Rare Earth Archives - Page 5 of 41

VANCOUVER, BC / ACCESSWIRE / August 26, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the eighth drill hole (GP-21-156) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. The drill hole is part of the Company's Phase 2 drilling program at the Jaclyn Zone, being completed at the Jaclyn North Zone in an area of gold bearing quartz boulders. GP-21-156 intersected visible gold within a quartz veined interval.

Quartz Vein in GP-21-156 with Visible Gold

Drill Hole GP-21-156 is a definition hole, further testing the Jaclyn North Zone (JNZ) east of pre-Great Atlantic drilling. The hole was drilled within a zone of gold bearing quartz boulders. It was drilled slightly southeast at an approximate 50-degree dip to a length of 122 meters. The hole intersected a zone of faulting and quartz veining at 19.35 – 22.65 meters. The main quartz vein within this interval was intersected at 22.10 – 22.65 meters and contains visible gold and sulfide mineralization.

The Company's Phase 2 drilling program to date (late 2020 – 2021) has extended the extended the JNZ quartz vein system approximately 260 meters further east along strike with each of the six holes completed in this part of the zone intersecting quartz veins. Each of the three 2020 holes (GP-20-146 to GP-20-148) intersected gold bearing quartz veins while assays are pending for samples from the three 2021 holes in the zone (GP-21-154 to GP-21-156) (see News Releases on the Company's website).

The company located gold bearing quartz boulders during 2017-2020 in the area of current drilling at the JNZ, including four boulder samples exceeding 100 g/t gold. This northeast trending quartz boulder field is approximately 300 meters long.

Visible Gold in Quartz Vein Intersected in GG-21-156

The Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes completed and planned at the Jaclyn Main Zone (JMZ) and JNZ and total planned drilling of approximately 5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide information for an updated resource estimate of the JMZ. The first five holes completed during 2021 were at the JMZ with visible gold interested in quartz veins in four holes (assays pending). The Company is continuing the drill hole numbering system from previous drilling programs. Most of the completed and planned holes at the JMZ are within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the JMZ during Phase 2 to test the zone at 200-350 meters vertical depth. Planned holes at the JNZ are east of pre-Great Atlantic drilling.

Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped).

The Company confirmed high-grade gold at the JMZ during initial 2019 drilling, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters, 61.35 g/t gold over 2.04 meters and 15.8 g/t gold over 2.70 meters plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 g/t gold over 25.25 meters.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization the Golden Promise Property.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"

President CEO Director

Investor Relations:
Andrew Job 1-416-628-1560 IR@GreatAtlanticResources.com
Office Line 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. 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 developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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.

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/661482/Great-Atlantic-Intersecting-Visible-Gold-On-Eighth-Hole-300-Meters-North-of-Resource-at-Jaclyn-Main–Golden-Promise-Gold-Project–Central-Newfoundland

VANCOUVER, BC / ACCESSWIRE / August 25, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that it has completed its 2021 diamond drill program at the Ashram Rare Earth and Fluorspar Deposit, located in northern Quebec.

A total of 2,814 m of NQ size coring was completed over 12 drill holes at the Ashram Deposit, targeting further delineation of the mineralized body. The Company is happy to report that the drilling advanced faster than anticipated, allowing for additional meterage to be completed beyond that planned while remaining within budget. In addition, the Company benefited from sharing support costs such as drill rig mobilization and camp operation from the overlapping drill program of Saville Resources Inc. on the proximal Niobium Claim Group, where it holds an Option from the Company. Both programs were managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB, with drilling operations being carried out by Logan Drilling Ltd. of Stewiacke, NS.

The Company's drill program largely focused on the central areas of the deposit, within the preliminary pit shell being considered for the ongoing Prefeasibility Study (PFS), and where the neodymium-praseodymium (NdPr) contents are highest. Depending on the location within the deposit, the NdPr distribution typical varies from 21-24+% with monazite being the dominant carrier of the rare earth elements (REEs). Drill hole depths ranged from 152 m to 302 m core length. Due to the depth of the pit shell being considered for an initial 25-year mine-life as part of the PFS, the drill holes were terminated at pre-determined depths and commonly ended in A-Zone, which is the most well-mineralized rock type in the deposit.

The drill core is currently being processed on site and is anticipated to be shipped to Activation Laboratories in Ancaster, ON, shortly for analysis with results to be released as received. In addition to the drill program, this fall the Company plans to carry-out hydrology studies on site in support of the PFS, as well as complete several Qualified Person site visits.

The Ashram Deposit ranks as one of the largest REE (and fluorspar) deposits globally, consisting of a single mineralized body outcropping at surface, and has a mineralized footprint approximately 600 m along strike, over 350 m across, and 600 m deep, remaining open in several directions. The deposit hosts a measured resource of 1.6 million tonnes (Mt) at 1.77% rare earth oxide (REO) and 3.8% F, an indicated resource of 27.7 Mt at 1.90% REO and 2.9% F, and an inferred resource of 219.8 Mt at 1.88% REO and 2.2% F, at a cut-off grade of 1.25% REO. Note, mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.

The Company notes that it continues carry-out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The Company has successfully navigated the process to enter Nunavik and obtained authorization to complete its planned field activities. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.

NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.
"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.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.

Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include our plans to carry-out hydrology studies on site in support of the PFS, as well as complete several Qualified Person site visits; and that we could become a long term supplier of mixed rare earth carbonate and/or NdPr oxide. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the methods proposed don't work as well as expected, the studies may not go as planned or start when expected, we may experience difficulties in drilling and carrying out environmental work; changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/661192/Commerce-Resources-Corp-Completes-Summer-Drill-Program-at-the-Ashram-Rare-Earth-and-Fluorspar-Deposit

Lynas Corp. (LYSDY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

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Therefore, the Zacks rating upgrade for Lynas Corp. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

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For the fiscal year ending June 2022, this company is expected to earn $0.35 per share, which is a change of 1850% from the year-ago reported number.

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Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – Playfair's (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) core drilling program on its large (201 square kilometers) 100% owned RKV Copper Project in South Central Norway is expected to start in early September. Playfair has delineated seven drill targets in five areas, Drill Notifications have been made and necessary permits are approved.

Figure 1

To view an enhanced version of Figure 1, please visit:
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Playfair, as a responsible mineral explorer, values protecting the natural environment it works in. Playfair uses new technologies and methods to reduce the impact of its exploration. Playfair's exploration to date has been in three phases.

The first phase of Playfair's exploration used non-invasive machine learning algorithms to reinterpret existing geochemical-geological-geophysical data sets and outline potential exploration target areas with similarities to known mineral occurrences.

The second phase of Playfair's exploration was minimally invasive. In the areas outlined as possibly favourable by the machine learning algorithms small pits were dug by hand, samples of soil were removed, and the pits refilled. There was no off-road driving. Subsequent chemical analysis outlined areas with a high content of copper or other elements of interest.

The third phase of Playfair's exploration measured the intensity of the earth's magnetic field in some of the areas where a high copper content was found in soils. Variations in the magnetic field provide important information about the underlying bedrock. The survey was non-intrusive and used an unmanned drone to carry the measuring equipment.

The seven drill targets were previously described: Storboren (November 07, 2019, and December 05, 2019, News Releases), Sæterfjellet, (January 06, 2021, News Release), Kletten North and Kletten South (January 28, 2021, News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021, News Release) and Rødalen (March 11, 2021, News Release).

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek (TSXV: WIN) (OTCQB: WINKF) using their proprietary Computer Aided Resources Detection System (CARDS).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu. A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu "are likely to be associated with weathering copper sulphides."

Playfair's fourth phase of exploration is planned to begin in September 2021. In keeping with Playfair's intent to minimise the impact of its exploration on the natural environment Playfair will use a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Playfair's man-portable drill has now arrived in Norway, cleared customs and has been transported to Tynset, approximately 25 km from Rødalen, the first drill target. With a population of 5,400, Tynset is the municipal centre of the Nord-Østerdalen region. Arctic Drilling As., a local Norwegian Company will carry out the drilling.

Figure 2

To view an enhanced version of Figure 2, please visit:
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A presentation on the drilling plans can be found at this direct link or on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94037

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2021) – Investmentpitch Media video features Globex Mining Enterprises (TSX: GMX) (OTCQX: GLBXF) ( FSE: G1MN), an exploration and holding company with a large portfolio of assets. With an extensive portfolio of more than 200 exploration property assets and royalties covering precious, base and specialty metals, Globex gives investors diversification by investing in just one company.

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

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Projects range from advanced exploration to pre-feasibility, with royalties attached to more than 50 early to advanced stage properties for gold, base metals and industrial minerals. The advanced stage projects include more than 40 former mines with more than 50 properties having historic or NI 43-101 resources.

By having a diversified portfolio covering various commodities, Globex can capitalize on current interest in the market for a specific commodity, and given the company's transaction activity, investors can be assured of a steady flow of news.

The company's experienced management, and professional board, has an impressive track record of conserving capital and limiting dilution by finding partners to fund the high-risk, more expensive exploration and development of projects, while building shareholder value through the receipt of short-term payments and long-term royalties.

The shares are currently trading at $1.15, and based on approximately 55.3 million shares outstanding, the company is capitalized at approximately $63.6 million. The company's portfolio of more than $30 million in cash and shares of other companies alone is valued at approximately $0.54 per share, with no debt.

Furthermore, Globex has a normal course issuer bid in place to repurchase up to 1 million shares.

Except for one significant silver project in Germany, which is under option to Excellon Resources, the company is focused on North America, a region with low political risk.

Let's look at a couple of the company's significant recent activities. The company just closed the sale of its Mid-Tennessee Zinc Mine royalty to an assignee of Electric Royalties for $13,750,000, 8,752,860 shares of Electric Royalties, and 5,348,970 warrants of Electric Royalties, making Globex the largest shareholder of Electric Royalties.

In June, Globex sold some projects in Quebec to Yamana Gold, for $15 million, retaining a 2% gross metal royalty. Globex received an initial payment of $4 million which Globex elected to take in shares, with the balance of $11 million, which Globex may also elect to receive in shares, to be received over 4 years.

For more information, please visit the company's website www.GlobexMining.com, contact Jack Stoch, P.Geo., President and CEO, at 819-979-5242 or email info@GlobexMining.com.

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Vancouver, British Columbia–(Newsfile Corp. – August 20, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has started its 2021 exploration program at its Glenelg Vanadium gold Property.

The property is located within southwest New Brunswick approximately 17 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the company's Mascarene Property, which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and silver. The Glenelg Property hosts vanadium mineralization, with historic rock samples reported up to 0.42% V2O5.

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Through a review of historical information, the company has identified target areas for gold exploration within the property with historic rock samples from at least four areas reported to exceed 1 gram per tonne gold, including a historic 2013 grab sample from a sulphide vein from the southeast region of the property reportedly returning 14 grams per tonne gold.

The Glenelg property has seen little exploration and management cannot find any evidence of historical drilling within the property. The current exploration consists of focused prospecting and rock geochemical sampling.

Rock samples are being collected within the Bocabec Gabbro, the target being vanadium/titanium mineralization. Previous rock samples collected by the company and historic rock samples have confirmed vanadium and titanium mineralization within the Bocabec Gabbro.

A 2018 grab sample collected by the company from a magnetite rich layer in the Bocabec Gabbro Complex within the southeast region of the property returned 0.188% vanadium or 0.33% V2O5, 10.3% titanium oxide and 25.71% iron, when analyzed by XRF Fusion by ALS Canada. Another 2018 bedrock grab sample from the same region of the property was reported to return 0.234% vanadium or 0.42% V2O5, 12.2% titanium oxide and 28.8% iron. This sample was collected by one of the company's option partners for the property and was not verified by a Qualified Person.

Prospecting and rock geochemical sampling are also being conducted for gold mineralization in target areas within the central-west regions of the Glenelg Property. Three gold occurrences (+/- silver and copper) are reported within the central region of the property.

A historic outcrop grab sample from the early 1900s, from one occurrence, reported as quartz-sulfide breccia within altered gabbro, reportedly returned 1.33 grams per tonne gold. Historic float samples reported during the same period in the central-west regions of the property were reported to return 2.7 and 2.2 grams per tonne gold. This mineralization has not been verified by a Qualified Person.

The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway Metals Inc., with a portion of the northern boundary bordering Galway's Clarence Stream Gold Project. Galway reported a NI 43-101 resource estimate for the project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 gpt gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 gpt gold (277,000 ounces of gold).

Management cautions that mineralization at the Clarence Stream Gold Project and at Great Atlantic's Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

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Mercator Project Map

Mercator Property

QUÉBEC CITY, Aug. 20, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) is pleased to announce that an ongoing field program ahead of first-ever drilling at its 100%-owned Mercator Project in northern Quebec supports the preliminary analysis from a recently completed geophysics survey of a potentially large-scale orogenic gold system (refer to August 3, 2021 news release).

New Mercator Highlights:

Additional sampling has extended the length of the Main Zone to 2.5 km from 1.9 km. A shallow dipping mineralized slab along a ridge within this area now extends 500 meters in width, from the previously reported 400 meters, and includes pyrrhotite, pyrite, arsenopyrite and chalcopyrite (assays pending);
Geologists are honing in on a potentially significant new discovery area starting 16 km southwest of the Main Zone with similarities to the northeast-southwest trending lithological assemblage observed in the Main Zone. Overburden stripping and channel sampling of this area to the southwest is now planned after grab samples collected over three km showed strong sulphide enrichment;
Extensive surface sampling this summer has been carried out over a 21-km distance with 243 samples collected to date including more than half outside the Main Zone (assays pending, see attached map), though multiple areas with favorable structure still need to be investigated as part of the follow-up to the highly encouraging geophysical survey;
Notably, arsenopyrite is increasingly being identified in surface samples. This pathfinder mineral is often associated with gold in this type of geological environment where meta-sediments and amphibolites have been mapped along abundant faulted and folded iron formations.

Stelmine initially staked Mercator in 2017. Earlier this year, based on data from last summer’s program, Stelmine expanded its Mercator land package five-fold from 65 km² to 389 km²through additional staking. Mercator is approximately 100 km northwest of the Company’s Courcy Project where drilling will soon follow up on the last drill hole, completed by SOQUEM in 2006, that returned a 42-meter core interval grading 4.2 g/t Au including 1.5 m of 105 g/t Au.

Ms. Isabelle Proulx, Stelmine CEO, commented: “Knowing the discovery drill hole at Courcy, our continued work in this region keeps reinforcing our belief that we have found an entirely new gold district in northern Quebec with geological similarities to Newmont’s Eleonore mine to the west at James Bay. The geophysical signatures of Mercator and the continuity that we are beginning to see with respect to surface mineralization are highly encouraging at this stage of exploration.

“Work continues as we prepare for drilling, and we eagerly anticipate additional updates,” Ms. Proulx concluded.

Qualified Person

The technical information in this news release has been reviewed and approved by Michel Boily, PGeo, PhD. Mr. Boily is the qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 sq. km in this part of northern Quebec, highlighted by the Courcy and Mercator Projects.

FORWARD LOOKING INFORMATION

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

CAUTIONARY STATEMENT

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

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

For further information, contact:

Isabelle Proulx, President and CEO

Email: iproulx@stelmine.com

Tel: 418-626-6333

Follow us on:

Website : https://stelmine.com/en/

Twitter : https://twitter.com/Stelmine1

LinkedIn : http://www.linkedin.com/company/stelmine-canada-ltd

Facebook: https://www.facebook.com/StelmineCanada/

A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fa022f12-4a39-47d6-80ac-e418f8bff9ee

TORONTO, Aug. 19, 2021 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (“Jourdan” or the “Company“) is pleased to announce that it has received permission from the Ministère des Forêts, de la Faune et des Parcs (Quebec, Permit #3028358), Quebec’s mining authority, to commence a 2000m diamond drilling program on its Vallée property located in Val d’Or, Quebec. Drilling activities are permitted to commence on September 1, 2021. The diamond drilling program is intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled from 2011 along the western side of the Company’s Vallee property, which borders North American Lithium’s mine. This new campaign aims at completing two more fence lines across the lithium-bearing pegmatite swarm which has been mined in the immediate vicinity to the west. 10 holes of approximately 200m depth are scheduled to be drilled aiming at the pegmatites identified by the results of a bulk sample collected on the Vallée property in 2018. The bulk sample results revealed high Li₂O intersections which have encouraged the Company to continue exploration by drilling on the property.

Highlights of diamond drilling campaign

The permit was applied for on July 23, 2021 and received in early August 2021. Drilling is intended to start on September 1, 2021.
The Company believes that it can be inferred that the pegmatite swarm mined at the North American Lithium mine extends into the western part of the Vallée property.
The Company anticipates that the drilling campaign will add 2000m of drill core on the Vallée project with 10 drill holes of 200m each to find new pegmatite occurrences.

Rene Bharti, CEO of Jourdan, stated, “We believe this drill program will allow the Company to move forward with its goal to become Quebec’s next near-term lithium producer.”

Jourdan’s Chairman, Dr. Andreas Rompel, stated, “We are excited to commence a new phase of exploration on our Vallée property. After having received the vastly encouraging results from the bulk sample, this is only the natural progression to explore and develop the extent of lithium mineralisation along the pegmatite swarm.”

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Jourdan
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

For more information:
www.jourdaninc.com

Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800

Cautionary statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s ability to complete a 2000m drilling campaign at its Vallée property and to execute its business plan, including its ambition to become Quebec’s next near-term lithium producer. 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 subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

Southwest New Brunswick

VANCOUVER, BC / ACCESSWIRE / August 19, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its Glenelg Vanadium – Gold Property, located in southwest New Brunswick. The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway Metals Inc. (GWM).

The Glenelg Property hosts vanadium mineralization, with historic rock samples reported up to 0.42% V2O5. Through a review of historical information, the Company has identified target areas for gold exploration within the property with historic rock samples from at least four areas reported to exceed 1 g/t gold (including a sample reported to return 14 g/t gold).

The current exploration consists of focused prospecting and rock geochemical sampling. Rock samples are being collected within the Bocabec Gabbro, the target being vanadium – titanium mineralization. Previous Company rock samples and historic rock samples have confirmed vanadium and titanium mineralization within the Bocabec Gabbro.

A 2018 grab sample collected by the Company from a magnetite rich layer in the Bocabec Gabbro Complex returned 0.188% vanadium (0.33% V2O5), 10.3% TiO2 and 25.71% iron. This sample was collected within the southeast region of the property. It was collected by a qualified person and was analyzed by ALS Canada Ltd. by XRF Fusion. Another 2018 bedrock grab sample from the same southeast region of the property was reported to return 0.234% vanadium (0.42% V2O5), 12.2%TiO and 28.8% iron. This sample was collected by one of the Company's option partners for the property and was not verified by a Qualified Person.

Layered Bocabec Gabbro Complex

Prospecting and rock geochemical sampling are also being conducted in target areas for gold mineralization within the central-west regions of the Glenelg Property. Three gold occurrences (+/- silver and copper) are reported within the central region of the property. A historic (early 1900s) outcrop grab sample from one occurrence, reported as quartz-sulfide breccia within altered gabbro, was reported to return 1.33 grams / tonne (g/t) gold. Historic float samples reported during the same period in the central-west regions of the property were reported to return 2.7 and 2.2 g/t gold. A historic 2013 grab sample from a sulfide vein from the southeast region of the property was reported to return 14 g/t gold. This mineralization has not been verified by a Qualified Person.

A portion of the northern boundary of the Glenelg Property borders the Clarence Stream Gold Project of Galway Metals Inc. Galway reported a NI 43-101 resource estimate for the project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 g/t gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 g/t gold (277,000 ounces of gold).

The Glenelg Vanadium Property is located within southwest New Brunswick approximately 17 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the Company's Mascarene Property which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and / or silver.

Readers are warned that mineralization at the Clarence Stream Gold Project and the Company's Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium Property.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/660503/Great-Atlantic-Begins-2021-Exploration-Program-At-Its-Glenelg-Vanadium–Gold-Property

Funding will allow REE to advance commercial production of its breakthrough REEcorner™ technology and ultra-modular EV platforms
Project to help accelerate industry shift towards net zero-emissions with REE’s technology designed to support extensive range of electric vehicles

TEL AVIV, Israel, Aug. 19, 2021 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: “REE”), an innovator in e-mobility which recently started to trade on Nasdaq, today announced that its REEcorner™ technology was awarded $17 million USD funding from the UK government as part of a $57 USD million investment, coordinated through the Advanced Propulsion Centre (APC). The investment is in line with the UK government’s ambition to accelerate the shift to zero-emission vehicles and de-carbonize the UK’s transport networks. The award funding follows an intensive vetting and selection process from which REE’s project and three other transformational projects were selected amongst dozens of companies. Together, the 4 projects could save nearly 32m tons of carbon emissions, which is equivalent to the lifetime tailpipe emissions of 1.3m cars. The investment will help drive energy-saving technology across a wide range of vehicles and propel forward a green economy recovery.

The UK funds will allow REE to facilitate commercial production of its breakthrough REEcorner™ technology and ultra-modular electric vehicle platforms, including engineering design, validation, verification and testing and product homologation.

REEcorner™ technology packs critical vehicle components (e.g. steering, braking, suspension, powertrain and control) into a single compact module located between the chassis and the wheel, thus enabling fully-flat EV platforms. REE’s ultra-modular EV platforms are designed to offer enhanced payload capacity by providing more room for carrying passengers, cargo and batteries and enhanced body design flexibility and autonomous capability.

Ian Constance, Chief Executive at the APC said: “These projects tackle some really important challenges in the journey to net-zero road transport. They address range anxiety and cost, which can be a barrier to people making the switch to electric vehicles and they also provide potential solutions to the challenge of how we decarbonize public transport and the movement of goods. By investing in this innovation, we’re taking these technologies closer to the point where they are commercially viable, which will strengthen the UK’s automotive supply chain, safeguard or create jobs and reduce harmful greenhouse emissions.”

Minister for Investment Lord Grimstone said: “By investing tens of millions in the technology needed to decarbonize our roads, not only are we working hard to end our contribution to climate change, but also ensuring our automotive sector has a competitive future that will secure thousands of highly-skilled jobs. Seizing the opportunities that arise from the global green automotive revolution is central to our plans to build back greener, and these winning projects will help make the widespread application and adoption of cutting-edge, clean automotive technology a reality.”

Mike Charlton, REE’s COO: “REE is honored to have been selected as recipient of the UK funding to support REE investment in the UK automotive ecosystem following an extensive vetting and selection process. With the opening of our Engineering Center in the UK in February this year, this reaffirms our commitment to the region and is in line with our plans for the mass production of our breakthrough REEcorner and electric vehicle platform technology. The UK is an ideal location for a pioneering automotive company like REE thanks to the country’s commitment to vehicle electrification which dovetails with our vision of propelling a zero-emissions, greener future for our generation and those to come.”

About REE AutomotiveREE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.

For more information visit: www.ree.auto

Media Keren ShemeshChief Marketing Officer | REE Automotive+972-54-5814333media@ree.autoInvestor RelationsLimor GruberVP Investor Relations | REE Automotive+972-50-5239233investors@ree.auto

Caution About Forward-Looking StatementsThis communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plan,” “projects,” “believes,” “views,” “estimates”, “future”, “allow”, “aims”, “strives” “endeavors” and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

About the Advanced Propulsion CentreThe Advanced Propulsion Centre (APC) collaborates with UK government, the automotive industry and academia to accelerate the industrialisation of technologies, supporting the transition to deliver net-zero emission vehicles.

Since its foundation in 2013, APC has funded 170 low-carbon projects involving 402 partners, working with companies of all sizes, and has helped to create or safeguard over 50,000 jobs in the UK. The technologies developed in these projects are projected to save over 260 million tonnes of CO2, the equivalent of removing the lifetime emissions from 12 million cars.

With its deep sector expertise and cutting-edge knowledge of new propulsion technologies, APC’s role in building and advising project consortia helps projects start more quickly and deliver increased value. In the longer term, its work to drive innovation and encourage collaboration is building the foundations for a successful and sustainable UK automotive industry.

In 2019 the UK government committed the Automotive Transformation Fund (ATF) to accelerate the development of a net-zero vehicle supply chain, enabling UK-based manufacturers to serve global markets. ATF investments are awarded through the APC to support strategically important UK capital and R&D investments that will enable companies involved in batteries, motors and drives, power electronics, fuel cells, recycling, and associated supply chains to anchor their future.

For more information go to apcuk.co.uk or follow us @theapcuk on Twitter and Advanced Propulsion Centre UK on LinkedIn.

Figure 1 Abitibi Geology-Midland Gold Projects

Abitibi Geology-Midland Gold Projects

Figure 2 Lewis Project Location

Lewis Project Location

Figure 3 Lewis Geology and New 2020-21 Discoveries

Lewis Geology and New 2020-21 Discoveries

Figure 4 Lewis Mag TD and New 2020-21 Discoveries

Lewis Mag TD and New 2020-21 Discoveries

Figure 5 IP Ore-Vision Survey

IP Ore-Vision Survey

Figure 6 IP Chargeability Map&Targets

IP Chargeability Map&Targets

Figure 7 Golden Nest New Showing

Golden Nest New Showing

Figure 8 Golden Nest Sample A0358475

Golden Nest Sample A0358475

Figure 9 Golden Nest Sample A0361223

Golden Nest Sample A0361223

MONTREAL, Aug. 19, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the discovery of a new high-grade gold showing on its Lewis project, wholly owned by Midland and located approximately 60 kilometres southwest of the town of Chapais in the Abitibi region of Quebec.

This new project, acquired in April 2020, consists of 172 claims (95 km²) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone. The Lewis project is located approximately 60 km northwest of the Nelligan deposit jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

New high-grade gold showing: Golden Nest

Grab samples from the new Golden Nest showing yielded gold grades of 10.2 g/t Au and 2.1 g/t Au. These values are located approximately 1.1 kilometres east of the Red Giant showing discovered by prospecting in 2020, where channel samples yielded values up to 0.35 g/t Au over 9.0 metres.

This new high-grade gold showing was discovered during prospecting work conducted in May 2021. The prospecting campaign was designed to cover high-priority induced polarization (IP) anomalies that were identified during the winter 2021 survey along the extensions of the Red Giant gold-bearing structure.

The Golden Nest showing is directly associated with a moderate chargeability anomaly (5-10 mv/V) coinciding with a sharp increase in resistivity. The gold-bearing zone corresponds to a small outcrop of approximately 10 square metres exhibiting 5 to 10% pyrite mineralization. The IP anomaly associated with this gold-bearing zone may be traced over a distance of at least 400 metres to the west. The gold-bearing zone is entirely new and has never been drill-tested.

Further mechanical stripping and channel sampling are planned and will be completed as soon as the necessary permits are received.

The Lewis gold property is located approximately 60 kilometres northwest of the Nelligan deposit, which hosts inferred resources estimated at 96.99 million tonnes grading 1.02 g/t Au for 3.19 million ounces of gold (Source: Nelligan NI 43-101 Technical Report dated October 22, 2019, prepared for Iamgold Corp. and Vanstar Mining Resources). In addition, approximately 10 kilometres west of the Lewis property lies the former Lac Shortt mine, which historically produced 2.7 million tonnes at a grade of 4.6 g/t Au (Source: MERN-SIGEOM).

Cautionary statements:

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

The true thickness of mineralized zones intersected in channel samples cannot be determined with the information currently available.

Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Samples from the Lewis project were analyzed by atomic absorption (AA-23) at ALS Minerals laboratories in Val-d’Or, Quebec. All samples are also analyzed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Billiton Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: https://www.midlandexploration.com/

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/12c6edd3-d679-481f-9581-2dc7c2a511cb

https://www.globenewswire.com/NewsRoom/AttachmentNg/4dfc624f-57ec-4c4b-9e45-e9e58a107cd6

https://www.globenewswire.com/NewsRoom/AttachmentNg/590fcf51-2a54-4a9c-9793-62bd6920ac41

https://www.globenewswire.com/NewsRoom/AttachmentNg/f80022ca-3a22-487c-830a-771279804c4d

https://www.globenewswire.com/NewsRoom/AttachmentNg/80b5301a-8e46-4f11-99f1-eef0097ca9b1

https://www.globenewswire.com/NewsRoom/AttachmentNg/16ac655c-9805-4ca8-9549-48ee021af4f8

https://www.globenewswire.com/NewsRoom/AttachmentNg/df7da259-75d6-4d35-8a11-434b9429ef0b

https://www.globenewswire.com/NewsRoom/AttachmentNg/a9b3d4ed-8326-4ee3-8fd2-5d76c264b125

https://www.globenewswire.com/NewsRoom/AttachmentNg/25d19dd3-f9c2-418d-9b60-6bd5a7acb5cc

– Funding will allow REE to advance commercial production of its breakthrough REEcorner™ technology and ultra-modular EV platforms

– Project to help accelerate industry shift towards net zero-emissions with REE's ultra-modular EV platforms & REEcorners™ designed to support extensive range of electric vehicles

TEL-AVIV, Israel, Aug. 19, 2021 /PRNewswire/ — REE Automotive Ltd. (NASDAQ: REE), an innovator in e-mobility which recently started to trade on Nasdaq, today announced that its REEcorner™ technology was awarded £12.5 million GBP funding from the UK government as part of a £41.2 million GBP investment, coordinated through the Advanced Propulsion Centre (APC). The investment is in line with the UK government's ambition to accelerate the shift to zero-emission vehicles and de-carbonize the UK's transport networks. The award funding follows an intensive vetting and selection process from which REE's project and three other transformational projects were selected amongst dozens of companies. Together, the 4 projects could save nearly 32m tons of carbon emissions, which is equivalent to the lifetime tailpipe emissions of 1.3m cars. The investment will help drive energy-saving technology across a wide range of vehicles and propel forward a green economy recovery.

REEcorner technology and fully flat EV platform

REEcorner™ technology packs critical vehicle components (e.g. steering, braking, suspension, powertrain and control) into a single compact module located between the chassis and the wheel, thus enabling fully-flat EV platforms. REE's ultra-modular EV platforms are designed to offer enhanced payload capacity by providing more room for carrying passengers, cargo and batteries and enhanced body design flexibility and autonomous capability.

Ian Constance, Chief Executive at the APC said: "These projects tackle some really important challenges in the journey to net-zero road transport. They address range anxiety and cost, which can be a barrier to people making the switch to electric vehicles and they also provide potential solutions to the challenge of how we decarbonize public transport and the movement of goods. By investing in this innovation, we're taking these technologies closer to the point where they are commercially viable, which will strengthen the UK's automotive supply chain, safeguard or create jobs and reduce harmful greenhouse emissions."

Minister for Investment Lord Grimstone said: "By investing tens of millions in the technology needed to decarbonize our roads, not only are we working hard to end our contribution to climate change, but also ensuring our automotive sector has a competitive future that will secure thousands of highly-skilled jobs. Seizing the opportunities that arise from the global green automotive revolution is central to our plans to build back greener, and these winning projects will help make the widespread application and adoption of cutting-edge, clean automotive technology a reality."

Mike Charlton, REE's COO: "REE is honored to have been selected as recipient of the UK funding to support REE investment in the UK automotive ecosystem following an extensive vetting and selection process. With the opening of our Engineering Center in the UK in February this year, this reaffirms our commitment to the region and is in line with our plans for the mass production of our breakthrough REEcorner and electric vehicle platform technology. The UK is an ideal location for a pioneering automotive company like REE thanks to the country's commitment to vehicle electrification which dovetails with our vision of propelling a zero-emissions, greener future for our generation and those to come."

About REE Automotive

REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE's mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners' existing production lines. REE's technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.
For more information visit: www.ree.auto

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company's statements about the Company's strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE's control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE's future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE's ability to commercialize its strategic plan; REE's ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE's advanced prototypes into marketable products; REE's ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE's estimates of unit sales, expenses and profitability and underlying assumptions; REE's reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE's limited operating history; risks associated with plans for REE's initial commercial production; REE's dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE's ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE's ability to enforce, protect and maintain intellectual property rights; REE's ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE's final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

About the Advanced Propulsion Centre

The Advanced Propulsion Centre (APC) collaborates with UK government, the automotive industry and academia to accelerate the industrialisation of technologies, supporting the transition to deliver net-zero emission vehicles.

Since its foundation in 2013, APC has funded 170 low-carbon projects involving 402 partners, working with companies of all sizes, and has helped to create or safeguard over 50,000 jobs in the UK. The technologies developed in these projects are projected to save over 260 million tonnes of CO₂, the equivalent of removing the lifetime emissions from 12 million cars.

With its deep sector expertise and cutting-edge knowledge of new propulsion technologies, APC's role in building and advising project consortia helps projects start more quickly and deliver increased value. In the longer term, its work to drive innovation and encourage collaboration is building the foundations for a successful and sustainable UK automotive industry.

In 2019, the UK government committed the Automotive Transformation Fund (ATF) to accelerate the development of a net-zero vehicle supply chain, enabling UK-based manufacturers to serve global markets. ATF investments are awarded through the APC to support strategically important UK capital and R&D investments that will enable companies involved in batteries, motors and drives, power electronics, fuel cells, recycling, and associated supply chains to anchor their future.
For more information go to apcuk.co.uk or follow us @theapcuk on Twitter and Advanced Propulsion Centre UK on LinkedIn.

Photo – https://mma.prnewswire.com/media/1598076/REEcorner_technology.jpg

Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") is pleased to announce that Precision GeoSurveys Inc. ("Precision") has completed the airborne magnetic survey (the "Survey"), announced on June 16, 2021, over the Company's 100% owned Wheaton Creek Gold property (the "Property") in Northern British Columbia. The survey has successfully outlined distinctive magnetic features that will assist the drill targeting in the upcoming program.

From the Company's VP of Exploration, Sebastien Ah Fat, "We are very pleased to find that the Survey has successfully confirmed our initial theory that a well-defined ultramafic contact boundary exists on the Property. The discovery of thick zones of magnetic lows that abruptly transition from magnetic highs may be associated with liswanite mineralization. Listwanite, being formed by the carbonization of serpentinized ultramafic rock, is a key alteration indicator commonly associated with mesothermal quartz carbonate gold deposits and we hope to confirm this via our future drilling programs at Wheaton Creek Gold."

The Survey successfully identified magnetic high anomalies of the Cache Creek Ultramafic Complex and distinctive contact fault boundaries which are prospective for hydrothermal deposition. Furthermore, a thick, northwest-trending, magnetic low anomaly adjoining the Cache Creek Ultramafic Complex to the east may correlate with carbonization of serpentinized ultramafic rock known as liswanite. Listwanite is a distinctive alteration feature commonly associated with lode gold, quartz carbonate gold deposits. These findings reinforce the thesis that Wheaton Creek bears many geologic similarities to the Atlin Mining Camp where the source of the placer gold was found to be at or near fault boundaries of ultramafic and sedimentary rock.

Figure 1: Wheaton Creek Gold, Total Magnetic Intensity Survey Results with Interpreted Fault Boundaries

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Figure 2: Wheaton Creek Gold, Calculated Vertical Gradient Survey Results with Interpreted Carbonization Alteration Zone.

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Pacific Bay's Vice President of Operations, Antonio Vespa, explains, "We want to take a data driven approach for our exploration programs. Now that we have completed our initial site visit and the airborne magnetic survey, we have increased confidence in our proposed drill targets. We are very excited to receive further interpretation of the data gathered so far and continue with exploration later this year."

Mr. Vespa and Mr. Ah Fat, completed a site visit on the 17^t^h of June, 2021. The site visit was successful in gathering information about the current state of the Property, including:

Accessibility to the site
Condition of infrastructure, including camp availability, in the area
Location of previous drillholes
Drone photogrammetry

The Company plans to proceed with the diamond drilling of 3-5 drillholes in September/October of 2021, subject to drill contractor availability and permit amendments with new drill sites.

Wheaton Creek Highlights:

3,019 hectares of mineral tenures 100% owned by the Company
1986 drillhole 86-01 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold
5-year multi-year area based (MYAB) permit in good standing
Notice of work (NOW) application approved

Note: all above reported intercepts are core lengths only as the true width of the structures has not yet been determined.

Sebastien Ah Fat, P.Geo., a Qualified Person as defined by National Instrument 43-101, approved the technical information in this release.

On Behalf of the Board of Directors
David Brett, CEO
dbrett@pacificbayminerals.com
(604) 682-2421

Helder Carvalho, Vice President, Corporate Development
hcarvalho@pacificbayminerals.com

pacificbayminerals.com / Twitter / LinkedIn

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to the expected use of proceeds of the Financing. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, 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. Accordingly, readers should not place undue reliance on forward‐looking statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93395

VANCOUVER, British Columbia, Aug. 18, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that the Company has elected to accelerate the expiry date of certain warrants. On March 11, 2021, the Company issued a total of 12,500,000 warrants (the “Warrants”) which are exercisable at $0.10 per share until March 11, 2022. As previously announced, the Warrants contained a provision that allows the Company to accelerate the expiry date of the Warrants if the closing price of the Company’s shares on the TSX Venture Exchange is greater than $0.14 for a period of twenty consecutive trading days. As the Company’s shares have closed at higher than $0.14 since June 4, 2021, the Company is now providing notice by way of this press release to all the remaining holders of the Warrants that the expiry date for the Warrants will now be September 30, 2021. The Company will also provide written notice directly to all the Warrant holders of the early expiration date. There are 10,820,000 Warrants that are remaining and subject to the early expiration date. If all warrants are exercised, proceeds of $1,082,000 would be realized.

In addition, the Company announces that is has issued a total of 8,930,000 stock options to its directors, officers, employees and consultants. All the stock options will be exercisable for a period of five years at an exercise price of $0.20. Of the total number of stock options granted 7,050,000 options were granted to directors and senior officers of the Company.

About Search Minerals Inc.

Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.

Search has continued to optimize our patented Direct Extraction Process technology with the generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.

For further information, please contact:

Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: info@searchminerals.ca

Cautionary Statement Regarding “Forward-Looking” Statements:

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company’s proposed exploration programs described herein, and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to obtain the necessary resources to complete the exploration programs and poor exploration results.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's financial condition and development plans do not change as a result of unforeseen events, and that the Company will receive all required regulatory approvals,.

Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

VANCOUVER, BC / ACCESSWIRE / August 18, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") announces results from a recently completed program comprising geological mapping and soil geochemical sampling at its Nikki copper-gold porphyry project, which is located in the Kluane belt where the Company's research and exploration has recognized a string of promising high-level porphyry copper-gold prospects.

The Nikki project is situated in southwestern Yukon, 25 km northwest of the Mint project (see Company news release dated August 11, 2021) and 16 km west of the Alaska Highway (Figure 1). Both Nikki and Mint are 100% owned by Strategic and neither is subject to underlying royalty interests. The Nikki project comprises 40 mineral claims, encompassing 800 hectares (8 km²), and is located within the Traditional Territory of the White River First Nation.

The Nikki area was first staked in 1910, making it one of the oldest mineral occurrences in western Yukon, but little exploration was done on it prior to Strategic staking its claims in 2004 despite the fact that it was recognized as a porphyry target in the late 1960s soon after Western Copper and Gold's Casino deposit was discovered 120 km to the northeast.

The Nikki porphyry system is hosted in a northwesterly-elongated, early Cretaceous intrusive complex composed of tabular bodies of fine grained diorite and younger porphyritic granodiorite, which intrude a section of Paleozoic argillites with minor limestone lenses. A system of Miocene porphyry dykes cut the older intrusions and sedimentary wallrocks. The target is marked by very strong copper and gold stream sediment anomalies, a magnetic high and a large gossan.

Work by Strategic has defined a 2000 m long by up to 1100 m wide soil geochemical anomaly that is cored by high copper values with scattered anomalous values for lead, zinc and silver on the northern and eastern flanks. Gold-in-soil values are strong within the porphyry but are also high on the flanks where mineralized skarns and veins have been noted. Peak soil values are 3060 ppm copper, 1590 ppb gold, 45.5 ppm silver, 4970 ppm lead and 3950 ppm zinc, as illustrated on Figures 2-6.

The Nikki project has also responded well to geophysical surveys (magnetic, radiometric and induced polarization). A pronounced magnetic high that coincides with the diorite/granodiorite complex (Figure 7) is locally accompanied by strong radiometric highs that are attributed to potassic alteration (Figure 8), and areas of moderate chargeability. The geological setting, soil geochemical patterns and geophysical response are all consistent with a high-level alkalic porphyry system.

A total of seven shallow diamond drill holes have tested the upper portion of the porphyry target, with two holes in 1971 totalling 290 m, four holes in 2010 totalling 1308 m and one hole in 2012 reaching 298 m. All of the holes contain porphyry style alteration and mineralization. The 1971 holes were not analyzed for gold but return promising copper values, with one hole averaging 0.15% over 150 m and the other 0.12% over 140 m. The best results from the 2010 and 2012 drilling came from the bottom of hole 10-02, which averaged 0.13 % copper and 0.076 g/t gold over the last 64 m (Figure 9). Nearby hand trenches also produced encouraging results with chip samples from one trench grading 0.38% copper and 0.364 g/t gold over its entire 6 m length and those from the other trench averaging 0.47% copper and 0.194 g/t gold over its 8 m length.

Little effort has been directed towards evaluating precious metal mineralization in skarns and veins on the fringes of the porphyry system. Most of the gold-enriched rock samples taken on the property were collected up-slope to the northeast of the drill holes (Figure 10). The best gold-in-rock result came from a chip sample across part of a copper-bearing skarn exposure, located about 500 m north of the historical drill holes, which returned 11.95 g/t gold over 2 m. The strongest gold-in-soil values approximately coincide with a broad area characterized by high potassium radiometrics and moderately strong magnetics.

"Historical work has identified a broad zone of copper-enriched porphyry mineralization within the diorite/granodiorite complex, but recent work at Nikki and elsewhere in the Kluane belt suggests that the younger dykes may have played an important role in localizing mineralization, particularly gold." states Doug Eaton CEO of Strategic. "The best results from soils and rocks are mostly located up-slope to the north of the historical drill holes in an area with elevated radiometric and magnetic response. This signature suggests that potassic alteration may have occurred in wallrocks above deeper porphyry mineralization."

Rock sample preparation and multi-element analyses were carried out at ALS in Whitehorse, YT and North Vancouver, BC, respectively. Each sample was dried, fine crushed to better than 70% passing 2 mm and then a 250 g split was pulverized to better than 85% passing 75 microns. The fine fractions were analyzed for 35 elements using aqua regia digestion followed by inductively coupled plasma (ME-ICP41). An additional 50 g charge was further analysed for gold by fire assay and atomic absorption spectroscopy finish (Au-AA24). Samples with overlimit values were further analyzed by four-acid digestion for silver and zinc using Ag-OG46 and Zn-OG46.

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

About Strategic Metals Ltd.

Strategic is a project generator with 11 royalty interests, 8 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of over $8 million and large shareholdings in a number of active mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.9% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio is approximately $22 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

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

Corporate Information

Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries

Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.com

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

SOURCE: Strategic Metals Ltd.

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Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed an additional four holes of its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland, with visible gold continuing to be evident in quartz veins. The 100% owned Golden Promise Property is one of the company's eight properties, which cover an area of 25,700 hectares, located within the central Newfoundland gold belt.

These holes are a part of Phase 2 diamond drilling at the gold bearing Jaclyn Zone, located within the northern region of the Golden Promise Property, which hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones.

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The current Phase 2 drilling will include up to 33 drill holes, totalling approximately 5,000 metres, at the gold bearing Jaclyn Zone with holes planned at the Jaclyn Main Zone and Jaclyn North Zone. Holes GP-21-152 and 153 were completed at the Jaclyn Main Zone, both being definition holes. Hole GP-21-152 intersected a quartz veined zone between 46.9 to 49.6 metres. Hole GP-21-153 intersected multiple quartz veins with visible gold present at two locations, within a quartz vein intersected between 44.00 and 46.63 metres, and again within a zone of predominantly quartz veins between 66.90 and 74.48 metres.

Most of the planned holes at the Jaclyn Main Zone are within the central to west region of the zone, testing above 200 metres vertical depth. Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200 to 350 metres vertical depth.

Holes GP-21-154 and 155 were completed at the Jaclyn North Vein near the west margin of a zone of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins, with visible gold present in a quartz vein in GP-21-154.

The company collected gold bearing quartz boulder samples in this area during 2017, including samples returning 163, 208 and 332 grams per tonne and again in 2020 including samples returning 17.4, 26.7 and 157.6 grams per tonne gold.

Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts of 113.07 grams per tonne gold over 0.55 metres and 61.35 grams per tonne gold over 2.04 metres, and 15.8 grams per tonne gold over 2.70 metres, plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 grams per tonne gold over 25.25 metres.

The company reported a NI 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 grams per tonne gold for 119,000 ounces uncapped.

Viewers are warned that mineralization at the Valentine Gold Project, the Moosehead Gold Project, the Queensway Project, and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization on the company's Golden Promise Property.

About InvestmentPitch Media

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

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VANCOUVER, British Columbia, Aug. 18, 2021 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Board of Directors (the “Board”). Both Daniel and Gabriel are long term, active participants and investors in the rare earth element industry, and bring extensive commercial and financial experience to the Medallion team.

“The addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Medallion Board is a key moment for the Company, providing a new level of financial and commercial capacity” said Mark Saxon, President and CEO. “Both Daniel and Gabriel have impressive records, and their contributions to Medallion’s strategy and growth are highly anticipated.”

Daniel Mamadou is the founder and executive director of Welsbach Holdings, a Singapore-based firm investing in the discovery and development of the metals and materials that are critical to the global energy transition. Prior to the formation of Welsbach, Daniel co-founded Talaxis Ltd, a subsidiary of Noble Group focused on the development of supply chains of technology metals and materials. He was the director of Talaxis from 2015 until December 2020. In addition, Daniel’s professional career has included senior roles at Deutsche Bank in London and Hong Kong, Goldman Sachs in London and as Head of the Corporate Solutions and Financing for Nomura Securities for the Asia-Pacific region. Daniel holds an MSc in International Securities and Banking from the ICMA Centre University of Reading and a BA in Business Management from ESIC-Valencia.

Gabriel Alonso-Mendoza co-founded Amvest Capital Inc. to support companies seeking growth capital within the natural resource sector. Throughout his career, Gabriel has raised and invested over $1 billion for companies in the mining and metals, oil and gas, and agriculture industries. Before forming Amvest Capital, Gabriel worked on the buy and sell-side ranging from analyst to junior partner. Gabriel graduated from the University of Miami with a degree in International Finance and Marketing.

Furthermore, Medallion announces the grant of 500,000 stock options to directors which are exercisable into common shares of Medallion at a price of $0.17 per common share in accordance with TSX Policy 4.4, and subject to the rules of the TSX Venture Exchange and the Company’s Stock Option Plan. The options have a term of five years and will expire on August 18, 2026.

Medallion is focused on commercialization of proprietary technologies that enable the sustainable extraction and separation of rare earth elements (“REE”) with minimum environmental footprints. This includes a proprietary method to utilize mineral sand monazite as a low cost REE source for which the positive findings of a Techno-Economic Assessment (“TEA”) were recently published; and the patented Ligand Assisted Displacement (“LAD”) Chromatography process for solvent-free REE separation.

Medallion has recently signed a non-binding Memorandum of Understanding for the single-use application of these technologies in southeastern Australia.

About Medallion Resources

Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact(s):

Mark Saxon, President & CEO
+1.604.681.9558 or info@medallionresources.com

Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to entering into the Binding Contract, and licensing the Medallion Monazite Process to ACDC. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion 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, except as required pursuant to applicable laws.

VANCOUVER, BC / ACCESSWIRE / August 17, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the following two drill holes (GP-21-154 and GP-21-155) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. These holes are part of the Company's Phase 2 drilling program at the Jaclyn Zone. The holes were completed at the Jaclyn North Zone in an area of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins. Visible gold is present in a quartz vein in GP-21-154

Quartz Veining in GP-21-154 with Visible Gold

Drill Holes GP-21-154 and GP-21-155 tested the Jaclyn North Zone (JNZ) east of pre-Great Atlantic drilling, being part of the Company's Phase 2 drilling program at the Jaclyn Zone. The first three holes of the Phase 2 drilling program (GP-20-146, GP-20-147 and GP-20-148), conducted during late 2020, extended the JNZ quartz vein system approximately 260 meters further east along strike with each hole intersecting gold bearing quartz veins (see News Releases on the Company's website). GP-21-154 and GP-21-155 were definition holes in this area of the JNZ, each drilled near the west margin of a zone of gold bearing quartz boulders.

Drill hole GP-21-154 was drilled slightly southeast at an approximate 48-degree dip to a length of 122 meters. The objective of the hole was to test the projected up-dip extension of a gold bearing quartz veined interval (including 1.28 g/t gold over 0.87 meters core length) intersected in drill hole GP-21-147. GP-21-154 intersected a quartz veined interval at 20.3 – 22.2 meters. Visible gold is present in one vein within this interval. Sulfide mineralization is also present locally in quartz veins within this interval.

Drill hole GP-21-155 was collared approximately 10 meters north of GP-19-154. Drill hole GP-19-155 was drilled slightly southeast at an approximate 64-degree dip to a length of 92 meters. It intersected multiple quartz veins of which the most prominent and sulfide bearing veins being intersected at 24.20 – 24.75 meters (possible down-dip extension of the quartz veined interval intersected in GP-21-154) and at 56.22 – 56.52 meters.

Quartz vein in GP-21-155

The current Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes completed and planned at the Jaclyn Main Zone (JMZ) and JNZ and total planned drilling of approximately 5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide information for an updated resource estimate of the JMZ. The first five holes completed during 2021 were at the JMZ with visible gold interested in quartz veins in four holes. The Company is continuing the drill hole numbering system from previous drilling programs. Most of the completed and planned holes at the JMZ are within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the JMZ during Phase 2 to test the zone at 200-350 meters vertical depth. Planned holes at the JNZ are east of pre-Great Atlantic drilling to define the zone.

Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped).

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director

Investor Relations:

Andrew Job 1-416-628-1560 IR@GreatAtlanticResources.com
Office Line 604-488-3900

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/660106/Great-Atlantic-Drilling-Confirms-Additional-Quartz-Veins-300-Meters-North-of-Jacklyn-Main-with-Visible-Gold

QUEBEC CITY, Aug. 17, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (“Stelmine” or the “Company”) is pleased to announce that it has entered into an agreement with MarketSmart Communications Inc., pursuant to which MarketSmart will provide investor relations (“IR”) services to Stelmine for an initial term of 12 months.

Stelmine will pay MarketSmart a fee of $7,000 per month, plus applicable taxes, and MarketSmart will also be granted stock options to purchase 500,000 common shares of Stelmine at a price of 28 cents per share for a term of two years. The options are in accordance with Stelmine’s stock option plan and are vested quarterly over one year. The IR agreement, effective August 16, 2021, and grant of options are subject to the approval of the TSX Venture Exchange.

Isabelle Proulx, Stelmine CEO, commented: “As Stelmine becomes much more active on the ground with emerging new discoveries at our projects in the Caniapiscau district, east of James Bay, we are determined to ramp up our outreach to investors. We’re delighted to be working with MarketSmart which is recognized as a leading Canadian IR firm.”

Adrian Sydenham, President of MarketSmart, stated: "Historical drill results at the Courcy Property and a growing number of surface discoveries over a broad area at Mercator to the northwest have our team excited about this project in terms of its scale and grade potential. This part of northern Quebec has received little exploration attention in the past, and Stelmine has the team capable of making an important new discovery. They’re now rapidly approaching the drilling stage after a three-year systematic approach to exploration that has built an impressive inventory of high-quality targets. We see excellent opportunities in the gold space during this second half of 2021, so we’re very excited to be engaging with Stelmine at a catalyst-rich period for the company.”

Project & Regional Map

Click here to see the map

About Stelmine Canada

FORWARD LOOKING INFORMATION

CAUTIONARY STATEMENT

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

For further information, contact:

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

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

Globex Mining Enterprises (TSE:GMX) has had a rough three months with its share price down 17%. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Globex Mining Enterprises' ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

See our latest analysis for Globex Mining Enterprises

How Do You Calculate Return On Equity?

The formula for ROE is:

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

So, based on the above formula, the ROE for Globex Mining Enterprises is:

73% = CA$13m ÷ CA$18m (Based on the trailing twelve months to June 2021).

The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.73 in profit.

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Globex Mining Enterprises' Earnings Growth And 73% ROE

To begin with, Globex Mining Enterprises has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 16% which is quite remarkable. As a result, Globex Mining Enterprises' exceptional 73% net income growth seen over the past five years, doesn't come as a surprise.

As a next step, we compared Globex Mining Enterprises' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 30%.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Globex Mining Enterprises is trading on a high P/E or a low P/E, relative to its industry.

Is Globex Mining Enterprises Making Efficient Use Of Its Profits?

Summary

Overall, we are quite pleased with Globex Mining Enterprises' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard would have the 3 risks we have identified for Globex Mining Enterprises.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.

BEDFORD, NS / ACCESSSWIRE / August 17, 2021 / (TSXV:SSE) – Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") is pleased to announce that it has signed a binding Letter of Intent ("LOI") with two parties (the "Vendors") to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, (the "Property" or the "Properties") located near Grand Falls, Newfoundland, Canada, 20-25 kilometres west of New Found Gold Corp.'s Queensway project and 15-35 kilometres south of Sokomon Iron Inc.'s Moosehead gold project.

"Newfoundland offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects," said Greg Davison, Silver Spruce VP Exploration and Director. "The Silver Spruce Board of Directors has made a strategic decision to add multiple properties to our portfolio in high-quality jurisdictions which will give shareholders more opportunities for notable discoveries, and with an easy and inexpensive exit strategy, in the event the properties do not fulfill our early exploration criteria."

The 8,750-hectare project is located strategically within the Exploits Subzone, an extensive area of mineral exploration activity and discoveries over the past two years (Figure 1). The Properties are well situated in logistics for exploration, located close to each other and <10-25 kilometres southeast and south by road from Grand Falls, Newfoundland. The Properties are located <50 kilometres from the Gander International Airport and are easily accessible from major paved roads and local logging and bush roads and trails largely by vehicles and more remote areas by ATV.

"We will be expediting our initial geological studies on the Properties during the week of August 23^rd and look forward to completing a definitive agreement with the Vendors shortly thereafter. We are excited with the timely opportunity to acquire these Properties given their strategic location in a very active exploration camp, and proximal to major and structural features defined by the regional and local geophysical and geological coverage," said Greg Davison, Silver Spruce VP Exploration and Director. "We look forward to building out the project ArcGIS database and investigating the most up-to-date geochemical and geophysical techniques to optimize a Fall 2021 Phase 1 exploration program."

Multiple occurrences are reported of agate chalcedony to colloform and crystalline silica veining, carbonate replacement by quartz, and open-space filling quartz and calcite (see Figures 2 and 3), all textures indicative of the upper zones of epithermal systems, and are accompanied by Au and arsenopyrite with minor Cu sulphide and carbonate mineralization in several host lithologies.

The region is structurally complex and located, in large part, between two major crustal lineaments, the Grub Line and Valentine Lake Faults (Figure 1). Numerous major to lesser sub-parallel features merge and bifurcate along strike and are transected by NW and EW-trending faults. These deep-seated structures, which juxtapose geological terranes over hundreds of kilometres, are key to the location and formation of orogenic gold deposits containing several million ounces of gold as reported by a number of junior companies in the district. Though younger, the lineaments are very similar to those of the Abitibi Gold Belt in Ontario and Quebec in scale, splaying surface expression and wide distribution of mineral endowment, though in an earlier stage of overall exploration and development.

Figure 1. Location Map of Mystery, Till and Marilyn Gold Properties in the Exploits Subzone Gold Belt (Image adapted from exploits.gold).

Letter of Intent

The principal terms to purchase 100% interest in the Properties include cash payments and Silver Spruce common shares, with CAD$40,000 in cash and 1,000,000 shares on signing, and escalating payments of CAD$575,000 and 9,000,000 shares spread over five years on the anniversary date of TSX Venture Exchange approval. The minimum work expenditures over the life of the agreement total CAD$1,500,000, with CAD$150,000 required during the first year. The Vendors will retain a two percent Net Smelter Return royalty ("NSR") of which 1% can be purchased by the Company for CAD$2,000,000 and the remaining 1% at market price. An advance royalty of CAD$15,000 per annum would be payable upon and subsequent to the 6^th anniversary. A finder's fee is payable on the acquisition pursuant to the guidelines of the TSX Venture Exchange.

Silver Spruce has a 30-day window after signing the LOI to carry out its due diligence and prepare a Definitive Agreement ("DA") for the Property acquisition.

Figure 2. Epithermal chalcedonic silica veining with complex depositional and compositional banding, open space filling and multi-stage brecciation from Mystery property.

Figure 3. Silica veining with complex deposition as fine laminations to coarse crustiform textures, compositional and textural banding, and multi-stage or episodic brecciation and infilling from Marilyn property.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the Mystery, Marilyn and Till Projects and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("N.I. 43-101"), under TSX guidelines.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos' Nicho deposit, respectively. The Company also is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO
(902) 826-1579
mkinley@silverspruceresources.com
info@silverspruceresources.com

www.silverspruceresources.com

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/660107/Silver-Spruce-Signs-LOI-to-Acquire-100-Interest-in-8750-hectare-Mystery-Till-and-Marilyn-Gold-Properties-Exploits-Gold-Belt-central-Newfoundland

Listed on NASDAQ under Ticker “REE”
Continued to Penetrate the EV Industry through Multiple Strategic Alliances with Global Industry Leaders, based on Modular Platforms ‘Powered by REE’
Working Toward Mass Commercial Production in 2023
Company to Host Conference Call on August 17 at 8.30 am ET

TEL-AVIV, Israel, Aug. 17, 2021 (GLOBE NEWSWIRE) — REE Automotive (NASDAQ: REE), a leader in e-Mobility, today announced its financial results for the second quarter of 2021. REE is focused on executing milestone deliverables on its signed strategic collaborations spanning market segments including trucks, walk-in vans, Mobility-as-a-Service and autonomous vehicles. The Company closed its merger with 10X Capital Venture Acquisition Corp. on July 22, 2021.

Daniel Barel, REE Automotive Co-Founder and Chief Executive Officer: “Through the first half of 2021 we advanced our position as a go-to partner for bringing EVs to market across most commercial vehicle classes, establishing collaborations with market leaders and securing diverse geographic and segment industry share. With our disruptive technology and business model, we aim to bring the ‘Intel Inside’ approach to the automotive industry so that future EVs will be ‘Powered by REE’.

“We now have five new REEcorner™ designs being prepared for production in our global engineering center in the UK where our headcount is growing rapidly, allowing us to execute on our production readiness timeline. We are also opening our U.S. headquarters and first Integration Center in Texas to be closer to our North American production partners and customers. As we expand our global presence, we look to capitalize on the ever-growing global demand for zero-emission EVs. This is further reinforced by public sector mandates such as the U.S. federal government’s, which announced a target for EVs to make up 50% of all vehicle sales in the country by 2030.”

First Half 2021 Commercial Progress:

REE secured four major collaborations that expanded its industry footprint across segments:

Hino Motors, a subsidiary of Toyota Motor Corporation and a global leader in heavy & medium duty trucks: Advanced and solidified a pre-existing 2019 cooperation agreement with Hino Motors to a business alliance for the development and marketing of the modular FlatFormer EV platform ‘Powered by REE’. The jointly developed modular EV will be designed to address a large variety of applications and use cases such as cargo, logistics, people movers and utility via an interchangeable service module (top hat).
Magna International, the world’s largest vehicle contract manufacturer: Secured strategic collaboration agreement with Magna International to jointly develop and market a fully modular EV that is ’Powered by REE’. Together the companies will explore future vehicle development opportunities across a variety of use cases, including Mobility-as-a-Service in the light commercial vehicle market.
J.B Poindexter’s EAVX: Signed a strategic collaboration with EAVX, an EV-focused business unit of JB Poindexter & Co. (the parent company of Morgan Olson, the leading producer of walk-in van bodies in North America), to develop commercial electric vehicles ‘Powered by REE’ for the North American market. The first joint program prototype will target the fast-growing U.S. walk-in van market via a joint sales team.
Navya, which is currently active with autonomous vehicles in 23 countries: Expanded footprint in the autonomous vehicle segment with a strategic collaboration agreement with Navya Group to jointly develop a L4 autonomous system ‘Powered by REE’ and driven by Navya.

Technology and Supply Chain Advancements:

Developed and introduced five next generation REEcorner™ architecture designs to support vehicle classes 1 to 6.
Received 5 patent grants and filed 26 new patent applications in the first half of 2021.
Established and staffed REE’s Engineering Center of Excellence in the UK to industrialize REE’s products and manufacturing with state-of-the-art testing and engineering equipment.
Selected Austin, Texas as the site of REE’s U.S. headquarters and its first CapEx-light Integration Center. The U.S. Integration Center is expected to have annual capacity of 40,000 modular EV platforms to support 2023 mass production targets.
Signed joint development of a new lightweight and efficient electric propulsion system with American Axle & Manufacturing.
Grew headcount1 to 184 employees from 84 employees at year-end 2020, primarily in R&D.

Financial Highlights:

Gross proceeds from the merger were approximately $348 million with transaction costs of approximately $63 million. As of July 22nd, 2021, the Company had approximately $300 million in cash which is sufficient to execute on the Company’s business plan.
GAAP net loss of $31.2 million in the second quarter of 2021, compared to $12.6 million in the first quarter 2021 and $33.9 million in the second quarter of 2020, primarily related to non-cash stock-based compensation.
Non-GAAP net loss of $11.1 million in the second quarter of 2021, compared to $8.5 million in the first quarter of 2021 and $2.5 million in the second quarter of 2020.

Outlook

Based on current market conditions and the current regulatory environment, the Company expects to achieve the following:

Continue to execute on REE’s commercial programs, including the delivery of prototypes for non-public road tests.
Expand industry penetration through additional partnerships and expansion of variety of EV types ‘Powered by REE’.
Extend supply chain capacity by executing additional collaborations with leading suppliers.
Break ground on US headquarters and integration center.
Reiterating 35% increase in headcount to achieve target of approximately 250 FTEs by year end compared to June 30, 2021.
Total annual capital and operational expenditures on a non-GAAP basis in 2021 are expected to increase by approximately 25%, or between $15 million and $16 million, as compared to a previous expectation of $64 million. The change is attributed to increased engineering spend to support growth in additional customer programs.

1 Employee headcount includes both internal direct employees and external consultants deployed to REE on an FTE basis.

Webcast and Conference Call Information

The Company will host a conference call at 8:30 a.m. Eastern Time on Tuesday, August 17, 2021, to discuss results and latest developments. Individuals wishing to participate in the webcast can access the event at the Company’s website by visiting https://investors.ree.auto/ or via https://edge.media-server.com/mmc/p/vt9v6s2i. If you wish to participate in the call, please dial 1-877-407-9039 domestically or 1-201-689-8470 internationally. When you call, please enter Confirmation Code 13722316, and provide your name and company affiliation.

The call will be recorded and a replay will be available to interested parties on REE’s Investors website at https://investors.ree.auto/. In addition, a replay service will be available up to 11:59 p.m. EST on Tuesday, August 31, 2021, by dialing +1-844-512-2921 or +1 412-317-6671 internationally and entering the ID number 13722316.

Use of Non-GAAP Financial Measures

The Company has disclosed financial measurements in this press release that present financial information considered to be non-GAAP financial measures. These measurements are not a substitute for GAAP measurements, although the Company's management uses these measurements as an aid in monitoring the Company's on-going financial performance. Non-GAAP net earnings (loss) and non-GAAP earnings (loss) per share, measure earnings and operating income (loss), respectively, excluding non-recurring or unusual items that are considered by management to be outside the Company’s standard operation and excluding certain non-cash items. Adjusted EBITDA is a non-GAAP financial measurement that is considered by management to be useful in comparing the profitability among companies within the industry by reflecting operating results of the Company excluding non-operating factors. There are limitations associated with the use of non-GAAP financial measures, including that such measures may not be comparable to similarly titled measures used by other companies due to potential differences among calculation methodologies. Thus, there can be no assurance whether (i) items excluded from the non-GAAP financial measures will occur in the future or (ii) there will be cash costs associated with items excluded from the non-GAAP financial measures. The Company compensates for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by providing the reconciliations for the non-GAAP financial measures to their most comparable GAAP financial measures. Investors should consider adjusted measures in addition to, and not as a substitute for, or superior to, financial performance measures prepared in accordance with GAAP.

Contacts:
Investor Relations	Media
Limor Gruber	Keren Shemesh
VP Investor Relations \| REE Automotive	Chief Marketing Officer \| REE Automotive
+972-50-5239233	+972-54-5814333
investors@ree.auto	media@ree.auto

REE AUTOMOTIVE LTD.
Condensed Consolidated Statements of Operations
U.S. dollars in thousands (except share and per share data)
(Unaudited)

	Three Months Ended								Six Months Ended
	June 30,		March 31,				June 30,			June 30,		June 30,
	2021		2021				2020			2021		2020
Revenues	–		6				89			6		217
Cost of sales	4		11				204			15		345
Gross loss	(4	)	(5		)		(115	)		(9	)	(128	)
Operating expenses:
Research and development expenses, net	9,545		7,149				18,191			16,694		20,153
Selling, general and administrative expenses	21,590		5,448				15,711			27,038		18,219
Total operating expenses	31,135		12,597				33,902			43,732		38,372
Operating loss	(31,139	)	(12,602		)		(34,017	)		(43,741	)	(38,500	)
Financial income, net	8		4				166			12		293
Net loss before income tax	(31,131	)	(12,598		)		(33,851	)		(43,729	)	(38,207	)
Income tax expense	45		–				–			45		–
Net loss	(31,176	)	(12,598		)		(33,851	)		(43,774	)	(38,207	)
Net comprehensive loss	(31,176	)	(12,598		)		(33,851	)		(44,774	)	(38,207	)
Basic and diluted net loss per share	(0.16	)	(0.07		)		(0.22	)		(0.22	)	(0.26	)
Weighted average number of ordinary shares and preferred shares used in computing basic and diluted net loss per share⁽¹⁾⁽²⁾	198,999,979			193,705,500		156,865,876				196,367,365		148,751,527

_______

(1) Shares and per share data are presented on a retroactive basis to reflect the stock split following completion of the Merger on July 22, 2021.

(2) Total number of Class A Ordinary Shares outstanding as of August 17, 2021 is approximately 230 million, and Class A Ordinary Shares outstanding on a fully diluted basis assuming all outstanding warrants and issued equity incentive awards are exercised, is approximately 363 million.

REE AUTOMOTIVE LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands (except share and per share data)

	June 30,			December 31,
	2021			2020
	Unaudited			Audited
ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$	30,010		$	44,707
Restricted cash	923			800
Short-term deposits	–			1,667
Inventory	267			271
Trade receivables	11			55
Other accounts receivable and prepaid expenses	1,698			428
Total current assets	32,909			47,928

NON-CURRENT ASSETS:
Deferred transaction costs	3,961			328
Property and equipment, net	1,400			755
Total non-current assets	5,361			1,083

TOTAL ASSETS	$	38,270		$	49,011

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Trade payables	$	2,167		$	970
Other accounts payable and accrued expenses	6,728			2,260
Deferred revenues	578			–
Total current liabilities	9,473			3,230
TOTAL LIABILITIES	9,473			3,230

SHAREHOLDERS' EQUITY:
Ordinary and Preferred shares⁽¹⁾	–			–
Additional paid-in capital	181,749			154,959
Accumulated deficit	(152,952		)	(109,178		)
Total shareholders' equity	28,797			45,781
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	38,270		$	49,011

_______

(1) Shares and per share data are presented on a retroactive basis to reflect the stock split following completion of the Merger on July 22, 2021.

REE AUTOMOTIVE LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
U.S. dollars in thousands
(Unaudited)

	Six Months Ended June 30,
	2021			2020
Cash flows from operating activities:

Net cash used in operating activities	(17,399		)	(4,026		)

Cash flows from investing activities:

Proceeds from deposits	1,667			–
Purchase of property and equipment	(900		)	(308		)
Net cash provided by (used in) investing activities	767			(308		)

Cash flows from financing activities:

Proceeds from exercise of warrants to preferred shares	2,657			–
Payments of deferred offering costs	(599		)	–
Proceeds from issuance of Preferred shares, net	–			25,825
Net cash provided by financing activities	2,058			25,825

Increase (decrease) in cash, cash equivalents and restricted cash	(14,574		)	21,491
Cash, cash equivalents and restricted cash at beginning of year	45,507			27,712
Cash, cash equivalents and restricted cash at end of period	$	30,933		$	49,203

Reconciliation of GAAP Financial Metrics to Non-GAAP
U.S. dollars in thousands (except share and per share data)
(Unaudited)

Reconciliation of Net Loss to Adjusted EBITDA

	Three Months Ended						Six Months Ended
	Jun 30,		Mar 31,		Jun 30,		Jun 30,		Jun 30,
	2021		2021		2020		2021		2020
Net Loss on a GAAP Basis	(31,176	)	(12,598	)	(33,851	)	(43,774	)	(38,207	)
Interest income	(23	)	(30	)	(161	)	(53	)	(308	)
Income taxes	45		–		–		45		–
Depreciation and amortization	95		74		37		169		65
Share-based compensation	20,027		4,106		31,332		24,133		33,652
Adjusted EBITDA⁽¹⁾	(11,032	)	(8,448	)	(2,643	)	(19,480	)	(4,798	)

________

(1) Adjusted EBITDA excludes non-GAAP adjustments for share-based compensation.

Reconciliation of GAAP research and development expenses to Non-GAAP research and development expenses; GAAP selling, general, and administrative expenses to Non-GAAP selling, general, and administrative expenses; GAAP net loss to Non-GAAP net loss, and GAAP net loss per Share, basic and diluted to Non-GAAP net loss per Share, basic and diluted

	Three Months Ended						Six Months Ended
	Jun 30,		Mar 31,		Jun 30,		Jun 30,		Jun 30,
	2021		2021		2020		2021		2020
GAAP research and development expenses	9,545		7,149		18,191		16,694		20,153
Share-based compensation	(1,537	)	(1,645	)	(16,864	)	(3,182	)	(17,742	)
Non-GAAP research and development expenses	8,008		5,504		1,327		13,512		2,411

GAAP selling, general, and administrative expenses	21,590		5,448		15,711		27,038		18,219
Share-based compensation⁽¹⁾	(18,490	)	(2,461	)	(14,468	)	(20,951	)	(15,910	)
Non-GAAP selling, general, and administrative expenses	3,100		2,987		1,243		6,087		2,309

GAAP net loss	(31,176	)	(12,598	)	(33,851	)	(43,774	)	(38,207	)
Share-based compensation	(20,027	)	(4,106	)	(31,332	)	(24,133	)	(33,652	)
Non-GAAP net loss	(11,149	)	(8,492	)	(2,519	)	(19,641	)	(4,555	)

Non-GAAP basic and diluted net loss per share	(0.06	)	(0.04	)	(0.02	)	(0.10	)	(0.03	)

____________

1) In June 2021 the Company issued ordinary shares to a Strategic Partner. As a result, the Company recorded share-based compensation expenses in the amount of $15.9 million in selling, general and administrative expenses.

About REE Automotive
REE Automotive (NASDAQ: REE) is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Israel, with subsidiaries in the USA, the UK and Germany. REE has a unique CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with their unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility. For more information visit https://www.ree.auto.

Caution About Forward-Looking Statements
This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plan,” “projects,” “believes,” “views,” “estimates”, “future”, “allow”, “aims”, “strives” “endeavors” and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with REE’s commercial production in 2023 and thereafter; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

BRISBANE, Australia, Aug. 16, 2021 (GLOBE NEWSWIRE) — Further to its announcement on Friday, 13 August 2021, Galaxy Resources Limited (ASX: GXY) (Galaxy) is pleased to announce that it has today lodged with the Australian Securities and Investments Commission (ASIC) a copy of the orders of the Supreme Court of Western Australia (Orders) approving its merger with Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre), pursuant to which Orocobre will acquire all of the shares in Galaxy (Galaxy Shares) by way of a scheme of arrangement (Scheme). As a result, the Scheme is now legally effective.

A copy of the Orders lodged with ASIC is included as Annexure A to this announcement.

Suspension of Trading

It is expected that Galaxy Shares will be suspended from trading on ASX at close of trading today, Monday, 16 August 2021.

Scheme Consideration

Galaxy shareholders who hold Galaxy Shares at the Scheme record date (being 5.00 pm (AWST) on Wednesday, 18 August 2021) (Scheme Record Date) will receive 0.569 new fully paid ordinary shares in Orocobre for each Galaxy Share held at the Scheme Record Date (Scheme Consideration), in accordance with the terms of the Scheme.

It is expected that the Scheme will be implemented, and the Scheme Consideration will be issued to Galaxy Shareholders, on Wednesday, 25 August 2021.

Scheme Timetable

The key dates remaining for the Scheme are set out below.

New Orocobre Shares commence trading on ASX on a deferred settlement basis	Tuesday, 17 August 2021
Scheme Record Date	Wednesday, 18 August 2021 at 5.00 pm
Implementation Date	Wednesday, 25 August 2021
New Orocobre Shares commence trading on ASX on a normal settlement basis	Thursday, 26 August 2021

Note: All times and dates in the above timetable are references to the time and date in Perth, Western Australia (AWST). All dates are indicative only. Galaxy reserves the right to vary the times and dates set out above. Any changes to the above timetable will be announced on ASX and notified on Galaxy's website at www.gxy.com.

This release was authorised by Mr Simon Hay, Chief Executive Officer of Galaxy Resources Limited and Mr Rick Anthon, Joint Company Secretary of Orocobre Limited.

For more information

Orocobre Limited ABN 31 112 589 910 Level 35, 71 Eagle St, Brisbane, QLD 4000 www.orocobre.com LinkedIn: https://www.linkedin.com/company/orocobre-limited Twitter: https://twitter.com/OrocobreLimited Facebook: https://www.facebook.com/OrocobreLimited/	Investor Relations Andrew Barber Orocobre Limited M: +61 418 783 701 E: abarber@orocobre.com	Media Enquiries Justin Kirkwood Kirkwoods M: +61 411 251 324 E: justin@kirkwoods.com.au

Galaxy Resources Limited ABN 11 071 976 442 Level 4 / 21 Kintail Rd, Applecross WA 6153 www.gxy.com LinkedIn: https://au.linkedin.com/company/galaxy-resources Twitter: https://twitter.com/galaxylithium	Investor Relations Phoebe Lee Galaxy Resources Limited T: +61 (8) 9215 1700 E: info@gxy.com

Annexure A – Copy of Court Orders is available at http://ml.globenewswire.com/Resource/Download/d0a50aeb-b159-41f0-b5fd-3cc94d6d6e9a

IMPORTANT NOTICES

This announcement is a joint announcement by Galaxy Resources Limited ACN 071 976 442 (Galaxy) and Orocobre Limited ACN 112 589 910 (Orocobre).

This announcement has been prepared in relation to the proposed merger between Galaxy and Orocobre by way of scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Scheme). Under the Scheme, Orocobre will acquire 100% of the fully paid ordinary shares in Galaxy in exchange for the issue of new fully paid ordinary shares in Orocobre. The Scheme is subject to the terms and conditions described in the merger implementation deed entered into between Galaxy and Orocobre as announced on 19 April 2021 (Merger Implementation Deed). A copy of the Merger Implementation Deed is available on the ASX website (at www.asx.com.au).

Galaxy and Orocobre have jointly prepared this announcement based on information available to them as at the date of this announcement. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Galaxy or Orocobre, their respective directors, employees, agents or advisers, or any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.

Forward Looking Statements

This announcement may contain forward looking statements concerning Galaxy, Orocobre and the merged group which are made as at the date of this announcement (unless otherwise indicated). Forward looking statements are not statements of historical fact and actual events and results may differ materially from those contemplated by the forward looking statements as a result of a variety of risks, uncertainties and other factors, many of which are outside the control of Galaxy, Orocobre and the merged group. Such factors may include, among other things, risks relating to funding requirements, lithium and other commodity prices, exploration, development and operating risks (including unexpected capital or operating cost increases), production risks, competition and market risks, regulatory restrictions (including environmental regulations and associated liability, changes in regulatory restrictions or regulatory policy and potential title disputes) and risks associated with general economic conditions. Any forward-looking statements, as well as any other opinions and estimates, provided in this announcement are based on assumptions and contingencies which are subject to change without notice and may prove ultimately to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current market conditions.

Except as required by law or the ASX listing rules, Galaxy and Orocobre assume no obligation to provide any additional or updated information or to update any forward looking statements, whether as a result of new information, future events or results, or otherwise. Nothing in this announcement will, under any circumstances (including by reason of this announcement remaining available and not being superseded or replaced by any other presentation or publication with respect to Galaxy, Orocobre or the merged group, or the subject matter of this announcement), create an implication that there has been no change in the affairs of Galaxy or Orocobre since the date of this announcement.

Not for release or distribution in the United States

This announcement has been prepared for publication in Australia and may not be released to U.S. wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction, and neither this announcement or anything attached to this announcement shall form the basis of any contract or commitment. Any securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except in transactions registered under the U.S. Securities Act of 1933 or exempt from, or not subject to, the registration of the U.S. Securities Act of 1933 and applicable U.S. state securities laws.

TSX matters

Orocobre is an “Eligible Interlisted Issuer” for purposes of the TSX and intends to rely on the exemptions set forth in Section 602.1 of the TSX Company Manual in respect of the Scheme. The issuance of shares by Orocobre pursuant to the Scheme is subject to acceptance by the TSX.

LONDON and VANCOUVER, British Columbia, Aug. 16, 2021 (GLOBE NEWSWIRE) — Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that further to the Company’s announcement of 5 August 2021, it has now received TSX-V conditional approval for the issuance of 23,007,495 common shares of no par value (“New Shares”) at an issue price of £0.24 (approx. C$0.42) per New Share, raising £5.52 million (£5.29m net of fees) from new and existing investors (the “Placing”).

Subscriptions from related parties, being Resource Early Stage Opportunities Company (“RESOC”) for 1,666,666 New Shares and Derek Linfield for 2,916,666 New Shares, remain conditional on approval from shareholders other than RESOC (in respect of its subscription) and Mr Linfield (in respect of his subscription), which approval will be sought at the Company’s Annual General and Special Meeting of Shareholders (the "Meeting") to be held on 6 October 2021. An investor who had previously indicated that it wished to delay its subscription for 350,000 New Shares until after the Meeting informed the Company earlier this week that it no longer wished to delay such subscription.

Accordingly, 18,424,163 New Shares have now been issued pursuant to the Placing with the remaining 4,583,332 New Shares to be issued conditional upon shareholder approvals at the Meeting.

In addition to the New Shares, the Company has issued an aggregate of 344,815 non-transferable warrants to the brokers who advised in connection with the Placing. Each warrant is exercisable for a period of 12 months with an exercise price of £0.24 per warrant. The warrants (and the underlying shares) are subject to a statutory hold period in Canada expiring on the date that is four months and one day from the issuance of the warrants.

Admission to trading on AIM and Total Voting Rights

Application has been made for the 18,424,163 New Shares, which will rank pari passu with the existing common shares of no par value each (“Common Shares”) of the Company, to be admitted to trading on AIM ("Admission"). It is expected that Admission of 18,074,163 of the New Shares will become effective and dealings will commence at 8:00 a.m. on or around 17 August 2021, and Admission of the remaining 350,000 New Shares will become effective and dealings will commence at 8:00 a.m. on or around 18 August 2021.

Following the issue of these New Shares, the total issued share capital of the Company will consist of 153,949,884 Common Shares. The Company does not hold any Common Shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 153,949,884 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The New Shares will also be listed for trading on the TSX-V and will be subject to a statutory hold period in Canada expiring on the date that is four months and one day from issuance of the New Shares.

About Mkango

Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.

Mkango is developing Songwe Hill in Malawi with a Feasibility Study targeted for completion in Q1 2022. Malawi is known as “The Warm Heart of Africa”, a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway.

In parallel, Mkango recently announced that Mkango and Grupa Azoty PULAWY, Poland’s leading chemical company and the second largest manufacturer of nitrogen and compound fertilizers in the European Union, have agreed to work together towards development of a rare earth Separation Plant at Pulawy in Poland. The Separation Plant will process the purified mixed rare earth carbonate produced at Songwe.

Through its ownership of Maginito (www.maginito.com), Mkango is also developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and separation technologies. Maginito holds a 25% interest in UK rare earth (NdFeB) magnet recycler, HyProMag (www.hypromag.com) with an option to increase its interest to 49%.

Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile discovery, for which assay results are pending, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.

For more information, please visit www.mkango.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango, its business, the Plant and Songwe. Generally, forward looking statements can be identified by the use of words such as “plans”, “expects” or “is expected to”, “scheduled”, “estimates”, “intends”, “anticipates”, “believes”, or variations of such words and phrases, or statements that certain actions, events or results “can”, “may”, “could”, “would”, “should”, “might” or “will”, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, Shareholder approval of the Transaction and the investments by related parties, TSX-V approval of the Transaction and the Placing, settlement risk with respect to the Placing, governmental action relating to COVID-19, COVID-19 and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, factors relating the development of the Separation Plant, including the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the Separation Plant, changes in economics and government regulation, the positive results of a feasibility study on Songwe Hill and delays in obtaining financing or governmental approvals for, and the impact of environmental and other regulations relating to, Songwe Hill and the Separation Plant. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

For further information on Mkango, please contact:

Mkango Resources Limited
William Dawes	Alexander Lemon
Chief Executive Officer	President
will@mkango.ca	alex@mkango.ca
Canada: +1 403 444 5979

www.mkango.ca
@MkangoResources

Blytheweigh
Financial Public Relations
Tim Blythe
UK: +44 20 7138 3204

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Caroline Rowe
UK: +44 20 3470 0470

Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5

Shard Capital Partners LLP
Placing Agent
Damon Heath
UK: +44 20 7186 9952

Bacchus Capital Advisers
Strategic and Financial Adviser
Richard Allan	Andrew Krelle
UK: +44 20 3848 1642	UK: +44 79 5636 2903

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

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

VANCOUVER, BC, Aug. 13, 2021 /PRNewswire/ – Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is pleased to announce that all matters set forth in the management proxy and information circular dated July 15, 2021, (the "Circular") were approved by the shareholders of Rock Tech at the Company's Annual General Meeting (the "Meeting") in Vancouver on August 13, 2021.

Rock Tech Lithium Inc. (CNW Group/Rock Tech Lithium Inc.)

All directors, as set forth in the Circular, were elected with each director receiving at least 99.75% of the votes cast for the election of directors. Mr. Dirk Harbecke, Mr. Stefan Krause, Dr. Peter Kausch, Mr. Klaus Schmitz, Mr. Simon Bodensteiner and Dr. Wolfgang Voigt were re-elected to the board. Dale Matheson Carr-Hilton Labonte LLP was re-appointed as the auditor, receiving 99.99% of the votes cast for the appointment of auditors. The Company's stock option plan was approved, receiving 99.82% of the votes cast for the approval of the stock option plan. Similarly, all acts and deeds and other business were approved, receiving 99.99% and 99.81% of the votes cast for the respective motions.

On behalf of the Board of Directors,

"Dirk Harbecke"
Dirk Harbecke
Chairman and Chief Executive Officer

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward–looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-shareholders-approve-all-motions-at-annual-general-meeting-301355324.html

SOURCE Rock Tech Lithium Inc.

BRISBANE, Australia, Aug. 13, 2021 (GLOBE NEWSWIRE) — Galaxy Resources Limited (ASX: GXY) (Galaxy) and Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre) are pleased to announce that the Supreme Court of Western Australia (Court) has today made orders approving the proposed merger pursuant to which Orocobre will acquire all of the shares in Galaxy (Galaxy Shares) by way of a scheme of arrangement (Scheme).

Lodgement of Court Orders and Suspension of Trading

Galaxy expects to lodge an office copy of the Court's orders with the Australian Securities and Investments Commission on Monday, 16 August 2021, at which time the Scheme will become legally effective. If this occurs, Galaxy expects that Galaxy Shares will be suspended from trading on ASX at close of trading on Monday, 16 August 2021.

Scheme Timetable

The key dates expected for the Scheme are set out below.

Effective Date	Monday, 16 August 2021
New Orocobre Shares commence trading on ASX on a deferred settlement basis	Tuesday, 17 August 2021
Scheme Record Date	Wednesday, 18 August 2021 at 5.00 pm
Implementation Date	Wednesday, 25 August 2021
New Orocobre Shares commence trading on ASX on a normal settlement basis	Thursday, 26 August 2021

Galaxy will continue to update shareholders as to any material developments in relation to the Scheme as the timetable progresses.

This release was authorised by Mr Simon Hay, Chief Executive Officer of Galaxy Resources Limited and Mr Rick Anthon, Joint Company Secretary of Orocobre Limited.

For more information

Orocobre Limited ABN 31 112 589 910 Level 35, 71 Eagle St, Brisbane, QLD 4000 www.orocobre.com LinkedIn: https://www.linkedin.com/company/orocobre-limited Twitter: https://twitter.com/OrocobreLimited Facebook: https://www.facebook.com/OrocobreLimited/	Investor Relations Andrew Barber Orocobre Limited M: +61 418 783 701 E: abarber@orocobre.com	Media Enquiries Justin Kirkwood Kirkwoods M: +61 411 251 324 E: justin@kirkwoods.com.au

Galaxy Resources Limited ABN 11 071 976 442 Level 4 / 21 Kintail Rd, Applecross WA 6153 www.gxy.com LinkedIn: https://au.linkedin.com/company/galaxy-resources Twitter: https://twitter.com/galaxylithium	Investor Relations Phoebe Lee Galaxy Resources Limited T: +61 (8) 9215 1700 E: info@gxy.com

IMPORTANT NOTICES

This announcement is a joint announcement by Galaxy Resources Limited ACN 071 976 442 (Galaxy) and Orocobre Limited ACN 112 589 910 (Orocobre).

Forward Looking Statements

Not for release or distribution in the United States

TSX matters

Figure 1

Midland-BHP Alliance Nunavik

Figure 2

A1 Prospect

Figure 3

L2 prospect

Figure 4

Bonne Une Prospect

MONTREAL, Aug. 12, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to provide an update on a major exploration program underway for nickel in Nunavik. The 2021 program is carried out under the strategic alliance (the “Alliance”) concluded in August 2020 between Midland’s wholly owned subsidiary, Midland Base Metals Inc. (“MBM”), and Rio Algom Limited, wholly owned subsidiary of BHP Group PLC (“BHP”).

Highlights:

High-quality ground electromagnetic (“Squid”) survey conducted on the Papavoine Ni-Cu-Co prospect.
3D modelling of the Papavoine prospect underway, integrating new ground geophysics and historical drilling data to identify new drilling targets.
Airborne electromagnetic (“VTEM”) surveys totalling nearly 5,000 line kilometres completed in areas deemed favourable for Ni-Cu-Co mineralization.
Prospecting and mapping campaign scheduled in September, targeting high-priority electromagnetic anomalies identified in the airborne survey as well as Ni-Cu-Co showings identified in 2020.

The Alliance with BHP for nickel exploration is mainly focused on mafic intrusive rocks with troctolite/olivine gabbro compositions similar to those in Voisey’s Bay and the Nain Province, but that have historically received far less exploration, despite the discovery of several Ni-Cu-Co prospects and occurrences. The Papavoine Ni-Cu-Co prospect, discovered in 2000 and currently held by Midland, graded up to 0.63% Ni, 0.31% Cu and 0.04% Co over 6.6 metres in channel samples (collected by Midland in 2018, unpublished results). Approximately 20 kilometres southeast of Papavoine, the Mantas intrusion yielded grades up to 0.48% Ni, 0.21% Cu and 0.06% Co over 0.7 metre (channel samples collected by Midland in 2018, unpublished results). In 2020, work by Midland and BHP also confirmed two additional areas with strong potential. The Bonne Une troctolite intrusion graded up to 0.23% Ni and 0.23% Cu in grab samples (press release dated April 15, 2021). In the A1 area, eight (8) mineralized boulders, locally derived but the source of which has yet to be determined, graded more than 0.1% Ni, with a highest grade of 0.14% Ni and 0.16% Cu in grab samples. Note that grades obtained in grab samples are not representative of mineralized zones.

Ground electromagnetic (Squid) survey on the Papavoine Ni-Cu prospect and 3D modelling

A high-quality Squid-type ground electromagnetic survey was recently completed to cover part of the olivine gabbro/troctolite intrusion that hosts the Papavoine Ni-Cu-Co prospect. Although its exact dimensions have not yet been determined, the intrusion is more than 500 metres thick and covers a surface area of at least 2 kilometres by 1.5 kilometres. Seven (7) historical drill holes completed in 2001 in a section of the Papavoine intrusion identified, at its base, a laterally continuous zone of rocks characterized by chaotic textures and anomalous Ni-Cu-Co sulphide contents over several tens of metres in thickness. Given the shallow dip of the Papavoine intrusion, the base of the intrusion remains at relatively shallow depths over an extensive surface area, which provides a clear advantage for exploration.

These new high-quality geophysical data from the Papavoine area are currently being integrated into a 3D model along with geological and geochemical data from the 7 historical drill holes completed in 2001 in a section of the intrusion, in an effort to identify new high-potential drilling targets at the base of this intrusion. This work is considered additional accelerated work (“Accelerated Work”) designed to assess the possibility of transferring existing Midland projects to the Alliance designated project category (“Designated Project”).

Airborne electromagnetic (VTEM) surveys and prospecting + mapping campaign

Several high-quality VTEM-type airborne electromagnetic surveys were completed in recent months to cover areas deemed favourable for nickel exploration. These VTEM surveys total nearly 5,000 line kilometres. Several new high-priority electromagnetic anomalies were identified and will be followed up by prospecting and field mapping starting mid September. The prospecting campaign will also target Ni-Cu-Co showings identified during the 2020 prospecting campaign.

A budget of $1.3 million was allotted for the prospecting campaign and VTEM surveys. An additional budget of $600,000 was also approved for the ground electromagnetic survey and 3D modelling of the Papavoine intrusion.

Cautionary statements:

The true thickness of intervals reported in channel samples cannot be determined with the information currently available.

Mineralization occurring in the Voisey’s Bay area in Labrador is not necessarily indicative of mineralization that may be found on the Company project described in this press release.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. All samples are analyzed for multi-elements, using the four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia. Samples with copper, zinc, molybdenum or nickel values above 1% are reanalyzed using the four-acid ICP-AES method optimized for high grades.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP, Wallbridge Mining Company Ltd., Probe Metals Inc., Agnico Eagle Mines Limited, SOQUEM INC., Osisko Development Corp., Nunavik Mineral Exploration Fund and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up Midland portfolio and generate shareholder value.

This press release was reviewed and approved by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101, who also approved the technical content of this press release.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com

Website: www.midlandexploration.com

Forward-looking Information

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements include the funding under the Generative Phase, the advancement of a project to the Testing Phase, the expenditure amount under the Testing Phase, the payment of success fees to Midland, the advancement of a project to the Joint Venture Phase and other estimates and statements that describe Midland’s future plans, objectives or goals, including words to the effect that Midland or management expects a stated condition or result to occur. All statements, other than statements of historical facts, are forward-looking statements. 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. Factors that could cause actual results to differ materially from these forward-looking statements include, without limitation, certain rights of BHP to cease funding under the Alliance, the results of exploration in the AOI, the ability of Midland to contribute funding to maintain its interests in Designated Projects, the ability of Midland to fund its contributions under a joint venture, if formed, or have any participating interest diluted, changes in general economic conditions and conditions in the financial markets, changes in demand and prices for minerals, failure to obtain the requisite permits and approvals from government bodies and third parties, regulatory and governmental policy changes (laws and policies) and those risks set out in Midland’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although Midland 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 times frames or at all. Except where required by applicable law, Midland disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/16b5dbec-c45f-4b8d-a410-18e5a16bf920

https://www.globenewswire.com/NewsRoom/AttachmentNg/b9a10836-01d7-4cd5-81e1-e8ad548456ef

https://www.globenewswire.com/NewsRoom/AttachmentNg/f28d826c-8be5-44fe-b9c7-26bc31e2c2f8

https://www.globenewswire.com/NewsRoom/AttachmentNg/6c85c559-894c-4c47-93a7-b116eaed3173

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

QUÉBEC CITY, Aug. 12, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) is pleased to announce that it has arranged a non-brokered hard dollar private placement with strategic investors at $0.25 per unit to raise total gross proceeds of up to $3,250,000 (see terms below).

Net proceeds from this private placement will be used for an upcoming drill program at the Company’s 100%-owned district-scale Courcy and Mercator properties in Quebec’s newest gold district (Caniapiscau) east of James Bay and Newmont’s Eleonore mine.

At Courcy, drilling will target gold mineralization now interpreted to be associated with a major thrust fault. The last of eight shallow drill holes completed at this under-explored property by SOQEUM in 2006 returned a 42-meter core interval of 4.2 g/t Au, starting just 12 meters downhole, including 13.5 meters grading 12.2 g/t Au. Visible gold was noted in a 1.5-meter section (42 m – 43.5 m) that returned 105 g/t Au.

At Mercator, 100 kilometers northwest of Courcy, a recently completed high resolution geophysics survey combined with ongoing surface sampling has revealed a potential large-scale gold system with mineralization discovered in metasediments and amphibolites at surface along a 1.9-km trend of faulted and folded iron formations, open for significant expansion to the northeast and southwest (refer to August 3, 2021, NR). Mercator has never been previously drilled or systematically explored.

Private Placement Terms

This above-market private placement (“Offering”) consists of the sale of up to 13 million units (“Units”) of Stelmine to strategic investors at a price of $0.25 per Unit. Each Unit comprises one common share of Stelmine and one half of a share purchase warrant. Each full warrant will entitle the holder to acquire one common share of the Company at $0.35 for a period of 36 months from issuance.

In the event that the closing price of the Company’s shares on the TSX Venture Exchange is $0.50 or greater during any 10 consecutive trading day period at any time subsequent to four months and one day after the closing date, all warrants under this offering will expire at 4:00 pm ET on the 30^th day after the date on which the Company provides notice of such accelerated expiry to the holders of the warrants.

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

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

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

Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Michel Boily, P.Geo., Ph.D. Mr. Boily is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

Project & Regional Map

Click here

About Stelmine Canada

FORWARD LOOKING INFORMATION

CAUTIONARY STATEMENT

For further information, contact:

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

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

VANCOUVER, BC, Aug. 11, 2021 /CNW/ – Trading resumes in:

Company: Sego Resources Inc.

TSX-Venture Symbol: SGZ

All Issues: Yes

Resumption (ET): 12:15 PM

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

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

View original content: http://www.newswire.ca/en/releases/archive/August2021/11/c2876.html

Halifax, Nova Scotia–(Newsfile Corp. – August 11, 2021) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has recently joined the National Mining Association ("NMA") as the Company prepares to construct the Alaska Strategic Metals Complex ("Alaska SMC") rare earth element ("REE") processing facility by the end of 2023 and seeks to accelerate the long-term development of the Bokan-Dotson Ridge Rare Earth Element Project ("Bokan" or "Bokan Project").

Since 1995, the NMA has been the clear, strong voice in Washington, D.C., for U.S. mining, representing its more than 250 corporate and organization members before Congress, the administration, federal agencies, the judiciary and the media. The NMA works to engage in and influence the public process on the most significant and timely issues that impact mining's ability to safely and sustainably locate, permit, mine, transport and utilize the nation's vast resources. Ucore's membership in the NMA timely coincides with the Biden Administration's continued efforts to strengthen the domestic supply chain by positioning America to drive the electric vehicle future forward, outcompete China, and tackle the climate crisis.

Rich Nolan, President and CEO of the National Mining Association stated: "For far too long the U.S. sat on the sidelines while China strategically built out production and processing capabilities that have resulted in almost total dominance of the rare earth supply chain. Ucore's vision and plan show that need not be the case. With near-term plans for processing and production in Alaska in parallel to the long-term development of the Bokan Project, Ucore is a prime example of a company that can help ensure that 'made in America' also includes 'processed in America,' where we know projects will utilize our vast resources under world-leading environmental and labor standards. We are proud to have such an innovative and visionary company join our membership."

On August 5, 2021, President Biden signed an Executive Order on Strengthening American Leadership in Clean Cars and Trucks. This executive order sets a goal that 50 percent of all new passenger cars and light trucks sold in 2030 be zero-emission vehicles, including battery electric, plug-in hybrid electric, or fuel cell electric vehicles. It also directs federal agencies to find ways to accelerate innovation and manufacturing in the automotive sector, to strengthen the domestic supply chain and kicks off the long-term fuel efficiency and emissions standards to save consumers money, cut pollution and grow North American jobs, pay and benefits.

"Ucore's membership in the National Mining Association, its growing relationships with North American original equipment manufacturers and US-allied resource suppliers affords us a unique opportunity to solidify our efforts to strengthen the REE supply chain in the United States," stated Ucore Vice-President & COO, Mike Schrider, P.E. "Critical mineral processing is the first step to establishing an independent rare earth supply chain in North America, and the Alaska SMC rare earth oxide production facility will be an integral component of the United States' domestic vehicle supply chain for the critical metals required to shift the landscape with electrical vehicles."

# # #

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with potential for production, growth, and scalability. Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare-Earth Element Project in Southeast Alaska, USA. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this vision includes disrupting the People's Republic of China's ("PRC") dominance of the US REE supply chain through the development of a heavy rare-earth processing facility – the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore's heavy rare-earth element mineral resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX^® Best Market under the ticker symbol "UURAF".

For further information, please visit www.ucore.com.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements" regarding, among other things, the Company's ALASKA2023 Business Plan as well as the upcoming prospective financing activities involving the Company and AIDEA. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events, or developments that the Company expects, are forward-looking statements. 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 or results and actual results or developments may differ materially from those in forward-looking statements. In regard to the disclosure in the "About Ucore Rare Metals Inc." section above, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to IMC, as suppliers for Ucore's expected future Alaska Strategic Metals Complex ("Alaska SMC"). Ucore has also assumed that sufficient external funding will be found to prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Elements project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be secured to develop the specific engineering plans for the Alaska SMC and its construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: Innovation Metals Corp. ("IMC") failing to protect its intellectual property rights in RapidSX™; RapidSX failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC and/or the continued development of RapidSX; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

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

CONTACT

Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
+1 902 482 5214
mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92795

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Mercator Project Map

Mercator Property

Figure 1 Abitibi Geology-Midland Gold Projects

Abitibi Geology-Midland Gold Projects

Figure 2 Lewis Project Location

Lewis Project Location

Figure 3 Lewis Geology and New 2020-21 Discoveries

Lewis Geology and New 2020-21 Discoveries

Figure 4 Lewis Mag TD and New 2020-21 Discoveries

Lewis Mag TD and New 2020-21 Discoveries

Figure 5 IP Ore-Vision Survey

IP Ore-Vision Survey

Figure 6 IP Chargeability Map&Targets

IP Chargeability Map&Targets

Figure 7 Golden Nest New Showing

Golden Nest New Showing

Figure 8 Golden Nest Sample A0358475

Golden Nest Sample A0358475

Figure 9 Golden Nest Sample A0361223

Golden Nest Sample A0361223

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Summary

Figure 1

Midland-BHP Alliance Nunavik

Figure 2

A1 Prospect

Figure 3

L2 prospect

Figure 4

Bonne Une Prospect

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