We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Playfair Mining Ltd. (CVE:PLY), you may well want to know whether insiders have been buying or selling.

What Is Insider Buying?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.

Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

Check out our latest analysis for Playfair Mining

The Last 12 Months Of Insider Transactions At Playfair Mining

In the last twelve months, the biggest single purchase by an insider was when insider Alan Brimacombe bought CA$65k worth of shares at a price of CA$0.05 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.17. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 3.58m shares for CA$298k. On the other hand they divested 30.00k shares, for CA$4.8k. In the last twelve months there was more buying than selling by Playfair Mining insiders. Their average price was about CA$0.083. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Playfair Mining is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Playfair Mining Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Playfair Mining insiders own 26% of the company, worth about CA$3.9m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Playfair Mining Insider Transactions Indicate?

The fact that there have been no Playfair Mining insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Playfair Mining and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Playfair Mining. You'd be interested to know, that we found 3 warning signs for Playfair Mining and we suggest you have a look.

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

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

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

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

Not for distribution to U.S. Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / May 13, 2021 / Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce a non-brokered private placement offering of up to 3,750,000 working capital units (the "WC Units") of the Company at a price of $0.08 per WC Unit for up to $300,000 (the "Offering").

Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one-half (0.5) of a common share purchase warrant with each full warrant (a "WC Warrant") entitling the holder to acquire one (1) common share at a price of $0.15 until two (2) years following the Closing of the Offering. The proceeds from the Offering will be used for general working capital, property acquisition, exploration and expenses of the offering.

In connection with the WC Offering, the Company may pay a finder's fee to qualified finders in consideration for their assistance with the Offering. The finder's fees may be payable in cash and securities of Bold at the discretion of the Company and in accordance with the rules of the TSXV.

All securities to be issued pursuant to the Offering are subject to a statutory four-month and one day hold period and regulatory approval. Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.

For additional information contact 416-864-1456 or email: info@boldventuresinc.com.

About Bold Ventures Inc.

The Company explores for Gold and Base metals in Canada. Bold is exploring properties located within active gold camps of Northern Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.

"David B Graham"
David Graham
President and CEO

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Bold Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/647150/Bold-Ventures-Announces-Non-Brokered-Private-Placement

VANCOUVER, BC, May 13, 2021 /PRNewswire/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American Silver" or the "Company") today reported the voting results from its annual general and special meeting of shareholders held May 12, 2021 in Vancouver, British Columbia (the "Meeting"). Each of the matters voted upon at the Meeting is described in detail in the Company's Management Information Circular dated March 22, 2021, which is available on the Company's website at panamericansilver.com.

A total of 136,374,011 common shares were represented at the meeting, being 64.86% of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditors for the ensuing year and the authorization of the directors to fix the auditor's remuneration, the acceptance of the Company's approach to executive compensation, known as "say-on-pay", and the election of management's nominees as directors.

Election of Directors

As previously announced on February 3, 2021, Ross Beaty retired from the Company's Board of Directors and has been designated Chair Emeritus. Gillian Winckler has been appointed the Company's new Chair. We are also pleased to announce the election of Jennifer Maki to the Company's Board.

About Pan American Silver
Pan American Silver owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. As the world's second largest primary silver producer with the largest silver reserve base globally, we provide enhanced exposure to silver in addition to a diversified portfolio of gold producing assets. Pan American Silver has a 27-year history of operating in Latin America, earning an industry-leading reputation for corporate social responsibility, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".

Learn more at panamericansilver.com.

View original content:http://www.prnewswire.com/news-releases/pan-american-silver-announces-results-of-annual-general-and-special-meeting-301291383.html

SOURCE Pan American Silver Corp.

One thing we could say about the analysts on Pretium Resources Inc. (TSE:PVG) – they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.

Following the latest downgrade, Pretium Resources' four analysts currently expect revenues in 2021 to be US$646m, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing US$729m of revenue in 2021. The consensus view seems to have become more pessimistic on Pretium Resources, noting the substantial drop in revenue estimates in this update.

Check out our latest analysis for Pretium Resources

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Pretium Resources' revenue growth is expected to slow, with the forecast 2.6% annualised growth rate until the end of 2021 being well below the historical 19% p.a. growth over the last three years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 4.8% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Pretium Resources.

The Bottom Line

The clear low-light was that analysts slashing their revenue forecasts for Pretium Resources this year. They also expect company revenue to perform worse than the wider market. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Pretium Resources after today.

Want to learn more? At least one of Pretium Resources' four analysts has provided estimates out to 2025, which can be seen for free on our platform here.

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – May 13, 2021) – Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") has announced the appointment, effective immediately, of Mr. Travis Naugle as CEO and Mr. Stephen Goodman as President.

Mr. Naugle is a seasoned executive and officer in gold, copper and strategic & critical metals mining companies. He has led in the design, construction, and operation of mining projects in the U.S., Eurasia, Russia, and Asia. His track record includes a focus on environmental and sustainability initiatives in collaboration with local and indigenous peoples, numerous asset- and company-level transactions, negotiating international joint ventures, and securing a bilateral mining treaty between two sovereign nations. A licensed Professional Engineer, Mr. Naugle received his MBA from the University of Chicago Booth School of Business and holds a degree in mining engineering from Montana Tech.

Mr. Goodman has been involved as a senior executive, director and investment banker in several hundred million dollars of acquisition, exploration and production financings for mining companies listed on the CSE and TSX-V. After several years at Canaccord Capital, he moved to New York to work as an investment banker working at firms including Casimir Capital, Knight Capital Group, KGS Alpha Capital Markets (now BMO) and StormHarbour Securities LP. Mr. Goodman is a graduate of the University of Western Ontario, attained a Master of Business Administration from the Institut des Hautes Etudes Economiques et Commerciales in France; and Post-Graduate Diploma in Asia Management from Capilano University.

"These appointments underscore Quaterra's resolve to move the MacArthur oxide copper deposit toward production as quickly as possible," states Quaterra Chairman Tom Patton. "Travis and Stephen will work collaboratively to complete a Prefeasibility Study, and with favorable results, to advance the financing and development of a mine."

Quaterra began a 7,000-10,000-foot core drilling program at MacArthur on May 4^th (Please see News release of May 7, 2021 for details). This drilling program is the first major step toward completion of a prefeasibility study (PFS) which will be followed by a program of large diameter core drilling for the purpose of obtaining fresh samples for metallurgical testing; column leach testing to refine estimates of copper recovery and acid consumption; and mine plan optimization and financial model updating.

The Company estimates that completion of the PFS will require 12-15 months and an expenditure of US$3.5M-$4.0M, dependent upon results and the availability of funds. The successful completion of the PFS will substantially de-risk the project and inform whether the project should proceed to permitting, development, construction and operation.

About Quaterra Resources Inc.

Quaterra Resources Inc. is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is advancing its Yerington copper project in the historic Yerington Copper District, Nevada. It continues to investigate opportunities to acquire prospects in North America on reasonable terms and the partnerships with which to advance them.

On behalf of the Board of Directors,
Thomas Patton, Chairman
Quaterra Resources Inc.

For more information please contact:

Karen Robertson
Corporate Communications
778-898-0057

Jay Oness
Investor Relations
604-808-9479

Thomas Patton, Chairman
Quaterra Resources Inc.
604-641-2758

Email: info@quaterra.com
Website: www.quaterra.com

Disclosure note:

Some statements in this news release are forward-looking statements under applicable United States and Canadian laws. These statements are subject to risks and uncertainties which may cause results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not undertake to update any forward-looking statement that may be made from time to time except in accordance with applicable securities laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83891

NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Westwater Resources, Inc. (NYSE:WWR) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 13, 2021 at 11:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit
https://www.investornetwork.com/event/presentation/78796

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company's profile.

About Investor Network

Investor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on what's trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

View source version on accesswire.com:
https://www.accesswire.com/646916/Westwater-Resources-Inc-to-Host-Earnings-Call

GOLDEN, Colo., May 13, 2021 (GLOBE NEWSWIRE) — Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that it intends to call to order and then immediately adjourn its virtual annual meeting of stockholders commencing Thursday May 13, 2021, at 1:00 p.m. Mountain Time. The adjournment of the virtual annual meeting of stockholders will be until 1:00 p.m. (Mountain Time) on June 10, 2021. No changes have been, or are expected to be, made to the record date or the proposals to be brought before the Annual Meeting, which are presented in the previously distributed proxy statement. The Company has decided to adjourn the virtual annual meeting in order to provide additional time to solicit proxies with respect to proposals presented to the stockholders for approval, specifically, the proposal to amend the Company’s certificate of incorporation to increase the Company’s authorized common stock from 200,000,000 to 350,000,000 shares (“Charter Amendment”). Although nearly 90% of the shares represented by proxies received to date have approved the Charter Amendment proposal, the number of votes in favor of the proposal has not yet reached a majority of the Company’s outstanding common stock, which is required for passage. The Company’s board recommends a vote in favor of the Charter Amendment for the reasons described in the proxy statement, including the need to have sufficient authorized common stock in order to permit the future issuance of common stock to support the growth and expansion of the Company’s business, including future acquisition of mining properties or other companies engaged in the mining business.

Further information regarding the matters to be acted upon at the Annual Meeting is set forth in the proxy statement and other proxy materials for the Annual Meeting. The proxy statement and related materials are available at http://www.proxydocs.com/AUMN. Stockholders of record may submit their votes for matters to be considered at the annual meeting until the polls are formally closed. Stockholders who have already voted in accordance with the instructions contained in the proxy statement and related materials do not need to submit new proxy cards or give new voting instructions unless they wish to change their votes. Stockholders who have not yet voted can still use the proxy cards and voting instruction forms previously provided to them. The Company’s Board of Directors encourages all stockholders to review the proxy statement carefully before voting.

About Golden Minerals
Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on operations at its Rodeo property in Mexico, advancing its Velardeña property in Mexico and, through partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Argentina, and Nevada.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding expectations surrounding the anticipated meeting date for the annual meeting. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

For additional information please visit http://www.goldenminerals.com/ or contact
Golden Minerals Company
Karen Winkler, Director of Investor Relations, (303) 839-5060
SOURCE: Golden Minerals Company

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, Carpentaria Resources (ASX:CAP) shareholders have done very well over the last year, with the share price soaring by 216%. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

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

View our latest analysis for Carpentaria Resources

How Long Is Carpentaria Resources' Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2020, Carpentaria Resources had cash of AU$1.0m and no debt. Looking at the last year, the company burnt through AU$2.0m. That means it had a cash runway of around 6 months as of December 2020. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. The image below shows how its cash balance has been changing over the last few years.

How Is Carpentaria Resources' Cash Burn Changing Over Time?

Carpentaria Resources didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Cash burn was pretty flat over the last year, which suggests that management are holding spending steady while the business advances its strategy. Carpentaria Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

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

Since its cash burn is increasing (albeit only slightly), Carpentaria Resources shareholders should still be mindful of the possibility it will require more cash in the future. Companies can raise capital through either debt or equity. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Carpentaria Resources has a market capitalisation of AU$36m and burnt through AU$2.0m last year, which is 5.5% of the company's market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

Is Carpentaria Resources' Cash Burn A Worry?

Even though its cash runway makes us a little nervous, we are compelled to mention that we thought Carpentaria Resources' cash burn relative to its market cap was relatively promising. Looking at the factors mentioned in this short report, we do think that its cash burn is a bit risky, and it does make us slightly nervous about the stock. On another note, Carpentaria Resources has 5 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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

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

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

NOT FOR DISTRIBUTION TO ANY UNITED STATES NEWSWIRE SERVICES OR OTHERWISE FOR DISTRIBUTION IN THE UNITED STATES

TORONTO, ON / ACCESSWIRE / May 13, 2021 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetree") today announced the expiry of the exercise period in respect of its previously announced rights offering. All unexercised rights expired at 5:00 p.m. (Toronto time) on May 13, 2021 (the "Expiry Time") and are now void and of no value.

The rights offering was over-subscribed and will result in the issuance of 9,420,198 common shares of Pinetree ("Common Shares"), representing 100% of the currently issued and outstanding Common Shares. On closing, Pinetree expects to receive gross offering proceeds of approximately C$17.4 million, the net proceeds of which will be used by Pinetree for general corporate purposes, including to make additional investments. Closing of the rights offering is expected to be completed on or about May 17, 2021.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the "United States" (as defined in Regulation S under the U.S. Securities Act). This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities within the United States, and the securities offered may not be offered or sold in or into the United States unless registered under the U.S. Securities Act and applicable state securities laws, or pursuant to an exemption from such registration requirements as described herein.

Forward-Looking Statements

Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Pinetree or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Pinetree assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances. Accordingly, when relying on forward-looking statements to make decisions, Pinetree cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to closing of the Rights Offering, and the intended use of proceeds therefrom.

About Pinetree Capital Ltd.

Pinetree is a value-oriented investment and merchant banking company focused on the technology sector. Pinetree's common shares are listed on the TSX under the symbol "PNP".

For further information:

John Bouffard
Chief Financial Officer
416-941-9600 x 200
jbouffard@pinetreecapital.com
www.pinetreecapital.com

View source version on accesswire.com:
https://www.accesswire.com/647348/Pinetree-Capital-Announces-Expiry-of-Exercise-Period-of-Rights-Offering

CRANBROOK, BC / ACCESSWIRE / May 12, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) ("EPL" or "Eagle Plains") and Tri Capital Opportunities Corp ("TCAP")(TCAP.P) have executed a formal option agreement (the "Option Agreement") whereby TCAP may acquire up to an 80% interest in EPL's 6,500 ha, 100%-owned Pine Channel project located 43 km west of Stony Rapids, Saskatchewan (the "Property"). Limited drilling has been completed in and around the property area by past operators, which resulted in the successful delineation of mineralization to shallow depths. Potential to test for further continuity at depth is considered to be excellent.

To earn an 80% interest in the property, TCAP will complete $3,000,000 in exploration expenditures, issue 2,000,000 voting class common shares to Eagle Plains and make $150,000 in cash payments over a 4-year period (see details below). EPL will retain a 2.0% net smelter returns royalty on the Property (subject to underlying royalties on certain areas of the Property), which royalty may be purchased by TCAP at any time for CDN$1,000,000. TCAP will be operator of the project.

Eagle Plains acquired the project in 2018-2020 by staking and in part, by purchase from third-party vendors. In 2019 and 2020 EPL completed field programs designed to evaluate and confirm the nature of mineralization previously documented at historical showings.

See Pine Channel Project Map here

Pine Channel Gold Property Summary

The Pine Channel Property consists of 28 mineral dispositions covering 6,502.63 hectares located approximately 40 km west of Stony Rapids, Saskatchewan-the logistics/business hub for northern Saskatchewan. The property can be accessed year-round by float- or ski-equipped aircraft from Stony Rapids, SK. or Fort MacMurray, AB. The eastern and northern part of the property is transected by a high-voltage powerline. Most geological fieldwork is limited to late May to October but other operations such as geophysical surveys and diamond drilling can be completed year-round.

Highlights from documented historical work include:

• North Norite Bay (SMDI 2183): 407.96 g/t (14.39 oz/T) Au over 0.5 m (drill hole)

• ELA (SMDI 1574): 39.96 g/t (1.41 oz/t) Au over 0.55 m (drill hole)

• Holes G-1 and G-3 (SMDI 2329): 3.20 g/t Au over 1 m (drill hole)

• Occurrence No. 6/Occurrence No. 8 (SMDI 1581): 90.6 g/t (3.20 oz/T) Au over 0.2 m (trench)

• Cole Lake Ni-Cu (SMDI 1583): 0.45% Ni over 7.0 m (drill hole), 6.2 g/t Au, 0.01% Ni and 0.06% Cu over 3.0 m (trench)

The main deposit type that is being explored for at Pine Channel is structurally controlled vein-quartz (lode) gold deposits. Mineral occurrences on the Pine Channel Property contain predominantly gold, with rare base-metal occurrences. Within the Pine Channel tenures there are eighteen historical showings reported by the Saskatchewan Mineral Deposit Index (SMDI).

Government mapping in the Pine Channel area dates from 1913, with the first industry work reported in 1950. A total of 51 assessment reports have been filed within the current Pine Channel tenure area. Past operators include Golden Rule Resources Ltd. and Colchis Resources Ltd. who were both active on the project during the 1980's, the last sustained period of exploration in the area. The most recent work prior to Eagle Plains acquiring the claims in 2018 was in 2013 when the area was flown with an airborne Variable Time Domain Electromagnetic ("VTEM") survey focused on locating targets for diamond exploration. There has been a total of 6,066 meters of diamond drilling in 115 historic holes completed within the current Pine Channel property claim boundaries with the majority of the holes completed less than 100 meters in length. Although the wide-spaced drilling did intersect significant gold mineralization in places, much of the drilling was completed using thin diameter core which is considered ineffective for assessing the high-grade "nuggety" gold shears and veins found at Pine Channel.

The first recorded systematic exploration work on the Pine Channel property was in 1950 by Goldfields Uranium Mines. The first significant program on the property was in 1980 by Golden Rule Resources who completed 246 line-km of airborne EM (INPUT) and magnetic surveying. Follow-up ground work located 11 significant occurrences. From 1985-1988 Colchis Resources completed VLF-EM geophysics, biogeochemical surveys, prospecting, soil sampling and trenching followed by shallow diamond drill testing of selected targets.

The Pine Channel project lies within the Tantato Domain which is composed of highly deformed gneisses which form the eastern margin of the Archean Rae Craton. Metamorphic rocks which have been subject to varying degrees of strain form the majority of the property area.

The above results were summarized from SMDI descriptions and assessment reports filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work in the Pine Channel property area.

In 2019-2020, Eagle Plains completed field programs focused on prospecting and mapping in areas of known mineral occurrences. The work confirmed the widespread occurrences of auriferous quartz veins and associated shear systems in the Pine Channel property. Analytical results from the seventy-two rock samples collected in 2020 range from 6 ppb Au to 68,400 ppb Au. Twenty-three of the samples returned greater than 1 g/t Au, and eight returned greater than 10 g/t Au. The most encouraging of the known showings are the ELA Shaft showing (SMDI 1574) and Occurrence No. 6 and No. 8 (SMDI 1581), which both demonstrate anomalous gold geochemical results and potential for extension of known mineralization along strike.

Pine Channel Option Details

Pursuant to the terms of the Option Agreement, upon and subject to receipt of Exchange acceptance for TCAP's Qualifying Transaction, TCAP will have the right to acquire an 80% interest in the Pine Channel Property by:

• paying to EPL an aggregate of CDN $150,000 in cash according to the following schedule:

  • $25,000 on the Effective Date (date of execution of the formal agreement);

  • an additional $25,000 in cash on or before December 31st, 2021;

  • an additional $50,000 in cash on or before December 31st, 2022; and

  • an additional $50,000 in cash on or before December 31st, 2023;

• issuing to EPL an aggregate of 2,000,000 Shares, according to the following schedule:

  • 200,000 Shares on the Bulletin Date;

  • an additional 300,000 Shares on or before December 31st, 2021;

  • an additional 300,000 Shares on or before December 31st, 2022;

  • an additional 500,000 Shares on or before December 31st, 2023; and

  • an additional 700,000 Shares on or before December 31st, 2024; and

• incurring aggregate Exploration Expenditures on the property of:

  • $500,000 on or before June 30th, 2022;

  • an additional $500,000 on or before June 30th, 2023;

  • an additional $800,000 on or before June 30th, 2024; and

  • an additional $1,200,000 on or before June 30th, 2025.

Upon the exercise of the Option and the acquisition of an 80% interest in the Pine Channel Property by TCAP, the Optionor will retain a 2.0% net smelter returns royalty on the Pine Channel Property, and 1.0% of the net smelter returns royalty may be purchased by TCAP at any time for CDN$1,000,000. TCAP will be Operator of the project throughout the term of the option.

Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Director of Eagle Plains Resources Ltd., has prepared, reviewed, and approved the scientific and technical disclosure in this news release.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 37,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Eagle Plains Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/646678/Eagle-Plains-Options-Pine-Channel-Gold-Project-to-Tri-Capital

TORONTO, May 12, 2021 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to provide an update of its exploration and development activities at the Fenelon Gold Property (“Fenelon” or the “Property”), corporate initiatives and planned spending.

Maiden Resource Estimate (“MRE”)

The Company expects to deliver the Maiden Resource Estimate (“MRE”) on the newly discovered zones (Area 51, Tabasco, and Cayenne) and the Gabbro zones by the end of the third quarter of 2021 as scheduled. The MRE is expected to include both a near-surface and an underground component for all these zones.

Surface Exploration Program

Drilling

Wallbridge is conducting a 170,000-metre drill program in 2021, of which 70,000 metres is planned to be completed by early July 2021, in support of the MRE. A total of 33,962 metres has been drilled as of March 31, 2021.

The decision to use directional drilling to control hole deviation, which is slower but optimizes drill hole spacing and meterage for the MRE in the Tabasco, Cayenne and Area 51 zones, means the rate of drilling in the first quarter was lower than the projected 2021 quarterly average. The Company expects to make up any shortfall in metreage during the second half of the year as the resource focused directional drilling gives way to resource expansion drilling and regional exploration.

Assays

Assay turn-around time (“TAT”) has increased by 25% to 35% over the past few months, primarily due to COVID-related restrictions at the assay labs. The Company has now engaged the services of three laboratories, and does not expect the increase in TAT to adversely affect the timing of the MRE.

Most of the holes drilled at Fenelon intersect multiple gold mineralized zones (Area 51, Tabasco, Cayenne and Gabbro). On average, 70% of core is within mineralized envelopes and is therefore sent for sampling and assaying. For clarity, the Company generally announces the assay results for holes once the assays for the entire hole have been received. Delays in the receipt of assays within a hole, either due to unexpected high grades or the processing sequence used by the labs, can cause delays in reporting the assays from the entire hole.

Underground Exploration

In January 2021, Wallbridge announced a 10,000-metre underground exploration development program to create exploration platforms that will allow for more tightly-spaced and deeper drilling in the Area 51, Tabasco and Cayenne zones to further de-risk the project. The 2021 portion of the two-year program was budgeted at approximately 4,800 metres with two crews operating simultaneously on development of exploration platforms in each of the Area 51 and Tabasco zones.

Management has since optimized the development schedule and productivities and will continue this program with one development crew rather than two. As a result, the Area 51 development will be completed prior to starting the Tabasco ramp and the expected underground development will be reduced to 2,500 metres, with a corresponding decrease in expenditures, during 2021.

Permits

As disclosed on January 11, 2021, due to the increased size and scope of the project, the Company has paused the permitting process for a small-scale gold operation in the Gabbro Zone. The Company is now focussing its efforts on submitting permit applications, supported by an updated project description and environmental and social impact assessment, for a much larger and more appropriately sized operation following the delivery of the MRE and associated economic studies.

Planned Spending

At March 31, 2021, cash and equivalents totaled approximately $71 million, and in April 2021 the Company took advantage of an opportunity to complete a flow-through financing for gross proceeds of $20 million (net $18.5 million) at a 58% premium ($0.95) to the then market price of the stock thereby minimizing dilution. Surface, underground exploration and corporate overhead expenditures for the balance of the year based on the revised underground exploration plan discussed above are expected to be approximately $55 million, leaving the Company financed into 2022..

Regional Exploration

The 2021 exploration program includes regional drilling and fieldwork in the second half of the year. This exploration will amount to 10-15 % of the budget and will include approximately 20,000 metres of drilling to test for gold mineralization on various properties within the Company’s large regional land package which includes the Martiniere, Grasset and Casault target areas.

At Martiniere, the Company is planning to evaluate the resource expansion potential of the Martiniere West and Bug deposits, which have a combined historical indicated resource of 7,919,598 t @ 2.32 g/t Au for 590,642 oz and have seen very limited drilling below 350 metres vertical depth. The geology and gold mineralization of these deposits are currently being reviewed internally and an updated 43-101 resource estimate is expected to be prepared along with the Fenelon MRE in Q3 2021. In addition, a number of high-priority grassroots gold targets exist elsewhere on the Martiniere property which may be prioritized for drill testing in 2021.

At Grasset, the Company is planning to follow up on historic intersections in the Grasset Gold showing (1.66 g/t Au over 33.00 metres, including 6.15 g/t Au over 4.04 metres) and elsewhere along the Grasset Ultramafic Complex where assays grading up to 216 g/t Au over 0.78 metres have been returned.

Nickel-Copper-PGE Assets

Wallbridge entered into an operatorship agreement (the “Operatorship Agreement”) with Lonmin Plc (now Sibanye Stillwater) on October 29, 2019 to operate the privately-owned Lonmin Canada (“Loncan”) in return for a 20% ownership interest in Loncan (now diluted to 17.8% due to Loncan equity financing, that Wallbridge chose not to participate in). The decision to proceed with the Operatorship Agreement provided Wallbridge with an interest in an advanced stage property that was complementary to Wallbridge’s own suite of Nickel-Copper-PGE assets. The opportunity, once the Denison Property was closer to production, was to use this project as leverage to advance the Company’s Nickel-Copper-PGE assets either through joint ventures, partnerships, and/or spin outs. Economic evaluation of the Denison Property is currently underway.

With its acquisition of Balmoral Resources Ltd. in May 2020, Wallbridge added several Nickel-Copper-PGE assets in Ontario and Quebec including the Grasset property with its Nickel-PGM resource. As a result, management now believes that it is in the best interest of its shareholders to assess its current Nickel-Copper-PGE assets with Grasset as the most advanced project. Wallbridge is currently reviewing a number of alternative structures to unlock the value of its Nickel-Copper-PGE assets, including joint ventures, partnerships, spin-outs or outright sales, and will provide an update when available.

About Wallbridge Mining

Wallbridge is currently advancing the exploration and development of its 100%-owned Fenelon Gold Property which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern Québec. The Company completed approximately 102,000 metres of drilling in 2020 and has begun a fully-funded 2021 program of approximately 170,000 metres of drilling and 2,500 metres of underground exploration development (Phase 1 of a 10,000-metre program). The Company intends to complete a maiden mineral resource on the Fenelon Gold System in the third quarter of 2021.

Wallbridge now holds several kilometres surrounding its rapidly expanding Fenelon discovery providing room for growth, as well as future mine development flexibility. Wallbridge's land holdings in Québec along the Detour-Fenelon Gold Trend are over 900.0 km², improving Wallbridge's potential for further discoveries for over 90-kilometre strike length in this under-explored belt.

Wallbridge is also the operator of, and a 17.8% shareholder in, Lonmin Canada Inc., a privately-held company with a portfolio of nickel, copper, and platinum-group metals (PGM) projects in Ontario's Sudbury Basin.

This news release has been authorized by the undersigned on behalf of Wallbridge Mining Company Limited.

For further information please visit the Company's website at www.wallbridgemining.com or contact:

Wallbridge Mining Company Limited

Marz Kord, P. Eng., M. Sc., MBA
President & CEO
Tel: (705) 682-9297 ext. 251
Email: mkord@wallbridgemining.com

Victoria Vargas, B.Sc. (Hon.) Economics, MBA
Investor Relations Advisor
Email: vvargas@wallbridgemining.com

This press release may contain certain “forward-looking statements” within the meaning of applicable Canadian securities legislation relating to, among other things, the operations of Wallbridge Mining Company Limited (“Wallbridge” or “Company”) and the environment within which it operates. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans and objectives of Wallbridge, future opportunities and anticipated goals, the Company’s portfolio, treasury, management team, timetable to mineral resource estimation, permitting and the prospective mineralization of the properties, are forward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved”. 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.

By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predicted outcomes could differ materially from those contained in such statements. These risks and uncertainties include, but are not limited to, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other required approval, the actual results of current exploration activities, fluctuations in prices of commodities, fluctuations in currency markets, actual results of additional exploration and development activities at the Company’s projects, capital expenditures, the availability of any additional capital required to advance projects, accidents, or pandemic interruptions.

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. These statements reflect the current internal projections, expectations or beliefs of the Company and are based on information currently available to the Company.

The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon by investors as actual results may vary.

Risks and uncertainties about Wallbridge’s business are more fully discussed in the disclosure material filed with the securities regulatory authorities in Canada and available on SEDAR under the Company’s profile at www.sedar.com. Readers are urged to read these materials and should not place undue reliance on the forward-looking statements contained in this press release.

Covid-19 – Given the rapidly evolving nature of the Coronavirus (COVID-19) pandemic, Wallbridge is actively monitoring the situation in order to continue to maintain as best as possible the activities while striving to protect the health of its personnel. Wallbridge's activities will continue to align with the guidance provided by local, provincial and federal authorities in Canada. The Company has established measures to continue normal activities while protecting the health of its employees and stakeholders. Depending on the evolution of the virus, measures may affect the regular operations of Wallbridge and the participation of staff members in events inside or outside Canada.

VANCOUVER, BC, May 12, 2021 /CNW/ – Trading resumes in:

Company: South Star Mining Corp.

TSX-Venture Symbol: STS

All Issues: Yes

Resumption (ET): 9:45 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

View original content: http://www.newswire.ca/en/releases/archive/May2021/12/c1104.html

VANCOUVER, BC, May 12, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: South Star Mining Corp.

TSX-Venture Symbol: STS

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 7:51 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/May2021/12/c1422.html

By Steven Ralston, CFA

OTC:DYLLF | ASX:DYL.AX

READ THE FULL DYLLF RESEARCH REPORT

Deep Yellow (OTC:DYLLF) (ASX:DYL.AX) continues to achieve a series of highly significant milestones over the last two months towards management’s goal of becoming a Tier I multi-jurisdictional uranium producer during the current uranium up-cycle.

1) 3,213-meter drilling campaign at the Barking Gecko Project completed

a. Two highly prospective zones identified

i. Barking Gecko North: 2 km by 1 km (open to the east, southeast and at depth)

ii. Barking Gecko South: 4 km by 0.5 km (open to the northwest and southeast)

2) In February 2021, a positive Pre-Feasibility Study (PFS) was completed on the Tumas Project, aka the Reptile Project, including a Maiden Reserve for the Project

3) Work on the Definitive Feasibility Study (DFS) commenced in February 2021 with expected completion by the end of calendar 2022

a. 15,000-meter RC infill drilling program at Tumas 3 and Tumas 1 East is in process

i. 6,987-meter RC drilling program at Tumas 3 East was completed in April and an intermediate, updated Mineral Resource Estimate for Tumas 3 East is expected to be announced late May

ii. Currently, RC drilling is occurring at Tumas 3 Central, after which the drilling teams will moved to Tumas West and Tumas 1 East

4) Successful completion of financings to fund management’s dual-pillar growth strategy, namely advancing the Tumas Project to production and becoming a multi-jurisdictional producer

a. The completion of a AUD$ 40.8 million private placement (62,768,803 ordinary shares at AUD$0.65 per share) in February 2021

b. An oversubscribed Share Purchase Plan was completed in late March 2021. Gross proceeds were approximately AUD$2.00 million

c. In June 2022, options exercisable at $0.50 will expire. The exercise of these options would provide the company with about AUD$30 million

d. The net proceeds plus cash on hand will be utilized

i. to fund drilling programs to upgrade and expand the Resources at Tumas

ii. to complete the DFS on the Tumas Project

iii. to pursue acquisitions/ mergers

The management team of Deep Yellow created a producing uranium mining operation (Paladin Energy) during the last uranium cycle, and now has a singular focus to do so again. As important, management is executing on a clear objective of becoming a Tier I uranium producer, defined as a multi-project producer of uranium with the capacity to deliver 5-10 million lbs. of uranium annually. In other words, we expect management to remain focused on pursuing only one or two acquisitions in order to achieve the company’s stated objective and to execute the development of the projects on a rigorous timetable.

The Langer Heinrich uranium mine is situated 30km northeast of the Tumas Project. Deep Yellow’s executive team acquired, defined, funded, developed, optimized and operated Langer Heinrich from 2002 to 2017. The geology and type of deposit mineralization in these palaeo-channel systems at Langer Heinrich and Tumas are quite similar, and the mining jurisdiction is one in the same. Management is well-prepared to fast-track Tumas to production during this uranium up-cycle.

Pursuit of Definitive Feasibility Study (DFS) on Tumas Project

Management is pursuing activities that will support the completion of a DFS, including an objective of achieving a +20-year LOM operation, up from the 11 ½ years in the PFS.

Key undertakings are a 15,000-meter infill drilling program (in order to upgrade the existing Inferred Resource to the Indicated category) and optimization workstreams on the development plan. Optimization studies will be conducted on several recommendations detailed in the PFS, including a pit optimization process and metallurgical optimization test work. The metallurgical optimization test work will utilize 1,680 kg of samples that have been received at Perth. Deep Yellow has already expanded its in-house technical team to support these activities. Results of these trade-off and optimization studies are expected to be announced throughout 2021.

If the development process advances smoothly, management anticipates that the Tumas Project will enter production phase in two or three years, which dovetails with the beginning of the expected uranium shortage to become ominous with a blatant supply/demand imbalance in the 2023/24 timeframe with price of uranium increasing the US$60-to-US$70 per lb. range.

DFS-related 15,000-meter Drilling Program

In early February 2021, a 4-month, 15,000-meter infill drilling program commenced to support the DFS. The infill drilling program is expected to better define and, in all probability, upgrade the current Inferred Mineral Resource, which was delineated by former wider-spaced drilling. All drill holes will be surveyed with down-hole radiometric gamma logging.

A key objective of the drilling program is to upgrade the existing Inferred Mineral Resources at Tumas 3 (East & West) and Tumas 1 East to a higher category with a goal of converting 95% of the currently defined Inferred Resource (51.2 million pounds at 249ppm U₃0₈) to Indicated status, similar to the 2020 infill drilling in 2020 at Tumas 3 that upgraded 95% of the then existing Inferred Mineral Resource to the Indicated category. The upgraded Resource is expected to significantly increase the Maiden Reserve under the PFS, thereby expanding the LOM to over 20 years under the DFS.

The host rock, type and grade of mineralization, along with the palaeo-channel shape are quite consistent at Tumas. Furthermore, on 100-meter/kilometer scale, the calcrete-type mineralization is relatively persistent both along the channel and laterally, though over shorter distances (meters), the mineralization can vary considerably. Therefore, management reasonably assumes that 95% benchmark for upgrading Inferred Resources to the Indicated category can be achieved through infill drilling.

15,000-meter Infill Drilling Program Schedule

Feb. 16 – April 28 Tumas 3 East 445 holes (totaling 6,987 meters) – completed

May Tumas 3 Central & West 250 to 300 holes (totaling 4,500 to 6,000 meters)

May – June Tumas 1 East 400 to 500 holes (4,500 to 6,500 meters)

The initial focus was on Tumas 3 East, and then it moved to Tumas 3 Central & West and will conclude at Tumas 1 East. The infill drilling program targets the lateral extensions of the Tumas 3 deposit and the shallow tributaries of Tumas 1 East.

The Phase 1 infill drilling program at Tumas 3 East was completed on April 28, 2021. 445 holes (6,987 meters) were drilled at 100-meter hole spacings which are sufficient to enable a resource conversion from an Inferred to an Indicated Resource category. 48% of the 445 holes returned uranium mineralization greater than 100ppm over 1 meter, and 25% displayed uranium mineralization greater than 200ppm over 1 meter. GT intervals (grade x thickness) confirm grade continuity across the part drilled within the Tumas 3 deposit area.

The best hole was T2I459 which displayed the highest grade (8 meters grading 892 ppm eU3O8 from 4m-to-12m), followed by T3I758 (6 meters grading 688 ppm eU3O8 from 17m-to-23m).

The Phase 2 infill drilling program at Tumas 3 Central and Tumas 3 West commenced in early May, while the Phase 3 infill drill program will focus on Tumas 1 East.

A Mineral Resource Estimate will be produced after the completion of the entire 15,000-meter drill program, though an intermediate Mineral Resource Estimate for Tumas 3 East is expected to be announced in late May.

Follow-up RC drilling Campaign at Barking Gecko (EPL3669) Completed

On March 30, 2021, drilling program comprised of 13 holes totaling 3,213 meters was at the Barking Gecko prospect within the Nova JV. The program of 200-meter spaced holes identified two highly prospective zones: Barking Gecko North and Barking Gecko South. Currently, the dimensions of Barking Gecko South is estimated to be 4 km by 0.5 km (open to the northwest and southeast) while Barking Gecko North is estimated to be 2 km by 1 km (open to the east, southeast and at depth). Management plans to initiate further drilling in the second half of 2021.

The best hole was TN253RC, both in terms of thick uranium mineralization (45 meters grading 222 ppm eU3O8 from 120m-to 165m) as well as highest grade (14 meters grading 404 ppm eU3O8 from 81m-to-95m).

Management’s Objectives

Management’s goal is to advance a Namibian uranium project into production with no less than a 20-year LOM and IRR of at least 20% with annual uranium oxide production in the 2-to-3 million pound range with operating costs in the area of US$30 per pound. In order to extend the LOM from 11 ½ to 20+ years, management is focusing on enhancing and further optimizing the PFS’s Tumas development plan by increasing the available ore reserves through a 15,000-meter RC infill drilling program designed to upgrade already existing Inferred Resources. In addition, certain facets of the mine plan will undergo an optimization process, including mine scheduling and the ore treatment process. These enhancements will be incorporated into the DFS.

Environmental Impact Assessment

Work on the Environmental Impact Assessment (EIA) continues. Baseline studies have commenced on groundwater, radiological, air quality, flora and fauna conditions. 14 water bores have been completed to support the baseline studies. The submission (and approval) of an EIA is required before the Environmental Commissioner can issue an Environmental Clearance Certificate (ECC), which is a requirement for a Mining License.

Mining License

Management anticipates submitting an application for a Mining Lease for the Tumas Project area in the quarter ending June 30^th. The application may cover as much as 60 kilometers of Tumas palaeo-channel system.

Project and M&A Funding

In late March 2021, Deep Yellow completed an oversubscribed Share Purchase Plan. The company received valid applications for 11,420,000 ordinary shares for the 3,076,923-share offering at AUD$0.65 per share. A pro-rata scale-back was conducted resulting in valid applications receiving only 26.9457% of the amount of shares requested. Gross proceeds were AUD$1,999,968.

Announced on February 18, 2021, an AUD$40.8 million private placement was completed on February 24, 2021. The private placement consisted of the issuance of 62,768,803 ordinary shares at AUD$0.65 per share.

The net proceeds and cash are targeted to fund management’s strategic initiatives, namely

1) the completion of a DFS, including the ongoing drilling programs to expand and upgrade the resource at the Reptile Project,

2) the advancement of the Nova JV’s exploration campaigns and

3) the pursuit of the strategic goal of establishing a multi-jurisdictional uranium company through a selective acquisition and/or merger while the uranium industry is still in a generally low uranium price environment.

Management continues assess and evaluate advanced M&A opportunities.

Valuation

Broadly speaking, the public uranium companies can be grouped into three segments: producers, development companies and exploration companies. Producers are actively mining and generating revenues. Exploration companies are prospecting and/or drilling to establish mineral resources. In between these two segments are the development companies that already have established resources and are advancing through the process to bring a mine in operation, generally from the point of initiating a Pre-Feasibility Study to the actual construction of a mine. The comparable companies to Deep Yellow fall into this category.

Further, the comparable companies have been narrowed through quantitative factors, particularly those with a market capitalization over $70 million and trading above $0.40 per share. This process captures a range of well-funded junior uranium development companies. Currently, the P/B valuation range of these comparable companies is between 1.1 and 9.5. With the expectation that DYLLF will attain an industry average P/B ratio of 5.43, our comparable analysis valuation price target is US$1.23.

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If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop up? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Ultimately this means that the company is earning less per dollar invested and on top of that, it's shrinking its base of capital employed. So after glancing at the trends within Hallador Energy (NASDAQ:HNRG), we weren't too hopeful.

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

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Hallador Energy:

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

0.014 = US$4.2m ÷ (US$384m – US$78m) (Based on the trailing twelve months to March 2021).

Therefore, Hallador Energy has an ROCE of 1.4%. Ultimately, that's a low return and it under-performs the Oil and Gas industry average of 7.8%.

See our latest analysis for Hallador Energy

In the above chart we have measured Hallador Energy's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.

So How Is Hallador Energy's ROCE Trending?

We are a bit anxious about the trends of ROCE at Hallador Energy. The company used to generate 8.5% on its capital five years ago but it has since fallen noticeably. What's equally concerning is that the amount of capital deployed in the business has shrunk by 39% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward.

While on the subject, we noticed that the ratio of current liabilities to total assets has risen to 20%, which has impacted the ROCE. Without this increase, it's likely that ROCE would be even lower than 1.4%. Keep an eye on this ratio, because the business could encounter some new risks if this metric gets too high.

The Bottom Line On Hallador Energy's ROCE

In short, lower returns and decreasing amounts capital employed in the business doesn't fill us with confidence. Investors haven't taken kindly to these developments, since the stock has declined 42% from where it was five years ago. With underlying trends that aren't great in these areas, we'd consider looking elsewhere.

One more thing: We've identified 3 warning signs with Hallador Energy (at least 1 which is significant) , and understanding them would certainly be useful.

While Hallador Energy isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

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.

NEW YORK, NY / ACCESSWIRE / May 12, 2021 / Comstock Mining, Inc. (AMEX:LODE) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 12, 2021 at 11:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit
https://www.investornetwork.com/event/presentation/79022

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company's profile.

About Investor Network

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SOURCE: Investor Network

View source version on accesswire.com:
https://www.accesswire.com/646431/Comstock-Mining-Inc-to-Host-Earnings-Call

PotlatchDeltic Corporation (Nasdaq: PCH) today released its 2020 Environmental, Social, and Governance (ESG) Report. The Report highlights PotlatchDeltic’s continued commitment to environmental stewardship, human capital management, supporting its communities, and towards creating sustainable value.

"Global climate change and the shift to a net-zero economy are challenges that will require us to adapt and innovate. They will create both risks and opportunities, along with complex interdependencies," said Eric Cremers, president and chief executive officer. "PotlatchDeltic is well positioned to face these challenges, with climate change favorably impacting the growth rate of our timber. In addition, we expect to benefit from policy and market opportunities associated with the benefits arising from the role forests play in carbon sequestration and carbon capture in wood products," stated Mr. Cremers.

The 2020 ESG Report was prepared in alignment with guidance from the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD. Support of the UN Sustainable Development Goals has also been incorporated into the Report. The Report can be found in the investor relations section of the Company’s website at www.potlatchdeltic.com.

About PotlatchDeltic

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest practices, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005841/en/

Contacts

(Investors)
Jerry Richards
509-835-1521

(Media)
Anna Torma
509-835-1558

Most readers would already be aware that Aurelia Metals' (ASX:AMI) stock increased significantly by 7.7% over the past week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Specifically, we decided to study Aurelia Metals' ROE in this article.

ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

View our latest analysis for Aurelia Metals

How Is ROE Calculated?

The formula for ROE is:

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

So, based on the above formula, the ROE for Aurelia Metals is:

8.5% = AU$34m ÷ AU$395m (Based on the trailing twelve months to December 2020).

The 'return' is the income the business earned over the last year. So, this means that for every A$1 of its shareholder's investments, the company generates a profit of A$0.09.

What Has ROE Got To Do With Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

A Side By Side comparison of Aurelia Metals' Earnings Growth And 8.5% ROE

When you first look at it, Aurelia Metals' ROE doesn't look that attractive. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 15% either. In spite of this, Aurelia Metals was able to grow its net income considerably, at a rate of 33% in the last five years. Therefore, there could be other reasons behind this growth. Such as – high earnings retention or an efficient management in place.

We then performed a comparison between Aurelia Metals' net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 28% in the same period.

Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Aurelia Metals fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is Aurelia Metals Making Efficient Use Of Its Profits?

Aurelia Metals has a three-year median payout ratio of 48% (where it is retaining 52% of its income) which is not too low or not too high. So it seems that Aurelia Metals is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.

Along with seeing a growth in earnings, Aurelia Metals only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 17% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 17%, over the same period.

Summary

In total, it does look like Aurelia Metals has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

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

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

OTTAWA, May 12, 2021 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announces that since April 30, 2021, holders of warrants to purchase common shares of the Company at an exercise price of $2.00 per warrant (the “Warrants”) have exercised an aggregate 2,400,000 Warrants, resulting in aggregate proceeds to the Company of C$4,800,000 and the issuance of 2,400,000 common shares. The Warrants were issued in connection with a May 2016 financing of the Company and expire on May 12, 2021. The Company expects 166,576 Warrants will expire unexercised.

About Cornerstone

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

Investor Inquiries

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

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

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

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential”, “anticipate”, “forecast”, “believe”, “estimate”, “intend”, “trends”, “indicate”, “expect”, “may”, “should”, “could”, “will”, “project”, “plan”, or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements’, although not all forward-looking statements contain these words. Examples of forward-looking statements in this news release include, but are not limited to, the Company’s expectation that 166,576 Warrants will expire unexercised. Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

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

Most readers would already be aware that Zimplats Holdings' (ASX:ZIM) stock increased significantly by 102% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Zimplats Holdings' ROE in this article.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Put another way, it reveals the company's success at turning shareholder investments into profits.

View our latest analysis for Zimplats Holdings

How To Calculate Return On Equity?

The formula for ROE is:

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

So, based on the above formula, the ROE for Zimplats Holdings is:

29% = US$431m ÷ US$1.5b (Based on the trailing twelve months to December 2020).

The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each A$1 of shareholders' capital it has, the company made A$0.29 in profit.

What Is The Relationship Between ROE And Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

Zimplats Holdings' Earnings Growth And 29% ROE

First thing first, we like that Zimplats Holdings has an impressive ROE. Secondly, even when compared to the industry average of 15% the company's ROE is quite impressive. Under the circumstances, Zimplats Holdings' considerable five year net income growth of 67% was to be expected.

Next, on comparing with the industry net income growth, we found that Zimplats Holdings' growth is quite high when compared to the industry average growth of 28% in the same period, which is great to see.

Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is Zimplats Holdings fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is Zimplats Holdings Efficiently Re-investing Its Profits?

The three-year median payout ratio for Zimplats Holdings is 38%, which is moderately low. The company is retaining the remaining 62%. By the looks of it, the dividend is well covered and Zimplats Holdings is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.

Additionally, Zimplats Holdings has paid dividends over a period of six years which means that the company is pretty serious about sharing its profits with shareholders.

Summary

Overall, we are quite pleased with Zimplats Holdings' performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. To know the 2 risks we have identified for Zimplats Holdings visit our risks dashboard for free.

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.

Platinum Group Metals Ltd. (NYSE: PLG) is a mining and technology company focused on the production of platinum, palladium and rhodium and the use of these metals in emerging battery chemistries.

Precious Metals and the Waterberg PGM Project

Platinum group metals (PGMs) include platinum, palladium, rhodium, iridium, osmium and ruthenium. These metals are known for their purity, high melting points and unique catalytic properties.

Palladium is currently trading near an all-time high of $3,000 per ounce and rhodium is trading at $28,000 per ounce.

Since the 1970s, platinum, palladium and rhodium have been used for catalytic converters — an exhaust emission control device that reduces toxic pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants. The bulk of global PGMs are mined in South Africa and Russia.

The Waterberg PGM Project, located in South Africa on the northern limb of the Bushveld Complex, is a large-scale platinum group metal resource with an attractive risk profile given its shallow nature. The project facilitates fully mechanised production with the potential to have among the lowest operating costs in the PGM sector. The Project was granted a license to mine in early 2021.

Old Car, New Car and Transitioning to Clean Energy

As the electric car market evolves, Platinum Group Metals has plans to enter this market.

In 2019, PLG and Anglo American Platinum launched a new venture, Lion Battery Technologies Inc., to accelerate the development of next-generation battery technology using platinum and palladium. The possibility of creating additional demand for platinum and palladium in the battery technology space is an exciting development and strategically important to both parties.

Lion Battery has entered into an agreement with Florida International University to further advance a research program that uses platinum and palladium to unlock the potential of lithium air and lithium sulfur battery chemistries to increase their discharge capacities and cyclability.

Under the agreement with Florida International University, Lion Battery will have exclusive rights to all intellectual property and will lead all commercialization efforts. Lion is also currently reviewing several additional and complementary opportunities focused on developing next-generation battery technology using platinum and palladium.

“These rare metals have a role in green transportation because they’re a special catalyst. They make more efficient reactions happen,” stated CEO Michael Jones during the Benzinga Small Cap Cleantech Conference in April.

Jones added, “The whole idea of pivoting our way of using energy and going into things like battery electric vehicles is to create a new demand on metals, which, quite frankly, the underlying metals aren’t prepared for. That’s why we’re seeing palladium at $2,800 per ounce and copper at over $4, for example.”

“If we’re going to make this energy transition, we need a lot more of the stuff [platinum and palladium] that’s going to go into these technologies. Investors are so concerned with the technologies but it’s a great opportunity to go one step down and really think about the fundamental materials that are going to feed into clean energy tech,” Jones concluded.

Platinum Group Metals is currently in the early stages of testing the application of these same metals in vehicle batteries. More on this soon to come.

Visit https://www.platinumgroupmetals.net/home/default.aspx for more information.

Platinum Group Metals is a partner of Benzinga. The information in this article does not represent the investment advice of Benzinga or its writers.

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VANCOUVER, BC, May 12, 2021 /CNW/ – Trading resumes in:

Company: American Lithium Corp.

TSX-Venture Symbol: LI

All Issues: Yes

Resumption (ET): 9:30 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/May2021/12/c7853.html

Vancouver, British Columbia–(Newsfile Corp. – May 12, 2021) – Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or "the Company") announces production results for the fourth fiscal quarter ended April 30, 2021, at its San Martin Mine ("San Martin") in Queretaro, Mexico.

"We are focused on two areas for exploration and development at the San Martin gold mine," reported Salvador Garcia, Chief Operating Officer of the Company. "The first is located in the northwest, at the bottom of the mine, where we have drilled 8 positive holes and as a result, we are currently ready to start production. The second area of exploration is located to the east of current operations where we have drilled 4 positive holes. Although excess water has delayed the development of this area, our team is working steadily to address this issue and we expect to resume development in the next two months."

The diamond drill hole exploration continues in both zones where the potential to find additional mineralization is open and there are possibilities of expanding the life of the mine. Of particular note is the eastern zone, where we will further explore the area identified by historical drilling from the surface, located 600 meters from other recent positives holes that were drilled.

"Starcore continues with the philosophy of producing profitable ounces and generating positive cash flow through its operational excellence programs. The impact of these programs has been reflected in the cost savings and productivity reached over the past year".

Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101 and has prepared the technical information contained in this press release.

About Starcore

Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Robert Eadie"
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 x 203
Toll Free: 1-866-602-4935
Email: eeadie@starcore.com

The Toronto Stock Exchange has not reviewed, nor does it accept responsibility
for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83669

Steve Cates Appointed as Chief Accounting Officer and Controller

Westwater Resources, Inc. (NYSE American: WWR), an energy materials company and developer of U.S. mineral resources essential for batteries for energy storage, today announced the appointment of Steven M. Cates as Chief Accounting Officer & Controller ("CAO"), effective May 10, 2021. As the Company’s CAO, Mr. Cates will serve as the principal accounting officer overseeing all accounting operations, financial reporting, tax and treasury functions. Mr. Cates will report to Chief Financial Officer Jeffrey L. Vigil, who will continue to serve as the Company’s principal financial officer.

Christopher M. Jones, President and Chief Executive Officer, said, "As we manage the execution of our graphite business plan and in anticipation of the coming growth of the Company and its business, it is important that we ask strong leaders to join our team with the expertise necessary to support this growth. Steve has answered our call with excellent financial management expertise and his appointment to a senior leadership position strengthens Westwater’s financial management team."

Jeffrey L. Vigil, Vice President-Finance and Chief Financial Officer, said, "After a comprehensive search process that yielded many highly qualified candidates, we are very pleased to have Steve join the Westwater team. Steve is a proven financial manager whose skills and experience will be instrumental in this stage of anticipated growth and value creation at Westwater."

Mr. Cates joins the Company from Apartment Income REIT Corp. (NYSE: AIRC), a real estate investment trust, where he served as Controller. Prior to his time at AIRC, Mr. Cates held various accounting and financial reporting roles at companies including Caliber Midstream Partners, LP, an energy and oil infrastructure company, American Midstream Partners, Newmont Mining Corporation and Thompson Creek Metals Company, Inc. Mr. Cates began his accounting career at KPMG in 2002, where he served as senior manager for audit and advisory services through 2009. Mr. Cates earned a B.S. in Accounting from the University of Redlands and is a Certified Public Accountant in the State of Colorado.

About Westwater Resources

Westwater Resources (NYSE American: WWR) is focused on developing battery-grade graphite. The Company’s projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. For more information, visit www.westwaterresources.net.

Cautionary Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to the potential growth of the Company’s graphite business, commencement of operations at the Company’s proposed pilot plant facilities, future production of battery graphite products, future financing activities and financial resources, and activities involving the Coosa Graphite Project and the Coosa Graphite Deposit. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to successfully construct and operate a pilot plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19 and its potential impacts to the capital markets; (e) operating conditions at the Company’s projects; (f) government regulation of the graphite industry and the vanadium industry; (g) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) currently pending or new litigation or arbitration; and (k) other factors which are more fully described in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210512006033/en/

Contacts

Westwater Resources

Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
Email: Sales@westwaterresources.net

Investor Relations
Porter, LeVay & Rose
Michael Porter, President
Phone: 212.564.4700
Email: Westwater@plrinvest.com

Vancouver, British Columbia–(Newsfile Corp. – May 12, 2021) – IMPACT Silver Corp. (TSXV: IPT) ("IMPACT" or the "Company") is pleased to announce that it has received the report prepared by Condor Consulting, Inc. (Condor) on analysis and interpretation of the geophysical surveys carried out in the 1990's over the Capire area of the Royal Mines of Zacualpan Project. The data analyzed included Induced Polarization (IP), airborne Magnetometer, ground and airborne EM, and Airborne radiometric.

Condor utilized leading edge Inversion processing to produce 3D models of the IP and Magnetometer surveys and combined with the EM surveys has outlined a series of massive sulphide and vein hosted target areas. The data provided by Condor is being incorporated into IMPACT's GIS database and 3D modelling software packages to prioritize new target areas for further exploration. Many of the highest priority targeted areas are located in the same stratigraphy and fall within four kilometers of the Capire open pit mine and so could enhance the economics of the Capire Project (see below). Follow up field work will commence this summer to determine the source of the geophysical targets.

ABOUT IMPACT SILVER

IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10.3 million ounces of silver, generating revenues over $212 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details); Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high-grade silver-gold zones and has place multiple zones into commercial production.

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

Qualified Person and NI 43-101 Disclosure

Wojtek Jakubowski, P.Geo. is a "qualified person" within the meaning of NI 43-101 and has reviewed, verified and approved the technical information disclosure contained in this press release.

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 681 0172 or inquiries@impactsilver.com

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

Forward-Looking and Cautionary Statements

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83805

Vancouver, British Columbia–(Newsfile Corp. – May 11, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report new assay results increasing the area of the CONEJO Zone by 500% at CESAR North, within the wholly-owned CESAR copper-silver project in North Eastern Colombia (refer to Figure 2).

The latest set of assays expands the CONEJO copper-silver zone to an area covering 3.2-km by 1.6-km. The CONEJO zone still remains open in all directions, lying along the mid portion of the 80-kilometre-long CESAR North copper-silver belt. CONEJO assay results include:

• Highlights of 3.0% copper and 22.6 g/t silver over intervals of 1.0-metre by 1.0-metre rock panels;

• Ten rock panel samples returned values above 1.0% copper;

• The CONEJO discovery returned values above 5.0% copper from twenty-three rock panels varying from 5.0-metre by 5.0-metre to 1.0-metre by 1.0-metre;

• Sixty-six panel samples returned values over 1.0% copper (refer to Figure 3 and Table 1).

The CONEJO mineralization occurs both as a stockwork of cross cutting fractures and as disseminated mineralization hosted in igneous rock. Observed minerals include: chalcocite, native copper, cuprite and copper oxides. Epidote is commonly associated with the copper mineralization (refer to Figure 1).

"Newly discovered in March of this year, and although early stage, CONEJO appears to have scalable potential. Systematic mapping is now underway to determine both the density and orientation of the mineralized structures," commented Max CEO, Brett Matich.

"Over the last 18 months, Max has significantly extended CESAR North, consisting of five discoveries spanning over 80-km of strike, demonstrating a district-scale sediment-hosted copper-silver system," he continued.

"In addition, the Max team are eagerly awaiting assay results from another new discovery, the URU zone located 30-km south, which seems to be very similar mineralization to CONEJO," he concluded.

Figure 1. The CONEJO copper-silver mineralization.
https://www.maxresource.com/images/news/MXR_EN_2021-05-11-Figure1.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3834/83549_a84f3cfe3469fa71_002full.jpg

Figure 2. CONEJO zone location.
https://www.maxresource.com/images/news/MXR_EN_2021-05-11-Figure2.jpg

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3834/83549_a84f3cfe3469fa71_003full.jpg

Figure 3. CONEJO sample locations and geochemistry.
https://www.maxresource.com/images/news/MXR_EN_2021-05-11-Figure3.jpg

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3834/83549_a84f3cfe3469fa71_004full.jpg

Table 1. CONEJO assay results. Max cautions investors that rock panel and representative sampling can both be selective and are not necessarily representative of the mineralization.

Max interprets the sediment-hosted stratabound copper-silver mineralization of the Cesar Basin to be analogous to the Kupferschiefer Basin in Poland. The Kupferschiefer deposits, Europe's largest copper source, produced 3MT of copper in 2018 and 40 million ounces of silver in 2019 from an orebody 0.5 to 5.5-metres thick, grading 1.49% copper and 48.6 g/t silver. This silver yield is almost twice the production of the world's second largest silver mine.

Source: World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at CESAR.

CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW

The CESAR project, that covers a significant portion of the 200-km long Cesar Basin in North Eastern Colombia, has now been demonstrated to contain widespread highly prospective copper-silver mineralization.

This region enjoys major infrastructure as a result of oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, jointly owned by global miners BHP Billiton, Xstrata and Anglo American (refer to Figure 2).

Due to the district-scale copper-silver prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:

Advanced Drill Core Analysis and Modelling: ongoing interpretation of seismic sections and analysis of historical drill holes are all being integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia ("IGUN") in Medellín (January 7, 2021 NR);

Geochemical and Mineralogical: geochemical and mineralogy research programs by the University of Science and Technology ("AGH") of Krakow, Poland. AGH bring their extensive knowledge of KGHM's world renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project;

Geophysics: Fathom Geophysics is interpreting regional airborne magnetic and radiometric data, funded by the Company in collaboration with one of the world's leading copper producers;

Proprietary Field Exploration & Techniques: Max's exploration teams continue to explore copper-silver stratabound targets at CESAR;

• CESAR North 80-kilomtre-long-copper-silver belt (refer to Figure 2):

  • In 2020, Max identified the AMS (previously named AM South) and AMN (previously named AM North) stratabound copper-silver zones, collectively spanning over 45-km², with highlight values of 0.1 to 34.4% copper and 5.0 to 305.0 g/t silver over intervals ranging 0.1 to 25.0-metres;

  • In March 2021, Max reported the CONEJO discovery, now spanning an area of 3.2-km by 1.6-km and open in all directions. CONEJO returned values above 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR). Highlight assays above 9% copper and 50 g/t silver:

    • 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre

    • 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre

    • 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre

    • 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre

    • 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre

    • 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre

    • 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre

    • 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre

    • 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre

    • 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre

  • Early April 2021, Max identified the URU zone, located 30-km south of the CONEJO zone. Sampling indicated the presence of copper mineralization extending over 3.7-km, and open in all directions. Rock samples were sent to ALS for analysis, with results expected in May;

  • Late April 2021, Max identified the SP target, which lies along the mid portion of the CESAR North 80-km belt in line with the four previous copper discoveries URU, CONEJO, AMN and AMS. Rock samples were sent to ALS for analysis, with results expected in June;

  • Exploration continues on CONEJO, URU and SP;

• CESAR West: Max has initiated a first pass field program to identify copper-silver mineralization along the new CESAR West 180-kilometre-long copper-silver target zone.

QUALIFIED PERSON

The Company's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person under the definition of National Instrument 43:101.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is an Energy Metals and Precious Metals exploration company, engaged in advancing both its district-scale CESAR copper-silver project in Colombia and the newly acquired RT Gold project in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both sediment-hosted-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.

Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.

For more information visit: https://www.maxresource.com/

TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube

For more information visit: www.tsx.com/venture50

For additional information contact:

Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100

*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information, and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes"

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

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates 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 statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83549

TORONTO, ON / ACCESSWIRE / May 11, 2021 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce a possible source of massive sulphide mineralization intersected in 2 widely spaced holes VA19-48, drilled in 2019, and pre-PJX hole KV90-41 drilled in 1990 on the PJX's Vine Property. The 2 holes are about 700 metres apart. They both intersected massive sulphide mineralization that appears to be similar in style to mineralization that occurs proximal to the Sullivan zinc-lead-silver deposit located 35 km north of the property.

Highlights

• The historical Sullivan deposit has a central vent with zinc and lead mineralization proximal to the vent.

• Tourmaline is a boron based alteration mineral that occurs in and around the Sullivan vent.

• Biogeochem sampling of trees during 2020 identified a boron geochem anomaly (Figure 1 below).

• Biogeochem survey also identified a large zinc/zinc+lead anomalous area proximal to the boron anomaly (Figure 2 below).

• Biogeochem survey may have identified a possible vent at depth that could be the source of what appears to be a New Massive Sulphide (NMS) horizon intersected in PJX's 2019 drill hole (VA19-48) and the Pre-PJX drill hole KV90-41.

• PJX plans to drill a preliminary hole in the coming months to test the potential for a vent with proximal zinc-lead-silver massive sulphide mineralization along the projected extension of the NMS horizon in the vicinity of the boron anomaly.

"The Vine Vein is a surface showing with zinc, lead, copper, gold, and silver" states Mr. John Keating, President and CEO of PJX Resources. "In the 1980's Cominco believed that massive sulphide mineralization in the Vine vein (Figure 3 below) may have been remobilized from a Sullivan type deposit at depth. Cominco drilled holes to 500 m deep at the Vine vein but did not intersect a Sullivan type deposit. The pre-PJX 1990 hole and PJX's 2019 hole intersected the NMS massive sulphide mineralization 300 m deeper than the geological horizon Cominco tested. There have only been a few holes drilled deep enough to test the NMS horizon. We believe there is substantial untested potential to discover a massive sulphide deposit across the Vine Property. Biogeochem sampling may be a good tool to help unlock that potential."

Figure 3

Corporate Update

The Company announces that Mr. Kent Pearson has resigned as a Director of the Company. Kent has been a director with the Company since March, 2011. During his tenure Kent was instrumental in helping to build the Company and broaden its network. The Board would like to thank Kent for his efforts and support. The Board wishes him success in his future endeavors.

Qualified Persons

The foregoing geological disclosure has been reviewed and approved by Dave Pighin, P.Geo., and John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Pighin is the consulting geologist for PJX on the Vine Property and was responsible for managing historical drilling undertaken by Kokanee Exploration in the 1990's. Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper). PJX's primary properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.

Please refer to our web site http://www.pjxresources.com for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com

Forward-Looking Information

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.

Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

SOURCE: PJX Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/646660/Innovative-Biogeochem-Survey-Identifies-Potential-Massive-Sulphide-Target-To-Drill-on-PJXs-Vine-Property

VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture: BRZ) (OTCQB:BLILF) is pleased to provide an update as announced by Minera Salar Blanco (“MSB”).

__________________________________________________________________________________

The Alliance includes off-take, funding rights and further strategic collaboration for new lithium developments in Chile.

_______________________________________________________________________________

MSB is pleased to announce that it has entered into a non-binding Memorandum of Understanding (the “MOU”) with the Japanese conglomerate Mitsui & Co., Ltd., (“Mitsui”) to set up a strategic alliance to advance the development of the Maricunga project (the “Project”).

The MOU intends to create a partnership of the Project. The MOU also addresses the development of the Chilean lithium industry, by partnering to introduce other leading edge efficient and environmentally friendly technologies for processing.

The strategic alliance includes potential off-take and funding rights for the Stage One of the Project; potential participation, off-take and funding rights for future expansions of the Project, and further strategic collaboration for new developments in Chile, based on new technology related to direct lithium extraction (the “DLE”) currently being studied and tested.

In particular, the parties aim to achieve the following goals as a result of such strategic alliance:

• Off-Take Rights – Mitsui will have the right to purchase up to 15,000 tonnes annually of high purity lithium carbonate battery grade production from the Stage One of the Project for 10 years, extendable for 2 consecutive 5 years periods. The parties will agree on a price structure and terms of the off-take in a later stage, in order to be sufficiently bankable to support’s MSB’s debt funding requirements.

  The parties will leverage Mitsui’s considerable global logistics and battery materials marketing expertise on the distribution of the products.

• Right to Participate in Funding of Maricunga’s Stage One – Mitsui will have the right to participate directly in the funding of the Stage One of the Project. The parties will consider an optimized funding structure through a combination of equity-like and debt-like options.

• Participation in Future Expansions, Off-Take and Funding Rights – Subject to the parties agreeing to a financing proposal where Mitsui provides a relevant portion of the necessary funding of the capital expenditures required for the future expansion of the Project, Mitsui will have the first option for an off-take agreement to purchase a relevant portion of the future production of the expansion.

  MSB will use its best efforts to utilize new technology related to the DLE currently being studied and tested by Mitsui’s technical partners.

• Further Strategic Collaboration – MSB will collaborate with Mitsui for the development of other lithium related businesses in the country by introducing efficient and environmentally friendly processing technologies. In this context, MSB will commit to collaborate with Mitsui and its technical partner to facilitate the development and testing of the DLE technology at the Maricunga Salar, and provide a broader platform for the promotion of this technology.

Terms and details of the definitive agreements will be finalised after completion of all necessary due diligence and transaction structuring and subject to each party’s internal approval.

Minera Salar Blanco’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are incredibly pleased to have reached a mutually beneficial MOU with Mitsui. The MOU is comprehensive, and it sets a framework for the Stage One of the Project development to proceed with the backing of a world-renowned partner. We look forward to finalising the definitive agreements with Mitsui and working with them on mutually beneficial lithium projects and positive outcomes for the Chilean lithium industry.

About Minera Salar Blanco (MSB)

MSB is the owner of a lithium and potash project in Chile’s III Region, at the Maricunga Salar, which is in a very advance stage of development, having received its environmental approval on February 4th, 2020 by the Chilean authorities (Resolution #94) and with its definitive feasibility study released in January 2019, now being updated. The Project is in its first stage denominated the “Stage One” with a nameplate capacity of 15,000 annual tonnes of high purity lithium carbonate (the “Products”) over a 20-year mine life. It also provides significant future expansion potential from subsequent stages to be developed over the other part of the mining concessions owned by MSB.

About Mitsui & Co. Ltd

Mitsui & Co., Ltd (8031: JP) is a global trading and investment company with a diversified business portfolio that spans approximately 64 countries in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania.

Mitsui has over 5,600 employees and deploys talent around the globe to identify, develop, and grow businesses in collaboration with a global network of trusted partners. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries.

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.35% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 60 million has been invested in the Maricunga Project. All Project Expenditures through to the delivery of a Definitive Feasibility Study in January 2019 have been fully funded by the 51% earn-in joint-venture partner, Lithium Power International.

ON BEHALF OF THE BEARING LITHIUM BOARD

Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.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 Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved.. Actual future results may differ materially. 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. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) is pleased to announce that President and CEO, Jordan Trimble, will present at the Red Cloud Conference "Uranium: Fueling the Path Towards Electrification", which will take place virtually on May 13, 2021.

Mr. Trimble will provide an overview of Skyharbour's current activity as an exploration company, together with next steps for the Company's high-grade uranium exploration projects and prospect generator model in Saskatchewan.

Skyharbour Presentation

• Date: May 13, 2021

• Time: 1:40pm ET / 10:40am PT

• Spokesperson: Jordan Trimble B.SC., CFA, President and CEO

Investors interested in attending the Skyharbour Resources webcast at the event can register here:
https://www.redcloudfs.com/uraniumconference2021/

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects covering over 240,000 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U₃O₈ over 5.9 metres including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265 metres. The Company has plans for upcoming drill programs at the project.

Skyharbour has a joint-venture with industry-leader Orano Canada Inc. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project. Skyharbour also has a joint-venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.

The Company also owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin, which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U₃O₈ at 0.03% and 5.3 million pounds of ThO₂ at 0.023%. Skyharbour has signed a Definitive Agreement with ASX-listed Valor Resources on the Hooke Lake (previously North Falcon Point) Uranium Project whereby Valor can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance.

Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/maps/SYH-Athabasca-Map.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

“Jordan Trimble”
_________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Spencer Coulter
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to provide an update on its Back Forty Project in Michigan.

Optimized Feasibility Study
In March 2021, Aquila engaged Osisko Technical Services ("OTS") to lead an optimized feasibility study (the "Feasibility Study") for the Back Forty Project. Aquila is leveraging OTS’ combined engineering, permitting, construction and operating expertise to unlock value and advance the Back Forty Project through its next phase of development.

A key objective of the optimized Feasibility Study is to reflect feedback from the Michigan Department of Environment, Great Lakes & Energy ("EGLE") and the local community since the original Back Forty permits were issued. By incorporating the underground mine plan in the Feasibility Study and modifying the Project footprint, the Company expects to demonstrate substantially reduced surface impact, including wetland impacts, and a longer mine life for the benefit of all stakeholders.

Current Feasibility Study activities are focused on:

• Evaluating open pit configurations and surface infrastructure layouts that avoid direct impact to regulated wetlands;

• Progressing underground mine planning including ore delivery scheduling, ventilation, and confirming the location of the box cut;

• Updating the mineral resource estimate using current metal prices and Net Smelter Return calculations; and

• Preparing samples for additional metallurgical tests to support a simplified process flowsheet and enhanced gold recoveries.

Subject to securing additional funding, the Company’s objective is to complete the Feasibility Study in Q4 2021.

Guy Le Bel, President & CEO, commented, "We are committed to advancing the Back Forty Project with a collaborative approach that integrates feedback from the community. Our goal is to design, build and operate a 21st century mine in sync with American values of safety, quality work, leading-edge technology, and environmentally responsible mineral extraction. The resulting mine will offer over a decade of net benefits to local and regional communities while being protective of the environment."

Permitting
The Feasibility Study design will build on the substantial technical and environmental work that Aquila has completed since the submission of the original permit applications and the completion of the 2018 open pit feasibility study. Given the enhancements to the Project and the ability to demonstrate substantially reduced environmental impact by incorporating the underground mine plan, Aquila believes the most efficient path to shovel-ready status is to focus efforts on successfully permitting the optimized Feasibility Study design.

As such, the Company has determined not to proceed with its appeal of the January 2021 decision by an Administrative Law Judge to deny the prior issuance of the Wetlands Permit. The Feasibility Study team is focused on a design seeking to avoid direct impacts to wetlands. Even if a Wetlands Permit is required, Aquila expects that it will be able to secure a re-issued permit from EGLE based on the fieldwork already completed under the existing Wetlands Permit and progress on the groundwater modeling that would be used to support any estimates of indirect wetland impacts.

The Company has also determined not to proceed with the contested case of the amended Mining Permit. As the amended Mining Permit only contemplates the open pit portion of the Project, there is no benefit to continuing to dedicate resources to a permit under which the Company does not plan to proceed. Following the completion of the Feasibility Study, the Company will submit an application for a Mining Permit that reflects the optimized design, including the underground mine plan. Should a Wetlands Permit and Dam Safety Permit be required, the Company will submit applications for these permits concurrent with the Mining Permit application. A key benefit of this approach is that it should facilitate a consolidated review process and, compared to a sequential process, compress the timeline to permit issuances.

The Company is maintaining its Air Permit and National Pollutant Discharge Elimination System (NPDES) Permit in good standing and will proceed with timely renewals of these permits, as required.

ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development‐stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is currently advancing pre-construction activities for its flagship 100%‐owned gold and zinc‐rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

Aquila has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold. Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" 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". In particular, this news release contains forward-looking information pertaining to the following: the ability of the Company secure additional funding and complete the Feasibility Study on the timeline provided or at all, the outcome of the Feasibility Study, the ability of the Company to successfully permit the Back Forty Project, and other development plans and objectives. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability of the Company to close the Offering; risks and uncertainties related to the availability of further advances of the remaining deposit under the Gold Stream; the availability of senior construction financing for the Back Forty Project; risks with respect to the COVID-19 pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210511005481/en/

Contacts

Guy Le Bel, President & CEO
Tel: 450.582.6789
glebel@aquilaresources.com

Barry Hildred, Executive Chair
Tel: 647.943.5672
bhildred@aquilaresources.com

David Carew, VP Investor Relations
Tel: 647.943.5677
dcarew@aquilaresources.com