VANCOUVER, BC / ACCESSWIRE / May 14, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that it has signed a one year contract with 121 Group Ltd., publishers of The Assay Group Mining Magazine. 121 Group Ltd. is based in Hong Kong, and the USD $15,000 annual fee is for a package that includes feature profiles in 4 editions of The Assay, weekly newsletter profile features, up to 4 Assay TV interviews, and select Commerce news releases to be covered by content writers, social media channels and The Assay Weekly.

The Assay is a 121 Group initiative that provides a print and online platform for leading fund managers and analysts to share their investment outlooks and market insights. Each edition of The Assay showcases a range of exploration, development, and production assets, providing both private and publicly listed companies' year-round global exposure to the institutional mining investor community.

The agreement with 121 Group Ltd. is subject to approval by the TSX Venture Exchange.

About Commerce Resources Corp.

Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Upper Fir Tantalum-Niobium Deposit in British Columbia.

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

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

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

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

Cautionary Statement Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding coverage and investor relations to be done by The Assay. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the Exchange may not approve the contract; The Assay may not complete what has been contracted; and those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/647578/Commerce-Resources-Corp-Announces-Agreement-with-121-Group-Ltd

Silver Bear Resources Plc ("Silver Bear" or the "Company") (TSX: SBR) announces the filing of its unaudited financial results for the three-month period ended 31 March 2021 today, including development highlights from its Mangazeisky silver project in Far East Russia.

For complete details of the unaudited consolidated financial statements ("Financial Statements") and associated management’s discussion and analysis ("MD&A"), please refer to the Company’s filings on SEDAR (www.sedar.com) or the Company’s website (www.silverbearresources.com).

Q1 2021 HIGHLIGHTS

During the three-month period ended 31 March 2021 the Group production statistics included:

• Mined a total of 25,179 tonnes of ore, processed 23,825 tonnes of ore at an average grade of 645 g/t of silver, producing a total of 436,086 ounces of silver;

• Sold a total of 495,230 ounces of silver totaling production revenue of US$13,123,020 and reported a total comprehensive loss of $9,088,515 and an accumulated deficit of $228,374,679.

• In the first quarter 2021, the Group entered into a loan agreement with SKA ASSETS MANAGEMENT LIMITED, a company under common control with Inflection, in the amount of RUB 750,000,000 (equivalent to approximately C$12,000,000) with an interest rate of 8.27% per annum, which interest shall accrue on a monthly basis. The Principal will be due and payable on 31 December 2021.

• On 30 March 2021, the Group announced the filing of the final WAI NI 43-101 technical report titled "Mangazeisky Silver Project MRE Update and Strategy Re-assessment, Republic of Sakha (Yakutia), Russian Federation" (the "Final WAI Report"). For full details on the Final WAI Report please see the Operations section in the Q1 2021 MD&A.

• As of the date of this report, the Group confirms there have been no major disruptions at the mine site or to the Group’s planned production and operations due to the COVID-19 pandemic.

MANGAZEISKY SILVER PROJECT COMMERCIAL PRODUCTION

The table below details the production highlights for three-month period ended 31 March 2021 and 2020.

Production Highlights

Development & Operational Activities

During the first quarter 2021, the Group mined 29% less ore compared to the same quarter in 2020, as it moved deeper into Vertikalny open pit and further open pit extension required. Mining head grade reduced from first quarter 2020 to first quarter in 2021 by 9%, however recoveries increased by 12% as a result of several factors notably the full year of operating the Merrill Crowe process (a separation technique) at the end of the technological processing circuit and the operational efficiencies implemented during the year. The 5% decrease in the silver production in the first quarter 2021 over 2020, is primarily due to volume of processed ore and head grade. The Group’s first quarter 2021 revenues increased by 65% compared to first quarter 2020, due to increased silver recovery and the improvement of the average price of silver in the first quarter of 2021.

During the 2021 winter road procurement and transportation campaign the company delivered approximately 14,000 tonnes of dry cargo and fuel, including regular operation supplies as well as construction materials for the flotation facility currently being built.

The construction of the flotation facility is underway. During the first quarter of 2021 the construction of the foundation was substantially completed. The plan is to compete the construction and put the facility into production by end of Q2 2022.

As of the date of this report there are approximately 236 Prognoz employees at site. There are also 59 contractors, namely catering, process consultants, and construction workers. As of 31 March 2021, there was no lost time recorded accident at site.

In light of the World Health Organization ("WHO") declaring COVID-19 a global pandemic in March of this year, the Group has developed and implemented a response and mitigation plan for both its Yakutsk head office and Mangazeisky mine site. At the date of this report the Group has had no major disruptions at either sites or to our planned production and operations, however we continue to monitor the situation ensuring we keep the safety of our work force our main priority.

About Silver Bear

Silver Bear (TSX: SBR) is focused on the development of its wholly-owned Mangazeisky Silver Project, covering a licence area of approximately 570 km² that includes the high-grade Vertikalny deposit (amongst the highest- grade silver deposits in the world), located 400 km north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April 2018, the Company attained first silver production as a result of commissioning activities and on 1 July 2019 the Company achieved full commercial production. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Company’s website at www.silverbearresources.com.

Cautionary Notes

This release and subsequent oral statements made by and on behalf of the Company may contain forward-looking statements, which reflect management's expectations. Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, the Company cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the results expressed or implied in the forward-looking statements. Such risk factors include, but are not limited, to the risk factors identified by the Company in its continuous disclosure filings filed from time to time on SEDAR. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause the Company's actual results, events, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210514005429/en/

Contacts

Vadim Ilchuk
President and Chief Executive Officer
T: +7 985 866 8877
info@silverbearresources.com

Judith Webster
Investor Relations Manager & Corporate Secretary
T: +416 453 8818
jwebster@silverbearresources.com

Image source: The Motley Fool. Pan American Silver (NASDAQ: PAAS)Q1 2021 Earnings CallMay 13, 2021, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorThank you for standing by.

A look at the shareholders of Anglo Pacific Group plc (LON:APF) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of UK£330m, Anglo Pacific Group is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Anglo Pacific Group.

See our latest analysis for Anglo Pacific Group

What Does The Institutional Ownership Tell Us About Anglo Pacific Group?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

As you can see, institutional investors have a fair amount of stake in Anglo Pacific Group. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Anglo Pacific Group's earnings history below. Of course, the future is what really matters.

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Anglo Pacific Group is not owned by hedge funds. Aberforth Partners LLP is currently the largest shareholder, with 10% of shares outstanding. With 7.5% and 6.6% of the shares outstanding respectively, Schroder Investment Management Limited and Hargreave Hale Limited, Asset Management Arm are the second and third largest shareholders. Additionally, the company's CEO Julian Treger directly holds 2.2% of the total shares outstanding.

We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Anglo Pacific Group

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

I can report that insiders do own shares in Anglo Pacific Group plc. In their own names, insiders own UK£8.8m worth of stock in the UK£330m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.

General Public Ownership

The general public, with a 15% stake in the company, will not easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Private Company Ownership

It seems that Private Companies own 3.9%, of the Anglo Pacific Group stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should be aware of the 2 warning signs we've spotted with Anglo Pacific Group .

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

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

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

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

TORONTO, May 14, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) and (FRA: E4X2) ("Excellon" or the "Company") is pleased to report that shareholders voted in favour of all items of business, including the election of directors at the 2021 Annual General Meeting held on May 13, 2021 (the "AGM"). Detailed results from the election of directors are set out below:

Prior to the AGM and after the Company mailed its Management Information Circular dated March 16, 2021, Mr. Farncomb decided not to stand for re-election as a director of the Company due to other personal and business commitments. Mr. Farncomb was an exceptional member of the Board and Excellon team since joining in December 2017 and the Board of Directors extends best wishes for his future endeavours.

Complete voting results are available on SEDAR at www.sedar.com.

About Excellon

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities, and shareholders. The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico's highest-grade silver mine since production commenced in 2005; Kilgore, a high quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company also aims to continue capitalizing on current market conditions by acquiring undervalued projects.

Additional details on Excellon's properties are available at www.excellonresources.com.

SOURCE Excellon Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/14/c1929.html

VANCOUVER, BC, May 14, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Lithium Chile Inc.

TSX-Venture Symbol: LITH

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 7:45 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/May2021/14/c9391.html

Figure 1.

Plan map of Winter 2021 drilling at Glade

Figure 2.

Plan map of Winter 2021 drilling at Jovan

Picture 1

Visible gold in hole AG-21-097

TORONTO, May 13, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) reports on results from its Winter 2021 drilling program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario. Of significant note, a high-grade discovery was made in the Glade area, 800 m south of the historical Scadding Mine with results highlighted by 5.17 g/t gold over 22.67 m, including 113 g/t gold over 0.96 m. Ground exploration will begin next week to develop new targets on the 2.3 km Alkin-Glade trend for the next round of drilling.

Highlights include:

• Glade – High-grade gold mineralization was discovered 800 m south of the historical Scadding Mine (Figure 1):

  • 5.17 g/t gold over 22.67 m, including 113 g/t gold over 0.96 m in hole AG-21-097.

  • Visible gold was observed in both holes AG-21-096 and AG-21-097.

  • The iron-chlorite alteration that hosts gold at Glade appears similar to that of the Scadding Deposit and could indicate a large mineralized system.

• Jovan – Gold mineralization with associated silver and nickel mineralization was intersected (Figure 2):

  • 0.88 g/t gold over 6.25 m in hole JV-21-093 – confirming and extending the Palkovits Gold Structure

  • High-grade silver mineralization with 774 g/t Ag over 1.22 m in hole JV-21-088.

Mia Boiridy, President and CEO, comments, “The results at Glade are exciting. Not only did we intersect quartz veins with high-grade gold, but the presence of iron-chlorite alteration, similar to what is seen at Scadding, indicates that this area may represent an extension of that mineralized system. We will immediately follow up on this discovery and look to extend the high-grade gold mineralization along the 2.3 km trend between the Glade showings and the historical Alkin mine. Mechanized stripping and trenching will begin next week to expose mineralization at surface and define our next round of drilling.”

“We are equally pleased to report that the drill results from Jovan have confirmed and extended the Palkovits Gold Structure and intersected high-grade silver. While Glade is showing a potential extension of the high-grade gold mineralized system of the Scadding area, the Jovan results confirm our theory that a much larger gold/polymetallic system is at work on our large SPJ Project”.

Figure 1. Plan map of Winter 2021 drilling at Glade
https://www.globenewswire.com/NewsRoom/AttachmentNg/7f9a89cb-c5cf-4025-9349-1283c58f99bb

Figure 2. Plan map of Winter 2021 drilling at Jovan
https://www.globenewswire.com/NewsRoom/AttachmentNg/b9e0f125-8072-473f-8ac4-1480463796f8

Table 1. Reported assays – Winter 2021 drill program

*Assay results are presented over core length. As they represent discoveries, additional drilling is necessary to estimate the true width of the discovered zones of mineralization.

Table 2. Coordinates of reported holes

Alkin-Glade

The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization – the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins was reported historically. Many old trenches, now overgrown with vegetation, are the only evidence of the 1930s and 1940s exploration work done at Glade with gold mineralization still exposed at the Glade East and Glade West showings.

The historical Alkin gold mine is located 2.3 km W-NW of the Glade showings. At the Alkin mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that the qualified person has not done enough work to validate the accuracy of the historical results.

MacDonald Mines’ drilling in the Glade area was centered on the Glade West Showing identified in the 1930s and 1940s and prospected by MacDonald Mines in 2019 where grab samples returned up to 18.53 g/t gold (see October 1, 2019 News Release). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization.

Diamond drilling under the Glade West Showing in holes AG-21-096 and AG-21-097 revealed a large alteration and mineralization system where shear-hosted quartz veins are surrounded by networks of gold mineralized, multidirectional and variably spaced quartz tension veins concentrated in the Nipissing intrusion. Visible gold was observed in many of the quartz veins in both holes AG-21-096 and AG-21-097. In AG-21-097, one of those veins contained significant amounts of visible gold (Picture 1).

Picture 1. Visible gold in hole AG-21-097
https://www.globenewswire.com/NewsRoom/AttachmentNg/885aedf9-9bd5-4009-94cf-1536891fb10e

In some of the quartz veins, visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West Showing is similar to the association between iron-chlorite and gold at the Scadding Deposit. The potential relationship between the mineralization observed at Glade and the Scadding Deposit, located 800 m north, could represent a considerable extension to that mineralized system.

Jovan
MacDonald completed eleven (11) holes (JV-21-084 to JV-21-094) for a total of over 3,187 m at Jovan to test the polymetallic potential of the area. The drilling targets were selected based on favourable geology, proximity to or spatial association with known mineralization at surface and sizeable geophysical responses detected by the IP survey. Drilling occurred principally in the Ess Creek Deformation Zone and the Palkovits Structure.

In the Ess Creek Deformation Zone, holes JV-21-084, JV-21-085 and JV-21-088 targeted a broad zone of low resistivity detected by the IP survey that is spatially overlapping a positive magnetic anomaly as well as surface sulphide and iron-oxide mineralization with cobalt, copper and nickel. Drilling confirmed that the sulphide and iron-oxide mineralization does extend at depth and that it corresponds with the zone of low resistivity that was detected by the IP survey.

Hole JV-21-084 shows anomalous nickel with elevated palladium associated with sulphide mineralization. In addition, drilling identified many discrete shear and fault zones in the Ess Creek Deformation Zone that are mineralized with precious metal, including an intersection of high-grade silver mineralization in a fault seam in JV-21-088.

Holes JV-21-086 and JV-21-087 targeted the lateral extension of the structural zones intersected in holes JV-21-084 and JV-21-085. Both holes intersected anomalous gold in mineralized structures of the Ess Creek Corridor associated with concentrations of arsenopyrite and pyrite in albitized intrusive and sedimentary rocks.

Upcoming Webinar
MacDonald Mines is providing an opportunity for shareholders and other interested parties to participate in a webinar on Tuesday, May 18, 2021, at 4:00 pm EDT. Click on the following link https://zoom.us/webinar/register/WN_dhhztDsGQk6pO4b_LQVSPA to register. After registering, you will receive a confirmation email containing information about joining the webinar.

Qualified Person
Jean-François Montreuil, P.Geo., Chief Geologist of MacDonald Mines, is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for preparing, supervising, and approving this news release's scientific and technical content.

On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The samples transported to Actlabs were dropped in rice bags with security seals by Manitoulin Transport. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

MacDonald Mines has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates. All samples over 10 g/t gold or the samples with abundant visible gold are analyzed using a 1-kilogram metallic screen. Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

COVID-19 Precautions
MacDonald Mines has developed and implemented precautions and procedures that are compliant with Ontario’s health guidelines. Strict protocols are in place to ensure the safety of all staff and contractors, thereby reducing the potential for community contact and spreading of the virus.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK".

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,340 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Mia Boiridy, President & CEO, (250) 575-3305, mboiridy@macdonaldmines.com

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.

Pilot Program Has Processed 13 Metric Tonnes of Battery Graphite

Feasibility Study Underway with Samuel Engineering

Exploration and Development Drill Program Underway at Coosa Graphite Deposit

Westwater Resources, Inc. (NYSE American: WWR), an explorer and developer of U.S. mineral resources essential for batteries for energy storage, today announced its results for the quarter ended March 31, 2021.

"As I mentioned in our 2020 year-end earnings release in February, we had an immensely successful 2020, and I am very proud to state the first quarter ended March 31, 2021 has continued this trend," said Chris Jones, CEO of Westwater Resources. "The President signed a declaration naming graphite critical to the safety and security of the United States. We believe this declaration, and the actions expected to follow it, will have a significant positive impact on our ability to develop and build our graphite business."

"The definitive feasibility study for the Coosa Graphite Project processing facility is underway and, when completed at mid-year 2021, will provide detailed specifications and inform the detailed engineering work we need to execute prior to construction," Jones continued. "This design work is expected to be used to start construction of the plant toward the end of 2021. At this time, we have processed over 13 metric tonnes of our battery product material during our pilot program, and the three products we produced can go to potential customers for testing."

"Exploration and development drilling on the Coosa Graphite Deposit began in April 2021," Jones concluded. "We are expanding our knowledge of the graphite deposit with this 10,000-foot program. Assays for both graphite and vanadium, an important alloy material for high strength and tool steels, will be performed and integrated into our geologic model, then used to re-optimize the extraction of the resource and re-estimate the deposit economics. I’m thrilled with the progress we’re making, none of which could have been accomplished without the hard work of our dedicated and innovative management team and drilling contractor.

Financial Summary

• Net Cash Used in Operations. Net cash used in operating activities was $4.9 million for the three months ended March 31, 2021, as compared with $3.5 million for the same period in 2020. The $1.4 million increase in cash used was primarily due to increased graphite product development expenses, general and administrative expenses, and arbitration costs in 2021 compared to 2020, offset by the elimination of costs from discontinued operations and an increase in cash from working capital items of $0.6 million.

• Product Development Expenses. For the three-month period ended March 31, 2021, $1.8 million was spent on product development. Of that, approximately $1.2 million related to the operation of our graphite processing pilot program with the remaining attributable to product testing and other lab work, shipping, travel, and other auxiliary costs associated with the Coosa Graphite Project.

• General and Administrative Expenses. For the three months ended March 31, 2021 general and administrative expenses increased by $0.3 million from the respective period in 2020. The difference is primarily due to increased legal and consulting expenses related to the Company’s Coosa Graphite Project.

• Arbitration Costs. During the first quarter of 2021, Westwater incurred arbitration related legal and expert consulting costs of $1.5 million. This represents an increase of 114% or $0.8 million in costs associated with the Request for Arbitration against The Republic of Turkey compared to the first quarter of 2020.

• Net Loss. Our consolidated net loss for the three months ended March 31, 2021 was $5.4 million, or $0.19 per share, as compared with a consolidated net loss of $3.3 million, or $0.82 per share for the same period in 2020. The $2.1 million increase in our consolidated net loss from the respective prior period was largely the result of an increase in product development costs, general and administrative costs and arbitration costs, offset by the elimination of $1.1 million in costs from discontinued operations.

• Cash and Working Capital. On March 31, 2021 the Company’s cash balances were $117.9 million and the Company had working capital of $115.1 million, which represented an increase of $66.8 million from a working capital balance of $48.3 million at December 31, 2020. This increase in working capital was primarily the result of a higher cash balance from the sale of shares of common stock for net proceeds of $72.2 million pursuant to our Controlled Equity Offering^SM Sales Agreement with Cantor Fitzgerald & Co. and our Purchase Agreement with Lincoln Park Capital, LLC.

• Shares Outstanding. Total shares outstanding are 32,336,315 as of May 12, 2021.

Conference Call & Webcast

The Company will hold a conference call to discuss its financial results for the first quarter ended March 31, 2021, and the results of business activities during the first quarter, on Thursday, May 13, 2021 at 11:00 AM EDT (9:00 AM MDT and 8:00 AM PDT).

During the call, in addition to financial results, management will discuss the company’s progress at its Coosa Graphite Project in Coosa, AL, recent milestones at its pilot plant and the President’s February 24, 2021 Executive Order that seeks to provide for more resilient supply chains to revitalize and rebuild domestic manufacturing capacity.

DIAL-IN-NUMBERS:

• +1 (800) 319-4610 (US and Canada)

• +1 (604) 638-5340 (international)

• Conference ID: Westwater Resources Conference Call

Replay Numbers

• +1 (855) 669-9658 (US and Canada)

• +1 (412) 317-0088 (international)

• Replay access code 6297

Hosting the call will be Christopher M. Jones, President and Chief Executive Officer of Westwater Resources, who will be joined by Jeffrey L. Vigil, Vice President-Finance and Chief Financial Officer, and Dain McCoig, Vice President of Operations. Mr. Jones will present an update on the Company’s business position, including an update on the Coosa Graphite Project and a review of the operations of the pilot program. Mr. Vigil will review the financial results and financial condition of the Company. Mr. McCoig will be available for questions as part of the call.

The conference call presentation will also be available via a live web cast through the Company’s website, www.westwaterresources.net.

About Westwater Resources

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

Cautionary Statement

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005293/en/

Contacts

Westwater Resources

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

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

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

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. By way of example, Zenith Minerals (ASX:ZNC) has seen its share price rise 272% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

So notwithstanding the buoyant share price, we think it's well worth asking whether Zenith Minerals' cash burn is too risky. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

View our latest analysis for Zenith Minerals

How Long Is Zenith Minerals' Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at December 2020, Zenith Minerals had cash of AU$4.4m and such minimal debt that we can ignore it for the purposes of this analysis. Importantly, its cash burn was AU$2.5m over the trailing twelve months. That means it had a cash runway of around 21 months as of December 2020. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. Depicted below, you can see how its cash holdings have changed over time.

How Is Zenith Minerals' Cash Burn Changing Over Time?

Whilst it's great to see that Zenith Minerals has already begun generating revenue from operations, last year it only produced AU$258k, so we don't think it is generating significant revenue, at this point. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. Over the last year its cash burn actually increased by 49%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Zenith Minerals makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Easily Can Zenith Minerals Raise Cash?

While Zenith Minerals does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Zenith Minerals' cash burn of AU$2.5m is about 3.0% of its AU$82m market capitalisation. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

Is Zenith Minerals' Cash Burn A Worry?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Zenith Minerals' cash burn relative to its market cap was relatively promising. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. On another note, we conducted an in-depth investigation of the company, and identified 4 warning signs for Zenith Minerals (1 is potentially serious!) that you should be aware of before investing here.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

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

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

TORONTO, May 13, 2021 (GLOBE NEWSWIRE) — Sparton Resources Inc. (TSXV.SRI) ("Sparton" or the "Company") announced the beginning of the 2021 field programs in Ontario and Québec, and detailed evaluation of a new poly metallic project in Ontario.

BRUELL PROJECT FIELD PROGRAM VAL D’OR EAST, QUEBEC

Eldorado Gold has initiated field work at Bruell and will continue the comprehensive till / soil survey started in 2020 that will complete coverage of the entire 51 claim property group. The 2020 program consisted of an orientation survey comprising 8 samples, and an additional 27 widely spaced samples were taken generally in the areas south and east from the Avocalon / Aurora shaft area and Area A where Sparton discovered several new gold mineralized zones in its 2018 drill program. (see Sparton News Release dated May 28, 2018). The 2021 work will provide complete coverage over the entire claim area. Eldorado will also complete detailed geological mapping of the property and may begin a drill program in the fall of 2021. The planned budget for Bruell expenditures in 2021 is $400,000.

OAKES PROJECT AREA

The Company plans a comprehensive surface prospecting and trenching program to gain additional information into the mineralizing system tested in the old shaft area. The detailed magnetic survey completed over the entire 41 claim area indicates several major structures that appear to be related to known mineralization and these will be prospected in detail and old trenches associated with them will be reopened and sampled. Prospecting in 2020 located angular boulders of mineralized green carbonate rock in the southern part of the claim area which yielded anomalous gold values. Detailed work will take place in this area as similar material occurs at the west end of open pit previously mined at the nearby Young Davidson Mine. Any favourable zones located by this work will be drill tested later this year.

COPPER – POLY METALLIC PROJECT

The Company has executed an exclusive agreement for one year to do a detailed evaluation of a property hosting an existing copper deposit contiguous to Sparton’s claim holdings in the Oakes Project area. Previously, one zone on the property was reported, effective May 2008, to host a NI 43-101 compliant drill indicated mineral resource containing 5.97 million tonnes grading 0.34%copper, 0.04% molybdenum, 5.9 grams per tonne silver and 0.10 grams per tonne gold. This report was prepared as:

This resource is open to expansion at depth and along strike. Other zones of base metal and gold mineralization are known on the property which have not been tested in detail. The Company plans to undertake a comprehensive technical data review of information available.

CAUTIONARY NOTE

It should be noted that historical results reported here for the Copper Property might be considered Historical Estimates under current NI 43-101 nomenclature, the Company believes the historical data to be reliable and has reviewed them in detail. More work needs to be done however, to verify these historical results.

Further, a qualified person under NI 43-101 has not recently done sufficient work to verify the historical results with new sampling and analyses. Because most of the original samples and drill core used for the previous calculations are however available for re-analysis and testing, these will be used as part of the evaluation work by the Company.

ABOUT THE COMPANY

Sparton is a mineral exploration company currently focused on exploring gold projects near producing mines on or near the major gold producing trends in eastern Ontario and western Québec where it holds interests in two exploration prospects. The Bruell Property in Québec, which hosts a new gold discovery, has been optioned to Eldorado Gold, which owns the nearby producing Lamaque Mine. Eldorado is planning an extensive work program during 2021 with possible drilling late in the year. The Oakes Gold Property and nearby Poly Metallic Copper Property in Ontario are the current focus of the Company’s exploration work program and are in close proximity to Alamos Gold’s producing Young Davidson Mine.

Sparton also holds an interest in VRB Energy Inc., a leading vanadium battery company that is currently private and has recently announced a contract for a 1 gigawatt storage system linked to a major new solar installation in Hubei Province China.

A. Lee. Barker M.A.Sc., P. Eng., is the Qualified Person under NI 43-101 responsible for the technical information in this news release. He has reviewed all available data for the project discussed here and approved the contents of this news release.

For more information contact:
A. Lee Barker, M.A Sc., P. Eng.,
President and CEO
Tel./Fax: 647-344-7734 or Mobile: 416-716-5762
Email: info@spartonres.ca Website:www.spartonres.ca

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

Forward-Looking Statements
Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

We Seek Safe Harbour

TORONTO, May 13, 2021 /PRNewswire/ – Purepoint Uranium Group Inc. (TSXV: PTU) ("Purepoint" or the "Company") today provided an overview of the exploration targets scheduled to be initially drill tested on its 100%-owned Red Willow project in the eastern uranium mine district of the Athabasca Basin, Saskatchewan Canada. By far, the Company's largest project, Red Willow 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.

"The Red Willow property covers numerous high value targets over which we have performed extensive preparatory geophysical surveys and, in some instances, first pass drilling" said Chris Frostad, Purepoint's President and CEO. "Drill permits are in place and it is our intention to begin diamond drilling at this project as soon as possible."

Highlights

• The 100%-owned Red Willow project consists of 17 claims totaling 40,116 hectares on the eastern side of Canada's Athabasca Basin

• Purepoint is currently assembling a diamond drill program and will initially focus on the Osprey Zone

• Additional priority exploration areas include – the Geneva Zone, the Radon Lake Zone, the Golden Eye Zone, Topping Island, the 333 Zone and the CBA Zone

• A Technical Report on the project can be obtained from the Company's web site

• A video tour of the Red Willow project can be viewed at https://youtu.be/5Rte6E3Ht7g

Osprey Zone

Drilling on the Osprey Zone conductor has discovered a lens of uranium mineralization that returned up to 0.20% eU3O8 over 5.8 metres from a shallow depth of 70 metres. The 6-kilometre long "S"-shaped Osprey conductor, host to numerous intercepts of anomalous uranium, has excellent exploration potential at depth below the known mineralized zone and towards the west.

The main mineralized zone has only been drill tested at shallow depths (average hole length < 160 metres) and is open at depth for further stacked, parallel lenses of mineralization. Favourable sedimentary rocks are also interpreted to lie immediately west of the Osprey conductor and will be targeted for uranium hosted by sub-vertical structures and sub-horizontal stacked lenses.

The fold hinge of the Osprey conductor requires further drilling after a fence of three holes by Purepoint (2008) intersected a vertical, weakly radioactive fault zone (Hinge Fault) associated with strong chlorite and hematite alteration and intervals of lost core. The fault zone returned 138 ppm U over 0.6 metres between 75.7 and 76.3 metres from hole RW-29 and 358 ppm U over 0.4 metres between 159.1 and 159.5 metres from hole RW-41. Alteration of the basement rocks increases along the northern fold limb towards the fold nose where one of the three holes drilled, RW-28, encountered strong clay alteration.

Geneva Zone

The Geneva Zone represents a priority target based on ground geophysics and first pass drilling. Historic drilling by Eldorado Resources Ltd (Eldorado) intersected very strong basement alteration and anomalous radioactivity in the Geneva Zone with RAD-27 returning 0.22% U3O8 over 1.0 metres within a graphitic fault zone. Although Eldorado completed numerous holes in the area, most were stopped at less than 100 metres into the basement rock.

Hole 14RDW008 also intersected uranium mineralization associated with the Geneva conductor returning 0.68% U3O8 over 0.3 metres at a depth of 90 metres. Follow-up drilling will continue to test the radioactive graphitic shear towards the south.

Radon Lake Zone

Gulf (1968) conducted an airborne radiometric survey that covered the Radon Lake zone and followed-up with a reconnaissance geochemical soil survey, radon-in-water survey and prospecting during 1971 and 1972. Extremely high concentrations of radon (a product of decaying uranium) were found in the surface water just west of a waterbody that Gulf named "Radon Lake". Subsequent drilling by Gulf failed to located the source of the radon-in-water anomaly.

Purepoint's first pass diamond drill hole RAD08-09 returned 283 ppm U over 1.1 metres from sandstone just above the unconformity. The offset conductors within the Radon Lake area are suggestive of structural complexity and additional drilling here is considered warranted.

Golden Eye Zone

The Golden Eye target area hosts interpreted crosscutting faults located between two historic uranium occurrences, the FDL showing and the AJ showing. At the FDL showing, uranium mineralization is associated with a 1 metre wide, northeast trending shear zone that crosscuts an outcrop of graphitic biotite-rich pelitic gneiss. Assays from the shear zone returned trace to 1.43% U3O8.

The AJ showing was originally identified in 1977 by Canadian Superior during a regional geochemical survey. Two small lakes, located 1 kilometre apart, returned anomalous uranium concentrations in both lake water and lake bottom sediments. Follow-up prospecting led to the discovery of a large (3m by 1m) radioactive molybdenite-garnet-biotite schist subcrop that returned trace to 0.46% U3O8.

Topping Island

The Topping Island area was explored during the early 1980's after a pitchstone cobble was discovered down-ice of the arcuate shaped EM conductor. The Topping Island conductor appears to be the eastern terminus of the conductive trend that hosts the Richardson Lake and Crooked Lake Zones on Denison Mines Hatchet Lake property. Denison's diamond drill program on that property intersected mineralization in drill hole RL-13-16 returning 0.45% U3O8 over 2.3 metres.

Purepoint flew a VTEM survey over Topping Island in two different directions using a close line spacing of 125 metres to provide detail of the arcuate, 6-kilometre long, EM anomaly. The results of the airborne survey will be used to plan Purepoint's initial drill program.

333 Zone

In 1975, Gulf Minerals Canada Ltd. (Gulf) carried out a regional, reverse circulation (RC) overburden drilling program across most of the eastern Athabasca Basin. Over 350 overburden holes were drilled with the most anomalous hole being located on the Red Willow property; hole #333 returning an assay of 0.31% U3O8. Gulf recommended additional RC drilling to trace the uranium-rich overburden to its source, but that follow-up work was not completed.

Based on geophysical results performed by Purepoint, the source of the anomalous till may be a newly outlined EM conductor that lies only 200 metres northeast of drill hole #333. The strong conductor trends north-south, is 1.1 kilometres in length and appears to be crosscut by a northeast trending fault.

CBA Zone

In 1980, CanLake Explorations Ltd. drilled 14 holes (CBA-03 to 10 and CBA-15 to 20) in the northeast area of the Red Willow project. Favourable mineralization was intersected in the last hole of the program with hole CBA-20, located at the fold nose of a granitic dome and sedimentary rock contact, returning 0.17% U3O8 over 0.8 metres before being lost at a depth of 20 metres.

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. A total of twenty-one conductive zones have been identified as priority exploration targets of which only seven have been subject to first pass drilling.

Annual General Meeting

The Company also announced today that it has scheduled a virtual annual and special meeting of shareholders (the "Meeting") on June 24, 2021 at 10:00 am (ET). The Company's board of directors has set May 10, 2021 as the record date for determining the shareholders entitled to receive notice and vote at the Meeting.

In addition to the annual general meeting matters relating to the election of the board of directors of the Company and the appointment of the Company's auditor for the ensuing year, the Company will be seeking shareholders' approval for: (a) continuation of the Company's rolling stock option plan, (b) renewal of the Company's shareholder rights plan, (c) confirmation of the repeal of the Company's outdated By-Law No. 1 which was initially adopted by the Company's predecessor entity in 2004 and the adoption of the Company's new By-Law No. 2 which better reflects the Company's current corporate practice, (d) all acts of directors and officers of the Company, and (e) authorization of the board of directors, in their sole discretion if deemed in the best interest of the Company, within two (2) years from the Meeting date, to implement a consolidation of all of the issued and outstanding Common Shares of the Company on the basis of a consolidation ratio to be selected by the board of directors within a range between two (2) pre-consolidation Common Shares for one (1) post-consolidation Common Share and ten (10) pre-consolidation Common Shares for one (1) post-consolidation Common Share.

Please note that the board of directors of the Company has no present intention to implement a share consolidation but believes that it would be prudent to have the necessary shareholder authorization in place should the board determine at some point in the following two-year period that a share consolidation would be in the best interest of the Company. The decision to seek authorization from the shareholders for a share Consolidation was taken by the board after careful consideration of a number of factors, including market activity, access to institutional investors, prospective broadening of international investor interest in the Company, and if advisable, the structuring of potential future financings with strategic investors. If the proposed share consolidation is approved by the shareholders at the Meeting and the board decides to implement a share consolidation in the prescribed period, the Company is required to obtain the approval of the TSXV prior to implementing the share consolidation.

The details of the meeting matters will be provided in the management information circular for the Meeting to be made available to the shareholders of the Company and to be filed on SEDAR at www.sedar.com on or around May 18, 2021.

Options

The Company today approved the issuance of a total of 8,400,000 options to its Board of Directors, management and certain staff members pursuant to the Company's stock option plan. The options vest immediately, are exercisable at a price of $0.13 per common share and expire on a date that is five years from the date of grant.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PUC) 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-overview-of-red-willow-project-targets-for-upcoming-diamond-drill-program-301290401.html

SOURCE Purepoint Uranium Group Inc.

The big shareholder groups in Gem Diamonds Limited (LON:GEMD) have power over the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. Companies that have been privatized tend to have low insider ownership.

Gem Diamonds is not a large company by global standards. It has a market capitalization of UK£98m, which means it wouldn't have the attention of many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's take a closer look to see what the different types of shareholders can tell us about Gem Diamonds.

See our latest analysis for Gem Diamonds

What Does The Institutional Ownership Tell Us About Gem Diamonds?

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

As you can see, institutional investors have a fair amount of stake in Gem Diamonds. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Gem Diamonds' historic earnings and revenue below, but keep in mind there's always more to the story.

It would appear that 36% of Gem Diamonds shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Our data shows that Sustainable Capital Ltd is the largest shareholder with 22% of shares outstanding. In comparison, the second and third largest shareholders hold about 15% and 14% of the stock.

After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Gem Diamonds

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

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

Our most recent data indicates that insiders own less than 1% of Gem Diamonds Limited. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It appears that the board holds about UK£233k worth of stock. This compares to a market capitalization of UK£98m. I generally like to see a board more invested. However it might be worth checking if those insiders have been buying.

General Public Ownership

The general public, with a 18% stake in the company, will not easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

We can see that Private Companies own 22%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Gem Diamonds (at least 1 which is potentially serious) , and understanding them should be part of your investment process.

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

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

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

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

Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – May 13, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") has received notice that a group from the Kgatlu Community (the "Applicants"), located near planned surface infrastructure associated with the Waterberg Mine, has filed an application for an order in the High Court of South Africa (the "High Court") to review and set aside the decision by the Minister of Environment, Forestry and Fisheries (the "DE") to dismiss an application for condonation for the late filing of an appeal by the Applicants against the Environmental Authorization granted for the Waterberg Mine on November 10, 2020. The Applicants further request that cause be shown as to why the Environmental Authorization granted by the Minister of the DE and the Minister of Mineral Resources and Energy (the "DMR") should not be set aside and referred back to the said ministers for further consideration. The grant of an Environmental Authorization was a prerequisite to the grant of the Waterberg Mining Right by the DMR, which occurred on January 28, 2021. The Company believes that all requirements specified under the National Environmental Management Act, the Mineral and Petroleum Resources Development Act and other applicable legislation has been complied with and that the DE correctly approved and DMR correctly issued the Environmental Authorization. As an interested and affected party, and as a named respondent to the filed court action, Waterberg JV Resources (Pty) Ltd is accordingly opposing the application to the High Court. The Waterberg mining right currently remains active, was notarially executed by the DMR on April 13, 2021 and has been filed for registration.

The Company intends to continue our consultation with the DMR and recognized local authorities and community representatives on our plans for the Waterberg site.

About Platinum Group Metals Ltd. and Waterberg Project

Platinum Group Metals Ltd. is the operator and majority owner of the Waterberg Project, a bulk underground palladium, platinum, gold and rhodium deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly advanced with the shareholders of Waterberg JV Resources (Pty) Ltd. ("Waterberg JV Co."), being Platinum Group, Impala Platinum Holdings Ltd., Japan Oil, Gas and Metals National Corporation, Hanwa Co. Ltd. and Mnombo Wethu Consultants (Pty) Ltd. ("Mnombo").

In 2019, the Company founded Lion Battery Technologies Inc. in partnership with Anglo American Platinum Limited to support the use of palladium and platinum in lithium battery applications.

On behalf of the Board of
Platinum Group Metals Ltd.

R. Michael Jones
President and CEO

For further information contact:
R. Michael Jones, President
or Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

The recent COVID-19 pandemic and related measures taken by government create uncertainty and have had, and may continue to have, an adverse impact on many aspects of the Company's business, including employee health, workforce productivity and availability, travel restrictions, contractor availability, supply availability, the Company's ability to maintain its controls and procedures regarding financial and disclosure matters and the availability of capital and insurance and the costs thereof, some of which, individually or when aggregated with other impacts, may be material to the Company.

This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"), including statements regarding the application for an order of the High Court and appeal of the mining right; the applicable procedures, timeline and potential results thereof; the development of the Waterberg project and the potential benefits and results thereof; the Company's intentions for future consultations; the potential use of palladium and platinum in lithium battery applications; and the Company's other future plans and expectations. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including possible adverse impacts due the global outbreak of COVID-19 (as described above), the Company's inability to generate sufficient cash flow or raise sufficient additional capital to make payment on its indebtedness, and to comply with the terms of such indebtedness; additional financing requirements; the US $20 million senior secured facility with the Sprott Private Resource Lending II (Collector), LP ("Sprott") entered into August 21, 2019 (the "2019 Sprott Facility") is, and any new indebtedness may be, secured and the Company has pledged its shares of Platinum Group Metals (RSA) (Pty) Ltd. ("PTM RSA"), and PTM RSA has pledged its shares of Waterberg JV Co. to Sprott, under the 2019 Sprott Facility, which potentially could result in the loss of the Company's interest in PTM RSA and the Waterberg Project in the event of a default under the 2019 Sprott Facility or any new secured indebtedness; the Company's history of losses and negative cash flow; the Company's ability to continue as a going concern; the Company's properties may not be brought into a state of commercial production; uncertainty of estimated production, development plans and cost estimates for the Waterberg Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, between actual and estimated metallurgical recoveries and between estimated and actual production; fluctuations in the relative values of the U.S. Dollar, the Rand and the Canadian Dollar; volatility in metals prices; the uncertainty of alternative funding sources for Waterberg JV Co.; the Company may become subject to the U.S. Investment Company Act; the failure of the Company or the other shareholders to fund their pro rata share of funding obligations for the Waterberg Project; any disputes or disagreements with the other shareholders of Waterberg JV Co. or Mnombo; the ability of the Company to retain its key management employees and skilled and experienced personnel; conflicts of interest; litigation or other administrative proceedings brought against the Company, including the appeal of the mining right; an adverse decision on the appeal on the Mining Right could delay or prevent the Company from having the mining right reinstated and developing the Waterberg Project; actual or alleged breaches of governance processes or instances of fraud, bribery or corruption; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and South Africa; equipment shortages and the ability of the Company to acquire necessary access rights and infrastructure for its mineral properties; environmental regulations and the ability to obtain and maintain necessary permits, including environmental authorizations and water use licences; extreme competition in the mineral exploration industry; delays in obtaining, or a failure to obtain, permits necessary for current or future operations or failures to comply with the terms of such permits; risks of doing business in South Africa, including but not limited to, labour, economic and political instability and potential changes to and failures to comply with legislation; the Company's common shares may be delisted from the NYSE American or the Toronto Stock Exchange if it cannot maintain compliance with the applicable listing requirements; and the other risk factors described in the Company's Form 20-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84003

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

What Is Insider Buying?

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

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

Check out our latest analysis for Playfair Mining

The Last 12 Months Of Insider Transactions At Playfair Mining

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

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

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

Does Playfair Mining Boast High Insider Ownership?

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

So What Do The Playfair Mining Insider Transactions Indicate?

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

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

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

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

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

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

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

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

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

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

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

About Bold Ventures Inc.

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

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

"David B Graham"
David Graham
President and CEO

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

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

SOURCE: Bold Ventures Inc.

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

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

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

Election of Directors

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

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

Learn more at panamericansilver.com.

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

SOURCE Pan American Silver Corp.

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

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

Check out our latest analysis for Pretium Resources

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

The Bottom Line

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

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

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

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

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

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

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

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

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

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

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

About Quaterra Resources Inc.

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

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

For more information please contact:

Karen Robertson
Corporate Communications
778-898-0057

Jay Oness
Investor Relations
604-808-9479

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

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

Disclosure note:

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

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

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

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

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

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

About Investor Network

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

SOURCE: Investor Network

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

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

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

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

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

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

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

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

View our latest analysis for Carpentaria Resources

How Long Is Carpentaria Resources' Cash Runway?

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

How Is Carpentaria Resources' Cash Burn Changing Over Time?

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

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

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

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

Is Carpentaria Resources' Cash Burn A Worry?

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

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

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

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

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

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

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

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

Forward-Looking Statements

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

About Pinetree Capital Ltd.

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

For further information:

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

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

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

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

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

See Pine Channel Project Map here

Pine Channel Gold Property Summary

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

Highlights from documented historical work include:

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

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

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

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

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

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

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

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

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

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

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

Pine Channel Option Details

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

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

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

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

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

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

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

  • 200,000 Shares on the Bulletin Date;

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

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

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

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

• incurring aggregate Exploration Expenditures on the property of:

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

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

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

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

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

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

About Eagle Plains Resources

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

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

On behalf of the Board of Directors

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

Cautionary Note Regarding Forward-Looking Statements

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

SOURCE: Eagle Plains Resources Ltd.

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

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

Maiden Resource Estimate (“MRE”)

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

Surface Exploration Program

Drilling

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

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

Assays

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

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

Underground Exploration

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

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

Permits

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

Planned Spending

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

Regional Exploration

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

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

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

Nickel-Copper-PGE Assets

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

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

About Wallbridge Mining

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

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

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

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

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

Wallbridge Mining Company Limited

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

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

This press release may contain certain “forward-looking statements” within the meaning of applicable Canadian securities legislation relating to, among other things, the operations of Wallbridge Mining Company Limited (“Wallbridge” or “Company”) and the environment within which it operates. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans and objectives of Wallbridge, future opportunities and anticipated goals, the Company’s portfolio, treasury, management team, timetable to mineral resource estimation, permitting and the prospective mineralization of the properties, are forward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved”. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

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

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company and are based on information currently available to the Company.

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

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

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

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

Company: South Star Mining Corp.

TSX-Venture Symbol: STS

All Issues: Yes

Resumption (ET): 9:45 AM

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

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

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

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

Company: South Star Mining Corp.

TSX-Venture Symbol: STS

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 7:51 AM

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

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

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

By Steven Ralston, CFA

OTC:DYLLF | ASX:DYL.AX

READ THE FULL DYLLF RESEARCH REPORT

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

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

a. Two highly prospective zones identified

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

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

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

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

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

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

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

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

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

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

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

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

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

ii. to complete the DFS on the Tumas Project

iii. to pursue acquisitions/ mergers

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

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

Pursuit of Definitive Feasibility Study (DFS) on Tumas Project

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

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

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

DFS-related 15,000-meter Drilling Program

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

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

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

15,000-meter Infill Drilling Program Schedule

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

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

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

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

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

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

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

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

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

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

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

Management’s Objectives

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

Environmental Impact Assessment

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

Mining License

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

Project and M&A Funding

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

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

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

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

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

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

Management continues assess and evaluate advanced M&A opportunities.

Valuation

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

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

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

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

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

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

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

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

See our latest analysis for Hallador Energy

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

So How Is Hallador Energy's ROCE Trending?

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

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

The Bottom Line On Hallador Energy's ROCE

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

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

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

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

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

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

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

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

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SOURCE: Investor Network

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

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

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

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

About PotlatchDeltic

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

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

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