Rare Earth Archives - Page 24 of 41

VANCOUVER, BC / ACCESSWIRE / May 19, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to report Phase 1 diamond drilling began May 12 at the Virgin Target area, part of a three phase drill program on the Company's wholly owned 586 square kilometer Klondike District Property near Dawson City, Yukon Territory.

Program Highlights:

2021 exploration/resource drilling program of approximately 6,500 meters will be distributed over three phases and test multiple target areas
Phase 1 exploration drilling is underway and focuses on discovering bedrock sources of gold at the historic the Virgin/Lindow Target areas
Phase 2 drilling at the Lone Star Zone to begin shortly focuses on outlining a maiden resource
Phase 3 drilling to focus on expanding the discovery at the Stander Zone

Peter Tallman, Klondike Gold's CEO stated, "The primary objective of the 2021 exploration season is to expand known mineralized zones to advance a maiden resource at Lone Star. Additionally we have identified and will test significant new drill targets within the District that could rapidly open up the possibilities for additional discoveries. Our full crew complement is in the field and work is moving along smoothly".

Phase 1 diamond drilling is underway testing the Virgin and Lindow Target areas along Bear Creek, one of the significant placer gold producing creeks during the Klondike gold rush, located 10 km north of the Lone Star and Stander Zones and 6 km from the Company's Dawson City office. (See News Release dated May 4 for target details). The Phase 1 program now includes three holes to test the Virgin Target and at least two holes to test the Lindow Target. A follow up drill program to further test Bear Creek targets is scheduled for September contingent upon positive results.

Phase 2 drilling work at the Lone Star Zone, expected to be the main focus of the Company's 2021 field activity, will follow completion of Phase 1. Phase 2 drill holes will test for parallel gold-bearing structures as imbricate repeats of the Bonanza fault which hosts the Lone Star gold zone as an attempt to significantly expand the ‘footprint' of gold mineralization. Phase 2 drilling will also include infill and step-out expansion tests of the main Lone Star Zone for inclusion in a planned 2022 mineral resource estimate. Deeper tests beneath the shallow drilling that has so far defined the Lone Star Zone are also planned as an attempt to follow gold mineralization to depth.

Phase 3 drilling at the Stander Zone is planned to test for lateral expansions of gold mineralization and to infill between gold mineralized intersections for possible inclusion in a planned 2022 mineral resource estimate.

Figure 1: Planned 2021 Drilling Targets (red stars) including Virgin/Lindow Target, Lone Star Zone and Stander Zone.

QUALIFIED PERSONS REVIEW

The technical and scientific information contained within this news release has been reviewed and approved by Ian Perry, P.Geo., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as defined by National Instrument 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.

COVID-19 UPDATE

Klondike Gold continues to take proactive measures to protect the health and safety of our local host community, our contractors and our employees from COVID 19 and exploration activities in 2021 will have additional safety measures in place, following and exceeding all the recommendations made by the Yukon's Chief Medical Officer. Additionally, the Company has received Yukon government approval for our 2021 Alternate Isolation Plan ("AIP") which mandates protocols and stringent isolation safety measures permitting essential personnel to transit to/from Yukon.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Disclaimer for Forward-Looking Information

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

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

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/648089/Klondike-Gold-2021-Diamond-Drilling-Begins

Val-d'Or, Québec–(Newsfile Corp. – May 18, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") is pleased to announce that it continues to build its royalty presence throughout the Malartic mining region in Québec. The Company has entered into two agreements with Eagle Ridge Mining Ltd. ("Eagle Ridge", formerly Tamarack Gold Resources Inc.) involving royalties located south of the Canadian Malartic Mine (the "Malartic South Property") (Fig. 1 and 2). The first agreement amends a previous royalty, increasing Abitibi Royalties' interest in the Malartic South Property from a 2% to 3% NSR ("Net Smelter Royalties") on certain claims (see press release dated May 28, 2020). The second agreement expands Abitibi Royalties' NSR to the south with a new 2.5% royalty and 15% of any gross proceeds (cash and shares) should the property be sold or joint ventured. The purchase price paid by the Company totals CDN$26,500, which will be paid in cash.

The Malartic South Property is owned and operated by Eagle Ridge, a private company. The royalties were acquired due to the project's location, favourable geology and the increasing exploration activity in the area. The Company believes that the Malartic region, even with its long history of mining, represents one of the most exciting areas in Canada for exploration due to the discoveries being made at the Odyssey Underground Project.

Eagle Ridge is planning to conduct field-sampling programs and complete a technical report during 2021. The project is believed to have gold and base metal potential based on historical data from the area.

Eagle Ridge is actively looking for partners in order to advance the Malartic South Property. Parties that might be interested in purchasing or optioning the Malartic South Property should contact Eagle Ridge at (416) 303-6684.

About Abitibi Royalties

Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or, Québec. In addition, the Company is building a portfolio of royalties on early-stage properties near producing mines and generating mineral projects for option or sale. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares.

QUALIFIED PERSON

Glenn Mullan, Chairman, is the Qualified Person (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) who has reviewed and approved this news release.

For additional information, please contact:

Shanda Kilborn – Director, Corporate Development
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

Forward Looking Statements:

This news release contains certain statements that may be deemed "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. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Figure 1. New Royalties South of Canadian Malartic Mine

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3322/84398_9b94fec3844f8a7c_002full.jpg

Figure 2. Aerial View from the Malartic South Property

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3322/84398_9b94fec3844f8a7c_003full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84398

(Bloomberg) — Over the past decade, 43 million tons of copper have been mined but never processed. Instead the metal lies trapped in giant piles of waste rock next to dozens of mines from Chile to Australia.

That lost copper — too difficult to extract using conventional mining methods — could ease a looming shortage of the metal that’s sent prices to the highest on record. Startup Jetti Resources said it has the technology to release that stranded metal, which is set to grow more than fivefold by 2050, according to CRU Group. That’s the equivalent of more than a decade’s worth of mine supply and worth $2.4 trillion at current prices.

“It’s a linchpin for unlocking a wasted resource base and converting it into reserves we can use,” said Mike Outwin, chief executive officer and founder of Jetti Resources. “That’s why this problem has been called the holy grail.”

Investors have been piling into copper as global stimulus spurs demand and longer-term projections show supply won’t match the surge in consumption from the green-energy transition. With few new mines being developed, both Trafigura Group, the world’s top copper trader, and Goldman Sachs Group Inc. say prices could hit $15,000 a ton in the coming years.

Jetti, which commissioned the CRU study, said it’s in talks with some of the world’s biggest miners about applying its technology. The company’s board includes former BHP Group CEO Chip Goodyear as well as a former Xstrata Plc CFO and ex-copper heads from Anglo American Plc and Rio Tinto Group.

The Boulder, Colorado-based company has developed a catalyst that can liberate copper from low-grade chalcopyrite ores — which can have a metal content of well below 1% — by disrupting the sulfur metal bond of the mineral. Traditional leaching methods, which dissolve the metal to form a weak solution of copper sulphate, lead to a film forming over the copper in these ores, preventing it from being extracted.

The new process can be bolted on to existing plants and increase production by 20% to 100% depending on the type of operation, according to Jetti.

The company installed its first commercial plant last year at a mine in Arizona run by Capstone Mining Corp. Capstone says that by processing millions of tons of waste rock, it hopes to produce an additional 350 million pounds of copper — worth more than $1.6 billion at current prices — in the next two decades.

Jetti has a pipeline of 23 projects at various stages, including five pilots and three operations that it’s looking to transition to commercial status in the next year or so. By the middle of the decade, its plants could start having a material impact on global copper supply.

“We’re just emerging from our early commercial phase into a growth phase,” said Outwin. “The big chunky part of our pipeline, when we start spending money with our partners, will be in 2023 and 2024, and at that stage there will be a material amount of copper being delivered from those operations.”

Processing millions of tons of copper that’s already been mined will extend the life of existing mines and allow new projects to process lower quality ore from the start.

Still, while Jetti’s innovation could extract millions of tons of copper over the next three decades, it won’t revolutionize production in the way new technologies did with shale or even nickel. Instead, it will help fill the looming supply gap.

“We’re unlocking a colossal, stranded resource, but we’re not going to be doing it in an incredibly short period of time that swamps the industry with excessive production or at a dramatically lower cost than is currently done,” said Outwin.

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TORONTO, May 18, 2021 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced the release of its integrated annual and sustainability report (“Annual Sustainability Report”). The Annual Sustainability Report provides transparency and progress on key accomplishments and initiatives in 2020. Hudbay believes that continuously improving how the company manages the social, environmental and economic risks, impacts and opportunities associated with its activities is critical for the company’s long-term success.

Hudbay’s 2020 Annual Sustainability Report disclosures were mapped to the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) Metals & Mining industry standard and the Task Force on Climate-related Financial Disclosures (TCFD). Hudbay also provides disclosure through the CDP Climate, Water, and Forests questionnaires.
To inform Hudbay’s sustainability programs and improve its performance, the company applies and voluntarily supports several international best practice standards, including ISO 14001, ISO 45001, ISO 9001, Towards Sustainable Mining, the Voluntary Principles on Security and Human Rights and International Finance Corporation (IFC) Performance Standards.
As a member of the Mining Association of Canada, Hudbay implements the Towards Sustainable Mining (TSM) Protocols at all of its operations, with the goal to maintain a score of “A” or higher for all protocols. The implementation of the TSM Tailings protocol and the company’s commitment to ensuring that its Tailings Storage Facilities are constructed following the Canadian Dam Safety Guidelines represents substantial alignment to the new Global Tailings Standard released in 2020.
Over 50% of Hudbay’s total energy consumption in 2020 was from renewable sources. All electricity at Hudbay’s operations is supplied by third parties via regional grids. Nearly all of the electricity produced in Manitoba is through renewable hydropower and, in Peru, over 50% is from renewable sources.
Constancia continued its leading safety track record among Peruvian copper mines and was the first mine in Peru to obtain the SafeGuard certification, recognizing full compliance with all COVID-19 safety protocols.
Manitoba achieved its annual safety targets and continuous operations in an environment of enhanced COVID-19 safety protocols and controls, while working closely with the local health authorities.
Hudbay recognizes the opportunity that the mining industry has to positively contribute to the 17 UN Sustainable Development Goals (SDGs) that are a part of the UN’s 2030 Agenda for Sustainable Development.
At the end of 2020, Hudbay established a Diversity and Inclusion Committee composed of employees at the corporate office. The committee will advise management on diversity, inclusion and equity topics and ideas, and help further our values and commitments, including those outlined in the company’s commitment to the BlackNorth CEO Pledge.
In terms of gender diversity, Hudbay supports the Catalyst Accord 2022 and the 30% Club, both of which call for the advancement of women in business, and the Board has adopted a stand-alone Diversity Policy that includes a target for the company to have at least 30% women directors.

“In 2020, like the rest of the world, Hudbay was confronted by the challenge of COVID-19. Thanks to the dedication of the many people across our organization, we were able to meet that challenge successfully and protect the well-being of our employees and communities while continuing our operations,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “Against a background of challenging political situations, we acknowledged the imperative of addressing climate change, and a renewed expectation that businesses must contribute to building a more inclusive society. While our Annual Sustainability Report focuses on what we achieved in 2020, I see these accomplishments as the foundation for long-term growth and exceptional results.”

Details of the company’s annual and sustainability results can be found on Hudbay’s website at: https://hudbayminerals.com/disclosure-centre/default.aspx and the full Annual Sustainability Report can be downloaded here.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this news release, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “budget”, “guidance”, “scheduled”, “estimates”, “forecasts”, “strategy”, “target”, “intends”, “objective”, “goal”, “understands”, “anticipates” and “believes” (and variations of these or similar words) and statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” “occur” or “be achieved” or “will be taken” (and variations of these or similar expressions). All of the forward-looking information in this news release is qualified by this cautionary note. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information are described under the heading “Risk Factors” in our most recent annual information form for the year ended December 31, 2020 and our management’s discussion and analysis for the three months ended March 31, 2021. Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, you should not place undue reliance on forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.

About Hudbay

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.

For investor and media inquiries, please contact:

Candace Brûlé
Director, Investor Relations
(416) 814-4387
candace.brule@hudbay.com

Alliance Resource Partners, L.P. (ARLP) shares ended the last trading session 6.1% higher at $6.49. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5% gain over the past four weeks.

Alliance Resource Partners’ first-quarter earnings per unit were better than expected. The firm is benefiting from improving operational efficiency, which in turn is reducing operating expenses. Buying activity from domestic and international customers has enabled the company to secure new commitments for the delivery of nearly 5.4 million tons through 2023.

The firm is gaining from high oil, natural gas and natural gas liquids prices in the United States and greater-than-anticipated sales volumes have boosted performance of its Oil and Gas Royalties segment.

Price and Consensus

This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +151.4%. Revenues are expected to be $375.1 million, up 47% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Alliance Resource Partners, L.P., the consensus EPS estimate for the quarter has been revised 11.8% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on ARLP going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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To read this article on Zacks.com click here.

Calgary, Alberta–(Newsfile Corp. – May 18, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to provide an update on the status of its permit application at its Record Ridge magnesium deposit located at Rossland, British Columbia ("Record Ridge" or the "Project") and on the progress and development of its proprietary metallurgical process to "Stage-2 PFS" by successfully conducting additional laboratory test work (the "Testing Project") at the facility (the "KPM Facility") owned and operated by Kingston Process Metallurgy Inc. ("KPM"). The Testing Project has been supported in part by advisory services and research and development funding from the National Research Council of Canada Industrial Research Assistance Program (the "NRC IRAP").

Record Ridge Mining Permit

The Company initially retained Greenwood Environmental Inc. and SRK Consulting (Canada) Inc. (together, the "Consultants") in 2019 to be co-lead consultants in pursuit of the industrial mineral mine permit (the "Permit") at Record Ridge. The Consultants assisted the Company in the submission of its Permit to the (then) British Columbia Ministry of Mines (the "Ministry") in February 2019. For Permits such as the one submitted by the Company, the Ministry has established a multi-step permit review process where major issues are identified upfront, followed by a detailed review. In 2019, the Consultants successfully completed a baseline and environmental study (the "Study") in response to a request from the Ministry. The results of the Study showed no major baseline or environmental issues at Record Ridge, thus satisfying the Ministry's initial permit review threshold. Subsequent review steps by the Ministry will focus on the details of the Project's environmental monitoring and management.

Further work on securing the Permit was put on hold by the Company in 2020 due to financial challenges attributed mainly to the COVID-19 pandemic. After having recently secured the necessary financing to cover the remainder of the Permit costs, West High Yield recently re-engaged the Consultants to resume their work on the Permit application process. The Company is currently in the third and final review stage mandated by the Ministry, such stage expected to require six to nine months to be completed and to obtain Ministry approval.

Metallurgical Process Development

Previous work in respect of the Testing Project was done in 2019 by KPM resulting in the completed "Stage-1 PFS", and demonstrated that the ore from Record Ridge can be successfully leached using proprietary hydrochloric acid ("HCl") leaching and that the resultant magnesium chloride (MgCl₂) solution can be purified using standard hydrometallurgical techniques to >99 wt% MgCl₂. It was concluded that this solution would be suitable to produce saleable high purity (>99%) magnesium oxide ("MgO") and magnesium hydroxide ("Mg(OH)₂") products.

The Company re-engaged KPM in January 2021 to conduct "Stage-2 PFS" with the objective of continuing process development on the pathway to commercialization by performing a set of laboratory scale experimental test work to validate the designed flowsheet for production of high purity MgO and Mg(OH)₂ products and saleable by-products including nickel chloride ("NiCl₂"), nickel oxide ("NiO"), iron oxide ("Fe2O₃") and silica ("SiO₂"). The "Stage-2 PFS" phase of the Testing Project was supported in part by advisory services and research and development funding from the NRC IRAP.

On April 28, 2021, KPM reported successful test work results that validated the chemistry and process conditions proposed to produce high purity MgO main product, and nickel oxide, iron oxide and silica by-products. A technical grade >98wt% pure MgO as well as high grade, >99% MgO were achieved by the proposed 'static' roasting-washing-calcination process. Final results are expected shortly for the spray roasting process that was successfully tested.

High purity SiO₂ was produced as by-product using chemical treatment of the initial leach residue. Fe solid residue was obtained in the Fe/Ni recovery section using pyrohydrolysis process from the solid filter cake obtained from magnesium chloride purification stream. This was further calcined to produce pure Fe₂O₃ by-product. Intermediate iron hydroxide FeO(OH) was obtained, which could also prove to be a valuable by-product. Finally, nickel chloride and oxide were also obtained in the subsequent tests. A preliminary commercial scale flowsheet and mass and energy balance were prepared based on the test results.

KPM recommended that the project proceed to the next stage that would include further test-work to study and optimize the various nickel, silica and iron by-products, followed by a techno-economic evaluation and preliminary engineering design and costing work as part of the prefeasibility study required ahead of a pilot demonstration of the process.

All of the aforementioned process work to date directionally demonstrates that the proprietary process has the potential to extract the highest purity products, with the highest yields, for the lowest comparable cost, with minimal environmental impact.

Statement from the Company

"We are very optimistic and excited with the progress that the Company is making in advancing the Record Ridge deposit through the pursuit of the mining permitting process, which has reached its final stage, and through further advancing our proprietary process development, having recently successfully finished Stage-2 PFS. We are also extremely pleased to have support from NRC IRAP for this project. As the Company advances to these critical stages of the Project, it is becoming increasingly aware of the value of the many years of continuous geological, environmental and processing works that have been completed at Record Ridge. West High Yield is very thankful for the dedication of its team and its partners to advance this important work in a current uncertain environment. The Company's recent financings put it in a strong position to continue to move Record Ridge forward toward finishing critical de-risking milestones," said Frank Marasco Jr., West High Yield's Chief Executive Officer and President.

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/84389

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

VANCOUVER, BC, May 18, 2021 /CNW/ – Finlay Minerals Ltd. (TSXV: FYL) ("Finlay" or the "Company") announces that the 2021 exploration field program will commence immediately on the newly discovered Equity East anomaly on its Silver Hope Property.

The focus of the field program will be on the newly discovered Equity East Zone: a multi-element, 3 kilometer (km) long (and open-ended) soil anomaly, immediately down-ice from a 5km long ZTEM airborne geophysical anomaly.

This Equity East soil – ZTEM feature is parallel to the MAIN – Equity Silver Mine trend which is 5km to the west and which hosted the historical Equity Silver open pit and underground mines (32.63M tonnes milled which produced 71.36 million oz. of silver (Ag), 508,000 oz. of gold (Au), and 185.4 million lbs. of copper (Cu) *), now owned by Newmont Corp, and Finlay's MAIN Trend mineralization. (CLICK HERE to view the map of the area of work on the Silver Hope Property).

The primary focus at the Equity East will be a reconnaissance induced polarization (IP) ground geophysical survey (16 line-km) to determine if the mineralization of the soil anomaly is related to the ZTEM feature. The soil grid will be expanded, and a detailed program of geological mapping and prospecting will be conducted.

Exploration is targeting both structurally related replacement, Equity Silver type Ag-Au-Cu mineralization (+100M oz. silver equivalent (AgEq), as well as Cu-Au-Mo-Ag porphyry intrusions) with the goal of generating drill targets.

Qualified Person:

Robert Brown, P. Eng., a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia. The Company's properties are:

the Silver Hope Property, which surrounds the former Equity Silver Mine, includes:

1) the Equity East discovery of 2020,

2) the porphyry copper-molybdenum mineralization discovered in 2010, and

3) three silver-copper mineralized zones, in a contiguous trend with the mined-out deposits of the former Equity Silver Mine (71.36 million oz. silver, 185.4 million lbs. copper and 508,000 oz. gold); *Reference: http://minfile.gov.bc.ca/Summary.aspx?minfilno=093L++001;
the ATTY Property which is contiguous to the north side of the Kemess East deposit and next to the Kemess Underground deposit of Centerra Gold Inc., and
the PIL Property, which is next to Sable Resource's Baker Mine, has nine known mineralized zones including the recently discovered and expanded Pillar East gold-silver structural system. The Company is focused on the discovery of Cu-Au-Mo porphyry systems on the PIL Property.

Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange. For further information and details please visit the Company's website at www.finlayminerals.com.

On behalf of the Board of Directors,

Robert F. Brown, P. Eng.,
CEO & President

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Company's Silver Hope Property. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE Finlay Minerals Ltd.

Cision

View original content: http://www.newswire.ca/en/releases/archive/May2021/18/c8721.html

VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces closing of a non-brokered private placement (the “Placement”) of 7,900,000 units (the Units”) at a price of $0.10 per Unit for total gross proceeds $790,000, effective May 17, 2021. The Placement was initially announced for $500,000 and subsequently increased to $750,000 through news releases on April 27 and May 11, 2021. The closing of the Placement is subject to final acceptance by the TSX Venture Exchange. The securities issuable in connection with the Placement are subject to a hold period expiring four months and one day after the date of issuance. A finder’s fee of 6% for $5,700 is payable on part of the proceeds of the Placement. The proceeds will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.

Each Unit will consist of one common share of the Company and one half of one non-transferable share purchase warrant. Each whole warrant (a “Warrant”) will be exercisable to purchase one additional common share of the Company at a price of $0.15 during the first year, increasing to $0.20 in year two following the closing of the offering. If, commencing after the fourth month after closing, the closing price of the Company’s shares exceeds $0.25 per share for a period of 20 consecutive trading days (the “Acceleration Trigger Date”), the Company will have the right to accelerate the expiry date of the Warrants to 30 days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration within three trading days of the Acceleration Trigger Date.

In accordance with the Company’s Stock Option Plan, the Company has granted 1,900,000 incentive stock options to Directors, Officers, Consultants and Employees. The options are exercisable at a price of $0.15 and valid for five years from the date of grant. The options are being granted as part of the Company’s annual review of outstanding stock options under its Stock Option Plan.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.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.

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

Vancouver, British Columbia–(Newsfile Corp. – May 18, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to report results for the quarter ended March 31, 2021 ("Q1-2021"). The Company's filings for the quarter are available on SEDAR at www.sedar.com, on the U.S. Securities and Exchange Commission's website at www.sec.gov, and on EMX's website at www.EMXroyalty.com. Financial results were prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board.

HIGHLIGHTS FOR Q1-2021

Financial Update

All dollar amounts in this news release are Canadian dollars (CDN) unless otherwise noted.

EMX ended the three-month period at March 31, 2021 with a balance sheet including cash and cash equivalents of $49,200,000, investments, strategic investments, receivables, and loans receivable valued at $24,197,000, and no debt.

EMX had revenue of $1,298,000 which includes royalty income, other property income including income from the sale or option of property interests and management fees, and interest and dividends earned on cash and investment balances. Included in revenues was royalty income of $392,000 and $398,000 for the fair value of equity positions received on the sale and option of property interests. Revenues for Q1-2021 increased compared to Q1-2020 with an increase in option and other property income, and dividend income offset by a decrease in interest income.

Royalty generation costs totaled $4,027,000 of which the Company recovered $2,740,000 from partners.

General and administrative expenses totaled $1,851,000 which includes $985,000 in salaries and consultants, $274,000 in administrative costs, $213,000 in professional fees, $187,000 in transfer agent and filing fees, $20,000 in travel, and $172,000 in investor relations costs. General and administrative costs can fluctuate from period to period depending on activity and timing of comparable costs.

For the quarter, the Company had a net loss from operations of $2,648,000 including $255,000 in depletion and depreciation costs, and $542,000 in share-based compensation. Other items affecting net loss and financial results in Q1-2021 include a realized gain of $441,000 on the sale of marketable securities, the Company's share of income in an associated entity of $221,000, a fair value loss on investments of $1,321,000, and a foreign exchange adjustment of $1,117,000. The foreign exchange adjustment was a direct result of holding USD cash and net assets denominated in USD.

Operational Update

EMX's royalty and mineral property portfolio totals over 200 projects on five continents. The following discussion summarizes the work conducted in Q1-2021, as well as subsequent events, by the Company and its partners.

In North America, EMX received provisional payments of approximately US$210,000 from the sale of 120 gold ounces produced at the Leeville royalty property in Nevada's Northern Carlin Trend. At the Gold Bar South royalty property in Nevada, operator McEwen Mining disclosed first time open pit constrained reserves as part its Gold Bar Mine feasibility study. On the royalty generation front, EMX optioned one gold project in Idaho, and six copper projects in Arizona, New Mexico, and Utah. As partnered properties were advanced, the Company's royalty generation programs added new gold and copper projects to the portfolio by staking open ground.

EMX's royalty and mineral asset portfolio in key mining districts of Ontario and Quebec, including the Red Lake camp, generated $168,000 in cash and fair value equity payments.

EMX filed a Technical Report titled "NI 43-101 Technical Report – Timok Copper-Gold Project Royalty, Serbia" authored by Mineral Resource Management LLC on SEDAR in Q1-2021. Timok operator Zijin Mining Group Co. Ltd. continued on pace with development of the Upper Zone copper-gold project which is covered by an EMX 0.5% NSR royalty.

In Fennoscandia, the Company optioned six precious and battery metals projects for share equity, advance royalty payments, and NSR royalty interests to EMX's benefit. The Company also executed a definitive agreement with Gold Line Resources and Agnico Eagle, by which Gold Line can acquire a 100% interest in Agnico's Oijärvi gold project in Finland and the Solvik gold project in Sweden for staged cash payments as well as shares of Gold Line and shares of EMX. Agnico will retain a 2% NSR royalty on the projects, 1% (half) of which may be purchased by EMX for US$1,000,000, with EMX receiving additional share and cash payments from Gold Line as reimbursement for the EMX shares issued to Agnico. As these new deals were consummated, partner companies continued to advance EMX's royalty properties, which included encouraging results from Norden's drill programs at the Gumsberg VMS project in Sweden's Bergslagen mining district.

EMX is a leading explorer and holder of mineral rights in Fennoscandia, and in Q1-2021 further bolstered the portfolio by adding 37,500 hectares of mineral exploration permits covering the zinc-lead-copper-silver-gold occurrences and historical mines of the Mo-i-Rana district in central Norway.

In Australia, the Company received the grant of an exploration permit in the Mt Steadman region, and subsequently expanded the land positions at the Yarrol and Mt Steadman gold projects through the acquisition of additional permits from a third party which cover multiple historical drill defined zones of mineralization. Both projects are located in the goldfields of central-Queensland and are available for partnership.

In Turkey, EMX was advised by the operator of the Balya lead-zinc-silver royalty property that ongoing development and resource delineation programs are expected to generate initial production royalties later in 2021.

During Q1-2021, the Company increased its equity interest to 24.97% in Rawhide Acquisition Holding LLC ("RAH") by making an additional investment of US$1.25 million. RAH is a privately-held Delaware company that owns the Rawhide gold-silver mining operation in Nevada. RAH advised EMX that 5,829 ounces of gold and 51,330 ounces of silver were sold during the quarter at average prices of US$1,830/oz gold and US$26.58/oz silver. This yielded US$12.0 million in total revenue, which after costs and deductions, resulted in a net loss before tax to RAH. A portion of EMX's recent investment is being utilized to conduct a) cost efficient drill programs to delineate additional gold-silver mineralization, b) field work to identify district scale exploration opportunities, and c) drilling, sampling, and metallurgical test programs to characterize historical open pit back fill material as potential sources of mineralized material for processing.

Corporate Update

EMX is diligently monitoring developments regarding the novel coronavirus pandemic ("COVID-19"), with a focus on the jurisdictions in which the Company operates. EMX has implemented COVID-19 prevention, monitoring and response plans following the guidelines of international agencies and the governments and regulatory agencies of each country in which it operates.

EMX's priority is to safeguard the health and safety of its personnel and host communities, support government actions to slow the spread of COVID-19 and assess and mitigate the risks to business continuity. Although restrictions remain in place for many jurisdictions where the Company operates (e.g., travel restrictions, etc.), EMX's field programs are up-and-running with in-country based staff.

OUTLOOK

EMX ended Q1-2021 with $49.2 million in cash, $13.2 million in tradable securities, $5.9 million in private company equity, and $4.3 million in strategic investments. The Company is off to a great start this year with four new partners, optioning six nickel-copper-PGE-cobalt projects in Scandinavia, two Arizona copper projects and one Idaho gold project, and one copper project in Utah, to privately held companies. These transactions provide EMX with unique upside opportunities. Besides the immediate benefit to EMX of cash payments and equity stakes in our partners, there is the optionality of exploration discoveries and retained royalty interests, as well as the commercial upside if any one of these partners proceed with an IPO founded upon a core of assets provided by EMX. Success cases of this approach include Ridgeline Minerals with the Swift and Selena Carlin-type deposits in Nevada, which are now EMX royalty properties, and Gold Line Resources with a portfolio of gold projects in Sweden covered by EMX royalty interests.

Our recent cooperation with Gold Line on the Oijarvi and Solvik transaction with Agnico further highlights the excellent working relationships EMX strives to foster with its partners. In this case, EMX identified the Agnico opportunities, brought them to Gold Line, and facilitated a deal whereby Gold Line will acquire the two gold properties with EMX receiving additional equity interest in GLDL and cash payments, as well as retaining the option to acquire a royalty interest in the projects. This is a win-win-win outcome for the three parties involved.

Also in Q1-2021, three copper projects (two in Arizona and one in New Mexico) were optioned to our long standing RSA partner South32. South32 has been a solid and supportive partner, and the recent renewal of the copper RSA covering exploration for the years 2021-2022 is a strong vote of confidence. EMX is well positioned for a copper discovery in the southwestern U.S. with backing from an industry major, and programs focused on innovative exploration approaches, field work, and drill testing.

As projects are being partnered, the Company's royalty generation teams continue to organically grow the portfolio by acquiring new precious, base, and battery metals properties in Fennoscandia, the western U.S., and Australia. As a subsequent event, the Company's quick actions to seize an opportunity led to the acquisition of a 37,500 hectare position covering the historical mines, deposits, and prospects of the Mo-i-Rana polymetallic district in central Norway. In Australia, EMX expanded its property positions in the goldfields of Queensland at the Yarrol and Mt Steadman projects to cover historical mining operations and drill defined gold deposits. EMX's new royalty generation properties provide fresh opportunities to an industry eager for quality projects during a rising bull market in commodities.

Yet success in exploration, development, and mining is a long game, and prudently building a royalty portfolio is a process that takes time. But EMX is in a position to ultimately realize the returns from more than 17 years of staying power. The Timok royalty property, which is on schedule to commence initial production mid-2021, and the Balya royalty property, which is advancing to production later this year, are examples of long held royalty assets that are poised to pay off for the Company. Meanwhile Leeville continues to pay a royalty 'dividend' to EMX as Nevada Gold Mines invests in and advances the property's exploration and development potential.

EMX's Q1-2021 progress and achievements are a testament to the hard work and perseverance of our first class team of professionals. We are optimistic of our opportunities in 2021, and enthusiastic to earn our way to success over the course of the year.

QUALIFIED PERSONS

Michael P. Sheehan, CPG, a Qualified Person as defined by NI 43-101 and employee of the Company, has reviewed, verified and approved the above technical disclosure on the United States, Canada, South America, and Strategic Investments. Eric P. Jensen, CPG, a Qualified Person as defined by NI 43-101 and employee of the Company, has reviewed, verified and approved the above technical disclosure on Serbia, Fennoscandia, Turkey, and Australia.

About EMX. EMX is a precious, base, and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and the TSX Venture Exchange under the symbol EMX. See www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
IBelger@EMXroyalty.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.

Forward-Looking Statements

This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended March 31, 2021 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84396

Phoenix, Arizona–(Newsfile Corp. – May 18, 2021) – The Stock Day Podcast welcomed Lomiko Metals Inc. (OTCQB: LMRMF) ("the Company"), a company that has discovered high-grade graphite at its La Loutre Property in Quebec and is now working towards a Pre-Economic Assessment. CEO of the Company, A. Paul Gill, joined Stock Day host Everett Jolly.

Jolly began the interview by asking about the Company's background and current projects. Gill elaborated on his experience in the battery metals space, including a successful copper project. "In 2009, we introduced Lomiko as a company focused on the green economy," shared Gill. "Our goal was to explore for lithium and graphite. Now we are at the point where we are developing a graphite mine and have also optioned a lithium property."

"Could you provide an update on the La Loutre project?", asked Jolly. "We have been exploring that since 2016 and have drilled over 150 drill holes in an effort to define an economic deposit," said Gill. "2020 was a tough year with COVID, but we did end up getting funding towards the end of the year," he continued, adding that the Company has had metallurgic testing completed on the site. "Now we're marching towards a preliminary economic assessment (PEA), which is an important document for mining companies because it tells us what the potential valuation of the company is at that time," said Gill. "That will de-risk the project and give us a clear runway towards production."

"Why is graphite so important right now?", asked Jolly. "It is vitally important because this is a material that goes into electric vehicle batteries," explained Gill. "The cathodes of Lithium-ion batteries are made out of lithium, cobalt, and nickel, but what is not known is that the entire anode of the battery is actually graphite," said Gill. "Demand is up and when demand is up prices will follow as well."

"Is that one of the reasons behind the Bourier Lithium project?", asked Jolly. "We want to have both sides of that battery under potential development," said Gill, adding that the early-stage project may also include nickel targets. "The most exciting thing is that it is a volcanic massive sulfide (VMS) system which is over fifteen miles long."

"The Bourier project is located in the James Bay region of Quebec," continued Gill. "It happens to be a very prospective area in which we call the Lithium Triangle North, so there are a number of projects that already have feasibility studies on them," he shared. "It's a really exciting area to be in."

Jolly then asked about the Company's technology company, Promethieus. "Promethieus ecompasses several prospective technology developments ," said Gill. "Lomiko will retain a 20% ownership of Promethieus which will add value to Lomiko's bottom line," he added. "Prometheus will become a technology incubator and be able to fund technology companies and watch them grow to IPO and get a return on investment."

"How does your company's balance sheet look going forward?", asked Jolly. "We just put out our second quarter results," said Gill. "We have $3.5 million Canadian in the till right now. If we see warrant exercises, we could see another $5 million coming in over the next year," he shared. "We're really happy with the situation. We've done well, and part of that will pay for our Pre-Economic Assessment (PEA)."

To close the interview, Gill encouraged listeners and shareholders to consider the potential of the electric vehicle (EV) market as it continues to revolutionize the transportation and technology industries. "It is an opportunity happening now. We want people to watch what we are doing and participate if they can," closed Gill.

To hear A. Paul Gill's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7868799-lomiko-metals-inc-discusses-progress-of-la-loutre-graphite-project-and-bourier-lithium-project-w.

Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/.

About Lomiko Metals Inc.

Lomiko Metals Inc. discovered high-grade graphite at its La Loutre Property in Quebec and is now working towards a Pre-Economic Assessment that will increase its current indicated resource of 4.1 Mt of 6.5% Cg.

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 harbor. 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/20210304005334/en/

Contacts
Lomiko Metals
A. Paul Gill, 604-729-5312
Email: info@lomiko.com

About The "Stock Day" Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.

SOURCE:
Stock Day Media
(602) 821-1102

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84419

VANCOUVER, BC / ACCESSWIRE / May 18, 2021 / Granite Creek Copper Ltd. (TSX.V:GCX | OTCQB:GCXXF) ("Granite Creek" or the "Company") announces that it has contracted Sedgman and Mining Plus, global leaders in mineral process engineering and mine engineering , to complete optimizing trade-off studies with respect to potential resource development and mineral processing opportunities at the Company's Carmacks project. These studies will provide the basis for a substantially revised economic assessment based on an updated NI 43-101 mineral resource estimate anticipated following completion of the 10,000-meter drill program currently underway.

Initial discussions among technical representatives from Sedgman, Mining Plus and Granite Creek identified several potential value adding opportunities which will be examined with the aim of extending the project fundamentals beyond those defined in the 2017 Preliminary Economic Assessment ("PEA") on the Carmacks deposits. These avenues are to be explored concurrently with the Company's resource expansion activities such that a resource update and the proposed trade-off studies can potentially be integrated into a revised PEA, providing a basis for more robust project fundamentals.

The Sedgman and Mining Plus scope of work will focus primarily on the Oxide and Sulphide Zones within the Carmacks deposit Zone 1, as well as the adjacent Zones 4 and 7. The aim of this analysis is to uncover strategies to maximize value and optimize schedule, within the framework of a mineral deposit consisting of two distinctly separate ore types – each requiring its own mineral processing treatment. The comprehensive study work will commence with the re-baselining of the mine execution sequence and the development of a suitable ore sorting strategy which can be integrated into the adjacent value options and mining approaches.

Once the oxide mining plan has been completed, an examination of leaching options can be started, whilst the sulphide mining plan is in development. The twin mine plans will then integrate with the other study options relating to trucking cost assessments and capital cost developments, culminating in a final report of compiled trade-off studies.

The work has been scheduled to commence immediately and is expected to be completed over a period of approximately 8 weeks. The schedule for delivery has been compressed and timed such that scope outcomes can inform Granite Creek Copper's planning process for the potential execution of a second phase of exploration diamond drilling work in the late summer/early fall 2021.

Methodology

As part of the work, Sedgman and Mining Plus will conduct a review of potential mining scenarios including but not limited to various bulk tonnage caving scenarios, open pit ("OP"), underground ("UG), or a hybrid OP/UG scenario. The focus would be on recovering the entire oxide and sulphide mineral resource.

Metallurgy

The aim of the metallurgy scope will be to compile a sequence of smaller studies into an optimizing overall trade-off study report. It is expected that a final capital cost estimate and operating cost estimate will be developed, including the outcomes of the smaller studies, providing a re-baselined mining strategy with additional processing improvements.

Evaluation of Ore Sorting

Application of either bulk or particle ore sorting technologies could be a viable option for reducing haulage costs, upgrading metal grades as either feed into off site facilities (under a tolling agreement) or as feed into a fit-for-purpose concentrator located on the Carmacks lease.

Alternative leaching technologies review

The Carmacks and North Carmacks resources both contain varying degrees of oxide and sulphide mineralization and as such different technological approaches are employed to treat them, including:

Sulphide ore flotation
Sulphidized oxide ore flotation
Acid leaching (sulphuric or hydrochloric)
Glycine leaching
Ammoniacal leaching

The intent of this trade-off examination would be to assess each technology, ranking its suitability to the Carmacks ores and aiming to define further metallurgical testwork that would be required to validate any options that have not been considered at this stage of the project's development.

Granite Creek President & CEO, Tim Johnson, commented, " A comprehensive review of the mining and processing plans as outlined in the 2017 PEA¹ has tremendous potential to yield significant improvements to the mine plan. Choosing the optimal development path for the copper oxide portion of the deposit coupled with a pathway to bring the sulfide portion into a mine plan will add considerable value to the project. With copper prices in a rising environment, it is the right time to accelerate the development of the Carmacks deposit. The results of these studies will chart the development of the project and assist in defining the next economic study to be competed."

About Sedgman

Sedgman is a global, diversified engineering, construction and project management company providing consulting, project delivery and contract operations services to the mining sectors. As a wholly owned company as part of the Cimic group of companies, Sedgman partner with our clients to ensure tailored, world-class outcomes that stand apart for reliability, efficiency, productivity and performance – optimising client investments, maximising resource recovery and lowering unit costs. Sedgman has significant experience in the study and execution of projects similar to Carmacks Copper Project.

About Mining Plus

Mining Plus are a global industry-leading mining technical services provider, consisting of professionals specializing in geology, mining engineering (Surface & Underground), geotechnical engineering, operational management and asset optimization. As part of the Byrnecut Group, Mining Plus leverages their track record of delivering innovative and practical project solutions with operability front of mind. The Mining Plus Canada team has a demonstrated capability to advance the Carmacks project from concept to production, in partnership with Sedgman.

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176 square kilometer Carmacks and Carmacks North project in the Minto copper district of Canada's Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Explorations Ltd, to the north and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.

[1] JDS Energy and Mining. Feb 9, 2017. NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada. Contained metal based on 23.76 million tonnes of NI 43-101 compliant resources in the Measured and Indicated categories grading 0.85% Cu, 0.31 g/t Au, 3.14 g/t Ag

[2] Arseneau Consulting Services, 2016 Independent Technical Report on the Carmacks Copper Project, Yukon, Canada

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

SOURCE: Granite Creek Copper Ltd.

View source version on accesswire.com:
https://www.accesswire.com/647915/Granite-Creek-Copper-Engages-Sedgman-to-Conduct-Mine-Planning-Mineral-Processing-Review-on-the-Carmacks-Copper-Gold-Silver-Project-in-Yukon-Canada

Lucapa Diamond Company Limited (ASX:LOM) has not performed well recently and CEO Stephen Wetherall will probably need to up their game. Shareholders can take the chance to hold the board and management accountable for the unsatisfactory performance at the next AGM on 25 May 2021. It would also be an opportunity for shareholders to influence management through voting on company resolutions such as executive remuneration, which could impact the firm significantly. We present the case why we think CEO compensation is out of sync with company performance.

Check out our latest analysis for Lucapa Diamond

Comparing Lucapa Diamond Company Limited's CEO Compensation With the industry

Our data indicates that Lucapa Diamond Company Limited has a market capitalization of AU$47m, and total annual CEO compensation was reported as US$318k for the year to December 2020. Notably, that's a decrease of 30% over the year before. We note that the salary portion, which stands at US$304.1k constitutes the majority of total compensation received by the CEO.

For comparison, other companies in the industry with market capitalizations below AU$258m, reported a median total CEO compensation of US$237k. Accordingly, our analysis reveals that Lucapa Diamond Company Limited pays Stephen Wetherall north of the industry median. Moreover, Stephen Wetherall also holds AU$309k worth of Lucapa Diamond stock directly under their own name.

Component	2020	2019	Proportion (2020)
Salary	US$304k	US$424k	96%
Other	US$14k	US$33k	4%
Total Compensation	US$318k	US$457k	100%

Speaking on an industry level, nearly 69% of total compensation represents salary, while the remainder of 31% is other remuneration. Lucapa Diamond has gone down a largely traditional route, paying Stephen Wetherall a high salary, giving it preference over non-salary benefits. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

Lucapa Diamond Company Limited's Growth

Over the last three years, Lucapa Diamond Company Limited has shrunk its earnings per share by 21% per year. It saw its revenue drop 70% over the last year.

Few shareholders would be pleased to read that EPS have declined. And the fact that revenue is down year on year arguably paints an ugly picture. It's hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration. 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 Lucapa Diamond Company Limited Been A Good Investment?

The return of -80% over three years would not have pleased Lucapa Diamond Company Limited shareholders. Therefore, it might be upsetting for shareholders if the CEO were paid generously.

To Conclude…

Lucapa Diamond pays its CEO a majority of compensation through a salary. Along with the business performing poorly, shareholders have suffered with poor share price returns on their investments, suggesting that there's little to no chance of them being in favor of a CEO pay raise. At the upcoming AGM, the board will get the chance to explain the steps it plans to take to improve business performance.

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. In our study, we found 6 warning signs for Lucapa Diamond you should be aware of, and 3 of them are a bit concerning.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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

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

The board of directors of Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, has declared a quarterly cash dividend of $0.72 per share. This dividend is payable June 18, 2021, to shareholders of record as of the close of business on June 10, 2021.

About Compass Minerals

Compass Minerals (NYSE: CMP) is a leading provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. Its salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial and agricultural applications. Its plant nutrition business manufactures an innovative and diverse portfolio of products that improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, its specialty chemical business serves the water treatment industry and other industrial processes. The company operates 21 production and packaging facilities with more than 3,000 personnel throughout the U.S., Canada, Brazil and the U.K. Visit compassminerals.com for more information about the company and its products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210518006196/en/

Contacts

Investor Contact Douglas KrisSenior Director of Investor Relations+1.917.797.4967krisd@compassminerals.com Media Contact Rick AxthelmSVP and Chief Public Affairs Officer+1.913.344.9198MediaRelations@compassminerals.com

VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that significant progress has been made in the production of a green, waste free smelter grade alumina product from anorthosite (CaAl₂Si₂O₈) from the White Mountain mine in Greenland. Hudson has a 31.1% equity interest in the White Mountain mine and rights to acquire 100%.

Hudson engaged Kingston Process Metallurgy Inc. (KPM) in Kingston, Ontario, Canada, to produce four kilograms of smelter grade alumina (Al₂O₃) made from the White Mountain anorthosite. The smelter grade alumina produced will be sent to several major aluminum producers who have requested the product for evaluation. The KPM program is expected to be completed in approximately one month. Additional alumina testwork is also being conducted by a group in Europe.

Hudson has undertaken a significant amount of work over the past eight years investigating the production of specialty grade alumina and smelter grade alumina from anorthosite. In March 2015, Hudson announced the results of a robust Preliminary Economic Assessment (refer NR2015-01). KPM is utilizing a flowsheet developed by Hudson which uses known and proven technologies to extract +90% of the aluminum from the anorthosite. The process produces a smelter grade alumina designed to meet the specifications of the major aluminum smelters. The Hudson process is scalable and only produces saleable byproducts and zero waste and is therefore green which aligns to Hudson’s operating philosophy. The Bayer process, which is used extensively in aluminum production, uses a feedstock of bauxite ore and a process which requires the use of high temperature caustic soda solution. As a consequence, the Bayer process produces almost four tonnes of toxic waste, known as “red mud”, for every tonne of aluminum produced. The disposal and environmental issues created by the Bayer process is of huge concern to aluminum producers as well as the environmental community due to amount of toxic waste produced.

Jim Cambon, President commented: “I am pleased to announce our production of green smelter grade alumina is progressing well with significant interest from aluminum producers and end users who are demanding a greener aluminum. We believe our process of producing waste-free alumina from anorthosite will be a key component in the development of green aluminum. By eliminating all caustic red mud tailings our process removes one of the most polluting aspects of aluminum production. Our timing is perfect to bring to the market a green, zero-waste aluminum product and we continue discussions with potential partners to bring this to commercialization.”

Hudson also owns 100% of the Sarfartoq REE project and Nukittooq niobium-tantalum project in Greenland. The Sarfartoq project has a 43-101 resource outlining 35M kilograms of neodymium oxide and praseodymium oxide, the two key components in permanent magnets driving the green revolution. The Nukittooq project has some of the highest reported niobium assays in the industry (see NR2020-15).

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:
Ph: 604-628-5002

Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

How far off is IBC Advanced Alloys Corp. (CVE:IB) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

Check out our latest analysis for IBC Advanced Alloys

The method

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) forecast

	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Levered FCF ($, Millions)	US$792.0k	US$811.6k	US$829.4k	US$845.9k	US$861.6k	US$876.7k	US$891.5k	US$906.2k	US$920.7k	US$935.3k
Growth Rate Estimate Source	Est @ 2.88%	Est @ 2.48%	Est @ 2.19%	Est @ 1.99%	Est @ 1.85%	Est @ 1.76%	Est @ 1.69%	Est @ 1.64%	Est @ 1.61%	Est @ 1.58%
Present Value ($, Millions) Discounted @ 8.6%	US$0.7	US$0.7	US$0.6	US$0.6	US$0.6	US$0.5	US$0.5	US$0.5	US$0.4	US$0.4

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$5.0m

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (1.5%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.6%.

Terminal Value (TV)= FCF₂₀₃₀ × (1 + g) ÷ (r – g) = US$935k× (1 + 1.5%) ÷ (8.6%– 1.5%) = US$14m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$14m÷ ( 1 + 8.6%)¹⁰= US$5.9m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$11m. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of CA$0.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

The assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at IBC Advanced Alloys as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.6%, which is based on a levered beta of 1.488. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Next Steps:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For IBC Advanced Alloys, there are three pertinent aspects you should further research:

Risks: To that end, you should be aware of the 2 warning signs we've spotted with IBC Advanced Alloys .
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
Other Environmentally-Friendly Companies: Concerned about the environment and think consumers will buy eco-friendly products more and more? Browse through our interactive list of companies that are thinking about a greener future to discover some stocks you may not have thought of!

PS. Simply Wall St updates its DCF calculation for every Canadian stock every day, so if you want to find the intrinsic value of any other stock just search here.

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

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

So, the natural question for Blue Sky Uranium (CVE:BSK) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for Blue Sky Uranium

How Long Is Blue Sky Uranium's Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at March 2021, Blue Sky Uranium had cash of CA$2.4m and no debt. In the last year, its cash burn was CA$2.7m. Therefore, from March 2021 it had roughly 10 months of cash runway. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. Depicted below, you can see how its cash holdings have changed over time.

How Is Blue Sky Uranium's Cash Burn Changing Over Time?

Because Blue Sky Uranium 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. Over the last year its cash burn actually increased by 17%, which suggests that management are increasing investment in future growth, but not too quickly. That's not necessarily a bad thing, but investors should be mindful of the fact that will shorten the cash runway. Admittedly, we're a bit cautious of Blue Sky Uranium due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Hard Would It Be For Blue Sky Uranium To Raise More Cash For Growth?

Given its cash burn trajectory, Blue Sky Uranium shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Blue Sky Uranium's cash burn of CA$2.7m is about 7.4% of its CA$36m market capitalisation. 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.

How Risky Is Blue Sky Uranium's Cash Burn Situation?

On this analysis of Blue Sky Uranium's cash burn, we think its cash burn relative to its market cap was reassuring, while its cash runway has us a bit worried. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Blue Sky Uranium (of which 2 are significant!) you should know about.

Of course Blue Sky Uranium 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.

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

Results Pending from Two Other Prospects; Drilling Program Continues

Figure 1

Drilling locations and significant results from recent drilling.

Figure 2

Property map showing the location of prospects mentioned in this release.

TORONTO, May 18, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) reports the results of the latest drilling at the Massala West, Massala Main, Orange Grove, Assama and Sodala prospects, located on the Company’s Sikasso Property in Southern Mali (Figure 2).

Highlights

Wide-spaced drilling at Massala West confirms gold mineralization along a new 1.6 km section of the Tarabala Fault
- Highest-grade drill interval was 2 m @ 13.06 g/t Au (from 16 m; SAAC204)
- Widest mineralized zone was 21 m @ 0.86 g/t Au (from 1 m; SAAC189)
Preparations are underway for an additional 1,600 m of air core drilling over a distance of 1.4 km to the north of the new zone, and 1,200 m of infill drilling on the recently discovered mineralization
1,400 m of air core (AC) drilling is also planned at the new Tarabala South target
Drilling at Sodala intercepted intermittent shallow gold mineralization, associated with a north-south trending shear zone and strong shallow gold in soil anomalies
- Highest-grade drill interval: 1 m @ 4.57 g/t Au (from 21 m).
Drilling at the Massala Main, Orange Grove, and Assama artisanal workings did not intercept significant mineralization
Results are pending from the Dialéké and Old Sam prospects

Compass CEO, Larry Phillips, said, “These latest results of our systematic ongoing evaluation of our extensive ground package have revealed yet another promising large, shallow gold target. Drilling at our Massala West prospect has confirmed the continuation of gold mineralization over a distance of 4.2 km, and the structure remains open at either end. We are preparing drill pads to test the strike extension of the structure, and to test the continuity with infill drilling on the best mineralized zones. This 82-hole drilling program should be completed, and the results returned, before the rainy season is heaviest in July.”

He added, “Drilling at the nearby Sodala prospect has also confirmed the presence of gold and we will conduct follow-up work later looking for wider, higher grade zones of mineralization there as well. Meanwhile, in addition to the follow-up drilling at Massala West, we are eagerly awaiting the assay results from 70-holes drilled on two promising new targets on the Kourou and Faraba-Coura permits.”

Massala West Drilling Results

Following up on the previously reported results from Massala West (see Compass news release dated March 16, 2021), Compass has completed thirty-two (32) additional shallow air core (AC) holes (1,914 m) at this prospect (Figure 1) to test for the presence of gold mineralization associated with the Tarabala fault over a distance of 1.8 km. This drilling included nine fences spaced at 200 m intervals, with significant gold intercepts present on six of the fences. The widest mineralized interval was encountered in SAAC189, with 21 m @ 0.86 g/t Au (from 1 m) including 6 m @ 1.67 g/t Au (from 1 m), 4 m @ 1.14 g/t Au (from 10 m) and 4 m @ 0.74 g/t Au (from 18 m). This hole was located 225 m south of the discovery hole SAAC123, which contained 24 m @ 2.35 g/t Au. The highest-grade interval was located in SAAC204, 1.3 km to the south of the discovery hole (SAAC123), and contained 2 m @ 13.06 g/t Au (from 16 m). Each four-hole fence contained at least one mineralized hole that comprised several mineralized intervals. The intervals varied from 1 to 6 m, with individual intervals varying from 0.20 to 22.6 g/t Au (Table 1).

Figure 1: Drilling locations and significant results from recent drilling.
https://www.globenewswire.com/NewsRoom/AttachmentNg/416a4254-2bb5-4aa6-837d-7e272ae778e8

Based on the highly encouraging initial AC drilling results at Massala West, Compass will drill 22 more holes in several 200 m spaced fences, over a distance of 1.6 km to the north along the target structure to test its strike potential. An additional 22-holes (1,100 m) will be drilled as infill around the holes reported in this release.

Table 1. Mineralized intervals greater than 3 m or greater than 0.5 g/t Au identified during recent drilling at Massala West

Hole ID	From (m)	To (m)	^{1, 2}Interval (m)	Au (g/t)
SAAC180	20	21	1	0.54
SAAC181	33	34	1	2.02
SAAC184	6	7	1	3.85
SAAC184	8	9	1	0.76
SAAC184	32	33	3	0.27
SAAC185	22	26	4	0.45
SAAC186	6	10	4	0.27
SAAC187	3	6	3	0.46
SAAC189	1	22	21	0.86
inc.	1	7	6	1.67
inc.	5	6	1	7.85
inc.	10	14	4	1.14
inc.	18	22	4	0.74
SAAC189	57	59	2	1.56
inc.	57	58	1	2.81
SAAC192	32	35	3	0.45
SAAC194	20	21	1	0.54
SAAC197	8	13	5	0.66
SAAC197	37	38	1	0.70
SAAC197	47	48	1	0.51
SAAC197	49	50	1	0.69
SAAC198	31	33	2	1.61
SAAC198	53	54	1	1.81
SAAC199	13	14	1	1.05
SAAC199	28	31	3	0.30
SAAC200	8	9	1	0.51
SAAC200	42	44	2	1.46
SAAC201	22	23	1	2.40
SAAC201	36	37	2	0.53
SAAC204	16	18	2	13.06
inc.	16	17	1	22.6

¹True thicknesses are interpreted as 60-90% of stated intervals.
²Intervals use a 0.2-gram-per-tonne gold cut-off value

Next Steps

Based on the positive AC drilling results at Massala West, and interpretation of recent Gradient Induced Polarization (IP) geophysics, a total of 82 AC holes (totalling 4,100 m) are planned for the Tarabala Trend (Figure 2). These include 54 holes (2,700 m) on the Tarabala fault at Massala West, and 28 holes (1,400 m) at a new target located immediately south of the Tarabala prospect (Figure 2). Drilling pad preparation is underway, and it is anticipated that drilling will be completed prior to the heaviest part of the rainy season.

In addition to the AC drilling, sites have also been selected for deeper reverse circulation (RC) drilling at Tarabala (2,500 m), and tentatively selected at Massala West (2,500 m). Several diamond core holes (500 m) are also proposed at Tarabala and Massala West. The purpose of this drilling will be to test the down dip extension and continuity of mineralization to depths up to 120 m from surface. Preparation of the drilling pads will take place in June, and will allow drilling during the rainy season.

Assay results are pending from 1,412 m of AC drilling at the Dialéké prospect (Faraba-Coura permit), and 889 m of drilling at the Old Sam prospect (Kourou permit). Ongoing in-fill shallow soil sampling and ground geophysics are continuing on other parts of the Sikasso property, and Compass’s technical team is continually appraising and identifying new targets.

Figure 2: Property map showing the location of prospects mentioned in this release.
https://www.globenewswire.com/NewsRoom/AttachmentNg/5b8efa25-6d21-4567-81d6-b1ae22b20d60

Additional results:

Massala Main and Orange Grove Drilling Results

Ten shallow AC holes (1,084 m) were drilled at Massala Main (Figure 1) to test a small area of north-south trending artisanal gold workings. Only one hole (SAAC173) intercepted gold mineralization, 3 m @ 0.92 g/t Au (from 24 m), including 1 m @ 2.01 g/t Au (from 24). The mineralization occurs on the interpreted Massala fault, and correlates with a mineralized zone (3 m @ 1.90 g/t Au) previously identified by drilling 1.5 km to the south at the Massala East prospect. No additional work is planned at the Massala Main prospect.

A total of 8 holes (480 m) were drilled on two 200-m spaced fences at the Orange Grove prospect. The prospect is 3.6 km south of the Massala Main prospect on the Massala fault, and is located 1 km east of the Tarabala fault (Figure 1). The target was chosen based on interpretation of ground geophysics and the presence of a shallow soil sample containing 5 g/t Au. Only one hole (SAAC212) intercepted mineralization (1 m @ 0.46 g/t Au). Additional drilling might be required in the future to identify the source of gold indicated from the anomalous soil sample.

Assama Drilling Results

Twenty-four shallow air core (AC) holes (1,236 m) were drilled at Assama (Figure 2) to test a 250 m by 120 m area of surface gold excavations at the southernmost part of the Tarabala Trend. A 13-hole fence was drilled over the artisanal workings and a second 11-hole fence 200 m to the north. These holes were also designed to target two of six NNE-trending faults, understood to be part of the Tarabala shear zone as interpreted from Gradient IP geophysics. Drilling identified the quartz veining associated with the projected fault structures, with only trace amounts of gold mineralization (<0.22 g/t Au). Select geochemical tests (cyanide leach) are being performed on the drilling samples from the Tarabala Trend to determine the total gold concentration of samples.

Sodala Drilling Results

Twenty shallow AC holes (1,084 m) were drilled at Sodala (Figure 1) to test an area 350 m east of the currently active shallow gold workings. Two 10-hole NW-trending fences were drilled within a 500 m by 500 m area marked by extremely anomalous shallow soil samples (e.g., 31.3, 10.1, 2.5, 1.29 g/t Au). Geological mapping and interpretation of Gradient IP geophysics identified several north- and northeast-trending faults on each fence that were coincident with the soil anomalism.

The drilling results confirmed that the N- and NE-trending faults likely control mineralization as the highest gold intercepts were recorded at the predicted locations. The best intercepts were 1 m @ 4.57 g/t Au (from 21 m, SEAC009) and 1 m @ 1.45 g/t Au (from 17 m, SEAC014), both associated with N-trend faults. Most of the mineralized intervals were less than 2 m and less than 0.5 g/t Au. It is likely that weathering of the narrow, high-grade mineralization is responsible for the exceptionally high-grade shallow soil samples documented from the area. Follow-up work is recommended on the gold-bearing structures to determine if wider zones of mineralization are present along strike or down dip.

Technical Details

Air core holes from Massala West, Massala Main, Orange Grove, Assama reported here were drilled on an azimuth of 270° (towards the west), at dips of 55°, with the exception of two holes at Massala West, which were drilled at 090° (towards the east). AC holes from Sodala were drilled on an azimuth of 315° (towards the NW). Hole lengths at both prospects varied from 50 to 60 m. The drill fences were designed to test structures interpreted from Gradient IP surveying, and potential mineralized trends identified by Compass’s earlier fieldwork. Drilling was performed by Etasi and Co. Drilling (Mali). All samples were prepared by Compass staff and an appropriate number of standards, duplicates and blanks were submitted and analysed for gold at SGS (Bamako, Mali) by fire assay.

About Compass Gold Corp.

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 867 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”

QAQC

All AC samples were collected following industry best practices, and an appropriate number and type of certified reference materials (standards), blanks and duplicates were inserted to ensure an effective QAQC program was carried out. The 1 m interval samples were prepared and analyzed at SGS SARL (Bamako, Mali) by fire assay technique FAE505. All standard and blank results were reviewed to ensure no failures were detected.

Qualified Person

This news release has been reviewed and approved by EurGeol. Dr. Sandy Archibald, P.Geo, Compass’s Technical Director, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.

Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the Company’s planned exploration work and management appointments. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

For further information please contact:

Compass Gold Corporation

Larry Phillips – Pres. & CEO

Greg Taylor – Dir. Investor Relations & Corporate Communications

lphillips@compassgoldcorp.com

gtaylor@compassgoldcorp.com

T: +1 416-596-0996 X 302

T: +1 416-596-0996 X 301

Website: www.compassgoldcorp.com

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

Vancouver, British Columbia–(Newsfile Corp. – May 18, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") announces that subject to the Exchange's approval, it intends to grant 700,000 five-year incentive stock options to directors and officers. The options are granted in accordance with the terms of the Company's stock option plan. They are exercisable at a price of $0.20 per share and vest over a period of 18 months.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in greenstone belts in Ontario and the Midas gold camp in Nevada. Currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd. For more information, please visit Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"

_________________________________
Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84462

A Relative Strength Rating upgrade for Coeur Mining shows improving technical performance. Will it continue?

Nickel 28 Capital Corp. (the "Company") (TSXV: NKL) (FSE: 3JC) is pleased to provide results for the quarter ending March 31, 2021 for the Company’s largest asset, being the Ramu Nickel-Cobalt ("Ramu") integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in the Ramu operation.

"Ramu delivered record Q1 production due to lower maintenance in the quarter, again exceeding its design capacity" stated Nickel 28’s President and CEO, Justin Cochrane. "In addition, cash costs net of byproduct revenue was only $1.70 per pound of contained nickel, primarily as a result of higher cobalt prices and higher cobalt payability for Ramu’s mixed hydroxide product ("MHP")." continued Mr. Cochrane.

The LME nickel price was up over 10% from Q4 2020 at an average of $7.97 per pound compared to $7.23 per pound in the prior quarter and is currently trading at a range of $7.75-8.50 per pound. In addition, cobalt prices have also improved significantly with Fast Markets assessing Standard Grade at an average of $21.71 per pound in the quarter an increase from an average of $15.73 per pound in the previous quarter. The strength of commodity prices coupled with increased demand for Ramu’s MHP positively impacted cash generation.

"Ramu is the largest producer of MHP globally and the appetite for this product by battery producers is increasing. This is evident in the improvement in nickel and cobalt payabilities we have seen this quarter. In the quarter, revenue exceeded $160 million compared $80 million in the same quarter last year. At current commodity prices Nickel 28 should be generating cash from its Ramu investment by the end of the second quarter of this year" stated Anthony Milewski, chairman of the Company’s board of directors.

As previously reported the Company’s share of operating debt is currently less than $10 million and upon repayment of the operating debt, 35% of Ramu’s free cash flow attributable to Nickel 28 will flow directly to the Company.

Ramu produced 8,805 tonnes of contained nickel in MHP in the quarter compared to 8,635 tonnes in the same period in the prior year, representing an improvement of 2%. Cobalt production was 800 tonnes, an improvement of 80 tonnes or 11% over Q1 2020. MHP shipments were consistent with prior periods at 8,744 tonnes of nickel contained and 785 tonnes of cobalt contained in MHP. Ramu’s actual cash costs were $1.70 per pound of nickel contained in MHP (net of by-product credits) for the quarter. Company guidance remains unchanged as Ramu is expected to produce between 32,000 and 34,000 tonnes of contained nickel and between 2,800 and 3,200 tonnes of contained cobalt in MHP for the full year 2021.

Ramu’s operating and financial performance for the period are presented below along with comparison to prior years, noting that these figures are unaudited.

	2018	2019	2020	2021
	Q1	Q1	Q1	Q1
Ore Processed (dry kt)	877	800	920	952
MHP Produced (dry tonne)	21,688	19,653	21,177	22,845
Contained Nickel (tonne)	8,210	7,663	8,635	8,805
Contained Cobalt (tonne)	774	704	720	800
Nickel Capacity Utilization (% of design¹)	101%	94%	106%	108%
MHP Shipped (dry tonne)	23,827	17,219	15,121	22,648
Contained Nickel (tonne)	9,024	6,588	6,108	8,744
Contained Cobalt (tonne)	861	609	522	785
Cash Cost Actual ²	$0.63	$2.44	$2.05	$1.70

Note (1) Ramu design capacity of 32,600 tonne/year contained Ni
Note (2) Actual Cash Cost net of byproduct credit

A. Nickel 28 has included certain performance measures in this press release that do not have any standardized meaning prescribed by international financial reporting standards (IFRS) including Cash Cost Actual. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change.

B. These figures have not been audited and are subject to change. The information presented above has not been audited by the company's independent accountants, should not be considered a substitute for audited financial statements, and should not be regarded as a representation by the company as to the actual financial results.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements and figures with respect to the operational and financial results; statements with respect to the prospects of nickel and cobalt in the global electrification of vehicles; statements related to the repayment of the Company Ramu operating debt; and statements with respect to the business and assets of Conic and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210518005856/en/

Contacts

Justin Cochrane
Tel: 647.846.7765
Email: info@nickel28.com

Result of Annual General Meeting

LONDON, UK / ACCESSWIRE / May 17, 2021 / Horizonte Minerals Plc, (AIM:HZM), (TSX:HZM) ('Horizonte' or 'the Company') the nickel company focused on Brazil, announces that all resolutions proposed at its Annual General Meeting, held earlier today, were duly passed.

A breakdown of the poll result for each resolution is set out below:

Resolution	Votes for	%	Votes against	%	Votes withheld
1. Accept Financial Statement and Statutory Reports	532,820,544	100	0	0	240,968
2. Re-elect David Hall as Director	514,846,670	96.64	17,925,874	3.36	288,968
3. Re-elect Jeremy Martin as Director	529,223,793	99.33	3548,751	0.67	288,968
4. Re-elect Owen Bavinton as Director	516,729,807	96.99	16,042,737	3.01	288,968
5. Re-elect William Fisher as Director	526,349,793	98.79	6,422,751	1.21	288,968
6. Re-elect Allan Walker as Director	526,349,793	98.79	6,422,751	1.21	288,968
7. Re-elect Sepanta Dorri as Director	529,218,218	99.33	3,548,751	0.67	294,543
8. Reappoint BDO LLP as Auditors and Authorise Their Remuneration	532,919,811	99.99	66,175	0.01	246,542
9. Authorise Issue of Equity	532,748,795	99.99	66,175	0.01	246,542
10. Authorise Issue of Equity without Pre-emptive Rights	421,817,938	79.17	110,956,188	20.82	249,329

For further information, visit www.horizonteminerals.com or contact:

Horizonte Minerals plc Jeremy Martin (CEO) Anna Legge (Corporate Communications)	info@horizonteminerals.com +44 (0) 203 356 2901

Peel Hunt (NOMAD & Joint Broker) Ross Allister David McKeown	+44 (0)20 7418 8900
BMO (Joint Broker) Thomas Rider Pascal Lussier Duquette Andrew Cameron	+44 (0) 20 7236 1010

About Horizonte Minerals:

Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim of being able to supply nickel and cobalt to the EV battery market. Both projects are 100% owned.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the Acquisition as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the ability of the Company to complete the Placing as described herein, and the realization of mineral resource and reserve estimates. 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 statements that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently 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 risks related to: the inability of the Company to complete the Acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Horizonte Minerals PLC

View source version on accesswire.com:
https://www.accesswire.com/647727/Horizonte-Minerals-PLC-Announces-Result-of-AGM

Cameco, a uranium miner, is the IBD Stock of the Day. Shares are back in a buy zone, after a post-earnings jump earlier this month.

BETHESDA, Md., May 17, 2021 /PRNewswire/ — Centrus Energy Corp. (NYSE American: LEU) announced today that it has secured new nuclear fuel sales contracts and commitments valued at approximately $225 million over the past 12 months.

Centrus Energy Corp., Bethesda, MD (PRNewsfoto/Centrus Energy Corp.)

"The last 12 months has been the strongest period for new sales since 2015, with prices rising again and utilities coming back into the market to make multi-year orders," said Centrus President and CEO Daniel B. Poneman. "With these new sales, we're adding value into our long-term order book, broadening our customer base, and strengthening our position as a trusted global nuclear fuel supplier."

Most of Centrus' revenues come from multi-year contracts with major utilities, often signed years in advance. The new sales contracts and commitments cover deliveries in North America, Asia, and Europe from 2021 through 2027, with revenues to be recognized in the year of delivery. The approximately $225 million total includes the more than $100 million in contracts and commitments secured between November 2020 and the end of January 2021 that were disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2020.

"We value our longstanding relationships with our utility customers and these new sales agreements will allow us to remain a supplier of choice for our customers nuclear fleets for many years to come," said Centrus Senior Vice President for Sales and Chief Marketing Officer John M. A. Donelson. "At Centrus, we embrace a customer-first strategy, offering security, diversity and competitive pricing to the global nuclear fuel market."

About Centrus Energy Corp.

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

Forward Looking Statements

This press release contains statements that constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. In this context, forward-looking statements mean statements related to future events, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain.

For Centrus Energy Corp., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following, which may be amplified by the novel coronavirus (COVID-19) pandemic: risks related to natural and other disasters, including the continued impact of the March 2011 earthquake and tsunami in Japan on the nuclear industry and on our business, results of operations and prospects; the impact and potential extended duration of the current supply/demand imbalance in the market for low-enriched uranium ("LEU"); our dependence on others for deliveries of LEU including deliveries from the Russian government-owned entity TENEX, Joint-Stock Company ("TENEX"), under a commercial supply agreement with TENEX and deliveries under a long-term supply agreement with Orano Cycle ("Orano"); risks related to existing or new trade barriers and contract terms that limit our ability to deliver LEU to customers; risks related to actions, including government reviews, that may be taken by the United States government, the Russian government or other governments that could affect our ability to perform under our contract obligations or the ability of our sources of supply to perform under their contract obligations to us; risks related to the imposition of sanctions, restrictions or other requirements, including those imposed under the 1992 Russian Suspension Agreement ("RSA"), as amended, international trade legislation and other international trade restrictions; risks related to our ability to sell the LEU we procure pursuant to our purchase obligations under our supply agreements; risks related to our sales order book, including uncertainty concerning customer actions under current contracts and in future contracting due to market conditions and our lack of current production capability; risks related to financial difficulties experienced by customers, including possible bankruptcies, insolvencies or any other inability to pay for our products or services or delays in making timely payment; pricing trends and demand in the uranium and enrichment markets and their impact on our profitability; movement and timing of customer orders; risks related to pandemics and other health crises, such as the global COVID-19 pandemic; and other risks and uncertainties discussed in under Part I, Item1A – "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 other filings with the Securities and Exchange Commission.

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

Contacts:

Investors: Dan Leistikow (301) 564-3399 or LeistikowD@centrusenergy.com
Media: Lindsey Geisler (301) 564-3392 or GeislerLR@centrusenergy.com

Cision

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SOURCE Centrus Energy Corp.

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2021) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) reports geochemical results compiled over three drill programs on the Fir Island Uranium Project in the Athabasca Basin, Saskatchewan. Boron, uranium, offset of the unconformity, and size of the resistivity low all increase to the north along the Cathy Fault (Figure 1). A 100 metre interval of interpreted ultramafic rock with elevated nickel was intersected in basement rocks in FI-24. This same lithology with 0.24% nickel over a 68.5 metre interval has been identified in FI-03, located 1.1km west of FI-24. Forum has requested the lab to assay these nickel zones for palladium, platinum, and gold.

Drill targets planned for 2021 along a four kilometre electromagnetic conductor marking the Cathy Fault to the north of Fir Island could not be drilled this year due to poor ice conditions. Future plans are to follow the Cathy Fault to the north to the intersection with the Black Lake Fault, then continue northward along the structure, testing any resistivity and gravity lows (Figure 2).

This program is operated by Forum and funded by Orano Canada Inc. (formerly AREVA Resources Canada) under terms of an option agreement to earn up to a 70% interest by spending up to $6 million on exploration. Ten holes were drilled on Fir Island for 3,051 metres; a total of 361 core samples were assayed with the following results:

FI-17, targeting a small resistivity low further to the south of the main zone, intersected 132ppm uranium immediately beneath the unconformity at a depth of 249.8m, followed by 10 metres of 450ppm copper from 270 to 280 metres in a zone with visible sulphides.
Holes FI-23 to 26 at the north end of Fir Island all show elevated boron values (>100ppm) while the holes further to the south do not have these values. This suggests that the Cathy Fault / resistivity low to the north of the island is increasing in potential. Also, a historic EM survey has identified a conductor along this trend which continues 4km to the north to the intersection of the Cathy Fault with the major Black Lake Fault, one of the targets for the 2021 drilling that was delayed due to the poor ice conditions. This target also displays several large gravity lows, possibly due to alteration.
FI-24, located within the resistivity low associated with the Cathy Fault, returned anomalous nickel in an interpreted ultramafic unit from 211 metres to the end of hole at 311 metres. Values of 0.36% boron and 0.42% nickel were intersected over 5 metres in basement rocks at 219.5 to 224.7 metres and 0.21% nickel over 10.3 metres from 241.7 to 252 metres. The hole ended in this ultramafic unit assaying 0.1% nickel and 275ppm copper over 3 metres from 308 metres to 311 metres.

Figure 1: Drill Locations for 2021. Historic drill holes by Forum are also shown with anomalous elements. The historic Nisto uranium mine lies in the northwest corner of the map.

To view an enhanced version of this graphic, please visit:
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Figure 2: Fir Island Northern Targets. The drill target area lies along the Cathy Fault under the lake and north to the intersection area with the major Black Lake Fault. An EM conductor and gravity lows, possibly due to alteration, are present in this area. Drilling in 2021 was limited to the targets on land on Fir Island due to poor ice conditions.

To view an enhanced version of this graphic, please visit:
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Quality Assurance/Quality Control

Samples include both systematic chip samples (10 metre intervals) and split core (0.5 metre intervals) that are submitted to SRC Geoanalytical Laboratories (an SSC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon, Saskatchewan for analysis. All samples are analyzed using ICP-MS for trace elements reported as partial and/or total digestion, ICP-OES for major and minor elements reported as total digestion, and fusion solution of boron by ICP-OES reported as total digestion.

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 17^th, 2021 at 1pm PST / 4pm EST with CEO Rick Mazur and VP Exploration Ken Wheatley to go over a technical and market overview of the Fir Island Uranium Project and Forum's extensive Athabasca Basin uranium portfolio. A question and answer period will follow.

Zoom meeting ID: 835 4450 6791 Passcode: 372704
Join Zoom Meeting
https://us02web.zoom.us/j/83544506791?pwd=RWlaODBwNXhzR2p2VU9Kb1dPWlNwQT09

Participant Dial-In Numbers are available as well (Toll-Free)
Canada (Vancouver) +1 778 907 2071
Canada (Toronto) +1 647 374 4685

United States Dial by your location
+1 929 436 2866 US (New York)
+1 312 626 6799 US (Chicago)
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)

Meeting ID: 835 4450 6791
Passcode: 372704
Find your local number: https://us02web.zoom.us/u/krFdhbElF

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners Rio Tinto and Orano Canada Inc. 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

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/84270

VANCOUVER, BC, May 17, 2021 /CNW/ – Trading resumes in:

Company: Lithium Chile Inc.

TSX-Venture Symbol: LITH

All Issues: Yes

Resumption (ET): 10:45 AM

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

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

Cision

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

TORONTO, May 17, 2021 (GLOBE NEWSWIRE) — Rupert Resources Ltd. (“Rupert Resources” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets (“BMO”) and Cormark Securities (“Cormark”), under which the underwriters have agreed to buy, on a bought deal basis 4,920,000 common shares (the “Common Shares”), at a price of C$5.30 per Common Share (the “Offering Price”) for gross proceeds of approximately C$26.1 million (the “Public Offering”). The Company has also granted the Underwriters an option (the “Over-Allotment Option”), exercisable at the Offering Price for a period of 30 days following the closing of the Public Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, on substantially the same terms as the Public Offering.

The Company is also pleased to announce that it has agreed to a concurrent private placement of up to 3,080,000 Common Shares at the Offering Price on substantially the same terms as the Public Offering (the “Private Placement”). Agnico Eagle have indicated their intention to participate in the private placement pro-rata their current shareholding in the Company. In addition, shareholders participating in the Private Placement will each have the option to purchase a number of additional Common Shares representing up to 15% of the number of Common Shares subscribed by each of them on closing.

In respect of the Public Offering, the Common Shares will be offered by way of a short form prospectus in British Columbia, Alberta, Ontario and Newfoundland and may also be offered by way of private placement in the United States. Both the Public Offering and the Private Placement are expected to close on or about June 4, 2021 and such closings are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The net proceeds of the Public Offering and of the Private Placement will be used for on-going exploration expenditures on the Company’s properties in Finland and for general corporate purposes.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Common Shares in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Rupert
Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (“Pahtavaara”). Pahtavaara previously produced over 420koz of gold and 474koz remains in an Inferred mineral resource (4.6 Mt at a grade of 3.2 g/t Au at a 1.5 g/t Au cut-off grade, see the technical report filed on SEDAR entitled “NI 43-101 Technical Report: Pahtavaara Project, Finland” with an effective date of April 16, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd., an independent qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects). This mineral resource estimate was calculated using the multiple indicator kriging method (MIK) and is classified as Inferred as defined by the CIM. Numbers are affected by rounding. A cut-off of 1.5g/t Au was selected for the reported estimate based on historical breakeven operating costs, recoveries of 85% and a gold price of EUR950/oz. Mineral Resources do not include Mineral Reserves and do not have demonstrated economic viability. There is no certainty that any part of the Mineral Resources will be converted to Mineral Reserves.

The Company also holds a 100% interest in the Hirsikangas property in Central Finland, a 100% interest in the Surf Inlet property in British Columbia, and a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario.

For further information, please contact:

James Withall Chief Executive Officer jwithall@rupertresources.com	Thomas Credland Head of Corporate Development tcredland@rupertresources.com
Rupert Resources Ltd 82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1 Tel: +1 416-304-9004

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

Cautionary Note Regarding Forward Looking Statements
This press release contains statements which, other than statements of historical fact constitute “forward-looking statements” within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. This press release contains forward-looking information in a number of places, such as in statements relating to use or proceeds from the Public Offering and Private Placement, the closing of the Public Offering and Private Placement and the ability to obtain the necessary regulatory approvals. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 29, 2020 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. 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 information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

TSX Venture Exchange: NEV

VANCOUVER, BC, May 17, 2021 /CNW/ – Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) is pleased to report that its joint venture partner, New Placer Dome Gold Corp. ("New Placer Dome") (TSXV: NGLD) has provided results from an induced polarization ("IP")/resistivity ground geophysical survey completed in 2020 at the Kinsley Mountain Gold Project ("Kinsley Mountain") located near Wendover, Nevada. Nevada Sunrise holds a 20.01% interest in the Kinsley Mountain joint venture, with New Placer Dome, as operator, holding a 79.99% interest.

In 2020, New Placer Dome conducted a review of historical geophysical surveys at Kinsley Mountain and noted chargeability anomalies coincident with high-grade gold mineralization at the Western Flank Zone ("WFZ") within a single 2015 IP/resistivity orientation survey line. Subsequent electrical property measurements of WFZ Secret Canyon shale-hosted gold mineralization and surrounding shale in drill core confirmed an apparent chargeability contrast between mineralized and unmineralized Secret Canyon shale rocks at Kinsley Mountain.

New Placer Dome subsequently commissioned an expanded program of IP/resistivity over the WFZ resource and high-priority Shale Saddle target areas and has confirmed a correlation between the geophysical survey results and historical drilling that intersected high-grade gold in association with sulphide mineralization. The 2020 IP/resistivity comprised a total of 19 line-kilometres over nine lines, including 5 lines at the WFZ and 4 lines at the Shale Saddle target (Figure 1). Drill hole KMR20-035, drilled in the 2020 program, is located on the margin of a larger untested chargeability anomaly (Figure 2).

The results of the 2020 IP/resistivity survey reveal that high-grade gold mineralization at the WFZ is associated with chargeability anomalies along the Kinsley Northwest/Mine fault zone. Multiple chargeability anomalies have been identified at the high-grade WFZ and Shale Saddle targets that warrant expansion of the IP geophysical grid and follow-up drill testing.

Key Points:

High-grade, shale-hosted gold mineralization at the WFZ exhibits an apparent chargeability contrast with unmineralized shales representing an important new gold mineralization vector at Kinsley Mountain.
IP/resistivity surveys have defined multiple untested chargeability anomalies at the WFZ and Shale Saddles that warrant follow-up drill testing.
Expanded IP/resistivity surveys are warranted to the south to cover the Secret Spot oxide and high-grade sulphide new discovery.

Figure 1. Western Flank Zone IP Chargeability Section L450E (CNW Group/Nevada Sunrise Gold Corporation)

Figure 2. Shale Saddle Target IP Chargeability Section L6600N (CNW Group/Nevada Sunrise Gold Corporation)

Methodology and QA/QC

Two IP/resistivity grids were completed during 2020 covering the WFZ and Shale Saddle target areas. Five lines spaced 150 metres apart were completed at Western Flank and four lines spaced 150 metres apart were completed at Shale Saddle. Line lengths ranged from 1,300 metres to 2,300 metres. Data were collected using the Direct Current Resistivity, Induced Polarization ("DCIP") method, on a 16-channel pole-dipole array with a dipole size (a-spacing) of 100 m. A GDD GRx16 receiver and GDD 5000W-2400V-20A IP Tx model Tx4 transmitter was used. Raw data were loaded into Geosoft Oasis Montaj software for quality control and review. The reviewed data were used to produce pseudo section plots of apparent resistivity and apparent chargeability and were the input for the inversion. Inversions were completed using the UBC-GIF DCIP2D inversion codes. Each line of data was inverted independently. The resistivity and IP inversion is a two-step process. The resistivity inversion is run first, and this model is used in the chargeability inversion. Multiple inversions were completed for quality control.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr., CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Allender has examined the information provided by New Placer Dome, which includes the data disclosed underlying the information and opinions contained herein.

For additional information on Kinsley Mountain and Nevada Sunrise, please visit the Company's website at: Nevada Sunrise Gold Corp

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover. The 2020 Kinsley Mountain reverse circulation ("RC") and diamond drill campaign was completed in November 2020 and comprised 49 drill holes totaling 17,970 metres (58,957 feet) testing five target areas within the greater resource area, which consisted of 39 RC holes for 13,610 metres (44,652 feet) and 10 diamond drill holes for 4,360 metres (14,305 feet), with 3 holes abandoned and re-drilled from the same locations.

Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold¹.

¹ Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR (www.sedar.com).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located within the Clayton Valley basin near Silver Peak, Nevada, and water permit 86863, located in the Lida Valley basin, near Lida, Nevada.

FORWARD LOOKING STATEMENTS
This release may contain 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 and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the interpretation and actual results of historical production at Kinsley Mountain, reliance on technical information provided by third parties on any of our exploration properties, including access to historical information on the Kinsley Mountain property as well as specific historical data associated with drill results from the property, technical information received from New Placer Dome Gold Corp., current exploration and development activities; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; failure of New Placer Dome Gold Corp. to complete anticipated work programs; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Three Months ended December 31, 2020, which is available under Company's SEDAR profile at www.sedar.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation 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 the account or benefit of any U.S. person.

Nevada Sunrise Gold Corporation Logo (CNW Group/Nevada Sunrise Gold Corporation)

SOURCE Nevada Sunrise Gold Corporation

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DENVER, CO / ACCESSWIRE / May 17, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") announces the addition of Alberto Reyes to the Company's senior leadership as its new Chief Operating Officer.

Mr. Allen Palmiere, President and Chief Executive Officer of Gold Resource Corporation, said, "I would like to welcome Mr. Alberto Reyes to Gold Resource Corporation's senior leadership team. A mining executive with over 20 years of global mining experience, sound technical knowledge and a genuinely practical leadership approach. Alberto is known for producing higher performance operations, unifying workforces and delivering results. I expect that Alberto's addition will allow us to embed these principles with the employees, enabling us to achieve our strategic vision, improve our safety record and operation's performance, and effectively improve our margins."

Mr. Alberto Reyes, a B.Eng by training, has more than 20 years of experience in the mining industry in an operational capacity. His international experience includes North and Latin America, South Africa, Australia, the Philippines, Ghana, and Brazil. Mr. Reyes' expertise includes operations, mine planning, feasibility studies, developing cost-saving strategies, and community and government relations. Mr. Reyes has progressively held more senior roles in Newcrest Mining LTD, GoldFields International Ltd. Luna Gold Corp, and most recently Vice President of Operations at Coeur Mining. Mr. Reyes possesses a B.Eng Mining from Laurentian University, Sudbury, Ontario, is a Chartered Professional Mining and a qualified person with the AusIMM.

About GRC:

Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

Contacts:

Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/647670/Gold-Resource-Corporation-Strengthens-Senior-Leadership-With-Addition-of-Alberto-Reyes-as-New-Chief-Operating-Officer

Denver, CO, May 17, 2021 (GLOBE NEWSWIRE) — Intrepid Potash Inc. (NYSE:IPI) (“Intrepid”) today announced the following updates to its fertilizer pricing.

Effective May 17, 2021, Intrepid increased its Trio^® price by $20 per ton on all product grades. Trio^® price is now posted at $100 per ton above the 2020 summer-fill value.
In response to fill programs announced by competitors in early May, Intrepid increased its potash price by $20 per ton last week. Potash price is now posted at $150 per ton above the 2020 summer-fill value.

“Tightening supply and strong farmer economics have Intrepid on pace for record domestic deliveries of Trio^® in the first half of 2021.” said Bob Jornayvaz, Intrepid's Executive Chairman, President, and CEO. “At today’s commodity prices, Trio^® continues to provide significant nutrient value to both row crops and chloride-sensitive crops such as citrus and potatoes. The potash fill program allowed for a limited order period for historic volumes and distributors are restocking warehouses ahead of what will likely be another strong fertilizer application in the second half of the year.”

About Intrepid:

Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed, and the oil and gas industry. Intrepid is the only U.S. producer of muriate of potash, which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications, and used as an ingredient in animal feed. In addition, Intrepid produces a specialty fertilizer, Trio^®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. Intrepid also provides water, magnesium chloride, brine, and various oilfield products and services.
Intrepid serves diverse customers in markets where a logistical advantage exists and is a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly production. Intrepid's mineral production comes from three solar solution potash facilities and one conventional underground Trio^® mine.

Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for new postings.

Forward-Looking Statements:

This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws. Forward-looking statements contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management's control) that may cause Intrepid’s actual results in future periods to differ materially from anticipated or projected results. Forward-looking statements in this press release include, among others, statements regarding Intrepid’s expectations for future fertilizer pricing and demand. An extensive list of specific material risks and uncertainties affecting Intrepid is contained in its Annual Report on Form 10-K for the year ended December 31, 2020, and other quarterly and current reports filed with the Securities and Exchange Commission from time to time. Any forward-looking statements in this press release are made as of the date of this press release, and Intrepid undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.

Contact:
Matt Preston, Vice President of Finance
Phone: 303-996-3048
Email: matt.preston@intrepidpotash.com

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, reports consolidated financial and operational results for the quarter ended March 31, 2021 along with the progress to reopen the Cosalá Operations, continued exploration success at the Galena Complex and an update for Relief Canyon.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210517005486/en/

Figure 1: Long Section (Looking North) depicting some significant intercepts from 5500 Level drilling (Graphic: Americas Gold and Silver Corporation)

This earnings release should be read in conjunction with the Company’s Management’s Discussion and Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on the Americas Gold and Silver Corporation SEDAR profile at www.sedar.com, and on its EDGAR profile at www.sec.gov, and which are also available on the Company’s website at www.americas-gold.com. All figures are in U.S. dollars unless otherwise noted.

Highlights

● Revenue of $10.2 million and a net loss of $91.8 million for Q1-2021 or a loss of ($0.72) per share, which includes an impairment charge of $55.6 million and an inventory write-down of $23.0 million related to Relief Canyon. Adjusted net loss¹ was $13.2 million prior to these one-time adjustments or ($0.10) per share.

● Following an extensive review and a challenging ramp-up at Relief Canyon, the operation is proceeding with run-of-mine heap leaching. The Company expects this change will improve overall project economics going forward.

● The Company is confident that a resolution will be reached to reopen the Cosalá Operations with all employees returning to work in the near term with a ramp-up to full production in Q3-2021. Full Mexican government support will ensure the long-term stability of the operation.

● At the Galena Complex, geologists have located and drilled the downdip extension of the prolific Silver Vein. All of the first 8 holes hit high-grade mineralization highlighted by the following:

Hole 55-175A: 7,370 g/t silver and 6.3% copper (8,020 g/t silver equivalent ^[2]) over 2.7 m ^[3]

including: 30,200 g/t silver and 26.1% copper (32,900 g/t silver equivalent) over 0.3 m

including: 23,000 g/t silver and 17.0% copper (24,800 g/t silver equivalent) over 0.2 m

including: 11,500 g/t silver and 10.0% copper (12,500 g/t silver equivalent) over 0.2 m

Hole 55-148: 5,320 g/t silver and 4.1% copper (5,730 g/t silver equivalent) over 0.8 m

including: 10,200 g/t silver and 7.9% copper (11,000 g/t silver equivalent) over 0.4 m

Hole 55-176: 3,110 g/t silver and 2.4% copper (3,350 g/t silver equivalent) over 1.8 m

including: 23,900 g/t silver and 17.5% copper (25,700 g/t silver equivalent) over 0.2 m

and: 1690 g/t silver and 1.1% copper (1,810 g/t silver equivalent) over 0.4 m

"Based on our latest discussions with both the state and federal Mexican government, we are on the cusp of a resolution to the illegal blockade at our Cosalá Operations and anticipate our employees will be back to work this quarter," stated Americas Gold and Silver President & CEO Darren Blasutti. "The restart of the Cosalá Operations and the recent high-grade Silver Vein discovery at the Galena Complex, near existing infrastructure, will increase exposure to silver and cash flow to the Company and our shareholders. At Relief Canyon, following months of study, we have decided to transition to run-of-mine heap leaching to simplify the flowsheet and improve performance. While the ramp-up has been more difficult than the Company envisioned, I believe this change will lead to better economics and enhanced profitability for the operation."

Relief Canyon

The ramp-up at Relief Canyon has been a challenge and continues to be challenging as documented since the Company first poured gold in February 2020. During this period, the Company and its consultants have performed extensive analyses and implemented a number of procedural changes to address the start-up challenges. As part of this analysis, the Company identified naturally occurring carbonaceous material within the Relief Canyon pit. The identification of this material was not recognized in the feasibility study.

During the first phase of mining (Phase 1 of 5), several adverse impacts affected the operation including the onset of the COVID-19 pandemic and the failure of the Company’s radial stacker. Offsetting these challenges was that the definition of the gold mineralized zones through blasthole sampling reconciled reasonably to the block model. However, during Phase 1, an unknown quantity of carbonaceous material was crushed, stacked and disseminated onto the leach pad resulting in lower-than-expected recovery of the placed gold ore. Following realization of this adverse material, the Company implemented additional measures to the ore control procedure to minimize the impact the carbonaceous material could have on leach pad performance. Additional efforts focussed on improving mining selectivity including the use of a hydraulic excavator operating on split (10 foot) benches when required.

Phase 2 mining, which commenced in late Q4-2020/early Q1-2021, has demonstrated a more structurally complex area than initially interpreted, caused by additional faults and folds. Gold mineralization is strongly influenced by structural controls. The impact of the structural complexity, combined with the increased mining selectivity to reject carbonaceous material, has decreased ore availability in Q1-2021 and into Q2-2021.

As a result of these challenges, the Company began two small run-of-mine test pads in Q1-2021 to evaluate the possibility of simplifying the flowsheet by by-passing the crushing and conveying circuits. Results have been encouraging and the operation has transitioned to this method of ore placement to further demonstrate its applicability with haul trucks now delivering the ore directly from the pit to the leach pad. The Company continues to evaluate options to improve the short-term operational and financial performance of the asset.

Additional improvements in the predictability of the resource model are progressing with incorporation of the latest geological detail from recent pit mapping as well as new data from an extensive re-assaying program of over 10,000 historic exploration pulp samples. Completion of this data compilation and analysis is targeted for late Q3-2021 as part of the Company’s mid-year update of its reserve and resource estimates.

As a result of the differences observed between the modelled (planned) and mined (actual) ore tonnage and the carbonaceous material identified in the early phases of the mine plan, an impairment charge of $55.6 million has been taken in Q1-2021, reducing the carrying value of the Relief Canyon mineral interest, and property, plant and equipment. An additional reduction of $23.0 million was taken to inventory as a result of the decreased recovery expected from crushed gold ounces already placed on the leach pad. As further test work is ongoing, future results may cause a reassessment of the remaining carrying value and cause a subsequent recovery or an increase to the impairment.

Cosalá Operations

The illegal blockade at the Cosalá Operations, which has been in place since February 2020, is nearing a resolution and the Company is confident that the operations will restart this quarter. The expected resolution follows tireless efforts by the Company’s representatives in Mexico in cooperation with various members of as the Mexican federal government, who have sought to properly characterize the nature of the conflict with decision makers (including President Manuel Lopez Obrador) and to establish a framework that will allow for the safe return of the Company’s employees and allow for continuous operation in the long term. The Company understands that a recent positive development in the conflict is the engagement for the first time of state government with its federal counterparts to support a resolution that benefits the people of Cosalá with the peaceful removal of the illegal blockade. Assuming the delivery of agreed conditions and the enforcement of applicable law, the Company eagerly anticipates getting the operation restarted and is targeting full mining operations in Q3-2021.

Upon resolution of the illegal blockade and a re-start of operations, higher silver prices will allow the Company to target the higher-grade silver ores in the Upper Zone of San Rafael and develop the silver-copper EC120 project. Mining these silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver per annum in the years following the removal of the blockade.

Galena Complex

Initial drilling from the new drill station on the 5500 Level has yielded several high-grade intercepts at depth. Galena geologists discovered a new silver-copper trend south of the prolific Silver Vein. The strike and dip of this new trend matches very well with the strike and dip of the majority of the Silver Vein mined from the 3200 Level to the 4300 Level. Initial interpretations are that this trend is either a southern splay of the Silver Vein or that it is the true Silver Vein at depth.

Initial intercepts from the 5500-level drilling includes:

Hole 55-175A: 7,370 g/t silver and 6.3% copper (8,020 g/t silver equivalent) over 2.7 m

including: 30,200 g/t silver and 26.1% copper (32,900 g/t silver equivalent) over 0.3 m

including: 23,000 g/t silver and 17.0% copper (24,800 g/t silver equivalent) over 0.2 m

including: 11,500 g/t silver and 10.0% copper (12,500 g/t silver equivalent) over 0.2 m

Hole 55-148: 5,320 g/t silver and 4.1% copper (5,730 g/t silver equivalent) over 0.8 m

including: 10,200 g/t silver and 7.9% copper (11,000 g/t silver equivalent) over 0.4 m

Hole 55-178: 4,290 g/t silver and 3.1% copper (4,610 g/t silver equivalent) over 0.9 m
Hole 55-146: 3,430 g/t silver and 3.1% copper (3,740 g/t silver equivalent) over 1.1 m

including: 21,800 g/t silver and 18.9% copper (23,700 g/t silver equivalent) over 0.1 m

and: 844 g/t silver and 7.9% lead (1,180 g/t silver equivalent) over 2.0 m

Hole 55-147: 3,290 g/t silver and 3.7% copper (3,680 g/t silver equivalent) over 2.5 m

including: 5,250 g/t silver and 5.7% copper (5,840 g/t silver equivalent) over 1.2 m

and: 1,110 g/t silver and 6.8% lead (1,430 g/t silver equivalent) over 1.6 m

Hole 55-174: 1,750 g/t silver and 2.0% copper (1,960 g/t silver equivalent) over 2.2 m

including: 2,770 g/t silver and 2.5% copper (3,040 g/t silver equivalent) over 0.7 m

Hole 55-176: 3,110 g/t silver and 2.4% copper (3,350 g/t silver equivalent) over 1.8 m

including: 23,900 g/t silver and 17.5% copper (25,700 g/t silver equivalent) over 0.2 m

and: 1,690 g/t silver and 1.1% copper (1,810 g/t silver equivalent) over 0.4 m

and: 758 g/t silver and 0.6% copper (820 g/t silver equivalent) over 1.7 m

Hole 55-144: 749 g/t silver and 0.7% copper (818 g/t silver equivalent) over 0.9 m

East Coeur drilling, which commenced in January 2021, targeting the area between Galena’s historically prolific West Argentine mining front and the Coeur mine continues to provide solid results. Key results from the East Coeur drilling includes:

Hole 34-122: 1,170 g/t silver and 1.3% copper (1,310 g/t silver equivalent) over 1.8 m
Hole 34-125: 1,900 g/t silver and 2.4% copper (2,150 g/t silver equivalent) over 0.4 m
Hole 34-124: 2,590 g/t silver and 2.7% copper (2,870 g/t silver equivalent) over 0.2 m
Hole 34-132: 2,360 g/t silver and 3.6% copper (2,730 g/t silver equivalent) over 0.2 m

Geologists drilled an additional hole further east of the current East Coeur drilling which intercepted a new, un-named vein. Additional drilling is planed to further test this area but initial results are encouraging.

Hole 34-133: 713 g/t silver and 2.0% copper (914 g/t silver equivalent) over 1.4 m

A full table of drill results can be found at:

https://americas-gold.com/site/assets/files/4297/dr20210516.pdf

The Company expects 2021 to be a transitional year at the Galena Complex for future production with continued exploration drilling supporting production growth toward a 2 million silver ounce per year plan. Longer term and assuming continued exploration success, with the results from the 5500 Level and East Coeur drilling providing a solid initial indication, the Company is confident that the operation will again reach peak historical annual production levels of approximately 5 million ounces per year.

The Company is targeting further mineral resource additions at the Galena Complex from the remainder of Phase 1 drilling through June 2021 with the potential increase exceeding the originally targeted addition of 50 million ounces of silver.

At-The-Market Offering

Americas has entered into an at-the-market offering agreement dated May 17, 2021 (the "ATM Agreement") with H.C. Wainwright & Co., LLC (the "Lead Agent") and ROTH Capital Partners, LLC as agents, pursuant to which the Company established an at-the-market equity program (the "ATM Program"). Pursuant to the ATM Program and ATM Agreement, the Company may, at its discretion and from time-to-time during the term of the ATM Agreement, sell, through the Lead Agent, such number of common shares of the Company ("Common Shares") as would result in aggregate gross proceeds to the Company of up to US$50.0 million. Sales of Common Shares, if any, through the Lead Agent, acting as agent, will be made through "at the market" issuances, including without limitation, sales made directly on the NYSE American LLC or other existing trading market for the shares in the United States at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. No Common Shares will be offered or sold on the Toronto Stock Exchange or any other trading markets in Canada. The ATM Program will be effective until March 1, 2023 unless terminated prior to such date. Americas intends to use the net proceeds from the ATM Program, if any, primarily to support the growth and development of the Company’s existing mine operations as well as working capital and general corporate purposes.

The ATM Program will be made by way of a prospectus supplement dated May 17, 2021 (the "Prospectus Supplement") to the Company's existing Canadian short form base shelf prospectus dated January 29, 2021 (the "Base Shelf Prospectus") and U.S. registration statement on Form F-10, as amended (File No. 333-240504) (the "Registration Statement"), dated January 29, 2021. The Registration Statement was declared effective by the United States Securities and Exchange Commission (the "SEC") on February 1, 2021. The Prospectus Supplement has been filed with the applicable provincial regulatory authorities in Canada and the SEC. The Canadian Prospectus Supplement (together with the related Canadian Base Shelf Prospectus) is available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com. The U.S. Prospectus Supplement (together with the related U.S. Base Shelf Prospectus) is available on the SEC's EDGAR website at www.sec.gov.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Common Shares 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.

About Americas Gold and Silver Corporation

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

Technical Information and Qualified Persons

The scientific and technical information relating to the operation of the Company’s material operating mining properties contained herein has been reviewed and approved by Daren Dell, P.Eng., Chief Operating Officer of the Company. The scientific and technical information relating to mineral reserves contained herein has been reviewed and approved by Shawn Wilson, Vice-President, Technical Services of the Company. The scientific and technical information relating to mineral resources and exploration contained herein has been reviewed and approved by Niel de Bruin, Director of Geology of the Company. Each of Messrs. Dell, Wilson, and de Bruin are "qualified persons" for the purposes of NI 43-101.

The Company’s current Annual Information Form and the NI 43-101 Technical Reports for its other material mineral properties, all of which are available on SEDAR at www.sedar.com, and EDGAR at www.sec.gov contain further details regarding mineral reserve and mineral resource estimates, classification and reporting parameters, key assumptions and associated risks for each of the Company’s material mineral properties, including a breakdown by category.

The diamond drilling program used NQ-size core. Americas Gold and Silver’s standard QA/QC practices were utilized to ensure the integrity of the core and sample preparation at the Galena Complex through delivery of the samples to the assay lab. The drill core was stored in a secure facility, photographed, logged and sampled based on lithologic and mineralogical interpretations. Standards of certified reference materials, field duplicates and blanks were inserted as samples shipped with the core samples to the lab.

Analytical work was carried out by American Analytical Services Inc. ("AAS") located in Osburn, Idaho. AAS is an independent, ISO-17025 accredited laboratory. Sample preparation includes a 30-gram pulp sample analyzed by atomic absorption spectrometry ("AA") techniques to determine silver, copper, and lead, using aqua regia for pulp digestion. Samples returning values over 514g/t Ag are re-assayed using fire-assay techniques for silver. Additionally, samples returning values over 23% Pb are re-assayed using titration techniques.

Duplicate pulp samples were sent out quarterly to ALS Global, an independent, ISO-17025 accredited laboratory based in Reno, Nevada to perform an independent check analysis. A conventional AA technique was used for the analysis of silver, copper and lead at ALS Global with the same industry standard procedures as those used by AAS. The assay results listed in this report did not show any significant contamination during sample preparation or sample bias of analysis.

All mining terms used herein have the meanings set forth in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. These standards differ significantly from the requirements of the SEC that are applicable to domestic United States reporting companies. Any mineral reserves and mineral resources reported by the Company in accordance with NI 43-101 may not qualify as such under SEC standards. Accordingly, information contained in this news release may not be comparable to similar information made public by companies subject to the SEC’s reporting and disclosure requirements

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other precious metals, the expected prices of gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures; the recapitalization plan at the Galena Complex, including the expected production levels and potential additional mineral resources thereat; the expected resolution of the illegal blockade at the Company’s Cosalá Operations and the restart of mining operations, including the expected timing thereof; the Company’s production, development plans and performance expectations at the Relief Canyon Mine and its ability to finance, develop and operate Relief Canyon, including the Company’s determination to proceeding with run-of-mine heap leaching operations and the expected improvement of operations and overall project economics in connection therewith, the timing and conclusions of the data compilation and analysis occurring at Relief Canyon and the potential for reassessment of the remaining carrying value of the Relief Canyon asset; and anticipated offering of Common Shares under the ATM Program and the anticipated use of proceeds from the ATM Program, if any. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential’, "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate the Relief Canyon Project; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. 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. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward‐looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

¹ The Company’s profitability was impacted by non-reoccurring and non-cash charges, specifically $55.6 million in impairment of Relief Canyon’s net assets carrying amount and $23.0 million in inventory write-downs from lowered leach pad gold recoveries.
² Silver equivalent was calculated using metal prices of $20.00/oz silver, $3.00/lb copper and $1.05/lb lead.
³ Meters represent "True Width" which is calculated for significant intercepts only and is based on orientation axis of core across the estimated dip of the vein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210517005486/en/

Contacts

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

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

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Figure 1

Drilling locations and significant results from recent drilling.

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Property map showing the location of prospects mentioned in this release.

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