the "Units") at a price of $0.30 per Unit (the "Offering") for gross proceeds of up to $3,900,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.45 per share.

The strategic investment comes from Acotango Resources B.V. Group (the "Group"). The Group has extensive knowledge of the European battery market.

Hendrik van Alphen, CEO of Wealth, commented: "This is part of Wealth`s strategy to advance our corporate development for the benefit of shareholders."

Finder's fees may be payable to arm's length parties that have introduced the Company to certain subscribers participating in the Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSX Venture Exchange.

The net proceeds from the Offering are intended for general corporate purposes.

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company's main focus is the acquisition and development of lithium projects in South America. To date, the Company has positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company has a substantial licenses package.

Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors ofWEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact:

Marla RitchiePhone: 604-331-0096 Ext. 3886 or 604-638-3886E-mail: info@wealthminerals.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, anticipated exploration program results from exploration activities, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "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 or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85041

LONDON and VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) — Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the period ending March 31, 2021. The reports will be available under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (https://mkango.ca/investors/financials/).

The TSX Venture Exchange has neither approved nor 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.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "Company") is pleased to announce initial drill results from Rio Tinto Exploration Canada's (RTEC) fourth drill target on Forum's 100% owned Janice Lake copper/silver project in Saskatchewan. RTEC plans to continue its drill program beginning in June to follow up on these results on the Rafuse target.

Assays from the first four holes on the Rafuse target are:

• JANL0022 – No intercept.

• JANL0023 – 0.325% copper and 2.04 g/t silver over 48 metres (19m to 67m) including 1.78% copper and 9.25 g/t silver over 3.15 metres (33m to 36.15m)

• JANL0024 – 0.28% copper and 2.00 g/t silver over 76.5 metres (71.5m to 148m) and 0.20% copper and 1.58 g/t silver over 18 metres (188m to 206m)

• JANL0025 – 0.16% copper and 1.74 g/t silver over 8 metres (21m to 29m)

Ken Wheatley, Forum's Vice President, Exploration stated, "We are encouraged that thick intervals of copper mineralization with a higher grade section of +1% copper have been intersected from surface to a depth of 200 metres. Rio Tinto plans to continue drilling along the remaining one and half kilometres of strike potential at Rafuse this summer. Thick intervals of copper mineralization have now been intersected by drilling for over 5 kilometres on the property on four different targets."

This is RTEC's second drill campaign on the 52 kilometre long Janice Lake property. RTEC drilled 5,209 metres in 21 holes in 2019 on three targets – Jansem, Janice and Kaz. Nine holes for a total of 2,330 metres were drilled in February and March 2021 on the Rafuse target, a 2.8 kilometre long priority target of surface copper mineralization. Three drill fences at 200 metre spacings for a total strike length of 650 metres have been tested (Figure 1). Further results from the remaining five holes are expected in the coming weeks.

Figure 2 is a cross section of the first drill fence which illustrates one copper interval ranging in thickness from 48 metres to 76.5 metres starting from surface to a depth of 150 metres and a second copper interval of 18 metres starting at 200 metres, both of which are open at depth.

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

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4908/85042_62c4ef8d349d8a43_003full.jpg

Figure 2: Cross Section JANL-22 to 25 with interpreted geology.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4908/85042_62c4ef8d349d8a43_004full.jpg

Quality Control/ Quality Assurance

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

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

CONFERENCE CALL INFORMATION

FORUM will host a conference call after market on May 25^th, 2021 at 1pm PST / 4pm EST with CEO Rick Mazur and VP Exploration Ken Wheatley to go over the drill results and a technical and market overview of the Janice Lake Copper Joint Venture with Rio Tinto.

A question and answer period will follow.

FMC Forum Energy Metals Results Technical Overview Discussions Chat
https://us02web.zoom.us/j/88529136791?pwd=VWVGNFo0QVlQK1U3cEM5bjA1bEVUdz09

Meeting ID: 885 2913 6791
Passcode: 659784
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Participant Dial-In Numbers are available as well (Toll-Free)
Canada (Vancouver) +1 778 907 2071
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+1 929 436 2866 US (New York)
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Meeting ID: 885 2913 6791
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Find your local number: https://us02web.zoom.us/u/kbHn4EswlC

About Forum Energy Metals

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

ON BEHALF OF THE BOARD OF DIRECTORS

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

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

For further information contact:

NORTH AMERICA

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

UNITED KINGDOM

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85042

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So, the natural question for Rockhaven Resources (CVE:RK) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

View our latest analysis for Rockhaven Resources

How Long Is Rockhaven Resources' Cash Runway?

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at March 2021, Rockhaven Resources had cash of CA$4.7m and no debt. Looking at the last year, the company burnt through CA$639k. That means it had a cash runway of about 7.4 years as of March 2021. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. You can see how its cash balance has changed over time in the image below.

How Is Rockhaven Resources' Cash Burn Changing Over Time?

Because Rockhaven 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. Over the last year its cash burn actually increased by 35%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Rockhaven Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Rockhaven Resources Raise More Cash Easily?

Given its cash burn trajectory, Rockhaven Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. 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.

Rockhaven Resources' cash burn of CA$639k is about 2.3% of its CA$28m market capitalisation. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

Is Rockhaven Resources' Cash Burn A Worry?

As you can probably tell by now, we're not too worried about Rockhaven Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. Although its increasing cash burn does give us reason for pause, the other metrics we discussed in this article form a positive picture overall. Looking at all the measures in this article, together, we're not worried about its rate of cash burn; the company seems well on top of its medium-term spending needs. Taking an in-depth view of risks, we've identified 2 warning signs for Rockhaven Resources that you should be aware of before investing.

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) (Santiago: SSVCL) ("Southern Silver" or the "Company") announces that it has entered into an agreement with Red Cloud Securities Inc. (the "Underwriter") to act as sole underwriter and bookrunner for the purchase for resale of 14,000,000 units of the Company (the "Units") at a price of C$0.50 per Unit (the "Unit Price") on a "bought deal" basis under a private placement for gross proceeds of C$7,000,000 (the "Brokered Offering"). Each Unit shall be comprised of one common share in the capital of the Company (each a "Unit Share") and one half of one common transferable share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company (each, a "Warrant Share") at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Brokered Offering.

In connection with the Brokered Offering, the Company will sell up to 4,000,000 Units at the Unit Price in a non-brokered private placement for additional gross proceeds of up to C$2,000,000 (the "Non-Brokered Private Placement", and collectively with the Brokered Offering, the "Offerings"). The Units sold under the Non-Brokered Private Placement will be identical to those sold under the Brokered Offering. Fort Capital Partners is acting as financial advisor to the Company in relation to the Offerings.

The Units will be offered by way of the "accredited investor" and "minimum amount investment" exemptions under National Instrument 45-106 – Prospectus Exemptions in all the Provinces of Canada. The Units may also be sold in offshore jurisdictions and in the United States to Qualified Institutional Buyers as defined in Rule 144A under the United States Securities Act of 1933, as amended (the "1933 Act"), and to Accredited Investors as defined in Rule 501(a) of Regulation D under the 1933 Act, by way of a private placement basis pursuant to exemptions from the registration requirements of the 1933 Act.

The net proceeds from the Offerings will be used for exploration and advancement of the Company's Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico and for general working capital purposes. The closing of the Offerings are expected to occur on or about June 14, 2021 and is subject to receipt of all necessary regulatory and other approvals, including the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange. The Unit Shares, Warrants and Warrant Shares will be subject to a hold period of four months and one day from the date of closing of the Offerings in accordance with applicable Canadian securities laws and may be subject to resale restrictions in the jurisdiction of residents of non-Canadian purchasers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

On behalf of the Board of Directors

"Lawrence Page"
Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

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

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85219

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has completed the previously announced diamond drilling program on its 100%-owned Metates project in Mexico (NR4-2021). The Company drilled approximately 2,500 metres of large diameter (PQ) core providing 10 tonnes of material (the "Samples") for metallurgical test work that will focus on the new heap leach processing route.

The Samples are being sent to ALS Laboratories in Zacatecas, Mexico for preparation with the pulps to be assayed in Vancouver. The Company will select drill intercepts for the comprehensive metallurgical testwork program.

The first phase of the metallurgical test program will include 40 test columns to analyze the impacts of size, reagent strengths and ore types to determine the optimum oxidation and precious metal leaching parameters.

2021 Work Program Update

• Heap Leach Economic Study:

M3 Engineering & Technology Corp. ("M3") is working on a scoping level study for the "starter" sulphide heap leach operation focused on the higher-grade intrusive section of the orebody to demonstrate the economic viability of this option as compared to the contemplated autoclave process in the pre-feasibility studies. The preliminary economic study is expected to be released in late Q2 / early Q3.

• Metallurgical Test Results:

The Company expects the Vancouver lab to begin metallurgical testwork in mid-Q3 prioritizing the intrusive portion of the Metates orebody. Results of the testwork will be released on an ongoing basis with first results expected in Q4.

Chesapeake's Chief Executive Officer, Mr. Alan Pangbourne, commented, "I am pleased to report on the drilling update and would like to thank the Chesapeake team for completing the program safely and ahead of schedule with excellent core recoveries. Together with M3, we are progressing according to plan and look forward to updating shareholders in the coming months on the above milestones and other significant events."

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with over 18 million ounces of gold and over 500 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at invest@chesapeakegold.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 news release.

Forward-Looking Statements

This news release contains "forward-looking information." Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the successful integration of the Alderley transaction, the successful application of the Technology to the Metates project, general business, economic, competitive, political and social uncertainties; the actual results of exploration activities; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry, and political instability. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85171

Target ultramafic intrusion intercepted in first three holes to date, 100 metres down dip of 2020 drilling

VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on the exploration program underway at ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”) Project in northeastern Brazil.

“Our 2021 exploration program at Pedra Branca is now in full swing with three drills, property-wide Trado^®, and extensive prospecting accelerating the target pipeline,” stated ValOre’s VP of Exploration, Colin Smith. “The inaugural drill holes at Trapia 1 look highly encouraging, with the anticipated first batch of assay results expected in early June, and a steady receipt of results continuing throughout our 8,000-metre program.”

Pedra Branca 2021 Exploration Program Highlights:

• Fully funded and permitted 8,000 metre (“m”) drill program has started:

  • 2,000 m to be drilled in 34 holes in the Reverse Circulation drilling (“RC”) program

  • 6,000 m to be drilled in 42 holes in the diamond drilling (“DD”, “core drilling”) program

  • An estimated 4,000 drill samples to be submitted for assay;

• Pre-drilling Trado^® auger drilling continues property-wide:

  • 226 m drilled in 75 auger holes testing 4 target areas

  • 233 samples submitted for assay;

• Additional trenching has been completed at the Santo Amaro South target:

  • 136 m in two trenches (98 m and 38 m)

  • 12 m of prospective ultramafic (“UM”) or ultramafic-derived rock transected in each trench, with 115 samples submitted for assay;

• Extensive geological mapping conducted at the Santo Amaro, Trapia and Cana Brava target areas:

  • 1,552 geological mapping points at 8 property-wide target areas

  • 139 rock selected grab samples submitted for assay;

2021 Drill Program

ValOre’s 2021 drill program is now fully underway with two core rigs and one RC rig mobilized to the Trapia 1 target area. The primary focus of this year’s program is resource expansion and pre-resource target advancement, with at least nine property-wide targets selected for drilling. CLICK HERE for more information regarding the 2021 exploration program at Pedra Branca, and CLICK HERE for Figure 1, showing a regional map of 2021 drill targets.

2021 drilling at Trapia 1 has intercepted the target ultramafic intrusion in the first three diamond drill holes drilled to date, including a 75.70 m interval from 134.95 m hole depth (~117 m vertical) in DD21TU21. Two separate chromitite reef horizons were observed within the sequence, indicating a strong potential for high-grade PGE mineralization. This hole is stepped out 100 m down-dip to the east from 2020 drill hole DD20TU12, which graded 100.42 m at 0.76 g/t 2PGE+Au from 93.15 m. Core logging and sampling is in progress.

Drill hole DD21TU22 stepped out 100 m down-dip to the east from 2020 drill hole DD20TU20, which graded 76.74 m at 1.25 g/t 2PGE+Au from 176.81 m, including 30.55 m at 2.33 g/t 2PGE+Au from 223.00 m. The target UM intrusion was intercepted for 73.10 m in DD21TU22, from 172.80 m hole depth (~149 m vertical), with three separate chromitite reef horizons encountered within the UM package, including a 1.25 m reef at 201.60 (~174 m vertical). Core logging and sampling is in progress.

Drill hole DD21TU23 stepped out 100 m down-dip to the east from 2020 drill hole DD20TU13, which graded 61.85 m at 0.81 g/t 2PGE+Au from 217.15, including 2.45 m at 9.42 g/t 2PGE+Au from 221.20 m. The target UM has been intersected in hole DD21TU23 at 207.00 m depth (~179 m vertical), and drilling is ongoing at ~240 m, still within the mineralized UM sequence. Two chromitite reef horizons have been intersected within the first 30 m of the UM intrusion.

2021 RC drilling is testing for extensions of mineralization along strike at Trapia 1 and the up-dip extension of mineralization west of 2020 drilling. RC drill hole RC21TU04 was collared 170 m along strike to the west-southwest from the nearest historical resource drillhole and intercepted the target intrusion from 42 m hole depth (36 m vertical). The hole was lost at 78 m depth within the UM sequence, which remains open in all directions. The RC chips have been logged, sampled, and submitted for assay to SGS Vespasiano, Minas Gerais.

2021 Trado^® Auger Program

ValOre continues to utilize the Trado^® auger drill to test and advance property-wide exploration targets at Pedra Branca. To date this year, 226 m have been drilled in 75 holes at 4 target areas, with 233 samples submitted for assay. CLICK HERE for news release dated March 23, 2021 and CLICK HERE for news release dated April 26, 2021, for highlights of the 2021 Trado^® auger program.

2021 Trenching Program

Two additional trenches at the Santo Amaro South target area have been completed to test for continuity of PGE mineralization between 2021 trenches TRSAS01 (20 m grading 1.06 g/t 2PGE+Au) and TRSAS03 (77 m grading 0.20 g/t 2PGE+Au) along 400 m of prospective geological strike length. CLICK HERE for news release dated March 23, 2021 for a summary of the Q1 2021 trenching results at Santo Amaro South.

Trench TR21SAS04, situated 260 m north of TR21SAS03, was 98 m in length and intercepted 12 m of UM/UMD rock. 30 m to the west-southwest, the 38 m long TR21SAS05 intercepted 12 m of UM/UMD rock. 115 total samples have been submitted for assay.

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 (PGE) 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.

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – IMPACT Silver Corp. (TSXV: IPT) ("IMPACT" or the "Company") announces its financial and operating results for the first quarter ended March 30, 2021.

The Company reported $5.4 million in revenue for the first quarter of 2021, a 57% improvement year over year from Q1 2020's revenue of $3.4 million. Cash provided by operating activities improved to $1.3 million from $0.7 million in Q1 2020. Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, & share-based payments) increased 220% from $0.5 million in Q1 2020 to $1.6 million.

Mine operating earnings before amortization and depletion in Q1 2021 improved to $1.9 million from $0.3 million in 2020. Operating activities in Q1 2021 generated cash flows of $1.3 million compared to $0.7 million in 2020. The net loss for quarter was $0.3 million compared to Q1 2020 of $0.1 million, after a $0.9 million non-cash accounting provision for share-based payments to employees and consultants of IMPACT.

Fred Davidson, President & CEO of IMPACT, stated, "In Q1 2021, we witnessed a rush to silver from retail investors due to online message board rallies and zero commission platforms. The resulting silver squeeze took silver to recent highs which has benefited our bottom-line and also brought in attention to a sector that has been under-allocated by retail investors since 2011.

"While we cannot plan our business around online fueled rallies and short-term blips, IMPACT continues to be one of the purest silver miners with a 90%+ revenue leverage to silver prices. It is our plan in 2021 that with ongoing production efficiency improvements and exploration plans, we will continue to shape IMPACT into the premier silver exploration and production play for investors. Now that cash flow is positive and metal prices relatively stabilized, we aim to explore and unlock further value from our land package in 2021."

Q1 2021 Financial Overview

• Revenue for Q1 2021 was $5.4 million, an increase of 57% from 2020 of $3.4 million.

• Adjusted EBITDA was $1.6 million for quarter, another large increase over $0.5 million for comparable period in 2020.

• Mine operating earnings before amortization and depletion for Q1 2021 were $1.9 million, improving from $0.3 million in 2020.

• Net loss for the quarter was $0.3 million after a $0.9 million non-cash provision for share-based payments, compared to Q1 2020 net loss of $0.1 million.

• Net working capital for the Company at March 31, 2021 was $21.9 compared to of $3.4 million in 2020, a stark improvement year over year.

• The Company has no long-term debt.

Q1 2021 Production Overview

• Throughput at the mill was 36,413 tonnes milled in Q1 2021 compared to 39,537 tonnes in 2020 as the focus on underground development resulted in fewer tonnes mined, and the capacity at the plant was reduced for improvements to the flotation circuit.

• Average mill feed grade for silver was 162 grams per tonne (g/t) in Q1 2021, a decrease of 5% from 170 g/t in Q1 2020 due to the mining of lower grade but higher margin material.

• Q1 2021 silver production was 156,889 ounces (2020 – 178,994 ounces).

The rise in silver prices largely offset slightly lower tonnage and grade in 2021, and as a result has generated strong cash flow for the Company. Revenue per tonne sold was $124.17 in Q1 2021, an increase of over 46% from same period 2020 at $84.92.

Direct costs per production tonne were $75.45 in Q1 2021, no significant change from 2020's comparative period of $75.16, affirming that cost controls and efficiency implementation remain strong. During the quarter, a substantial underground development program at the Guadalupe mine continued adding track at the 195 level, which will help improve long-term efficiencies from that mine. The near-term cost per tonne is anticipated to increase in Q2 2021 as exploration and development at Guadalupe picks up.

Exploration And Development Plans

In the first three months of 2021, IMPACT announced the purchase of a surface and an underground drill with plans to drill 10,000 metres on both near mine and other exploration targets (see IMPACT news release dated February 1, 2021).

On further exploration news, fieldwork was highlighted by continued exploration on the north and south extensions of the Veta Negra Mine, trenching on the bulk tonnage gold target at Manto America in the central part of the district and exploration on the northwest (Pachuqueno) extensions of the Guadalupe Mine. The Company also commissioned Condor Consulting, Inc. to review and carry out a modern interpretation of a large geophysical database collected in the 1990's over the Mamatla-Capire Mine area to identify exploration targets. (see IMPACT news dated May 12, 2021).

A recorded conference call reviewing the financial and production results of the quarter ended March 30, 2021 will be available on the Company website on May 26, 2021 at www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10.9 million ounces of silver, generating revenues over $212 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details); Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high-grade silver-gold zones and has placed multiple zones into commercial production.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P. Eng., Vice President and Director of IMPACT Silver Corp., and a Qualified Person as defined under Canadian National Instrument 43-101, approved the technical information in this news release.

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(778) 887-6489 or inquiries@impactsilver.com

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationship with vendors and strategic partners, government regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

705-543 Granville Street Telephone (604)664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84958

The big shareholder groups in Peel Mining Limited (ASX:PEX) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.

Peel Mining is not a large company by global standards. It has a market capitalization of AU$138m, which means it wouldn't have the attention of many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's take a closer look to see what the different types of shareholders can tell us about Peel Mining.

See our latest analysis for Peel Mining

What Does The Institutional Ownership Tell Us About Peel Mining?

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

As you can see, institutional investors have a fair amount of stake in Peel Mining. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Peel Mining's historic earnings and revenue below, but keep in mind there's always more to the story.

We note that hedge funds don't have a meaningful investment in Peel Mining. The company's largest shareholder is Perth Capital Pty Ltd, with ownership of 9.4%. St Barbara Limited is the second largest shareholder owning 9.4% of common stock, and Paradice Investment Management Pty Ltd. holds about 5.5% of the company stock. Furthermore, CEO Robert Tyson is the owner of 1.9% of the company's shares.

A closer look at our ownership figures suggests that the top 13 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. As far I can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of Peel Mining

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

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

It seems insiders own a significant proportion of Peel Mining Limited. Insiders have a AU$21m stake in this AU$138m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.

General Public Ownership

The general public, with a 43% stake in the company, will not easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

We can see that Private Companies own 18%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Public Company Ownership

We can see that public companies hold 14% of the Peel Mining shares on issue. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Peel Mining better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Peel Mining (at least 3 which don't sit too well with us) , and understanding them should be part of your investment process.

If you would prefer check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, backed by strong financial data.

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

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

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

Sherritt International Corporation (TSE:S) shareholders might be concerned after seeing the share price drop 22% in the last quarter. Despite this, the stock is a strong performer over the last year, no doubt about that. We're very pleased to report the share price shot up 240% in that time. So some might not be surprised to see the price retrace some. The real question is whether the business is trending in the right direction.

View our latest analysis for Sherritt International

Sherritt International wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Sherritt International actually shrunk its revenue over the last year, with a reduction of 13%. We're a little surprised to see the share price pop 240% in the last year. This is a good example of how buyers can push up prices even before the fundamental metrics show much growth. Of course, it could be that the market expected this revenue drop.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So it makes a lot of sense to check out what analysts think Sherritt International will earn in the future (free profit forecasts).

A Different Perspective

We're pleased to report that Sherritt International shareholders have received a total shareholder return of 240% over one year. That certainly beats the loss of about 5% per year over the last half decade. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. It's always interesting to track share price performance over the longer term. But to understand Sherritt International better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Sherritt International , and understanding them should be part of your investment process.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

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

Metals Exploration plc (LON:MTL) shares have had a really impressive month, gaining 49% after a shaky period beforehand. Longer-term shareholders would be thankful for the recovery in the share price since it's now virtually flat for the year after the recent bounce.

Although its price has surged higher, given close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") above 26x, you may still consider Metals Exploration as a highly attractive investment with its 6.2x P/E ratio. However, the P/E might be quite low for a reason and it requires further investigation to determine if it's justified.

With earnings that are retreating more than the market's of late, Metals Exploration has been very sluggish. It seems that many are expecting the dismal earnings performance to persist, which has repressed the P/E. If you still like the company, you'd want its earnings trajectory to turn around before making any decisions. Or at the very least, you'd be hoping the earnings slide doesn't get any worse if your plan is to pick up some stock while it's out of favour.

View our latest analysis for Metals Exploration

Keen to find out how analysts think Metals Exploration's future stacks up against the industry? In that case, our free report is a great place to start.

What Are Growth Metrics Telling Us About The Low P/E?

There's an inherent assumption that a company should far underperform the market for P/E ratios like Metals Exploration's to be considered reasonable.

Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 29%. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.

Turning to the outlook, the next three years should generate growth of 56% per year as estimated by the sole analyst watching the company. Meanwhile, the rest of the market is forecast to only expand by 19% per year, which is noticeably less attractive.

With this information, we find it odd that Metals Exploration is trading at a P/E lower than the market. It looks like most investors are not convinced at all that the company can achieve future growth expectations.

What We Can Learn From Metals Exploration's P/E?

Shares in Metals Exploration are going to need a lot more upward momentum to get the company's P/E out of its slump. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.

Our examination of Metals Exploration's analyst forecasts revealed that its superior earnings outlook isn't contributing to its P/E anywhere near as much as we would have predicted. There could be some major unobserved threats to earnings preventing the P/E ratio from matching the positive outlook. It appears many are indeed anticipating earnings instability, because these conditions should normally provide a boost to the share price.

You need to take note of risks, for example – Metals Exploration has 5 warning signs (and 2 which are significant) we think you should know about.

Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with a strong growth track record, trading on a P/E below 20x.

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.

On May 21, we issued an updated research report on Wheaton Precious Metals Corp. WPM. The company is poised to gain from ongoing focus on mine expansions, acquisitions as well as a solid financial position.

Wheaton reported first-quarter 2021 adjusted earnings per share of 36 cents, suggesting year-over-year growth of 53.6%. The bottom-line figure came in line with the Zacks Consensus Estimate. The company generated revenues of a record $324 million during the reported quarter, up 27% on a year-over-year basis. The top line also beat the Zacks Consensus Estimate of $313 million.

Upbeat Production Estimates

Wheaton generates revenues primarily from the sale of precious metals, including gold, silver and palladium. The company has a diversified portfolio of high-quality, long-life assets. It projects production within 720,000 GEOs (Gold Equivalent Ounces) and 780,000 GEOs for 2021, which indicates a year-over-year jump of 12% at the mid-point.

For the current year, Wheaton estimates gold production between 370,000 ounces and 400,000 ounces. The mid-point of the guidance suggests a 5% year-over-year increase.

Silver production for 2021 is projected at 22.5-24 million ounces, calling for a 1% year-over-year rise at the mid-point. This will be driven by higher silver ounces from Cozamin and Keno Hill.

Production of palladium & cobalt is expected in the range of 40,000 GEOs to 45,000 GEOs for 2021. The company has also issued a five-year (2021-2025) guidance, averaging 810,000 GEOs.

Mine Expansion Moves to Drive Growth

Vale S. A’s VALE investment in the Salobo III mine expansion was 73% complete at the end of first-quarter 2021. This expansion will increase the mill throughput capacity by 50% and add to gold production in 2023. Per the precious metals purchase agreement with Vale, effective Jan 1, 2021, Wheaton reported the first production of cobalt from Vale’s Voisey's Bay mine in Canada.

Palladium and gold production from Stillwater will likely increase on the ramp-up of the Sibanye Stillwater's Blitz project, which is expected to reach full capacity in 2024. At Constancia, Hudbay Minerals HBM announced that it has completed the final land user agreement for the Pampacancha deposit. Hudbay now has full access to the site and has begun pit development activities. These expansion projects are anticipated to be growth drivers for Wheaton in the coming years.

Acquisitions to Boost Growth

Wheaton is focused on adding additional production capacity from high-quality accretive metals. Moreover, its business model focuses on reducing risk, while leveraging higher commodity prices. Wheaton remains active on the corporate development front and focused on growing high-quality portfolio of assets.

On Feb 19, Wheaton closed its precious metals purchase agreement with Capstone Mining Corp. to purchase a 50% silver stream from the Cozamin Mine located in Zacatecas, Mexico. On Apr 15, the company wrapped up the deal with Aris Gold Corporation to acquire 6.5% of the gold production and 100% of the silver production from the Marmato Project located in Colombia. On Mar 25, the company entered into an agreement with Capstone to purchase 100% of the payable gold production from the Santo Domingo project located in the Atacama Region, Chile.

Strong Financial Position

The company fully paid a revolving credit facility of $2 billion during the first quarter. Wheaton had $191 million of cash in hand at the end of the first quarter with no outstanding debt. Backed by Wheaton’s cash position, sales volume, revenues and strong operating cash flows, the company announced a quarterly dividend of 14 cents per share, representing an increase of 40% year over year. This is the company’s third quarterly dividend hike in a row. It also provides the flexibility to acquire additional accretive precious metals.

However, there are a few factors that might impede growth in the near term.

The company expects unfavorable impact of the pandemic to dent its results until the situation stabilizes. Even though gold prices have been higher on a year-over-year basis, it has lost 0.7% of its value, year to date. In fact, yellow metal prices had dropped below $1,700 an ounce earlier this year on successful vaccine roll-out and massive stimulus package. The company’s GEOs production guidance assumes gold prices of $1,800 per ounce. If gold prices dip below this level further, this might put the guidance at risk.

Price Performance

Shares of Wheaton have gained 25.1% over the past three months compared with the industry’s growth of 25%.

Zacks Rank & Stocks to Consider

Wheaton currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the basic materials space is ArcelorMittal MT, which sports a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

ArcelorMittal has a projected earnings growth rate of 984.7% for the current year. The company’s shares have soared nearly 179% in the past year.

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Zacks Investment Research

Altius Minerals Corporation (TSE:ALS) stock is about to trade ex-dividend in 3 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Altius Minerals' shares on or after the 28th of May will not receive the dividend, which will be paid on the 15th of June.

The company's next dividend payment will be CA$0.05 per share. Last year, in total, the company distributed CA$0.20 to shareholders. Calculating the last year's worth of payments shows that Altius Minerals has a trailing yield of 1.2% on the current share price of CA$16.77. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether Altius Minerals can afford its dividend, and if the dividend could grow.

Check out our latest analysis for Altius Minerals

If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. Altius Minerals paid a dividend last year despite being unprofitable. This might be a one-off event, but it's not a sustainable state of affairs in the long run. Considering the lack of profitability, we also need to check if the company generated enough cash flow to cover the dividend payment. If cash earnings don't cover the dividend, the company would have to pay dividends out of cash in the bank, or by borrowing money, neither of which is long-term sustainable. It distributed 37% of its free cash flow as dividends, a comfortable payout level for most companies.

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

Have Earnings And Dividends Been Growing?

Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Altius Minerals was unprofitable last year, but at least the general trend suggests its earnings have been improving over the past five years. Even so, an unprofitable company whose business does not quickly recover is usually not a good candidate for dividend investors.

Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Altius Minerals has delivered 16% dividend growth per year on average over the past six years. Both per-share earnings and dividends have both been growing rapidly in recent times, which is great to see.

We update our analysis on Altius Minerals every 24 hours, so you can always get the latest insights on its financial health, here.

Final Takeaway

From a dividend perspective, should investors buy or avoid Altius Minerals? We're a bit uncomfortable with it paying a dividend while being loss-making. However, we note that the dividend was covered by cash flow. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there.

Curious what other investors think of Altius Minerals? See what analysts are forecasting, with this visualisation of its historical and future estimated earnings and cash flow.

A common investment mistake is buying the first interesting stock you see. Here you can find a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.

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.

Niche Companies in Technology, Cannabis, Graphene, Precious Metals, and more in Attendance

MIAMI, May 24, 2021 (GLOBE NEWSWIRE) — EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 8^th Emerging Growth Conference.

The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

Register for the conference here.

The schedule for May 26 from 9:00 AM until 4:00 PM is as follows:

(All times are Eastern Time Zone)

We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC

All interested in attending should visit the following link to register. You will then receive an email containing the link and time to sign into the conference.

Register for the conference here.

We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC

These exciting virtual conferences are like attending an “in person” event, you can sign in and out as often as you like.

About EmergingGrowth.com

Founded in 2009, Emerging Growth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.

The next step in its evolution is the Emerging Growth Conference.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.

The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All Conferences are first announced on Twitter – Follow us on Twitter

All Conference replays emerge on our YouTube Channel – Subscribe to our YouTube Channel

All sessions will be conducted through video webcasts and will take place in the Eastern time zone. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

If you believe your company, product or service is at the cusp of going mainstream, or you have an idea for an “Emerging Growth” company that might fit our model, contact us here.

Thank you for your interest in our conference, and we look forward to your participation in future conferences.

Contact:

Emerging Growth
Phone: 1-305-330-1985
Email: Conference@EmergingGrowth.com

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So should Bear Creek Mining (CVE:BCM) shareholders be worried about its cash burn? 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. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for Bear Creek Mining

When Might Bear Creek Mining Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Bear Creek Mining last reported its balance sheet in December 2020, it had zero debt and cash worth US$21m. Looking at the last year, the company burnt through US$13m. Therefore, from December 2020 it had roughly 19 months of cash runway. Notably, analysts forecast that Bear Creek Mining will break even (at a free cash flow level) in about 3 years. That means unless the company reduces its cash burn quickly, it may well look to raise more cash. You can see how its cash balance has changed over time in the image below.

How Is Bear Creek Mining's Cash Burn Changing Over Time?

Because Bear Creek Mining isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Even though it doesn't get us excited, the 25% reduction in cash burn year on year does suggest the company can continue operating for quite some time. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at how much the company is expected to grow in the next few years.

Can Bear Creek Mining Raise More Cash Easily?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for Bear Creek Mining to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By 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.

Bear Creek Mining has a market capitalisation of US$186m and burnt through US$13m last year, which is 7.0% of the company's market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Bear Creek Mining's Cash Burn?

Bear Creek Mining appears to be in pretty good health when it comes to its cash burn situation. Not only was its cash runway quite good, but its cash burn relative to its market cap was a real positive. One real positive is that analysts are forecasting that the company will reach breakeven. Based on the factors mentioned in this article, we think its cash burn situation warrants some attention from shareholders, but we don't think they should be worried. On another note, we conducted an in-depth investigation of the company, and identified 4 warning signs for Bear Creek Mining (1 is potentially serious!) that you should be aware of before investing here.

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

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

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

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like APN Convenience Retail REIT (ASX:AQR). While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. While a well funded company may sustain losses for years, unless its owners have an endless appetite for subsidizing the customer, it will need to generate a profit eventually, or else breathe its last breath.

Check out our latest analysis for APN Convenience Retail REIT

APN Convenience Retail REIT's Improving Profits

Over the last three years, APN Convenience Retail REIT has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. So I don't think the percent growth rate is particularly meaningful. As a result, I'll zoom in on growth over the last year, instead. APN Convenience Retail REIT boosted its trailing twelve month EPS from AU$0.20 to AU$0.23, in the last year. I doubt many would complain about that 14% gain.

I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). While we note APN Convenience Retail REIT's EBIT margins were flat over the last year, revenue grew by a solid 15% to AU$37m. That's progress.

You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart.

The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. To that end, right now and today, you can check our visualization of consensus analyst forecasts for future APN Convenience Retail REIT EPS 100% free.

Are APN Convenience Retail REIT Insiders Aligned With All Shareholders?

Like that fresh smell in the air when the rains are coming, insider buying fills me with optimistic anticipation. That's because insider buying often indicates that those closest to the company have confidence that the share price will perform well. Of course, we can never be sure what insiders are thinking, we can only judge their actions.

Not only did APN Convenience Retail REIT insiders refrain from selling stock during the year, but they also spent AU$140k buying it. That's nice to see, because it suggests insiders are optimistic. We also note that it was the Independent Director of APN Funds Management Limited, Howard Brenchley, who made the biggest single acquisition, paying AU$90k for shares at about AU$3.61 each.

On top of the insider buying, it's good to see that APN Convenience Retail REIT insiders have a valuable investment in the business. Indeed, they hold AU$19m worth of its stock. That shows significant buy-in, and may indicate conviction in the business strategy. Despite being just 4.1% of the company, the value of that investment is enough to show insiders have plenty riding on the venture.

Is APN Convenience Retail REIT Worth Keeping An Eye On?

One positive for APN Convenience Retail REIT is that it is growing EPS. That's nice to see. Better yet, insiders are significant shareholders, and have been buying more shares. To me, that all makes it well worth a spot on your watchlist, as well as continuing research. Still, you should learn about the 3 warning signs we've spotted with APN Convenience Retail REIT .

As a growth investor I do like to see insider buying. But APN Convenience Retail REIT isn't the only one. You can see a a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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. – May 21, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has announced a non-brokered private placement. The company is looking to raise gross proceeds of up to $2,060,000 from the placement of both regular and flow-through units.

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

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http://www.investmentpitch.com/video/1_u3dgdbw2/Great-Atlantic-announces-2-million-non-brokered-private-placement-backed-by-Mr-Eric-Sprott

Up to $1,360,000 will be raised from the placement of up to 2 million flow-through units priced at $0.68 per unit, with another $700,000 to be raised from the placement of up to 1,400,000 regular units priced at $0.50 per unit. Both units will consist of 1 share and 1 warrant, with the warrant exercisable at $0.75 for 36 months.

Subject to and concurrently with the completion of this private placement, Eric Sprott, through 2176423 Ontario Ltd., which is beneficially owned by Mr. Sprott, has agreed to be a back-end purchaser of common shares issued in connection with this private placement.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold. The company is particularly active in the central Newfoundland, where the company has several properties, with the Golden Promise Gold Property being the most advanced, highest priority and largest property.

The Jaclyn Zone, located within the northern region of the Golden Promise Property, hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones.

The Jaclyn Main Zone has a NI 43-101 Resource Estimate of 119,000 ounces of gold. Because part of the vein is near surface, the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. All resources were classified as inferred because of the relatively wide spacing of drill holes through most of the zone.

The company recently reported gold assays for prospecting rock samples and drill core samples from its Golden Promise Property, with all 3 drill holes from the 2020 program intersecting gold bearing veins, extending the Jaclyn North Zone quartz vein system approximately 260 meters east of historic drilling. Rock samples were collected during late 2020 from quartz float boulders east of the Jaclyn North Zone, where the quartz boulder field measures at least 300 meters long and 25 to 75 meters wide. Three quartz float samples from this boulder field returned 157.5, 26.7 and 17.4 g/t gold while seven float samples returned 1.49 to 6.72 g/t gold.

For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com.

About InvestmentPitch Media

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

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84817

Coal has been sidelined as a fuel source due to rising awareness against emissions, and increasing usage of clean fuel sources like natural gas and other clean renewable energy as energy sources. However, the sudden rise in natural gas price has created a fresh opportunity for the Zacks Coal industry stocks. Per a current release from the U.S. Energy Information Administration (“EIA”), coal production in the United States in going to increase due to higher usage of the commodity in electricity generation.

EIA predicts that electricity usage in the United States will increase 2.2% in 2021, after falling 3.9% in 2020. Also, the usage of coal in electricity generation will increase, primarily due to higher natural gas prices in the United States. Per EIA, coal’s share in U.S. electricity generation will increase to 24% and 23% in 2021 and 2022, respectively, from 20% in 2020.

Given the expected increase in coal usage, EIA predicts coal production to total 582 million short tons (MMst) in 2021, suggesting an increase of 8% or 43 MMst (8%) from the 2020 level. Coal production is further expected to increase 4% or 23 MMst in 2022 from 2021 levels.

In addition, World Steel Association predicted global steel demand to increase 5.8% year over year in 2021 to 1,874.0 million tons (Mt) and further rise 2.7% to 1,924.6 Mt in 2022. Since metallurgical coal is an essential raw material for steel production, it will create export opportunity for U.S. coal producers. Per EIA, U.S coal exports are expected to touch 77 MMst and 87.5 MMst in 2021 and 2022, indicating 11.4% and 13.6% year-over-year growth, respectively.

So, the above prediction from EIA clearly indicates a change in the demand scenario for both thermal and metallurgical coal at least in the 2021-2022 time period. Coal companies that are fighting against drop in prices and demand will have to utilize their resources to meet the sudden change in demand for coal. It is evident that coal stocks will not only benefit from an increase in natural gas prices but also from higher demand from steel industries.

We expect coal companies like Peabody Energy BTU, CONSOL Energy Inc. CEIX and Ramaco Resources, Inc. METC, each currently carrying a Zacks Rank #3 (Hold), to gain from the increase in coal demand. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The 2021 Zacks Consensus Estimate for Peabody, CONSOL Energy and Ramaco Resources indicates a year-over -year increase of 89.9%, 572.9%, and 291.7%, respectively. All the stocks have outperformed the industry in the past six months.

Price Performance

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Zacks Investment Research

Toronto, Ontario–(Newsfile Corp. – May 21, 2021) – Royal Fox Gold Inc. (formerly Hornby Bay Mineral Exploration Ltd.) (TSXV: HBE) ("Royal Fox" or the "Company") is pleased to announce the completion of its previously announced reverse takeover transaction (the "Transaction") pursuant to the policies of the TSX Venture Exchange ("TSXV"). In connection with the completion of the Transaction, the Company filed a filing statement dated May 11, 2021 (the "Filing Statement") in support of its application to the TSXV to become a "Mining Issuer" (as that term is defined in the policies of the TSXV). The Filing Statement has been filed on SEDAR under the Company's issuer profile at www.sedar.com. Readers are encouraged to review the Filing Statement for full details on the Transaction.

The Transaction

Pursuant to the terms of the share purchase agreement dated November 30, 2020, as amended March 23, 2021 and April 21, 2021, (collectively, the "Definitive Agreement"), entered into between the Company, Frank Guillemette (the "Principal Shareholder"), Jonathan Girard and Jean-Francois Girard (together with the Principal Shareholder, the "Vendors"), the Company purchased from the Vendors all of the issued and outstanding common shares in the capital of 9396-1217 Quebec Inc., whose sole asset is 100% of the common shares in the capital of 9220-5392 Quebec Inc. o/a Mines Royales Quebec ("MRQ"). MRQ holds an option to acquire a 100% interest in the Philibert property (the "Philibert Property") located in Québec's Chibougamau mining camp. The Definitive Agreement (including the subsequent amendments thereto) has been filed on SEDAR under the Company's issuer profile.

Concurrent Financing

In connection with the Transaction, the Company completed a non-brokered private placement of subscription receipts (each, a "Subscription Receipt") on January 6, 2021 pursuant to which the Company issued an aggregate of 64,890,005 Subscription Receipts for gross proceeds of $3,244,500 (the "Offering").

The gross proceeds of the Offering (the "Escrowed Proceeds") were held in escrow on behalf of the subscribers for the Subscription Receipts by TSX Trust Company (the "Escrow Agent"), pursuant to the terms of a subscription receipt agreement (the "Subscription Receipt Agreement") entered into on January 6, 2021 among the Company and the Escrow Agent. The Company has delivered a notice to the Escrow Agent on May 6, 2021 confirming satisfaction of the applicable escrow release conditions, at which time each Subscription Receipt was automatically converted into one unit (a "Unit") of the Company, and the Escrowed Proceeds were released to the Company. Each Unit is comprised of one common share of Hornby Bay (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable by the holder thereof for one common share of the Company (each, a "Warrant Share") until January 6, 2024 at an exercise price of $0.06 per Warrant Share, subject to adjustments in certain events.

The net proceeds of the Offering will be used to fund the cash portion of the consideration payable to MRQ pursuant to the Definitive Agreement and for general corporate purposes.

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

TSXV Approval and Resumption of Trading

Trading in the common shares of the Company was previously halted on November 30, 2020 at the request of the Company in connection with the announcement of the Transaction. The Transaction remains subject to final approval by the TSXV and fulfillment of all of the requirements of the TSXV in order to obtain such approval including, among other things, submission and acceptance of all documents requested by the TSXV in its conditional acceptance letter and payment of all outstanding fees to the TSXV. Until final approval of the TSXV is obtained and a Final Exchange Bulletin is issued, trading in the common shares of Royal Fox will remain halted. Upon resumption of trading, the common shares of Royal Fox will trade under the symbol "FOXG" and the Company will be listed as a Tier 2 Mining Issuer.

Name Change

Prior to the completion of the Transaction, the Company changed its name from "Hornby Bay Mineral Exploration Ltd." to its current name, "Royal Fox Gold Inc." in accordance with the provisions of the Business Corporations Act (Ontario).

Management of the Resulting Issuer

In connection with the completion of the Transaction, the current Board of Directors and management of the Company resigned, with the exception of Mr. Arvin Ramos, CPA, CGA, the Chief Financial Officer of the Company and as a result, the following persons were appointed, in the capacities listed below. Brief biographies of the current management team are as follows:

Victor Cantore, Executive Chairman

Mr. Cantore is a seasoned capital markets professional specializing in the resource and hi-tech sectors. He has more than 20 years of advisory and leadership experience having begun his career in 1992 as an investment advisor and then moving into management roles at both public and private companies. During his career he has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. Mr. Cantore is President, CEO and Director of Amex Exploration Inc., a junior mining exploration company, primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province. Mr. Cantore serves on the boards of various companies both private and public.

Simon Marcotte, Director, President and Chief Executive Officer

Mr. Marcotte is a Chartered Financial Analyst (CFA) with over 20 years of experience with a focus on commodities, including more than 10 years in executive positions for junior mining companies. Mr. Marcotte co-founded Mason Graphite Inc. in 2012 and held the position of Vice-President of Corporate Development until February 2018. Under his leadership, Mason Graphite Inc. was awarded the TSX Venture recognition as top 10 performing stock in 2013, the best 50 OTCQX in 2016 and 2017, and was nominated for best investors relations in both 2016 and 2017. At the end of 2017, the company reached a peak market capitalization of $365 million, with approximately 35 institutional shareholders, uncommon for a junior mining company. Prior to 2012, Mr. Marcotte joined Verena Minerals Corp. in 2010, which was then renamed Belo Sun Mining Corp., as Vice-President Corporate Development, working alongside the President and Chief Executive Officer on all decision-making processes and helped develop and implement a turnaround strategy. Mr. Marcotte was also instrumental in raising approximately $100-million in capital for the company, resulting in an increase in market capitalization from $20-million to a peak of $400-million and a share price appreciation of more than 500 per cent over the same period. Mr. Marcotte has been involved with several other mining companies, either as an officer or a director, including with Alderon Iron Ore Corp between 2010 and 2013. Prior to his corporate involvement, Mr. Marcotte was working in senior positions in capital markets with CIBC World Markets, from 1998 to 2006, and with Sprott Securities Inc. and Cormark Securities Inc., from 2006 to 2010, where he also was a member of the board of directors. Mr. Marcotte currently acts as an independent consultant and is actively involved in merchant banking activities in the junior mining industry. Mr. Marcotte is a director of Freeman Gold Corp., which is advancing the Lemhi gold project in Idaho, United States. He is a CFA Charterholder and is a graduate from the University of Sherbrooke.

Jessica Whitton, Corporate Secretary

Ms. Whitton practices corporate and securities law and advises both public and private issuers. Ms. Whitton obtained a Bachelor of Arts (Honours) from Queen's University in 2014, a Bachelor of Laws from the University of Southampton in 2017, and her Certificate of Qualification from the Federation of Law Societies in 2018. Ms. Whitton was called to the Ontario bar in September 2019 and is a member of the Law Society of Ontario. Previously, Ms. Whitton served as Interim CEO of QcX Gold Corp. (formerly First Mexican Gold Corp.). Ms. Whitton currently serves as Corporate Secretary of QcX Gold Corp., Generic Gold Corp., Mindset Pharma Inc. and Ophir Gold Corp.

Frank Guillemette, Director

Mr. Guillemette is an entrepreneur specializing in business finance and venture capital with over 20 years' experience. Mr. Guillemette launched his career as an employee of Fonds Régional de Solidarité Nord-du-Québec where he was responsible for managing the company's regional mining portfolio and was accountable for the associated financial duties. In 2004, he founded 9148-5706 Quebec Inc., a private company operating as Multi-Ressources Boréal ("Multi-Resource Boreal") where he remains active in the management of exploration campaigns and mining land brokerage. Among other successfully executed gold property transactions are the Black Dog project (Formerly called Souart Project) that is located 15 km SW of Osisko Mining's Windfall flagship project and 105 km West of Philibert was sold to Osisko Mining in February 2016 ($1.6 million after the escrow period ended) and an option deal in 2008 on the Monster Lake Project located within 12 km of both Philibert and Nelligan project where TomaGold & IAMGOLD have since invested $10 million in exploration. He was also responsible for managing multi-million dollars exploration fieldworks on gold, base metals, rare earth and other commodities including phosphorus, iron and titanium projects. Mr. Guillemette has also been working for more than 4 years as a "representative of an exempt market dealer" for a Montreal-based exempt market dealer, EMD Financial Inc.

Kelly Malcolm, Director

Mr. Malcolm holds a Bachelor of Science Honours in geology and a Bachelor of Arts in economics, both from Laurentian University. Mr. Malcolm is a Professional Geologist with extensive experience focused on precious and base metal exploration. He specializes in the integration and interpretation of geological, geochemical, and geophysical data to guide exploration and development activities. He has worked in the mineral exploration industry for several junior explorers and mid-tier producers, and has acted as director, advisor, or management for several public and private mineral exploration companies. He also acts as an advisor to several Toronto-based finance firms.

Brad Humphrey, Director

Mr. Humphrey is the president, chief executive officer and a director of QMX Gold Corp. QMX Gold Corporation is a Canadian based resource company traded on the TSXV under the symbol "QMX", with strong shareholders, including Eldorado Gold Corp, Osisko Gold Royalties Ltd., and Probe Metals Inc. The Company is systematically exploring its extensive property position in the Val d'Or mining camp in the Abitibi District of Quebec. QMX Gold is currently drilling in the Val d'Or East portion of its land package focused on the Bonnefond Deposit and in the Bourlamaque Batholith. In addition to its extensive land package QMX Gold owns the strategically located Aurbel gold mill and tailings facility. Mr. Humphrey has over 20 years of international mining experience, predominantly as a precious metals analyst. Prior to joining QMX Gold, Mr. Humphrey worked for Morgan Stanley as an Executive Director and North American Precious Metals Analyst, where he was responsible for growing Morgan Stanley's North American Gold research coverage. Mr. Humphrey was also a Managing Director and Head of Mining Research at Raymond James and covered precious metal equities at CIBC World Markets and Merrill Lynch. Before starting his capital markets career, Mr. Humphrey held a variety of mining industry roles from Corporate Development to contract underground miner.

Principals

As a result of the Transaction, Mr. Guillemette became an "Insider" and a new "Control Person" (as that term is defined in the policies of the TSXV) of the Company. Prior to the completion of the Transaction, Mr. Guillemette did not beneficially own or control any securities of the Company. Upon completion of the Transaction, Mr. Guillemette beneficially owns and controls 58,542,510 common shares of Company representing approximately 24.7% of the issued and outstanding common shares of the Company, on a non-diluted basis. At the annual and special meeting of the Company's shareholders held on January 7, 2021, the disinterested shareholders of the Company approved the creation of a new control person, conditional upon completion of the Transaction.

Additional information regarding the timing of the trading resumption and the status of the Final Exchange Bulletin to be issued by the TSXV in respect of the Transaction will be provided in subsequent news releases of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS
"Simon Marcotte"
Simon Marcotte, President and Chief Executive Officer of Royal Fox Gold Inc.

For further information, please contact:

Simon Marcotte
President and Chief Executive Officer of Royal Fox Gold Inc.
Email: smarcotte@royalfoxgold.com
Website: www.royalfoxgold.com

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

Cautionary Note

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

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84804

Listed (TSX:LAM; ASX:LAM)

TORONTO, May 21, 2021 /CNW/ – Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) wishes to clarify some recent inquiries regarding an upcoming warrant expiry.

All of the holders of the $0.30 unit financing completed in June 2018 continue to hold a half warrant exercisable at a price of $0.45 per share until June 20, 2021. The warrant was one of two warrants exercised in connection with the financing (described as a "step-up" warrant), but market conditions during the tenure of the step-up period resulted in the second half of the $0.60 warrant expiring without any exercises by unit holders. Given improving market conditions and materially more favorable sentiment towards uranium equities in 2021, all of the warrants Laramide issued in connection with a series of private placement financings beginning in 2017 are now in the money and have begun to contribute to an improved financial picture for the Company.

The most recent quarterly financial disclosure for the first quarter ending March 31, 2021 shows a return to positive working capital and was assisted by warrant exercises of approximately $1.3 million. This trend has continued into Q2 with warrant exercises of a further $900,000 in the current quarter. In total, a further contribution of approximately $16.5 million would be forthcoming should all of the currently in the money warrants ultimately get exercised.

Following a challenging year in 2020 when COVID-19 severely restricted access to our property portfolio in both Australia and New Mexico, USA, the Company is pleased to announce work has resumed towards initiating field programs in both jurisdictions during the latter half of 2021. The approval process with regard to a resumption of exploration activities is currently ongoing, and well advanced, and Laramide plans to provide detailed descriptions of planned activities once the planning process is complete.

In response to the current recovery underway in the sector, Laramide Resources President and CEO Marc Henderson, commented: "Based on the level of interest and recent performance of uranium equities, the market seems to be signalling that the long 10-year bear market in our sector is finally in the rear-view mirror and better prospects lie ahead. While a uranium spot market price around $30/lb does not yet reflect consensus opinion that the price needs to move dramatically higher to address a looming mine supply deficit, it is important to keep in mind that previous transitions from bear to bull markets in the uranium sector had similar set-ups. Nuclear power generation remains one of the longest lead time endeavors that business undertakes, and price discovery changes in uranium, when they occur, tend to be rapid and sharp. It should also be noted that, following a 10-year period of relative indifference and disfavor, nuclear power is now gaining new adherents and acceptance, including prospective inclusion in ESG type investment mandates as governments and opinion leaders recognize that ambitious carbon emission reduction goals are unlikely to be achieved without nuclear power. An improving macro environment should continue to assist the market performance of uranium development equities like Laramide and we believe we are particularly well positioned to benefit given the large scale of our resource base and the geopolitically favorable locations of our assets."

To learn more about Laramide, please visit the Company's website at www.laramide.com.

About Laramide Resources:

Laramide is a Canadian-based company with diversified uranium assets strategically positioned in the United States and Australia that have been chosen for their low-cost production potential. Laramide's Churchrock and Crownpoint properties form a leading In-Situ Recovery (ISR) division that benefits from significant mineral resources and near-term development potential. Additional U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of Utah. The Company's Australian advanced stage Westmoreland is one of the largest uranium projects currently held by a junior mining company. Laramide is listed on the TSX: LAM and ASX: LAM.

Forward-looking Statements and Cautionary Language

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.

Actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits may be derived therefrom and accordingly, readers are cautioned not to place undue reliance on the forward-looking information.

SOURCE Laramide Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/May2021/21/c2689.html

VANCOUVER, British Columbia, May 21, 2021 (GLOBE NEWSWIRE) — Great Quest Fertilizer Ltd (TSXV:GQ) (“Great Quest” or “the Company”) is pleased to provide an update for shareholders on developments within the Company during the trading halt required by the Company’s change of business (“COB”) process. As announced on November 11, 2020, GQ has terminated the COB and will focus instead on the development of the Sanoukou Gold permit in Mali. The Company expects that its common shares will resume trading on the TSX Venture Exchange (“TSXV”) on May 26, 2021.

Given the duration that the Company’s common shares have been halted, the Company has provided the summary below for the benefit of its investors, highlighting the transactions and events that have occurred during the trading halt. Of particular importance, the Company will not be acquiring the shares of 1184700 BC Ltd nor will it be completing a concurrent financing. For more details regarding the termination of the COB, please see below under the heading “Summary and Clarifications of the Terminated Change of Business Transaction”.

Meeting Continued Listing Requirements

Great Quest has submitted an application to renew the key exploration permit for its Sanoukou Gold Project (“Sanoukou” or the “Project”) on February 5, 2021. The current permit for Sanoukou has expired. It was signed for an initial 3-year term plus extensions in November 2017 (see press released dated December 14, 2017) and is renewable for two additional 3-year terms to continue exploration and development at the site for up to 9 years inclusive of extensions. The time limit for examining the renewal request may not exceed 3 months from the date of filing of the request. In practice however, for various reasons including the travel of certain officials or certain unforeseen circumstances, this period may be extended by a few weeks.

Over the course of the second phase (2021-2024), future work will concentrate on a geophysical program with the goal of prospecting the areas between the continuous structures, and auger drilling of geophysical anomalies superimposed on geochemical anomalies. In the next three months, the Company will seek to raise capital for exploration at Sanoukou, and for the addition of new gold exploration properties by way of an equity capital raise. A minimum of C$150,000 is required to complete the work planned on the property over the next twelve months.

Sanoukou Gold Project

In view of renewed interest in gold and gold exploration, Great Quest will renew its focus on the Sanoukou Gold project in southwestern Mali. This is a promising property that has long been considered one of the premier targets along Mali’s Western Gold Belt. Significant high-quality exploration work has been done on the property and artisanal work completed in recent years has revealed evidence of extensive high-grade mineralization which indicates that there is potentially a substantive upside to past exploration.

In excess of US$3 million has been invested in exploration work at Sanoukou; highlights of that work include drill hole SN02, completed by Great Quest (3.4m of 3.2 g/t gold drilled in 2011), and RAB18 (3m at 5.0 g/t gold), RAB53 (19m of 2.6 g/t gold drilled in 2006 by SOMIFIM). Great Quest completed a review of the geology exposed by artisanal work in recent years which indicated that prior drilling may have missed the main structures (see press release dated July 28, 2010). Sampling of the artisanal workings has shown some very high-grade results with 34 samples grading between 0.6 g/t and 24.9 g/t gold (see press release dated September 30, 2013).

Mr. Diner (P.Geol.) has approved the contents of this News Release in relation to the Sanoukou Project. Jed Diner (M.Sc., P.Geol.) is a Qualified Person (QP) pursuant to NI 43-101.

Tilemsi Phosphate Project

Great Quest will continue to advance the phosphate project with the help of Akon Legacy Ventures and private equity partners, however, any newly raised capital and the majority of management attention will be directed towards the Company’s renewed focus on gold. This decision is in the best interests of the shareholders owing to investor perceptions regarding safety and the overwhelming market interest for gold in general and West African gold exploration, specifically. The efforts of international development agencies in the sphere of food security in Africa, combined with rising international phosphate prices, support the Company’s long-held position that the phosphate asset will ultimately realize its true value. Our financing effort will focus on private equity and development capital rather than on the public markets.

Summary and Clarifications of the Terminated Change of Business Transaction

On September 13, 2018, the Company announced it had entered into a non-binding agreement to acquire Ivorienne Noix de Cajou SARL (Ivory Coast Cashew Nut Corporation, “INC”). The primary asset of INC is a 12,000 tonnes per year cashew processing facility near the capital Abidjan, Ivory Coast, West Africa. The facility was slated to begin processing and shelling nuts in March 2019. Great Quest had agreed to pay US$3 million in consideration for INC, in two tranches, US$1 million on closing of the transaction and US$2 million on December 31, 2018. In return, Great Quest was expecting to receive a highly automated processing plant, 4,500 m² of warehouse space, on 6 ha of land in the Azaguié industrial corridor 44km from the Port of Abidjan. In addition, Great Quest was going to assume approximately US$9 million in bank debt, guaranteed by USAID. Upon closing of the transaction, Great Quest would own 80% of the project, 20% will be held by a local contributing partner, an experienced trader in agricultural products, also sourced locally.

On October 2, 2018, the Company announced that it had entered into arm’s length binding agreement, effective September 14, 2018, to acquire the issued shares of INC (the “COB Transaction”). The definitive agreement was subject to certain conditions precedent. The COB Transaction was an arm’s length acquisition of 100% of all the outstanding shares of INC for a total price of USD$3M (the “Acquisition Price”) and the assumption of INC’s debt. On closing, the Company would have to pay USD$1M to INC’s shareholders (the “Vendors”) and provide working capital of USD$1M to INC. On or before December 31, 2018, the Company would have been required to pay the balance of USD$2M to the Vendors. In addition, before closing of the COB Transaction, the Company was required to advance USD$110,000 to INC, which would have been secured by the assets of INC, in order to pay some outstanding debts of INC. The Company confirms the USD$110,000 advance was never paid by the Company.

On December 18, 2018, the Company announced that due to the timeline required for the regulatory approval process of the COB, it would not be able to close the COB Transaction on a timeline acceptable to the Vendors. The Company’s board of directors therefore decided to transfer the Company’s rights and obligations with respect to the COB Transaction to a private entity, 1184700 B.C. Ltd, wholly owned by Mr. Bruce McKean, who was at the time a director and shareholder of the Company and also holder of the three-year term convertible notes issued by the Company. The Company redeemed, pursuant to their terms, part of the convertible notes owned by Mr. McKean in the amount of $2,510,262, which funded the first payment by 1184700 B.C. Ltd (“Privco”) with respect to the closing of the acquisition of INC. Mr. McKean capitalized Privco using the cash he received from the Company from the convertible debenture redemption. Privco closed the acquisition of all of the shares of INC on November 8, 2018. The directors of Privco at the time of closing the transaction were Jed Richardson, current CEO and director of Great Quest, and David Shaw who is also a director of the Company. The operations of INC, which include the start-up operations of INC, were managed by the then management team of GQ under a management agreement between Privco and the Company. The management agreement included the provision to reimburse the Company for its costs in providing the services. A total of $318,555 was reimbursed by Privco to the Company. INC also engaged a local contractor to assist in the start up of the plant.

On November 21, 2019, the Company entered into a non-arm’s length binding agreement (the “Privco Definitive Agreement”) pursuant to which it proposed to acquire all of the issued and outstanding shares of Privco (the “Privco COB Transaction”). Privco at the time was the beneficial shareholder of 80% of the issued shares of INC. The remaining 20% was owned by an arm’s length local partner. The Privco COB Transaction would have constituted a “Change of Business” transaction pursuant to Policy 5.2 – Changes of Business and Reverse Takeovers of the TSXV.

The Privco Definitive Agreement was subject to, among other things, the approval of the TSXV and approval from a majority of disinterested shareholders of the Company. The Privco COB Transaction was not an Arm’s Length Transaction (as such term is defined in TSXV policies). Pursuant to the terms of the Privco Definitive Agreement, the Company had agreed to acquire the one outstanding share of Privco in consideration for one common share of the Company. It was a condition of closing that the Company enter into a debt settlement agreement with Mr. McKean pursuant to which the Company would concurrently issue to Mr. McKean 22,680,000 common shares of the Company (the “Debt Shares”) at a deemed price of $0.30/share to extinguish $6,804,000 debt owed by Privco to Mr. McKean (the “Debt Settlement Transaction”). The debt represents cash loans personally made by Mr. McKean to Privco to further the acquisition of INC and the development of INC’s business. Mr. McKean was also a director of the Company at the time the Privco Definitive Agreement was executed. Mr. McKean owned 5,443,300 common shares of the Company at such time. The issuance of the Debt Shares to Mr. McKean would have resulted in him owning a total of 28,123,301 common shares of the Company, representing approximately 22.31% of the then issued outstanding shares, thus creating a new Control Person under TSXV policies. The Company confirms that the Debt Shares were never issued to Mr. McKean.

On January 16, 2020, Bruce McKean resigned as a director of the Company and the management agreement between INC and Great Quest was terminated. As a result of the termination of the management agreement, Jed Richardson and David Shaw resigned from the board of directors of Privco. The deal was abandoned after unsuccessful attempts to complete a satisfactory audit, required by the TSX Venture exchange.

On November 4, 2020, the Company terminated the Privco COB Transaction pursuant to a (i) termination and mutual release agreement between Great Quest, Mr. McKean and Cajou Investment Holdings Inc. (“CIH”), (ii) loan forgiveness agreement between Great Quest, Mr. McKean and CIH (the “LFA”), and (iii) a share repurchase agreement, as amended, between Great Quest and Mr. McKean (the “SRA”).

As consideration for the termination, (i) and pursuant to the SRA, the Company will repurchase 5,000,000 of its common shares from Mr. McKean for a nominal $1, on the following schedule: (A) 3,113,488 shares have been repurchased and cancelled, and (B) 1,886,512 shall be repurchased and cancelled in thirteen months, and (ii) pursuant to the LFA, Mr. McKean and CIH grant the Company a full and final release from the outstanding remaining convertible debt (approximately $490,000) and any and all other amounts owing by the Company to the transaction counterparties (approximately $515,000). The Company’s board of directors undertook reasonable investigations and reviewed the alternatives in considering and applying their judgment to approve the termination of the Privco COB Transaction and the settlement terms. As part of these deliberations, the directors determined that the aforementioned transactions were fair and reasonable and in the best interests of the Company. The termination of the Privco COB Transaction and the transactions contemplated by the LFA and the SRA were subject to the approval of the TSXV and such approvals have now been obtained.

About Great Quest

Great Quest Fertilizer Ltd. is a Canadian mineral exploration company focused on the development of African gold projects. The Company’s flagship asset is the Sanoukou Gold Project, encompassing 24 km² located in the Kayes region to the West of Mali and developing the Tilemsi Phosphate Project a 1,206 km² parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.

ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST FERTILIZER LTD.

“Jed Richardson”
President, Chief Executive Officer and Director

For more information:

Please contact Jed Richardson by email at info@greatquest.com

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

This news release may contain forward-looking statements. These statements include statements regarding the resumption of trading of the Company’s shares and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

Shareholders will probably not be disappointed by the robust results at Energy Metals Limited (ASX:EME) recently and they will be keeping this in mind as they go into the AGM on 28 May 2021. They will probably be more interested in hearing the board discuss future initiatives to further improve the business as they vote on resolutions such as executive remuneration. We have prepared some analysis below and we show why we think CEO compensation looks decent with even the possibility for a raise.

See our latest analysis for Energy Metals

How Does Total Compensation For Shuqing Xiao Compare With Other Companies In The Industry?

Our data indicates that Energy Metals Limited has a market capitalization of AU$43m, and total annual CEO compensation was reported as AU$194k for the year to December 2020. This was the same as last year. In particular, the salary of AU$180.0k, makes up a huge portion of the total compensation being paid to the CEO.

For comparison, other companies in the industry with market capitalizations below AU$257m, reported a median total CEO compensation of AU$325k. In other words, Energy Metals pays its CEO lower than the industry median.

Speaking on an industry level, nearly 68% of total compensation represents salary, while the remainder of 32% is other remuneration. Energy Metals pays out 93% of remuneration in the form of a salary, significantly higher than the industry average. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

A Look at Energy Metals Limited's Growth Numbers

Energy Metals Limited has seen its earnings per share (EPS) increase by 3.6% a year over the past three years. Its revenue is down 18% over the previous year.

We generally like to see a little revenue growth, but it is good to see a modest EPS growth at least. These two metrics are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has Energy Metals Limited Been A Good Investment?

Most shareholders would probably be pleased with Energy Metals Limited for providing a total return of 86% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary…

Overall, the company hasn't done too poorly performance-wise, but we would like to see some improvement. If it manages to keep up the current streak, CEO remuneration could well be one of shareholders' least concerns. Rather, investors would more likely want to engage on discussions related to key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. That's why we did our research, and identified 3 warning signs for Energy Metals (of which 1 doesn't sit too well with us!) that you should know about in order to have a holistic understanding of the stock.

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

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

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

KELOWNA, BC, May 21, 2021 /CNW/ – Cantex Mine Development Corp. (TSXV: CD) (the "Company") announces that Mr Thomas Obradovich has resigned as a director of the Company effective May 18, 2021, due to other commitments that require his attention.

The Company wishes to thank Mr. Obradovich for his service.

SOURCE Cantex Mine Development Corp.

View original content: http://www.newswire.ca/en/releases/archive/May2021/21/c2563.html