Figure 1:

Felix Property IP Survey Area

MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) — Vanstar Mining Resources Inc. (“Vanstar”, or the “Company”) (TSX.V – VSR) is pleased to announce that it has concluded an Induced Polarity (“IP”) survey on the Felix property. The IP survey focused on a western portion of the property underlain by a folded banded iron formation and preliminary results identified a number of chargeability anomalies that are consistent with previously reported MEGATEM conductors. As a result, the Company is refining phase 2 of its drill program on the property and intends to drill the targets as soon as possible. A drill rig has been secured that will be available to begin the program in September.

Figure 1: Felix Property IP Survey Area

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7945a74-5262-499b-9fb8-2795aade5c25

In addition, phase one of the drill program did not return significant gold values. Phase one was designed to test a historical hole that was drilled in the late 1970’s which reported gold values ranging from 0.9 g/t to 1.8 g/t. The historic and phase one holes were drilled in metasediments and not in the iron formations that are the target of the phase two program.

About the Felix Project

The Felix project is located in an environment of volcanosedimentary origin comprising a unit of volcanic rock in the north, another in the south and the central part is occupied by sedimentary rocks. Late intrusions in the form of batholiths, plutons or dikes are also noted all around the property. The property rests mainly on the rocks of the Chicobi Group. The sedimentary basin contains mudstones and graphitic turbiditic sandstones, with a minor magnetite-chert and hematite-jasper banded iron formation and a conglomerate. A significant Algoma-type iron formation is present in the northern part of the property. The gold grades intersected in the historic drilling are located near the southern contact of the latter. In addition, the Chicobi-Nord regional fault crosses the northern part of the property. This fault, of regional dimension, borders the Normetal mining camp to the south. The project is located in the eastern extension of this mining camp where there are former massive sulphide mines and numerous gold showings, such as those of the former Perron gold mine which are actively worked on by Amex Exploration. Shear zones parallel to the Chicobi-Nord fault are also found in the sediments of the Chicobi Group and as evidenced by the Authier gold showings located west of the property.

Mr. Gilles Laverdière, consultant geologist and qualified person under NI 43-101 has read and approved this press release.

About Vanstar

Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the “Discovery of the Year” award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters.

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.

SOURCE :

JC St-Amour
President and CEO
+1 (647) 296-9871
jc@vanstarmining.com
www.vanstarmining.com

VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or "the Company") is pleased to announce its 2021 exploration plans for the Company's wholly owned GK property, a copper-gold project located in the Golden Triangle mining district of northwestern British Columbia (Figure 1). The GK property is surrounded by several important copper and/or gold deposits, including Golden Bear, Red Chris, Schaft Creek, Spectrum-GJ, GT-Tatogga and Galore Creek. The property is situated 15 km from the town of Telegraph Creek and covers an area of approximately 274.5 km². The southeastern-most portion of the property is accessible by road.

The GK property covers several porphyry targets, as well as related skarn and vein mineralization. The majority of work to date has focused on the Grass Mountain area, where large, very strong copper-gold geochemical anomalies surround the Triassic to Jurassic aged Grass Mountain pluton (Figure 2). Numerous showings have been identified within the pluton as well as in the surrounding Triassic volcanic and volcaniclastic rocks of the Stikine terrane. Extensive gold and copper mineralization occurs in veins, shears, fracture fillings, dykes and locally as disseminations in country rocks. Assay values from rock samples collected in this area have returned up to 47.5 g/t gold, 15.85% copper and 120 g/t silver. Peak soil values include 6.18 g/t gold, 0.689% copper and 59.9 g/t silver. Recent work on the property focused on gold-bearing quartz veins, including a two-hole drill program that intersected 13.1 g/t gold and 6.05% copper over 0.74 m. These are the only holes that have ever been drilled on the property.

An interpretation of property-wide, helicopter-borne magnetic and radiometric data set has just been completed by SJV Consultants Ltd., on behalf of Strategic. 3D interpretation of the magnetic data shows that the Grass Mountain pluton forms a circular magnetic high, which models as a large, steep-sided body that gradually widens with depth. Across the northern portion of the pluton, circular to elliptical pipes extend upwards and form apophyses from the buried intrusion. Several of the showings identified by historical work are now revealed to be associated with the surface expression of these apophyses (Figure 3). Only limited prospecting and rock sampling in the vicinity of these apophyses has been performed; however, rock samples collected from these areas have returned up to 1.31 g/t gold and 1.5% copper, and on the periphery of one of these apophyses, a surface chip sample assayed 20.2 g/t gold and 0.68% copper over 0.7 m. An induced polarization (IP) survey conducted across a glacial-till covered area within one of the copper-gold geochemical anomalies has defined a steeply dipping resistivity low and associated chargeability high, down-dip of the magnetic high (Figure 2). This highly prospective target has not been drill tested. Interpretation of the property-wide radiometric data has also identified several areas of interest outside of the main showings. The most interesting target is a large area at the southwest edge of the Grass Mountain pluton, where low Th/K values overlie a recently identified magnetic high. These characteristics suggest the presence of extensive potassic alteration associated with a buried intrusion or another apophysis off the Grass Lake pluton.

Soil geochemical and geophysical data point towards the presence of one or more large porphyry copper-gold system(s) on the property, but because most historical work focused on the gold-rich vein systems, the porphyry potential remains largely untested. The 2021 field program is designed to evaluate the porphyry concept and will comprise geological mapping and prospecting, including detailed structural and alteration mapping, soil geochemical surveying and targeted hand trenching and chip sampling. The work will ground check several high priority targets identified by the 3D geophysical modeling in the Grass Mountain area and elsewhere on the property, in the context of porphyry copper-gold mineralizing systems. These targets include areas west of the Grass Mountain area, where little to no modern mapping and sampling. One of these westerly targets is in the vicinity of the VB showing, where skarn mineralization is found adjacent to the Tahltan Lake pluton (Figure 3). Six historical rock samples taken from outcrops in this area, which are intermittently exposed over a distance of 740 m, averaged 1.34 g/t gold, 2.29% copper and 31.86 g/t silver. Historical soil sampling over the VB showing outlined a strong copper anomaly, but no gold analyses were performed on these samples.

"The GK property is an exceptional but vastly under-explored prospect in an important porphyry belt, where new world-class discoveries have been made in recent years by deep drilling" states Doug Eaton, CEO and President of Strategic Metals. "We look forward to results from 2021 work at GK and from a number of other promising porphyry copper-gold projects in the Company's stellar portfolio."

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

About Strategic Metals Ltd.

Strategic is a project generator with a portfolio of more than 130 projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. The projects include more than 80 properties where precious metals are the major component, several promising copper prospects and a number of excellent critical metal targets. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of over $9 million and large shareholdings in a number of active mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio is approximately $25 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

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

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

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

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/649829/Strategic-Metals-Ltd-Announces-Exploration-Program-at-the-GK-Copper-Gold-Project-in-BCs-Golden-Triangle

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

QUEBEC CITY, June 01, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) has arranged a non-brokered placement. The financing will consist of the sale of up to 7,777,778 units of Stelmine (the "Units") at a price of $0.09 per Unit for gross proceeds of up to $700,000 (the " Offering"). Each Unit shall comprise one common share of Stelmine and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the Company at $0.11 for a period of 36 months from issuance.

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

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

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

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district Caniapiscau (east of James Bay) in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 km² in this part of northern Quebec, highlighted by the Courcy and Mercator Projects. Stelmine’s capital stock consists of 45,896,188 issued and outstanding shares.

Forward-looking statements

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

to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Cautionary statement

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.

For further information, contact:

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

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

iShares MSCI Global Silver Miners ETF SLVP topped the list of best-performing ETFs in May, gaining 18.4%. Being a leveraged play, metal miners tend to experience more gains than their bullion cousins in a rising metal market.

As the global economy is recovering from the pandemic buoyed by rapid vaccinations and reopening of the economies, industrial and manufacturing demand is picking up providing a boost to silver prices. The white metal is used in a wide range of industrial applications. About half of the metal’s total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers (read: 5 Great Value ETFs to Buy as Inflation Fears Grip Markets).

Additionally, rising inflationary pressures have driven up demand for silver as an inflation hedge. A weaker greenback also added to the strength as it makes dollar-denominated assets attractive for foreign investors, raising the appeal for precious metal.

Further, the global push for green energy, increasing demand in areas like 5G, a rebound in global computer shipments, and new sources of demand for sensors used in IoT and OLED lighting will continue to boost silver demand. Silver is largely used for manufacturing of solar panels and electric vehicles, and will play a key role in the shift to 5G wireless network technology.

Let’s take a closer look at the fundamentals of SLVP.

SLVP in Focus

This fund follows the MSCI ACWI Select Silver Miners Investable Market Index, providing investors exposure to companies that derive the majority of revenues from silver exploration or metals mining. It holds 29 stocks in its basket with Canadian firms making up the lion’s share at 67.3% while the United States round off the next spot with double-digit exposure. SLVP has AUM of $354 million and an average daily volume of about 208,000 shares. It charges 39 bps in annual fees (see: all the Materials ETFs here).

Though most of the stocks in the fund’s portfolio delivered strong returns, a few were up more than 20% in May. Below we have highlighted the five best-performing stocks in the ETF with their respective positions in the fund’s basket:

Best Performing Stocks of SLVP

Hecla Mining Company HL: This company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The stock occupies the second position in the basket with 9.8% share and soared 40% last month. It carries a Zacks Rank #3 (Hold) and a Growth Score of A.

Endeavour Silver Corporation EXK: This small-cap silver mining company is focused on the growth of its silver production, reserves and resources in Mexico. It jumped about 27.6% in May. Endeavour Silver currently has a Zacks Rank #4 (Sell) and Growth Score of A. The stock makes up for 2.8% share.

New Gold Inc. NGD: This company is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia. The stock rallied 23.2% in May and makes up for 3.1% in SIL portfolio. It has a Zacks Rank #3 and Growth Score of A (read: Commodity Prices on an Unstoppable Rally: ETFs to Benefit).

Coeur Mining Inc. CDE: This company operates as a primary silver and gold producer with precious metals mines in the Americas. The stock gained 19.2% in May. It currently carries a Zacks Rank #4 and has a Growth Score of B. Coeur Mining accounts for 19.2% allocation.

Newmont Corporation NEM: It is one of the world's largest producers of gold with several active mines in Nevada, Peru, Australia and Ghana. The stock delivered returns of 14% last month. The stock has a Zacks Rank #3 and Growth Score of A. Newmont occupies the fifth position and makes up 5.3% of SIL.

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VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) — Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to announce it has entered into a binding letter of intent (“LOI”) with Golden Arrow Resources Corporation (TSX-V: GRG) (“Golden Arrow”) granting to Golden Arrow an option (the “Option”) to acquire a 75% undivided interest in Mirasol’s Libanesa project (“Libanesa”) in Santa Cruz province, Argentina. Under the terms of the LOI, Golden Arrow may exercise the Option by incurring certain exploration expenditures and making staged cash payments over six years.

Mirasol’s President, Tim Heenan stated: “Libanesa is an advanced exploration project with multiple attractive drill targets. Golden Arrow has been a successful explorer in Argentina for well over a decade and will be a strong partner to advance Libanesa. Mirasol is securing the permits necessary for the start of exploration during H2 2021.”

Summary of Terms

Under the terms of the LOI, Mirasol will grant Golden Arrow an option to earn a 75% interest in Libanesa over six years (the “Option Period”) by:

• incurring exploration expenditures totaling US$4,000,000

  • US$500,000 per year during the first 2 years; and

  • US$750,000 per year thereafter.

• making cash payments to Mirasol totaling US$1,000,000

  • US$100,000 to be paid on the 2^nd, 3^rd and 4^th anniversaries;

  • US$250,000 on the 5^th anniversary; and

  • US$450,000 on the 6^th anniversary.

The initial US$500,000 in exploration expenditures is a firm commitment, but it may be incurred over 24 months instead of 12 months, if the required exploration permits are not in place by October 2021. In addition, Golden Arrow is required to complete a minimum of 2,000m of drilling by the end of the second year. Golden Arrow will be the operator during the Option Period.

Upon completion of the option, Mirasol and Golden Arrow will hold 25% and 75%, respectively, in a participating JV company holding Libanesa. If either party’s equity interest is diluted below 10%, it will convert to a 2% net smelter return royalty.

The transaction contemplated in the LOI is subject to customary due diligence and the finalization of a definitive agreement. Mirasol has granted Golden Arrow a 90-day exclusivity period.

Project Overview

Libanesa is a 14,500 ha Ag-Au (Pb) project, discovered and staked by Mirasol. It is located at the north eastern margin of the Deseado Massif Au-Ag metallogenic province, approximately 70 km west from the port of Puerto Deseado, 40 km northwest of the Cerro Moro Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas mine operated by Cerrado Gold.

Figure 1: Libanesa location in Santa Cruz Province

Libanesa is a drill ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Cerro Plomo is the principal target and is characterized by a well mineralized Au/Ag hydrothermal breccia that is exposed at surface, and supported by both chargeability and resistivity geophysical anomalies at depth. Peripheral polymetallic veins at the Libanesa Main prospect represent secondary targets and are supported by strong base metal +/- Au mineralization. The Lagunita prospect is a third prospective zone, which has reported some encouraging rock chip Au values from more typical low sulfidation type epithermal veins and breccias. This prospect requires additional surface exploration to vector into the potentially better mineralized parts of this extensive vein system, where intermittent vein occurrences, outcropping/subcropping through post mineral cover, have been mapped over a strike length of at least 2.3 km.

A summary of the project data compiled to date is provided below (see news releases July 23, 2007, July 21, 2008 , February 27, 2009 and October 20, 2009).

• Libanesa Main prospect:

The Libanesa Main prospect lies along a dilational northwest structure and within a north-northwest corridor bounded by large-scale transfer faults that are clearly identified by the ground magnetic surveys. The main outcropping geological unit comprises partially welded and massive, crystal-rich, rhyolitic flow tuffs intruded by an andesitic to trachytic dike swarm that displays a radial distribution.

Figure 2: Libanesa Main structural setting

The principal target at Libanesa Main is the Cerro Plomo hydrothermal breccia pipe, which is approximatively 50m in diameter and forms an obvious geomorphic positive relief feature at this prospect. The Cerro Plomo breccia pipe has returned strong Au/Ag mineralization from both rock chip sampling and trench sampling (see Table 1, Figure 3 and 4), displaying a geochemical signature characterized by an Ag(±Au)-base metal association. A trenching program completed to explore under shallow lacustrine sediments confirmed the continuity of the mineralization, which remains open under a clay pan (dry lake) to the south. Highlighted results from the trench sampling include:

• 6m at 0.8 g/t Au, 243.8 g/t Ag and 0.4% Pb

• 10.5m at 0.98 g/t Au, 53.4 g/t Ag and 0.9% Pb

• 11m at 1.21 g/t Au, 13.5 g/t Ag and 1.4% Pb

Figure 3: Cerro Plomo geology and trench sampling results

These positive geochemical results are coincident with shallow and deep-seated geophysical anomalies below the Cerro Plomo target that are defined by the Magnetotellurics (MT) and Audio MT (AMT) geophysical surveys completed by Mirasol (2009/2010 and 2019), further strengthening the target.

In addition, a series of epithermal polymetallic veins (Bajo Aspero, Anibal, NE Zone), located peripheral and outboard from the Cerro Plomo breccia system, and associated with patchy argillic/pyritic alteration, have returned a strong Ag-Au-Pb-Zn and As-Sb-Te geochemical signature. Notably, the Au values do not correlate well with other metals, but Ag values are strongly correlated with Pb, Cu and Sb (+/-As,Te). This distribution of mineralization suggests the presence of at least two mineralization events related to the polymetallic veins and the Cerro Plomo hydrothermal breccia at the Libanesa Main prospect.

Figure 4: Libanesa Main target areas and Au-Ag rock chip geochemistry

• Lagunita Prospect:

The Lagunita prospect, located approximately 6 km north of Cerro Plomo, is a 10 km² erosional window exposed through the quaternary gravel cover, where reconnaissance prospecting has identified multiple quartz veining and structural breccia occurrences. The local geology is comprised of small outcrops of Jurassic aged fine ash, rhyolitic tuffs, andesitic dykes and minor calcareous rocks. A strong northwest structural trend appears to focus pervasive silicification and emplacement of crystalline, drusy and saccharoidal quartz veinlets. At Lagunita, rock chip geochemistry returned good Au values (see Table 1) with lower Ag values and base metals including Pb, Zn and Cu, thus displaying a more typical low sulfidation epithermal signature and clearly distinguishing the Lagunita veins from the breccias and polymetallic veins located at the Libanesa Main prospect.

Table 1: Au and Ag geochemistry result statistics

About Mirasol Resources Ltd

Mirasol is a well-funded exploration company focused in Chile and Argentina. Mirasol has seven partner-funded projects, two with Newcrest Mining Ltd (Chile), and one with each First Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile), Silver Sands Resources (Argentina), and Patagonia Gold (Argentina). Mirasol is currently self-funding exploration at two projects, Inca Gold (Chile) and Sacha Marcelina (Argentina).

For further information, contact:

Tim Heenan, President
or
Jonathan Rosset, VP Corporate Development

Tel: +1 (604) 602-9989
Email: contact@mirasolresources.com
Website: www.mirasolresources.com

Qualified Person Statement: Mirasol’s disclosure of technical and scientific information in this press release has been reviewed and approved by Tim Heenan (MAIG), the President for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101.

Forward Looking Statements: The information in this news release 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 and to policies linked to pandemics, social and environmental related matters. 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. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

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.

When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, long term Hochschild Mining plc (LON:HOC) shareholders have enjoyed a 29% share price rise over the last half decade, well in excess of the market return of around 19% (not including dividends).

View our latest analysis for Hochschild Mining

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the last half decade, Hochschild Mining became profitable. That's generally thought to be a genuine positive, so we would expect to see an increasing share price.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

This free interactive report on Hochschild Mining's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Hochschild Mining's TSR for the last 5 years was 38%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

While the broader market gained around 25% in the last year, Hochschild Mining shareholders lost 3.8% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 7% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Hochschild Mining better, we need to consider many other factors. Even so, be aware that Hochschild Mining is showing 3 warning signs in our investment analysis , you should know about…

Of course Hochschild Mining may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

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

Vancouver, British Columbia–(Newsfile Corp. – June 1, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOL) (the "Company" or "Contact Gold") is pleased to announce the completion of the first phase of the 2021 drill program at its Green Springs gold project in White Pine County, Nevada.

Phase 1 drilling totaled 59 drill holes for 7,511 metres completed from early March to late May. On May 18^th Contact Gold announced results from the first six holes of the program with a headline intercept of 1.45 g/t Au over 47.24 metres in hole GS21-05 from the Mine Trend. Results from an additional 53 drill holes are pending as of the date of this news release.

Contact Gold continues to focus on expanding the footprint of gold mineralization at Green Springs through systematic step out drilling along the Mine Trend and completing first pass drilling at high potential greenfield targets.

Phase 1 drill holes were targeted as follows:

• Following up on the multiple broad, oxidized, gold intercepts from 2020 drilling along the 3km Mine Trend (15 holes) and at the Alpha Zone (5 holes) located 1.5km northeast of the Mine Trend

• Expanding the southern end of the Mine Trend by drilling further south, where we have 1.5 km of untested strike extent (13 holes)

• Drilled 19 holes into the never before drilled Tango target, which is the most robust geochemical, geophysical and surface gold mineralized target on the project

• 5 Holes drilled into the Connector target between the Mine Trend and the Alpha Zone

• 2 holes at the Golf Zone following up on shallow oxidized mineralization hosted within the Chainman Shale

"The first phase of drilling in 2021 at Green Springs has gone extremely well. We delivered excellent grades and widths of oxide gold in the Mine Trend in the first 6 holes and completed the program under budget. We drilled 10 holes (1,500 metres) more than originally forecast, testing several additional high-confidence gold targets," stated Matt Lennox-King, CEO of Contact Gold. "With results from 53 holes pending we anticipate a steady flow of drill results from Green Springs over the coming weeks and months. In the meantime, we will be active on the ground, sampling, mapping and upgrading our targeting ahead of the next drill program at Green Springs."

The Mine Trend:

The Mine Trend is defined by a 3km long north-south oriented zone of near surface oxidized gold mineralization, hosted within the Chainman Shale. The Pilot Shale, a well-known regional host rock, underlies the Mine Trend at an approximate depth of 100 metres and was intermittently tested by Contact Gold in 2020. The Pilot Shale beneath the Mine Trend represents an excellent opportunity for additional discoveries.

Drilling by Contact in 2020 expanded the Mine Trend from 2 kilometres to 3 kilometres in length through new discoveries at Zulu and at the northern end of the Trend. Wide intervals of gold mineralization above 2 g/t Au were originally discovered at Echo in 2019 (5.05 g/t Au over 39.6m) (see October 2, 2019 news release), and have been expanded by Contact Gold in each successive drill program.

Green Springs 2021 Drilling

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5350/85982_2021Phase1GSDrilling.jpg

About the Green Springs Project:

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, 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.

Contact Gold signed a purchase option agreement with Ely Gold Royalties ("Ely Gold") to acquire an undivided 100% interest in Green Springs in July 2019. Green Springs is an early-stage exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"). There has been insufficient exploration to define a mineral resource estimate at Green Springs. Additional information about Green Springs is summarized in the NI 43-101 Technical Report entitled "NI 43-101 Technical Report for the Green Springs Project, White Pine County, Nevada, USA" prepared for Contact Gold, with an effective date of June 12, 2020, and dated August 5, 2020, as prepared by John J. Read, C.P.G; an independent consultant and qualified person under NI 43-101, and can be viewed under Contact Gold's issuer profile on SEDAR at www.sedar.com.

The scientific and technical information contained in this news release has been reviewed and approved by Vance Spalding, CPG, VP Exploration, Contact Gold, who is a "qualified person" within the meaning of NI 43-101. Drill intercepts were calculated using a minimum thickness of 3.05 metres averaging 0.14 ppm gold and allowing inclusion of up to 4.57 metres of material averaging less than 0.14 ppm gold for low grade intervals and higher-grade intervals were calculated using a minimum thickness of 3.05 metres averaging 1.00 ppm gold and allowing inclusion of up to 4.57 metres of assays averaging less than 1.00 ppm gold. Gravimetric assays are used for all Fire Assays above 4.00 ppm gold. Cyanide solubility assays are completed on all Fire Assays greater than 0.1 g/t. True width of drilled mineralization is unknown, but owing to the apparent flat lying nature of mineralization, is estimated to generally be at least 70% of drilled thickness. The Cyanide recovery percentages are equally averaged by interval, and are not weighted by gold content per interval. Quality Assurance / Quality Control consists of regular insertion of certified reference standards, blanks, and duplicates. All failures are followed up and resolved whenever possible with additional investigation whenever such an event occurs. All assays are completed at Paragon; an ISO 17025:2005 accredited lab. Check assays are completed at a second, reputable assay lab after the program is complete.

Redomicile Process:

The Company is pleased to announce receipt of final court approval of the Company's plan of arrangement (the "Arrangement") involving redomicile from Nevada to continue as a British Columbia corporation (the "Repatriation Transaction") 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. The Repatriation Transaction is expected to close on or about Friday, June 4, 2021.

About Contact Gold Corp.

Contact Gold is an exploration company focused on making district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are on the prolific Carlin and Cortez gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 140 km² of target rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage.

Additional information about the Company is available at www.contactgold.com.
For more information, please contact: +1 (604) 449-3361
John Glanville – Director Investor Relations
Chris Pennimpede – VP, Corporate Development
E-mail: info@ContactGold.com

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.

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, to the anticipated exploration activities of the Company on the Green Springs property.

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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85982

TORONTO, June 1, 2021 /CNW/ – Purepoint Uranium Group Inc. (TSXV: PTU) ("Purepoint" or the "Company") today provided an update on its ongoing drill program at the 100%-owned Red Willow project within the eastern uranium mine district of the Athabasca Basin, Saskatchewan Canada. The 2021 Red Willow drill program has conducted follow-up testing of the "Hinge fault" within the Osprey Zone, a target zone where Purepoint has identified a lens of uranium mineralization that returned up to 0.20% eU3O8 over 5.8 metres from a shallow depth of 70 metres.

"Starting at the Osprey Zone, we intend to perform follow up on multiple targets prior to the completion of the program." explained Scott Frostad, VP Exploration at Purepoint. "Having isolated nine distinct target zones within the Red Willow project, we need to properly prioritize these areas to ensure our exploration dollars are spent where the potential for discovery is greatest."

Osprey Zone 2021 Drill Results

The 2021 Red Willow program has conducted follow-up drilling within the Osprey Zone with three holes collared approximately one kilometre WSW of Purepoint's hole RW-13 that intersected 0.12% U3O8 over 4.2 metres (see Osprey Section A – A'). The RW-13 intercept, and the more easterly RW-07 intercept of 0.20 eU3O8 over 5.8 metres, are associated with strong hydrothermal alteration at a depth of 60 to 70 metres below surface. The weakly radioactive "Hinge fault", intersected in 2010, was also shown to be associated with strong hydrothermal alteration and therefore a possible conduit for fluids carrying uranium. Hydrothermal fluids are responsible for the presence of clay, hematite and silicification as shown in the Hinge Section B – B'.

Current drilling targeted the Hinge fault towards the north with three holes averaging 200 metres in length (see Osprey Zone plan map). An initial short step-out allowed the strike of the structure to be determined prior to attempting larger step-outs. Two drill holes completed on the same section, OSP21-01 and 02, both successfully intersected the fault at 70 and 140 metres below surface, respectively. The structure was determined to have a strike of 5 degrees NE and was still associated with strong alteration; however, the radioactivity was weaker.

Hole OSP21-03 targeted the projection of the Hinge Fault where it meets the east-west trending electromagnetic (EM) conductor that hosts the known Osprey uranium mineralization. The fault was intersected from 60 to 75 metres downhole with the host rock comprised of weakly chlorite and hematite altered pyritic graphitic pelitic gneiss. The fault at this location included intervals of strong silicification and again returned weak radioactivity. The new projection of the Hinge fault appears to be just west of the uranium-in-soil anomaly located to the north and it may be responsible for the elongate shape of the nearby lake.

Next Steps

The next exploration priority at the Osprey Zone is considered to be the Osprey Conductor North (see Osprey Plan Map). The EM conductor continues for an additional 2 kilometres north of previous Purepoint drilling and has only been tested by two historic (1993) drill holes.

Before testing the Osprey Conductor North, we are moving the drill rig to the next priority target for the 2021 Red Willow drill program in the Geneva Zone. Historic drilling here by Eldorado Resources (1984) intersected very strong basement alteration and anomalous radioactivity with RAD-27 returning 0.22% U3O8 over 1.0 metres within a graphitic fault zone. The Purepoint drill program will follow the radioactive graphitic structure towards the southwest where numerous EM conductors remain untested.

Red Willow Project

The 100% owned Red Willow property is situated on the eastern edge of the Athabasca Basin in Northern Saskatchewan, Canada and consists of 17 mineral claims having a total area of 40,116 hectares. The property is located close to several uranium deposits including Orano Resources Canada Inc.'s JEB mine, approximately 10 kilometres to the southwest, and Cameco's Eagle Point mine that is approximately 10 kilometres due south.

Geophysical surveys conducted by Purepoint at Red Willow have included airborne magnetic and electromagnetic (VTEM) surveys, an airborne radiometric survey, ground gradient array IP, pole-dipole array IP, fixed-loop and moving-loop transient electromagnetics, and gravity. The detailed airborne VTEM survey provided magnetic results that are an excellent base on which to interpret structures while the EM results outlined over 70 kilometres of conductors that in most instances represent favourable graphitic lithology.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) actively operates an exploration pipeline of 12 advanced projects in Canada's Athabasca Basin, the world's richest uranium region. Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company's projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin. These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.

Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

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 Press release.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

View original content to download multimedia:http://www.prnewswire.com/news-releases/purepoint-uranium-provides-first-update-at-red-willow-drill-program-301302548.html

SOURCE Purepoint Uranium Group Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/01/c8342.html

OTTAWA, ON, June 1, 2021 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that a ground geophysics program consisting of Spectral IP (Induced Polarization) and Resistivity has commenced at the Root & Cellar Gold-Silver Project ("Root & Cellar" or the "Project") in Newfoundland. The Company can earn a 100% interest in the Property which is being explored for epithermal gold-silver mineralization and porphyry copper deposits.

The geophysical survey, which is expected to take two weeks to complete, is planned to total 25 line-kilometres and covers the Conquest Zone and recently discovered Windfall Zone. The survey results will be used to guide drill-testing of these two zones later this summer.

The Conquest Zone represents the principal gold target at Root & Cellar. Soil sampling has outlined a distinct area measuring 1,500 x 600 m of anomalous gold-in-soil, associated with other pathfinder elements such as arsenic (As) and antimony (Sb). Within the Conquest Zone, past surface sampling by Northern Shield and the prospector located gold mineralization (in grab samples assaying 0.1 to 45.5 g/t Au) over an area measuring approximately 630 x 400 metres. Although epithermal in nature, the mineralization appears more akin to the high sulphidation variety, though colloform-crustiform banded veins, more typical of low sulphidation, have also been observed recently at the Conquest Zone. The Windfall Zone was discovered in late 2020, following up on strong gold-in-soil anomalies where twenty-five large angular boulders and one outcrop of sulphide-bearing quartz vein were uncovered along a 200 metre traverse across a regional fault zone. The quartz veins returned assays that range from 0.1 to 17.0 g/t Au and silver that range from 0.4 to 53.0 g/t Ag (see Company press release January 13, 2021).

"We eagerly look forward to the completion of the ground geophysical surveys so we can quickly move to the drilling phase and test these large, gold and silver bearing targets."

Ian Bliss – President & CEO

The survey program at Root & Cellar was contracted to Clearview Geophysics of Brampton, Ontario, and is being overseen by Joe Mihelcic, P. Geo. and a qualified person under NI 43-101. This press release has also been reviewed by Christine Vaillancourt, P. Geo. and the Company's Chief Geologist.

Final assays from the drill program that ended recently at the Shot Rock Property are expected shortly and results will be released as soon as all data has been compiled.

Northern Shield Resources Inc. is a Canadian-based company focused on generating high-quality exploration programs with experience in many geological terranes. It is known as a leader in executing grass roots exploration programs using a model driven approach. Seabourne Resources Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related deposits in Atlantic Canada.

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Root & Cellar Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward–looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward–looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

SOURCE Northern Shield Resources Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2021/01/c5455.html

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") to sell its interest in the Bend and Reef exploration properties located in Wisconsin, USA to a private company ("Newco") (the "Transaction"). Subject to necessary approvals, Newco intends to list on the TSX Venture Exchange (the "TSX-V") concurrent with the closing of the Transaction. All dollar amounts are reported in Canadian dollars.

Total consideration of $7,000,000 payable to Aquila will consist of:

• Cash consideration of $3,000,000, of which $1,000,000 will be advanced immediately as a deposit (the "Deposit"); and

• Shares in Newco with an estimated value on completion of the go-public transaction of $4,000,000.

Guy Le Bel, President & CEO of Aquila, commented, "We are very pleased to have reached an agreement in principle to monetize our non-core Wisconsin assets. The Transaction provides Aquila with immediate cash without diluting Aquila shareholders. It also provides us with meaningful upside exposure to an exciting new exploration focused company with the resources to explore the Bend and Reef properties as Aquila focuses on the development of Back Forty."

Completion of the Transaction is subject to certain conditions including, but not limited to, the completion of definitive documentation, completion of financing by Newco, listing of Newco on the TSX-V and receipt of all necessary third-party consents and approvals, including the approval of the TSX-V. In the event the Transaction does not close, Aquila will return the Deposit in shares of Aquila (subject to the receipt of all necessary approvals of the Toronto Stock Exchange) or in cash, depending on the circumstances.

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

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

Aquila has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.

Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". In particular, this news release contains forward-looking information pertaining to the following: the ability of the Company to close the Transaction on the terms outlined in the LOI or at all, the ability of Newco to list on the TSX-V, and other development plans and objectives. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: risks with respect to the COVID-19 pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005209/en/

Contacts

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

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

EnerSys ENS has failed to impress investors with its recent operational performance amid the coronavirus outbreak-led end-market challenges and other woes. These are expected to adversely impact its earnings.

The Zacks Rank #4 (Sell) company has a market capitalization of $4 billion. Over the past six months, it has gained 14.5% compared with the industry’s growth of 22%.

Image Source: Zacks Investment Research

Let’s delve into the factors that might continue to take a toll on the firm.

Weak Motive Power Segment: EnerSys has been experiencing persistent weakness across its Motive Power segment over the past few quarters. In fourth-quarter fiscal 2021 (ended March 2021), the segment’s revenues declined 5.7% on a year-over-year basis. In the near term, challenges related to the coronavirus outbreak might continue to adversely impact the segment’s top-line performance. It’s worth mentioning here that in November 2020, the company approved a plan to close its motive power facility in Hagen, Germany, based on low future demand for motive power batteries.

High Debt Level: The company’s high-debt profile poses a major concern. Notably, in the last five fiscal years (2017-2021), EnerSys’ long-term debt (net of unamortized debt issuance costs) increased 10.5% (CAGR). Exiting fiscal 2021, its long-term debt (net of unamortized debt issuance costs) remained high at $969.6 million. Also, the company currently seems to be more leveraged than the industry. The stock’s long-term debt-to-capital is 38.6%, higher than the industry’s 27.1%.

High Capital Expenditure: The company has been making significant investments for expanding the NexSys Thin Plate Pure Lead products manufacturing capability for its NorthStar facilities over the past few quarters. Although its investments are likely to be beneficial in the long run, high capital expenditure incurred is likely to affect its short-term liquidity. Notably, in fiscal 2021, the company’s capital expenditure totaled $70 million.

Forex Woes: Given its widespread presence in international markets, the company is exposed to unfavorable foreign currency movements. Fluctuations in foreign exchange rates might affect its top line in the quarters ahead.

Estimate Trend: In the past seven days, the company's earnings estimates have been lowered 2.4% for the first quarter of fiscal 2022 (ending June 2021), and the same for the fiscal second quarter (ending September 2021) has gone down 0.8%.

Key Picks

Some better-ranked stocks from the same space are AZZ Inc. AZZ, Eaton Corporation, plc ETN and Franklin Electric Co., Inc. FELE, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

AZZ delivered an earnings surprise of 5.08% in the last reported quarter.

Eaton delivered an earnings surprise of 15.20% in the last reported quarter.

Franklin Electric delivered an earnings surprise of 51.28% in the last reported quarter.

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MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) — Nemaska Lithium Inc. (“Nemaska Lithium” or “Company”) announces that it has entered into an option agreement to purchase a 500,000m² plot of land in the Industrial park and port of Bécancour (“Bécancour”) to construct and operate its chemical conversion facility (“Conversion Facility”). The Conversion Facility will form part of an integrated project to market solution with Nemaska Lithium’s Whabouchi mine to produce battery grade lithium hydroxide.

The selection of the Bécancour site comes at the end of a rigorous analysis by Nemaska Lithium to identify the best location for the Conversion Facility. The conclusion from the analysis found that the construction and operation of the Conversion Plant in Bécancour offers the following advantages:

• provides direct access to a year-round deep-water port;

• allows plant design, construction and operation to be carried out without the constraints associated with pre-existing buildings;

• simplifies plant construction and provides options for future development; and

• avoids issues associated with the construction and operation of a chemical plant within an urban community.

Gervais Jacques, Chairman of the Board of Nemaska Lithium: "The selection of Bécancour for the construction and operation of its Conversion Facility is an important milestone for the new development path of Nemaska Lithium. This decision will also allow Nemaska Lithium to contribute to the development of the battery materials industry in Quebec in a world-class industrial park. Working together with our key stakeholders, we are building the sustainable economy of the future."

About Nemaska Lithium

Operating in the chemical industry, Nemaska Lithium is a developing company whose activities will be vertically integrated, from spodumene mining to the commercialisation of battery grade lithium hydroxide. These lithium salts are primarily intended for the rapidly growing lithium-ion battery market, which is powered by the growing demand for electric vehicles and energy storage globally. Through its products and processes, the Company intends to facilitate access to green energy.

Nemaska Lithium intends to develop the Whabouchi mine in Quebec, Canada, one of the richest spodumene deposits in the world in terms of volume and grade. The spodumene concentrate that will be produced at the mine will then be processed at the Conversion Facility.

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release.

Forward-looking statements contained in this press release include, without limitation, those related to (i) the completion of the construction at the Whabouchi mine and Conversion Facility in Bécancour, and (ii) generally, the above “About Nemaska Lithium” paragraph which essentially describes Nemaska Lithium’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine and/or the Conversion Facility will be commissioned and will begin production, as future events could differ materially than what is currently anticipated by the Company.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. The Company cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

For more information, please contact:

Communications team
info@nemaskalithium.com

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) (the "Company" or "Pure Energy") is pleased to report that it has acquired a net smelter returns ("NSR") production royalty applicable to certain properties owned by Pure Energy at the Clayton Valley project, Nevada. The 2% NSR royalty, previously held by a private trust, covers 345 placer claims in Esmeralda County, Nevada. The purchase of the underlying royalty removes any future obligation by Pure Energy Minerals for royalty payments on these properties.

The purchase price consists of 75,000 common shares in Pure Energy stock and payment of US$30,000 to TR Trust in consideration for TR Trust's right, title and interest, as well as a 2% NSR royalty interest, in a Share Purchase Agreement dated February 15, 2016 between Lithium X Energy Corp. ("Lithium X"), 1061582 B.C. Ltd. and LT Capital Holdings, LLC ("Agreement"). Pure Energy became a party to this agreement in conjunction with the acquisition of the mineral claims and a $2 million strategic investment in Pure Energy from Lithium X in May of 2017. The issuance of shares is subject to the approval of the TSX Venture Exchange.

"Pure Energy is pleased to have retired the underlying royalty obligation covering part of the Clayton Valley Project by amicable arrangement with the previous royalty holder," commented Mary Little, Pure Energy's director. "The royalty purchase further streamlines the Company's ability to maximize shareholder value."

About Pure Energy Minerals

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley ("CV") Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's Clayton Valley Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation. Drilling of bore holes CV-01 through CV-08 were completed together with a revised mineral resource and a Preliminary Economic Assessment ("PEA") for the Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).

Pure Energy's strategic investor, Schlumberger Technology Corp. ("SLB"), is the operator of the Clayton Valley Project. On May 29, 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH∙H2O") and/or lithium carbonate products at a specified rate. SLB plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding SLB's earn-in, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of water during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and SLB's future pilot plant facility. In July of 2020, the CV-09 well was completed and results were published by Pure Energy on October 14, 2020.

Quality Assurance

Walter Weinig, Professional Geologist and Qualified Person, MMSA registration #01529QP, has reviewed and approved the scientific and technical information presented in this news release for Pure Energy Minerals Ltd. He is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

"Mary L. Little"
Director, Pure Energy Minerals Ltd.

CONTACT:

Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: info@pureenergyminerals.com
Telephone – 604 608 6611

Cautionary Statements and Forward-Looking Information

The information in this news release 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 may include future exploration and development on the CV Project. 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.

The Company does not undertake to update any forward-looking information, except as required by applicable laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85965

Vancouver, British Columbia–(Newsfile Corp. – June 1, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that assay results have been received for the maiden diamond drilling program at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

The Company is highly encouraged by the results to date in Zone 1 of the Raleigh Lake claim grouping, and especially by the consistent and highly anomalous quantities of rubidium and caesium encountered in the first round of drilling. The chemical analysis of the samples as a whole found the ppm of Rb to be 52.7% of the ppm of Li and the ppm of Cs to be 7.2% of the ppm of Li.

These results are also reflected in surface geochemical samples collected in Zones 1, 2, 3 and 4 with the more recently acquired Zone 5 not yet having any coverage at all. The Company believes that there is a high probability of discovering more near surface mineralized pegmatites in future drilling campaigns.

As previously reported in a Company news release dated April 19, 2021, a total of 1,504 metres of NQ core drilling were completed in eight holes (Table 1) to test the continuity of spodumene bearing pegmatites and their associated lithium, rubidium, caesium and tantalum mineralization down dip and along strike from outcrop and previous operators' drilling.

Highlights:

• 7 of 8 holes intersected significant lithium, rubidium, caesium and tantalum mineralization.

• Rubidium, caesium and tantalum mineralization at Raleigh Lake is closely associated with lithium mineralization.

• RL21-03 intersected*:

  • 1.05 metres grading 2.69% Li₂O (11,900 ppm ) from 31.04 metres;

  • 1.18 metres grading 4210 ppm Rb from 29.86 metres;

  • 0.55 metres grading 997 ppm Cs from 33.09 metres; and

  • 1.00 metres grading 207 ppm Ta from 32.09 metres downhole.

• The near surface interval is interpreted to be the downdip extent of Pegmatite 3, observed at surface and intersected by previous operators' drilling. The entire 3.78 metre interval grades 1.72% Li₂O, 2829 ppm Rb, 299 ppm Cs, and 85 ppm Ta from 29.86 metres downhole (Table 2).

• RL21-02 intersected Pegmatite 3 more than 100 metres from RL21-03 at a downhole depth of 91.25 metres and returned 3.3 metres of 1.29% Li₂O, 2862 ppm Rb, 232 ppm Cs, and 118 ppm Ta indicating significant downdip continuity of the mineralized pegmatite system.

* Based on the interpreted geometry of the pegmatite bodies, the orientation of the drill holes and structural measurements from oriented drill core, the reported drill intercept widths are deemed to be representative of the true width of the pegmatite bodies and associated mineralization.

A summary of recent drilling results is given in Table 2.

Table 1: Summary of Drill Hole location and orientation at Raleigh Lake.

Table 2: Summary of significant mineralized intersections at Raleigh Lake.

* Based on the interpreted geometry of the pegmatite bodies, the orientation of the drill holes and structural measurements from oriented drill core, the reported drill intercept widths are deemed to be representative of the true width of the pegmatite bodies and associated mineralization.

The royalty free, 100 percent owned Raleigh Lake project comprises a total of 3,027 hectares and hosts a number of outcropping pegmatite bodies. The recent drilling focused on what the Company now refers to as Zone 1 (Figure 2), an area of approximately one square kilometer (100 hectares) that hosts Pegmatites 1 and 3. The two shallow dipping pegmatite dykes have been mapped at surface with Pegmatite 1 exposed along strike for at least 300 metres and intersected 400 metres downdip by drilling conducted prior to ILC's drilling campaign. Seven of ILC's eight widely dispersed holes, covering an area approximately 600 x 300 metres, intersected pegmatite.

Logistics of the drill program were excellent as the project is road accessible and is just a short distance from the Trans Canada Highway. The Raleigh project is located less than 20 kilometres directly west of the Township of Ignace, Ontario. It distinguishes itself from other lithium projects in Canada by being very well situated near to major public infrastructure; the Trans-Canada Highway, with direct access to Thunder Bay on Lake Superior, is less than six kilometres north of the project as is the mainline of the Canadian Pacific Railway, natural gas pipelines, and the hydro power line junction at Raleigh Lake. By having relatively easy access to public services, and no need to spend significant sums of money on building new roads or electric power lines to service the site nor buildings to house contractors, the Raleigh project possesses a substantial advantage over more remote mining projects.

John Wisbey, Chairman and CEO of International Lithium Corp. commented as follows:

"The results from the chemical analysis of drilling results at Raleigh Lake Zone 1 are very encouraging indeed, and significantly exceed our expectations at the time of our previous news release on April 19, 2021.

The lithium results from Zone 1 of Raleigh Lake that come out of the chemical analysis remain encouraging and in line with expectations. We still need to do more work to get to a Maiden Resource Estimate, but it now seems likely that the grade of lithium oxide is as high as or higher than that of some other hard rock lithium deposits in Canada where there has been a decision to go to production. Since our infrastructure costs are certain to be low compared with more remote sites in Canada, this is promising.

The really significant news from these results however is not the lithium but rather the high level of rubidium found at Raleigh Lake together with a lower but still possibly valuable level of caesium. Rubidium in this analysis totals approximately 52% of the ppm of lithium while caesium oxide totals approximately 7.2% of the ppm for lithium. However, the Company notes that the market price of high quality rubidium carbonate per kg is 76 times the market price of lithium carbonate while that of high quality rubidium and caesium metal is more than 1000 times the market price of lithium metal (Table 3), so these discoveries are far more than useful by-products. It will take time to analyze fully the economic value of the rubidium and caesium to the Company, especially the cost of getting to a high level of purity of rubidium and caesium oxide and how we would do this, but at first sight this looks like an extraordinarily promising result.

Table 3: Comparative prices of Lithium, Rubidium and Caesium. Source: SMM (https://www.metal.com/), May 24, 2021.

As well as a commercial analysis of the results so far, the Company plans to conduct more drilling at Raleigh Lake in the summer in Zone 1 and in the other Zones 2-5. We plan to raise further funds to ensure swift execution on this."

Quality assurance/quality control procedures

International Lithium Corp. has implemented a rigorous quality assurance/quality control program to ensure best practices in sampling and analysis of diamond drill core. All assays are performed by Activation Laboratories Ltd. (ActLabs), with sample preparation and analysis carried out in their full-service facility in Dryden, Ontario. Sample preparation involves crushing the entire sample to 80% passing 2 mm, riffle split 250g and pulverize to 95% passing 105 µm.

Primary analysis method: Peroxide (Total) Fusion, ICP-OES & ICP-MS with 55 elements including Li (3ppm – 5%). Sodium peroxide fusion provides total metal recovery and is effective for the decomposition of sulphides and refractory minerals.

Over limit analysis method: If Li >5%, then re-analyse by Assay Grade, Peroxide (Total) Fusion, including Li from 0.01%.

The drill program was under the control of a Professional Geoscientist, registered with Engineers and Geoscientists BC. The Company and its contractors carried out the program under full compliance with COVID-19 protocols based on guidelines issued by Public Health Ontario and provincial health authorities of Ontario to ensure the safety and health, for all personnel.

Qualified person

Patrick McLaughlin, P.Geo, a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects has reviewed and approved the technical information in this press release.

Figure 1: Location of the Spring 2021 drill holes relative to previous operators' drilling within Zone 1 of the Raleigh Lake project area.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3232/85977_8101af32e4c82b7a_003full.jpg

Figure 2: Total magnetic intensity image over the mineral claim outline divided into five Zones for various staged exploration activities at the Raleigh Lake Lithium project.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3232/85977_8101af32e4c82b7a_004full.jpg

About Rubidium

Rubidium is a soft, silver-white metal that belongs to the alkali metal group of chemical elements. It is represented by the symbol Rb, and it has the atomic number 37. Like the other alkali metals (lithium, sodium, potassium and caesium) pure rubidium is extremely reactive and would combust on exposure to water or oxygen. Its melting point is 39 degrees centigrade. It is therefore usually seen in compounds such as rubidium oxide or rubidium carbonate.

Rubidium is not at present used to any great extent in battery technology. If sodium-ion batteries were to take market share from lithium-ion batteries in future, small amounts of rubidium and caesium have been shown to improve the performance of sodium-ion batteries. Rubidium carbonate has multiple industrial uses, principally specialty glasses such as fibre optic cables, telecommunications systems including an important role in GPS systems, and night vision devices. There are also uses in medical equipment and atomic clocks. Quantum computing makes use of rubidium.

Rubidium is typically found in hard rock pegmatites, usually in lepidolite, but also in pollucite or zinnwaldite. The process for extraction can be similar to that used for caesium.

Worldwide the largest producer of rubidium has historically been Canada, while the largest reserves are believed to be in Southern Africa and Canada. There is also rubidium in the USA, Russia and Afghanistan. There are small concentrations in some brines, but on a much smaller scale than lithium.

The market price of 99.75% rubidium carbonate, the most widely used rubidium chemical, is around US$ 1,060 per kilogram (Source: SMM (metal.com) May 24, 2021). This is considerably higher, by 76 times, than the price per kilogram for lithium carbonate.

About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect.

A key goal in the new decade is to become a well funded company to turn our aspirations into reality.

International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock exchange.

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina.

The Raleigh Lake project consists of 3,027 hectares of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The pegmatites explored there contain significant quantities of rubidium and caesium as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

The Company has a 10.1% stake in the Mariana lithium-potash brine project located within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, now owned 89.9% by Ganfeng Lithium and 10.1% by ILC (percentages are estimates and subject to audit). In addition, ILC has an option to acquire a further 10% in the Mariana project through a back-in right.

Complementing the Company's lithium brine project at Mariana and rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

The ownership of the Mavis Lake project is now 51% Essential Metals Limited ("ESS"") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC.

The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources, and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520

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

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of the feasibility study of the Mariana Joint Venture Project, timing of publication of the technical reports, anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Mavis Lake projects, the expectation of resouirce estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and continued agreement between the Company and Ganfeng Lithium Co. Ltd. regarding the Company's percentage interest in the Mariana project and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85977

Nickel 28 Capital Corp. ("Nickel 28" or the "Company") (TSXV: NKL) (FSE: 3JC) has released its results for the three-month period ended March 31, 2021.

"Ramu had an exceptionally strong quarter, generating over US$11.8 million of attributable cash flow to Nickel 28, which will result in the extinguishment of our operating debt in the extremely near future," stated Anthony Milewski, chairman of the board. He continued, "From these results, we now expect to begin to receive significant cash flow from Ramu in H2 2021 and we would like to recognize MCC for continuing to deliver outstanding financial and production results from Ramu."

Q1 2021 Highlights

The Company’s principal asset, an 8.56% joint-venture interest in the Ramu Nickel-Cobalt ("Ramu") integrated operation in Papua New Guinea, continued to have another strong quarter in terms of production, sales, and cash flow. Highlights from Ramu during the quarter include:

• Nickel 28 cash generation from Ramu in Q1 2021 of US$11.8 million.

• Project revenue of over US$163 million, as a result of strong nickel/cobalt pricing and increasing payables for both.

• Average cash costs for the quarter, net of by-product credits, of US$1.70/lb. of contained nickel.

• Quarterly production of 8,805 tonnes of contained nickel and 800 tonnes of contained cobalt in mixed hydroxide (MHP) placing Ramu as the number one producer of MHP globally.

• Quarterly sales of 8,744 tonnes of nickel and 785 tonnes of cobalt contained in 57,035 wet metric tonnes (WMT) of MHP.

Nickel 28 Highlights:

• Strong quarter end cash balance of US$5.5 million, providing ample liquidity for the Company.

• Non-recourse joint-venture debt, as of March 31, 2021, of US$92.8 million, consisting of US$10.1 million of operating debt and US$82.7 million of construction debt. The Company’s semi-annual repayment of joint-venture debt is expected to occur on July 1^st, 2021 from Ramu’s H1 2021’s cash flow generation.

About Nickel 28

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expect," "potential," "believe," "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements and figures with respect to the operational and financial results; statements with respect to the prospects of nickel and cobalt in the global electrification of vehicles; statements related to the repayment of the Company’s Ramu operating debt; statements related to the production impacts of the Covid-19 pandemic; and statements with respect to the business and assets of the Company and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005560/en/

Contacts

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

VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV:BRG) (FSE: B7LM) (USA:BGADF) announces that Mr. Matthew Wright has tendered his resignation as Chief Financial Officer of the Company. Mr. Wright's departure is effective immediately, but he will assist in facilitating a smooth transition once a new Chief Financial Officer is appointed, the Board of Directors has identified several qualified candidates.

Robert Birmingham, President and Chief Executive Officer, comments: "On behalf of Brigadier, I wish to thank Mr. Wright for his service to the Company and wish him well in his future endeavours."

About Brigadier Gold

Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Our mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.

Led by a management team with decades of experience in mineral exploration and capital markets development, we are focused on advanced exploration opportunities in politically stable jurisdictions.

For further information, please contact:

Brigadier Gold Limited
www.brigadiergold.ca
Ranjeet Sundher, Chief Executive Officer
corporate@brigadiergold.ca

Leah Hodges, Corporate Secretary
(604) 377-0403

Reader Advisory

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Brigadier Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/649936/Brigadier-Provides-Corporate-Update

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (the “Corporation”) is pleased to announce the results of its annual and special meeting of shareholders (the “Meeting”) held on May 31, 2021, with all resolutions approved with the required majority. At the Meeting, the shareholders:

• elected Drew Anwyll, Andrew Baumen, Robert Dodds, Nils Engelstad, Paul Martin and Quentin Yarie as directors of the Corporation;

• re-appointed MNP, LLP, Chartered Professional Accountants as auditors of the Corporation to hold office until the next annual meeting of shareholders, and to authorize the directors to set their remuneration;

• approved a resolution authorizing the continued use of the Corporation’s stock option plan (the “Stock Option Plan”).

The Board of Directors has granted an aggregate of 150,000 stock options to directors, and consultants of the Corporation pursuant to the Stock Option Plan. Each stock option is exercisable to acquire one common share of the Corporation at a price of $0.76 per share, vest over 36 months and expire on the fifth anniversary of the date of grant. The grant of options is subject to the approval of the TSX Venture Exchange.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

For more information about the Company, visit www.redpineexp.com
Or contact: Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com
Or Tara Asfour, Investor Relations Manager, (514) 833-1957 tasfour@redpineexp.com

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

TSX-V: GBR

VANCOUVER, BC, May 31, 2021 /CNW/ – Great Bear Resources Ltd. (the "Company" or "Great Bear") (TSXV: GBR) (OTCQX: GTBAF) today announced key management appointments. The Company concurrently announces the departures of Mr. Robert Scott, Chief Financial Officer; Mr. Jeff Dare, Corporate Secretary; and Mr. Tony Ricci, who, after serving for more than 10 years, will be retiring from the Board of Directors and is not standing for re-election at the upcoming Annual General Meeting on June 29^th. In addition, the Company announces the acceleration of option payments on three of its regional projects, completing the required earn-ins. All regional Red Lake area projects are now 100% owned by Great Bear.

"I would like to sincerely thank Mr. Scott, Mr. Dare, and Mr. Ricci for their significant contributions over the past number of years to Great Bear. Each of them was instrumental to the success of the Company and I look forward to following their ongoing contributions within our industry," said Chis Taylor, President and CEO of Great Bear. "The management appointments we are making today significantly enhance our team's skillset and will be key to Great Bear's future success as we continue to advance our flagship Dixie Project."

Management Appointments

Calum Morrison, Vice President, Business Development & Chief Financial Officer

Calum Morrison has been leading Corporate Development at Great Bear since 2019, a period in which the Company has experienced exceptional growth. In addition to his Corporate and Business Development responsibilities, Mr. Morrison has been appointed Chief Financial Officer with an effective date of May 26^th. Mr. Morrison has over 15 years of experience in the mining industry, having worked in corporate development, investment banking, and accounting roles. Mr. Morrison is a Chartered Professional Accountant (CPA, CA), and a Chartered Financial Analyst (CFA) and holds a B.Sc. degree in Environmental Science from Dalhousie University.

Andrea Diakow, Vice President, Projects

Andrea Diakow has been a key contributor to Great Bear's exploration success at the Dixie Project since 2017. Ms. Diakow is a professional geologist with over 15 years of experience working in the mineral exploration industry on diverse precious and base metal projects ranging from grassroots to feasibility stage. Her experience includes over 6 years of gold exploration in the Red Lake district. Employing her strong technical background and diverse experience, Mrs. Diakow manages Great Bear's exploration program, including QA/QC practices, and directs the various advanced exploration studies that are currently being undertaken at Dixie. Ms. Diakow holds a B.Sc. degree in Geology from the University of Calgary and is a P.Geo.

Jenni Piette, Director, Sustainability and Stakeholder Relations

Jenni Piette has over 10 years of experience in mining investor relations and corporate communications. Most recently, Ms. Piette served as Head of Investor Relations at GT Gold, where she managed the investor relations strategy in addition to community and stakeholder consultation. Prior to joining GT Gold, she served as Manager of Investor Relations at Teranga Gold Corporation through 2018 and at Richmont Mines, until the sale of the company to Alamos Gold in November 2017. Ms. Piette began her career in investor relations at Detour Gold Corporation in 2012, prior to which she served as a contracted mining and earth science outreach educator for PDAC Mining Matters. Ms. Piette holds a B.Sc. with Distinction in Geology/Ecology from Concordia University and is a Certified Professional in Investor Relations under CIRI/Ivey School of Business.

Darryl Boyd, Director, Environment

Darryl Boyd has been employed in the mining sector for 24 years, holding roles related to planning, permitting, and developing projects in Ontario from early exploration to commercial production. Mr. Boyd has managed baseline studies, engineering designs, permitting, community engagement, energy supply, land tenure and a variety of operational duties related to environmental management. Examples of his significant project experience includes: The McCreedy Mine (FNX Mining), Timmins West (Lakeshore Gold), Lac Des Iles Mine (North American Palladium), Lockerby Mine (First Nickel), and the Sugar Zone Mine (Harte Gold). Mr. Boyd holds a B.Sc. degree in Environmental Science from the University of Guelph and a Certificate in Environmental Assessment from Lakehead University.

Cori Compton, Corporate Secretary

Ms. Compton has over 20 years of corporate secretarial, corporate governance and securities regulatory experience, 10 of which are specifically with public companies in the mining industry. Ms. Compton has performed the Corporate Secretary function for a number of publicly listed companies, including Pan American Silver, Silver Standard Resources (now SSR Mining), Wildcat Silver (predecessor to Arizona Mining), and Ventana Gold Corp. Ms. Compton is a member of both the BC Paralegal Association and the Canadian Society of Corporate Secretaries.

Update on Regional Properties

The Company is also pleased to announce that it recently paid an aggregate of $180,000 to accelerate its earn-ins for its regional Red Lake projects (Pakwash, Sobel, and Red Lake North), and also gave notice of its intention to terminate its option on the Dedee Property.

Great Bear now holds a 100% interest in it's Red Lake Properties (Dixie, Pakwash, Sobel and Red Lake North), totalling 200 km² of prospective mineral claims. At this time, there are no changes to the previously announced 2021 exploration budget, which is majority focused on a multi-rig drill program at its flagship Dixie Project, but also includes field investigations and target definition at all regional properties.

June 7^th Webinar

The Company reminds interested shareholders that a webinar will take place on Monday, June 7^th at 11:00 am PDT / 2:00 pm EDT. Management will be available to answer questions following the presentation. Online registration and participation details may be found at the following link:

https://us02web.zoom.us/webinar/register/WN_MJNWX5GERvKjZ63Jh89n_Q

For those unable to participate, a recording of the webinar will be posted to the Company's web site following the live broadcast.

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration. Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km² of highly prospective tenure across four projects: the flagship Dixie Project (100% owned), the Pakwash Property (100% owned), the, the Sobel Property (100% owned), and the Red Lake North Property (100% owned) all of which are accessible year-round through existing roads.

ON BEHALF OF THE BOARD

"Chris Taylor"

Chris Taylor, President and CEO

Cautionary note regarding forward-looking statements

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; 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); discrepancies between actual and estimated metallurgical recoveries; 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.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-strengthens-management-team-and-provides-update-on-regional-projects-301302466.html

SOURCE Great Bear Resources Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/31/c3215.html

(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters.)

By Clyde Russell

LAUNCESTON, Australia, May 31 (Reuters) – A court ruling that Royal Dutch Shell must speed up plans to curb greenhouse gas emissions rocked the global oil and gas industry, but another decision in a case brought by eight school-aged teens and a nun may end up being more significant.

The order by a Dutch court that Shell must drastically deepen its planned emission reductions raised fears in the industry of similar legal actions against other oil and gas majors, and concern that companies will be held liable for meeting court imposed climate change targets.

The decision against Shell, coupled with shareholder rebukes against U.S. oil majors Exxon Mobil and Chevron, made it a bad week for an industry that is grappling with how to deal with the challenge of operating profitably and sustainably in what is likely to be a carbon-constrained future.

An Australian court added fuel to the fire on May 27, ruling that the country's environment minister has an obligation to children to consider the harm caused by climate change when deciding whether to approve a coal mine expansion.

The Federal Court of Australia made the ruling in a class action suit brought by eight teenagers, aged between 14 and 17, and an 86-year-old nun acting as their litigation guardian. In the suit, the teens argued that the expansion of Whitehaven Coal's Vickery mine in New South Wales state would contribute to climate change and endanger their future.

Australia is the world's largest exporter of coking coal used to make steel and second-biggest in thermal coal for power generation, and the industry – domestically and abroad – has become a political battleground.

The court ruling was only a partial victory, though, as the judge didn't grant an injunction to prevent Environment Minister Sussan Ley from approving the mine.

The ruling does mean the minister will have to consider her duty of care to future generations, with Justice Mordecai Bromberg saying the minister can foresee the possibility of the climate damage from the coal mine.

The judge said there is evidence of the "severe harm" climate change can cause future generations.

"It will largely be inflicted by the inaction of this generation of adults, in what might fairly be described as the greatest intergenerational injustice ever inflicted by one generation of humans upon the next," Bromberg said, according to a report in the Financial Times.

WIDER IMPACT

Australia's federal government said it will study the judgment, and it's likely the implications go well beyond a 10 million-tonnes-per-year coal mine.

The obvious end point of the case is that citizens will be able to sue the government for damages caused by climate change, using the argument that the government was well aware of the risks but still took actions that contributed to increasing carbon emissions.

If the government deems the risk of being sued by its own citizens to be high, it may have to concede that approving more coal will be challenging.

For its part, Whitehaven Coal welcomed the decision not to grant the injunction against its planned mine expansion, and will work to get a final approval from the federal government.

The company also made the curious statement that it foresees a continuing role for what it termed "high-quality coal" in contributing to "global CO2 emissions reduction efforts".

The only way burning coal from Whitehaven's mine could be deemed to be helping reduce emissions is if it were replacing even dirtier, lower-quality coal, or perhaps if the end user was capturing all the emissions and storing them.

There is no evidence to support either assertion and Whitehaven's stance is at odds with a recent paper from the International Energy Agency that called for an end to the funding and development of fossil fuel projects.

The one factor in common in the Dutch and Australian rulings is that for companies and governments the risks of legal actions and being held accountable on climate change-related issues are not only very real, but also increasing.

Environmental activists have finally realised that hitting companies and governments with potentially massive liabilities is a far more effective strategy than having protesters chain themselves to mining equipment or staging similar high-profile but ultimately low-impact demonstrations. (Editing by Tom Hogue)

(The opinions expressed here are those of the author, a columnist for Reuters.)

By Clyde Russell

LAUNCESTON, Australia, May 31 (Reuters) – A court ruling that Royal Dutch Shell must speed up plans to curb greenhouse gas emissions rocked the global oil and gas industry, but another decision in a case brought by eight school-aged teens and a nun may end up being more significant.

The order by a Dutch court that Shell must drastically deepen its planned emission reductions raised fears in the industry of similar legal actions against other oil and gas majors, and concern that companies will be held liable for meeting court imposed climate change targets.

The decision against Shell, coupled with shareholder rebukes against U.S. oil majors Exxon Mobil and Chevron, made it a bad week for an industry that is grappling with how to deal with the challenge of operating profitably and sustainably in what is likely to be a carbon-constrained future.

An Australian court added fuel to the fire on May 27, ruling that the country's environment minister has an obligation to children to consider the harm caused by climate change when deciding whether to approve a coal mine expansion.

The Federal Court of Australia made the ruling in a class action suit brought by eight teenagers, aged between 14 and 17, and an 86-year-old nun acting as their litigation guardian. In the suit, the teens argued that the expansion of Whitehaven Coal's Vickery mine in New South Wales state would contribute to climate change and endanger their future.

Australia is the world's largest exporter of coking coal used to make steel and second-biggest in thermal coal for power generation, and the industry – domestically and abroad – has become a political battleground.

The court ruling was only a partial victory, though, as the judge didn't grant an injunction to prevent Environment Minister Sussan Ley from approving the mine.

The ruling does mean the minister will have to consider her duty of care to future generations, with Justice Mordecai Bromberg saying the minister can foresee the possibility of the climate damage from the coal mine.

The judge said there is evidence of the "severe harm" climate change can cause future generations.

"It will largely be inflicted by the inaction of this generation of adults, in what might fairly be described as the greatest intergenerational injustice ever inflicted by one generation of humans upon the next," Bromberg said, according to a report in the Financial Times.

WIDER IMPACT

Australia's federal government said it will study the judgment, and it's likely the implications go well beyond a 10 million-tonnes-per-year coal mine.

The obvious end point of the case is that citizens will be able to sue the government for damages caused by climate change, using the argument that the government was well aware of the risks but still took actions that contributed to increasing carbon emissions.

If the government deems the risk of being sued by its own citizens to be high, it may have to concede that approving more coal will be challenging.

For its part, Whitehaven Coal welcomed the decision not to grant the injunction against its planned mine expansion, and will work to get a final approval from the federal government.

The company also made the curious statement that it foresees a continuing role for what it termed "high-quality coal" in contributing to "global CO2 emissions reduction efforts".

The only way burning coal from Whitehaven's mine could be deemed to be helping reduce emissions is if it were replacing even dirtier, lower-quality coal, or perhaps if the end user was capturing all the emissions and storing them.

There is no evidence to support either assertion and Whitehaven's stance is at odds with a recent paper from the International Energy Agency that called for an end to the funding and development of fossil fuel projects.

The one factor in common in the Dutch and Australian rulings is that for companies and governments the risks of legal actions and being held accountable on climate change-related issues are not only very real, but also increasing.

Environmental activists have finally realised that hitting companies and governments with potentially massive liabilities is a far more effective strategy than having protesters chain themselves to mining equipment or staging similar high-profile but ultimately low-impact demonstrations. (Editing by Tom Hogue)

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to announce that the Supreme Court of Canada has declined to hear the appeal sought by 2538520 Ontario Limited (253) of the decision rendered by the British Columbia Court of Appeal upholding the lower court's decision denying 253's application for leave to commence a derivative action against certain of Eastplat's current and former directors and officers in relation to the agreements entered into with Union Goal Offshore Solution Limited ("Union Goal") underlying Eastplat's Retreatment Project (For further information, see press releases of August 29, 2019 and November 17, 2020). The Company will be seeking recovery from 253 of the costs incurred in responding to 253's unsuccessful petition and appeals.

"We are pleased with the further support this latest decision adds to our decision to proceed with our retreatment project and the agreements with Union Goal," commented Ms. Diana Hu, the Company's Chief Executive Officer. "We look forward to putting this unproductive litigation behind us and focusing our time and resources on our current operations and other opportunities in South Africa," she added.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. Operations at the Crocodile River Mine include the Company's Retreatment Project and the processing and extraction of PGMs.

COVID-19

The alert level in respect of COVID-19 in South Africa was adjusted down to level 1 on March 1, 2021. The Company continues to follow the health guidelines of the Government of South Africa. The Retreatment Project remains in full operation and continues to produce and transport chrome and PGM end products. The effects of COVID-19 are evolving and changing and the consequences of a further increase in the alert level in South Africa, temporary shutdown of any operations or other related issues cannot be reasonably estimated at this time, but could potentially have material adverse effects on the Company's business, operations, liquidity and cashflows.

For further information, please contact:

EASTERN PLATINUM LIMITEDWylie Hui, Chief Financial Officerwhui@eastplats.com (email)(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedar.com.

In particular, this press release contains, without limitation, forward-looking statements pertaining to the Company's retreatment project and PGM extraction, the recovery of litigation costs, actions to be taken in connections with litigation, the potential effects of COVID-19 such as a new lockdown imposed by the Government of South Africa; and any future measures taken by the Government of South Africa and their impact on the Company, and its business, operations, liquidity and cashflows. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in our production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedar.com. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85896

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that it is arranging a non-brokered private placement (the "Private Placement") of up to 3,125,000 units (each a "Unit") at $0.08 per unit to raise up to CAN$250,000. Each Unit will consist of one common share of the Company and one half of a non-transferable common share purchase warrant (each a "Warrant"). Each whole Warrant will be exercisable into one common share in the capital of the Company at an exercise price of $0.12 per share for two years from the date of issue.

The proceeds of the Private Placement will be used for exploration, maintenance of the Shotgun Gold project and for general working capital purposes. All Private Placement securities will be restricted from trading for a period of four months plus one day from the date of closing.

Kirill Klip, Executive Chairman of the Company and a non-arms' length party, will participate in this Private Placement. The issuance of private placement securities to non-arms' length parties constitutes related-party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Because the Company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The Company did not file a material change report 21 days prior to the closing of the private placement as the details of the participation of insiders of the Company had not been confirmed at that time.

This Private Placement will replace the $250,000 private placement announced on February 25, 2021, which the Company has withdrawn. The Private Placement is subject to approval of the TSX Venture Exchange.

ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-five years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company's expertise, resources and industry network, it identified the potential of the Los Azules Copper Project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.

In 2009, TNR founded International Lithium Corp. ("ILC"), a green energy metals company that was made public through the spin-out of TNR's energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company's NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.

TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.

The Company's strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.

At its core, TNR provides significant exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules Copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the Board of Directors,

Kirill Klip
Executive Chairman

www.tnrgoldcorp.com

For further information concerning this news release please contact +1 604-229-8129.

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 Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "will", "could" and other similar words, or statements that certain events or conditions "may" or "could" occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR's corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining's and ILC's PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the Company's interim and annual Management's Discussion and Analysis which are available under the Company's profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

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/85819

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

Impala Platinum Holdings Ltd. (IMPUY) is a stock many investors are watching right now. IMPUY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 3.68, while its industry has an average P/E of 8.03. IMPUY's Forward P/E has been as high as 8.80 and as low as 2.28, with a median of 4.16, all within the past year.

Investors should also note that IMPUY holds a PEG ratio of 0.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. IMPUY's PEG compares to its industry's average PEG of 0.80. IMPUY's PEG has been as high as 1.11 and as low as 0.07, with a median of 0.11, all within the past year.

Investors should also recognize that IMPUY has a P/B ratio of 2.67. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.34. IMPUY's P/B has been as high as 3.19 and as low as 1.25, with a median of 2.07, over the past year.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Impala Platinum Holdings Ltd. Is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, IMPUY feels like a great value stock at the moment.

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To read this article on Zacks.com click here.

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

Amid the interest around gold, silver, and other precious metals, zinc seems to largely slip under the radar of investors. However, there are several reasons for paying more attention to the fourth-most used metal in the world after iron, aluminum, and copper. Zinc has a diverse range of uses in products like vaccines, auto manufacturing, electronics, production of rubber, and as an agent to prevent the rusting in iron or steel. Zinc prices have exploded over the past decade and could touch close to $3,000 per tonne within the next three years.

Ural Mining and Metallurgical Company, a top zinc producer based in Russia, claims that the demand for the metal is likely to outpace production growth in 2021, narrowing a surplus. In a study of the zinc industry, the Russian firm projects that zinc extraction at existing mines is expected to reach a peak by 2024, and a production deficit will likely follow the peak that will drive up the prices of zinc concentrates in the latter part of this decade. However, zinc products still face an uncertain and volatile post-pandemic market.

Some of the biggest names in the zinc industry that trade publicly on the stock market in the United States include Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM). Teck Resources Limited (NYSE: TECK) stock has soared by over 12%, outperforming the S&P 500, since the firm posted a strong earnings report last month. Meanwhile, Hecla Mining Company (NYSE: HL) has also reported solid earnings for the first three months of 2021, increasing dividend by 50% to $0.03 per share annually.

Hudbay Minerals Inc. (NYSE: HBM) missed earnings and revenue targets set by the market for the first quarter of 2021, but has been making progress on other fronts that are expected to benefit the stock of the company in the long run. On May 18, the firm released the 18th annual sustainability report, underlining that over 50% of the energy consumption of the company in 2020 came from natural resources. The firm also reaffirmed a resolve to positively contribute to the Sustainable Development Goals (SDGs) of the United Nations.

The zinc industry is not the only economic sector that is evolving with the changing global priorities. 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 Angel Chavez from Pixabay

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

Best Zinc Stocks To Buy Now

10. Silvercorp Metals Inc. (NYSE: SVM)

Number of Hedge Fund Holders: 10

Silvercorp Metals Inc. (NYSE: SVM) is Canada-based precious metals company founded in 1991. It is ranked tenth on our list of 10 best zinc stocks to buy now. Silvercorp stock has offered more than 45% in returns to investors over the course of the past twelve months. The company mainly concentrates on the acquisition, exploration, and development of precious metals in China. Even though it is based in Canada, the firm is the largest silver producer in the Asian country. It also has interests in zinc-related products.

In earnings results for the fourth fiscal quarter, posted on May 20, Silvercorp Metals Inc. (NYSE: SVM) reported earnings per share of $0.04, in line with market estimates. The revenue over the period was over $35 million, up 89% year-on-year.

At the end of the first quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $30 million in Silvercorp Metals Inc. (NYSE: SVM), down from 12 the preceding quarter worth $51 million.

Just like Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM), Silvercorp Metals Inc. (NYSE: SVM) is one of the best zinc stocks to buy now.

9. Orla Mining Ltd. (NYSE: ORLA)

Number of Hedge Fund Holders: 2

Orla Mining Ltd. (NYSE: ORLA) is a Canada-based mining company founded in 2007. It is placed ninth on our list of 10 best zinc stocks to buy now. Orla stock has offered investors returns exceeding 98% in the past year. The company primarily engages in the acquisition, exploration, and development of mineral properties, with interests in metals such as gold, silver, lead, zinc, and copper, among others. It has stakes in mining projects in Mexico and Canada in addition to Canada and the United States.

On May 13, Orla Mining Ltd. (NYSE: ORLA) reported quarterly earnings results, posting earnings per share of -$0.05 and a cash balance of over $31 million for the first three months of 2021.

At the end of the first quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $931,000 in Orla Mining Ltd. (NYSE: ORLA), up from 2 in the previous quarter worth $8.9 million.

Just like Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM), Orla Mining Ltd. (NYSE: ORLA) is one of the best zinc stocks to buy now.

8. Solitario Zinc Corp. (NYSE: XPL)

Number of Hedge Fund Holders: 3

Solitario Zinc Corp. (NYSE: XPL) is a Colorado-based mining company founded in 1984. It is ranked eighth on our list of 10 best zinc stocks to buy now. The company stock has offered more than 115% in returns to investors over the past twelve months. The firm mainly concentrates on the development and exploration of zinc-related projects mostly in North and South America. It has stakes in mining properties in Alaska, Florida, and Peru, among other places in the Americas.

Solitario Zinc Corp. (NYSE: XPL) share price has soared by close to 272% since last year and is an early stage company with a low cash burn. Over the past twelve months, the firm has reported a 62% decrease in cash burn, extending the runway for the firm to get to revenue stages.

At the end of the first quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $1.1 million in Solitario Zinc Corp. (NYSE: XPL), up from 2 in the previous quarter worth $717,000.

7. Carpenter Technology Corporation (NYSE: CRS)

Number of Hedge Fund Holders: 14

Carpenter Technology Corporation (NYSE: CRS) is a Pennsylvania-based company that primarily engages in the steel business. It was founded in 1889 and is placed seventh on our list of 10 best zinc stocks to buy now. Carpenter stock has offered investors more than 105% in returns over the past year. Carpenter Technology Corporation (NYSE: CRS) engages in the development and selling of many metal alloys, as well as zinc-related products. Some of the products it markets include powder metals, stainless steels, alloy steels, and others.

In late April, Carpenter Technology Corporation (NYSE: CRS) posted earnings results for the third fiscal quarter, reporting earnings per share of -$0.54, beating market estimates by $0.03. The revenue over the period was over $350 million.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Carpenter Technology Corporation (NYSE: CRS) with 532,926 shares worth more than $21 million.

6. Wheaton Precious Metals Corp. (NYSE: WPM)

Number of Hedge Fund Holders: 28

Wheaton Precious Metals Corp. (NYSE: WPM) is a Canada-based precious metals company founded in 2004. It is ranked sixth on our list of 10 best zinc stocks to buy now. Wheaton stock has offered investors returns exceeding 34% over the past three months. The company is primarily interested in the development and selling of metals like gold, silver, palladium, and cobalt, among others. It has stakes in over 20 mining projects and is assisting in the development of another seven.

On May 6, Wheaton Precious Metals Corp. (NYSE: WPM) posted earnings results for the first quarter of 2021, reporting earnings per share of $0.35, missing market estimates by $0.02. The revenue over the period was over $320 million, up 27% year-on-year.

At the end of the first quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $439 million in Wheaton Precious Metals Corp. (NYSE: WPM), down from 34 in the previous quarter worth $755 million.

Just like Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM), Wheaton Precious Metals Corp. (NYSE: WPM) is one of the best zinc stocks to buy now.

In its Q2 2020 investor letter, First Eagle Investment Management, an asset management firm, highlighted a few stocks and Wheaton Precious Metals Corp. (NYSE: WPM) was one of them. Here is what the fund said:

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

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Disclosure: None. 10 Best Zinc Stocks To Buy Now is originally published on Insider Monkey.

Fortuna Silver Mines Inc. ("Fortuna" or the "Company") (NYSE: FSM) (TSX: FVI) and Roxgold Inc. ("Roxgold") (TSX: ROXG) (OTCQX: ROGFF) have each filed and commenced mailing the management information circulars and related meeting materials for their respective shareholder meetings to be held on Monday, June 28, 2021 in connection with the proposed business combination between Fortuna and Roxgold announced on April 26, 2021, (the "Transaction"), as well as annual general meeting matters.

To proactively deal with the ongoing public impact of the COVID-19 pandemic, and to mitigate risks to the health and safety of communities, shareholders, employees, directors and other stakeholders, the respective shareholder meetings will be held in a virtual-only format conducted by live audio webcast. Registered Fortuna shareholders and Roxgold shareholders, regardless of their geographic location, will have an equal opportunity to participate in the applicable shareholder meeting.

In connection with the Transaction, and in accordance with the interim order of the Supreme Court of British Columbia granted on May 25, 2021, Roxgold will hold a special meeting of Roxgold shareholders (the "Roxgold Special Meeting") on June 28, 2021 at 9:00 a.m. (Pacific time) to seek approval of the Transaction, the details of which are set forth in Roxgold’s management information circular (the "Roxgold Circular") dated May 26, 2021. The Roxgold Special Meeting will be held in a virtual-only format via live audio webcast at https://web.lumiagm.com/205515857, password "roxgoldspecial2021" (case sensitive). Shareholders will not be able to attend the Roxgold Special Meeting physically. At the Roxgold Special Meeting, registered Roxgold shareholders and duly appointed proxyholders will be able to participate, ask questions and vote in "real time" through the online portal.

Fortuna will hold an annual and special meeting of Fortuna shareholders (the "Fortuna Meeting") on June 28, 2021 at 9:00 a.m. (Pacific time) at which Fortuna shareholders will be asked to approve, among other things, the issuance (the "Share Issuance") of common shares of Fortuna ("Fortuna Shares") in exchange for common shares of Roxgold ("Roxgold Shares"). The details of all matters proposed to be put before the Fortuna shareholders at the Fortuna Meeting are set forth in Fortuna’s management information circular (the "Fortuna Circular") dated May 26, 2021. The Fortuna Meeting will be held in a virtual-only format via live audio webcast at https://web.lumiagm.com/208799817, passcode "fortuna2021" (case sensitive). Shareholders will not be able to attend the Fortuna Meeting physically. Registered Fortuna shareholders and duly appointed proxyholders can attend the Fortuna Meeting online, where they can participate, vote, and submit questions.

Fortuna is also pleased to announce that upon completion of the Transaction, it is anticipated that Kate Harcourt, a current director of Roxgold, will be appointed to the board of directors of the combined company. Ms. Harcourt has indicated her willingness to be appointed as a director at such time and Fortuna looks forward to welcoming her to the board of the combined company.

Under the terms of the Transaction, Fortuna will acquire all the issued and outstanding Roxgold Shares pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). In exchange, Roxgold shareholders will receive 0.283 Fortuna Shares and C$0.001 for each Roxgold Share held. Upon completion of the Transaction, Roxgold will be a wholly-owned subsidiary of Fortuna and existing Fortuna shareholders and former Roxgold shareholders will own approximately 63.6% and 36.4% of the pro forma company, respectively.

Mailing of the Fortuna Circular and the Roxgold Circular and related meeting materials has commenced and shareholders of Fortuna and Roxgold should expect to receive their respective meeting materials shortly. In the meantime, Fortuna’s meeting materials can be downloaded from Fortuna’s website at https://fortunasilver.com/investors/agm-materials/. Roxgold’s meeting materials can be downloaded from Roxgold’s website at www.roxgold.com. In addition, each company’s meeting materials can be accessed from their respective company profile on SEDAR at www.sedar.com.

Board of Directors’ Recommendations

The Transaction has been unanimously approved by the boards of directors of each of Fortuna and Roxgold, following, in the case of Roxgold, the unanimous recommendation of a special committee of independent directors. Both boards of directors unanimously recommend that their respective shareholders vote in favour of (i) the Share Issuance, in the case of the Fortuna Meeting and (ii) the Transaction, in the case of the Roxgold Special Meeting.

In connection with the Transaction, officers and directors of Roxgold collectively holding 3.52% of the total Roxgold Shares have entered into voting support agreements with Fortuna, pursuant to which they have agreed, among other things, to vote their Roxgold Shares in favour of the Transaction. Appian Natural Resources Fund, Roxgold’s largest shareholder which at April 26, 2021 (the date the Transaction was announced), controlled 13.2% of the issued and outstanding Roxgold Shares, has also provided its support in favour of the Transaction. In addition, officers and directors of Fortuna collectively holding 1.6% of the total Fortuna Shares have entered into voting support agreements with Roxgold pursuant to which they have agreed, among other things, to vote their Fortuna Shares in favour of the Share Issuance.

Subject to obtaining shareholder approval to the Share Issuance and the Transaction at the Fortuna Meeting and Roxgold Special Meeting, respectively, and satisfaction of the other conditions to completion of the Transaction, including final approval of the Court, all as more particular described in the Fortuna Circular and the Roxgold Circular, the Transaction is expected to close in early July 2021.

To be effective, the Share Issuance must be approved by a simple majority of the votes cast on such resolution by Fortuna shareholders present (virtually) or represented by proxy at the Fortuna Meeting. In addition, the Transaction must be approved by (i) at least 66 ⅔% of the votes cast on such resolution by the Roxgold shareholders present (virtually) or represented by proxy at the Roxgold Special Meeting; and (ii) a majority of the votes cast by the Roxgold shareholders (virtually) or represented by proxy at the Roxgold Special Meeting, excluding the votes cast by certain persons in accordance with section 8.1(2) of Multilateral Instrument 61‑101 – Protection of Minority Security Holders in Special Transactions.

Strategic Rationale and Transaction Highlights:

In unanimously determining to recommend the Share Issuance and Transaction to shareholders for approval, the boards of directors of each of Fortuna and Roxgold considered a number of factors as described in the Fortuna Circular and Roxgold Circular, including, but not limited to:

Combination of Quality Assets Creates a premier growth-oriented intermediate gold and silver miner, with four producing mines and anticipated annual gold equivalent combined production of approximately 450,000 ounces. ^{1, 2,3}

Highly Complementary and Diversified Portfolio Expanded diversified production, development, and exploration platform: four operating mines supporting a robust free cash flow profile, a permitted development project at the feasibility stage, and an extensive growth pipeline of high-upside exploration assets in West Africa and the Americas.

Organic Growth Potential Construction expected to be launched at the Séguéla Gold Project in the third quarter of 2021; continue the accelerated pace of advanced exploration at the Boussoura Project and on the extensive 250,000-hectare land package in West Africa. Multiple brownfields and greenfields options across the Americas and West Africa.

Geographical Diversification in Mining Jurisdictions Creates a low-cost platform for precious metals production and growth in two premier mining friendly regions.

Bringing Together Two Highly Experienced Management Teams with Track Records of Value Creation in the Americas and in West Africa Fortuna will benefit from the in-region operating experience of key members of Roxgold’s team.

Silver Contribution to Revenue Silver production is expected to be largely in-line with its silver producer peer group. Pro Forma Fortuna will continue to pursue opportunities for the discovery and acquisition of quality silver assets in the Americas.

Strong Balance Sheet Pro Forma Fortuna will benefit from significant free cash flow generation, high EBITDA margins, and a stronger balance sheet with significant liquidity and low debt; ⁴ all of this will contribute towards a lower cost of capital and increased funding capacity for the development at the Séguéla Gold Project and to advance exploration at the Boussoura Project and the larger land package in West Africa.

Fairness Opinions The boards of directors of each of Fortuna and Roxgold, as well as the special committee of Roxgold’s board of directors, have each received fairness opinions from their respective financial advisors.

Notes:

1. Gold equivalent based on the following commodity price assumptions: US$800/oz Au, US$22/0z Ag, US$1,900/t Pb and US$2,300/t Zn.

2. Production profile estimation assumes the successful construction of the Séguéla Gold Project based on the Feasibility Study announced by Roxgold on April 19, 2021.

3. For technical disclosure, as contemplated in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), related to production refer to the following technical reports: Lindero Mine, San Jose Mine, Caylloma Mine, Yaramoko Mine and Séguéla Gold Project.

4. Free cash flow and EBITDA are financial measures with no standardized definition under IFRS. In order to provide the combined business performance of Fortuna on a pro forma, basis, certain non-IFRS financial performance measures, including free cash flow and EBITDA, of each of Roxgold and Fortuna have been combined. For further information regarding non-IFRS measures, please see, in respect of Fortuna, the "Non-GAAP Financial Measures" section of Fortuna’s MD&A dated as of May 7, 2021 and for Roxgold, Note 18 "Non-IFRS Financial Performance Measures" of Roxgold’s MD&A dated March 3, 2021, available under Fortuna’s and Roxgold’s respective profiles on www.sedar.com.

Fortuna Qualified Person

Eric Chapman, Vice President of Technical Services is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of British Columbia (Registration Number 36328) and a Qualified Person as defined in NI 43-101. Mr. Chapman has reviewed and approved the scientific and technical information pertaining to Fortuna contained in this news release.

Roxgold Qualified Person

Paul Criddle, FAusIMM, Chief Operating Officer for Roxgold Inc., a Qualified Person as defined in NI 43-101, has reviewed, verified and approved the technical disclosure pertaining to Roxgold contained in this news release.

Do Not Delay – Your vote is very important regardless of the number of shares you own.

Whether or not you expect to attend the Roxgold Special Meeting and/or Fortuna Meeting, shareholders are encouraged to vote well in advance of the voting deadlines.

Roxgold Shareholder Vote Deadline:

On Monday, June 28, 2021, Roxgold is separately holding both the Roxgold Special Meeting to approve the Transaction and its annual meeting of shareholders (the "Roxgold Annual Meeting") to approve the election of directors and reappoint PricewaterhouseCoopers LLP as auditor.

The deadline to vote for the Roxgold Special Meeting is 9:00 a.m. (Pacific time) on Thursday, June 24, 2021. Roxgold shareholders eligible to vote at the Roxgold Special Meeting will receive a management information circular accompanied by a yellow form of proxy or voting instruction form. Roxgold shareholders can access the Roxgold Special Meeting materials at https://www.roxgold.com/investors/special-meeting/default.aspx.

The deadline to vote for the Roxgold Annual Meeting is 10:00 a.m. (Pacific time) on Thursday, June 24, 2021. Roxgold shareholders eligible to vote at the Roxgold Annual Meeting will receive a management information circular accompanied by a white form of proxy or voting instruction form. Roxgold shareholders can access the Roxgold Annual Meeting materials at https://www.roxgold.com/investors/annual-general-meeting/default.aspx.

Fortuna Shareholder Vote Deadline:

The Fortuna shareholder deadline to vote is 9:00 a.m. (Pacific time) on Thursday, June 24, 2021. Fortuna shareholders can access meeting materials at https://fortunasilver.com/investors/agm-materials/.

Shareholder Questions:

• Fortuna shareholders with questions or who require voting assistance can contact Laurel Hill Advisory Group toll free at 1-877-452-7184 or by email at assistance@laurelhill.com.

• Roxgold shareholders with questions or who require assistance voting, can contact Roxgold’s strategic shareholder advisor and proxy solicitation agent, Kingsdale Advisors, toll-free in North America at 1-888-518-1563, (1-416-867-2272 for collect call outside North America), or by email at contactus@kingsdaleadvisors.com.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Peru, Mexico, and Argentina. Sustainability is integral to all our operations and relationships. We produce silver and gold and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit Fortuna’s website.

About Roxgold Inc.

Roxgold is a Canadian-based gold mining company with assets located in West Africa. Roxgold owns and operates the high-grade Yaramoko Gold Mine located on the Houndé greenstone belt in Burkina Faso and is also advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking Statements

This news release contains forward-looking statements which constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (collectively, "Forward-looking Statements"). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements.

The Forward-looking Statements in this news release may include, without limitation, statements about the Company and Roxgold’s current expectations, estimates and projections for the pro forma company, the structure of the transaction and the anticipated timing of the respective shareholders meetings and the closing of the Transaction, the anticipated benefits of the Transaction to shareholders and the combined company, including corporate, operational and other synergies, the anticipated growth and exploration opportunities for the combined company, the timing and success of development projects and the combined company’s financial position, including expectations regarding liquidity, expected pro forma financial outlook and other similar statements. Often, but not always, these Forward-looking Statements can be identified by the use of words such as "anticipated", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "planned", "reflecting", "will", "anticipated", "estimated" "containing", "remaining", "to be", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations. Any financial outlook and forward-looking information contained in this news release regarding prospective financial performance or financial position is based on reasonable assumptions about future events, including economic conditions and proposed courses of action based on the assessment by management of each of Fortuna and Roxgold of the relevant information that is currently available. Projected operational information contains forward-looking information and is based on a number of material assumptions and factors, as are set out above. These projections may also be considered to contain future-oriented financial information or a financial outlook.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the ability of the Company and Roxgold to control or predict and which may cause actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such risks, uncertainties and factors include, among others, the completion and timing of the Transaction, the ability of the Company and Roxgold to receive, in a timely manner, the necessary approvals to satisfy the conditions to closing of the Transaction; the ability to complete the Transaction on terms contemplated by the Company and Roxgold, or at all; the ability of the combined company to realize the anticipated benefits of, and synergies and savings from, the Transaction and the timing thereof and other factors referred to under the heading "Risk Factors" in each of the Company’s and Roxgold’s annual information form for the year ended December 31, 2020 located on SEDAR. Although Forward-looking Statements contained in this news release are based upon what each of the Company and Roxgold believe are reasonable assumptions at the time they were made, such statements are made as of the date hereof and the Company and Roxgold disclaim any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210531005303/en/

Contacts

For information about Fortuna Silver Mines Inc.
Carlos Baca
Investor Relations Manager
info@fortunasilver.com

For information about Roxgold Inc.
Graeme Jennings, CFA
Vice President Investor Relations
gjennings@roxgold.com

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces the Board of Directors have granted 73,500 incentive stock options ("Options") to Erick Underwood at an exercise price of $4.37 per share for a term of 5 years. The Options will vest and be exercisable on the basis of 25% annually, commencing May 31, 2022, the first anniversary of the date of the grant.

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with over 18 million ounces of gold and over 500 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at (604) 731-1094 or at invest@chesapeakegold.com.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85842

TORONTO, May 31, 2021 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX:DPM) (“DPM”) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”) with INV Metals Inc. (“INV Metals”) whereby DPM will acquire all of the issued and outstanding shares of INV Metals that DPM does not currently own pursuant to a court-approved plan of arrangement (the “Transaction”). DPM currently owns 35,344,424 common shares of INV Metals, or approximately 23.5% of outstanding INV Metals common shares.

Highlights of the Transaction

• Under the terms of the Transaction, each of the issued and outstanding common shares of INV Metals that DPM does not currently own will be exchanged for 0.0910 of a DPM common share.

• The Transaction has strong shareholder support, with management and directors of INV Metals and IAMGOLD Corporation (“IAMGOLD”) entering into voting support agreements representing, in aggregate, approximately 47% of the outstanding common shares of INV Metals.

• The exchange ratio implies consideration of C$0.80 per INV Metals common share based on the preceding 5-day volume-weighted average price (“VWAP”) of DPM on the Toronto Stock Exchange (“TSX”) for the period ending May 28, 2021. This represents a 63% premium to the closing price of INV Metals common shares on the TSX on May 28, 2021.

• The implied equity value of the Transaction on a 100% and fully-diluted basis is equal to approximately C$132 million and C$104 million for the portion not owned by DPM.

• Upon completion of the Transaction, existing DPM and INV Metals shareholders will own approximately 94.5% and 5.5% of the pro forma company, respectively.

Strategic Rationale for DPM

• The Loma Larga gold-copper-silver project (“Loma Larga” or “the Project”) is well-aligned with DPM’s core strengths and unique capabilities to unlock value:

  • Similar geology, mining method and processing flow sheet to DPM’s Chelopech underground copper-gold mine, which DPM has developed into a world-class, modern operation;

  • The Project will benefit from additional engagement with local stakeholders as was also the case in the initial stages of development for Ada Tepe, which is now a highly successful DPM operation that enjoys strong support from local communities; and

  • A portion of the production includes complex concentrate, which can be processed at DPM’s Tsumeb smelter or other outlets.

• Adds high-quality growth asset to DPM’s portfolio: Loma Larga has the potential to produce an annual average of approximately 200,000 gold ounces (“Au oz.”) in its first five years. Life of mine production is estimated to be approximately 170,000 Au oz. per year at an attractive all-in sustaining cost, net of by-products (“AISC”), of approximately US$630/oz.¹, which continues to support DPM’s peer-leading cost profile.

• Strong reserve base and economic profile: Loma Larga adds approximately 2.6 million Au eq. oz. of high-grade mineral reserves for an initial 12-year mine life with compelling economic returns.¹

• Attractive valuation metrics: Transaction is expected to be accretive to DPM shareholders on a reserves and net asset value per share basis.

• Strong upside potential: DPM intends to explore further optimization studies at Loma Larga while continuing to advance the permitting process.

• Disciplined approach to project development: Ability to minimize up front spend during the permitting process while engaging with local communities in line with international best practices. As well, DPM will work to secure an investor protection agreement with the Ecuadorian government prior to making any significant capital commitments.

• Maintains DPM’s financial flexibility: Transaction size preserves DPM’s strong balance sheet and its ability to pursue additional growth opportunities, while also continuing to return capital to shareholders.

“This transaction leverages our proven strengths as an environmentally and socially responsible mining company, and we look forward to engaging with all national and local stakeholders,” said David Rae, Dundee Precious Metals’ President and Chief Executive Officer. “Loma Larga adds a high-quality, advanced stage gold project to our portfolio that has the potential to generate meaningful production growth and significant value for our stakeholders.”

“Our approach to advancing Loma Larga will benefit from our firm commitment to the highest standards for engagement with local communities and environmental stewardship, in addition to our development and operating experience to further unlock the significant potential of the project.”

Candace MacGibbon, Chief Executive Officer of INV Metals, said, “We are very pleased to announce this transaction today following many years of hard work and dedication from the INV Metals team. We believe DPM is uniquely positioned to move Loma Larga forward, and as such, this transaction is not only an excellent outcome for our shareholders, but also one with the potential to offer tremendous benefits for both the project’s national and local stakeholders in the coming years.”

Transaction Summary

The Transaction will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario), requiring the approval of: (i) at least 66 2/3% of the votes cast by the shareholders of INV Metals; and (ii) a simple majority of the votes cast by holders of INV Metals excluding for this purpose the votes attached to INV Metals common shares held by DPM and any other person as required under Multilateral Instrument 61-101 “Protection of Minority Security Holders in Special Transactions”, at a special meeting of INV Metals’ shareholders called to consider, among other matters, the Transaction.

IAMGOLD, along with the directors and officers of INV Metals, holding 36% and 11%, respectively, of the issued and outstanding common shares of INV Metals, have entered into voting support agreements with DPM, pursuant to which they have agreed, among other things, to vote their INV Metals shares in favour of the Transaction. Together with the shares already owned or held by DPM, this represents approximately 70% of INV Metals issued and outstanding shares that will be voted in support of the Transaction.

In addition to shareholder and court approvals, the Transaction is subject to applicable regulatory approvals including, but not limited to, TSX approval and the satisfaction of certain other closing conditions customary in transactions of this nature. The Arrangement Agreement contains customary provisions including non-solicitation, “fiduciary out” and “right to match” provisions, as well as a C$4.53 million termination fee payable to DPM under certain circumstances. The Arrangement Agreement, which describes the full particulars of the Arrangement, will be made available on SEDAR under the issuer profiles of DPM and INV Metals at www.sedar.com.

Full details of the Transaction will be included in the INV Metals management information circular which is expected to be mailed to shareholders in June 2021 and made available on SEDAR under the issuer profile of INV Metals at www.sedar.com. The shareholder meeting is expected to be held in July 2021 and the Transaction is expected to close shortly thereafter.

Board of Directors’ and Special Committee Recommendations

The Arrangement Agreement has been unanimously approved by the Boards of Directors of DPM and INV Metals, excluding David Rae, President & CEO of DPM, who abstained from voting on the Transaction in each case as he is also a director of INV Metals. INV Metals’ Board of Directors and the special committee of the Board of Directors (the “INV Metals Special Committee”) unanimously recommend that INV Metals shareholders vote in favour of the Transaction.

BMO Capital Markets has provided a fairness opinion to the Board of Directors of INV Metals and Trinity Advisors Corporation has provided a fairness opinion to the INV Metals Special Committee, each stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be paid under the Transaction is fair, from a financial point of view, to INV Metals shareholders, other than DPM.

The INV Metals Special Committee also engaged Segal Valuation & Transaction Advisory LLP (“Segal”) as an independent valuator to prepare a formal valuation of the INV Metals common shares pursuant to MI 61-101. The INV Metals Special Committee received the formal valuation from Segal, which concluded that, subject to the scope of review, assumptions, limitations and qualifications set forth therein, as of May 30, 2021, the consideration to be paid under the Transaction is within the valuation range determined by Segal.

Advisors and Counsel

RBC Capital Markets is acting as financial adviser to DPM and Stikeman Elliott LLP and Flor & Hurtado are acting as DPM’s legal advisers.

BMO Capital Markets is acting as financial adviser to INV Metals in connection with the Transaction. INV Metals’ Special Committee engaged Trinity Advisors Corporation to provide an independent fairness opinion. Cassels Brock & Blackwell LLP is acting as INV Metals’ legal adviser.

Conference Call and Webcast Information

DPM will hold a conference call and webcast to discuss the Transaction, which will be held on Monday, May 31 at 8:30 AM EDT, followed by, followed by a question-and-answer session. The call-in numbers and webcast details are as follows:

About Dundee Precious Metals

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia and Serbia. The Company’s purpose is to unlock resources and generate value to thrive and grow together. This overall purpose is supported by a foundation of core values, which guides how the Company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its stakeholders. DPM currently has an A rating from MSCI ESG Ratings, an independent ESG rating agency. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. More particularly and without limitation, this press release contains forward-looking statements and information regarding the anticipated benefits of the proposed Transaction, and the anticipated timing of the completion of the Transaction. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the risk factor disclosure contained in the filings made by DPM and INV Metals with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.

In respect of forward-looking statements and information concerning the anticipated benefits and timing of the completion of the proposed Transaction, each of DPM and IMV Metals have provided such statements and information in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary court and shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Transaction, and other expectations and assumptions concerning the proposed Transaction. The anticipated dates indicated may change for a number of reasons, including the necessary court and shareholder approvals or the necessity to extend the time limits for satisfying the other conditions for the completion of the proposed Transaction. Although DPM and INV Metals each believe that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to each management as of the date hereof, it can give no assurance that these expectations will prove to have been correct, that the proposed Transaction will be completed or that it will be completed on the terms and conditions contemplated in this press release.

Risks and uncertainties inherent in the nature of the proposed Transaction include, without limitation, the failure of the parties to obtain the necessary shareholder and court approvals or to otherwise satisfy the conditions for the completion of the Transaction; failure of the parties to obtain such approvals or satisfy such conditions in a timely manner; significant transaction costs or unknown liabilities; the failure to realize the expected benefits of the Transaction; and general economic conditions. Failure to obtain the necessary shareholder and court approvals, or the failure of the parties to otherwise satisfy the conditions for the completion of the Transaction or to complete the Transaction, may result in the Transaction not being completed on the proposed terms or at all. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, DPM and INV Metals each disclaim any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

DPM Qualified Person

All scientific and technical information in this news release with respect to DPM and its assets were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and were reviewed and approved by Ross Overall, Corporate Mineral Resource Manager of DPM, who is a qualified person as defined under NI 43-101, and not independent of the Company.

INV Metals Qualified Person

All scientific and technical information in this news release with respect to INV Metals and its assets were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101 and were reviewed and approved by Bill Shaver, P. Eng, a mining engineer and Chief Operating Officer of INV Metals, who is the qualified person for the purpose of NI 43-101.

Non-IFRS Measures

The information in this news release includes the following non-IFRS financial measure: all-in sustaining costs (AISC). These financial measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. Management of DPM and INV Metals believe that the use of these non-IFRS measures will assist analysts, investors and other stakeholders of the companies in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing the companies’ operating performance, the combined company’s ability to generate free cash flow from current operations and to generate free cash flow on an overall company basis, and for planning and forecasting of future periods. However, AISC does have limitations as an analytical tool as it may be influenced by the point in the life cycle of a specific mine and the level of additional exploration or expenditures a company has to make to fully develop its properties. Accordingly, these non-IFRS measures should not be considered in isolation, or as a substitute for, analysis of the companies; results as reported under IFRS. A reconciliation of the non-IFRS measures presented in this news release is contained in DPM's most recently filed annual MD&A, which is available on SEDAR at www.sedar.com.

Additional Information

Additional information about DPM and INV Metals can be found under their respective corporate profiles on SEDAR at www.sedar.com, or respective websites at www.dundeeprecious.com and www.invmetals.com, or by contacting the contacts above.

¹ For more information refer to the technical report “NI 43-101 Feasibility Study Technical Report, Loma Larga Project, Azuay Province, Ecuador” dated April 8, 2020, available at www.sedar.com

Kirkland Lake, Ontario–(Newsfile Corp. – May 31, 2021) – RJK Explorations Ltd. (TSXV: RJX.A) (OTC: RJKAF) ("RJK" or "the Company") is halfway through a minimum 10-hole drill program to follow up on its original diamondiferous Kon Kimberlite sill discovery, originally announced February 5, 2020. The objective is to establish the source feeder location, create a 3D model, and correlate the different kimberlite layers to optimize the microdiamond sampling by discrete phases. As of May 31, 2021, five drill holes have been completed with correlatable phases recognized between holes. A brief description of the geological logging follows:

KON-21-01: This diagonal hole was planned to extend the KON kimberlite structure northward into the magnetic high, rimming the main kimberlite discovery. The drill hole advanced through 6.5 m of glacial till, then intersected Huronian conglomerate from 6.5m to 18.5m, then mafic syenite to 32.5m followed by 3 interbedded phases of volcaniclastic kimberlite breccia and hypabyssal kimberlite from 32.5 m to 72.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 72.1 m to 101.2 m.

KON-21-02: This diagonal hole was planned to extend the KON kimberlite structure northwest into the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 7.1 m of glacial tills then followed by 3 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 7.1 m to 42.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 42.1 m to 116.9 m.

KON-21-03: This diagonal hole was planned to test a N/S trending magnetic low cross-cutting the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 7.0 m of glacial tills then followed by a mafic syenite package from 7.0m to 130m. A silicified, pyritized alteration zone was intersected from 110m to 130m explaining the magnetic low target. Gold assays are pending from the silicified alteration zone.

KON-21-04: This vertical hole was planned to test the center of the KON kimberlite structure. The drill hole advanced through 5.8 m of glacial tills, then intersected 6 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 5.8 m to 120.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 120.1 m to 143.2 m.

KON-21-05: This diagonal hole was planned to extend the KON kimberlite structure eastward into the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 16.5 m of glacial tills, then mafic syenite to 94.7 m, followed by 5 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 94.7 m to 250 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 250 m to 253 m.

KON-21-06 is currently being drilled from the southern magnetic high rim of the anomaly due north.

Diamond results from Kon were announced July 21, 2020, which included 7 natural microdiamonds, varying in colour, from clear to white. They were recovered from the 277 kg (611 lb) drill core sample, from 5 different kimberlite phases, which could represent separate eruptions. Three of the diamonds were chips with a greenish tinge and the other four are white diamond chips and macles. The chips are generally flat with one being triangular shaped, possibly a broken fragment from a larger stone. There were no inclusions in the diamonds recovered.

Exploratory Drilling

Earlier drilling in Lorrain Township in March and April intersected mineralization that has been sent for assay. Detailed logging indicates pyritic mineralization in several intervals from holes NL-21-02, PL-21-02 and GLH-21-01 which will be analysed for gold. Assays are pending. These drill test holes followed sampling done in 2012 by Hubacheck and Associates, which outlined gold in a basal till dispersion train to the south west of Paradis Pond. Two samples reported 22 and 11 gold grains with up to 6 pristine gold grains, indicating a likely source closeby. A magnetic high alteration zone target, south of Nicol Lake, hosted in Lorrain Granite and up-ice of the anomalous gold grains, was drill tested. Interpreted fault trends bounding this target area were also drill tested.

Kimberlite Processing Update

RJK has utilized two kimberlite labs over the past 6 months to process a total of 12,222.5 kg of kimberlite from 7 anomalies in Lorraine township. A mixture of diamond drill core, reverse circulation cuttings and surface excavation were sampled and the final results from all three methods are expected by the end of June 2021.

Peter Hubacheck comments, "In 17 months, RJK has discovered 8 new kimberlites in the Historic Cobalt Mining Camp, including a unique type of unconsolidated, near-surface kimberlite in 7 locations, previously not found in the Temiskaming Structural Rift Zone. To date, we have preliminary results on 2 of the 8 kimberlites, analysed for diamonds and indicator mineral chemistry. Detailed logging of diamond drill core and reverse circulation drill chips indicate possibly recent kimberlite eruptions occurring during the waning stages of the Quaternary Ice Age in Lorrain Township. We require the reports from the ongoing lab analysis to determine the diamond potential of the discoveries, and to plan future bulk sampling programs."

Mr. Peter Hubacheck, P. Geo., Project Manager for RJK and the Qualified Person as defined by National Instrument 43-101 has approved the technical disclosure in this release.

Contact Information

Glenn Kasner, President and CEO
Mobile: (705) 568-7567
info@rjkexplorations.com

Web Site: https://www.rjkexplorations.com/
Company Information: Tel: (705) 568-7445

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

Forward-Looking Information

This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning future mineral exploration and property option payments. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "will", "anticipate", "believe", "plan", "estimate", "expect", "intend", "propose" and similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to, the financial resources of the Corporation being inadequate to carry out its stated plans. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85863

VANCOUVER, BC, May 31, 2021 /PRNewswire/ – Uranium Royalty Corp. (TSXV: URC) (NASDAQ: UROY) ("URC" or the "Company") announced today the grant of incentive stock options to purchase 725,000 common shares of the Company (the "Options") to certain directors, officers, employees and consultants of the Company pursuant to the Company's long term incentive plan (the "Plan"), which included 450,000 Options issued to directors and officers of the Company. The Options have an exercise price of $3.49 per share, representing the market price for the common shares on May 28, 2021, and are valid for a period of five years. The Options vest over a period of eighteen months.

The Company further announces that it has entered into a digital marketing agreement with Wallace Hill Partners Ltd. ("WHP"), an independent company that provides digital marketing services to public companies. The engagement has a 12-month term and may be terminated by the Company at any time. Pursuant to the agreement, the Company will pay $100,000 to WHP in consideration for the services provided thereunder, including, among other things, online marketing and publishing services through internal and third-party advertisers, to further increase the Company's profile. In addition to the Option grants to directors, officers, employees and consultants set forth above, the Company has granted Options to purchase 150,000 common shares of the Company to WHP. Such Options have an exercise price of $3.49 per share and are valid for a period of two years. The options vest incrementally over a 12-month period.

About Uranium Royalty Corp.

Uranium Royalty Corp. (URC) is a pure-play uranium royalty company focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, as well as through holdings of physical uranium.

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

View original content:http://www.prnewswire.com/news-releases/uranium-royalty-corp-grants-incentive-stock-options-301302439.html

SOURCE Uranium Royalty Corp.

Virtual Investor Day IV – June 8-10, 2021
Featuring 24 Premier Companies
Sponsored by Laurentian Bank Securities

Toronto, Ontario–(Newsfile Corp. – May 31, 2021) – IR.INC Capital Markets & Advisory Services ("IR.INC") and Follow the Money Investor Group ("FTMIG") along with major sponsor Laurentian Bank Securities, are pleased to welcome Mr. Pierre Lassonde, Chairman and CEO of Firelight Investments, as a Featured Keynote Speaker at Virtual Investor Day IV ("VID IV"), to be held June 8, 9, 10, 2021.

Mr. Lassonde, a well-known Mining Industry Leader, is a co-founder of Franco-Nevada and was elected as Chair Emeritus of Franco Nevada in 2020. He served as Chairman of the World Gold Council from 2005 to 2009 and was inducted into the Mining Hall of Fame in 2013. Mr. Lassonde is a member of the Order of Canada and Grand Officer of the National Order of Québec.

IR.INC and FTMIG invite you to join us for a three-day lineup of 24 premier presenting companies who will share their latest updates on assets and strategies along with key industry thought leaders who will discuss their overall views on commodities, the markets and their expectations.

Please find out more and register for VID IV, by clicking the link:

https://www.bigmarker.com/series/virtual-investor-day-iv/series_summit

About VID Virtual Series Conferences^TM

VID provides a unique and completely interactive platform for feature companies and participants. Feature companies will have 30 minutes to outline their investment opportunity, while stakeholders and the audience will be invited to engage via live commentary, direct Q&A with management, polls and other interactive tools during each presentation.

About IR.INC

IR.INC Capital Markets Advisory & Services works with its clients to develop and deploy strategic plans and build industry alliances while providing shareholder introductions and solutions. The Company also provides a number of traditional Investor Relations Services. You can find out more about IR.INC here www.irinc.ca

About FTMIG

Follow the Money Investor Group is a financial portal that provides content and information needed to navigate the ever-changing capital markets. Our global community of visitors and investors are able to use our platform to discuss and collaborate daily on all facets of their current

and potential investments. Our goal is to help retail investors make the right financial decisions that fit their individual needs. You can find out more about FTMIG here www.ftmig.com.

About Laurentian Bank Securities

Laurentian Bank Securities expanded its product offering in May 2006 with the inception of an Equities division focusing on Canadian-listed companies, with a full-service offering including research, sales, trading and investment banking. This strategic initiative compliments Laurentian Bank Securities' highly-regarded Fixed Income division and sits as a cornerstone for the firm's long-term growth strategy.

Our mission consists of sourcing investment ideas that will generate higher returns for our clients. We remain true to Laurentian Bank's culture, putting clients first and encouraging independent thinking. Our expertise focuses on the analysis of companies with an emphasis on identifying emerging investment trends and the underlying companies that offer sustainable growth, attractive risk-adjusted valuations and which are led by strong, driven management teams.

Timely and insightful research remains the primary driver for the group, along with providing value-added service to both our corporate and institutional clients. We currently cover six sectors considered to be of high importance and an integral part of the Canadian economic engine. Presently, the sectors covered are: Base and Precious Metals, Industrials & Transportation, Utilities, Diversified Technology, REITS and Special Situations.

Disclaimer

Follow the Money Investor ("FTMIG") is an online investor community that connects investors and public companies. Both FTMIG and IR.INC are not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies.

Both FTMIG and IR.INC and their affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this conference. Please seek professional advice to evaluate specific securities or other content discussed during this event. Links, if any, to third party sites are for informational purposes only, and not for trading purposes. FTMIG and IR.INC. and their affiliates have not prepared, reviewed or updated any content on third party sites and assume no responsibility for the information posted on them.

For further information, please contact:

Joanne Jobin, Principal
IR.INC | Capital Markets Advisory & Services
jjobin@irinc.ca
www.irinc.ca

Karl Boyd, President
Follow the Money Investor Group
kboyd@ftmig.com
www.ftmig.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85886