Vancouver, British Columbia–(Newsfile Corp. – May 4, 2021) – Seahawk Gold Corp. (CSE: SHV) ("Seahawk") announces that it has entered into an arms length agreement, dated April 30^th, 2021, with Sama Resources Inc. (TSXV: SME) ("Sama") for the acquisition of Sama's Zwedru South Project, St-John River Gold Project and the Nuon Project, each of which is located in Liberia, Africa (the "Projects").

The acquisition will be effected by the purchase from Sama of its subsidiary Sama Resources Development Corp. (Cayman) ("Sama Cayman"), which holds 100% of the issued and outstanding securities of Sama Resources Liberia Inc. ("Sama Liberia"). Sama Libera holds all rights, title and interest in and to the Projects. In consideration for the purchase of Sama Cayman, Seahawk will issue 8,500,000 of its common shares to Sama (the "Consideration Shares"), which will result in Sama holding 20.8% of Seahawk's outstanding shares following the issuance of the Consideration Shares. This will not effect a change of control, and there are no finders fees payable to this transaction.

Giovanni Gasbarro, CEO of Seahawk, commented that, "Seahawk is very pleased with enhancing its portfolio of exploration assets with this latest acquisition, and looks forward to working with the Sama team to close the transaction and to discuss opportunities for Seahawk and Sama to collaborate in the further exploration of the Projects."

The Consideration Shares will be subject to a four month hold period from closing under applicable Canadian securities laws in addition to other resale restrictions which will apply to Sama as long as it remains a "control person" of Seahawk. Additionally, Sama elects that the Consideration Shares, to be held in certificate form.

The transaction is subject to various closing conditions in favour of Seahawk, including the satisfactory completion of due diligence by Seahawk, and all applicable shareholder, regulatory and stock exchange approvals for the Transaction having been received by the relevant parties

Seahawk and Sama intend to discuss the potential provision of exploration and other services by Sama to Seahawk in respect of the Projects following closing, which if agreed to will be the subject of separate agreements between Seahawk and Sama.

About Seahawk Gold Corp.

Seahawk Gold Corp. is a publicly traded Canadian resource exploration company trading in Canada (CSE: SHV), the U.S. (OTCQB: SEHKF) and Germany (FSE: 7SR). Seahawk is the 100% owner of four properties along the Urban-Barry Greenstone Belt in the Abitibi sub province of mining friendly Quebec, Canada.

For more information please contact Seahawk Gold Corp. – seahawkgoldcorp.com

Giovanni Gasbarro
CEO and Director
at 1-604-939-1848

Mitchell E. Lavery, P.Geo.
President and Director
at 1-613-298-1596

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82869

Highlights:

A 5 year drill permit is now in place for the upcoming 2021 inaugural diamond drill program on the newly discovered Surebet Zone located on its 100% controlled Golddigger property, Golden Triangle BC.

The upcoming ~ 5000 meter inaugural drill program will target the extensive high-grade gold-silver shear structure discovery at the Surebet Zone both along strike and to depth.

The Surebet Zone is exposed on surface for 1000 meters of strike with 500 meters of vertical relief and remains open. It has an average width of 9.84 meters and grade of 10.68 g/t AuEq (7.59 g/t Au) with 1000 meters of inferred down dip extension that also remains open.

Surebet Zone 3D Model & Proposed Drill Locations Video (Click Here).

TORONTO, May 04, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the “Company” or “Goliath”) is pleased to announce the receipt of all necessary permits for its inaugural diamond drill program to trace the high-grade gold-silver zone seen at surface at the Surebet Discovery at its 100% controlled Golddigger Project. The discovery is located in a world class geological setting near Stewart, BC in the prolific Golden Triangle of British Columbia. Both the Homestake Ridge deposit and Dolly Varden Silver mine are close in proximity.

Goliath has planned for ~ 5000 meter drill program on the Surebet Discovery Zone designed to test the 1000 meter strike length, 500 meters of vertical relief and 1000 meters of inferred down dip extent. The drilling will focus on the high-grade gold-silver mineralization zone exposed at surface over 1000 meters that currently averages 9.84 meters wide and grading of 10.68 g/t AuEq (7.59 g/t Au). The zone remains open (see Company news release dated November 25, 2020). Mobilization for the drill program is scheduled to take place in May.

Mr. Roger Rosmus, CEO of Goliath states: “We are very pleased to have received all permits for the drill program on our newly discovered Surebet Zone. The management, geologic team, institutional investors, and shareholders alike are all looking forward to the inaugural drill program on the Surebet Discovery. Things are certainly shaping up for what is going be a very exciting drill program that is only just weeks away from mobilizing.”

Golddigger Property

The Golddigger property is 23,858.51 hectares (59,646 acres) and in a world class geological setting. It is located on tide water 30 kilometers south east of Stewart BC in the prolific Golden Triangle and only 7km West of the Dolly Varden Mine access road providing for cost effective exploration (Link to Claim Map).

The newly discovered Surebet Zone is located ~8 kilometers S.W. of Fury Gold Mines’ Homestake Ridge deposit, a high-grade gold-silver resource estimate (M&I) that contains 982,700 oz of gold @ 4.99 g/t gold and 19,600,000 oz of silver @ 97.7 g/t silver, with drill intercepts of up to 73 meters of 21 g/t gold and 12 g/t silver (source – Auryn Resources’ PEA & Website) (Link to Regional Map).

Multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 gpt gold equivalent (AuEq) and 7.59 grams per tonne gold (gpt Au) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

The Surebet targets are contained within a shear zone and will be tested in the inaugural 2021 drill program. The high-grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying less than 0.5 gpt AuEq (Link to news November 25, 2020).

The Surebet Zone is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2km of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square km area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

The Company has granted stock options for a total of 285,000 common shares to directors and consultants of the Company. These stock options are exercisable at CDN $0.68 each, which is the closing price on May 3, 2021, and will all expire on May 4, 2026. All stock options are governed by the terms and conditions of the Company's stock option plan.

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

All rock, channel and talus fine samples were crushed and pulverized at MSALABS's laboratory in Terrace, BC. MSALABS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay and metallic screen fire assay in Langley, BC. The pulps were also assayed using multi-element aqua regia digestion at MSALABS's laboratory in Langley, BC. The coarse reject portions of the rock samples, as well as the pulps, were shipped to Goliath Resources Ltd.’s storage facility in Terrace, BC. All samples were analyzed using MSALABS's assay procedure ICP-130, a 1:1:1 aqua regia digestion with inductively-coupled plasma atomic emission spectrometry (ICP-AES) or inductively-coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the FAS-121 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 ppm for silver or 10,000 ppm copper, lead and zinc were additionally assayed using MSALABS's ICA-6xx method particular to each element. This method used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the FAS-425 method which includes a fire-assay fusion procedure with a gravimetric finish. Samples with Au grater than 5 ppm were additionally analyzed using metallic screen fire assay with MSALABS’s MSC-150 or MSC-350 method. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
President and Chief Executive Officer
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

NEW YORK, NY / ACCESSWIRE / May 4, 2021 / Hallador Energy Co. (NASDAQ:HNRG) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 4, 2021 at 2:00 PM Eastern Time.

To listen to the event live or access a replay of the call – visit
https://www.investornetwork.com/event/presentation/78158

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/644109/Hallador-Energy-Co-to-Host-Earnings-Call

VANCOUVER, BC / ACCESSWIRE / May 4, 2021 / Klondike Gold Corp. (TSXV:KG)(FSE:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to report commencement of 2021 exploration beginning at the Virgin Target area on the Company's wholly owned 586 square kilometer Klondike District Property near Dawson City, Yukon Territory.

Program Highlights:

• 2021 exploration/resource drilling program of approximately 6,500 meters will be distributed over three phases and test multiple target areas

• Phase 1 exploration drilling to focus on discovering bedrock sources of gold at the historic the Virgin/Lindow Target areas

• Phase 2 drilling to focus on expanding the discovery at the Stander Zone

• Phase 3 drilling to focus on outlining a maiden resource on targets within the Lone Star Zone

Peter Tallman, Klondike Gold's CEO stated, "The steady and thorough exploration programs of the past several years is now paying off. We're confident in our geologic understanding of the processes that formed widespread gold mineralization in the Klondike District, both placer and hard-rock and we're now set to capitalize on those efforts and insights. We have an abundance of targets to test with our 2021 drilling, some that will build toward our goal of completing a maiden resource estimate at Lone Star, and some that may surprise with new discoveries proximal to historic placer mines. It's going to be an exciting season."

The 2021 Phase 1 diamond drill program is expected to begin shortly. The Phase 1 program comprising approximately 1,000 meters will launch at the Virgin Target area located 10 km north of the Lone Star and Stander Zones, and 6 km from the Company's Dawson City office (see News Release dated February 3, 2021). The Virgin Target area is comprised of the Virgin Mine and the Lindow Showing located 2 km apart along Bear Creek, one of the significant placer gold producing creeks during the Klondike gold rush.

Visible gold in quartz veins at the Virgin Mine was originally discovered in 1902. Underground development consisting of two shafts and two adits was completed by 1913. A ‘stamp mill' was installed in that year which reportedly processed 265 ounces gold from the workings. In 1934 the stamp mill was upgraded from steam to electrical power but little further work ensued and the claims ultimately lapsed. (Source: Yukon Geological Survey Mineral Occurrence data). The area was restaked by Mr. Frank Burkhard in 1976 and Klondike Gold purchased the property directly from the Burkhard family in 2017.

Prospecting grab samples or mapping samples of host rocks collected by the Company (2014 to 2020) have yielded five samples between 5.0 to 14.2 g/t Au, one sample of 0.9 g/t Au, and fourteen samples with no significant assay. (Prospecting samples are selective in nature, non-representative rock grab samples of bedrock or boulders collected to test for the presence or absence of gold and other ‘economic' minerals.) The high assays come from quartz vein material in the main shaft and adjacent workings or from the stamp mill dump pile.

Gold in quartz veins was discovered at the Lindow Showing in 1911 located 2 km south of the Virgin Mine. Underground development consisted of two (or three) shafts and one adit however no contemporary records are known and the workings were obscured by subsequent placer mining.

In 2018 prospecting and mapping by the Company located a bedrock occurrence of visible gold in quartz veins. Twelve prospecting grab samples were collected from outcrop of veining and host rock with eight assaying between 0.2 g/t Au and 4.1 g/t Au and four samples with no significant assay. Recent recompilation and upgraded description of the Lindow Showing published by Yukon Geological Survey led the Company's realization that part of the ‘lost' Lindow Showing had been relocated by 2018 outcrop sampling.

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

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

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

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

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

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

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.

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

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

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/644097/Klondike-Gold-Begins-2021-Exploration-at-Historic-Virgin-and-Lindow-Showings

Palladium futures touched their highest levels on record Tuesday, as strength in U.S. vehicles sales bode well for the metal used in catalytic converters, which reduce emissions from gasoline-powered engines.

Vancouver, British Columbia–(Newsfile Corp. – May 4, 2021) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth"), announces they have closed the non-brokered private placement previously announced on April 1, 2021 (the "Placement"). On April 30, 2021, a total of 30,297,698 units (each, a "Unit") were issued under the Placement at a price of $0.165 per Unit for gross proceeds of $4,999,120.35. Each Unit consists of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company at a price of $0.30 per Share for a period of two years, expiring on April 30, 2023.

All securities issued by the Company pursuant to the Placement will have a four month and one day hold period in Canada ending on August 31, 2021.

In connection with the Placement, Hendrik van Alphen, CEO and director and, David Lies, director, of the Company participated as to $698,099.85. These transactions constituted a "related party transaction" as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation and minority approval requirements under MI 61- 101. The Company is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company's market capitalization."

Also, in connection with the Placement, the Company paid aggregate cash finder's fees of $107,751.11 and issued an aggregate 653,037 Finder's Warrants. Finder's fees were paid to Canaccord Genuity Corp. ($55,960.80 cash and 339,146 warrants), Haywood Securities Inc. ($3,009.93 cash and 18,242 warrants), and PI Financial Corp. ($7,507.50 cash and 45,500 warrants), Richardson Wealth ($7,738.50 cash and 46,900 warrants) and, MJP Justus Inc. ($33,534.38 cash and 203,239 warrants). All Warrants issued as finder's fees have the same terms and conditions as the Units issued under the Placement, provided that the Warrants forming part of the Units issued as finder's fees are non-transferable.

The net proceeds from the Offering are intended to be used for general working capital.

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

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The Company's main focus is the acquisition and development of lithium projects in South America.

The Company opportunistically advances battery metal projects, namely copper and nickel, where it has a peer advantage in project selection and initial evaluation.

Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. In parallel with lithium market dynamics, Wealth believes other battery metals will benefit from similar industry trends.

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

On Behalf of the Board of Directors of

WEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact:Marla Ritchie or Henk van Alphen

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

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, anticipated exploration program results from exploration activities, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82861

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

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, VRX Silica (ASX:VRX) stock is up 186% in the last year, providing strong gains for shareholders. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So notwithstanding the buoyant share price, we think it's well worth asking whether VRX Silica's cash burn is too risky. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

View our latest analysis for VRX Silica

When Might VRX Silica Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. When VRX Silica last reported its balance sheet in December 2020, it had zero debt and cash worth AU$9.4m. Looking at the last year, the company burnt through AU$2.3m. Therefore, from December 2020 it had 4.0 years of cash runway. There's no doubt that this is a reassuringly long runway. You can see how its cash balance has changed over time in the image below.

How Is VRX Silica's Cash Burn Changing Over Time?

Whilst it's great to see that VRX Silica has already begun generating revenue from operations, last year it only produced AU$129k, so we don't think it is generating significant revenue, at this point. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. Even though it doesn't get us excited, the 31% reduction in cash burn year on year does suggest the company can continue operating for quite some time. Admittedly, we're a bit cautious of VRX Silica due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For VRX Silica To Raise More Cash For Growth?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for VRX Silica to raise more cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

VRX Silica's cash burn of AU$2.3m is about 1.6% of its AU$145m market capitalisation. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares.

So, Should We Worry About VRX Silica's Cash Burn?

It may already be apparent to you that we're relatively comfortable with the way VRX Silica is burning through its cash. In particular, we think its cash runway stands out as evidence that the company is well on top of its spending. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. Taking all the factors in this report into account, we're not at all worried about its cash burn, as the business appears well capitalized to spend as needs be. Taking a deeper dive, we've spotted 4 warning signs for VRX Silica you should be aware of, and 1 of them shouldn't be ignored.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)

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

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

Figure 1

Revenue-Virginius Mine Development Progress

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

VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to provide a construction update and a production outlook for the remainder of 2021 for its Revenue Virginius Mine, (RV) located near Ouray, Colorado.

Mine Development

• Underground mine development is proceeding on schedule with three raises being driven vertically from the 2000 main haulage level 800 feet to the 1200 level (See Figure 1 below).

• The #1 Alimak raise is advancing vertically at an average rate exceeding 16 feet per day and is scheduled to be complete by late May, after which the hoist and shaft timber will be installed for permanent men and material access.

• The #2 Alimak raise has progressed up to the 1500 level and is temporarily being used for men and materials transport from the 2000 level to the 1800 and 1500 level pending completion of #1 Alimak raise.

• The #3 Alimak raise vertical development began in May and is scheduled to reach the 1800 level by the third week of May.

• On completion of #1 Alimak raise, the #2 and #3 Alimak raises will be dedicated ore and waste raises.

• Level (horizontal) development has commenced on the 1800 level to intersect the Virginius vein, which is scheduled to occur during the third week of May. Following this, development will continue by driving drifts both north and south on vein for over 1000 feet to prepare for stope development.

• Stope development on the 1800 level is estimated to begin in late June with first ore to the mill in early July.

• Ore development on 1800 level is on schedule to deliver initial ore to the processing plant in July. Two stopes (mining blocks) on the 1800 level will provide the initial ore supply while stopes on the 1500 level are developed.

• It is anticipated that four stopes will be available by year end 2021 (two stopes per level) to supply the processing plant. However only two stopes are required to provide the 270 tons per day as specified in the 2018 feasibility study (the “2018 FS”) prepared in accordance with National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). A copy of the 2018 FS is posted on the Company’s website www.aurcana.com and is also available on the Company’s profile on SEDAR at www.sedar.com.

Processing Plant Preparation

• All processing plant upgrades including installing additional flotation capacity, replacing cyclones with sizing screens, installing a rod mill, installing crushers and conveyors along with a new instrument control system will be completed by mid-June. Processing plant commissioning with water is scheduled for the last week of June with first ore through the processing plant in the second week of July.

• Final work on the transition chute from the coarse ore bin to the new primary pan feeder is scheduled to be completed by July 10^th, 2021 and will enable full processing plant operation.

• Throughput will be ramped up over the course of July to reach 111 tons per day (tpd) during August, and then to the full production level of 270 tpd during September.

• Concentrate shipments will be in 100 ton lots and are anticipated to begin in early August. Trafigura Trading LLC is the off-taker for 100% of the concentrates and will pay the value of 95% of the contained metals based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.

• Payable silver equivalent¹ production for the period between August to December 2021 is anticipated to be 1,300,000-1,600,000 ounces at an estimated cash operating costs of between USD10.00 to USD12.00/oz silver after by-product credits².

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101

ABOUT AURCANA CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

“Kevin Drover”
President & CEO

For further information, visit the website at www.aurcana.com or contact:

Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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.

¹ Silver equivalent is based on the April 2021 average COMEX prices of Ag USD25.6534/oz, Au USD1,759.47/oz, Cu USD4.2281/lb, Pb USD0.9152/lb and Zn SDU1.2849/lb; includes payability and payment timing of the Trafigura offtake contract.

² By-product credit metal pricing is the same as Silver equivalent pricing

A graphic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9df5d571-1159-4008-99e5-a7a9eebf5b41

TORONTO, ON / ACCESSWIRE / May 3, 2021 / PJX Resources Inc. ("PJX") (TSX.V:PJX.V) is pleased to announce that recent drilling and surface mapping suggest high grade gold mineralization may occur where the gold bearing, west dipping David shear and vein system intersects North-South oriented pre-existing fold structures on the Gold Shear Property. This new understanding will be used to drill test the projected extension of the David Gold Zone down plunge and possible parallel gold zones to the west down dip on the David Shear.

"The David Gold Zone appears to be a typical shear and fold related orogenic gold system similar to others around the world, such as Wallbridge's Fenelon discovery or Fosterville" states Mr. John Keating, President and CEO of PJX Resources. "The key to building ounces is to first understand what geologists call structural kinematics, which is how fold and shear structures may influence and concentrate gold mineralization. What we've intersected in this latest drilling is a larger vertical fold structure than similar related structures at the David Gold Zone. Where the gold bearing David shear and vein system would intersect this vertical fold, and possibly concentrate gold, would be at depth below current drilling, possibly 50 metres or more. We believe there may be a second phase of folding that could also influence the location of high grade gold mineralization. Our next step is to design a trenching and drilling program to further define the kinematics that control gold mineralization, and extend the David Gold Zone to depth and discover potential additional parallel gold zones on strike this summer."

Highlights

• The David Gold Zone on PJX's Gold Shear Property has a narrow central core of high grade gold mineralization with values such as 54.76 g/t over 1.0 m true width.

• This high-grade core occurs within a 4 to 5 metre ("m") wide zone with anomalous gold mineralization called the David shear-vein system.

• Modelling of historical pre-PJX drill holes, and PJX's 16 holes (totalling approximately 2,500m to date), suggests that high-grade gold mineralization may occur where the west dipping, gold bearing David shear-vein system intersects north-south fold (F1) related structures.

• Anomalous zones of gold mineralization, greater than 100 ppb gold, appear to dip north along the David shear-vein system, similar to the north 20-30 degree plunge of the F1 fold axis measured in surface outcrop. (see Figure 1)

• VLF geophysics along the north-south F1 fold axis has identified a weakly conductive north dipping anomaly that may reflect the David shear-vein system (see Figure 2).

• The north dipping VLF anomaly corresponds with the intersection of the David shear-vein system and the vertical F1 fold axial plane orientation. (see Figure 3) This new structural and geophysical observation is similar to the David Gold Zone dip/rake and will be used to help define drill targets at depth and on strike.

Figure 1 – Modelling of anomalous gold mineralization, using structural orientations from surface mapping and drill hole data, suggests the David Gold Zone may dip or rake to the north along the David shear-vein system, with untested potential down dip and possible parallel zones along strike.

Figure 2 – VLF geophysical survey along the north-south fold orientation has identified a weakly conductive anomaly (shown in red) that dips to the north similar to the David Gold Zone. The anomaly appears to correspond with the David shear-vein system. Breaks in the VLF anomaly at depth may reflect distortions in the David shear-vein system or stratigraphy. Areas of distortion are locations where gold mineralization can concentrate in Orogenic gold deposits and systems, similar to the Fenelon discovery, Fosterville, and others.

Figure 3 – North dipping VLF anomaly appears to correspond with the intersection of the David shear-vein system and the vertical F1 fold axial plane orientation. This new structural and geophysical observation is similar to the David Gold Zone dip/rake and will be used to help define drill targets at depth and on strike.

Extension of Share Purchase Warrant Expiry Date

The Company is pleased to announce that, subject to TSX Venture Exchange approval, it has extended the term of 12,296,276 share purchase warrants, (the "Warrants"). The Warrants were issued pursuant to a private placement announced on May 1, 2018 and accepted for filing by the TSX Venture Exchange on May 17, 2018. The Warrants are due to expire on May 15, 2021 and are exercisable at $0.25 per share. The new expiration date of the Warrants is May 15, 2022. All other terms of the warrants, including the exercise price will remain unchanged.

Qualified Persons

The geological disclosure and content of this news release has been reviewed and approved by Michael Seabrook, P.Geo., and John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Seabrook is the consulting geologist for PJX on the Gold Shear Property. 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 mining area of 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.

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THE WOODLANDS, Texas, May 3, 2021 /PRNewswire/ — TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced that the Company has signed a memorandum of understanding ("MOU") with CarbonFree, a global carbon capture company with patented technologies that capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals. 

CarbonFree's SkyCycle™ is a second-generation carbon mineralization technology that uses calcium chloride as a key part of the conversion chemistry. TETRA is a global leader in the production and chemistry for many commercial applications of calcium chloride, so the Companies plan to use each other's technical expertise, chemistry know-how, production, and supply chain networks to jointly advance the commercialization of SkyCycle™.

TETRA and CarbonFree have been collaborating since November 2020 and have been jointly sharing and leveraging both Companies' technical resources and expertise as CarbonFree continues to advance their carbon capture mineralization pilot plant, processes, and technologies. During the one-year MOU period, both Companies will work towards a definitive agreement that might include investments by TETRA into CarbonFree, a joint venture, or other commercial arrangements that will leverage each Company's strength to advance this market-leading technology.

Brady Murphy, TETRA's president and chief executive officer commented, "Because SkyCycle™ produces a high quality, commercial mineral from CO2 emissions, we believe there are many cost and commercial advantages to this technology. We are pleased to partner with CarbonFree and utilize our nearly 40 years of calcium chloride chemistry, technical expertise, and global footprint. We believe that by combining our efforts and expertise we can accelerate SkyCycle™ for a rapidly growing carbon capture market that requires innovative, scalable, and lower cost solutions. As announced earlier this year, this is one of several initiatives that TETRA is pursuing to leverage our global chemicals network, technology, and mineral resources to enable TETRA's growth into low carbon energy markets. 

Martin Keighley, CarbonFree's chief executive officer commented, "We're excited to formalize our relationship and continue collaborating with TETRA, who is a world-class player in the calcium chloride space. Having their in-depth expertise will help us accelerate our expansion of bringing SkyCycle™ to industrial plants across the globe – which will mean getting to a net-zero planet faster."

TETRA Overview

TETRA Technologies, Inc. is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, and production well testing. TETRA owns an 11% equity interest in CSI Compressco LP (NASDAQ: CCLP) and approximately 1% equity interest in Standard Lithium (TSXV: SLL).

CarbonFree Overview

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycle™. This on-site solution mineralizes CO2 captured from the plant and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.

 View original content to download multimedia:http://www.prnewswire.com/news-releases/tetra-technologies-inc-and-carbonfree-enter-into-memorandum-of-understanding-to-jointly-advance-innovative-carbon-capture-utilization-and-storage-ccus-technology-301282537.html

SOURCE TETRA Technologies, Inc.

Company Executives share vision and answer questions live at VirtualInvestorConferences.com

NEW YORK, May 3, 2021 /PRNewswire/ — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals and Mining Virtual lnvestor Conference. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals & mining companies discuss their property positions, development schedules, market opportunity, and investment highlights. The program opens at 9:15 AM ET, with the first webcast at 9:30 AM ET on Tuesday, May 4^th.

REGISTER NOW AT: https://bit.ly/2PFBc4a

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.

May 4^th Agenda:

May 5^th Agenda:

May 6^th Agenda:

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit
www.virtualinvestorconferences.com.

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

View original content to download multimedia:http://www.prnewswire.com/news-releases/global-metals–mining-live-virtual-investor-conference-may-4th-5th-and-6th-301281881.html

SOURCE VirtualInvestorConferences.com

Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

SUBIACO, Western Australia, May 3, 2021 /PRNewswire/ — Deep Yellow Limited (OTCQX: DYLLF) (ASX: DYL), based in Subiaco, Western Australia, focused on uranium exploration and development, today announced that Mr John Borshoff, Managing Director/CEO will present live at VirtualInvestorConferences.com on May 6^th.

DATE: May 6^th, 2021
TIME: 11:00am ET / 11:00pm Perth
LINK: https://bit.ly/3exE6AH

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

• Successful completion of Tumas PFS January 2021, which confirmed or improved on Scoping Study (January 2020) assumptions based on a uranium price of US$65/lb. Key results:

• Board approved proceeding directly to a Definitive Feasibility Study, now underway and scheduled for completion by end CY2022.

• Infill resource upgrade drilling in support of the DFS continues at Tumas 3, with 156 RC holes for 2,742m drilled by end March. Best intersections included:

• Resource upgrade drilling ongoing with updated Mineral Resource Estimate expected to be completed on schedule in June 2021 noting only 50% of 125km highly prospective palaeochannel had been tested at time of PFS.

• Ausenco confirmed to continue as project engineer for the early works phase of the DFS

• Highly successful $42.8M capital raising completed, increasing the overall cash position of the Company to $51.3M

• Ongoing assessment of M&A opportunities for sector consolidation.

About Deep Yellow Limited
Led by a proven and experienced management team with an exceptional track record of uranium success from development to production, Deep Yellow (the Company) is advancing a dual-pillar growth strategy to establish a multi-mine, 5-10Mlb per annum, low-cost, tier-one uranium producer. The strategy is focused on organic growth through the development of the Company's existing asset base in Namibia, with a Definitive Feasibility Study DFS in progress on the Tumas Project and inorganic growth through targeted M&A.

Namibia has a long and successful history in uranium mining whilst also being a world-class jurisdiction to operate in. Currently, Namibia is the world's 4th largest uranium producer.

Importantly, the critical role nuclear energy will play in meeting aggressive emission targets will grow even stronger. Currently, global emissions continue to rise despite renewable surge, highlighting the need to increase nuclear contribution for electricity generation to deliver sustainable, safe, zero-emitting, dispatchable power 24/7. Put simply, nuclear energy is becoming the moral imperative, with positive momentum building globally.

The Company is well-funded to rapidly advance key workstreams in 2021, as it works towards establishing a tier-one uranium Company to provide security and certainty of uranium supply into a growing market.

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

For further information on the Company and its projects, please visit the website at: www.deepyellow.com.au

View original content to download multimedia:http://www.prnewswire.com/news-releases/deep-yellow-limited-to-webcast-live-at-virtualinvestorconferencescom-may-6th-301281826.html

SOURCE VirtualInvestorConferences.com

NATCHEZ, MS and TORONTO, ON / ACCESSWIRE / May 3, 2021 / Cadillac Ventures Inc. ("Cadillac") (TSXV:CDC) and KFG Resources Ltd. ("KFG") (TSXV:KFG) are pleased to announce the closing of the acquisition of KFG by Cadillac, pursuant to the previously announced plan of arrangement (the "Arrangement").

THE ARRANGEMENT

Pursuant to the Arrangement, Cadillac acquired all of the issued and outstanding common shares of KFG ("KFG Shares") on the basis of one common share of Cadillac (each, a "Cadillac Share") in exchange for each KFG Share held. In connection with the Arrangement, Cadillac issued an aggregate of 50,539,644 Cadillac Shares and there are 150,960,910 Cadillac Shares issued and outstanding following completion of the Arrangement.

The Arrangement was approved by holders ("KFG Shareholders") of KFG Shares at a special meeting of KFG Shareholders held on April 15, 2021 to consider the Arrangement. In addition, on April 19, 2021, the Supreme Court of British Columbia approved the Arrangement and granted a final order in respect thereof. The remaining conditions to completion of the Arrangement were satisfied or waived by the Parties on April 30, 2021.

The KFG Shares are expected to be delisted from the TSX Venture Exchange within 1-2 business days following completion of the Arrangement and KFG will make an application to cease to be a reporting issuer shortly thereafter. Additional information regarding the Arrangement is provided in the management information circular of KFG dated March 12, 2021, which has been filed on KFG's SEDAR profile at www.sedar.com.

CADILLAC DIRECTORS

Following closing of the Arrangement, G. Stephen Guido was appointed to the Cadillac board of directors ("Cadillac Board"), which is now comprised of five members. Mr. Guido is a director and Vice President, Operations and Chief Operation Officer of KFG and director, President and Chief Executive Officer of KFG's subsidiary, KFG Petroleum Corporation. In addition, pursuant to the terms of the Arrangement, the Cadillac Board has agreed to nominate Giacomo Grassi for election to the Cadillac Board at the next meeting of Cadillac shareholders at which directors are elected. Mr. Grassi is an independent businessman and corporate director, currently serving as a director on KFG, as well as director and property management administrator of Giamel Inc. (a private commercial real estate company) and director of Spectra Inc. (a public manufacturer of commercial transportation safety products).

EXHANGE OF KFG SHARES

Registered KFG shareholders who have not already done so, should submit the certificates representing their KFG Shares, together with a signed and completed letter of transmittal, to TSX Trust Company, the depositary for the Arrangement in order to receive the Cadillac Shares to which they are entitled pursuant to the Arrangement. Copies of the letter of transmittal are available on KFG's SEDAR profile at www.sedar.com. KFG shareholders who hold their KFG Shares through a broker or other intermediary should follow the instructions provided by such broker or other intermediary to exchange their KFG Shares for Cadillac Shares.

Cautionary statement regarding forward-looking statements

This press release contains 'forward-looking statements' within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "assumes", "potential" and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements and expectations regarding the delisting of KFG Shares, KFG's application to cease to be a reporting issuer, and the expected timing thereof, and the anticipated timing thereof; and statements regarding the nomination of Mr. Grassi to the Cadillac Board. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while based on KFG and Cadillac respective expectations and considered reasonable at the time they were made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including those described in Cadillac's and KFG's respective public disclosure documents on SEDAR at www.sedar.com. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this release. Unless required by law, neither Cadillac nor KFG intends to, or assumes any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, please visit Cadillac's website www.cadillacventures.com, or contact Norman Brewster, President and Chief Executive Officer, at 905-837-2000.

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

SOURCE: Cadillac Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/643825/Cadillac-Ventures-Inc-and-KFG-Resources-Ltd-Announce-Completion-of-Arrangement

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

REGINA, SK / ACCESSWIRE / May 3, 2021 / Regina, Saskatchewan: ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK) is pleased to announce that it has closed on its previously announced bolt-on acquisition (the "Acquisition") of certain non-operated producing oil and gas assets (the "Asset") in Southern Saskatchewan, along with associated land leases, a facility, and related assets. The Acquisition has an effective date of April 1, 2021. Total consideration paid for the Asset was $1,500,000 in cash and 2,000,000 Class B common shares of ROK (the "Share Consideration").

In addition, the Company announces that it has completed a first closing of the previously announced private placement financing for a total of $1,790,000 (the "Private Placement"), whereby 8,950,000 units ("Units") of the Company were issued at a price of $0.20 per Unit. Each Unit consists of one Class B common share in the capital of the Company (each a "Common Share") and one half of one Common Share purchase warrant (each full warrant, a "Warrant"). Each Warrant will be exercisable for one Common Share at an exercise price of $0.35 per Warrant for a period of 2 years. The Common Shares to be issued because of this Private Placement will be subject to a four-month trading restriction, expiring on August 28, 2021. After issuance of the Share Consideration and the first closing of the Private Placement, the Company will have 70,171,576 total Class B common shares issued and outstanding. A second closing of the private placement is expected to occur in May 2021 to complete the remainder of the placement. Proceeds from the Private Placement were used to satisfy the purchase price for the Acquisition as well as general corporate purposes. Commissions were paid to various brokers and finders in an amount of approximately $56,000 plus the issuance of a total of 280,000 broker warrants, each such broker warrant exercisable into one Common Share at an exercise price of $0.35 per share for a period of two years from the date of closing, expiring on April 27, 2023.

About ROK

ROK is engaged in exploring for petroleum and natural gas development activities in Saskatchewan. Its head office is located in Regina, Saskatchewan, Canada and ROK's common shares are traded on the TSX Venture Exchange under the trading symbol "ROK".

For further information, please contact:

Cameron Taylor, Chairman and CEO
Lynn Chapman, CFO
Phone: (306) 522-0011
Email: info@rokresources.ca

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's objectives, goals or future plans with respect to use of proceeds from the Private Placement and the expectations regarding the receipt of final regulatory approval for the Private Placement and the Acquisition. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in ROK's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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

SOURCE: ROK Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/643704/ROK-Resources-Announces-Closing-of-Previously-Announced-Asset-Acquisition-and-First-Closing-of-Private-Placement-Financing

Vancouver, British Columbia–(Newsfile Corp. – May 3, 2021) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) ("Millennial" or the "Company") announces the results of its annual general meeting of shareholders held on April 20th, 2021, in West Vancouver, Canada. Shareholders voted in favour of all items put forward by the board of directors and management including the Company's Long Term Incentive Plan (the "Plan" as described below).

All six of the individuals nominated for the board of directors were elected and the directors for the ensuing year, with the number of directors fixed at six are: Farhad Abasov, Jack Scott, Graham Harris, Richard Lacroix, Kyle Stevenson and Charles Yeung.

The shareholders also voted in favour of appointing Davidson & Company LLP, as auditor of the company for the ensuing year and authorizing directors to fix the auditors' remuneration; approving and granting annual approval to the company's incentive stock option plan; and approving the Company's performance share unit plan.

Millennial further announces that the Company's Compensation Committee has approved the award of 2,000,000 PSUs to certain directors, officers, employees and consultants (an "Award Holder"). The 2,000,000 PSUs carry no award price. The 2,000,000 PSUs are subject to certain vesting provisions.

On March 24, 2021, Millennial announced that it had adopted the Plan which provides for the issuance of up to 2,000,000 performance share units (the "PSUs"). Each PSU, when it vests, entitles the holder to acquire one common share (the "PSU Shares") of the Company. Any PSU Shares issued are subject to a four month resale restriction imposed by TSX Venture Exchange policies which ends four months after the award of the PSU.

The award of the 2,000,000 PSUs represents all of the PSUs available under the Plan. No further PSU awards can be made under the Plan. The Plan has received TSX Venture Exchange approval.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

"Farhad Abasov"

President and CEO, Director

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 certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for CDN$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily 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 risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82700

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Abcourt Mines (CVE:ABI) looks quite promising in regards to its trends of return on capital.

What is Return On Capital Employed (ROCE)?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Abcourt Mines is:

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

0.071 = CA$2.9m ÷ (CA$47m – CA$6.0m) (Based on the trailing twelve months to December 2020).

So, Abcourt Mines has an ROCE of 7.1%. On its own that's a low return, but compared to the average of 0.8% generated by the Metals and Mining industry, it's much better.

View our latest analysis for Abcourt Mines

While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you're interested in investigating Abcourt Mines' past further, check out this free graph of past earnings, revenue and cash flow.

What Does the ROCE Trend For Abcourt Mines Tell Us?

The fact that Abcourt Mines is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 7.1% which is a sight for sore eyes. Not only that, but the company is utilizing 81% more capital than before, but that's to be expected from a company trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.

The Key Takeaway

Long story short, we're delighted to see that Abcourt Mines' reinvestment activities have paid off and the company is now profitable. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 47% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.

Like most companies, Abcourt Mines does come with some risks, and we've found 1 warning sign that you should be aware of.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

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

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

TORONTO, May 03, 2021 (GLOBE NEWSWIRE) — Plateau Energy Metals Inc. (“Plateau” or the “Company”) (TSX-V: PLU | OTCQB: PLUUF) is pleased to announce that Plateau shareholders and optionholders (the “Securityholders”) have approved the plan of arrangement (“Arrangement”) with American Lithium Corp. (“American Lithium”) announced on February 9, 2021.

The Arrangement was approved by:

• 99.809% of the votes cast by Plateau shareholders; and

• 99.827% of the votes cast by Plateau Securityholders, voting together as a single class.

In addition, the Arrangement was approved by a simple majority of the votes cast by Securityholders, excluding the votes cast in respect of the Plateau common shares held by certain related parties (as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions).

This year, in light of the ongoing COVID-19 pandemic, the special meeting of Securityholders (the “Meeting”) was held by way of virtual only format whereby Securityholders participated in the Meeting remotely.

The Ontario Superior Court of Justice hearing for the final order to approve the Arrangement is expected to occur on May 4, 2021 and closing of the Arrangement is expected to be completed on or about May 11, 2021, subject to the receipt of applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, including, without limitation, the final approval of the TSX Venture Exchange.

“We want to thank the Securityholders for their overwhelming support in favour of the transaction,” stated Dr. Laurence Stefan, Plateau's interim CEO. “The completion of the Arrangement will be a positive step forward in the next phase for Plateau and all of its stakeholders.”

Simon Clarke, CEO and Director of American Lithium stated, “We are very pleased that Securityholders of Plateau have voted overwhelmingly in favour of this Arrangement. We continue to believe that the synergies between the two Companies, their respective teams and respective projects are substantial and that this acquisition will position the combined company as a diversified leader in the development of large-scale lithium and clean energy projects.”

In connection with the Arrangement, American Lithium will acquire all outstanding shares of Plateau at the previously announced exchange ratio of 0.29 units (each whole unit, an “Exchange Unit”) of American Lithium for each share of Plateau held, and Plateau will become a wholly owned subsidiary of American Lithium.

Each Exchange Unit will consist of one (1) common share of American Lithium plus one-half (0.5) of a common share purchase warrant of American Lithium (each whole such warrant, an “Exchange Warrant”). Each Exchange Warrant will entitle the holder to acquire one (1) additional common share of American Lithium at an exercise price of C$3.00 for a period of thirty-six (36) months from completion of the Arrangement. American Lithium will use commercially reasonable efforts to list the Exchange Warrants on the TSX Venture Exchange as soon as practicable following closing of the Arrangement.

Each existing Plateau share purchase warrant will, upon the exercise thereof on or after the effective time of the Arrangement, in accordance with its terms, entitle the holder to acquire 0.29 of a common share in the capital of American Lithium and 0.145 of a common share purchase warrant of American Lithium for each Plateau share the warrant holder would have been entitled to acquire prior to the closing of the Arrangement.

Existing Plateau stock options will be exchanged for an option to acquire from American Lithium the number of American Lithium common shares equal to the product of: (A) the number of Plateau common shares subject to such Plateau stock option immediately prior to the effective date of the Arrangement, multiplied by (B) 0.29 of an American Lithium Shares for each Plateau common share. All RSUs and DSUs of Plateau will vest immediately prior to the effective time of the Arrangement and each RSU and DSU pf Plateau will be exchanged for one (1) Plateau common share. The former holders of RSUs and DSUs of Plateau, will, following the exchange, participate in the Arrangement as Plateau shareholders.

None of the securities to be issued pursuant to the Arrangement have been or will be registered under the United State Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued pursuant to the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Shares for Services Issuance

Plateau also reports that is issuing 20,836 common shares pursuant to the shares for services agreement with Foxrock Investment Ltd. (an arm’s length party), previously approved by the TSX Venture Exchange, for services provided during the three months ended February 28, 2021.

The shares are being issued pursuant to the prospectus exemption contained in section 2.24 of National Instrument 45-106 –Prospectus Exemptions, and are not subject to trading restrictions pursuant to the provisions of NI 45-102 –Resale of Securities (“NI 45-102”) since the criteria contained in NI 45-102 2.6(3) are met.

Additional details can be found in the Company’s news release dated September 4, 2020.

About Plateau Energy Metals

Plateau Energy Metals Inc., a Canadian exploration and development company, is enabling the new energy paradigm through exploring and developing its Falchani lithium project and Macusani uranium project in southeastern Peru, both of which are situated near significant infrastructure.

About American Lithium
American Lithium (TSXV:LI | OTCQB:LIACF | Frankfurt:5LA1) is actively engaged in the acquisition, exploration and development lithium deposits within mining-friendly jurisdictions throughout the Americas. The company is currently exploring and developing the TLC lithium project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle’s Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.’s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.’s Clayton Valley Project.

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 Statements
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. These include statements regarding the intent of American Lithium and Plateau (the “Companies”), or the beliefs or current expectations of the officers and directors of the Companies post-closing of the Arrangement. Forward-looking statements in this news release include, but are not limited to, statements regarding anticipated benefits of the Arrangement, the closing of the Arrangement, listing of the Exchange Warrants, plans and objectives regarding the TLC and Falchani (the “Projects”) and any statements regarding the business plans, expectations and future objectives of the Companies.

Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although the Companies believe that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since the Companies can provide no assurance that such opinions and expectations will prove to be correct.

All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: the Companies' ability to complete the Arrangement; the Companies' ability to secure the necessary court and regulatory approvals required to complete the Arrangement; risks related to the satisfaction or waiver of certain conditions to the closing of the Arrangement; the Companies' ability to achieve their stated goals as a result of the Arrangement; the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, the Companies or others to attempt to reduce the spread of COVID-19 could affect the Companies, which could have a material adverse impact on many aspects of the Companies’ businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact Plateau’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the Companies’ potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of the Companies, including the status of the “Precautionary Measures” obtained by Plateau’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by Plateau and its subsidiary Macusani to resolve the title for 32 of its concessions; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which the Companies operate; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of the Companies’ shares and could negatively affect the Companies’ ability to raise capital and may also result in additional and unknown risks or liabilities to the Companies. Other risks and uncertainties related to prospects, properties and business strategy of Plateau and American Lithium are identified, respectively, in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on January 19, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on January 29, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. Neither of the Companies undertakes any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Val-d'Or, Quebec–(Newsfile Corp. – May 3, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") is pleased to provide its Q1-2021 corporate update on its net smelter royalties (NSRs) at the Canadian Malartic Mine, Canada's largest gold mine, near Val-d'Or, Quebec. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares outstanding.

Royalties at Canadian Malartic Mine

The Canadian Malartic Mine, where Abitibi Royalties owns various NSRs and a net profit interest ("NPI"), is jointly operated by Agnico Eagle Mines Limited ("Agnico Eagle") and Yamana Gold Inc. ("Yamana"). Abitibi Royalties' NSRs and NPI cover portions of East Malartic (3% NSR), Odyssey (3% NSR), Sladen (3% NSR), Sheehan (3% NSR), Jeffrey (3% NSR), Barnat Extension (3% NSR), Gouldie Zone (2% NSR) and the Charlie Zone (2% NSR). In addition, the Company holds a 1.5% NSR on the Midway Project and a 15% NPI on the Radium Property, which are all operated and located at, or proximate to, the Canadian Malartic Mine (Fig. 1).

1) Barnat Open Pit Production

The mine operators stated that throughout 2021 the mine will continue its transition from the Malartic pit to the Barnat pit where commercial production was declared on September 30, 2020. Abitibi Royalties holds a 3% NSR on the eastern portion of the Barnat pit (Fig. 1) which is expected to be the main source of royalty revenue during 2021-2023 for the Company at Canadian Malartic. Please see the Company's news release dated April 5, 2021 for the Company's 3-year royalty production schedule.

2) Canadian Malartic Underground Development Update

In Q1-2021, Agnico Eagle and Yamana announced a positive construction decision of the Odyssey Underground Project at the Canadian Malartic Mine. Construction of surface infrastructure and the portal in preparation for development of the ramp started in Q3-2020.

During Q4-2020, construction of the mine office and surface facilities was completed in order to support the development and further advance the exploration ramp into Odyssey and East Malartic. The exploration ramp is designed to mine their respective upper zones and provide further exploration access to allow tighter drill spacing and further define the mineral resource base. Approximately 362 linear metres of development were completed in Q1-2021, reaching a depth of 74 metres below surface, which is according to plan. Development of the exploration ramp is anticipated to take approximately two years to complete, with the first drilling platform to be established in Q3-2021. The budget for the ramp is USD$23.4 million for 2021. These activities are coincident with headframe construction and shaft sinking. Construction on the headframe foundation is expected to start in Q2-2021.

The operators have stated that the project requires modest capital in any given year that is manageable and fully funded using Canadian Malartic's cash on hand and free cash flow generation, and no external funding is required.

2) Canadian Malartic Exploration Update

The drilling from surface at the Rand Malartic Property (Fig. 1) has led to the identification of the potential extension of the East Gouldie Zone, which encountered a wide gold-mineralized intercept 1,150 metres from the eastern limit of the East Gouldie mineral resources at a depth of 1,993 metres below surface. Although this intercept is not located on the Company's royalty interest, it opens up the deep exploration potential to the east within the Pontiac Sediments, which lies south of the Cadillac-Larder Lake deformation zone. The Company holds 1.5% NSR on the Midway Project (Fig. 1) (1% can be repurchased for USD$1 million) that contained one of the largest mines in the Malartic region. The Midway Project operated from 1939-1965 to a depth of 800 metres below surface. The Midway Project adjoins Rand Malartic to the east and contains similar geology. This is in addition to the Company's 15% NPI on the Radium-Nord Property, located west of the Canadian Malartic open pit. Exploration drilling also suggests East Gouldie may potentially trend onto the Company's 3% NSR at depth. However, the Company believes additional drilling and information is required to make this determination.

To view the reserve and resource estimate pertaining to Abitibi Royalties' NSR interests at the Canadian Malartic Mine (as of December 31, 2020), please see the Company's news release dated April 5, 2021.

Other Corporate Activity

1) Q1-2021 Royalty Payment & Cash Generation

During Q1-2021, the Company's cash generation¹ totaled approximately CDN$8.3 million, with approximately CDN$0.2 million coming from the Company's 3% NSR at the Canadian Malartic Mine. Royalties from the open pit portion of the Canadian Malartic Mine commenced at the end of Q4-2018 (the Company's core underground royalties at East Malartic and Odyssey are not in production). The remainder of Company's cash generation during the quarter came from options premiums (CDN$0.9 million), dividends (CDN$0.2 million), and capital gains from equity investments in Agnico Eagle/Yamana (CDN$7.0 million) ².

The Company has 12,462,610 shares outstanding and also on a fully diluted basis. As last reported on April 16, 2021, the Company's treasury of cash and marketable securities totaled approximately CDN$52.9 million³.

2) Q2-2021 Dividend Payments to Shareholders

On December 7, 2020, the Company's board of directors approved a 20% dividend increase from CDN$0.15 to CDN$0.18 per common share on an annualized basis (CDN$0.015 monthly). The monthly dividend payments for Q2-2021 are shown in Table 1 below. The June 2021 payment will represent the 18^th dividend payment made to shareholders since the Company's adoption of a dividend policy in September 2019. The full amount of the dividends will be designated as an "eligible dividend" as defined in the Income Tax Act (Canada).

Table 1. Q2-2021 Dividend Schedule

About Abitibi Royalties

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

QUALIFIED PERSON

Mr. Glenn Mullan, Chairman, is the Qualified Person (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) who has reviewed this news release based solely on the public disclosure and without independent verification and is responsible for the technical information reported herein.

1. Non-IFRS Measure: The Company has calculated the measure "cash generation" as royalties earned in the quarter and cash received from option premiums, dividends and capital gains. This is a non- IFRS measure as IFRS requires the Company's cash in its financial statements to be recognized using the accrual basis of accounting. The Company believes that this measure, while not a substitute for measures of performance prepared in accordance with IFRS, provides investors an improved ability to evaluate the underlying performance of the Company.

2. For more information on the Company's investments, dividends, covered call and put contracts, please see the Company's Q4-2020 MD&A and Q4-2020 Financial Statements, which can be found on the Company's website: www.abitibiroyalties.com.

3. Investment values calculated based on closing prices and certain share price limits due to call option contracts as of April 16, 2021.

For additional information, please contact:

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

Forward-Looking Statements:

This news release contains certain statements that may be deemed "forward-looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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 news release.

Fig. 1 Royalties at the Canadian Malartic Region – Plan Map

https://static1.squarespace.com/static/5e274a28cbaf5d0d3e29734b/t/606922a8423dd30e8cc4dab4/1617502897689/April3-2021fig1.png

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82623.

If you want to know who really controls Lynas Rare Earths Limited (ASX:LYC), then you'll have to look at the makeup of its share registry. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.

Lynas Rare Earths is a pretty big company. It has a market capitalization of AU$5.0b. Normally institutions would own a significant portion of a company this size. In the chart below, we can see that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about Lynas Rare Earths.

View our latest analysis for Lynas Rare Earths

What Does The Institutional Ownership Tell Us About Lynas Rare Earths?

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

As you can see, institutional investors have a fair amount of stake in Lynas Rare Earths. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Lynas Rare Earths, (below). Of course, keep in mind that there are other factors to consider, too.

Lynas Rare Earths is not owned by hedge funds. New York Life Investment Management LLC is currently the largest shareholder, with 7.4% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.0% and 5.0% of the stock.

On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.

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

Insider Ownership Of Lynas Rare Earths

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our most recent data indicates that insiders own some shares in Lynas Rare Earths Limited. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around AU$52m worth of shares (at current prices). If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.

General Public Ownership

The general public holds a substantial 55% stake in Lynas Rare Earths, suggesting it is a fairly popular stock. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Lynas Rare Earths is showing 3 warning signs in our investment analysis , you should know about…

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

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

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

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

CNX Resources Corporation (NYSE:CNX) has not performed well recently and CEO Nick DeIuliis will probably need to up their game. Shareholders can take the chance to hold the board and management accountable for the unsatisfactory performance at the next AGM on 06 May 2021. It would also be an opportunity for shareholders to influence management through voting on company resolutions such as executive remuneration, which could impact the firm significantly. The data we present below explains why we think CEO compensation is not consistent with recent performance.

View our latest analysis for CNX Resources

How Does Total Compensation For Nick DeIuliis Compare With Other Companies In The Industry?

According to our data, CNX Resources Corporation has a market capitalization of US$3.1b, and paid its CEO total annual compensation worth US$11m over the year to December 2020. That's a notable decrease of 20% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$800k.

On comparing similar companies from the same industry with market caps ranging from US$2.0b to US$6.4b, we found that the median CEO total compensation was US$6.6m. Hence, we can conclude that Nick DeIuliis is remunerated higher than the industry median. Furthermore, Nick DeIuliis directly owns US$12m worth of shares in the company, implying that they are deeply invested in the company's success.

On an industry level, roughly 20% of total compensation represents salary and 80% is other remuneration. CNX Resources sets aside a smaller share of compensation for salary, in comparison to the overall industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

CNX Resources Corporation's Growth

Over the last three years, CNX Resources Corporation has shrunk its earnings per share by 120% per year. Its revenue is down 30% over the previous year.

Few shareholders would be pleased to read that EPS have declined. And the fact that revenue is down year on year arguably paints an ugly picture. It's hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has CNX Resources Corporation Been A Good Investment?

Since shareholders would have lost about 13% over three years, some CNX Resources Corporation investors would surely be feeling negative emotions. This suggests it would be unwise for the company to pay the CEO too generously.

In Summary…

Along with the business performing poorly, shareholders have suffered with poor share price returns on their investments, suggesting that there's little to no chance of them being in favor of a CEO pay raise. At the upcoming AGM, management will get a chance to explain how they plan to get the business back on track and address the concerns from investors.

While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. We've identified 1 warning sign for CNX Resources that investors should be aware of in a dynamic business environment.

Important note: CNX Resources is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.

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

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

Buchans Exercises 13 Million Share Purchase Warrants

Reduction of Debt

Toronto, Ontario–(Newsfile Corp. – April 30, 2021) – Xtierra Inc. (TSXV: XAG) ("Xtierra" or the "Company") reports its results for the year ended December 31, 2020.

This news release should be read in conjunction with the Company's audited financial statements and the associated management's discussion and analysis (MD&A) for the year ended December 31, 2020 which are available on the Company's website at www.xtierra.ca or under the Company's profile on SEDAR (www.sedar.com). Amounts are stated in US dollars unless otherwise stated.

Company Overview

Xtierra is a natural resource company which holds mineral exploration properties located in the Central Silver Belt of Mexico in the State of Zacatecas and is also pursuing new opportunities, including mineral exploration and development projects, and the potential acquisition of mineral and other royalties.

Xtierra is pursuing a strategy for realizing some value on its Bilbao and other Mexican projects in the context of the current resource cycle, as well as identifying and evaluating new potential royalty acquisitions.

Xtierra, through its Mexican subsidiaries, currently holds a 100% interest in the Bilbao zinc-silver-lead-copper project, in the southeastern part of the State of Zacatecas, on which an independent Technical Report in accordance with NI 43-101 containing an updated resource estimate and preliminary economic assessment (PEA) was completed in 2014. The Company maintains the Bilbao property in good standing while at the same time examining strategic alternatives for further exploring and /or development of the property.

On August 27, 2020, Xtierra announced its intention to re-assess the Bilbao deposit based on the recent rise in silver prices which have approached the level estimated in the PEA which combined with the 2010-2013 drill results which outlined the potential to expand tonnage through the unexplored high grade vein systems.

In late 2020 Xtierra commenced a drilling program to further explore the high grade silver potential at Bilbao in 2 areas. After receiving its drilling permit on the area located adjacent to and west of the main Bilbao Silver-Lead-Zinc deposit, called the Victor vein, Xtierra drilled 5 holes over the December to February period for a total of 1800 meters. This high grade silver zone runs north-south over a strike length of approximately 500 meters. The objective of drilling into this silver zone was to confirm the continuity of the high grade silver values to the northwest between historical drill holes X42 and X100 to the south which are separated by 500 meters.

Overall, the drill results on the five holes on the Victor vein demonstrated both consistency and continuity of the mineralization which should add to the economics of the Bilbao deposit. Furthermore, the results extend the thesis that the surrounding veins are a completely different mineralization than the skarn in the main Bilbao deposit and therefore there is believed to be considerable unexplored potential.

On April 22, 2020, the Company entered into an agreement to acquire 88% of the shares of Minera Portree

Minera Portree holds various legal or royalty interests in certain mineral properties in Mexico, including the Company's Bilbao property and an asserted claim to a 2% net smelter royalty on six mining concessions located adjacent to the Cozamin Mine in Zacatecas operated by Capstone Mining Corp. (TSX:CS), five of which were acquired by Capstone from a third party in 2017 and 2019.

The third-party had acquired the six mining concessions from Minera Portree in 2002, subject to a 2% net smelter royalty retained by Minera Portree. The entitlement of Minera Portree to the royalty may be contested by the third party and/or Capstone.

Exercise of Share Purchase Warrants

On April 27, 2021, Buchans Resources Limited ("Buchans") exercised its share purchase warrants and acquired 13,000,000 shares of Xtierra for a consideration of CDN$650,000. On the same date, Xtierra reduced its debt due to Buchans by the payment of $600,000.

Support Extension Agreement

By a Second Extension Amendment Agreement dated April 27, 2021, the Support Agreement between Buchans and the Company was further amended to provide that interest on the remaining balance of the notes due to Buchans in the amount of $196,000 will resume to accrue at the rate of 5% per annum effective May 1, 2021 until paid, and the Term was extended for a further period to April 30, 2023.

Grant of Share Purchase Warrants

In connection wot the Second Extension Agreement whereby the term of the remaining debt was extended to April 30, 2023,Xtierra has agreed to issue to Buchans, subject to TSXV approval, 5 million share purchase warrants with each warrant entitling Buchans to purchase one common share of Xtierra at a price of CDN$0.10 per share for a term of two years until April 30, 2023.

Results of Operations

The Company recorded no revenue for the year ended December 31, 2020 or 2019.

For the year ended December 31, 2020, the Company recorded a loss of $563,338 ($0.004 per share), which included warrants valuation expense of $186,492, share-based payment expense of $127,671 and exploration expenditures of $129,566.

For the year ended December 31, 2019, the Company recorded a loss of $167,667 ($0.001 per share). The main component being exploration expense of $104,508, which included $76,829 investment on the acquisition of the 1.5% royalty on the Bilbao property which was expensed to exploration and evaluation costs as incurred as the carrying value of the Bilbao had been impaired in earlier accounting periods.

During June and July 2020, the Company raised Cdn$1,000,000 through the issue of 20,000,000 new shares.

At December 31, 2020, the Company had cash of $523,651 to settle current liabilities of $143,168, excluding $796,477 due to Buchans and $2,000,000 contingent liability of a subsidiary. See Notes 8 and 10 to the Consolidated Financial Statements for the year ended December 31, 2020.

The book value of total assets at December 31, 2020 was $765,277 compared to $60,990 at December 31, 2019. The Company has invested $22,968,264 on its Bilbao mineral project, which in accordance with the Company's accounting policies has been fully impaired in prior periods.

For further information contact Xtierra Inc. at info@xtierra.ca

John F. Kearney
Chairman
(416) 362-6686

Tim Gallagher
President & Director
(416) 925‐0090

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82599

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

VANCOUVER, BC, April 30, 2021 /CNW/ – Finlay Minerals Ltd. (TSXV: FYL) ("Finlay" or the "Company") announces the resignations of Peter Tegart, an independent director of the Company and Warner Gruenwald, Vice President of Exploration and a director of the Company.

Both Peter and Warner have spent many years with Finlay, and their guidance and industry knowledge will be missed. Peter is stepping out of his mining industry roles and focusing on family, while Warner has taken on another role in industry. Finlay's management and directors wish Peter and Warner good health and all the best in their individual pursuits.

With their resignations, Finlay has set up a search team to find two further capable directors.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia.

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

On behalf of the Board of Directors,

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

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

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

SOURCE Finlay Minerals Ltd.

View original content: http://www.newswire.ca/en/releases/archive/April2021/30/c7703.html

VANCOUVER, Canada, April 30, 2021 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that it has entered into agreements with Ruben Rodriguez Villegas (“Rodriguez”) of Mexico City to acquire 25 shares of Xochipala Gold, S.A. de C.V. (“Xochipala Gold”) for US$1.5 million. Xochipala Gold holds 100% of the registered title (85% of the beneficial ownership) to the seven core concessions (the “Core Concessions”) of the Company’s Santo Tomas Project. The shares of Xochipala Gold being acquired currently represent 8.5% of the beneficial ownership of the Core Concessions.

Background: Prior to reaching the current agreements with Rodriguez, the Company’s held all 180 issued shares of Xochipala Gold (the “Shares”). Mr. Rodriguez held a right to 50 of the Shares, as well as a 0.5% net smelter royalty in the Core Concessions. The Company held an option, through its wholly owned subsidiary Desarrollos Copper, S.A de C.V., to acquire all of Rodriguez’s rights and interest in the Shares for payments totaling US$16 million (the “Desarrollos Option”).

The Company has entered into agreements with Mr. Rodriguez to:

1. Purchase Mr. Rodriguez’s right to 25 of the Shares for US$1.5 million.

2. Register to Mr. Rodriguez the legal title to the remaining 25 Shares to which he has a right.

In committing to the agreements with Rodriguez, the Company determined that it would not proceed with the Desarrollos Option.

The acquisition of Mr. Rodriguez’s right to 25 of the Shares increases the Company’s current interest in Xochipala Gold to 86.1% and its current net interest in the Core Concessions to 73.2%. The share purchase provides Oroco with the opportunity to acquire up to 85.5% of the Core Concessions with a project investment of up to CAD$30 million, an increase of 4.5%.

ABOUT OROCO:

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

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

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 Information

This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including without limitation, statements relating to future events or achievements of the Company, are forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated or implied in such statements. 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. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

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

Sydney, Australia–(Newsfile Corp. – April 30, 2021) – Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") is pleased to announce that it has filed its Q1 2021 Quarterly Activity Report. The Report is available under the Company's profile at www.asx.com.au, www.sedar.com and on the Company's website at www.australgold.com.

About Austral Gold

Austral Gold Limited is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the USA and Argentina. Austral owns a 100% interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in Argentina, and a non-controlling interest in the Rawhide Mine in Nevada, USA. In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the recent acquisition of Revelo Resources Corp), a 19.2% interest in Pampa Metals and a 100% interest in the Pingüino project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSX-V: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral's website at www.australgold.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.

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
jose.bordogna@australgold.com
+54 (11) 4323 7558

David Hwang
Company Secretary
Austral Gold Limited
info@australgold.com
+61 (2) 9698 5414

Austral Gold Limited ABN 30 075 860 472 ASX: AGD TSXV: AGLD

Level 5 126 Phillip St, Sydney NSW 2000 | T +61 2 9380 7233 | F +61 2 9251 7455 | info@australgold.com | www.australgold.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82477

LONDON, UK / ACCESSWIRE / April 28, 2021 / Horizonte Minerals Plc, (AIM:HZM)(TSX:HZM) ('Horizonte' or 'the Company') the nickel company focused in Brazil, is pleased to announce that it has awarded the contract for the Environmental & Social Impact Assessment (ESIA) for the Company's 100% owned nickel cobalt Vermelho project ('Vermelho' or the 'Project') to Ramboll.

Ramboll is a leading global consultancy firm with 300 offices worldwide, including Belo Horizonte. Ramboll's Impact Assessment services are based on both commercial understanding and technical rigour to deliver projects that are advanced, sustainable and provide value to society. Horizonte has previously worked with Ramboll on the hydrology for its flagship Araguaia ferronickel project.

The ESIA is an essential part of the permitting process for Vermelho and expected to lead to the award of the Preliminary Licence. As Vermelho is located within the Pará State, the technical agency responsible for reviewing the Environmental Impact Study and Report will be the Pará State Secretariat for Environment and Sustainability, SEMAS.

Previous owner, Vale, conducted multiple environmental and social studies and reached a positive construction decision in 2015. The historical database created by Vale provides an excellent background and basis of the new sustainability studies. Horizonte is also optimising the engineering for Vermelho's dry-stack residue storage facility option. An additional benefit from the Project resulting from this optimisation is the production of a bi-product, kieserite fertilizer which will be sold commercially into the Pará state agricultural market.

Ramboll will be completing new field campaigns in a Covid-19 safe manner and is well serviced by its existing sustainability team in the Pará state region. The integrated ESIA will reflect the current physical, biological and social settings and will include, but is not limited to:

• Water availability and quality

• An air and noise baseline study

• Soil quality

• A flora and fauna inventory

• Socio-economic considerations

• Community health and safety

• Resettlement

• Cultural heritage

In addition to local permit studies, further social and environmental impact assessments will be undertaken in line with International Finance Corporation Performance Standards and the Equator Principles (IV).

Horizonte CEO, Jeremy Martin commented:"The appointment of Ramboll highlights our commitment to the highest standards of sustainability practices as we work to develop Vermelho. Vermelho is a tier one nickel-cobalt project that will come online to supply the rapidly growing EV battery market. The planned completion of Araguaia financing will enable Horizonte to expedite the development of Vermelho through feasibility and permitting.

Vermelho is scheduled to start production at a critical point in the nickel market, where the supply deficit is projected to widen, particularly in the battery sector. With limited next generation nickel projects in the global near-term pipeline, Horizonte is in a unique position. Progressing Vermelho through to a construction ready status will significantly de-risk the Project and we believe this will be increasingly reflected in the value attributed to the Project by the market.

Advancing Vermelho and working towards start of construction at Araguaia are all part of our business plan as we move to become a significant nickel producer, allowing shareholders to realise value from our exceptional, wholly-owned asset base."

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

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the Acquisition as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the ability of the Company to complete the Placing as described herein, and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete the Acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

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

SOURCE: Horizonte Minerals PLC

View source version on accesswire.com:
https://www.accesswire.com/643216/Horizonte-Minerals-PLC-Announces-Vermelho-ESIA-Contract-Awarded-to-Ramboll

Vancouver, British Columbia–(Newsfile Corp. – April 29, 2021) – Full Metal Minerals Ltd. (TSXV: FMM) ("Full Metal" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has provided the Company with final approval of: (i) its previously announced non-brokered private placements that closed in two tranches on March 9 and March 22, 2021 (see press releases disseminated on April 20, 2018, October 8, 2020, December 24, 2020, March 9, 2021 and March 22, 2021 for further details) (the "Private Placements"); (ii) the option letter agreement dated February 25, 2020, as amended July 30, 2020, August 28, 2020, December 15, 2020, February 1, 2021 and March 12, 2021 (the "Option Agreement"), between the Company and GSP Resource Corp.'s ("GSPR") pursuant to which the Company acquired an option to earn a 60% interest in GSPR's Olivine Mountain property (the "Property") in the Similkameen Mining Division, British Columbia (press releases disseminated February 26, 2020, July 31, 2020, October 8, 2020, December 24, 2020, February 18, 2021 and March 22, 2021 for further details) (the "Fundamental Acquisition"); and (iii) the issuance of up to 30,056,528 common shares of the Company ("Shares") at a deemed price of $0.08 per Share to settle certain outstanding accounts payable and contingent liabilities in the aggregate amount of $2,404,522.37 owing to certain creditors (press release disseminated December 24, 2020 for further details) (the "Shares for Debt Transaction").

Resumption of Trading

As a result of the TSXV's approval of the Fundamental Acquisition, the Private Placements and the Shares for Debt Transaction, the Company confirms that previous deficiencies with the Company's Tier 2 Continued Listing Requirements (as such term is defined under TSXV policies) reflected in the Company's most recent financial statements have been remedied in accordance with Section 2.1 of TSXV Policy 2.5. Effective at market open, Friday, April 30, 2021, the Company is pleased to announce that the securities of Company will resume trading on the TSXV.

Fundamental Acquisition

Pursuant to the Option Agreement, as consideration for the acquisition of the interest in the Property, the Company will (i) pay to GSPR an aggregate of $515,000 over the 48 month period following the acceptance of the TSXV of the Option Agreement (the "Acceptance Date"); (ii) incur expenditures in the aggregate amount of $500,000 during the 48 month period following the Acceptance Date; (iii) and issue an aggregate of 350,000 Shares during the 48 month period following the Acceptance Date. The Company has completed the first cash payment of $40,000 and issued 100,000 Shares to GSPR pursuant to the payment schedule in the Option Agreement.

All securities issued under the Fundamental Acquisition are subject to a four month and one day hold period. The Fundamental Acquisition is an arm's length transaction. No finder's fees were paid in respect of the Fundamental Acquisition. A copy of the Option Agreement can be found on the Company's SEDAR profile at sedar.com.

Filing of Technical Report for Olivine Mountain

The Company advises that the National Instrument 43-101 independent technical report for the Property titled "Technical Report on the Olivine Mountain Property" with an effective date of July 27, 2020 has been filed under the Company's profile on SEDAR at sedar.com.

The qualified person responsible for the technical report is Agnes M. Koffyberg, M.Sc., P.Geo of Discovery Consultants.

Private Placement

In connection with the closing of the Fundamental Acquisition, the Company also reports that it has released its Shares from trust from the Private Placements that closed in two tranches on March 9 and March 22, 2021. The Private Placements was closed in trust pending final acceptance of the Fundamental Acquisition by the TSXV. The Company issued 23,125,000 Shares for gross proceeds of $1,850,000 under the Private Placements.

The Company intends to use the proceeds of the Private Placements primarily for exploration expenses, project evaluation and due diligence, along with general and administrative expenses and working capital.

Shares for Debt Transaction

The Company also announces that the Company has closed the Shares for Debt Transaction, pursuant to which the Company issued 30,056,528 Shares at a deemed price of $0.08 per Share to settle certain outstanding accounts payable and contingent liabilities in the aggregate amount of $2,404,522.37 owing to certain creditors. .

The Company obtained disinterested shareholder approval of the Shares for Debt Transaction by way of written shareholder consents. All Shares are subject to a four-month and one-day hold period in addition to any escrow requirements imposed by the TSXV.

The Shares issued to the debt assignees pursuant to the Shares for Debt Transaction are subject to escrow provisions identical to those imposed by the standard TSX Value Security Escrow Agreement for a Tier 2 Issuer (as described in TSXV Policy 5.4 – Escrow, Vendor Consideration and Resale Restrictions). Pursuant to these escrow requirements, 10% of the Shares issued to the debt assignees will be released from escrow on the date of the TSXV bulletin announcing the Shares for Debt Transaction (the "TSXV Bulletin"), and 15% of such Shares will be released every six months from the date of the TSXV Bulletin for a period of 36 months.

Under the Shares for Debt Transaction, Peter Voulgaris, President, Chief Executive Officer and Director of the Company, acquired 4,969,745 Shares at a deemed price of $0.08 per Share. His participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities to be distributed in the Shares for Debt Transaction nor the consideration to be received for those securities, in so far as the Shares for Debt Transaction involves the insider, exceeds $2,500,000. The Company did not file a material change report more than 21 days before the expected closing of the Shares for Debt Transaction as the details of the Shares for Debt Transaction and the participation therein by related parties of the Company were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

As a result of the Shares for Debt Transaction, Peter Voulgaris acquired 4,969,745 Shares at a deemed price of $0.08 per Share and now beneficially owns or controls 8,011,899 common shares of the Company, representing approximately 13.53% of the Company's 59,212,456 issued and outstanding Shares on an undiluted basis. The Shares were issued to Mr. Voulgaris in settlement of $397,579.60 of outstanding debt previously owing to Mr. Michael Williams, CEO of the Company. Mr. Voulgaris intends to hold his common shares for investment purposes. Although Mr. Voulgaris does not intend to acquire further common shares of the Company at this time, he may choose to do so as market conditions warrant. A copy of the early warning report filed by Mr. Voulgaris, in accordance with applicable securities laws, is available under the profile for the Company on SEDAR (www.sedar.com). To obtain a copy of the early warning report, or for any further information, please contact the Company at the details provided below.

Corporate Update

Further to the Company's press release disseminated on December 24, 2020, Mr. Peter Voulgaris was appointed as President and Chief Executive Officer of the Company, and Ms. Sheryl Dhillon resigned as Corporate Secretary of the Company, effective December 22, 2020. Mr. Voulgaris replaced Mr. Michael Williams, who remains a director and Non-Executive Chairman of the Company.

As previously disclosed in the Company's management, discussion and analysis, the Company previously advanced loans in the aggregate of $182,000 (the "Loan") to Vendetta Mining Corp. ("Vendetta") pursuant to promissory notes entered into on May 10 and May 31, 2019. Vendetta owns the Pegmont Lead-Zinc project in Australia. At the time the Loan was made the Company was exploring opportunities to expand into Australia (and continues to do so) and the Company advanced the Loan in order to support potential synergies with Vendetta's mineral exploration and development business operations in Australia. The Company advanced the first $110,000 of the Loan to Vendetta on May 10, 2019 and a further $72,000 of the Loan to Vendetta on May 31, 2019.

CEO and President, Peter Voulgaris stated: "We are currently evaluating several opportunities in low risk jurisdictions, including Australia, with the goal of making Full Metal a leading junior development company."

Pursuant to the terms of the promissory notes, the Loan accrues interest at a rate of 7% per annum payable on or before May 10 and May 31, 2021. The Company continues to have ongoing discussions with Vendetta to ensure that the Loan is repaid as soon as possible.

Michael Williams, a director of the Company, is the President, Chief Executive Officer and a director of Vendetta. Peter Voulgaris, President, Chief Executive Officer and a director of the Company, is a director of Vendetta. Alastair Brownlow, Chief Financial Officer and Corporate Secretary of the Company, is the Chief Financial Officer of Vendetta.

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter Voulgaris"

Peter Voulgaris
President/CEO and Director

For more information please contact:

Peter Voulgaris
604-484-7855

Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Telephone: 604-484-7855 Fax: 604-484-7155
Email info@fullmetalminerals.com
www.fullmetalminerals.com

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

Cautionary Note Regarding Forward-Looking Statements: This press release includes certain forward-looking statements and forward-looking information (together, "forward-looking statements"). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding, the Fundamental Acquisition, the Private Placements and the use of proceeds thereof, the Option Agreement and the issuance of the Shares thereunder, the Loan and the anticipated repayment of the Loan, future development plans and expansion into Australia and other future plans and objectives of the Company are forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include failure to close the Acquisition, failure to be able to use the proceeds from the Private Placements as anticipated, inability to proceed with future development plans and expansion into Australia, a failure to obtain TSXV approval of the Option Agreement and the issuance of the Shares thereunder or the Loan, failure to raise sufficient funds on the proposed terms or at all and failure to exercise the Property option or failure to be repaid the Loan on the terms described. The forward-looking statements in this press release were developed based on the assumptions and expectations of management, including that TSXV acceptance for the Acquisition, the Option Agreement and the issuance of the Shares thereunder and the Loan will be obtained, that the Loan will be repaid as anticipated, that the Company will be able to use the proceeds from the Private Placements as anticipated, that the Company will be able to meet future development plans and expand into Australia, and the other assumptions disclosed in this press release and that the risks described above will not materialize. There can be no assurance that the Financing or the exercise of the Option will complete. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82435

Great Western Bancorp (GWB) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 52.46%. A quarter ago, it was expected that this holding company for Great Western Bank would post earnings of $0.35 per share when it actually produced earnings of $0.75, delivering a surprise of 114.29%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Great Western Bancorp, which belongs to the Zacks Banks – Northeast industry, posted revenues of $120.06 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 1.87%. This compares to year-ago revenues of $101.9 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Great Western Bancorp shares have added about 56.6% since the beginning of the year versus the S&P 500's gain of 11.4%.

What's Next for Great Western Bancorp?

While Great Western Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Great Western Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.59 on $115.19 million in revenues for the coming quarter and $2.56 on $477.63 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks – Northeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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Vancouver, British Columbia–(Newsfile Corp. – April 29, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report a fifth new copper zone, the "SP Zone", located 8-km north-east of the CONEJO copper-silver discovery, at CESAR North within the wholly-owned CESAR copper-silver project in North Eastern Colombia.

SP is the latest copper zone located along the CESAR North 80-kilometre continuous copper belt (refer to Figure 1).

SP Copper Zone

The new SP zone, lies along the mid portion of the 80-kilometre CESAR North belt, and at first pass, lines up well with the four previous copper discoveries (URU, CONEJO, AMN and AMS). SP, currently represented by mineralized float, is presently being followed up with mapping and geochemical sampling to locate the source of mineralization. Collected soil and rock samples will be sent to ALS for analysis, with results expected in June.

URU Copper Discovery Update

In early April, Max reported the URU zone discovery (refer to April 8, 2021 NR), lying along the southern portion of the CESAR North belt. The presence of copper mineralization extends over 3.7-kilometres, and is open in all directions. Over 125 samples were collected and sent to ALS for analysis. Results are expected early May.

CONEJO Copper-Silver Discovery Update

In March 2021, Max reported the CONEJO discovery (March 24, 2021 NR), spanning over 1.6 by 0.6-km and open in all directions. Twenty-two rock panel samples returned values in excess of 5% copper, highlight values of 12.5% copper and 120 g/t silver from panels varying from 5m by 5m to 1m by 1m. Max cautions investors that rock panel sampling can be selective and are not necessarily representative of the mineralization. The Max field team are currently rock chip sampling and mapping the copper bearing rock to determine potential volume and average copper-silver values.

AMN Copper-Silver Discovery

Reported in March 2020, the AMN (previously named AM North) discovery zone, outcrops along 1.8-kilometres, including a high-grade zone, with highlight values of 34.4% copper and 230 g/t silver (refer to March 4, 2020 NR). AMN has now expanded to a zone of 29-km² of Kupferschiefer-type copper-silver mineralization (refer to December 2, 2020 NR).

AMS Copper-Silver Discovery

Reported in January 2020, located 40-km south of AMN, the AMS (previously named AM South) zone was the very first CESAR stratabound copper-silver discovery (refer to January 21, 2020 NR). The AMS zone has now expanded to 16-km² of Kupferschiefer-type copper-silver mineralization, and is still open along strike and down dip, with highlights of 5.8% copper and 106 g/t silver from 0.1 to 25-metre intervals (refer to October 7, 2020 NR).

"Over an 18-month period, Max extended the CESAR North zone to over 80-kilometres in length. Initial assay results for URU and SP are pending, but considering a CESAR target copper grade of 1%, with highlight values of 5.8 to 34.4% copper and 106 to 205 g/t silver from CONEJO, AMS and AMN, the overall district-size-scale potential for the CESAR basin has clearly been demonstrated," commented Max CEO, Brett Matich.

"Currently US $9,898 a tonne, the copper price is approaching the all time high of US $10,170 a tonne, and combined with projected upcoming copper deficits, CESAR's large-scale prospectively makes Max an extremely attractive opportunity for copper exposure," he concluded.

Figure 1. CESAR Project, the new SP Zone (white square), located along the 80-kilometre-long CESAR North copper belt. The previous discoveries are shown in individual colours.
MXR_EN_2021-04-29_Fig1.jpg (640×521) (maxresource.com)

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3834/82194_19dca11464dd4870_002full.jpg

Figure 2
MXR_EN_2021-04-29_Fig2.jpg (635×368) (maxresource.com)

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3834/82194_19dca11464dd4870_003full.jpg

Max interprets the sediment-hosted stratabound copper-silver mineralization in 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 in North Eastern Colombia now covers a significant portion of the 200-km long Cesar Basin, and 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 1).

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

Advanced Drill Core Analysis and Modelling: ongoing interpretation of seismic sections and analysis of historical drill holes, 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-kilometre-long-belt:

  • Max's AMS discovery in late 2019, and on trend 40-km north, AMN discovery (please refer to Figure 2), identified stratabound copper-silver mineralization collectively spanning over 45 sq. km, with highlight values of 0.1 to 34.4% copper and 5 to 305 g/t silver over intervals ranging 0.1 to 25.0-metres;

  • In March 2021, Max reported the CONEJO discovery, consisting of near surface high-grade copper-silver mineralization, spanning an area of 1.6 by 0.6-km and open in all directions. Twenty-two rock panel samples returned values above 5% copper from panels varying from 5m by 5m to 1m by 1m. Overall, sixty-six rock panel samples returned significant values over 1% copper (March 24, 2021 NR). Highlight assays greater than 9% copper and 50 g/t silver:

  • 12.5% copper + 83.5 g/t silver over 5-metre by 5-metre

  • 10.7% copper + 51.6 g/t silver over 1-metre by 1-metre

  • 10.5% copper + 50.1 g/t silver over 3-metre by 2-metre

  • 10.4% copper + 95 g/t silver over 5-metre by 5-metre

  • 10.2% copper + 62 g/t silver over 5-metre by 5-metre

  • 10.0% copper + 80 g/t silver over 5-metre by 5-metre

  • 9.5% copper + 120 g/t silver over 1-metre by 1-metre

  • The Max field team are currently rock chip sampling and mapping the copper bearing rock to determine potential volume and average copper-silver values of the CONEJO zone;

  • Assay results are pending for the newly discovered URU zone, and SP target zone;

• CESAR West: Max has initiated a first pass field program to identify copper-silver mineralization along the new CESAR West 180-kilometre-long 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 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 copper-silver-type in Colombia; high-grade gold porphyry and massive sulfide in Peru.

Max Resource was recognized as 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/

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

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

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/82194

Investors focused on the Basic Materials space have likely heard of Sibanye Gold (SBSW), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SBSW and the rest of the Basic Materials group's stocks.

Sibanye Gold is one of 245 companies in the Basic Materials group. The Basic Materials group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SBSW is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for SBSW's full-year earnings has moved 11.11% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that SBSW has returned about 22.84% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 20.10%. This means that Sibanye Gold is outperforming the sector as a whole this year.

Looking more specifically, SBSW belongs to the Mining – Miscellaneous industry, which includes 46 individual stocks and currently sits at #116 in the Zacks Industry Rank. This group has gained an average of 29.61% so far this year, so SBSW is slightly underperforming its industry in this area.

Investors in the Basic Materials sector will want to keep a close eye on SBSW as it attempts to continue its solid performance.

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VANCOUVER, BC, April 29, 2021 /CNW/ – Trading resumes in:

Company: Full Metal Minerals Ltd.

TSX-Venture Symbol: FMM

All Issues: No

Resumption (ET): 9:30 AM 4/30/2021

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/April2021/29/c5479.html