Tech Metals Archives - Page 41 of 55

VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces that the previously announced non-brokered private placement (the “Placement”) of up to 5,000,000 units (the Units”) at a price of $0.10 per Unit for total gross proceeds of up to $500,000 is oversubscribed and has been increased to 7,500,000 units for $750,000. All other terms remain unchanged. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Each Unit will consist of one common share of the Company and one half of one non-transferable share purchase warrant. Each whole warrant (a “Warrant”) will be exercisable to purchase one additional common share of the Company at a price of $0.15 during the first year, increasing to $0.20 in year two following the closing of the offering. If, commencing after the fourth month after closing, the closing price of the Company’s shares exceeds $0.25 per share for a period of 20 consecutive trading days (the “Acceleration Trigger Date”), the Company will have the right to accelerate the expiry date of the Warrants to 30 days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration within three trading days of the Acceleration Trigger Date. The Placement is expected to close by mid-May, 2021.

The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com

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

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

VANCOUVER, BC / ACCESSWIRE / May 10, 2021 / Bitterroot Resources Ltd.'s (TSXV:BTT) management announces that further to its press releases dated April 27, 2021 and May 3, 2021, the Company has closed an oversubscribed non-brokered private placement of 11,195,000 units of the Company at a purchase price of $0.10 per unit, for aggregate gross proceeds to the Company of $1,119,500. Each unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.20 until May 4, 2023.

The Company intends to use the majority of the proceeds to fund its 51% share of costs incurred drilling approximately 15-20 additional holes on the LM magmatic nickel-copper-PGM property in the Upper Peninsula of Michigan. Drilling at the LM Property is expected to resume in late May.

The balance of the funds will be used for working capital and for pre-drilling work on the 100%-owned Coyote and Castle epithermal gold/silver properties in Nevada. Bitterroot's US subsidiary has received BLM Decisions allowing core drilling on the Castle property (up to 13 drill sites and associated road maintenance) and Coyote property (up to 20 drill sites and associated road maintenance/construction). Additional geological and geophysical work is planned before drilling.

The Company has compensated PI Financial Corp., Haywood Securities Inc. and Pollitt & Co. for their role as arm's length finders of purchasers of the private placement. The Company has paid the finders an aggregate amount of $12,420 in cash and issued a total of 124,200 finders' warrants. Each finders' warrant is exercisable to acquire one Common Share at an exercise price of $0.20 until May 4, 2023.

The private placement is subject to the final acceptance of the TSX Venture Exchange. The securities issued are subject to a four-month hold period expiring on September 6, 2021.

The securities issued in connection with the private placement have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale, or solicitation would be unlawful.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr
Director

Contact information:

Telephone: 604-922-1351
Email: infoman@bitterrootresources.com

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

FORWARD LOOKING STATEMENTS:

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements in this press release include but are not limited to the final approval of the Exchange to the Private Placement and the intended use of proceeds for the Private Placement. Factors that could cause actual results to differ materially from those in forward-looking statements include that Company does not receive regulatory approval to the Private Placement. The forward-looking statements are subject to certain other risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the Company's ability to execute and implement its future plans. Actual results may differ materially from those projected by management. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

SOURCE: Bitterroot Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/646321/Bitterroot-Resources-Closes-C1195000-Private-Placement

VANCOUVER, BC / ACCESSWIRE / May 10, 2021 / International Millennium Mining Corp. (TSXV:IMI) ("IMMC"), with its wholly owned Nevada subsidiary, International Millennium Mining Inc. ("IMMI") (together the "Company"), is pleased to announce that it has finalized a non-binding letter of intent (the "LOI") with Altair Resources Inc. ("Altair"), in which Altair may acquire up to 65% ownership interest in the Company's Simon Property, located in Nevada, USA (the "Transaction").

Under the terms of the LOI, Altair may acquire a 65% ownership interest in the Simon Property by issuing to the Company an aggregate of five hundred thousand (500,000) common shares in the capital of Altair upon execution of an earn-in option agreement between the Altair and the Company (the "Agreement") and receiving TSX Venture Exchange approval ("TSXV") of the Transaction; making cash payments of US$2,000 per month, beginning August 15, 2021; completing US$85,000 in exploration expenditures on the Simon Property by the first anniversary of the Agreement; and, incurring an aggregate of US$2,115,000 in additional exploration expenditures and issuing an aggregate of two million (2,000,000) additional common shares in the capital of Altair to the Company, over a period of six years from the date of the Agreement. Subject to dilution of interest terms and conditions, the Company would retain a two percent (2%) net smelter return royalty on all future metal production from the Simon Property.

IMMC also announces it has entered an option agreement (the "Option Agreement") to acquire certain mineral claims covering two thousand four hundred (2,400) hectares in three claim groups situated northeast of King's Point on the western side of Notre Dame Bay, in the province of Newfoundland and Labrador. Of particular interest to the Company, are the potential silver/lead/zinc and gold/copper showings within the Green Bay Fault system. Under the terms of the Option Agreement, IMMC has agreed to pay C$6,240 (the "Cash Consideration") and issue three hundred thousand (300,000) common shares in the capital stock of IMMC to the Optionor, subject to receiving TSXV approval. Pursuant to the Option Agreement, the Optionor shall also be entitled to receive a royalty on production equal to one quarter of one percent (0.25%) NSR, of which 100% interest of the NSR can be purchased by IMMC for C$50,000.

The transactions are subject to the necessary approvals from the TSXV. Any securities issued in connection with the transactions will be subject to applicable statutory hold periods for a period of four months from the date of issuance.

John A. Versfelt, Company President, states, "As a result of these transactions, the Company has secured the exploration of its polymetallic Simon Property, Nevada, USA, project, and acquired a position in the Newfoundland Green Bay Fault, gold/copper/silver/zinc belt, adjacent to Vulcan Mineral's Colchester/Springdale gold and copper property." Mr. Versfelt concludes, "These are exciting times for the exploration and mining community, with renewed interest in base and precious metal investment driving exploration in both Canada and the United States. We are pleased to acquire a position in Newfoundland, which is becoming one of North America's more desirable, safe, mining friendly districts, with significant potential for mineral deposits."

International Millennium Mining Corp. (TSXV:IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company's common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

"John A. Versfelt"

John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com), the Company's website (www.immc.ca) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

* * * * * * *

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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. 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: International Millennium Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/645880/International-Millennium-Mining-Corp-Announces-Property-Option-Agreements

VANCOUVER, BC, May 10, 2021 /PRNewswire/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE MKT: NXE) is pleased to announce it has mailed the Notice of Meeting and Management Information Circular to shareholders record as of April 30, 2021 in connection with the Annual General and Special Meeting to be held Thursday, June 10, 2021, at 2:00 p.m. (Pacific Time).

Due to the impacts of the COVID-19 pandemic, governmental recommendations and/or orders for physical distancing, restrictions on group gatherings, non-essential travel and business activities we request that shareholders do no attend the meeting in person. To mitigate any risks to stakeholders, employees, partners and community members, the Company will hold this year's meeting by conference call, details below. Shareholders are encouraged to cast their votes in advance by proxy.

Conference Call dial in details:

To join the conference call please dial:

International Callers: (+1) 416 764 8659

North America Callers: (+1) 888 664 6392

Conference ID: 33931792

Shareholders will be asked to vote on the following matters:

elect the nine (9) Directors for the ensuing year;
re-appoint KPMG LLP as independent auditor of the Company for the 2021 financial year and to authorize the directors to fix their remuneration.

The Board of Directors of NexGen recommends that shareholders vote in favour of all proposed items.

NexGen encourages shareholders to read the meeting materials, which have been filed on SEDAR (www.sedar.com) and are on the Company's website at https://www.nexgenenergy.ca/investors/agm/.

Shareholder Information and Questions

NexGen shareholders who have questions about the management information circular, or require assistance with voting their shares can contact the Company's proxy solicitation agent, Laurel Hill Advisory Group:

Laurel Hill Advisory Group
North America Toll Free: 1-877-452-7184
Outside North America: 1-416-304-0211
Email: assistance@laurelhill.com

About NexGen

NexGen is a British Columbia corporation with a focus on developing the Rook I Project located in the south western Athabasca Basin, Saskatchewan, Canada into production. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen also owns a portfolio of highly prospective uranium properties in the south western Athabasca Basin, Saskatchewan, Canada.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 11, 2020 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

Cision

View original content:http://www.prnewswire.com/news-releases/nexgen-annual-general-and-special-meeting-of-shareholders-to-be-held-june-10-2021-301287932.html

SOURCE NexGen Energy Ltd.

In this article we will take a look at the 10 best coal stocks to buy now. You can skip our detailed analysis of the coal industry’s outlook for 2021 and some of the major growth catalysts for coal stocks and go directly to the 5 Best Coal Stocks to Buy Now.

Since the beginning of industrialization, coal has been one of the leading energy sources in the world. In the recent years, the global production of coal has been steadily increasing and reached nearly 168 exajoules in 2019, according to Statista. Although developed countries have been pushing for more renewable energy sources for power generation, at least 38% of the electricity generated in the world is still produced by coal. The top producers of coal in the world include China, India, US, Australia, and Indonesia. One of the global leaders of coal mining in the US is Arch Resources Inc (NYSE: ARCH). Among the strongholds of U.S. coal mining are the Appalachian states West Virginia, Kentucky, and Pennsylvania, as well as Wyoming in the West.

According to the International Energy Agency’s report on the coal industry, the world’s biggest producer, importer, and consumer of coal is China which accounts for more than 65% of global coal consumption. Coal remains a cornerstone of electricity generation in China, India, and other Asian nations, which together account for around 75% of global coal demand.

However, the World Economic Forum has named coal to be the single largest source of global energy-related CO2 emissions which can have disastrous effects on the environment. This has led to many developed countries making the shift from coal to other renewable sources of energy to meet their energy demands. Hence, the coal industry is seeing a decline globally in the past few years. In 2019, global demand for coal decreased by 1.8% and power generation from the resource declined by 3%. On the contrary, electricity generation from renewables increased in the year, further squeezing coal and gas generation. The global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020 and by 2025, the demand for coal is estimated to flatten out at around 7.4 billion tonnes.

Coal Stocks Plummeting Amid Carbon Reduction Push

Almost all coal stocks are plummeting amid lack of demand and increasing pressure on coal companies to cut emissions. For example, Warrior Met Coal Inc (NYSE: HCC) stock recently fell after Raymond James analyst Lucas Pipes said that several coal companies will face negative consequences of the latest announcement of China to reduce carbon emissions. The analyst downgraded Warrior Met Coal Inc (NYSE: HCC) to Neutral from Buy and decreased his price target to $22 from $28.

Raymond James is also covering other notable coal stocks including Arch Resources (ARCH), Alliance Resource Partners (ARLP) and Consol Energy (CEIX).

Major energy companies are starting to comply with ESG metrics given the global push towards green and sustainable energy. For example, in its latest quarterly report, Arch Resources Inc (NYSE: ARCH) said that its subsidiary's lost-time incident rate was about 40% better than the industry average. Arch Resources Inc (NYSE: ARCH) said it also continued to reduce its Scope 1 and Scope 2 GHG emissions. The company has cut these GHG emissions by 55% since 2013.

In 2020, countries like Korea and Japan made pledges to reduce coal in the coming years, while Vietnam, Philippines, and Bangladesh are downsizing their planned coal expansions. Countries like Egypt have even cancelled their coal development programs. The UK also plans to phase-out their coal-fired power stations by 2024. There is no doubt that the future of the industry looks very uncertain, and the losses experienced by coal companies are hard to ignore. CONSOL Energy Inc. (NYSE: CEIX) lost its stock value by 44%. According to S&P Global, the stock prices of other large producers such Peabody Energy Corporation (NYSE: BTU), and Alliance Resource Partners, L.P. (NASDAQ: ARLP) have lost a fifth of their value or more since the beginning of the year.

Coal Stocks for Long-Term Investment

However, a deeper analysis shows that there's still a huge demand of coal and coal stocks remain a sound investment option for long-term investors.

According to the International Energy Agency, global demand for coal is set to jump up by 2.6% in 2022 after a drop led by the COVID-19 pandemic. The recovering economic activity is expected to increase the demand for electricity and industrial output, and many developing countries will turn to coal to meet their energy needs. Global coal production is expected to grow at a compound annual growth rate (CAGR) of 2.3% between 2021 and 2025 to reach 8.8 billion in 2025. The best coal companies in the US are on track to take advantage of this growing demand.

Photo by Stephen Philpott on Unsplash

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

Let's discuss our list of the 10 best coal stocks to buy now.

Best Coal Stocks to Buy Now

10. NACCO Industries, Inc. (NYSE: NC)

Number of Hedge Fund Holders: 4 Market Cap: $176.742 million

NACCO Industries, Inc. (NYSE: NC) is an Ohio-based company that ranks 10th in the list of 10 best coal stocks to buy now. Founded in 1913 and headquartered in Cleveland, NACCO Industries, engages in the mining and natural resources businesses. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. NACCO Industries, Inc. (NYSE: NC) recently announced a consolidated operating profit of $8.3 million and net income of $9.0 million, or $1.25 per diluted share, for the first quarter of 2021 compared with consolidated operating profit of $7.6 million and net income of $6.2 million, or $0.88 per diluted share, for the first quarter of 2020. In addition to the operating profit improvement, net income significantly increased mainly due to changes in the market value of equity securities held. Coal Mining revenues increased in the first quarter of 2021 from the first quarter of 2020 primarily because of reclamation revenue from Caddo Creek. The reclamation at Caddo Creek is expected to be completed in 2022. In 2021, NACCO Industries, Inc. (NYSE: NC) expects coal deliveries to be comparable to 2020 based on current expectations of customer requirements. The strong financial performance of NACCO Industries, Inc. (NC) makes it a great pick for investors today.

At the end of the fourth quarter of 2020, 4 hedge funds tracked by Insider Monkey held stakes worth $8.8 million in the firm.

9. Ramaco Resources, Inc. (NASDAQ: METC)

Number of Hedge Fund Holders: 5 Market Cap: $179.132 million

Ramaco Resources, Inc. (NASDAQ: METC) was founded in 2015 and is based in Lexington, Kentucky. It is one of the top producers of metallurgical coal in the United States. The company primarily sells to blast furnace steel mills and coke plants in the country and also caters to international buyers as well. Currently, Ramaco Resources, Inc. (NASDAQ: METC) is involved in multiple projects throughout the US, including operations in mines in West Virginia, Virginia, and Pennsylvania. The company announced in February that its board has approved expenditure on two new mines which would add almost one million new tons per year of coal with initial production starting in 2021. The total revenue of the company in 2020 was $51.14 million which was a 12.13% year-on-year increase. This increase in revenue is projected to be sustained over the current year with the opening of two new mines by Ramaco Resources, Inc. (NASDAQ: METC). Hence, this coal company has landed the number 9 spot in the 10 best coal stocks to buy now list.

8. BHP Group (NYSE: BHP)

Number of Hedge Fund Holders: 20 Market Cap: $197.239 billion

BHP Group (NYSE: BHP) is an Australian natural resources business that operates in Australia, China, India, Japan, South Korea, South America, and North America. The company operates through Petroleum, Copper, Iron Ore, and Coal segments. It was was founded in 1851 and is headquartered in Melbourne, Australia. BHP Group (NYSE: BHP) has made it to Insider Monkey’s list of the 10 best coal stocks to buy now. BHP Group (NYSE: BHP) reported a total revenue of $42.9 billion with $2.75 diluted earnings per share in its latest earnings report. In fiscal year 2020, BHP’s underlying EBITDA was $22.1 billion. The current consensus among 16 polled investment analysts is a Buy for BHP Group Ltd according to CNN Business.

Like Warrior Met Coal Inc (NYSE: HCC), Arch Resources Inc (NYSE: ARCH) and Alliance Resource Partners, L.P. (NASDAQ: ARLP), BHP is one of the best coal stocks to invest in now.

At the end of the fourth quarter of 2020, 20 hedge funds in the database of Insider Monkey held stakes worth $1.09 billion in the firm which is an increase from 18 hedge funds the previous quarter holding stakes worth $710 million.

7. Alpha Metallurgical Resources, Inc. (NYSE: AMR)

Number of Hedge Fund Holders: N/A Market Cap: $245.494 million

Alpha Metallurgical Resources, Inc. (NYSE: AMR) is a Tennessee based coal mining company that produces, processes, and sells met and thermal coal to markets in Virginia and West Virginia. In 2020, the company had a total revenue of $1.4 billion and a market cap of $245.49 million. Despite facing a net loss of $55.1 million in the fourth quarter of 2020, Alpha Metallurgical Resources, Inc. (NYSE: AMR) has maintained a strong balance sheet with $139.2 million in unrestricted cash, deposits, and investments. Alpha Metallurgical Resources, Inc. (NYSE: AMR) has also undertaken a strategic shift towards becoming a pure play met company by closing a transaction to divest the Cumberland Mine and related assets. With a current stock price of $13.35 and a quarterly sales growth rate of 6.72%, there is huge potential for this stock to outperform the market. Thus, Alpha Metallurgical Resources, Inc. (NYSE: AMR) has earned the number 7 spot in the 10 best coal stocks to buy now list.

6. CONSOL Energy Inc. (NYSE: CEIX)

Number of Hedge Fund Holders: 15 Market Cap: $442.197 million

CONSOL Energy Inc. (NYSE: CEIX) is one of the largest coal producers in America headquartered in Canonsburg, Pennsylvania. The company has a network of underground coal mines and are also involved in the production of natural gas. CONSOL Energy Inc. (NYSE: CEIX) mines, prepares, and markets thermal coal along with offering coal export terminal services. As of 2020, the company had 657.9 million tons of proven and probable coal reserves at PAMC. According to the latest quarterly earnings report, CONSOL earned a net income of $26.4 million in the first quarter of 2021 and their quarterly adjusted EBITDA was $106.7 million. Additionally, CONSOL’s coal shipments improved to 6.9 million tons which was the highest level achieved since 2019. The company has also witnessed sustained improvements in its seaborne thermal coal market which makes it one of the best coal stocks to buy now. Moreover, due to CONSOL Energy Inc. (NYSE: CEIX)'s natural gas production, it has been able to insulate itself from the general decline in the coal industry.

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

Figure 1

Proposed drill program

MONTREAL, May 10, 2021 (GLOBE NEWSWIRE) — Vanstar Mining Resources Inc. (“Vanstar”, or the “Company”) (TSX.V – VSR) is pleased to announce its joint venture partner IAMGOLD Corporation (“IAMGOLD” TSX-IMG) has secured a drill rig to complete a drill program on the Nelligan joint venture project (IAMGOLD 75%, Vanstar 25%) located 60 km southwest of Chibougamau, Quebec. The program is expected to begin in the month of June and the plan is to drill 9,000-10,000 m and will include both definition drilling in the main resource area as well as step-out drilling with a focus on the west extension of the known mineralization. This drilling will support the completion of a future updated resource estimate.

Figure 1: Proposed drill program accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5808033d-1984-41f4-8bbf-e2b4f2bcddd6

In addition, exploration activities will also continue to identify and evaluate new targets. Preliminary results from a partial glacial till sampling survey completed in November 2020 and from an IP survey executed this winter have been received and have defined new exploration targets elsewhere on the joint venture property. Additional till sampling is planned and the defined targets will be field-checked this summer in conjunction with a detailed geological and structural mapping program.

About the Nelligan Project

The Nelligan Gold Project is held under an earn-in option to joint venture between IAMGOLD (75%) and Vanstar (25%). IAMGOLD has an option to acquire an additional interest of 5%, to hold an 80% interest in the Nelligan project by completing and delivering a Feasibility Study. Vanstar would then retain a 20% undivided non-contributory carried interest until the commencement of commercial production, after which: (1) the 20% undivided interest becomes participating; and (2) Vanstar will pay its attributable portion of the total development and construction costs to the commencement of commercial production from 80% of its share of any ongoing distributions from the Joint Venture. Vanstar will also retain a 1% NSR royalty on selected claims of the project.

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

About Vanstar

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

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

SOURCE :

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

Including true width intervals of 6.08 g/t Au over 25.7 m at Stock West, 3.40 g/t Au over 24.3 m at Gold Bar, and 62.5 g/t Au & 5,571 g/t Ag over 2.0 m at San Jose

Figure 1

Stock Mine Trend Longitudinal Section

Figure 2

Stock West Longitudinal Section

Figure 3

Gold Bar Plan View

TORONTO, May 10, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report strong exploration results from the ongoing drilling at the Stock West project near Timmins, Ontario. The Stock West target, initially discovered in late-2019, is being drill-tested as part of a fully funded two-year $20 million exploration and delineation program at the Fox Complex. Drilling is designed to support a Preliminary Economic Assessment (PEA), currently underway, to evaluate the potential of expanding mining operations. The Company is also pleased to update progress on the $5 million drilling program at the Gold Bar mine property near Eureka, Nevada, where encouraging new results support our confidence in the geological and mineral resource model driving operational improvement. A new drill result from the San Jose Property in Argentina may have meaningful implications for ongoing exploration.

Stock West Drilling, Ontario

A total of 57 holes have been completed at the Stock West target since August 2020. The majority of these are designed to support litho-structural modeling and expand or infill an ongoing mineral inventory estimate. Encouraging new assay results (across true widths) from the 2020-2021 second exploration phase include the following:

8.43 g/t Au over 14.3 m including 23.68 g/t Au over 1.1 m – hole S20-138a
6.76 g/t Au over 15.6 m including 43.00 g/t Au over 0.4 m – hole S20-148
6.08 g/t Au over 25.7 m including 28.30 g/t Au over 0.6 m – hole S20-149
6.21 g/t Au over 19.0 m – hole S20-154
3.80 g/t Au over 7.3 m – hole S21-157

For several holes, some of which contain visible gold (VG), assay results that are pending. Figure 1 provides a longitudinal section view of the multiple target areas at Stock. Figure 2 focuses on Stock West with a longitudinal view of the mineralization showing the pierce points of the various intercepts detailed in Table 1.

Figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/d7f7f562-351a-41e3-a51e-aaf8ea22c326

Data from the current drilling campaign is being integrated into the geological and resource models. For a complete list of drilling results at Stock West since August 2020, please visit www.mcewenmining.com.

Figure 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/075f1df3-449f-470d-9460-21bae5c44bb2

Executive Vice President (Exploration) Stephen McGibbon commented: "The recent drilling results from Stock West are less than 1/3 of a mile (500 m) from our Fox Complex mill and are a great example of the near-term growth opportunities that will augment the Company's strategic decision-making over the next two years."

Table 1 – Highlight drill intercepts from the 2020-21 program at Stock West

Identifier	Hole-ID	From (m)	To (m)	Core Length (m)	True Width (m)	Au (g/t)	Comment
1	S20-129	463.8	471.6	7.8	5.5	4.23
2	S20-131	520.6	529.6	9.0	7.4	3.02
3	S20-133	482.2	488.5	6.3	5.4	4.32
4	S20-134	476.0	488.3	12.3	10.4	6.70	VG
	including	476.6	477.3	0.7	0.6	19.30
	and	483.0	484.0	1.0	0.8	12.10
5	S20-135	373.5	378.9	5.4	4.7	3.48
	including	374.2	374.7	0.5	0.4	19.60
		488.0	491.2	3.2	2.8	4.13
6	S20-137	441.0	450.0	9.0	6.9	2.25
		531.0	539.0	8.0	6.3	3.27
7	S20-138A	513.0	531.0	18.0	14.3	8.43
	including	518.2	519.6	1.4	1.1	23.68
8	S20-139	373.7	377.4	3.7	3.4	5.38
9	S20-143	518.0	524.3	6.3	5.5	3.09
	including	523.6	524.3	0.6	0.6	17.10
10	S20-148	534.0	554.7	20.7	15.6	6.76
	including	539.1	539.7	0.6	0.4	43.00
11	S20-149	476.0	509.0	33.0	25.7	6.08	VG
	including	503.5	504.3	0.8	0.6	28.30
12	S20-150	505.8	510.9	5.1	3.6	5.36
13	S20-151	536.0	547.0	11.0	9.2	7.62	VG
14	S20-152	547.0	561.1	14.1	10.9	4.26
	including	551.0	552.0	1.0	0.8	16.80
15	S20-154	374.1	376.1	2.0	1.6	24.15	VG
		421.9	429.3	7.3	5.8	2.08
		479.0	503.0	24.0	19.0	6.21
16	S20-155	507.9	517.0	9.0	6.8	4.25	VG
17	S21-157	535.1	543.3	8.1	7.3	3.80
		558.8	574.0	15.3	13.6	2.04
18	S21-158	539.8	549.0	9.2	7.8	2.43
	including	539.8	541.3	1.5	1.2	10.54
19	S21-162A	544.0	551.0	7.0	6.0	5.78	VG
20	S21-165	442.3	449.7	7.4	6.2	2.21
		458.3	466.0	7.7	6.4	3.64
21	S21-166	537.0	540.3	3.3	2.9	5.64

Mineralization at Stock West is characterized by a bright-green fuchsite-ankerite alteration. This alteration system has now been traced over a 1,600-foot (500-meter) segment of the east-west trending structural corridor. It currently remains poorly tested for two miles (3 km) to the west and below 2,000 feet (600 meters) vertical depth.

Modeling efforts indicate that mineralization shows continuity that may represent an attractive mineable body. This is being evaluated in the upcoming PEA as a potential operation alongside the Grey Fox resource. The goal of the PEA is to evaluate opportunities in the district, including the Fuller and Davidson-Tisdale deposits near Timmins, to understand the potential value represented for future exploration and development work. A total of seven surface drills are active on the Fox Complex, including four at Stock West, one at Stock Main and two drills recently activated at Grey Fox. Drilling will continue during the remainder of 2021.

Gold Bar Drilling, Nevada

McEwen Mining has committed $5 million toward drilling at the Gold Bar Mine in order to delineate new mineral resources, replace mining depletion, and further de-risk the geological and metallurgical models that are the basis of future production planning. During Q1 2021, the resource model reconciliation of actual mining depletion performed within 5% on contained ounces. Recent results are summarized in Table 2 and Figure 3. Core holes drilled partly for metallurgical purposes returned strong mineralization and potentially high gold recoveries (Au:CN Ratio %) from lab-based cyanidation work.

Table 2 – Drill intercepts from metallurgical targeted holes at Gold Bar Mine

Hole-ID	From (m)	To (m)	Core Length (m)	True Width (m)	Au g/t		Au:CN Ratio%
RGM043M	25.0	57.1	32.1	28.9	1.50	86.0%
RGM043M	61.3	67.7	6.4	5.7	0.86	93.4%
RGM044M	28.3	46.0	17.7	15.1	1.04	89.5%
RGM044M	54.3	103.1	48.8	43.9	2.02	89.7%
including	68.0	95.0	27.0	24.3	3.40	90.8%
RGM045M	3.7	5.8	2.1	1.9	0.38	97.8%
	11.6	32.9	21.3	18.1	3.07	90.9%
	44.5	49.1	4.6	3.3	15.47	90.6%
	49.1	64.0	14.9	13.4	1.72	33.8%
RGM046M	69.3	100.6	31.3	28.2	1.54	93.0%
including	78.6	95.4	16.8		2.43	94.1%

Several holes have samples whose assays remain pending and are expected to be reported on in the near future.

The Ridge oriented core drill program successfully confirmed mineralization, locally increasing the average grade of existing resource model blocks and extending mineralization into new areas. This phase of the 2021 program consists of twenty reverse circulation holes and seven oriented core holes for a cumulative 3,417 meters.

Figure 3: https://www.globenewswire.com/NewsRoom/AttachmentNg/a2898b55-a1f1-4ca1-9224-598bcc07cace

San Jose Drilling, Argentina (49% MUX)

McEwen Mining’s joint venture partner and mine operator Hochschild Mining is undertaking a $9.3 million drill program in 2021 at San Jose, of which $5.7 million is earmarked for exploration drilling of priority targets including the Escondida Vein and the Telken target (located proximal to Newmont’s Cerro Negro Mine). In Q1, 1,396 m of drilling was completed at Escondida and Telken. The Escondida Vein is a high-grade exploration target hosting both gold and silver mineralization. Recently, hole SJM-529 intersected 2.0 meters of Escondida vein material containing 62.5 g/t Au and 5,571 g/t Ag. Mineralization to-date has been outlined over a 100-meter strike length by 180-meter vertical extent. Drilling will continue during the second quarter with 1,000 meters planned for resource delineation at Escondida.

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TECHNICAL INFORMATION

Technical information pertaining to Stock West and Gold Bar geology and exploration contained in this news release has been prepared under the supervision of Ken Tylee, P.Geo., a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects." Technical information pertaining to Gold Bar geology and exploration contained in this news release has been prepared under the supervision of Kevin Kunkel, P.Geo., a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects."

Reliability of Information Regarding San José
Minera Santa Cruz S.A., the owner of the San José Mine, is responsible for and has supplied to the Company all reported results from the San José Mine. McEwen Mining's joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this release.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, contain McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to the calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc.

ABOUT MCEWEN MINING

McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina.

*CONTACT INFORMATION:*

Investor Relations: (866)-441-0690 Toll-Free (647)-258-0395	Website: www.mcewenmining.com	150 King Street West Suite 2800, P.O. Box 24 Toronto, ON, Canada M5H 1J9
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Focus on Exploration Discoveries plus Continued Definition of Existing Mineral Resources

VANCOUVER, BC / ACCESSWIRE / May 10, 2021 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven") is pleased to announce the 2021 exploration plans for its 100%-owned and road accessible Klaza Project , located in the Dawson Range Gold Belt of southern Yukon. The Klaza Project hosts high-grade epithermal gold and silver mineral resources with positive economics illustrated by the Preliminary Economic Assessment completed in 2020 (See PEA Press Release dated July 13, 2020).

"The 2021 work program combines the hunt for new, large-scale discoveries with continued de-risking of the Klaza Project through focused infill drilling, metallurgical test work and engineering studies," stated Matt Turner, Rockhaven's CEO. "This program is intended to advance the known deposits in support of a planned preliminary feasibility study while simultaneously evaluating the potential for new areas of mineralization extending from the porphyry core to the adjacent high grade gold-silver epithermal vein field, which currently has an impressive 15 km² extent."

The planned 2021 exploration program is fully funded and is scheduled to begin in early June. It will utilize two diamond drills and include 5,000 m of drilling focused on the continued conversion of resources from inferred to indicated and 7,000 m designed to expand the scope of the project by testing high priority exploration targets outside the current mineral resources.

Exploration Drilling

Priority exploration targets include bulk tonnage copper-gold-molybdenum-silver porphyry targets that are likely the main driver for mineralization in the Klaza district and yet are relatively under explored. Porphyry-style targets to be tested in 2021 are:

Kelly Porphyry Target – Porphyry copper-gold-molybdenum-silver mineralization identified by widely spaced drilling over a 4 km² area will be the focus of two fences of holes testing chargeability high/resistivity low IP anomalies that coincide with magnetic lows and strong copper, molybdenum and gold soil geochemical anomalies. This target lies immediately to the southeast of the vein system hosting the Klaza Deposit and has lithogeochemical and alteration signatures consistent with bulk tonnage porphyry-style mineralization.
Etzel/Cyprus Porphyry Target – This second lightly explored, bulk-tonnage target is located in a valley bottom, southeast of the Kelly Porphyry. It hosts gold and copper-gold mineralization spread over a 4½ km² area that will be tested by four holes.

Rockhaven also plans to continue to explore for extensions to known higher grade gold-silver vein systems, including the high-grade Western BRX and newly discovered Rusk vein complex:

Rusk – This vein complex is located 3 km south of the Klaza deposit and was discovered in 2020 when drilling intersected several zones of gold-silver-lead-zinc mineralization over thicknesses of 1-10 m. The 2021 drilling will evaluate the strike extent and grade continuity of the strongest veins, with initial step out holes planned to test near surface mineralization over a 400 m strike length.
Western BRX Extension – The Western BRX Zone is the highest grade gold zone identified on the property to date and is only lightly explored to the west of the current mineral resource. The 2021 drilling will test for strike extensions of the vein to the west, where coincident magnetic and VLF-EM anomalies have been defined which are similar to those that mark the main mineralized structures at Klaza, including the Western BRX vein.
Western Chevron – This vein is located south of the Western BRX Zone in the same fault block. This promising target has only been tested by two holes and one trench over a 500 m inferred strike length, all of which produced strong gold-silver intercepts.

Specifics relating to the targets that will be tested by the 2021 drill program are provided in the following sections of this news release. Detailed maps showing the planned drill hole locations can be viewed on the Rockhaven website at www.rockhavenresources.com.

Klaza Deposit Infill Drilling

Infill drilling of the Klaza Deposit will focus on upgrading inferred resources into indicated resources. At present, 60% of the total mineral resources at Klaza are classified as indicated and 40% as inferred. A total of 5,000 m in 33 holes is planned for 2021, which follows up on the previous infill diamond drilling program where upgrading was done at a low cost ($4/ounce) and resulted in an increase in total contained gold, with the indicated mineral resources having higher average gold grades than the corresponding area previously classified as inferred mineral resources. This drilling will also support additional metallurgical test work and engineering studies as the Klaza project continues towards Pre-Feasibility.

Exploration Target Descriptions

The following sections provide additional details concerning the exploration targets prioritized for drilling in 2021.

Rusk Target

The Rusk Target is located 3 km south of the Klaza Deposit and is outlined by a 2.6 km², highly elevated arsenic-in-soil anomaly, which is adjacent to the largest placer gold mine in the Mount Nansen Gold Camp. Drilling in 2020 discovered numerous structures hosting mineralized veins and breccias. The widest structure was cut 25 m below surface in KL-20-470,and averaged 1.42 g/t gold, 30.7 g/t silver, 0.48% lead and 0.60% zinc over 9.80 m. A second, 150 m deeper hit on what is believed to be the same structure in KL-20-471, returned 2.05 g/t gold, 129 g/t silver, 2.29% lead and 4.67% zinc over 5.65 m. The thicknesses encountered in both holes are very encouraging and this structure will be the main focus of 2021 follow-up work, with five diamond drill holes proposed to test 400 m of its strike extent. An additional hole is planned to the north to evaluate a number of other veins in the footwall of the main structure, which roughly coincide with a VLF-EM conductor.

Kelly Porphyry Target

The Klaza mineralized system comprises a zoned epithermal vein complex superimposed on two different but probably related porphyry systems, the Kelly and Etzel/Cyprus Porphyry Targets. The porphyry potential of these areas has been lightly explored intermittently since 1971, with locally encouraging results. Recent geological studies confirm the presence of intrusive rocks within the Kelly and Etzel/Cyprus areas, which represent a protracted magmatic history spanning 15 million years and are contemporaneous with intrusions associated with other large mineralized hydrothermal systems within the Dawson Gold Belt, including the very large Casino copper-gold porphyry deposit located 100 km northwest of Klaza. The intrusive suites analyzed at Klaza have lithogeochemical and alteration signatures prospective for porphyry copper-gold mineralization. This year's program will be the first comprehensive test of the Kelly Porphyry target.

The Kelly Porphyry target area is defined by a very large copper-molybdenum-gold soil geochemical anomaly with coincident magnetic lows, chargeability highs (>70 ms) and resistivity lows (<100 ohm-m). To test these targets, thirteen drill holes are planned in 2021, with most of these holes along two section lines across the Kelly Porphyry Target. The drill holes are designed to test two trends that host most of the known mineralization in the belt, as well as geophysical features and structural orientations observed in nearby trenches.

Etzel/Cyprus Porphyry Target

The Etzel Zone, located only 1 km east of the Kelly Porphyry, is defined by gold, arsenic and silver-in-soil anomalies. The Cyprus Porphyry, located 2 km southeast of Etzel, is a second porphyry system where historical drilling returned promising results, including 56.39 m of 0.17% copper and 0.02% molybdenum.

Drilling at the Etzel Zone in 2020 identified both high-grade structures, which included 9.69 g/t gold, 82.74 g/t silver and 2.62% copper across 1.50 m (KL-20-483) and 838 g/t silver over 1.50 m (KL-20-484) as well as broader sections of bulk tonnage style mineralization averaging 0.25 g/t gold and 17.21 g/t silver over 81.63 m (KL-20-484) and 0.15 g/t gold and 0.7 g/t silver across 162.51 m (KL-20-489). There is a trend toward higher grade gold within the Etzel Zone as it approaches the Cyprus Porphyry target. Testing this trend and determining the relationship between the Etzel Zone and Cyprus Porphyry will be the purpose of four holes in 2021.

Western BRX Extension

Although the Western BRX Zone is the most richest vein discovered to date at Klaza and is one of the main economic drivers in the Klaza Project PEA (estimated payable production of 419,000 oz gold and 6.7 Moz silver coming from the Western BRX alone), very little work has been done to follow the mineralized structure along trend towards the west. A seven hole drill fence is planned to test areas with geophysical signatures that are similar to those seen at the Western BRX Zone (magnetic lows and coincident VLF-EM conductors).

Western Chevron

The Western Chevron target lies 700 m to the south of the Western BRX Zone, within the same fault block, which suggests it could have been deposited in a similar hydrothermal environment. The target has only been tested by one trench and two diamond drill holes. Results from drilling returned 3.09 g/t gold, 78.6 g/t silver, 1.93% lead and 1.04% zinc over 3.38 m (KL-12-108) and 3.97 g/t gold, 94 g/t silver, 1.35% lead and 1.44% zinc over 1.26 m (KL-12-130). The only trench that cut this same structure averaged 3.79 g/t gold, 190.4 g/t silver, and 1.35% lead over 9.2 m, including 6.24 g/t gold, 319 g/t silver and 1.85% lead over 2.61 m (true width). A total of five holes are proposed to test the structure over an approximate 500 m strike length.

COVID-19 Protocols

In order to safely carry out the 2021 exploration program, Rockhaven has instituted extensive COVID-19 protocols designed to protect the workers at Klaza and the citizens of nearby communities. Rockhaven will continue to follow all recommendations from Yukon's Chief Medical Officer.

Qualified Persons

Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

About Rockhaven

Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. The Klaza Deposit has indicated mineral resources of 4.5 Mt containing 686,000 oz gold and 14.1 million oz silver at grades of 4.8 g/t gold and 98 g/t silver, and inferred mineral resources of 5.7 Mt containing 507,000 oz gold and 13.9 million oz silver at grades of 2.8 g/t gold and 76 g/t silver. An updated Preliminary Economic Assessment of the Klaza deposit completed in 2020 returned a Post-Tax NPV(5%) of CAD$378 million and an IRR of 37%, using US$1450/oz gold and US$17/oz silver (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, "Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada." which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com.).

Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
mturner@rockhavenresources.com

Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Rockhaven cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the control of Rockhaven. Such factors include, among other things: risks and uncertainties relating to exploration and development, the ability of Rockhaven to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in Rockhaven's financial statements available under the Rockhaven profile at www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Rockhaven undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: Rockhaven Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/645864/Rockhaven-Announces-12000-m-Diamond-Drill-Program-at-Its-Klaza-Gold-Silver-Project-Yukon

TSX Venture Exchange: NEV

VANCOUVER, BC, May 10, 2021 /CNW/ – Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has entered into a binding letter of intent (the "LOI") with Cypress Development Corp. of Vancouver, BC, Canada (TSXV: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress") for the sale to Cypress of its water rights in Clayton Valley, Nevada (the "Transaction"). The Transaction is pursuant to the terms of the LOI and is a major milestone for Cypress' Clayton Valley Lithium Project, near Silver Peak, Nevada.

Nevada Sunrise Gold Corporation Logo (CNW Group/Nevada Sunrise Gold Corporation)

Terms of the LOI

The LOI outlines terms for the sale of the Company's water rights to Cypress in exchange for US$3.0 million to be paid in a combination of cash and Cypress shares. The Transaction is anticipated to close in the Third Quarter of 2021 after completion of due diligence by Cypress and the receipt of all necessary regulatory and other approvals, including TSX Venture Exchange acceptance, that are customary for a Transaction of this nature. Cypress will pay Nevada Sunrise a non-refundable deposit of US$25,000 upon execution of the LOI, to be followed by a US$125,000 payment upon completion of a 45-day due diligence period and the execution between the parties of a definitive purchase agreement. Following receipt of necessary approvals and transfer of the water rights to Cypress, payments to the Company on closing will consist of an additional US$2.0 million in cash and the number of common shares of Cypress valued at US$850,000 at closing.

"Nevada Sunrise is pleased to enter into this letter agreement with Cypress" said President and CEO Warren Stanyer. "In less than five years, Cypress has generated a significant lithium asset in the Clayton Valley, and we look to completion of this transaction and our Company becoming a shareholder of a committed lithium developer in the State of Nevada."

Net proceeds received by the Company from the Transaction upon closing will be used to retire legal liabilities totaling approximately US$500,000 incurred during the water rights litigation from 2016 to 2019 (see Nevada Sunrise news releases dated May 16, 2016 and September 30, 2019), and payment of the balance owing to the underlying vendor of the water rights of approximately US$800,000 (see Nevada Sunrise news release dated March 21, 2016).

About the Water Rights

Nevada Sunrise, through its Nevada subsidiary company, Intor Resources Corporation ("Intor"), acquired Nevada water Permit 44411 (the "Permit") from an underlying vendor in 2016. The Permit allows for the beneficial use of 1,770 acre/feet of water for mining, milling and domestic use per year. This amount represents the largest volume of permitted water available in Clayton Valley, which is a fully-appropriated hydrogeographic basin. With the exception of a single limited use permit, the Nevada Division of Water Resources has maintained that no new water is available within the Clayton Valley basin for appropriation. Nevada Sunrise has successfully defended the validity of the Permit in recent years, including negotiating a 2019 settlement agreement with Albemarle Corporation.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover where an extensive drilling program concluded in late November 2020.

Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold¹.

¹ Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR (www.sedar.com).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located within the Clayton Valley basin near Silver Peak, Nevada, and water permit 86863, located in the Lida Valley basin, near Lida, Nevada.

FORWARD LOOKING STATEMENTS

All statements in this release, other than statements of historical fact, are "forward-looking information" with respect to Nevada Sunrise Gold Corporation ("Nevada Sunrise") within the meaning of applicable Canadian securities laws, including statements that address the potential sale of the Company's water rights, and the potential for future development of a lithium resource and mineral production by Cypress. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Nevada Sunrise to differ materially from those anticipated in such forward-looking information.

Such factors include, among others, risks related to the potential sale of the Company's water rights, reliance on technical information provided by third parties on the Company's water rights or on Cypress' Clayton Valley lithium project, including access to historical information on exploration, current exploration and development activities; changes in Cypress' project parameters as its plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of the Transaction, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Three Months Ended December 31, 2020, which is available under Company's SEDAR profile at www.sedar.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Nevada Sunrise does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. The Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/10/c2094.html

For Immediate Release

Chicago, IL – May 10, 2021 – Today, Zacks Equity Research discusses Gold Mining including Franco-Nevada Corporation FNV, Northern Dynasty Minerals Ltd. NAK, Galiano Gold Inc. GAU and Gold Resource Corporation GORO.

Link: https://www.zacks.com/commentary/1515557/4-gold-stocks-to-watch-despite-gold-prices-losing-steam

The Zacks Mining – Gold industry is likely to be impacted by drop in gold prices this year and weak demand from top consumer India due to surging coronavirus cases. Vaccine rollouts and strong optimism over economic recovery has put a rein on the rallying gold prices. Notably, the yellow metal had gained 25% in 2020 riding on the back of the COVID-19 pandemic induced safe-haven demand.

Amid the uncertainty, companies like Franco-Nevada Corp., Northern Dynasty Minerals, Galiano Gold and Gold Resource Corp. are poised well backed by their strong balance sheets and initiatives to lower costs.

About the Industry

The Zacks Mining – Gold industry primarily comprises big and small companies that are engaged in gold extraction from mines of widely varying types and scale. Notably, gold mining is a long and complex process. Significant exploration and development to evaluate the size of the deposit followed by assessment of ways to extract and process the ore efficiently, safely and responsibly precedes actual mining. On average, it takes between 10-20 years for a gold mine to produce material that can be refined.

The mining, processing, development and mineral exploration activities are subject to several laws governing prospecting, development, production, taxes, labor standards and environmental regulation in various jurisdictions in which these companies operate.

What's Shaping the Future of Mining-Gold industry

Gold Loses Momentum on Prospects of Economic Recovery: Gold had an impressive run in 2020 gaining 25% primarily fueled by coronavirus pandemic. Apprehensions over global economic growth fueled safe-haven demand for the metal. Unprecedented economic stimulus and low interest rates also favored prices.

Gold even shot past the $2,000 an ounce threshold for the first time in August 2020. However, gold prices have trended lower since the start of 2021 and lost 4% of its value so far. Rising US treasury yields, increasingly positive outlook for the economic recovery and vaccine rollouts seem to have dulled its lustre.

Cost Control & Innovation to Increase Efficiency: Mining companies are major consumers of energy with around 50% of their production costs closely linked to energy prices. Meanwhile, the industry has been facing a shortage of skilled workforce that has led to a spike in wages.

Moreover, labor-related disputes can be damaging to production and revenues. Since the industry cannot control gold prices, it focuses on improving sales volume, operating cash flow and lowering unit net cash costs.

The industry participants are also opting for alternative energy sources in order to minimize fuel-price volatility and secure supply. Miners are now committed to cost-reduction strategies and digital innovation to drive operating efficiencies.

India's Worsening COVID-19 Crisis to Impact Demand: India and China together account for around 50% of consumer gold demand. Per the World Gold Council, China witnessed the highest jewelry demand in the first quarter 2021 since 2015. China's economy continues to improve from the pandemic induced slump with GDP attaining 18.3% in the first quarter, consequently demand for gold has increased as well.

Meanwhile, India is grappling with the second wave of COVID-19 infections. The country witnesses a spike in gold demand in the second half of the year due to the timing of weddings and key festivals, when buying gold is considered auspicious. This might not be the case this year as various states are imposing lockdowns to control the COVID-19 crisis. This, in turn, will impact gold demand this year.

Impending Demand and Supply Imbalance: The industry players are currently dealing with depleting resources, declining supply in old mines and lack of new mines. Also, owing to scarcity of new discoveries and depleting existing resources, miners are preferring to build up reserves through acquisitions rather than digging for new ones that are inherently risky and capital intensive.

On the demand side, use of gold across energy, healthcare and technology is on the rise. Moreover, the yellow metal has long been considered as a safe haven investment in times of financial or political uncertainty.

Emerging market central banks are turning their attention to gold after years of exposure to the U.S. dollar, and as a natural currency hedge against other reserve currencies. So, there will be an eventual demand-supply imbalance that is likely to drive gold prices, which bodes well for the industry over the long haul.

Zacks Industry Rank Indicates Dismal Prospects

The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak prospects in the near term. The Zacks Mining- Gold Industry, which is a 37-stock group within the broader Zacks Basic Materials Sector, currently carries a Zacks Industry Rank #249, which places it at the bottom 2% of 256 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.

Despite the bleak near-term prospects, we will present a few Mining – Gold stocks that one can retain given their growth prospects. But it's worth taking a look at the industry's shareholder returns and current valuation first.

Industry Versus Broader Market

The Mining- Gold Industry has underperformed the S&P 500 Index and the Basic Material sector in a year's time. While the stocks in the industry have collectively declined 7.5%, the S&P 500 has gained 47.0%. Meanwhile, the sector has rallied 72.5%.

Industry's Current Valuation

On the basis of forward 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing gold-mining companies, we see that the industry is currently trading at 5.06X compared with the S&P 500's 15.80X and the Basic Material sector's forward 12-month EV/EBITDA of 4.51X.

Over the last five years, the industry has traded as high as 9.40X and as low as 4.63X, with median being at 6.78X.

4 Mining-Gold Stocks to Keep an Eye On

Northern Dynasty Minerals: Headquartered in Vancouver, Canada, the company is engaged in the exploration of mineral properties in the United States. The company's Pebble Project in Alaska is described as "the most significant undeveloped copper and gold resource in the world."

If approved, the project would reportedly be North America's largest mining operation. Over the estimated 20 years of mining, the Pebble Project as proposed will extract approximately 70 million tons of mineralized material annually at the extremely low strip ratio of 0.12:1.

The Zacks Consensus Estimate for earnings for fiscal 2021 has moved up 11% over the past 60 days. The Zacks Consensus Estimate for the bottom line is currently at a loss of 8 cents per share, narrower than the prior-year's loss of 10 cents per share. The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Franco-Nevada Corp.: Based in Toronto, Canada, the company operates as a gold-focused royalty and stream company in the United States, Latin America, Canada, Australia, Europe, and Africa, and internationally. Franco-Nevada appears to be on a promising long-term trajectory backed by a healthy portfolio of streaming and royalty agreements on many properties mined by some of the most reputable mining companies in the world.

One of the inherent strengths of its business model is the diversification of portfolio. Franco-Nevada has recently acquired 14.7% of Vale S.A's (VALE) outstanding Participating Debentures and accumulated a 9.9% equity investment in Labrador Iron Ore Royalty Corporation.

Both investments provide exposure to mines producing high grade iron ore products. The two transactions further diversify Franco-Nevada's asset, geographic and operator mix. Also, given its continued focus on cost management, the company continues to generate high margins.

It has a long-term estimated earnings growth rate of 4%. The Zacks Consensus Estimate for earnings for fiscal 2021 has been revised upward by 5% over the past 60 days. The consensus mark indicates year-over-year growth of around 20%. The company has a trailing four-quarter earnings surprise of 17.5%, on average. Shares of the company, which carries a Zacks Rank #3 (Hold), have gained 2.7% over the past three months.

Galiano Gold: Headquartered in Vancouver, Canada, Galiano Gold Inc. engages in the exploration, development, and production of gold properties. Its primary asset is the Asanko Gold Mine located in Ghana, West Africa. The mine has exceeded annual production guidance for a second consecutive year in 2020.

The company had initiated exploration activity at the Asumura property in Ghana and acquired exploration properties in Mali. The company now has two greenfield projects, both of which are located in prospective geological regions.

The company has a trailing four-quarter earnings surprise of 233%, on average. The Zacks Consensus Estimate for the company's fiscal 2021 have moved up 28% over the past 60 days. Shares of the company, which carries a Zacks Rank #3, have gained 1.5% in the past six months.

Gold Resource Corp.: Headquartered in Denver, CO, Gold Resource Corporation explores, develops, produces, and sells gold and silver in Mexico and the United States. The company's focus is on unlocking the value of the Don David Gold Mine mine, existing infrastructure, and large property position. It has plans to make significant investments in Oaxaca, Mexico for infrastructure and exploration in 2021.

The majority of the exploration work is expected to be spent on drilling and exploration drifts at the Aguila project with the objective to increase the estimate of proven and probable reserves. Metal production is expected to come in slightly higher compared to 2020 as the company has been focusing on operational excellence and driving improved operating margins.

The Zacks Consensus Estimate for the company's 2021 earnings has moved north by 250% over the past 60 days. The Zacks Consensus estimate for earnings is currently pegged at 14 cents per share, against the prior-year quarter's loss of 9 cents per share. The company carries a Zacks Rank #3.

+1,500% Growth: One of 2021's Most Exciting Investment Opportunities

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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FrancoNevada Corporation (FNV) : Free Stock Analysis Report

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Zacks Investment Research

2021 Acquisition of regional WorldView spectral data, re-processing of geophysical and geochemical datasets

VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an exploration update for ValOre’s 100%-owned Angilak Property Uranium Project (“Angilak”), located in Nunavut Territory, Canada.

“Angilak represents a world-class advanced uranium exploration project with tremendous upside potential,” stated ValOre’s Vice President Exploration, Colin Smith. “Hosting one of the world’s highest-grade uranium resources with favorable metallurgy, and in a vastly-underexplored uranium-rich district, we aim to add tangible value to future exploration programs through the acquisition and interpretation of WorldView spectral data, re-processing the substantial geophysical and geochemical datasets, and a subsequent integrated targeting review for the entire project.”

Angilak Uranium Project Highlights

The 49,619-hectare Angilak Property is situated in the mining- and exploration-friendly Nunavut Territory, Canada, and has district-scale potential for uranium, precious and base metals. Since acquisition, ValOre has invested over C$55 million on resource delineation and exploration drilling (89,572 metres in 589 drill holes), metallurgy, geophysics, geochemistry, and logistics across the large land package. This work supported the development of the significant Lac 50 Trend NI 43-101 inferred resource estimate (“Lac 50”).

The Lac 50 NI 43-101 Technical Report (effective date March 1, 2013) defined an inferred resource estimate which represents Canada’s highest-grade uranium resource outside of Saskatchewan, and one of highest-grade uranium resources on a global basis. Highlights include:

43.3 million pounds U₃O₈ in 2,831,000 tonnes grading 0.69% U₃O₈. CLICK HERE for a summary table of the Lac 50 Trend inferred resource estimate;
Supported by 351 resource delineation drill holes totaling 62,023 metres (“m”);
Metallurgical results for Lac 50 demonstrate high uranium recoveries and rapid leach kinetics. See news releases: February 28, 2013, September 11, 2013 and February 27, 2014;
Lac 50 Trend is a 15 kilometre (“km”) by 3 km area with excellent potential for resource growth and new discoveries;
Uranium mineralization starts at surface, and has been drilled to 400 m vertical depth;
Upside exploration potential includes 11 pre-resource targets with high-grade uraniferous drill intercepts on parallel structures outside the current resource area.

The broader Angilak Property represents a district-scale opportunity, with ValOre’s land position covering 55 km of the margin of the highly prospective Angikuni Basin. The planned targeting work in 2021 could have significant impact on future exploration, discovery, and resource expansion programs.

CLICK HERE for ValOre’s May 6, 2021 video summarizing the highlights of Angilak.

CLICK HERE for ValOre’s May 6, 2021 video reviewing the 2021 focus for Angilak.

Q2 2021 Exploration Plans to Drive Property-Wide Targeting and Future Discoveries

WorldView Spectral Data Acquisition

ValOre is acquiring 466 km² (46,600 hectares) of new WorldView spectral data and high-spatial resolution imagery covering 100% of the high-priority targets and prospective basin-margin at the Angilak Property in Nunavut Territory, Canada. The WorldView-3 (“WV-3”) satellite provides the highest-resolution commercially available satellite imagery in the world, capturing data to a 50-cm pixel size, with both Visible-Near-Infrared (“VNIR”) and Short-Wave-Infrared (“SWIR”) spectra. This enables regional spectral mapping of prospective geology, alteration, and mineralogy at a “boulder-scale”. The Angilak WorldView data will augment ValOre’s extensive existing exploration dataset for Angilak, which includes district-wide geochemistry, geophysics, geological mapping and over 89,000 m of drilling.

Geophysics and Geochemistry

Together with WorldView spectral data acquisition, ValOre is re-processing historical Angilak geophysical and geochemical datasets. Geophysical surveys to date include district-wide airborne magnetics, airborne radiometrics, airborne time-domain electromagnetics (“TDEM”), airborne frequency-domain electromagnetics (“FDEM”), ground very low frequency electromagnetic (“VLF-EM”), ground gravity and ground seismic. Re-processed geophysical data will provide critical exploration constraints on Lac 50 Trend resource expansion targets, pre-resource drill-confirmed uranium targets and untested geochemical anomalies throughout the Angilak Property.

The Angilak geochemical database includes downhole multielement assay data for 589 drill holes, totaling 89,572 metres (463 core holes and 126 RC holes), 897 rock samples, 3,209 conventional soils, 1,539 Enzyme Leach soils and 75 mobile metal ion (“MMI”) soil samples. ValOre’s 2021 focus will include state of the art re-processing of the extensive drill assay database, followed by an integrated targeting review for the entire district.

The application of WorldView spectral data paired with re-processed geophysical datasets at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”) Project in northeastern Brazil led to the 2020 drilling discovery at the C-04 target, which graded up to 7.95 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) at surface and returned 2PGE+Au mineralization in three of three 2020 core drill holes. CLICK HERE for ValOre’s news release dated October 27, 2020.

About WorldView Spectra Data

CLICK HERE for ValOre’s summary of WorldView spectral data, and CLICK HERE for additional information from DigitalGlobe™ on the Hi-Res WV-3 orbiting system.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s VP Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 39 exploration licenses covering a total area of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (see ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please refer to ValOre's news release of March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about, ValOre Metals Corp. or this news release, please visit our website at valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

EROAD Limited (NZSE:ERD), might not be a large cap stock, but it received a lot of attention from a substantial price increase on the NZSE over the last few months. Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Today I will analyse the most recent data on EROAD’s outlook and valuation to see if the opportunity still exists.

Check out our latest analysis for EROAD

What's the opportunity in EROAD?

The stock seems fairly valued at the moment according to my valuation model. It’s trading around 9.92% above my intrinsic value, which means if you buy EROAD today, you’d be paying a relatively fair price for it. And if you believe that the stock is really worth NZ$4.91, then there isn’t really any room for the share price grow beyond what it’s currently trading. Although, there may be an opportunity to buy in the future. This is because EROAD’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall by more than the rest of the market, providing a prime buying opportunity.

What does the future of EROAD look like?

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. EROAD's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.

What this means for you:

Are you a shareholder? It seems like the market has already priced in ERD’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?

Are you a potential investor? If you’ve been keeping an eye on ERD, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

So while earnings quality is important, it's equally important to consider the risks facing EROAD at this point in time. For example – EROAD has 4 warning signs we think you should be aware of.

If you are no longer interested in EROAD, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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.

Lundin Mining Corporation Logo (CNW Group/Lundin Mining Corporation)

TORONTO, May 7, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") today announced the voting results from its 2021 Annual Meeting (the "Meeting").

A total of 579,747,316 common shares were voted at the Meeting, representing 78.54% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the Meeting, as follows:

	% For	% Withheld
Director Nominees
Donald K. Charter	88.08%	11.92%
C. Ashley Heppenstall	85.63%	14.37%
Marie Inkster	99.27%	0.73%
Peter C. Jones	99.97%	0.03%
Jack O. Lundin	98.66%	1.34%
Lukas H. Lundin	88.93%	11.07%
Dale C. Peniuk	94.15%	5.85%
Karen P. Poniachik	99.97%	0.03%
Catherine J. G. Stefan	99.19%	0.81%

Appointment of Auditors
PricewaterhouseCoopers LLP	95.43%	4.57%


	% For	% Against
Advisory Vote on Corporation's Approach to Executive Compensation	89.89%	10.11%
Confirmation of Amended and Restated By-law No. 1	99.65%	0.35%

Detailed voting results for the 2021 Meeting are available on SEDAR at www.sedar.com.

Board Committees

The Board of Directors is pleased to announce the appointment of Ms. Poniachik to the Corporate Governance and Nominating Committee (CGNC). The CGNC is chaired by Ms. Stefan and members include Mr. Heppenstall and Ms. Poniachik.

The Board of Directors is also pleased to announce the appointment of Ms. Poniachik and Mr. J. Lundin to the Heath, Safety, Environment and Community Committee (HSEC). The HSEC is chaired by Mr. Jones and members include Ms. Poniachik and Mr. J. Lundin.

All Board Committees are comprised of entirely of independent directors.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information was submitted for publication, through the agency of the contact persons set out below on May 7, 2021 at 16:30 Eastern Time.

Lundin Mining Announces Annual Meeting Voting Results (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/07/c6115.html

Vancouver, British Columbia–(Newsfile Corp. – May 7, 2021) – Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") today announced that a 7,000 -10,000-foot core drilling program began on May 4th at its MacArthur copper oxide project in the Yerington District, Nevada. Costs associated with the program will be internally funded through utilization of funds on hand and funds derived through the exercise of Warrants prior to their maturity date.

The drill program, with an estimated time frame of 2-3 months, is designed to accomplish three objectives:

Test the area east of the current resource for additional oxide mineralization
Upgrade portions of the resource from Inferred to Indicated status
Explore the under – drilled sulfide mineralization which exists beneath the oxide mineral resource.

"We intend to move MacArthur toward production as quickly as possible, and the current drilling program is the first step. Resurgent copper prices, a premier mining jurisdiction and global initiatives in electrification and decarbonization assure that success will be rewarded," says Quaterra chairman, Tom Patton.

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 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.

The Company has completed in excess of a year of scoping work, including engineering work with results which suggest that the project may be amenable to a run-of-mine operation which could lower capital and operating costs. Like all acid-leach projects, MacArthur is sensitive to the price of copper, which has recently increased in excess of $4.00/lb. and to the price and usage of acid. The PFS will include a trade-off study to compare building an on-site acid plant versus shipment of acid from off-site, which could further reduce capital costs.

More information on timing and milestones for completion of the PFS will be available upon completion of the drill program.

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/83232

VANCOUVER, BC, May 7, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Westcore Energy Ltd.

TSX-Venture Symbol: WTR

All Issues: Yes

Reason: Cease Trade Order

Halt Time (ET): 7:41 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

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View original content: http://www.newswire.ca/en/releases/archive/May2021/07/c5861.html

Stock Symbol: WGF: TSX-V

SASKATOON, SK, May 7, 2021 /CNW/ – Wescan Goldfields Inc. ("Wescan" or the "Corporation") announces that it intends to seek the approval of shareholders at an annual general and special meeting to be held on June 8, 2021 (the "Meeting") to consolidate of all of the common shares in the capital of the Corporation (the "Common Shares"). The approval sought will be the consolidation of the Common Shares on the basis of a ratio not greater than one new share for ten old shares (the "Consolidation"), with such ratio to be determined by the board of directors of Wescan (the "Board").

The proposed Consolidation is subject to shareholder approval and supporting documentation being accepted for filing by the TSX Venture Exchange. In conjunction with the proposed Consolidation, Wescan also intends to seek the approval of shareholders to change of the name of the Corporation to such name as the Corporation's Board of Directors, in its sole discretion, determines.

The Corporation also announces that it intends to extend the expiry date of an aggregate of 2,100,000 stock options (collectively, the "Options") issued during the month of May 2016 with exercise prices of $0.05 per option share, to the date that is seven years from each of the Option's grant date (the "Amendment"). The Amendment is subject to TSX Venture Exchange approval.

Wescan is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Common Shares trade on the TSX Venture Exchange under the trading symbol "WGF".

Caution Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements in respect of the Meeting and the proposed Consolidation. These forward-looking statements are based on Wescan's current beliefs as well as assumptions made by and information currently available to Wescan. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, developments in world gold markets, changes in exploration plans due to exploration results and changing budget priorities of Wescan, the effects of competition in the markets in which Wescan operates, the impact of changes in the laws and regulations regulating mining exploration and development, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulation.

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

SOURCE Wescan Goldfields Inc.

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View original content: http://www.newswire.ca/en/releases/archive/May2021/07/c5485.html

If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). To wit, the Hillgrove Resources Limited (ASX:HGO) share price is 100% higher than it was a year ago, much better than the market return of around 37% (not including dividends) in the same period. So that should have shareholders smiling. Zooming out, the stock is actually down 14% in the last three years.

Check out our latest analysis for Hillgrove Resources

Because Hillgrove Resources made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.

In the last year Hillgrove Resources saw its revenue shrink by 82%. Despite the lack of revenue growth, the stock has returned a solid 100% the last twelve months. We can correlate the share price rise with revenue or profit growth, but it seems the market had previously expected weaker results, and sentiment around the stock is improving.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. Dive deeper into the earnings by checking this interactive graph of Hillgrove Resources' earnings, revenue and cash flow.

What about the Total Shareholder Return (TSR)?

We've already covered Hillgrove Resources' share price action, but we should also mention its total shareholder return (TSR). Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Dividends have been really beneficial for Hillgrove Resources shareholders, and that cash payout contributed to why its TSR of 104%, over the last year, is better than the share price return.

A Different Perspective

It's nice to see that Hillgrove Resources shareholders have received a total shareholder return of 104% over the last year. That's better than the annualised return of 18% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Hillgrove Resources better, we need to consider many other factors. Case in point: We've spotted 4 warning signs for Hillgrove Resources you should be aware of, and 2 of them are concerning.

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

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

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

McEwen (MUX) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this gold and silver mining company would post a loss of $0.02 per share when it actually produced a loss of $0.06, delivering a surprise of -200%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

McEwen, which belongs to the Zacks Mining – Miscellaneous industry, posted revenues of $23.74 million for the quarter ended March 2021, missing the Zacks Consensus Estimate by 3.10%. This compares to year-ago revenues of $31.4 million. The company has topped consensus revenue estimates just once over the last four quarters.

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

McEwen shares have added about 26.9% since the beginning of the year versus the S&P 500's gain of 11.9%.

What's Next for McEwen?

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

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

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

Ahead of this earnings release, the estimate revisions trend for McEwen was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $26 million in revenues for the coming quarter and -$0.11 on $132.9 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Miscellaneous is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

McEwen Mining Inc. (MUX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

TORONTO, May 07, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31^st, 2021.

Production was 23,300 gold ounces and 493,200 silver ounces, or 30,600 gold equivalent ounces⁽¹⁾ (GEOs)(see Table 1), at the average gold:silver price ratio for the quarter of 68:1.
Cash and liquid assets⁽²⁾ and positive working capital at March 31^st, 2021, were $52.5 million and $35.3 million, respectively.
Two financings were completed for aggregate net proceeds of $42 million.
We invested $6.8 million on exploration and advanced projects, and reported a net loss of $12.5 million, or ($0.03) per share, compared to a net loss of $99.2 million, or ($0.25) per share, in Q1 2020.
We invested $5.0 million on exploration drilling and other exploration work, with the primary focus on growing the Fox Complex resource base.
All operations delivered production results in line with our expectations. Production is expected to increase throughout 2021 and end 20 to 40% higher than 2020.
We successfully reached the first development horizon at the new Froome deposit, part of the Fox Complex.
A Preliminary Economic Assessment (PEA) to expand the production from the Fox Complex is expected to be released at the end of Q2 2021.
Stephen McGibbon has joined as the Executive Vice President of Exploration, and Ruben Wallin has joined as the Vice President of Environment, Health, Safety and Sustainability.
Our quarterly webcast will take place on Monday, May 10^th at 11 am EDT. Please see the details below.

Operations Update

San José Mine, Argentina (49% Interest)

Our attributable production from San José in Q1 was 9,500 gold ounces and 492,300 silver ounces, for a total of 16,700 GEOs. For Q1, total cash costs⁽²⁾ and all-in sustaining costs (AISC)⁽²⁾ were $1,088 and $1,328 per GEO, respectively. This compares to 14,900 GEOs at total cash costs and AISC of $1,138 and $1,592 per GEO, respectively, in Q1 2020.

We received $5 million in dividends in Q1, compared to no dividends during the same period in 2020.

In 2021, the exploration budget is $10 million. Recent exploration results generated by our partner and mine operator have been encouraging, including an outstanding result from the Escondida vein:

62.5 g/t gold and 5,571 g/t silver over 2.0 meters – hole SJM-529

Gold Bar Mine, USA (100% Interest)

Gold Bar produced 7,400 GEOs in Q1 at total cash costs and AISC of $1,865 and $1,934 per GEO, respectively. This compares to 9,100 GEOs at total cash costs and AISC of $1,887 and $2,177 per GEO, respectively, in Q1 2020. Production for the remainder of the year is expected to increase, and correspondingly costs are expected to decrease. Updated resource and reserve estimates were completed. The exploration budget for 2021 is $5 million and is focusing on testing near-mine targets and further defining oxide resources on the neighboring Tonkin property.

Near-mine exploration during Q1 has delivered encouraging results from the North Ridge target, which will be provided in an upcoming exploration update.

Fox Complex, Canada (100% Interest)

Black Fox produced 5,200 GEOs in Q1 at total cash costs and AISC of $1,262 and $1,560 per GEO, respectively. This compares to 8,300 GEOs at total cash costs and AISC of $838 and $1,339 per GEO, respectively, in Q1 2020. Mining at Black Fox has begun transitioning to the Froome deposit, where a progressive ramp-up is planned through Q3, with commercial production expected in Q4. Costs are expected to fall considerably towards the latter half of the year as production rates increase to reach commercial production in Q4.

At the Stock property, surface exploration is underway with four drills at the Stock West target, and one drill at the historic Stock Mine. We spent $3.4 million in Q1 of the total $9 million exploration budget for 2021.

A Preliminary Economic Assessment (PEA) to expand the production from the Fox Complex will be released late in Q2. We are targeting improved production and cost profiles at the Fox Complex leveraging the potential for operational synergies through shared resources and infrastructure, a longer life of mine, and expanded production scale for the combined projects.

El Gallo Project, Mexico (100% Interest)

In Q1, El Gallo produced 1,300 GEOs from residual leaching of the heap leach pad. Operations were disrupted for three weeks by a blockade of the mine entrance by members of the local community, which has been resolved. A new 10-year agreement was reached between the El Gallo operation and the neighboring communities.

Los Azules Copper Project, Argentina (100% Interest)

Work continued on engineering and developing cost estimates to advance the proposed low altitude all-year access route to the project. Work is also progressing on identifying opportunities to accelerate the development and improve the economics of Los Azules. Concurrently, two strategic alternatives are being aggressively evaluated to determine what we believe will be the optimal way to finance the rapid development of Los Azules to create the greatest long-term value from this large copper resource for Argentina, the nearby communities, our shareholders, and employees.

Table 1 below provides production and cost results for Q1 2021 and 2020.

	Q1
	2021	2020
Consolidated Production
Gold (oz)	23,300	29,200
Silver (oz)	493,200	553,200
GEOs⁽¹⁾	30,600	35,100
San José Mine, Argentina (49%)
Gold production (oz)⁽³⁾	9,500	9,000
Silver production (oz)⁽³⁾	492,300	551,900
GEOs⁽¹⁾⁽³⁾	16,700	14,900
Cash Costs ($/GEO)⁽¹⁾	1,088	1,138
AISC ($/GEO)⁽¹⁾	1,328	1,592
Gold Bar Mine, Nevada
GEOs⁽¹⁾	7,400	9,100
Cash Costs ($/GEO)⁽¹⁾	1,865	1,887
AISC ($/GEO)⁽¹⁾	1,934	2,177
Black Fox Mine, Canada
GEOs⁽¹⁾	5,200	8,300
Cash Costs ($/GEO)⁽¹⁾	1,262	838
AISC ($/GEO)⁽¹⁾	1,560	1,339
El Gallo Mine, Mexico
GEOs⁽¹⁾	1,300	2,700
Cash Costs ($/GEO)⁽¹⁾	⁽⁴⁾	⁽⁴⁾
AISC ($/GEO)⁽¹⁾	⁽⁴⁾	⁽⁴⁾

Notes:

'Gold Equivalent Ounces' are calculated based on a gold to silver price ratio of 68:1 for Q1 2021, 94:1 for Q1 2020, 86:1 for the FY 2020, and 75:1 for 2021 Production Guidance.
Cash gross profit, cash costs per ounce, all-in sustaining costs (AISC) per ounce, and liquid assets are non-GAAP financial performance measures with no standardized definition under U.S. GAAP. For a description of the non-GAAP measures see "Non-GAAP Financial Measures" section in this press release; for the reconciliation of the non-GAAP measures to the closest U.S. GAAP measures, see the Management Discussion and Analysis for the year ended December 31^st, 2020 filed on Edgar and SEDAR.
Represents the portion attributable to us from our 49% interest in the San José Mine.
Both cash costs and AISC per GEO no longer represent key metrics used by management to evaluate residual leaching at the El Gallo Project. For this reason, the Company has ceased relying on, and disclosing, cash costs and all-in-sustaining costs per ounce as a key metric.

For the SEC Form 10-Q Financial Statements and MD&A refer to: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000314203

Conference Call and Webcast

Management will discuss our Q1 2021 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast.

	To call into the conference call over the phone, please regis ter here:
Monday, May 10^th, 2021	http://www.directeventreg.com/registration/event/2562066

at 11:00 am EDT	Audience URL:
	https://event.on24.com/wcc/r/3082266/913742C4F6945BAA9039EE61980F124A

The webcast will be archived on McEwen Mining's website at https://www.mcewenmining.com/media following the call.

COVID-19

All our operations have implemented rigorous health and safety measures to prevent the spread of the COVID-19 virus. Currently, the COVID-19 pandemic is not materially affecting our operations, or our future plans and objectives.

Technical Information
The technical contents of this news release have been reviewed and approved by G. Peter Mah, P.Eng., COO of McEwen Mining and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects."

CAUTIONARY NOTE REGARDING NON-GAAP MEASURES
In this release, we have provided information prepared or calculated according to United States Generally Accepted Accounting Principles ("U.S. GAAP"), as well as provided some non-U.S. GAAP ("non-GAAP") performance measures. Because the non-GAAP performance measures do not have any standardized meaning prescribed by U.S. GAAP, they may not be comparable to similar measures presented by other companies.

Cash Costs and All-in Sustaining Costs
Cash costs consist of mining, processing, on-site general and administrative costs, community and permitting costs related to current operations, royalty costs, refining and treatment charges (for both doré and concentrate products), sales costs, export taxes and operational stripping costs, and exclude depreciation and amortization. All-in sustaining costs consist of cash costs (as described above), plus accretion of retirement obligations and amortization of the asset retirement costs related to operating sites, sustaining exploration and development costs, sustaining capital expenditures, and sustaining lease payments. Both cash costs and all-in sustaining costs are divided by the gold equivalent ounces sold to determine cash costs and all-in sustaining costs on a per ounce basis. We use and report these measures to provide additional information regarding operational efficiencies on an individual mine basis, and believe that these measures provide investors and analysts with useful information about our underlying costs of operations. A reconciliation to production costs applicable to sales, the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.

Cash Gross Profit
Cash gross profit is a non-GAAP financial measure and does not have any standardized meaning under GAAP. We use cash gross profit to evaluate our operating performance and ability to generate cash flow; we disclose cash gross profit as we believe this measure provides valuable assistance to investors and analysts in evaluating our ability to finance our ongoing business and capital activities. The most directly comparable measure prepared in accordance with GAAP is gross profit or loss. Cash gross profit is calculated by adding back the depreciation and depletion expense to gross profit or loss. A reconciliation to gross profit, the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.

Liquid assets
The term liquid assets used in this report is a non-GAAP financial measure. We report this measure to better understand our liquidity in each reporting period. Liquid assets is calculated as the sum of the Balance Sheet line items of cash and cash equivalents, restricted cash and investments, plus ounces of doré held in precious metals inventories valued at the London PM Fix spot price at the corresponding period. A reconciliation to the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

ABOUT MCEWEN MINING

CONTACT INFORMATION:

Investor Relations:	Website: www.mcewenmining.com	150 King Street West
(866)-441-0690 Toll Free		Suite 2800, P.O. Box 24
(647)-258-0395	Facebook: facebook.com/mcewenmining	Toronto, ON, Canada
	Facebook: facebook.com/mcewenrob	M5H 1J9
Mihaela Iancu ext. 320
	Twitter: twitter.com/mcewenmining
info@mcewenmining.com	Twitter: twitter.com/robmcewenmux

	Instagram: instagram.com/mcewenmining

BETHESDA, Md., May 7, 2021 /PRNewswire/ — Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, May 12, 2021, at 8:30 a.m. ET. The Company will release its first quarter earnings report for 2021, which ended March 31, 2021, after the close of markets on Tuesday, May 11.

Centrus Energy Corp., Bethesda, MD (PRNewsfoto/Centrus Energy Corp.)

The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through Friday, May 21, 2021.

Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.

Contact:
Lindsey Geisler (301) 564-3392 or GeislerLR@centrusenergy.com

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SOURCE Centrus Energy Corp.

It is hard to get excited after looking at IMPACT Silver's (CVE:IPT) recent performance, when its stock has declined 26% over the past three months. It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Stock prices are usually driven by a company’s financial performance over the long term, and therefore we decided to pay more attention to the company's financial performance. Particularly, we will be paying attention to IMPACT Silver's ROE today.

ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

Check out our latest analysis for IMPACT Silver

How Is ROE Calculated?

ROE can be calculated by using the formula:

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

So, based on the above formula, the ROE for IMPACT Silver is:

3.9% = CA$2.3m ÷ CA$59m (Based on the trailing twelve months to December 2020).

The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.04 in profit.

Why Is ROE Important For Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

IMPACT Silver's Earnings Growth And 3.9% ROE

When you first look at it, IMPACT Silver's ROE doesn't look that attractive. Next, when compared to the average industry ROE of 14%, the company's ROE leaves us feeling even less enthusiastic. Therefore, it might not be wrong to say that the five year net income decline of 7.1% seen by IMPACT Silver was probably the result of it having a lower ROE. However, there could also be other factors causing the earnings to decline. Such as – low earnings retention or poor allocation of capital.

However, when we compared IMPACT Silver's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 28% in the same period. This is quite worrisome.

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if IMPACT Silver is trading on a high P/E or a low P/E, relative to its industry.

Is IMPACT Silver Making Efficient Use Of Its Profits?

Summary

Overall, we have mixed feelings about IMPACT Silver. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. To know the 3 risks we have identified for IMPACT Silver visit our risks dashboard for free.

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

CRANBROOK, BC / ACCESSWIRE / May 6, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) and SKRR Exploration (CSE:SKRR) have received results from the 12-hole, 1674m (5,492') drill program recently completed on EPL's 100%-owned Olson property (the "Property"). SKRR may earn up to a 75% interest in the property over three years (option agreement details below). The Olson property area covers 5,038 ha located within the Trans Hudson Corridor 100 km east of La Ronge, Saskatchewan and 80km south of SSR Mining's Seabee Gold Operation. All 2021 work was fully funded by SKRR.

The current program was designed to follow up on results from a 2,981m (9,778') drill program completed on the property in Fall 2020, where 13 of the 18 of the drillholes intersected significant gold mineralization including new discoveries at the previously undrilled Point, Jena and Michael's Lake zones, high grade mineralization in a step out hole at the historic Olson Zone showing and wide intercepts of near surface mineralization at the Siskin Zone (see EPL News Releases February 4th, 2021 and March 25th, 2021).

The current program continued to demonstrate the near surface, large size potential of the Point Zone with significant widths of gold mineralization. The Point Zone shows good continuity in width and often with narrow higher-grade intervals. New highlights include:

OL21019: 50.24m @ 0.41 g/t Au (3.23m – 53.47m), including:
- 6.25m @ 1.15 g/t Au (35.75m – 42.00m)
OL21020: 39.5m @ 0.37 g/t Au (2.66m – 42.16m), including:
- 12.61m @ 0.60 g/t Au (20.00m – 32.61m)
OL21023: 7.04m @ 0.43 g/t Au (36.46m – 43.50m), and
- 9.02m @ 1.16 g.t Au (67.53m – 76.55m), including:
- 4.55m @ 1.59 g/t Au (72.00m – 76.55m)

Drill results at the Olson Zone continue to show encouragement and demonstrate well developed thickness with higher grade intervals. The Olson Zone is open in all directions. Significant intersections include:

OL21025: 13.1m @ 0.89 g/t Au (32.22m – 45.32m), and:
- 8.41m @ 0.72 g/t Au (122.47m – 130.88m)
OL21026: 11.04m @ 0.61 g/t Au (48.63m – 59.67m) and:
- 29.44m @ 1.30 g/t Au (105.04m – 134.48m), including:
- 10.21m @ 2.95 g/t Au (120.11m – 130.32m), including:
- 5.54m @ 4.12 g/t Au (121.69m – 127.23m), including:
- 0.78m @ 14.55 g/t Au (126.45m – 127.23m)

Other Winter Program Drilling Highlights

9 of 12 holes completed intersected significant mineralization
New Gold Discovery: First hole completed at Ackbar Lake, drill hole OL21029, returned 0.75g/t over 8.12m, including 2.39g/t over 1.4m;
Mineralized Core: 92 of the 717 core samples collected returned greater than 0.5 g/t Au, with 38 samples greater than 1 g/t Au.

See Olson regional map here

Winter 2021 Drill Results

SKRR completed 12 holes (1674m, 5,492') of diamond drilling that tested the Point (6 holes), Olson (4 holes), Michael's Lake and Ackbar zones (1 hole each), all located in the central part of the property. One hole was abandoned due to rapidly deteriorating ice conditions.

See Olson property map here

Analytical results ranged from trace values to broad low grade and narrow higher-grade intercepts, as summarized below.

Select Drill Results Table:

OL21019 – 031 Significant Intervals
Hole	From	To	Core Length (m)*	Au (g/t)	Zone
OL21019	3.23	53.47	50.24	0.41	Point
*Including*	35.75	42.00	6.25	1.15
*Including*	40.46	42.00	1.54	2.85
OL21020	2.66	42.16	39.50	0.37
*Including*	20.00	32.61	12.61	0.60
*Including*	30.51	32.61	2.10	1.25
OL21021	2.50	17.00	14.50	0.42
*Including*	10.23	11.17	0.94	3.17
OL21022	19.55	20.55	1.00	3.02
OL21023
*Upper Interval*	36.46	43.50	7.04	0.43
*Including*	38.16	38.75	0.59	2.29
*Lower Interval*	67.53	76.55	9.02	1.16
*Including*	72.00	76.55	4.55	1.59
*Including*	75.29	76.55	1.26	4.10

OL21024	no significant intercepts				Michael's Lake

OL21025					Olson
*Upper Interval*	32.22	45.32	13.1	0.89
*Including*	34.91	37.4	2.49	3.67
*Lower Interval*	122.47	130.88	8.41	0.72
*Including*	122.47	125.0	2.53	1.60
*Including*	123.15	124.19	1.04	2.81
OL21026
*Upper Interval*	48.63	59.67	11.04	0.61
*Including*	48.63	49.7	1.07	2.55
*Lower Interval*	105.04	134.48	29.44	1.30
*Including*	120.11	130.32	10.21	2.95
*Including*	121.69	127.23	5.54	4.12
*Including*	126.45	127.23	0.78	14.55
OL21027	abandoned
OL21028	no significant intercepts

OL21029	98	106.12	8.12	0.75	Ackbar
*Including*	101.75	103.2	1.4	2.39	Ackbar

OL21030	no significant intercepts				Olson

OL21031	127.9	143	15.15	0.39	Point

* All drill indicated intercepts as reported in this news release are measured along core length and true thickness is yet to be determined.

See Olson Zone map and drill collar locations here

Drill holes OL21019 – 23, and OL21031 tested the shear-vein systems associated with the contact between granodiorite and meta-sediments at the Point showing, where 2020 drilling returned 39.80m of 1.09g/t Au including 1.53m of 13.80 g/t Au in DDH OL2004.

OL21019-21, 30m step back holes from OL20004, intercepted broad zones of gold mineralization that extend from granodiorite at surface across the contact with the metasediments. Hole OL21019 intercepted 0.41 g/t Au over 50.24m, including 1.15 g/t Au over 6.25m and 2.85 g/t Au over 1.54m. Hole OL21020 intercepted 0.37 g/t Au over 39.50m, including 0.6 g/t Au over 12.61m and 1.25 g/t Au over 2.10m. Hole OL21021 intercepted 0.42 g/t Au over 14.50m, including 3.17 g/t Au over 0.94m.

OL21022, a 50m step-out south along strike from holes OL21019-21 returned a best intercept of 3.02 g/t Au over 1.00m from 19.55-20.55m.

OL21023, a 50m step-out north along strike from holes OL21019-21 intercepted two zones of gold mineralization. The upper interval returned 0.43 g/t Au over 7.04m, including 2.29 g/t Au over 0.59m associated with arsenopyrite/pyrrhotite stringer veins within the Brownell Lake Pluton. Mineralization in the lower interval was associated with a granodiorite dyke, and returned 1.16 g/t Au over 9.02m, including 4.1 g/t Au over 1.26m.

OL21031, a 75m step-out north along strike from OL21023, returned 0.39g/t Au over 15.15m.

Drill holes OL21025 – 26, and OL21030 were drilled at the Olson Zone. Hole OL21025 was drilled as a 65m step-out to the west along strike from hole OL20017, which returned 9.64 g/t Au over 1.23m. It intercepted two significant zones of gold mineralization. The upper interval returned 0.89 g/t Au over 13.10m, including 3.67 g/t Au over 2.49m, associated with sericite alteration in metabasalt. The lower interval returned 0.72 g/t Au over 8.41m associated with up to 1% vein-hosted and disseminated arsenopyrite.

Hole OL21026 was drilled to infill an 150m gap in historic drilling at the Olson showing. The hole intercepted well developed quartz veining and silicification and returned 1.30 g/t Au over 29.44m, including 4.12 g/t Au over 5.54m and 14.55 g/t Au over 0.78m.

Hole OL21029, the first hole ever drilled at the Ackbar Lake Zone, was designed to test a large soil anomaly. It returned 0.75 g/t Au over 8.12m, including 2.39 g/t Au over 1.40m, with mineralization hosted in diorite with up to 1% vein-hosted and disseminated arsenopyrite.

Tim Termuende, P.Geo., President and CEO commented recently on the results: "We are extremely encouraged by the results to date at the Olson Project and congratulate SKRR for their confidence and perseverance and the TerraLogic exploration team for their excellent work to date. The presence of consistent high grade gold mineralization identified at the Olson Zone and low-grade, bulk-tonnage gold mineralization discovered at the Point and Ackbar Zones confirms the overall potential of the Olson Project and bodes well for further exploration and potential resource development. We look optimistically forward to future exploration of the property."

Sherman Dahl, CEO, SKRR Exploration stated: "Our Olson drilling was ambitiously designed to test the size potential of the Olson gold system. It was successful on all fronts. The presence of consistent high grade gold mineralization identified at the Olson project confirms the overall potential growing into a significant resource".

Olson Project Summary

The Olson project area overlies regionally sheared, highly strained meta-volcanic and intrusive rocks which are considered to be prospective for orogenic gold mineralization. The property is host to 29 mineral occurrences defined by historical geological mapping, prospecting, trenching and 4700 m of diamond drilling, with the last drilling reported in 2008. Historical drilling at Olson Lake has intersected 7.5 m grading 2.07 g/t Au including 13.00 g/t Au over 0.65 m, and grab samples of up to 105.52 g/t Au have been collected at the Kalix occurrence. 2018-2019 fieldwork completed by Eagle Plains and a previous partner consisted of a detailed compilation of historical data, geological mapping, soil geochemical work and prospecting. The fall 2020 drill program at the Olson intersected significant gold mineralization including new discoveries at the previously undrilled Point, Jena and Michael's Lake zones, high grade mineralization in a step out hole at the historic Olson showing and wide intercepts of near surface mineralization at the Siskin Zone. The project is considered to be significantly underexplored, with known gold occurrences open at depth and along strike. Some results are historical in nature and have not been confirmed by Eagle Plains/SKRR but are considered to be reliable and will form a basis for ongoing work.

QA/QC

Geological and geotechnical logging and core sampling were completed at a facility on the Olson property. Assay intervals were based on visual identification of mineralization, presence and density of quartz veins and lithological boundaries. Terralogic Exploration geologists maintained chain of custody and sampling procedures reported in this news release according to best industry practice and with due attention to quality assurance and quality control, including sampling field duplicates and insertion of certified standard and blank samples.

Samples were sent for geochemical analysis with ALS Global, Vancouver for the following analyses: 48 element four-acid ICP-MS (ME-MS61) and gold (Au) 30 g Fire Assay – AA finish (Au-AA23). Samples that returned over 1ppm Au by Au-AA23 were re-analysed using gold (Au) 30g Fire Assay – Gravimetric finish (Au-GRA21).

On receipt of final certificates of analysis, the QA/QC sample results were reviewed to ensure the order of samples were reported correctly, that the blanks ran clean, and that the results for each standard had minimal variance from its certified value. QA/QC for the Olson Drilling Program included certified reference material ("CRM's") and blanks that were inserted into each sample batch in order to verify the analytical from the lab. The CRM's from all holes reported passed within 3 standard deviations and the blanks returned acceptable values. All of the lab internal standards and duplicates were within acceptable values.

Olson Option Agreement Details

Under the Agreement, SKRR may earn-in up to a 51% interest in the Property by making certain staged cash payments, share payments of common shares in the capital of SKRR to Eagle Plains and exploration expenditures over a period as follows: (i) $10,000 in cash upon execution of a letter of intent in respect of the Transaction (received); (ii) $20,000 in cash and 200,000 common shares upon TSXV approval of the Transaction (received); (iii) $40,000 in cash, 200,000 common shares and $200,000 in exploration expenditures on or before December 31, 2020 (received); (iv) $80,000 in cash, 200,000 common shares and $500,000 in exploration expenditures on or before December 31, 2021; and (v) $100,000 in cash, 200,000 common shares and $800,000 in exploration expenditures on or before December 31, 2022.

SKRR may earn-in up to a an additional 24% (75% total) interest in the Property by making additional exploration expenditures of $1,500,000 on the Property and issuing 200,000 common shares of SKRR to Eagle Plains on or before December 31, 2023.

Iron Range Project Update

Eagle Plains has received an anniversary cash payment of $15,000 from its option partner (an arm's length private Alberta company ("the Company")), related to an option agreement on Eagle Plains' 100% owned Iron Range Project located near Creston, in Southern British Columbia. Eagle Plains has also recently received final data/reporting/interpretation from the 2020 Iron Range field program, wholly funded by the Company. 2020 work at the Iron Range included soil, rock, and stream sediment geochemistry, a Quantum Geoelectrophysics (QGEP), or Quantum Direct Matter Indicator (QDMI) non conventional geophysical survey, and 10 hole, 738m diamond drilling program. Although the results from the 2020 work are inconclusive, further work has been recommended to continue to advance the Iron Range project.

Under terms of the option agreement as announced May 5th, 2020, the Company holds the exclusive right to earn up to a 60% interest in the Iron Range Project (the "Project") from Eagle Plains over a five-year period by incurring $3,500,000 in exploration expenditures and making $250,000 in cash payments to Eagle Plains. The Company retains the right to increase its interest to 80% by making a one-time cash payment of $1,000,000 to Eagle Plains.

Management of Eagle Plains considers the Iron Range project to hold excellent potential for the presence of both iron-oxide copper-gold ("IOCG") and Sullivan-style lead-zinc-silver sedimentary-exhalative ("sedex") mineralization. The Iron Range property covers an area of approximately 10km x 60km which overlies the regional Iron Range Fault System ("IRFS"). Prior to the acquisition and initial involvement of Eagle Plains in 2001, the property had seen little systematic exploration for other than iron resources known to exist on the property since the late 1800s. Since 2001, Eagle Plains and its partners have completed 17,964m in diamond-drilling in 70 holes, collected 2482 line-km of airborne and surface geophysical data and analysed 10,078 soil geochemical samples, 498 rock samples and 5749 drill core samples.

Drilling at Iron Range in 2010 resulted in the discovery of the Talon Zone, where drill-hole IR10-010 intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1g/t gold, 1.86% lead, 2.1% Zinc, 75.3g/t silver and 7.1m grading 8.13g/t gold, 2.84% lead, 3.07% zinc, 86.6g/t silver (Eagle Plains news release December 21st, 2010). Previous drilling 10km north of the Talon Zone in 2008 by Eagle Plains intersected gold mineralization in drill-hole IR08006 which assayed 7.0m grading 51.52g/t (1.50 oz/ton) gold (Eagle Plains news release dated April 20th, 2009).

Qualified Persons

The four-week program at the Olson was supervised by Jarrod Brown, P.Geo. of Terralogic Exploration Services of Cranbrook, B.C. and relied extensively on support services and personnel from the town of Deschambault Lake, SK for which we express our gratitude. The Iron Range drill program was supervised by Kerry Bates, P.Geo. 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, most 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.

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VANCOUVER, BC / ACCESSWIRE / May 6, 2021 / Granite Creek Copper Ltd. (TSX.V:GCX|OTCQB:GCXXF) ("Granite Creek" or the "Company") announces that Kluane Drilling has mobilized two diamond drill rigs to the Carmacks copper-gold-silver project (formerly Carmacks and Stu projects), in Central Yukon, Canada, for immediate commencement of the Company's 2021 drill campaign. The program will consist of up to 10,000 meters of drilling focused on upgrading inferred resources to indicated, as well as step out drilling aimed at delineating new resources where the deposit remains open to expansion.

Granite Creek's 2021 drill program follows up on the Company's highly successful inaugural drill program, completed in November 2020, which encountered 127 meters of 0.85% Copper Equivalent ("CuEq") at Carmacks Zone 13, and 4.6 meters of 7.51% CuEq at Carmacks North Zone A. Priority targets for this year's program will include the underlying sulfide potential at Carmacks Zone 1 (see figures below), Carmacks Zones 2000S, 12, and 13, as well as following up on last year's success at Carmacks North Zone A.

Carmacks Zone 1 hosts a portion of the overall 23.76 million tonnes of the current mineral resource estimate¹ and remains open at depth and along strike. While the oxide portion of Zone 1 has been well defined and is categorized in the Measured and Indicated category, only approximately half of the underlying sulfide resource is in the Measured and Indicated category, while the remainder is classed as Inferred. Starting at only 200m from surface, the sulfide in Zone 1 has the potential to add additional tonnage to the contained resources and could become a part of an updated economic study. Results from the 2020 and 2021 drill programs are anticipated to be included in an updated NI43-101 mineral resource estimate for the project.

Figure1 – Long-section of historical drill intercepts in sulfide portion of Carmacks Zone 1

Figure 2 – Cross-section A-A through northern portion of Carmacks Zone 1

Table 1 – Highlight sulfide historical drill intercepts of mineralization in Carmacks Zone 1

Drillhole	From (m)	To (m)	Length* (m)	Cu (%)	Au (g/t)	Ag (g/t)	CuEq^ (%)**	Mineralization Type
DDH 1-07	295.66	334.37	38.71	1.26	0.63	5.52	1.86	Across Sulfide Zone
DDH 1-11	446.54	483.73	37.24	0.8	0.3	0.89	1.32	Across Sulfide Zone
DDH 1-15	315.29	366.68	51.39	1.09	0.3	1.61	1.46	Across Sulfide Zone
WC 002	123	387	264	1.33	0.71	8.25	2.03	Oxide to Sulfide Zone
Including	123	232	109	1.94	1.38	15.25	3.27	Oxide Zone
And	232	387	155	0.91	0.24	3.32	1.15	Sulfide Zone
WC-021B	3	340	337	1.30	0.77	7.53	2.04	Oxide to Sulfide Zone
Including	3	246	243	1.57	1.00	9.76	2.53	Oxide Zone
And	246	340	94	0.61	0.16	1.76	0.77	Sulfide Zone
And	347	366	19	0.62	0.15	3.19	0.78	Sulfide Zone
WC-025	55	470	415	0.77	0.21	2.91	0.98	Oxide to Sulfide Zone
Including	55	247	192	0.98	0.25	3.33	1.23	Oxide Zone
And	247	470	223	0.58	0.18	2.54	0.76	Sulfide Zone
WC-028	60	286	226	0.90	0.23	3.19	1.13	Oxide to Sulfide Zone
Including	60	239	179	0.99	0.25	3.34	1.24	Oxide Zone
WC-028	239	286	47	0.54	0.16	2.61	0.70	Sulfide Zone
WC-018	264	305.62	40.62	1.17	0.43	3.90	1.58	Across Sulfide Zone

^*Length of intercept is drilled width not true width of zone. Resource modelling shows true width of the zone to vary from 20-50m

^**Copper equivalent (CuEq) values assume Cu $3/lb, Au $1800/oz, Ag $18/oz, Mo $10/lb, and 100% recovery.

Granite Creek President & CEO, Tim Johnson, commented, "We continue to aggressively advance the Carmacks project, with its attributes of high-grade, near-surface copper, gold, and silver mineralization in an underexplored district-scale land position, and with the support of rising copper prices as we begin a new bull market commodity cycle. The project is part of the Minto Copper Belt that hosts a high-grade operational mine with roads, power and port infrastructure already in place within a top Canadian mining jurisdiction. We see a number of exciting opportunities to optimize the resource on the project, and excellent potential to expand the known high-grade copper mineralization zones – which remain open along strike and at depth – as well as to make significant new discoveries at a number of major untested targets. Our Carmacks deposit currently contains 446 million pounds Cu, 237,000 ozs Au and 2.4M ozs Ag^1,2 in NI 43-101 M&I mineral resources, and we see the potential for a multi-billion-pound-scale copper system."

"Given the early start of the drill program, assay results should be released throughout the summer as they become available. In the ensuing weeks our geological team will assess the feasibility of running a second phase drill program later in the season. We look forward to the exciting exploration season ahead and to providing additional updates."

COVID-19 Protocols

Granite Creek has worked closely with the Yukon government to develop a COVID-19 safety plan that enables the Company to implement an effective work plan while maintaining the highest degree of safety of our workers and surrounding communities. The Company strictly adheres to mandates put in place by health authorities at the Federal and Territorial government level and hold the health and safety of our workers, and the citizens of the communities in which work in the highest regard.

[1] JDS Energy and Mining. Feb 9, 2017. NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada. Contained metal based on 23.76 million tonnes of NI 43-101 compliant resources in the Measured and Indicated categories grading 0.85% Cu, 0.31 g/t Au, 3.14 g/t Ag.

[2] Arseneau Consulting Services, 2016 Independent Technical Report on the Carmacks Copper Project, Yukon, Canada.

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176 square kilometer Carmacks project in the Minto copper district of Canada's Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Explorations Ltd, to the north and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.

Qualified Person

Ms. Debbie James, P.Geo., a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

SOURCE: Granite Creek Copper Ltd.

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TORONTO, May 06, 2021 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) announced that the nominees listed in the Management Information Circular for the 2021 Annual Meeting of Shareholders were elected as directors of First Quantum. In total, 582,519,893 shares were voted at the meeting, representing 84.38% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting on May 6, 2021 are set out below. The below results have also been filed on www.SEDAR.com.

NAME	NUMBER OF SHARES		% OF VOTES CAST
NAME	FOR	WITHHELD	FOR	WITHHELD
Philip K.R. Pascall	570,512,389	8,831,551	98.48	1.52
G. Clive Newall	557,116,381	22,227,559	96.16	3.84
Kathleen A. Hogenson	573,877,675	5,466,265	99.06	0.94
Peter St. George	525,881,123	53,462,817	90.77	9.23
Andrew B. Adams	511,414,919	67,929,021	88.27	11.73
Robert J. Harding	507,834,893	71,509,047	87.66	12.34
Simon J. Scott	578,151,239	1,192,701	99.79	0.21
Dr. Joanne K. Warner	578,213,033	1,130,907	99.80	0.20
C. Kevin McArthur	577,311,858	2,032,082	99.65	0.35

For further information, visit our website at www.first-quantum.com or contact:

Lisa Doddridge, Director, Investor Relations
(416) 361-3400 Toll-free: 1 (888) 688-6577
E-Mail: info@fqml.com

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

TORONTO, May 06, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement (the “Offering”) for gross proceeds of up to $200,000. Closing of the Offering is expected to occur on or about Jun 11, 2021.

The Offering shall be composed of (i) 3,000,000 flow-through shares (“FT Shares”) at a price of $0.05 per FT Share for gross proceeds of up to $150,000; and (ii) 1,000,000 hard dollar units (“HD Units”) at a price of $0.05 per HD Unit for gross proceeds of up to $50,000. Each HD Unit shall be composed of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.07 per Common Share until the date which is twenty-four (24) months following the closing date of the Offering, whereupon the Warrants will expire. Each FT Share shall be composed of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the “Tax Act”).

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

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

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

About Plato Gold Corp.

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

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

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

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

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

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

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

For further information, please contact:

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

Forward Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, completion of the Offering, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals may offset operating costs and future plans and objectives. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained; and an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY), is pleased to acknowledge receipt of a grant of $60,138 from the Province of Newfoundland and Labrador towards exploration work completed in 2020 on the Company’s Critical Rare Earth Element (CREE) claims located near the communities of St. Lewis and Port Hope Simpson in Southeastern Labrador.

Greg Andrews, President and CEO of Search Minerals states, “Search is very appreciative of the Junior Exploration Assistance Program (“JEA”) funds granted by the Province of Newfoundland and Labrador Department of Natural Resources. These funds allowed us to hire local personnel and continue to explore and advance the Critical Rare Earth Element District (the “District”) in 2020. The Company controls a belt 63 km long and 2 km wide and there are still 20 showings within this belt to be assessed and maintained.”

The highlights of the 2020 field season

FOX MEADOW: current channel program indicates that the SW mineralized zone is at least 175m wide and the NE mineralized zone is at least 110m wide;
FOX MEADOW: this project requires an expanded 2021 channeling/trenching program to sample the extended length and width indicated in the 2020 exploration program;
AWESOME FOX: the 2020 and previous channel programs indicate that mineralization within the UAV magnetic anomaly is at least 850m long and 5-20m thick;
SILVER FOX: new channels outline a high-grade zirconium-hafnium mineralized zone that is up to 1.2 km long and 1-10m thick. SILVER FOX is located just west of the FOXTROT DEPOSIT;

Andrews added: “We are preparing for our upcoming 2021 drill and exploration program, which will include approximately 7000m of drilling at Deep Fox to commence in June. The drill program is fully funded with our recent $ 2,520,000 flow-through funding completed in April 2021. We will also continue our exploration work at Silver Fox and Fox Meadow, to bring these prospects to “Drill Ready” status.”

For further information, please contact:

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

About Search Minerals Inc.

Led by a proven management team and board of directors, Search is focused on finding and developing resources within the emerging Critical Rare Earth Element (“CREE”) District of South East Labrador. The Company controls a belt 63 km long and 2 km wide including its 100% interest in the FOXTROT and DEEP FOX Projects, which are road accessible and at tidewater. Exploration efforts have advanced FOX MEADOW, AWESOME FOX and SILVER FOX as new CREE prospects very similar to and in close proximity to FOXTROT and DEEP FOX.

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

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Figure 1

Proposed drill program

Figure 1

Stock Mine Trend Longitudinal Section

Figure 2

Stock West Longitudinal Section

Figure 3

Gold Bar Plan View

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