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Vancouver, British Columbia–(Newsfile Corp. – June 7, 2021) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces that it has engaged a team of international senior executives providing strategic advisory services in order to further develop and market its unique lithium resources in Chile. The advisory services include the evaluation and introduction of potential long term strategic partners with a focus on the European market in particular the German automotive industry.

Hendrik van Alphen, CEO of Wealth, commented: "This is part of Wealth's strategy to move from a pure asset acquirer to a developer and ultimately towards an operating lithium production company. Given Europe's own limited lithium resources and its big EV-market this is a key region for Wealth. The new strategy is a new milestone in our company history. We are therefore highly optimistic for an extremely bright future for our company and our world class asset. The current events and the approaches we are receiving are exceptionally encouraging."

About Wealth Minerals Ltd.

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

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

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

On Behalf of the Board of Directors ofWEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact: 

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86681

Figure 1

Isabella district showing areas of detailed mapping in the Isabella Oriental and Docamavida prospect areas. The mapping has identified a linear band of volcanics adjacent to the southern contact of the Isabella granite. Detailed maps for each area are shown in Figures 2 and 5.

Figure 2

Geological map of the eastern part of the Isabella Oriental property block. The presence of extensive structurally-controlled quartz veins was confirmed associated with leucogranite.

Figure 3

Photos of vuggy quartz vein rubble found adjacent to historical mine pits in the Docamavida prospect area.

Figure 3

Exposed quartz vein-breccia.

Figure 4

Geological map of the Docamavida prospect area showing distribution of quartz veins and mafic dykes and tourmaline breccia in the south part of the prospect.

Figure 4

Samples of quartz-tourmaline dyke rock (top) and quartz breccia vein from fault zone adjacent to the metasediment inlier (lower).

TORONTO, June 07, 2021 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) has mapped an area of extensive quartz veins in the newly staked Isabella Oriental concession block. Mapping has also been extended to the Docamavida area south of Isabella where a new style of gold occurrence has been discovered. Both areas are outside of the target areas undergoing drill testing by the Company.

Dr Tony Harwood, President of Montero commented: “I am pleased to confirm by mapping an extensive vein system identified in recently staked Isabella Oriental area to the east of the current drilling program. Our mapping has also discovered a new gold occurrence associated with tourmaline breccia dykes in the Docamavida area to the south. The mapping confirms that granite-hosted gold-silver mineralized quartz veins extend along the entire 12 kilometers of the southern granite sediment contact in the Isabella district.”

The Company has completed a detailed mapping program in select areas to better understand the occurrences of mineralized quartz veins and their spatial association within and adjacent to leucogranite (Figure 1). The mapping has identified a narrow (200 m) band of volcanic rocks that extends in an east-west direction adjacent to the southern contact of the Isabella granite. The volcanic unit is host to numerous gossan breccia boulders that occur south of the Isabella East property and which have been previously described by the Company.

Isabella Oriental Detailed Map Area
The mapping has identified numerous structurally controlled quartz veins that are spatially associated with a leucogranite phase of the Isabella granite. Previous sampling of the veins prior to Montero reported assays up to 0.56 g/t Au and 19 g/t Ag. Two dominant quartz vein systems are identified; a 1.25 km long north-east trending vein array, and a 1 km long north-south trending vein array. Individual quartz veins are up to 3 m in width. Mapping has also confirmed the extent of volcanic rocks within the metasediments along the southern contact of the Isabella granite pluton. Quartz veins have been identified within the volcanics and also in metasediment adjacent to the leucogranite and represent exploration targets for potential Au-Ag mineralized quartz veins.

Docamavida Map Area
The Docamavida area is located south of the Mataquito river (Figure 1) and was the site of historical mining activity. Previous exploration prior to the acquisition by Montero identified abundant quartz boulders at surface and also quartz veins within granitic rock (Figure 3). Reported assays of exposed veins range up to 2.5 g/t Au and 12 g/t Ag with high concentrations of arsenic of up to 3,000 ppm As. The Isabella veins to the north, in contrast, contain very low As concentration.

The quartz veins at Docamavida display massive to breccia textures with evidence of repeated faulting along vein margins. Individual veins are up to 2.5 m in width and up to 100 m in strike length. Veins have a lenticular morphology and form part of a more extensive extensional vein system.

Mapping confirmed the presence of historical mine pits and exposed quartz veins. The veins are controlled within north-east structures and occur within a leucogranite similar to that described in the Isabella area to the north and also within fault zones along the contact with metasediment inliers (Figure 4). Samples of quartz veins collected by Montero from a fault zone assayed up to 0.69 g/t Au and 1,144 ppm As. The mapping also discovered an area of quartz tourmaline breccia dykes in the southern part of the property for which samples collected by Montero assayed up to 1.4 g/t Au and 183 ppm Bi. Montero will continue to evaluate areas of the Isabella properties as part of a district wide resource assessment.

Summary
The detailed mapping provides for some important exploration assumptions. Based on the recent mapping the volcanic and granite rocks defined at Isabella post-date formation of the Triassic sediments. Both rock types are interpreted to have developed during the Jurassic to Cretaceous periods. Previous mapping by Munoz (1995) reported that similar volcanics near the town of Hualane to be of Upper Jurassic age and coeval with a series of small intermediate intrusive bodies that occur within volcanics. As such, an assumed early to mid-Jurassic age for the volcanic linear mapped along the southern contact at Isabella is consistent with the Munoz interpretation.

The interpretation of a roof pendant of meta-sediments and volcanics within the leucogranite in Isabella Oriental indicates the granite pluton to be younger than both rock types. Field relationships also suggest the leucogranite phase formed within an upper part of the granite pluton and could be a younger, more differentiated phase of the Isabella granite. The spatial association of Au-Ag mineralized quartz veins with intermediate-felsic intrusive and volcanics of Jurassic to later Cretaceous age have been documented in the Talca area to the south-east where the Chepica Au-Ag-Cu mine occurs and also to the north near Rancagua where Yamana operates the Minera Florida mine. These observations indicate that further exploration is warranted in the Isabella district which has similar geological features.

Qualified Person Statement
This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr. Sci. Nat., who is a qualified person for the purpose of National Instrument 43-101 and a Consulting Geologist to Montero. A review was also undertaken by Sr. Marcial Vergara B.Sc. who is resident of Chile and a Qualified Person for the purpose of National Instrument 43-101 and a technical advisor to Montero. Sr. Vergara has extensive experience in gold exploration in Chile.

About Montero
Montero is a junior exploration company focused on finding, exploring, and advancing globally significant gold deposits in Chile. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Chile. Montero’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 38,647,485 shares outstanding.

For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: ir@monteromining.com Tel: +1 416 840 9197 | Fax: +1 866 688 4671 www.monteromining.com

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the HOA, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the HOA on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7b4c33f8-1027-4b07-8325-0d8c4c901b49

https://www.globenewswire.com/NewsRoom/AttachmentNg/adb24a01-cf88-4a75-ae73-310d222174d1

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LONDON and VANCOUVER, British Columbia, June 07, 2021 (GLOBE NEWSWIRE) — Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that Mkango and Grupa Azoty Zakłady Azotowe ”Pulawy” S.A. (“Grupa Azoty PULAWY”) (together the “Parties”) have agreed to work together towards development of a rare earth separation plant (the "Plant”) in Poland.

A new Polish wholly owned subsidiary of Mkango, Mkango Polska, has been established and a highly experienced Country Director for Poland, Dr Jarosław Pączek, has been appointed, together with rare earth separation experts, Carester, and a strong team of technical advisors and engineers.

Grupa Azoty PULAWY (Warsaw Stock Exchange: ZAP) is part of The Grupa Azoty Group, the European Union’s second largest manufacturer of nitrogen and compound fertilizers, and a major chemicals producer. Its products are exported to over 20 countries around the world, including Europe, the Americas and Asia.

The Parties have signed an exclusive lease option agreement for a site adjacent to Grupa Azoty PULAWY’s large scale fertiliser and chemicals complex at Pulawy in Poland, which provides excellent infrastructure, access to reagents and utilities on site, and an attractive operating environment, resulting in a highly competitive operating cost position for the Plant, based on scoping studies to date.

Located within a Polish Special Economic Zone, the site provides excellent access to European and international markets. Production from the Plant will strengthen Europe’s security of supply for rare earths, used in electric vehicles, wind turbines and other green technology and strategic applications, and aligns with European initiatives to create more robust, diversified supply chains.

Development of the Plant is expected to bring significant benefits to the Mkango group:

• Higher value-added products with increased margins – targeting 2,000 tonnes per year of separated neodymium (Nd) / praseodymium (Pr) oxides, and 50 tonnes per year dysprosium (Dy) and terbium (Tb) oxides in a heavy rare earth enriched carbonate

• Greater integration – plant development fully underpinned by sustainably sourced, purified mixed rare earth carbonate from Mkango’s Songwe Hill operations, with other synergies being evaluated

• Increased marketing flexibility with a broader range of potential customers – future opportunities to produce and market separated heavy rare earths

• Catalyst for regional growth and the green transition – potential for further downstream developments and related businesses, including renewables, creating additional jobs in the region

Engagement with financial institutions is underway to accelerate development, and additional strategic partnerships, downstream developments and marketing opportunities are being evaluated.

Feasibility studies for the Plant are being undertaken in parallel with Mkango’s Songwe Hill rare earths project (“Songwe”) in Malawi and other opportunities, including Mkango’s interest in HyProMag Limited, which is developing production of short loop recycled rare earth magnets in the UK.

William Dawes, Chief Executive of Mkango stated: “Development of this Plant will underline Mkango’s unique positioning in the rare earths sector. Our integrated “mine, refine, recycle” strategy, encompassing sustainably sourced light (NdPr) and heavy (Dy/Tb) rare earths from Malawi and rare earth magnet (NdFeB) recycling in the UK, via our interest in HyProMag, is now enhanced by the opportunity to create a rare earths separation and downstream hub in Poland, working with one of Europe’s largest chemical and fertilizer companies.

“Rare earths are a vital component of magnets required in many technologies needed for the green energy transition. Therefore, their security of supply is becoming increasingly important to governments worldwide, especially in Europe and the US. We have carried out extensive due diligence on the site and believe the development of the Plant in Poland will enhance the sustainable supply of rare earths into Europe, as well as bringing significant benefits to the region, creating new jobs and potential, additional, downstream developments.

“We very much look forward to working with Grupa Azoty PULAWY and our partners worldwide to create value for all stakeholders and contribute to development of a more robust and sustainable rare earths supply chain.”

Andrzej Skwarek, Management Board Member of Grupa Azoty PULAWY stated: “We look forward to working together with Mkango on this exciting project, which complements the adjacent activities of Grupa Azoty PULAWY, benefiting from synergies in relation to reagents, by-products, utilities and infrastructure. As an industry leader in Poland, Grupa Azoty PULAWY welcomes this potential new development to the region and will continue to support Mkango as it progresses through the feasibility studies.”

Jarosław Pączek, Mkango’s Country Director for Poland stated: “This is a very exciting development for Poland at a time when Europe is focused on strengthening supply chains for critical materials and transitioning to a greener economy. The creation of a new European hub for rare earths at the heart of central Europe in Poland complements battery, electric vehicle and renewable energy developments in the region, with a site strategically located for European trade and transport routes and benefiting from plug and play access to reagents and utilities. I look forward to working with Mkango and Grupa Azoty PULAWY on this groundbreaking project for Poland and Europe.”

Pulawy Rare Earths Separation Plant

The Plant is expected to initially produce approximately 2,000 tonnes per year of neodymium, praseodymium and / or didymium (NdPr) oxides as well as a heavy rare earth enriched carbonate, containing approximately 50 tonnes per year dysprosium and terbium oxides. It is also expected to produce lanthanum cerium carbonate. Mkango is evaluating marketing and processing options for the heavy rare earth enriched carbonate and lanthanum cerium carbonate. The Plant will use best-in-class, conventional and proven technology, and will benefit from excellent rail and road infrastructure as well as the direct supply of the required processing reagents from Grupa Azoty PULAWY. It will also have access to a local skilled workforce, on-site engineering and project development expertise and R&D science institutes.

Based on scoping studies undertaken to date, the Plant is expected to have highly competitive operating costs.

Feasibility Studies and Technical Team

Extensive scoping studies and due diligence has been completed to date on the Plant site. Further feasibility studies will be completed by Carester, SENET (a DRA Global Group Company) and a local engineering firm, Prozap, together with support from Grupa Azoty PULAWY. The Carester team has extensive operating and advisory experience in rare earth separation at industrial scale, and will also provide ongoing technical support during construction and operation of the Plant. Mkango is also working closely with ANSTO to optimise feed specifications for the Plant.

Mkango will also be supported by its Chief Technical Advisor, Mike Vaisey, formerly Vice President, Research and Technology, for Lynas Corporation. Mr Vaisey has 25 years of international experience in the mining and chemical industries, in senior operational and technical development roles, with a track record of successful technology commercialisation.

Development of the Plant is expected to be underpinned by the sustainable supply of a purified mixed rare earth carbonate from Mkango’s Songwe Hill project in Malawi. Mkango will also evaluate the potential to process third party feeds.

The feasibility studies for the Plant will run in parallel with those for the Songwe Hill rare earths project.

The Company will seek to maximise the renewable energy content and minimise the carbon impact of the developments in both Malawi and Poland, as part of the feasibility studies.

Environmental and Social Benefits

In addition to synergies with the existing operations, the Plant is expected to bring significant benefits to Poland and the EU, including additional jobs and potential for further downstream value-added developments. It is also expected to support the development of a more robust supply chain for rare earths in Europe and other markets, catalysing the green transition globally.

Sustainability is integral to Mkango’s vision and the Company intends to implement robust sustainability policies in Poland to support the Company’s ethos of actively engaging with local communities as well as implementing and supporting community-based initiatives.

Mkango Polska

Mkango has established a Polish subsidiary, Mkango Polska, to develop the Plant and investigate other business opportunities in Poland. The Company has appointed Dr Jarosław Pączek as Country Director for Poland and to support the Company’s growth in the region. Dr Pączek has been appointed to the board of Mkango Polska.

Dr Pączek holds a PhD in law and is a corporate financier by training. Over his career in private equity, he led teams on many high-profile projects and has sourced and managed transactions in many different industries and geographies. Prior to his career in private equity, Dr. Pączek gained experience as the deputy general director of the largest Polish mobile phone operator and as a lawyer working for Hogan and Hartson, a Washington based law firm. Amongst his various affiliations he is a member of the Chartered Institute of Securities and Investment and a Fellow of the Chartered Institute of Arbitrators.

Scientific and technical information contained in this release has been approved and verified by Nicholas Dempers Pr.Eng (RSA) Reg. No 20150196, FSAIMM of SENET (a DRA Global Group Company), who is a "Qualified Person" in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects.

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 the 51% owned Songwe Hill rare earths project in Malawi with the ongoing Feasibility Study funded through a £12 million investment by strategic partner Talaxis Limited. Malawi is known as “The Warm Heart of Africa”, a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway. Following completion of the Feasibility Study, Talaxis has an option to acquire a further 26% interest in Songwe by arranging financing for project development including funding the equity component thereof.

In parallel, through its 75.5% interest in Maginito Limited (www.maginito.com), Mkango is 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 Limited (www.hypromag.com).

Maginito’s strategy is underpinned by offtake rights for sustainably sourced primary and secondary raw materials from Songwe and HyProMag, respectively, and is geared to accelerating growth in the electric vehicle sector, wind power generation and other industries driven by decarbonization of the economy.

Mkango also has an extensive exploration portfolio in Malawi, including the recently announced 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.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement may have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

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, 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 Plant, including the outcome of the feasibility study, cost overruns, complexities in building and operating the Plant, changes in economics and government regulation, the positive results of a feasibility study on Songwe and delays in obtaining financing or governmental approvals for, and the impact of environmental and other regulations relating to, Songwe and the 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:

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.

These two gases are some of the best options for zero-carbon fuel.

That could make them the hottest commodities on the planet … and the future stars of a multi-trillion-dollar energy transition.

Everyone from governments and institutions to Big Tech, energy companies, and the investing universe may get fully locked in.

The first gas is hydrogen, the simplest element on earth that makes up over 90% of all the atoms in the universe.

Investors are already taking note of this, and one report says that demand for hydrogen may rise eight-fold by 2050.

Governments across the world are taking action and spending trillions of dollars on clean energy infrastructure.

One report estimates the total investment necessary to meet the Paris Agreement targets that aim to keep global warming to below 1.5°C above pre-industrial temperatures is a staggering $131 trillion.

And now, after decades of multiple false dawns, we think the hydrogen economy is primed for a major takeoff.

Bank of America says hydrogen technology is at a tipping point and could be set to explode with a total market potential reaching $11 trillion by 2050.

Hydrogen has traditionally been regarded as a leading superfuel, but a hydrogen-powered economy is fraught with major challenges including high production costs and a high risk of fires due to hydrogen’s extreme flammability.

That’s where our second gas comes into play: Ammonia the answer to the hydrogen conundrum.

“Green ammonia” is now being viewed as the holy grail of these superfuels…

The ideal hydrogen carrier, ammonia may be used in the future to power everything from cars to vans, trucks, forklifts… even ships and jets.

All thanks to ammonia’s unique properties including being much safer to transport than hydrogen as well as being a much better hydrogen carrier than even liquefied hydrogen itself.

Over the past few years, visions of green ammonia's potential as an energy source and an energy carrier in a future carbon-free economy may have started to transition towards a viable reality.

And we think one company is positioning itself as a global leader in green ammonia production.

Michigan-based AmmPower Corp. (CSE:AMMP; OTC:AMMPF) is working on the development of a proprietary solution to produce green ammonia and hydrogen-based alternative fuel options for industrial-scale transportation platforms.

Green ammonia is produced using renewable energy, meaning, like green hydrogen, it has zero carbon footprint.

AmmPower is aiming be to the green ammonia industry what Plug Power Inc. (NASDAQ:PLUG) is to the hydrogen fuel cell industry: A pioneer developing disruptive technology and unique intellectual property (IP).

Here are four reasons we’re going to keep a close eye on AmmPower (CSE:AMMP; OTC:AMMPF) as our multi-trillion-dollar energy transition looks for its hydrogen solution:

#1 Possibly The Perfect Transition Fuel

At first glance, one might wonder why anyone would consider using anhydrous ammonia rather than hydrogen. Hydrogen, after all, contains much higher LHV (lower heating value) energy than ammonia (51,500 BTU/lb vs 7,987 BTU/lb or 119.93 kJ/g vs 18.577 kJ/g) on a weight basis.

But that’s the only advantage pure hydrogen has over ammonia.

Everywhere else where it really matters, ammonia looks like it beats hydrogen hands down.

Ammonia has several desirable characteristics that make it an effective hydrogen carrier and could make it an excellent transition fuel.

First off, on a volume basis (which is what really matters), ammonia is a much better hydrogen carrier than even liquefied hydrogen. The energy density of liquefied hydrogen is 8,491 kJ/litre compared to ammonia's 11,308 kJ/litre. Although ammonia contains 17.65% of hydrogen by weight, the fact that there are 3 hydrogen atoms attached to a single nitrogen atom allows ammonia to contain about 48% more hydrogen by volume than liquefied hydrogen. That is to say, a cubic meter of liquid hydrogen contains 71 kg of hydrogen compared with 105 kg for liquid anhydrous ammonia.

Second, ammonia can be liquefied under mild conditions, with a melting point of minus 33 degrees celsius compared to minus 253 degrees celsius for hydrogen. This makes it much easier to transport hydrogen as ammonia and transform it back. In fact, ammonia stores and handles very much like Liquefied Petroleum Gas (LPG). Its boiling point is -33.35 °C (-28.03 °F), slightly higher than propane, the main constituent of LPG, which has a boiling point of -42.07 °C (-43.73 °F). This means that ammonia can be stored in simple, inexpensive pressure vessels comparable to LPG vessels.

In contrast, the low energy density of compressed hydrogen gas makes storage and transport very expensive. Indeed, transporting compressed hydrogen gas any significant distance by truck can consume more energy in diesel fuel than what is contained in the hydrogen. Liquefied hydrogen is obviously more energy-dense than compressed hydrogen gas but a significant amount of energy must be expended to liquefy hydrogen and keep it refrigerated because its boiling point is a very low–423 ºF (–253 ºC). Liquefaction requires about 30% of the energy content of liquid hydrogen while compression to 800 bar requires about 10-15% of energy carried by the hydrogen. Hydrogen is typically transported as a compressed gas and a 40-tonne truck that can carry 26 tons of gasoline can only carry about 400 kg (0.4 tonnes) of compressed hydrogen due to the weight of the high-pressure hydrogen tanks.

To complicate matters further, hydrogen molecules are very small and difficult to contain. Hydrogen will slowly leak out from hoses and its rate of leakage is much higher than larger molecule gases like ammonia and propane. Hydrogen also causes embrittlement in metals which requires periodic replacement of metallic tubing, valves, and tanks.

Third, green ammonia is 100% non-polluting and can be readily decomposed (cracked) over a catalyst to produce the desired fuel–hydrogen (H2) along with nitrogen (N2), a non-toxic, non-greenhouse gas. Blue ammonia produced through the traditional Haber-Bosch Ammonia method from hydrocarbons such as natural gas but using CCS (Carbon Capture & Storage) is also simpler and cheaper than hydrogen delivery, and final use in an internal combustion engine or fuel cell produces no harmful greenhouse gases.

Finally, ammonia may make for an excellent transition fuel. It can potentially be burned directly in an internal combustion engine (ICE) with no carbon emissions; converted to electricity directly in an alkaline fuel cell or cracked to provide hydrogen for non-alkaline fuel cells (FC).

#2 Ample growth runways

After lagging for decades, we think there’s little doubt that the hydrogen economy is finally ready to take off.

And few sectors have been hotter than hydrogen fuel cell companies lead by Plug Power, Bloom Energy Corporation (NASDAQ:BE), and Ballard Power Systems (NASDAQ:BLDP).

We think that’s because energy experts and Wall Street believe that sector is at a tipping point.

Bank of America says hydrogen technology is poised to take off as falling production costs, technological improvements, and a global push toward sustainability converge. The firm believes this will generate $2.5 trillion in direct revenue –or $4 trillion if revenue from associated products such as fuel cell vehicles is counted–with the total market potential reaching $11 trillion by 2050.

Last year, the European Union set out its new hydrogen strategy as part of its goal to achieve carbon neutrality for all its industries by 2050 with the objective to see the regional bloc develop a minimum of 40 gigawatts of electrolyzers within its borders and a similar amount of green hydrogen capacity in neighboring countries that can export to the EU by the same date.

And now the private sector is looking to give the EU a run for its money.

Some of the world’s green hydrogen leaders have announced a coalition with an ambitious goal to drive a 50-fold scale-up in green hydrogen production over the next six years.

The Green Hydrogen Catapult Initiative is a brainchild of founding partners Saudi clean energy group ACWA Power, Australian project developer CWP Renewables, European energy giants Iberdrola and Ørsted, Chinese wind turbine manufacturer Envision, Italian gas group Snam, and Yara, a Norwegian fertilizer producer.

The companies hope to drive 25GW of green hydrogen production by 2026, a scale that could significantly drive down hydrogen costs to below $2/kg thus making the fuel source competitive with fossil fuels in power generation.

Green hydrogen is produced using renewables as an energy source in the electrolysis of water.

But make no mistake about it: The hydrogen and ammonia sectors may be inextricably joined at the hip.

According to Argus Media, global ammonia production currently stands at 180mn t/yr, but its potential use as an energy source and energy carrier could see demand for it rise to a multi-billion tonne market for use in a wide range of applications.

Indeed, according to some reports the global ammonia industry is set to reach US$70.3 billion by the year 2027.

Argus says that Green ammonia is now one of the main fuels being considered by the maritime sector to enable the shipping industry to meet new CO2 reduction targets proposed by 2030 and 2050. Ammonia is also being seriously considered as a means to store renewable energy for delayed use, and as a carrier for hydrogen transportation.

As an energy source, ammonia has 9x the energy capacity of lithium-ion batteries and is 1.8x more energy-dense than liquid hydrogen.

Yet, widespread use of ammonia in these sectors can be viable only if the CO2 emissions associated with its actual production are sharply reduced. This will require significant fresh investment in new technology and, based on current renewable energy prices, a rise in operating costs.

Green ammonia as a marine fuel

Following on from the introduction of the International Marine Organization (IMO) in 2020, which imposed a cap on marine sulfur emissions, Argus reports that the next major regulatory change for the shipping industry is for vessels to sharply reduce CO2 emissions. The IMO’s initial strategy on this effort calls for CO2 emissions to be reduced by 40pc by 2030 and 70pc by 2050, compared with 2008 levels.

While efficiency gains and the substitution of hydrocarbon fuels can go a long way towards meeting the 2030 target, there is emerging consensus in the maritime industry that in order to meet IMO requirements, traditional fossil fuels will no longer be viable for use as a bunkering fuel after the 2050 deadline. A number of energy sources are being considered as replacements, and these include hydrogen and ammonia.

Green ammonia is gaining particular ground, both for combustion as a marine fuel and in fuel cells on ships.

Unlike conventional ammonia, which is typically produced using natural gas as feedstock, green ammonia is produced by using solar/wind/hydropower to produce electricity that then feeds an electrolyzer to extract hydrogen from water, while nitrogen is separated from air using an air separation unit.

There’s a big push in the ammonia technology field to use renewable energy to produce ammonia while addressing the crucial issues of maximizing energy efficiency and reducing capital expenditure and operating costs.

Over 120 global ports already accept ammonia currently.

A number of new green ammonia projects were launched in 2020, the largest–an ambitious $5bn joint venture in northwest Saudi Arabia–will see a 1.2mn t/yr green ammonia plant being built in the new cross-border city of Neom. The project is a joint venture between US firm Air Products, Saudi-based ACWA Power and Neom, and the plant will run on 4GW of renewable solar and wind energy.

AmmPower Corp. (CSE:AMMP; OTC:AMMPF) is aiming to pioneer green ammonia in North America. The company is working on innovative ways to improve the ammonia production process by developing proprietary technologies that may potentially move away from the traditional Haber-Bosch process altogether.

#3 First Mover Advantage

As we have pointed above, AmmPower Corp. (CSE:AMMP; OTC:AMMPF) aims to be to the green ammonia industry what Plug Power Inc. (NASDAQ:PLUG) is to the hydrogen fuel cell industry: A clean energy pioneer seeking to develop disruptive technology and unique intellectual property (IP).

AmmPower is planning to build modular, scalable, stackable green ammonia producing units that are flexible enough to fit a wide array of customers from individual organizations, large marine ports, and distribution hubs.

The AmmPower team is working with its partners to develop a more efficient ammonia production process by incorporating innovative catalysts and refining processing conditions to more efficiently produce ammonia.

Further, AmmPower is in the process of securing a manufacturing facility in Michigan to develop optimal catalytic reactions that produce green ammonia.

We think AmmPower Corp. along with a handful of smaller organizations such as Iceland-based Atmonia and Colorado-based Starfire Energy, may enjoy a clear first-mover advantage as some of the first companies developing innovative ways to improve the entire ammonia production process and produce carbon-free ammonia.

AmmPower is aiming to scale up quickly, producing modular units able to produce between 1 – 2 tons of ammonia per day in Phase 1 of their plan.

#4 We Think AmmPower Has Great Potential

Hydrogen may eventually end up taking a very large role in heavy industry. Green ammonia will enable it to do that, and so much more. In our view, this could be far bigger than lithium.

We think that means AmmPower (CSE:AMMP; OTC:AMMPF) is sitting on a massive opportunity. The technology it’s developing may be used to safely store and ship hydrogen.

And over 120 ports around the world have already built or are in the process of building scalable ammonia handling facilities.

The first ammonia tankers may start coming online soon, as global economies emerge from pandemic lockdown.

The company is aiming to develop a process and intellectual property to improve the efficiency in production of Green Ammonia, and we think there couldn’t be a better time to harness the potential of this space.

Yet, the market cap of this small, ambitious company is only about $C80 million. It’s developing technology in a sector which might become one of the biggest opportunities since the industrial revolution itself.

Source: Yahoo Finance

That makes it look grossly undervalued to us in today’s energy equation. Potentially, not for long.

Other companies to watch as the hydrogen market heats up:

Royal Dutch Shell (NYSE:RDS.A) has one of the most well-known brands in the world. The company is based in Holland, where it was founded over a century ago and employs almost 100,000 people. It's also one of the biggest oil companies on the planet with operations in more than 90 countries around the world. Yet despite Shell's size and reach, it still faces plenty of challenges as it tries to meet worldwide demand for energy sources while balancing environmental concerns.

Despite being one of the largest names in Big Oil, Shell is also working hard to create and harness new forms of energy, particularly hydrogen. In fact, the company already has green hydrogen projects in Germany, Netherlands, and even China. And it’s all produced using clean energy.

On its website, Shell explains, “Shell’s ultimate goal is to produce green hydrogen, through electrolysis, using renewable power such as wind and solar. But moving quickly in the energy transition means both green and blue hydrogen can play a role in the decade ahead. Blue hydrogen is produced from natural gas and later decarbonised, using carbon capture and storage. In order to keep up with increasing hydrogen and renewable power demand, blue hydrogen can provide an interim solution to help build the hydrogen ecosystem while still lowering emissions.”

BP (NYSE:BP) also known as British Petroleum, is a multinational energy company that has been around for over 100 years. BP was formed in 1909 by the merger of two rival companies- Anglo-Persian Oil Company and Royal Dutch Shell. With operations in more than 80 countries and regions, BP is one of the world's largest oil and natural gas producers.

BP is another oil giant dipping its toes into the hydrogen realm. In fact, just this year, it announced plans to build the largest hydrogen project in the United Kingdom, producing as much as 1GW of ‘blue’ hydrogen by 2030. The project would support job creation and development in the region, as well as producing as much as 20% of the UK’s hydrogen target.

Dev Sanyal, BP’s executive vice president of gas and low carbon energy explained, “Clean hydrogen is an essential complement to electrification on the path to net-zero. Blue hydrogen, integrated with carbon capture and storage, can provide the scale and reliability needed by industrial processes. It can also play an essential role in decarbonising hard-to-electrify industries and driving down the cost of the energy transition.”

Chevron (NYSE:CVX) is a multinational oil and gas company. It was founded in 1879 in California by John D. Rockefeller and partners as the Standard Oil Company of Ohio, which became part of the Standard Oil trust when it was dissolved on January 1, 1911. One year later, Chevron Corporation (then Texaco) bought out its former partner for $10 million ($2 billion today). The new corporation then changed its name to reflect this shift from being primarily an oil refining business to one also involved in natural gas exploration and production.

Though still an oil company at the core, Chevron has emerged as one of the fossil fuel industry’s biggest proponents of hydrogen, even playing a major role as a global advisory body to the Hydrogen Council in order to provide a long term vision for the role of hydrogen in the energy transition.

Just this year, Chevron also announced a strategic alliance with major automaker Toyota Motors (NYSE:TM). The two companies have teamed up to lead the development of commercially viable long-term development of hydrogen.

Bob Carter, executive vice president, Toyota Motor North America, explained, “This is another important step toward building a hydrogen economy,” adding, “Combining Toyota’s decades of experience in developing hydrogen-powered fuel cell electric technology with Chevron’s deep resources in the energy sector has the potential to create new transportation choices for both consumers and businesses that move us toward our goal of carbon neutrality.”

Andy Walz, president of Chevron’s Americas Fuels & Lubricants also noted, “We are excited to collaborate with Toyota. Working towards a strategic alliance on hydrogen presents an opportunity to build a large-scale business in a low-carbon area that is complementary to our current offerings.”

Baker Hughes (NYSE:BKR) is the world's largest oil field services company. They provide drilling, completion, production, and reservoir management products and services to customers in more than 100 countries around the world. Founded in 1919 as Geophysical Services Inc., Baker Hughes has grown into a global corporation with operations in over 120 locations across 30 countries.

Like many of its peers, Baker Hughes has also faced mounting pressure to join the green revolution. And it’s risen to the call-to-arms. Surprisingly, however, it wasn’t investor pressure that got Baker Hughes into the hydrogen boon. In fact, it’s been in the game for well over half a century. It built its first hydrogen compressor in 1962, and hasn’t stopped since.

Because it’s still primarily an oil field service company, however, Baker Hughes has had its share of ups and downs over the past year, but the $27 billion industry giant still remains a smart buy for long-term investors. Not only has it shown that it can adapt to the times, but it also pays dividends!

Even old-school fossil fuel producers are getting in on this race. Suncor (NYSE:SU, TSX:SU) might be known mostly for its oil production. But it’s one of the few majors really pushing the boundaries. In fact, it has pioneered a number of high-tech solutions for finding, pumping, storing, and delivering its resources. When the rebound in crude prices finally materializes, giants like Suncor are sure to do well out of it. While many of the oil majors have given up on oil sands production – those who focus on technological advancements in the area have a great long-term outlook. And that upside is further amplified by the fact that it is currently looking particularly under-valued compared to its peers.

But that’s just one part of its business, however. Suncor is also a world leader in renewable energy innovations. Recently, the company invested $300 million in a wind farm located in Alberta. Additionally, as Canada moves away from oil, Suncor is well positioned to take advantage of another one of the country’s resource reserves; Lithium. The best part? It doesn’t even have to move very far. In fact, Alberta’s oil sands are a major hotspot for lithium production.

Cenovus Energy (TSX:CVE) is most known for its oil business, but it is also actively investing in renewable energy. More importantly, however, is that it has set truly ambitious sustainability goals for itself, aiming to cut emissions by a massive 30% in just 10 years.

This is one of the most actively traded stocks on the TSX. The potential is certainly here for this oil company, so for investors who are bullish on the return of the oil markets, this is a perfect pick in the Canadian market.

Westport Fuel Systems (NASDAQ:WPRT, TSX:WRPT) isn’t necessarily a resource play, but it is an important company to watch as new fuels and new forms of energy take the spotlight. Especially as the world races to leave behind traditional gasoline and diesel-powered vehicles. That’s because, while it is a manufacturing play at heart, it offers a particularly unique way to gain exposure to the alternative fuels market. As a key manufacturer of the hardware needed to build natural gas and other alternative-fueled cars, Westport is definitely a company to watch in this scene.

Westport Fuel has been making major moves in the market over the past year, and its efforts are finally coming to fruition. Since May 2020, the company has seen its stock price rise by 322%, and with more potential deals like the one it has just sealed with Amazon to provide natural gas-powered trucks to its fleet, the stock has even more room to run in the coming years.

While alternative fuels are worth watching, another mineral is set to play a critical role in the alternative transportation of tomorrow. That’s right, it’s lithium. And a leader in that realm is Lithium Americas Corp. (TSX:LAC). It is one of North America’s most important and successful pure-play lithium companies. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

It’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of but locals as well.

By. Chris Hope

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication 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 publication include that the global demand for ammonia and hydrogen as commodities will continue to increase; that the research and development in the energy sector will lead to adoption of hydrogen and ammonia as commercially viable fuel sources for the automotive, aircraft, marine, industrial or other sectors in the future; that governments will continue to implement initiatives supporting reduced carbon emissions and that ammonia and hydrogen will gain traction and commercial viability as potential carbon-free or low carbon fuel alternatives; that AMMP will be able to develop an efficient process and proprietary intellectual property for the production of green ammonia and that AMMP’s process, if developed, will be adopted commercially to allow use of green ammonia and/or hydrogen as a viable fuel sources; that investors will continue to seek opportunities for investment in green technologies and that hydrogen and ammonia will be considered as viable investment opportunities in the future; and that AMMP can carry out its business plans. 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 the global demand for ammonia and hydrogen may not actually continue to increase if other energy alternatives such as solar, wind or hydroelectric are favored over ammonia and hydrogen; that the research and development in the energy sector may lead to rejection of hydrogen and ammonia as commercially viable fuel sources for the automotive, aircraft, marine, industrial or other sectors in the future, and that research may find that other fuels or energy sources provide safer, more cost efficient and/or more viable fuel alternatives; that governments may not implement the anticipated funding and initiatives to support reduced carbon emissions sufficient for ammonia and hydrogen to gain necessary traction or commercial viability as fuel alternatives; that AMMP may be unable to develop an efficient process or any unique proprietary intellectual property for the production of green ammonia or, even if developed, may ultimately fail to be adopted as commercially viable for various reasons; that investors favour other clean energy opportunities than hydrogen and ammonia or that other fuel alternatives such as solar, wind and hydroelectric may be considered more commercially viable; and that AMMP may, for any number of reasons, fail to carry out its intended business plans. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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This communication is for entertainment purposes only. Never invest purely based on our communication. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively, “Oilprice.com”) are being paid ninety thousand USD for this article as part of a larger marketing campaign for CSE:AMMP. In addition, AMMP has issued 500,000 restricted stock units to Oilprice which will unconditionally convert to common shares after 4 months. The information in this report and on our website has not been independently verified and is not guaranteed to be correct.

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VIRGINIA CITY, Nev., June 07, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today that it is set to join the Russell Microcap Index at the conclusion of the 2021 Russell Microcap Index’s annual reconstitution, effective after the US market opens on June 28, 2021, according to the preliminary list of additions posted June 4, 2021. Membership in the Russell Microcap^® Index means automatic inclusion in the appropriate growth and value indexes. FTSE Russell determines membership for its indices primarily by objective, market-capitalization rankings and style attributes.

Mr. Corrado De Gasperis, Comstock’s Executive Chairman and CEO stated, “The inclusion in the Russell Microcap Index recognizes our value growth and positions our capital base for the next phase of our growth. Our leadership in innovation and the sustainable extraction, valorization, and production of clean, renewable natural resources continues to gain recognition, including now with Russell, and we and our shareholders are grateful for this new association.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Toronto, Ontario–(Newsfile Corp. – June 7, 2021) – Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce the Company will hold its Annual General and Special Meeting of Shareholders on June 22, 2021 at 10:00 a.m. (Toronto time), for the following purposes:

1. to receive the audited consolidated financial statements of the Company for the years ended November 30, 2020 and 2019 together with the report of the auditors thereon;

1. to elect directors;

1. to re-appoint McGovern Hurley LLP, Chartered Accountants, as auditors of the Company and to authorize the directors to fix their remuneration;

1. to approve, in accordance with the polices of the TSX Venture Exchange, the Company's new long-term incentive plan; and

1. to transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.

The Notice of Meeting, Management Information Circular and form of Proxy are available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.monarcaminerals.com.

Due to COVID -19 restrictions and related health concerns generally, shareholders are encouraged not to attend the meeting in person but to vote in advance by completing and submitting their Proxy in accordance with the instructions set out in the Proxy sent to registered shareholders with the meeting materials. Beneficial shareholders are encouraged to vote using the Voting Instruction Form provided by or on behalf of the brokerage firm or other intermediary through which they hold their shares.

About Monarca Minerals Inc.

Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV: MMN) and focused on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including an Inferred Mineral Resource of 19.8 million tonnes at 45.0 g/t Ag (28.7 million ounces of contained silver) at its Tejamen deposit in Durango, Mexico.

For further information, please contact:

Carlos Espinosa
President, CEO & Director
Monarca Minerals Inc.
E: cespinosa@slgmexico.com

Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:

The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86746

A Relative Strength Rating upgrade for Southern Copper shows improving technical performance. Will it continue?

Val-d'Or, Quebec–(Newsfile Corp. – June 7, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") announces that the Company's monthly dividend payments of CDN$0.015 per common share for Q3-2021 will be paid as follows:

The September 2021 payment will represent the 21^st dividend payment made to shareholders since the Company's adoption of a dividend policy in September 2019. The full amount of the dividends will be designated as an "eligible dividend" as defined in the Income Tax Act (Canada).

About Abitibi Royalties

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

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

Forward Looking Statements:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86682

Just because a business does not make any money, does not mean that the stock will go down. For example, Globe Metals & Mining (ASX:GBE) shareholders have done very well over the last year, with the share price soaring by 1,015%. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

In light of its strong share price run, we think now is a good time to investigate how risky Globe Metals & Mining's cash burn is. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

See our latest analysis for Globe Metals & Mining

How Long Is Globe Metals & Mining's Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2020, Globe Metals & Mining had cash of AU$3.9m and no debt. Looking at the last year, the company burnt through AU$2.3m. So it had a cash runway of approximately 21 months from December 2020. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. You can see how its cash balance has changed over time in the image below.

How Is Globe Metals & Mining's Cash Burn Changing Over Time?

Globe Metals & Mining didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Over the last year its cash burn actually increased by 20%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we're a bit cautious of Globe Metals & Mining due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Globe Metals & Mining Raise More Cash Easily?

While Globe Metals & Mining does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Globe Metals & Mining has a market capitalisation of AU$68m and burnt through AU$2.3m last year, which is 3.4% of the company's market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

Is Globe Metals & Mining's Cash Burn A Worry?

On this analysis of Globe Metals & Mining's cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. An in-depth examination of risks revealed 2 warning signs for Globe Metals & Mining that readers should think about before committing capital to this stock.

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

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

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

KELOWNA, BC / ACCESSWIRE / June 7, 2021 / Diamcor Mining Inc. (TSX-V:DMI)(OTCQB:DMIFF), ("Diamcor" or, the "Company") a company with a proven history of supplying rough diamonds to the world market, announced today that it will be presenting virtually at the upcoming LD Micro Invitational XI event on Tuesday, June 8th at 10:30 am EDT.

Event: LD Micro Invitational XI

Date: Tuesday, June 8th, 2021

Time: 10:30 – 10:55 am EDT in Track 3

Register to watch the presentation here.

Summary of LD Micro Invitational XI Event

The 2021 LD Micro Invitational will be held on the Sequire Virtual Events platform on Tuesday, June 8th – Thursday, June 10th, 2021.

The festivities run from 7:00 AM PT – 3:00 PM PT / 10:00 AM ET – 6:00 PM ET each day.

This three-day, virtual investor conference is expected to feature around 180 companies, presenting for 25 minutes each, as well as several influential keynotes. The first day of this conference will also feature an exceptional one-time event: the LD Micro Hall of Fame.

About Diamcor Mining Inc.

Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.

About LD Micro (NASDAQ:SRAX)

LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events on an annual basis, LD's sole mission is for the Texas Rangers to win the World Series and serve as an invaluable asset for all those interested in finding the next generation of great companies.

http://www.ldmicro.com

Contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 767-7179

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

WE SEEK SAFE HARBOUR

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.

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/650780/Diamcor-to-Present-at-LD-Micro-Invitational-XI

VANCOUVER, June 7, 2021 /CNW/ – (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 470 carat top light brown clivage diamond from its 100% owned Karowe Diamond Mine located in Botswana (image attached). The diamond, measuring 49x42x26mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe. The 470 carat recovery forms a notable contribution to a series of top quality gem and clivage quality diamond recoveries during a recent production run, including an additional 5 diamonds greater than 100 carats (265ct, 183ct, 161ct, 116ct, 106ct) and 13 diamonds between 50 and 100 carats in weight. The May production run, dominated by EM/PK(S) ore, produced diamonds greater than 10.8 carat in weight accounting for 12.7% weight percent of total production, exceeding resource expectations. Continued strong resource performance and recovery of large diamonds reinforces the significance of the EM/PK(S) as an important economic driver for the proposed underground mine at Karowe. View PDF version.

The 470 carat diamond was recovered in the Coarse XRT circuit and represents the third +300 carat diamond recovered to date in 2021. Year to date, Karowe has produced 10 diamonds greater than 100 carats including 6 diamonds greater than 200 carats, including the 341 carat (link to press release) and 378 carat (link to press release) top white diamonds recovered in January 2021.

Eira Thomas, CEO commented: "The benefits of a South Lobe dominated mine-plan continue to be realized in 2021 and underpins our confidence in the ever-improving Karowe resource as we mine deeper in the open pit to 2026 and move into underground mining out to at least 2040. Both main rock types from the South Lobe continue to deliver large, high value diamonds, including 6 diamonds greater than 200 carats in the first five months of this year alone. Our operations remain safe, stable and strong, maintaining all COVID-19 protocols."

This press release has been reviewed and approved by Dr. John Armstrong, Ph.D. P.Geol., Vice-President, Technical Services of the Company and a "Qualified Person" for the purposes of National Instrument 43-101.

Eira Thomas
President and Chief Executive Officer

Follow Lucara Diamond on Facebook, Twitter, Instagram, and LinkedIn

ABOUT LUCARA
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest in Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2:15pm Pacific Time on June 7, 2021.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and elsewhere constitute forward-looking statements as defined in applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate and such forward-looking information included herein should not be unduly relied upon. The value of the Company's shares, its financial results and its mining activities are significantly affected by the price and marketability of the diamonds recovered. The sales price of a diamond is determined by its characteristics. While the Karowe Diamond Mine has produced a number of large, high-value diamonds in excess of 100 carats, there is no assurance that the diamonds recovered which are 100 carats or larger will have the characteristics required to achieve a high sales price.

There can be no assurance that such forward looking statements will prove to be accurate, as the Company's results and future events could differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or referred to under the heading "Risks and Uncertainties" in the Company's most recent Annual Information Form available at http://www.sedar.com, as well as changes in general business and economic conditions, changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, costs of power and diesel, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), and unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health safety and environmental matters).

Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, and the Company does not assume any obligations to update or revise them to reflect new events or circumstances, except as required by law.

SOURCE Lucara Diamond Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/07/c9950.html

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

TORONTO, June 07, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) is pleased to announce that, due to significant investor demand, it has increased the size of its previously announced non-brokered private placement (see news release dated May 6, 2021) to aggregate gross proceeds of up to $350,000 (the “Offering”). Closing of the Offering is expected to occur on or about June 10, 2021.

The Offering will now be composed of (i) up to 5,100,000 flow-through shares (“FT Shares”) at a price of $0.05 per FT Share for gross proceeds of up to $255,000; and (ii) up to 1,900,000 hard dollar units (“HD Units”) at a price of $0.05 per HD Unit for gross proceeds of up to $95,000. Each HD Unit shall be composed of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share (a “Warrant Share”) at a price of $0.07 per Warrant Share until the date which is twenty-four (24) months following the closing date of the Offering, whereupon the Warrants will expire. Each FT Share shall be composed of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the “Tax Act”).

Eligible finders who introduce an investor to the Offering will be paid (i) a cash commission of up to 8% of the gross proceeds raised by the finders in respect of the sale of FT Shares and Units pursuant to the Offering; and (ii) that number of compensation options (the “Finder Unit Warrants”) exercisable to acquire that number of Units as is equal to up to 8% of the number of FT Shares and Units sold with the assistance of the finders pursuant to the Offering. Each Finder Unit Warrant will entitle the holder to acquire one (1) Unit (a “Finder Unit”) at the exercise price of C$0.05 per Finder Unit for a period of 24 months from the issuance of Finder Unit Warrants. Each Finder Unit shall be composed of one Common Share and one Common Share purchase warrant (a “Finder Warrant”). Each Finder Warrant will entitle the holder to purchase one Common Share (a “Finder Warrant Share”) at a price of $0.07 per Finder Warrant Share until the date which is twenty-four (24) months following the closing date of the Offering.

Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “Exchange”) and applicable securities regulatory authorities. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. In connection with the Offering, the Company may pay commissions to eligible persons in accordance with the policies of the Exchange.

The proceeds raised from the sale of the FT Shares will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) to pay for assay results on over 2,000 meters of drill core from the Company’s Good Hope Niobium Project near Marathon, Ontario and to fund the Company’s other properties in Ontario, Canada. The proceeds raised from the sale of the HD Units will be used for general working capital purposes and for exploration expenses on the Company’s properties.

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

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins, Ontario, Marathon, Ontario and Santa Cruz, Argentina.

The Timmins, Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon, Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon, Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.

For additional company information, please visit: www.platogold.com.

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

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Forward Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, completion of the Offering, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals may offset operating costs and future plans and objectives. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. 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 but are not limited to: 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; conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained; and an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains. Although management of Plato 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. 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.

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, June 7, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce that it has closed its previously-announced non-brokered private placement (the "Private Placement") consisting of an aggregate of 603,526 units. Pursuant to the Private Placement, the Corporation issued 369,400 flow-through units (the "FT Units") at a subscription price of $0.67 per FT Unit and 234,126 non flow-through units (the "Non-FT Units") at a subscription price of $0.63 per Non-FT Unit, for aggregate gross proceeds to the Corporation of $395,000.

Each FT Unit consists of one common share of the Corporation issued as a "flow-through share" (as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")) (each, a "FT Share") and one common share purchase warrant (each, a "Warrant"). Each Non-FT Unit consists of one non flow-through common share of the Corporation and one Warrant. Each Warrant (whether comprising part of a FT Unit or a Non-FT Unit) entitles the holder thereof to acquire one non flow-through common share of the Corporation at a price of $0.72 per share for a period of 12 months from the date of issuance.

The gross proceeds allocable to the FT Shares comprising the FT Units will be used for "Canadian exploration expenses" (within the meaning of the Tax Act), which will qualify, once renounced, as "flow-through mining expenditures", as defined in the Tax Act, which will be renounced with an effective date of no later than December 31, 2021 (provided the subscriber deals at arm's length with the Corporation at all relevant times) to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units which are allocable to the FT Shares. The Corporation intends to use the net proceeds from the issue of Non-FT Units for exploration activities and general working capital purposes.

The Corporation did not pay any finders fees in connection with the closing of the Private Placement.

Pursuant to applicable Canadian securities laws, all securities issued pursuant to the Private Placement are subject to a hold period of four months and one day, expiring on October 5, 2021. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the "TSXV").

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. The Corporation currently has 228,052,731 outstanding shares, of which approximately 79% of LAURION's issued and outstanding shares are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Follow us on Twitter: @LAURION_LME

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, management's objectives, strategies, beliefs and intentions, the use of proceeds from the Private Placement. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSXV not providing its final approval for the Private Placement, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2021/07/c6289.html

VANCOUVER, BC / ACCESSWIRE / June 7, 2021 / Mawson Gold Limited ("Mawson") or (the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce metallurgical testwork results from the BATCircle joint research project geometallurgical orientation study of Mawson's 100%-owned Rajapalot gold-cobalt project in Finland. BATCircle is funded by Business Finland in cooperation with several consortium members, including Mawson, the Geological Survey of Finland (GTK) and Aalto University.

Key results from BATCircle:

• Excellent gold recoveries by conventional cyanidation across multiple resource areas between 97.3% to 98.0% and compare well with earlier studies by Mawson;

• Gravity concentration yielded recoveries for 44% for gold and 20% for cobalt. Gravity gold recoveries compare well with earlier studies by Mawson;

• Flotation could be the most effective separation process to recover both gold and cobalt. Results suggest recovery rates and concentrate grades above 90% and 100g/t for gold, and between 23%-63% and above 1% for cobalt, with recovery rates between 78%-93% for cobaltite (the most common cobalt mineral at Rajapalot);

• Magnetic separation can be used to selectively recover pyrrhotite (up to 90% recovery) at relatively low amperage (LIMS equivalent) and with it the cobalt content associated with the lesser cobalt-forming mineral at Rajapalot (linnaeite);

• Next steps are further continuous cycle testwork to further optimize gold and cobalt recoveries and define a definitive flowsheet.

Mr. Hudson, Chairman and CEO, states, "The most comprehensive metallurgical studies performed at Rajapalot to date demonstrate excellent gold recoveries with a viable flowsheet which could include crushing and grinding, gravity recovery, and cyanide leaching with gold recovery via a carbon-in-pulp circuit for production of onsite gold doré.

Rajapalot is already the 7^th largest European cobalt resource, and the BATCircle test work has shown potential to obtain industrial acceptable recoveries to produce cobalt concentrates that could be further treated by hydrometallurgical methods (leaching, solvent extraction, purification) to produce cobalt sulphate. The battery supply chain, through to the customer, is demanding sustainable and ethically sourced metals and minerals, and the Finnish ability to deliver against these demands, via projects such as Rajapalot, is a unique and competitive advantage."

The full report from BATCircle entitled "Metallurgical testwork for the geometallurgical orientation study of the Mawson Gold's Rajapalot Au-Co project BATCircle Project Report 05 – WP1 Task 1.2" by Dehaine et al. (2021) can be downloaded here. Multiple samples from three geometallurgical end-members were chosen for the study from the Palokas and Raja resource areas. At Rajapalot, gold is present as free grains with low silver and copper content (gold is greater than 95% fineness). Gold extraction via cyanidation was over 97% for each sample. There was no sign of preg-robbing for any of the samples. Magnetic and gravity concentration yielded lower recoveries for gold below 50% for all sample types.

Rajapalot hosts cobalt minerals that form the most common primary cobalt ore minerals currently exploited, including sulpharsenides (cobaltite) and cobalt sulphides (linnaeite). Mineral processing tests results obtained in this study clearly highlight a mineralogical control over cobalt recovery. Cobaltite is preferentially recovered by flotation (78%-93%) and linnaeite through low amperage magnetic separation (up to 71% cobalt).

Flotation has been found to be an efficient technique both for gold and cobalt recovery, with recovery rates and concentrate grades above 90% and 100g/t for gold, and between 23%-63% and above 1% for cobalt, but cobalt recovery as high as 71% has been obtained during the magnetic separation of some ore types.

While the test work results described in this study do not allow for the establishment of a definitive flowsheet for the Rajapalot Au-Co project, it provides grounds for future work and the next stage of the geometallurgical campaign, whereby different process paths are tested. Next steps are further continuous cycle testwork to optimize gold and cobalt recoveries, and the development of a definitive flowsheet.

Technical Background

BATCircle is a project developed and funded by Business Finland (https://www.businessfinland.fi). This is a 21-million-euro project with 23 consortium partners, and is drawing to a close after 24 months. The BATCircle project was designed to be based around the concept of a Circular Ecosystem of Battery Metals in Finland. The concept includes both primary raw materials, downstream refining, and recycling in batteries. Most relevant Finnish operators in the existing battery business at all stages of the regional value chain are involved with the project in some form. Mawson provided sample materials and technical support.

NI 43-101 Technical Report: On September 14, 2020, an updated resource estimation was completed by Rodney Webster of AMC of Melbourne, Australia, and Dr. Kurt Simon Forrester of Arn Perspective of Surrey, England. Each of Mr. Webster and Dr. Forrester are independent "qualified persons" as defined by NI 43-101. The NI 43-101 technical report is entitled "Rajapalot Property Mineral Resource Estimate NI 43-101 Technical Report" and dated September 14, 2020 (the "Updated Technical Report"). The Updated Technical Report may be found on the Company's website at www.mawsongold.com or under the Company's profile on SEDAR at www.sedar.com. Readers are encouraged to read the entire Updated Technical Report.

Qualified Person

Dr. Nick Cook (FAusIMM), Chief Geologist for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has prepared or reviewed the preparation of the scientific and technical information in this press release.

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)

Mawson Gold Limitedis an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland. Mawson also owns or is joint venturing into three high-grade, historic epizonal goldfields covering 470 square kilometres in Victoria, Australia and is well placed to add to its already significant gold-cobalt resource in Finland.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information:

www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316, info@mawsongold.com

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, timing and successful completion of future testwork planned at Rajapalot, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises, including the current pandemic known as COVID-19 on the Company's business, planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/650622/Mawson-Announces-BATCircle-Geometallurgical-Testwork-for-the-Rajapalot-Gold-Cobalt-Project-Finland

(Adds detail on emissions, CEO comment on M&A, shares)

TORONTO, June 7 (Reuters) – West Africa-focused gold miner Endeavour Mining on Monday said it would target at least $500 million in shareholder returns through to 2023 with a progressive dividend policy ahead of a London listing expected next week.

Endeavour, which is set to list on the London Stock Exchange on or about June 14, is working to integrate new mines after a $2.7 billion acquisition spree in West Africa last year spooked some investors.

Minimum dividends would be set at $125 million, $150 million, and $175 million for fiscal 2021, 2022, and 2023, respectively, which represents approximately $0.50/share, $0.60/share, and $0.70/share based on current shares outstanding, it said.

Payments could be supplemented by higher dividends and by ongoing share buybacks at gold prices of $1,500 per ounce or higher, provided Endeavour's leverage remains below 0.5 times net debt to adjusted EBITDA, the company said.

Endeavour, which has said it would retain its Toronto listing, is targeting production of 1.4 million to 1.5 million ounces through 2023, rising to 1.6 million ounces in 2025.

Chief Executive Sebastien de Montessus reiterated the miner is not interested in M&A.

"We haven't seen anything that would be of interest," he said on an analyst call.

He said Endeavour would update on a potential divestment of its non-core Karma mine in Burkina Faso in the year's second half.

The company said it aims to lower its carbon intensity by a third by 2030 and achieve net zero emissions by 2050.

Emissions per ounce of gold produced rose 11% in 2020 while total emissions nearly doubled from a year earlier, due to mining of lower grades and increased energy use following recent acquisitions, the company said.

Endeavour shares were flat in midday trading in Toronto, in line with gold which traded in a narrow range.

(Reporting by Jeff Lewis Editing by Bernadette Baum and Chris Reese)

LITTLETON, CO / ACCESSWIRE / June 7, 2021 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, 2021 according to a preliminary list of additions made public June 4, 2021.

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Ur-Energy Chairman and CEO Jeff Klenda, said, "Ur-Energy is excited to be included in the Russell 3000® Index. This listing reflects the significant increase in our market capitalization over the past several months, and our continued effort to build shareholder value. Inclusion in the Russell 3000® is significant as the Russell indexes are widely followed by the investment community. We believe inclusion in the Russell index provides us with the opportunity to expand our shareholder registry as we continue to progress our strategic initiatives and maintain operational readiness until we ramp-up production operations at our Lost Creek Project."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. We have produced, packaged, and shipped approximately 2.6 million pounds from Lost Creek since the commencement of operations. Ur-Energy now has all major permits and authorizations to begin construction at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion of Lost Creek. Ur‑Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur‑Energy's common shares is on the NYSE American under the symbol "URG." Ur‑Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is located in Littleton, Colorado and its registered office is located in Ottawa, Ontario. Ur-Energy's website is www.ur-energy.com.

FOR FURTHER INFORMATION, PLEASE CONTACT

Jeffrey Klenda, Chairman & CEO
866-981-4588
Jeff.Klenda@Ur-Energy.com

Cautionary Note Regarding Forward-Looking Information

This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., whether inclusion on the Russell Index will enhance shareholder value and permit the Company to expand its shareholder registry; the success of the Company's ongoing strategic initiatives; what decisions will be made for ramp-up of operations at Lost Creek, and when those decisions will occur) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; fluctuations in commodity prices; failure to establish estimated resources; the grade and recovery of mineral resources which are mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes to regulatory and legal requirements; inflation; changes in exchange rates; delays in development, and other factors described in the public filings made by the Company at www.sedar.com and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.

SOURCE: Ur-Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/650603/Ur-Energy-Set-to-Join-the-Russell-Index

If you want to know who really controls Northern Minerals Limited (ASX:NTU), then you'll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

Northern Minerals is a smaller company with a market capitalization of AU$160m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions don't own many shares in the company. Let's delve deeper into each type of owner, to discover more about Northern Minerals.

Check out our latest analysis for Northern Minerals

What Does The Institutional Ownership Tell Us About Northern Minerals?

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

Since institutions own only a small portion of Northern Minerals, many may not have spent much time considering the stock. But it's clear that some have; and they liked it enough to buy in. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time. The history of earnings and revenue, which you can see below, could be helpful in considering if more institutional investors will want the stock. Of course, there are plenty of other factors to consider, too.

Hedge funds don't have many shares in Northern Minerals. The company's largest shareholder is Vastness Investment Group Limited, with ownership of 7.7%. With 5.2% and 4.6% of the shares outstanding respectively, Yongquan He and Yuzhen Ma are the second and third largest shareholders.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

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

Insider Ownership Of Northern Minerals

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

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

Our information suggests that insiders maintain a significant holding in Northern Minerals Limited. Insiders have a AU$34m stake in this AU$160m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

General Public Ownership

The general public holds a substantial 56% stake in Northern Minerals, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions.

Private Company Ownership

Our data indicates that Private Companies hold 19%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example – Northern Minerals has 5 warning signs (and 3 which shouldn't be ignored) we think you should know about.

Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.

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

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

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

If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). For example, the Energy Resources of Australia Ltd (ASX:ERA) share price is up 59% in the last year, clearly besting the market return of around 26% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! Zooming out, the stock is actually down 49% in the last three years.

View our latest analysis for Energy Resources of Australia

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Energy Resources of Australia went from making a loss to reporting a profit, in the last year.

When a company is just on the edge of profitability it can be well worth considering other metrics in order to more precisely gauge growth (and therefore understand share price movements).

However the year on year revenue growth of 8.1% would help. Many businesses do go through a phase where they have to forgo some profits to drive business development, and sometimes its for the best.

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.

A Different Perspective

We're pleased to report that Energy Resources of Australia shareholders have received a total shareholder return of 59% over one year. Notably the five-year annualised TSR loss of 0.5% per year compares very unfavourably with the recent share price performance. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Energy Resources of Australia is showing 1 warning sign in our investment analysis , you should know about…

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

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

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

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

In this article we discuss the 10 best uranium stocks to buy now. If you want to skip our detailed analysis of these companies, go directly to the 5 Best Uranium Stocks to Buy Now.

The long-term demand for uranium has been on an upward trajectory as developing and emerging economies opt for nuclear fuel to solve their energy problems, primarily because renewable solutions like solar and wind are unreliable base sources for electrical grids and drive up prices, hurting consumers who subsequently influence energy policymaking in this regard. As a result, the global demand for uranium was close to 180 million pounds in 2020. Market experts believe that this figure is set to grow to almost 200 million pounds within the next five years.

Some of the companies that can ride this nuclear fuel boom are the Rio Tinto Group (NYSE: RIO), BHP Group (NYSE: BHP) and Cameco Corporation (NYSE: CCJ). All three are major mining enterprises with significant stakes in the exploration and processing of uranium. Rio Tinto Group (NYSE: RIO) is based in the United Kingdom, BHP Group (NYSE: BHP) operates from Australia, and Cameco Corporation (NYSE: CCJ) is a Canadian company.

Even though industry analysts are bullish on the uranium future, the ultimate demand for the nuclear resource in the coming months and years will likely depend on several factors, including the number of new uranium-related projects, the amount of time it takes to complete those already under construction, as well as the reactors that are closed down. Governments around the world have begun to crack down on the environmental impacts of nuclear fuel, a major point of contention being the safe storage of spent fuel with hazardous properties.

Supply constraints that have sprung up as the economy slowly reopens following the pandemic have pushed uranium prices to new highs in recent weeks. However, it remains to be seen whether these gains can offset the lows of the previous year and sustain long enough to interest investors. Concerns related to the depletion of uranium at some major mining sites, as well as peak production, have also hit the industry. However, despite the problems, uranium remains one of the best performing commodities in the world along with gold.

Mining stocks have been a major growth catalyst over the past few months, rivaling tech-led disruption that has had a huge effect on the overall market dynamics. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Image by Markus Distelrath from Pixabay

With this context in mind, here is our list of the 10 best uranium stocks to buy now

Best Uranium Stocks to Buy Now

10. Uranium Royalty Corp. (NASDAQ: UROY)

Number of Hedge Fund Holders: N/A

Uranium Royalty Corp. (NASDAQ: UROY) is a Canada-based company that makes investments in uranium-related royalties, streams, debt and equity. It was founded in 2017 and is placed tenth on our list of 10 best uranium stocks to buy now. The stock has returned more than 230% to investors over the course of the past twelve months. Some of the projects that the firm holds royalty interests in include Church Rock, Dewey-Burdock, Lance, Roca Honda, Reno Creek, Roughrider, and Michelin, among others.

On April 29, investment advisory HC Wainwright reiterated a Buy rating on Uranium Royalty Corp. (NASDAQ: UROY) stock with a price target of $3.6. The rating indicated upside potential for the stock that has a 52-week high of $3.58.

Just like Rio Tinto Group (NYSE: RIO), BHP Group (NYSE: BHP), and Cameco Corporation (NYSE: CCJ), Uranium Royalty Corp. (NASDAQ: UROY) is one of the best uranium stocks to buy now.

9. Lightbridge Corporation (NASDAQ: LTBR)

Number of Hedge Fund Holders: N/A

Lightbridge Corporation (NASDAQ: LTBR) is a Massachusetts-based nuclear fuel technology development company. It was founded in 1992 and is ranked ninth on our list of 10 best uranium stocks to buy now. The company’s shares have returned more than 52% to investors year-to-date. In addition to stakes in nuclear fuel technology, the company also provides nuclear energy consulting services. The firm aims to reduce the environmental impact of nuclear technology on the environment through fuel development.

On May 11, Lightbridge Corporation (NASDAQ: LTBR) posted results for the first three months of 2021, reporting cash equivalents of $15.2 million, compared to $21.5 million in the preceding quarter. The company said research and development costs were consistent through the first quarter of 2021.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Schonfeld Strategic Advisors is a leading shareholder in Lightbridge Corporation (NASDAQ: LTBR) with 15,300 shares worth more than $98,000.

Just like Rio Tinto Group (NYSE: RIO), BHP Group (NYSE: BHP), and Cameco Corporation (NYSE: CCJ), Lightbridge Corporation (NASDAQ: LTBR) is one of the best uranium stocks to buy now.

8. Denison Mines Corp. (NYSE: DNN)

Number of Hedge Fund Holders: 10

Denison Mines Corp. (NYSE: DNN) is a Canada-based uranium exploration, development, and production company. It was founded in 1997 and is placed eighth on our list of 10 best uranium stocks to buy now. The stock has offered investors returns exceeding 195% over the course of the past twelve months. The company is famous for uranium mining in the Blind River and Elliot Lake, but has recently expanded into other areas. It was formerly known as Uranium Corporation but changed to Denison Mines in 2006.

On April 14, Denison Mines Corp. (NYSE: DNN) stock jumped more than 5% after the company announced that it had discovered new high-grade uranium mineralization at the McClean Lake. The firm is working on the project with the help of operator Orano Canada.

At the end of the first quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $18.1 million in Denison Mines Corp. (NYSE: DNN), up from 6 in the previous quarter worth $7.6 million.

Just like Rio Tinto Group (NYSE: RIO), BHP Group (NYSE: BHP), and Cameco Corporation (NYSE: CCJ), Denison Mines Corp. (NYSE: DNN) is one of the best uranium stocks to buy now.

7. Energy Fuels Inc. (NYSE: UUUU)

Number of Hedge Fund Holders: 12

Energy Fuels Inc. (NYSE: UUUU) is a Colorado-based uranium mining company founded in 1987. It is ranked seventh on our list of 10 best uranium stocks to buy now. The company’s shares have returned more than 312% to investors over the past year. Energy Fuels is the leading US-based producer of uranium and vanadium. The company has also expanded in recent years, emerging as a player in the commercial rare earth business. The core business of the firm remains the extraction, recovery, exploration, and sale of uranium.

On May 13, Energy Fuels Inc. (NYSE: UUUU) posted earnings results for the first quarter of 2021, reporting earnings per share of -$0.08, missing market estimates by $0.04. The revenue over the period was $0.35 million, down 10% year-on-year.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Energy Fuels Inc. (NYSE: UUUU) with 365,006 shares worth more than $2 million.

6. Uranium Energy Corp. (NYSE: UEC)

Number of Hedge Fund Holders: 7

Uranium Energy Corp. (NYSE: UEC) is a Texas-based uranium mining and exploration company founded in 2003. It is placed sixth on our list of 10 best uranium stocks to buy now. The stock has offered investors returns exceeding 213% over the past year. The company has mining interests in the United States, Canada, and Paraguay. Some of the projects it has stakes in include Palangana, Goliad, Burke Hollow, Longhorn, Salvo, Anderson, Workman Creek, and Los Cuatros, among others.

In January, Uranium Energy Corp. (NYSE: UEC) announced that it had restarted work on the Burke Hollow ISR project in Texas, which the company said was the newest and largest ISR wellfield being developed in the United States.

At the end of the first quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $12.3 million in Uranium Energy Corp. (NYSE: UEC), down from 10 in the previous quarter worth $8.6 million.

Just like Rio Tinto Group (NYSE: RIO), BHP Group (NYSE: BHP), and Cameco Corporation (NYSE: CCJ), Uranium Energy Corp. (NYSE: UEC) is one of the best uranium stocks to buy now.

Click to continue reading and see 5 Best Uranium Stocks to Buy Now.

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Disclosure: None. 10 Best Uranium Stocks to Buy Now is originally published on Insider Monkey.

Company looks forward to presenting scientific evidence showing no downstream water quality effects

St. Paul, Minnesota–(Newsfile Corp. – June 4, 2021) – The Environmental Protection Agency today concluded that PolyMet's proposed copper-nickel-precious metals mining project "may affect" waters on the Fond du Lac reservation and in the State of Wisconsin, both of which are located well over 100 river miles downstream, according to Poly Met Mining, Inc., a wholly owned subsidiary of PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) (together "PolyMet" or the "company") .

EPA's decision does not say PolyMet's project will affect downstream water quality, only that such an effect is possible. The Minnesota Pollution Control Agency (MPCA) certified in 2018 that the project would not affect in-state water quality under section 401 of the Clean Water Act. PolyMet now will present the evidence on which the MPCA relied to the Army Corps of Engineers, which will likely require a hearing to make a final decision on the project's downstream water quality effects.

When in operation, PolyMet's project will collect and treat water, including water that holds mercury and other contaminants from historical taconite mining, resulting in a net reduction of contaminants to the St. Louis River system. "I am hard pressed to understand how our treated water can meet water quality standards at the point of discharge and at other downstream communities closer to the project site, and actually reduce overall mercury loading to the river, but somehow 'may affect' water in places located more than 100 river miles downstream," said Jon Cherry, chairman, president and CEO.

"We disagree with the EPA's new conclusion since the science is clear that water discharges from the NorthMet mine will not only meet water quality standards, but are proven to have a net benefit to the St. Louis River's water quality," Cherry said.

Because EPA's downstream water quality determination is a prerequisite for the section 404 wetlands permit issued to PolyMet by the Corps of Engineers, the Corps placed the permit on hold during EPA's review. That hold is expected to remain in place during any Corps hearing.

PolyMet will work with the EPA and Corps to address this issue. If necessary, it will again demonstrate that its project will cause a net reduction of mercury loading to the St. Louis River.

* * * * *

About PolyMet

PolyMet is a mine development company that owns 100% of the NorthMet Project, the first large-scale project to be permitted within the Duluth Complex in northeastern Minnesota, one of the world's major, undeveloped mining regions. NorthMet has significant proven and probable reserves of copper, nickel and palladium – metals vital to global carbon reduction efforts – in addition to marketable reserves of cobalt, platinum and gold. When operational, NorthMet will become one of the leading producers of nickel, palladium and cobalt in the U.S., providing a much needed, responsibly mined source of these critical and essential metals.

Located in the Mesabi Iron Range, the project will provide economic diversity while leveraging the region's established supplier network and skilled workforce, and generate a level of activity that will have a significant effect in the local economy. For more information: www.polymetmining.com.

For further information, please contact:

Media
Bruce Richardson, Corporate Communications
Tel: +1 (651) 389-4111
brichardson@polymetmining.com

Investor Relations
Tony Gikas, Investor Relations
Tel: +1 (651) 389-4110
investorrelations@polymetmining.com

PolyMet Disclosures

This news release contains certain forward-looking statements concerning anticipated developments in PolyMet's operations in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding the ability to receive environmental and operating permits, job creation, and the effect on the local economy, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.

PolyMet's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations and opinions should change.

Specific reference is made to risk factors and other considerations underlying forward-looking statements discussed in PolyMet's most recent Annual Report on Form 40-F for the fiscal year ended December 31, 2020, and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission.

The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.

No regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86571

Vancouver, British Columbia–(Newsfile Corp. – June 4, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOL) (the "Company" or "Contact Gold") is pleased to announce that it has closed the previously announced plan of arrangement (the "Arrangement") to redomicile from Nevada to continue as a British Columbia corporation.

The process to redomicile back to Canada was achieved by (a) completing a plan of conversion from the State of Nevada to continue into the British Columbia (the "Continuance"), and (b) immediately thereafter completing a plan of arrangement under the laws of British Columbia (the "Arrangement" and together with the Continuance, the "Repatriation Transaction") (see news releases dated April 21, 2021, and May 26, 2021).

The Repatriation Transaction has not resulted in any material changes to the board, management, day-to-day conduct of the business of Contact Gold or its strategy. Among other advantages, management expects to see a reduction in the Company's regulatory compliance costs, an enhanced ability to access the capital markets and an increase to the number of potential investors. Completion of the Repatriation Transactions has also reduced or eliminated certain U.S. resale restrictions on common shares previously issued by the Company in private placement transactions.

"The closing of the redomicile represents the final step in streamlining Contact Gold's corporate structure, rendering financial reporting, potential M&A, and financing more efficient," said Matt Lennox-King, President & CEO. "We thank our shareholders for their overwhelming support in the process."

Pursuant to the Arrangement, Contact Gold shareholders today received or shall be entitled to receive, for every one share of common stock of Contact Gold ("Contact NV Share"), one common share of the now British Columbia incorporated Contact Gold (a "Contact BC Share"), bearing new CUSIP number 21074F103 (ISIN CA21074F1036). Pursuant to the Arrangement, Contact Gold expects that the Contact NV Shares will be de-listed from the TSX Venture Exchange ("TSXV"), and the Contact BC Shares will be listed and posted for trading on the TSXV effective as of market open on June 9, 2021, with no change to the Company's ticker symbol (TSXV: C).

For further details concerning the Repatriation Transaction, please refer to the Company's management information circular dated April 23, 2021, available under the Company's issuer profile on SEDAR at www.sedar.com.

Reminder to Registered Securityholders
Registered Shareholders not holding their common shares in a brokerage account and Registered Warrantholders are reminded to complete, sign and remit the Letter of Transmittal along with the accompanying Common Share certificate(s) and/or Warrant certificate(s) as instructed in the relevant Letter of Transmittal in order to receive replacement securities of Contact Gold. Registered Warrantholders in the United States MUST also return the relevant U.S. tax forms attached thereto to the Company in order to comply with U.S. federal income tax provisions, including those related to withholding taxes.

About Contact Gold

Contact Gold is focused on advancing the Green Springs and Pony Creek gold projects in Nevada, both of which host extensive and robust Carlin Type gold systems.

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in Nevada, east of Fiore Gold's Pan Mine and Gold Rock Project, and south of Waterton's Mount Hamilton deposit. The Green Springs property is 18.5 km², encompassing 3 shallow past-producing open pits and numerous targets that were not mined.

Pony Creek is strategically located immediately south of Gold Standard Ventures' South Railroad Project, on the Southern Carlin Trend, and totals 81.7 km² underpinned by an extensive Carlin-type gold system.

Additional information about the Company is available at www.contactgold.com.

For more information, please contact (604) 449-3361 for either:
Matthew Lennox-King, President & Chief Executive Officer mlk@contactgold.com
John Wenger, Chief Financial Officer wenger@contactgold.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company's goals and objectives, including the anticipated benefits of the Repatriation Transaction on the Company, and commencement of trading of the Contact BC Shares on the TSXV.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: impacts arising from the global disruption caused by the COVID-19 coronavirus outbreak; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86591

TORONTO, June 04, 2021 (GLOBE NEWSWIRE) — Mega Uranium Ltd. (MGA: TSX) is pleased to announce that it has participated in the recently closed equity financings of Toro Energy Limited (ASX: TOE; “Toro Energy”) and International Consolidated Uranium Inc. (TSXV: CUR; “Consolidated Uranium”), two publicly-listed issuers engaged in uranium exploration and development activities.

Mega’s AUD$1.5M investment in Toro Energy formed part of Toro Energy’s AUD$15M aggregate equity financing, that, together with and subject to completion of its proposed AUD$6.7M debt conversion transaction (which requires shareholder approval), would position Toro Energy as debt-free and well-funded for its ongoing development and exploration programs. Mega has been a long-time shareholder and supporter of Toro Energy dating back to 2013 and now holds a 12.76% equity interest in the company.

Mega also invested an additional CAD$482,000 in Consolidated Uranium’s recently completed CAD$9M equity financing. The financing brought Consolidated Uranium’s balance sheet to approximately CAD$23M in cash assets.

Commenting on these additions to Mega Uranium’s investment portfolio, Richard Patricio, President and CEO, stated: "We are pleased to continue our support of our investee companies and congratulate them on their recent successes. Both companies are competitively positioned for growth in this resurgent uranium market. In addition to our flagship investment in NexGen Energy Ltd. (TSX:NXE; NYSE MKT:NXE) hitting all-time highs recently, we believe that the uranium equity markets are in a new bullish trend and we are optimistic about our assets and uranium investments and our ability to monetize them in the future.

ABOUT MEGA URANIUM LTD.

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia and Canada and a portfolio of equity investments in uranium-focused public and private companies. Further information on Mega can be found on the company’s website at www.megauranium.com.

For further information please contact:

Mega Uranium Ltd.
Richard Patricio
Chief Executive Officer and President
T: (416) 643-7630
info@megauranium.com
www.megauranium.com

ABOUT TORO ENERGY LTD.

Toro’s flagship asset is the 100% owned Wiluna Uranium Project, located 30 kilometres southwest of Wiluna in Central Western Australia. The Wiluna Uranium Project has received environmental approval from the Australian state and federal governments, moving the Project one step closer to potentially becoming Western Australia’s first uranium mine. www.toroenergy.com.au

ABOUT INTERNATIONAL CONSOLIDATED URANIUM INC.

International Consolidated Uranium Inc. is a Vancouver-based exploration and development company. It has entered into option agreements to acquire five uranium projects in Australia, Canada and Argentina. Subject to receipt of regulatory and/or governmental approvals, the company has the right to acquire: (a) a 100% interest in the Ben Lomond and Georgetown uranium projects in Australia from Mega Uranium; (b) a 100% interest in the Laguna Salada uranium and vanadium project in Argentina from U308 Corp.; and (c) a 100% interest in the Mountain Lake uranium project in Nunavut, Canada from IsoEnergy Ltd. The Company also owns the Dieter Lake project in Quebec, Canada and has the right to acquire a 100% interest in the Moran Lake uranium and vanadium project in Labrador, Canada from a private party.

NOTE REGARDING INVESTEE COMPANY INFORMATION

The information regarding Toro Energy Limited and International Consolidated Uranium Inc. contained in this press release (the “Investee Information”) has either been provided to us by the particular company or obtained from publicly available information disclosed by the entity. We have not independently verified and make no representations regarding the accuracy or completeness of the Investee Information.

NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this press release constitutes “forward-looking information”, which is information regarding possible events, conditions or results of operations that is based upon assumptions about future economic conditions and courses of action. All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release includes, but is not limited to information about: our expectations regarding sentiment and trends in the uranium equity markets, our ability to monetize our assets and investments, and the ability of our investees to manage their financial assets, obligations and condition to fund their exploration and development activities.

By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to: the uncertainty associated with estimating working capital requirements, which can require unknown or unexpected expenditures, fluctuations in the fair value of our investments due to thinly traded securities, issuer-specific events that affect a company’s market value, or general market conditions, all of which could materially increase or decrease our proceeds of dispositions and available funds and impact positively or negatively our ongoing operations; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with our expectations; risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; the potential for delays in exploration or development activities or the completion of feasibility studies; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; risks related to commodity price and foreign exchange rate fluctuations; the uncertainty of profitability based upon the cyclical nature of the industry in which we operate; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment; and risks associated with the severity, duration and spread of the COVID-19 outbreak, as well as actions that may be taken by governmental authorities to contain COVID-19 or to treat its impact and the corresponding effects on global commodity and financial markets; and other risks and uncertainties related our prospects, properties and business strategy.

Although we have attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, readers are cautioned that this list is not exhaustive and there may be other factors that we have not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Forward-looking information is based upon our beliefs, estimates and opinions as at the date of this press release, which we believe are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, we undertake no obligation to update or revise forward-looking information if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

All forward-looking information contained in this press release is expressly qualified by this cautionary note.

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks with a good story, even if those businesses lose money. But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.' When they buy such story stocks, investors are all too often the patsy.

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Southern Copper (NYSE:SCCO). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. While a well funded company may sustain losses for years, unless its owners have an endless appetite for subsidizing the customer, it will need to generate a profit eventually, or else breathe its last breath.

View our latest analysis for Southern Copper

How Quickly Is Southern Copper Increasing Earnings Per Share?

As one of my mentors once told me, share price follows earnings per share (EPS). It's no surprise, then, that I like to invest in companies with EPS growth. It certainly is nice to see that Southern Copper has managed to grow EPS by 34% per year over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be smiling.

Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. Southern Copper shareholders can take confidence from the fact that EBIT margins are up from 36% to 45%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.

You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image.

While we live in the present moment at all times, there's no doubt in my mind that the future matters more than the past. So why not check this interactive chart depicting future EPS estimates, for Southern Copper?

Are Southern Copper Insiders Aligned With All Shareholders?

Since Southern Copper has a market capitalization of US$54b, we wouldn't expect insiders to hold a large percentage of shares. But we do take comfort from the fact that they are investors in the company. Given insiders own a small fortune of shares, currently valued at US$65m, they have plenty of motivation to push the business to succeed. That's certainly enough to make me think that management will be very focussed on long term growth.

It's good to see that insiders are invested in the company, but are remuneration levels reasonable? A brief analysis of the CEO compensation suggests they are. I discovered that the median total compensation for the CEOs of companies like Southern Copper, with market caps over US$8.0b, is about US$11m.

The Southern Copper CEO received total compensation of just US$1.4m in the year to . That's clearly well below average, so at a glance, that arrangement seems generous to shareholders, and points to a modest remuneration culture. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally.

Should You Add Southern Copper To Your Watchlist?

Given my belief that share price follows earnings per share you can easily imagine how I feel about Southern Copper's strong EPS growth. If that's not enough, consider also that the CEO pay is quite reasonable, and insiders are well-invested alongside other shareholders. This may only be a fast rundown, but the takeaway for me is that Southern Copper is worth keeping an eye on. We don't want to rain on the parade too much, but we did also find 4 warning signs for Southern Copper (1 is concerning!) that you need to be mindful of.

Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares. But as a growth investor I always like to check out companies that do have those features. You can access a free list of them here.

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

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

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

TSX-V: RUP

FSE: R05

TORONTO, June 4, 2021 /CNW/ – Rupert Resources Ltd. ("Rupert Resources" or the "Company") reports that it has closed the previously announced concurrent equity financings raising a total of C$48,654,000 before expenses. The financings comprised two components: a bought deal equity offering (the "Public Offering"); and a private placement (the "Private Placement") with existing shareholders, including Agnico Eagle Mines Limited ("Agnico Eagle").

James Withall, Chief Executive of Rupert Resources said "The financings were well supported by our existing shareholders and a number of high-quality new institutions. The funds enable the Company to progress the Ikkari discovery through the maiden mineral resource estimate and economic evaluation stages whilst most importantly continuing our exploration that aims to demonstrate extensions to Ikkari and delineate the potential of Rupert's other discoveries made in Area 1 and the Pahtavaara mine. Rupert's regional programme to generate and drill new targets on this very prospective property package of over 450km² will continue in parallel."

A total of 5,658,000 common shares in the capital of the Company (the "Common Shares") were issued pursuant to the Public Offering at a price of C$5.30 per Common Share (the "Offering Price") for gross proceeds of approximately C$29,987,400 which includes the exercise, in full, of the underwriter's over-allotment option of 738,000 Common Shares. The Public Offering was conducted by BMO Capital Markets and Cormark Securities, as lead underwriters, and Canaccord Genuity Corp., Eight Capital and Scotia Capital Inc.

The Public Offering was completed pursuant to a short form prospectus dated June 1, 2021 in British Columbia, Alberta, Ontario and Newfoundland and Labrador and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended and applicable state securities laws. The Public Offering and the Private Placement remain subject to the final approval of the TSX Venture Exchange.

Rupert Resources also issued 3,522,000 Common Shares at the Offering Price in a concurrent Private Placement on substantially the same terms as the Public Offering for gross proceeds of C$18,666,600, which includes 442,000 Common Shares pursuant to the option granted to the private placement participants to purchase additional Common Shares representing up to 15% of the number of Common Shares subscribed by each of them.

Agnico Eagle exercised its participation right to subscribe for 917,302 Common Shares, retaining a 15.40% interest in the Company on a partially diluted basis (when including the 11,543,704 warrants exercisable at C$1.00 per Common Share acquired by Agnico Eagle in February 2020 as previously disclosed).

The issuance of the Common Shares to Agnico Eagle constitutes a related-party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). This Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to, nor the consideration paid by, Agnico Eagle would exceed 25.0% of the Company's market capitalization. The Company did not file a material change report 21 days prior to closing of the Public Offering, which the Company deemed reasonable in the circumstances in order to complete the Private Placement in a timely manner.

The net proceeds of the Public Offering and of the Private Placement will be used for on-going exploration expenditures on the Company's properties in Finland and for general corporate purposes.

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

About Rupert Resources

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

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

Web: http://rupertresources.com/

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

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. This press release contains forward-looking information in a number of places, such as in statements relating to use or proceeds from the Public Offering and Private Placement, the final approval of the Public Offering and Private Placement from the TSX Venture Exchange and the Company's expectations, strategies and plans for the Finland Projects, including the Company's planned exploration and development activities. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the three and nine months ended November 30, 2020 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE Rupert Resources

View original content: http://www.newswire.ca/en/releases/archive/June2021/04/c1119.html

The board of Compass Minerals International, Inc. (NYSE:CMP) has announced that it will pay a dividend of US$0.72 per share on the 18th of June. Based on this payment, the dividend yield on the company's stock will be 4.2%, which is an attractive boost to shareholder returns.

See our latest analysis for Compass Minerals International

Compass Minerals International's Distributions May Be Difficult To Sustain

We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. This situation certainly isn't ideal, and could place significant strain on the balance sheet if it continues.

Looking forward, earnings per share is forecast to fall off a cliff over the next year. This could mean that the management team has to make some tough choices about cutting the dividend or putting extra pressure on the balance sheet.

Compass Minerals International Has A Solid Track Record

The company has a sustained record of paying dividends with very little fluctuation. Since 2011, the first annual payment was US$1.56, compared to the most recent full-year payment of US$2.88. This works out to be a compound annual growth rate (CAGR) of approximately 6.3% a year over that time. Dividends have grown at a reasonable rate over this period, and without any major cuts in the payment over time, we think this is an attractive combination as it provides a nice boost to shareholder returns.

Dividend Growth Potential Is Shaky

Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Let's not jump to conclusions as things might not be as good as they appear on the surface. Over the past five years, it looks as though Compass Minerals International's EPS has declined at around 17% a year. Such rapid declines definitely have the potential to constrain dividend payments if the trend continues into the future.

The Dividend Could Prove To Be Unreliable

In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Compass Minerals International's payments, as there could be some issues with sustaining them into the future. In the past the payments have been stable, but we think the company is paying out too much for this to continue for the long term. We don't think Compass Minerals International is a great stock to add to your portfolio if income is your focus.

Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. Just as an example, we've come across 3 warning signs for Compass Minerals International you should be aware of, and 1 of them can't be ignored. We have also put together a list of global stocks with a solid dividend.

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

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

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, wishes to remind its shareholders ("Shareholders") to vote their shares in respect of the Company’s annual general meeting that is being held at 10:00 a.m. EDT on Thursday, June 10, 2021 (the "AGM"). All shareholders of record at the close of business on April 16, 2021 (the "Record Date") are entitled to vote their shares at the AGM.

In connection with the AGM, Americas filed its meeting materials on SEDAR at www.sedar.com; EDGAR at www.sec.gov; and on the Company’s website at https://americas-gold.com/investors/shareholder-meeting-documents/. The meeting materials were also mailed to Shareholders as of the Record Date in accordance with applicable securities laws.

Considering the ongoing public health concerns related to COVID-19 and in order to comply with the measures imposed by the federal and provincial governments and social distancing protocols, Americas is encouraging Shareholders and others not to attend the AGM in person. Americas is offering Shareholders the option to listen to the AGM (but not vote) in real time by conference call:

• Local – Toronto: (+1) 416 764 8658

• Toll Free – North America: (+1) 888 886 7786

Shareholders are encouraged to vote their shares in advance of the proxy voting deadline of 10:00 a.m. EDT on June 8, 2021 to ensure their votes are received on time to be counted at the AGM. Every Shareholder’s vote is important, regardless of the number of shares that the Shareholder holds.

If any of Shareholders have not received their proxy or voting instruction form, or if a Shareholder needs assistance in voting their shares, such Shareholder should confirm their proxy's status with their broker, or call the Company’s proxy solicitor, Carson Proxy Advisors Ltd., at (416) 778-1556 or christine@carsonproxy.com for help.

About Americas Gold and Silver Corporation

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210604005135/en/

Contacts

Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416‐874‐1708
info@americas-gold.com

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

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Dundee Precious Metals Inc. (TSE:DPM) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

See our latest analysis for Dundee Precious Metals

Is Dundee Precious Metals fairly valued?

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

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

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$1.2b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.5%. We discount the terminal cash flows to today's value at a cost of equity of 6.5%.

Terminal Value (TV)= FCF₂₀₃₀ × (1 + g) ÷ (r – g) = US$117m× (1 + 1.5%) ÷ (6.5%– 1.5%) = US$2.4b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$2.4b÷ ( 1 + 6.5%)¹⁰= US$1.3b

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$2.5b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of CA$8.5, the company appears quite good value at a 49% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

Important assumptions

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Dundee Precious Metals as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.5%, which is based on a levered beta of 1.060. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Next Steps:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. What is the reason for the share price sitting below the intrinsic value? For Dundee Precious Metals, there are three fundamental elements you should explore:

1. Risks: To that end, you should be aware of the 2 warning signs we've spotted with Dundee Precious Metals .

2. Future Earnings: How does DPM's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the TSX every day. If you want to find the calculation for other stocks just search here.

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

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

Vancouver, British Columbia–(Newsfile Corp. – June 4, 2021) – Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement by issuing 10,000,000 units at a price of $0.15 per unit ("Unit") for gross proceeds of $1,500,000 (the "Financing"). Crescat Capital LLC ("Crescat") acquired 7,000,000 of the Units.

Proceeds from the Financing will be used for a 2,500-metre diamond drill program at Pacific Ridge's flagship Kliyul copper-gold project, located in the Quesnel Trough, British Columbia, an exploration program at the recently acquired RDP copper-gold project, and for general working capital. The Company expects that the drill program at Kliyul will commence sometime in July.

"Pacific Ridge's Kliyul project displays telltale signs of a potentially high-grade Cu-Au porphyry at depth," commented Quinton Hennigh, technical advisor to Crescat. "Although Kliyul has only seen limited drilling to date, evidence of a high-grade porphyry driver includes the presence of the copper rich mineral, bornite, in certain drill intercepts and gold grades that are sometimes considerably higher than most BC porphyry systems. The hypothesis Pacific Ridge has developed is that the underlying porphyry at Kliyul may be like that which generated the deep high-grade Red Chris porphyry further to the northwest. Pacific Ridge has a well-devised deep drill plan scheduled for this season, and we are anxious to see if this exciting hypothesis proves correct."

"I'm very pleased to welcome Crescat as a strategic shareholder of Pacific Ridge," said Blaine Monaghan, President and CEO of Pacific Ridge. "With approximately CAD$2.8 million in treasury, we are well funded to complete the drill program at Kliyul and advance our other copper-gold projects, RDP and Redton."

Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional common share at an exercise price of $0.23 for a period of 24 months. Securities issued in this private placement include a legend restricting trading of the securities until October 4, 2021. No finders' fees were payable in connection with the Financing. The Financing is subject to TSX Venture Exchange acceptance.

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

About Crescat Capital LLC

Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat's mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat's goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. Crescat's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, Large Cap and Precious Metals funds.

Crescat is advised by its technical consultant Dr. Quinton Hennigh on gold and silver resource companies. Dr. Hennigh became an economic geologist after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years of exploration experience with major gold mining firms that include Homestake Mining, Newcrest Mining and Newmont Mining. Recently, Dr. Hennigh founded Novo Resources Corp (TSXV: NVO) and currently serves as Chairman. Among his notable project involvements are First Mining Gold's Springpole gold deposit in Ontario, Kirkland Lake Gold's acquisition of the Fosterville gold mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One's Tuvatu gold project on Fiji, among many others.

About Pacific Ridge

Our goal is to become one of the leading copper-gold exploration companies in British Columbia. Pacific Ridge's flagship project is the advanced-stage Kliyul copper-gold project, located in the Quesnel Trough, approximately 50 km southeast of Centerra Gold's Kemess project. Historic drilling at Kliyul encountered significant porphyry copper-gold mineralization, drill hole KL-15-34 returned 245 metres of 0.75% CuEQ¹ (see Pacific Ridge press release dated December 2, 2020).

On behalf of the Board of Directors,
"Blaine Monaghan"
Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.

Corporate Contact:

Blaine Monaghan
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com
https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-
https://twitter.com/PacRidge_PEX

Investor Contact:

G2 Consultants Corp.
Telephone: +1 778-678-9050
Email: ir@pacificridgeexploration.com

¹Copper equivalent (CuEQ) is equal to ((Cu (per cent) multiplied by $2.25 multiplied by 22.0642) plus (Au (g/t) multiplied by $1,650 multiplied by 0.032151)) divided by ($2.25 multiplied by 22.0642).

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.

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding a drill program at Kliyul this July and an exploration program at RDP. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86473

TORONTO, June 04, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") today announced its intention to complete a private placement financing (the "Private Placement") of 21,659,385 common shares of the Company ("Common Shares") at a price of $0.283 per Common Share (the "Issue Price") to raise gross proceeds of approximately $6.1 million. Closing of the Private Placement is anticipated to occur on or about June 11, 2021.

The Company has an immediate need for funding and intends to use the net proceeds of the Private Placement to address its near-term working capital commitments, with any remaining funds to be used to advance the development of its portfolio of properties and associated activities located in the Ring of Fire.

The Common Shares to be issued pursuant to the Private Placement will be distributed in offshore jurisdictions pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada and, as such, will not be subject to a statutory hold period in accordance with applicable securities laws. TD Securities Inc. is acting as agent and financial advisor to Noront in connection with the Private Placement.

The Private Placement remains subject to the receipt of all necessary approvals, including the final approval of the TSX Venture Exchange (the "Exchange").

Top-Up Rights

Pursuant to an investor rights agreement between the Company and Wyloo Canada Holdings Pty Ltd. ("Wyloo Canada") dated April 16, 2021, the Company will provide notice to Wyloo Canada of the Private Placement. Wyloo Canada will be entitled to acquire Common Shares to maintain its pro rata equity interest in the Company calculated on a partially-diluted basis (the "Wyloo Top-Up Right"). If Wyloo Canada exercises the Wyloo Top-Up Right in full, then an additional 12,529,229 Common Shares would be issued to Wyloo Canada at the Issue Price for additional gross proceeds of approximately $3.5 million.

Pursuant to a subscription agreement between Baosteel Resources International Co. Ltd. ("Baosteel") and the Company dated June 2, 2011, the Company will provide notice to Baosteel of the Private Placement. Baosteel will be entitled to acquire Common Shares to maintain its pro rata equity interest in the Company (the "Baosteel Top-Up Right"). If Baosteel exercises the Baosteel Top-Up Right in full, and assuming the Wyloo Top-Up Right is exercised, then an additional 1,960,769 Common Shares would be issued to Baosteel at the Issue Price for additional gross proceeds of approximately $0.55 million.

Further Response to Wyloo Proposal

As previously disclosed, on May 25, 2021 Wyloo Metals Pty Ltd. ("Wyloo Metals"), a holder of approximately 23% of Noront's outstanding Common Shares, announced its intention to make an offer to acquire all of the outstanding Common Shares that it does not already own. However, the Company wishes to clarify that Wyloo Metals has not yet commenced a take-over bid and such a bid may never materialize.

Wyloo Metals is not permitted to commence a take-over bid until a formal valuation of Noront is completed by an independent valuator, which may take several weeks to complete. Should Wyloo Metals proceed with a take-over bid, the Board of Directors of Noront will carefully review such offer and provide a recommendation to its shareholders.

In connection with the announcement of its proposed offer, Wyloo Metals indicated its willingness to make a $5 million convertible loan available to the Company. The Board of Directors of Noront, with input from its external advisors, determined that, as a development stage company that does not generate operating revenues, it would be inadvisable to burden the Company with additional debt, without the ability to repay such indebtedness in the near-term, particularly where the Company is able to raise equity under the Private Placement. To that end, the Company's efforts to raise equity pre-dated Wyloo Metals' intention to make an offer to Noront shareholders.

Interest Shares

The Company also wishes to announce that interest in the amount of $370,447.73 payable to Wyloo Canada for the first quarter of 2021 pursuant to the loan agreement entered into between Noront and Resource Capital Funds V L.P. ("RCF") dated February 26, 2013, and assigned by RCF to Wyloo Canada on April 22, 2021, is proposed to be satisfied by the delivery of 1,411,767 Common Shares (the "Interest Shares") to Wyloo Canada at an effective price of $0.2624 per Interest Share. The issuance of the Interest Shares remains subject to the approval of the Exchange. The Interest Shares, when issued, will be subject to a four month hold period. The calculation of the number of Interest Shares issued was based on the volume weighted average trading price of the Common Shares during the 20 trading days prior to March 31, 2021.

About Noront Resources
Noront Resources Ltd. is focused on development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com

CAUTIONARY LANGUAGE AND FORWARD-LOOKING STATEMENTS

This news release includes certain statements that may be deemed "forward-looking statements". Except for statements of historical fact relating to Noront, information contained herein constitutes forward-looking information, including any information related to Noront's strategy, plans or future financial or operating performance. Forward-looking information is characterized by words such as "plan", "expect", "budget", "target", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "will", "could" or "should" occur. In order to give such forward-looking information, the Company has made certain assumptions about its business, operations, the economy and the mineral exploration industry in general on each of the foregoing. Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those described in, or implied by, the forward-looking information. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in, or implied by, the forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding Noront's expected performance and Noront's plans and objectives and may not be appropriate for other purposes. All forward-looking information contained herein is given as of the date hereof, as the case may be, and is based upon the opinions and estimates of management and information available to management of the Company as at the date hereof. The Company undertakes no obligation to update or revise the forward-looking information contained herein and the documents incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.

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

This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom.

For Further Information Contact:

Greg Rieveley
Chief Financial Officer
greg.rieveley@norontresources.com
(416) 367-1444

Shareholders:

Laurel Hill Advisory Group
1-877-452-7184 (toll-free in North America) or 1-416-304-0211 (collect call outside North America)
assistance@laurelhill.com

Media:

Ian Hamilton
ihamilton@longviewcomms.ca
(905) 399-6591

Janice Mandel
janice.mandel@stringcom.com
(647) 300-3853