Does Your Phone Manufacturer Intentionally Slow Data Speed?


Image Credit: Philip Brookes (Flickr)

Are Our Phones Really Designed to Slow Down Over Time? Experts Look at the Evidence

 

It’s usually around this time of year you hear people complain about their phones slowing down. Apple and Google release new versions of their operating systems (OS) and suddenly there’s a slew of people claiming their old devices have started to lag – conveniently just before Christmas.

But do manufacturers really slow down our phones on purpose to nudge us towards shiny new ones, as has been claimed?

 

This article was
republished with permission from 
The
Conversation
, a news site dedicated to sharing ideas
from academic experts.  It was written by and represents the
research-based opinions of 
Michael Cowling, Associate Professor –
Information & Communication Technology (ICT), CQUniversity Australia and
Amy Johnson, Lecturer, CQUniversity Australia

 

The answer to this, as usual, is complicated. Let’s take a look at the evidence.

 

The ol’ Operating
System Shuffle

Every year, usually around May and June, tech companies announce their new OS updates. The main news surrounding the releases is often new system features such as Facetime enhancements, improvements to voice assistants, or a fancier system design.

But did you know these features are optimised for the new hardware traditionally released during the summer, and the chips that come with it?

As such, system updates have to be programmed to work towards two goals. The first is to support the new hardware and chip, which deliver the newest features.

The second is to continue to work with existing hardware that won’t support the new features. And this means coding the OS so it’s not reliant on the new features having to work.

This challenge exists for desktop OSs as well, as evidenced by the recent removal of old systems from the Windows 11 compatibility list. Microsoft decided coding around new features was an insurmountable challenge in some instances.

Hardships
with Hardware

So your old smartphone won’t support new features – fair enough. But why does it feel like the new OS update is making existing features slower? To understand this, you need to first understand some of the mechanics of chip design.

Apple used to use other manufacturers’ chips for its devices, but for the past few years has made its own custom silicon. This is referred to as a “system on a chip (SoC), as the entire system exists on a single chip designed and manufactured by Apple.

But even if manufacturers design their own chips, it can be hard to predict what consumers will want in the future, and thus which upgrades will come with future iterations of a device.

Manufacturers have to write OS updates to suit the latest hardware, so consumers who purchase it can take advantage of the latest features. In doing so, they must work around the fact that older hardware doesn’t have the same capacity.

These workarounds mean older devices will run more slowly with the new OS installed, even for tasks the system had done for years. The latest OS is not written to make your old device slower, but because it’s written for the latest device, it can’t help but run more slowly on old hardware.

Examples of this abound in the industry, with many articles written about a newly released OS version running slow on older devices until the manufacturer optimizes it (if they ever do).

You might be wondering: if a new OS will slow down old phones, why install the update at all?

Well, it’s because people don’t like being told to stick with old features. Apple recently allowed users of its latest devices to keep the old system, but this is unusual. There is usually a push for users to install new OS versions.

 

It’s All
Business

The truth is device manufacturers are in the business to make money. And this means being able to sell new devices.

While there is often an implied expectation from consumers that manufacturers will commit to maintaining old products, at the same time they need to write updates that will work for their latest hardware.

Meanwhile, tech companies aren’t doing enough to educate users on how to adjust their settings to get the best out of their phones, or how to manage software bloat which might contribute to a phone slowing down.

Compounding this are other factors such as network connection issues, like when the 3G mobile network was stopped.

Burden of Proof

There’s something else to consider, too. If an OS update was designed to intentionally slow down a phone over time, this would be very difficult to prove.

The system codes are “closed source”, so experts can’t look into them. The best we can do is run timers on different processes and see if they are slowing down over time.

But even if they are, is it because of a system update that can’t be supported by old hardware, or is it malicious conduct from the manufacturer? Could the code be written to force the device to sleep for half a second, every ten seconds, with a sleep command?

It’s hard to say for sure, although our personal opinion is this is highly unlikely.

Apple has had multiple lawsuits filed against it in the past, for which it has paid hundreds of millions in settlements. The company has admitted to slowing down some older phone models, but claimed this was done to reduce stress on the battery and prevent accidental shutdowns as the battery aged.

Choose
Not to Play

Ultimately, the issue comes down to how device manufacturers sell their products.

The best option for their bottom line is to deliver OS updates and features that work with the latest hardware, even if this leaves old devices behind. The evidence suggests manufacturers are not intentionally slowing phones down, but are prioritizing the latest release so you’ll buy it.

In the meantime, if your slow device is getting you down, the best option is to resist the urge to upgrade. You might get prompts directing you to install the latest OS version (and the frequency of these will depend on the company) but you can ignore them.

There may be auto-updates which you can’t avoid, but in most cases these are for security purposes and don’t include major changes or new features. It’s only once these security updates stop coming that you should upgrade.

Until then, a phone running on its original OS should, in theory, run well for a long time.

 

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QuickChek – November 23, 2021



Joint Statement on CRYPTO-ASSET Policy

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enCore Energy Advances Development at the South Texas Rosita Uranium Processing Plant; enCore Energy and Azarga Uranium Provide Plan of Arrangement Update

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Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3 Supporting Digital Transformation of Satellite Ground Systems

Kratos Defense & Security Solutions announced that it closed sales of its OpenSpace™ quantum™ and OpenSpace SpectralNet® products to 23 customers

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Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3 Supporting Digital Transformation of Satellite Ground Systems


Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3 Supporting Digital Transformation of Satellite Ground Systems

 

Strong Adoption in Support of Government, Defense and Intelligence Applications Continues Momentum

SAN DIEGO
Nov. 23, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it closed sales of its OpenSpace™ quantum™ and OpenSpace SpectralNet® products to 23 customers, supporting the satellite industry’s continued movement toward dynamic, virtualized ground systems.

Kratos’ OpenSpace family of solutions help satellite operators move their network systems from traditional hardware to more dynamic, flexible and scalable architectures that are more responsive to service level agreements, mission goals and changing operating conditions.

Sales of quantum and SpectralNet products to commercial operators remained strong in Q3, and were particularly strong to customers supporting 
U.S. defense and intelligence programs as well as government projects for other nations.

Blue Canyon Technologies, a leading manufacturer of small satellites and provider of mission services based in 
Lafayette, Colorado, has been using quantum products in support of more than a dozen of its defense and commercial customers for some time, purchasing additional units this quarter to support its customers. “OpenSpace quantum products provide scale and economic advantages,” said  Stephen Steg, CEO of Blue Canyon Technologies. “We can install and configure them quickly and reconfigure rapidly when changes are needed to support multiple missions.”

Kratos’ OpenSpace family of solutions includes three product lines: OpenSpace SpectralNet® for digital IF conversion; OpenSpace quantum™ for replacing individual hardware components with virtualized equivalents; and the OpenSpace Platform for fully dynamic, service-oriented, orchestrated satellite ground network operations. The OpenSpace family enables customers the flexibility to realize their path to digital transformation at the level and pace that meets their unique mission goals and business models. For more information on Kratos’ OpenSpace family of dynamic ground solutions, visit https://www.KratosDefense.com/OpenSpace.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

enCore Energy Advances Development at the South Texas Rosita Uranium Processing Plant; enCore Energy and Azarga Uranium Provide Plan of Arrangement Update


enCore Energy Advances Development at the South Texas Rosita Uranium Processing Plant; enCore Energy and Azarga Uranium Provide Plan of Arrangement Update

 

VANCOUVER, BCNov. 23, 2021 /PRNewswire/ – enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) (“enCore”) and Azarga Uranium Corp. (TSX: AZZ) (OTCQB: AZZUF) (FRA: P8AA) (“Azarga Uranium”) are pleased to provide an update on enCore’s modernization activities at the Rosita Central Processing Plant (“Rosita”) in South Texas expected to be complete in Q2/2022. enCore has also continued to advance its Texas asset acquisition strategy focused on established, previously permitted, projects with known mineralization to augment enCore’s existing pipeline of projects in proximity to Rosita.  Confirmation and development drilling has commenced at the newly acquired Rosita Extension, much of which lies within the existing permit area. This development will provide mineral interpretation and resources for wellfield design in keeping with planned commencement of production activities in 2023.

Paul Goranson, enCore’s Chief Executive Officer said, “The progress of enCore’s efforts in South Texas has been exceptional. Using our own in-house technical staff, we are executing our strategy targeting completion of the Rosita upgrades by the end of the second quarter 2022 and wellfield commissioning in the first half of 2023 with projects on schedule and on budget. As we advance our plans in South Texas and accelerate activities on the key Dewey Burdock and Gas Hills projects from the shareholder approved acquisition of Azarga Uranium, enCore is well on its way to being America’s premier ISR uranium producer.”

Rosita Central Processing Plant

The Rosita Central Processing Plant modernization commenced in July 2021 with a projected budget of less than US$1 million.  Work activities are now 50% complete, on schedule and on budget. Recent major equipment work includes the yellowcake filter press relocation and installation, completion of the ion exchange resin elution and the yellowcake dryer circuits.

Rosita Extension Confirmation and Development Drilling

A 50-hole confirmation and development drilling program is presently underway at the extension of the previous Rosita wellfields (the “Rosita Extension”).  The Rosita Extension was first explored by Mobil Oil Corporation who drilled over 800 holes to depths of up to 400 feet prior to 1984.  Subsequent operators completed additional exploration drill holes confirming mineralized trends.  

enCore and Azarga Uranium Arrangement Update

Following a vote by Azarga Uranium shareholders with over 99% of votes cast approving the transaction, enCore and Azarga Uranium are working together closely to complete the necessary regulatory approvals to complete the previously announced plan of arrangement (the “Transaction”).  An extension to the arrangement agreement has been executed to allow the parties to obtain normal course regulatory approvals, including approvals from the United States Nuclear Regulatory Commission and the British Columbia Supreme Court.

About enCore Energy Corp.

enCore Energy Corp., a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (“ISR”) uranium producer, is led by a team of industry experts with extensive knowledge and experience in all aspects of ISR uranium operations. enCore Energy’s initial opportunities are created from the Company’s South Texas licensed and past-producing Rosita and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in South Texas plus the changing global uranium supply/demand outlook and opportunities for industry consolidation. Large uranium resource endowments in New Mexico add to the asset base for long term growth and development opportunities.

About Azarga Uranium Corp.

Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (“USA”) (South DakotaWyomingUtah and Colorado), with a primary focus of developing in-situ recovery uranium projects. The Dewey Burdock in-situ recovery uranium project in South Dakota, USA (the “Dewey Burdock Project”), which is the Company’s initial development priority, has been issued its Nuclear Regulatory Commission License and Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project.

Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results.  Forward-looking statements in this press release include, but are not limited to, statements related to the timing of the completion of enCore’s modernization activities at Rosita and completion of wellfield commissioning, the ability of enCore in keeping with planned commencement of production activities in 2023, anticipated completion of the Transaction, the terms of the Transaction and receipt of certain regulatory approvals.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of enCore and/or Azarga Uranium to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: any inability of the parties to satisfy the conditions to the completion of the Transaction on acceptable terms or at all; receipt of necessary stock exchange, court and other regulatory approvals; the ability of enCore and Azarga Uranium to achieve their stated goals and objectives; the costs associated with the companies’ objectives; risks and uncertainties related to the COVID-19 pandemic and measures taken to attempt to reduce the spread of COVID-19; and the risks and uncertainties identified in enCore’s Management’s Discussion and Analysis for the nine months ended September 30, 2021 and Azarga Uranium’s Annual Information Form for the year ended December 31, 2020, each filed on SEDAR at www.sedar.com. Although management of each of enCore and Azarga Uranium 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. Accordingly, readers should not place undue reliance on forward-looking statements. Neither party will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. enCore and Azarga Uranium caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the enCore common shares in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and the enCore common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the enCore common shares, nor shall there be any offer or sale of the enCore common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

SOURCE enCore Energy Corp.

Related Links

https://www.encoreenergycorp.com/

Thanksgiving Dinner by the Numbers


Image Credit: RODNAE Productions (Pexels)

Thanksgiving Dinner by the Numbers

 

Minnesota leads the nation in turkey production, while Wisconsin grows 59% of all cranberries. See how Thanksgiving dinner comes together from farms across the nation.


 

From mashed potatoes to green bean casserole to the centerpiece turkey, many of the components of a traditional Thanksgiving menu originate from American farms.

Here’s the government data behind Thanksgiving dinner. Unless otherwise noted, all the data is from the US Department of Agriculture.

Turkey

In 2020, farmers raised 224 million turkeys and produced 5.7 billion pounds of ready-to-cook turkey. That’s an average of 26 pounds of meat per bird. Last year, total turkey production was worth an estimated $5.1 billion.

 

 

Top states: Minnesota produced the most turkeys in 2020 at 40 million birds — or about 18% of the US total. Arkansas was second with 31 million, followed by North Carolina at 30 million.

Fun fact: Americans ate 16 pounds of turkey per person in 2020.

Sweet potatoes

In 2020, the US produced 3.4 billion pounds of sweet potatoes. Farmers sold $588 million worth of sweet potatoes.

 

 

Top states: North Carolina leads the nation in sweet potato farming, producing 1.9 billion pounds or about 55% of the crop grown in the US. California growers produced 887 million pounds or 26% of US sweet potato production.

Fun fact: Domestic sweet potato consumption has grown significantly since 2000: annual per capita availability, a measure used as a proxy for consumption, increased from 4.2 pounds in 2000 to 6.7 pounds in 2020.

Cranberries

In 2020, the US produced 7.8 million barrels of cranberries, down 1.1 million from the 2018 figure of 8.9 million barrels. Barrels can hold 100 pounds of cranberries.

 

 

Top states: This Thanksgiving mainstay is harvested from bogs covering 39,300 acres primarily in two states. In Wisconsin, farmers harvested 4.6 million barrels of cranberries in 2020, accounting for 59% of total production. Massachusetts farmers produced 2.1 million barrels of cranberries, accounting for 27% of all production.

Fun fact: The price of a barrel of cranberries is 47% lower from a high of $70.02 (adjusted to 2020 dollars) in 2008 to $37.30 in 2020.

Potatoes

In 2020, the US produced 47 billion pounds of potatoes. The value of all potatoes sold in 2020 was $3.7 billion, an 8% decrease from 2019.

 

 

Top states: Synonymous with potatoes, Idaho leads the nation in production, responsible for 32% of the nation’s output. Neighboring Washington is responsible for 24% of production.

Fun fact: Forty percent of potatoes were processed into frozen products, including french fries. About 24%, or 11.3 billion pounds of potatoes, remained as the fresh type that can be transformed into mashed potatoes.

Snap (or green) beans

In 2020, the US produced 1.7 billion pounds of snap beans. Eighteen percent of snap beans produced in the US are for fresh use, while the rest are processed by canning or freezing.

 

 

Top states: Wisconsin led all states in production in 2020 with 633 million pounds of snap beans. Five other states — New York, Michigan, Oregon, Florida, and Illinois — had production exceed 100 million pounds.

Fun fact: In terms of area harvested, snap beans were among the top three vegetables alongside sweet corn and tomatoes. In 2020, snap bean farms covered 185,200 acres. Sweet corn harvests covered 402,900 acres, while tomatoes covered 280,000 acres.

Pumpkins

In 2020, US farmers produced 1.5 billion pounds of pumpkins.

 

 

Top states: Production is dispersed throughout the US, with all states producing some pumpkins. In 2017 and based on weight, about 40% of pumpkin acres were harvested in the top six pumpkin-producing states. Illinois harvested 15,900 acres of pumpkins, more than twice the 7,000 acres harvested in second-place Pennsylvania.

Fun fact: The majority of Illinois’ pumpkin crop — 523 million pounds or 82% of the total — is processed as pie filling or other processed pumpkin products. By contrast, 0% of the pumpkin crop in California is processed. This difference is largely explained by differences in types of pumpkins grown in Illinois versus other states. According to the USDA, pumpkin growers in other states are geared more toward growing pumpkins for seasonal reasons such as Halloween.

To learn more about the farmers producing this food, read this report on the 3.4 million agricultural workers in America.

 

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Joint Statement on CRYPTO-ASSET Policy


Joint Statement on CRYPTO-ASSET Policy

 

The long-awaited policy statement on Crypto policy was just released by the three agencies that would be collectively engaged in supervision. The stated purpose of their working on the collaborative effort is to bring clarity to promote safety, soundness, consumer protection, and compliance with current finance statutes and rules.

Staff from the Federal Reserve, FDIC, and OCC, first worked to understand crypto-assets and then determine their organization’s potential involvement. Involvement included:

  • Custody of crypto-assets
  • Sales and purchase facilitation
  • Collateralized loans by crypto
  • Payment activities including stablecoins
  • Bank balance sheet crypto-assets

Based on their review, they created a list to provide greater clarity on whether banking organizations are legally permitted to engage in specific activities related to crypto-assets. During 2022 the agencies plan to provide guidance on:

  • Crypto-asset safekeeping and traditional custody services
  • Ancillary custody services
  • Facilitation of customer purchases and sales of crypto-assets
  • Issuance and distribution of stablecoins
  • Activities involving the holding of crypto-assets on balance sheets

The agencies will also evaluate bank capital and liquidity standards to crypto-assets for activities involving U.S. banking organizations and will continue to engage with the Basel Committee on Banking Supervision on its consultative process as it relates to these areas.

The full Joint Statement on Crypto-Asset Policy can be found
here.

Release – Comtech Telecommunications Corp. Awarded $1.3 Million Contract Renewal with a U.S. Tier-One Carrier


Comtech Telecommunications Corp. Awarded $1.3 Million Contract Renewal with a U.S. Tier-One Carrier

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Nov. 23, 2021– 
November 23, 2021 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded a 
$1.3 million contract renewal with a 
U.S. tier-one mobile network operator for precise location services.

“We believe our Position Determining Engine (“PDE”) to be the best available on a large scale,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “This customer’s end users will continue to benefit greatly from turn-by-turn navigation, family finder, and remote workforce management. They have come to rely on 
Comtech for this precise location information.”

The contract was awarded to Comtech’s Trusted Location group, a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Source: 
Comtech Telecommunications Corp.

Reelease – Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3


Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3 Supporting Digital Transformation of Satellite Ground Systems

 

Strong Adoption in Support of Government, Defense and Intelligence Applications Continues Momentum

SAN DIEGO
Nov. 23, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it closed sales of its OpenSpace™ quantum™ and OpenSpace SpectralNet® products to 23 customers, supporting the satellite industry’s continued movement toward dynamic, virtualized ground systems.

Kratos’ OpenSpace family of solutions help satellite operators move their network systems from traditional hardware to more dynamic, flexible and scalable architectures that are more responsive to service level agreements, mission goals and changing operating conditions.

Sales of quantum and SpectralNet products to commercial operators remained strong in Q3, and were particularly strong to customers supporting 
U.S. defense and intelligence programs as well as government projects for other nations.

Blue Canyon Technologies, a leading manufacturer of small satellites and provider of mission services based in 
Lafayette, Colorado, has been using quantum products in support of more than a dozen of its defense and commercial customers for some time, purchasing additional units this quarter to support its customers. “OpenSpace quantum products provide scale and economic advantages,” said  Stephen Steg, CEO of Blue Canyon Technologies. “We can install and configure them quickly and reconfigure rapidly when changes are needed to support multiple missions.”

Kratos’ OpenSpace family of solutions includes three product lines: OpenSpace SpectralNet® for digital IF conversion; OpenSpace quantum™ for replacing individual hardware components with virtualized equivalents; and the OpenSpace Platform for fully dynamic, service-oriented, orchestrated satellite ground network operations. The OpenSpace family enables customers the flexibility to realize their path to digital transformation at the level and pace that meets their unique mission goals and business models. For more information on Kratos’ OpenSpace family of dynamic ground solutions, visit https://www.KratosDefense.com/OpenSpace.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Release – Palladium One High Grade Mineralization Extended 250 Meters Southwest of the Kaukua Open Pit Resource Finland


Palladium One High Grade Mineralization Extended 250 Meters Southwest of the Kaukua Open Pit Resource, Finland

 

Highlights

  • Geological interpretation changed at the Kaukua Deposit.
  • High-grade core zone extended to the southwest, 250 meters beyond the current Open Pit Mineral Resource Estimate (“MRE”).
  • 3.2 g/t Palladium Equivalent (Pd_Eq) over 13.7 meters, within 1.6 g/t Pd_Eq over 113.6 meters, in hole LK21-102, with individual samples grading up to 9.6 g/t Pd_Eq over 1.00 meters.
  • 3.3 g/t Pd_Eq over 9.6 meters, within 1.5 g/t over 113.4 meters, in hole LK21-100, with individual samples grading up to 5.9 g/t Pd_Eq over 1.5 meters.
  • 2.2 g/t Pd_Eq over 19.6 meters, within 1.5 g/t Pd_Eq over 74.5 meters, in hole LK21-101.

November 23, 2021 – Toronto, Ontario, Initial down plunge drilling, has extended mineralization 250 meters southwest of the open-pit constrained MRE of the Kaukua Deposit, by intersecting 2.2 g/t Pd_Eq over 19.6 meters, within 1.5 g/t Pd_Eq over 74.5 meters, starting at 273 meters down hole (LK21-101) (Figure 1), said Palladium One Mining Inc. (“Palladium One” or the “Company”).

Derrick Weyrauch, President and CEO commented: “The high-grade “Core Zone” of the Kaukua Deposit has been extended to the southwest and remains open for expansion. These are among the thickest intercepts to date within the Kaukua Deposit and will add significant tonnage to our existing resource endowment. An updated NI43-101 Mineral Resource Estimate is schedule for Q1 2022 and will incorporate these valuable results”

These drilling results extend the Kaukua Deposit mineralization southwest of the existing conceptual open-pit, where it remains open (Figure 1 and 2). Previous geological interpretations suggested that the Kaukua deposit was cut-off by a northwest trending fault, occupying a distinct magnetic low and topographic lineament. Drilling has now demonstrated that the magnetic low is the result of a later cross cutting dyke (now referred to as the high-titanium gabbro dyke) and that the Kaukua deposit remains open to the south. Significantly the high-grade “Core Zone” of the Kaukua Deposit has been extended 250 meters to the southwest and we have encountered some of the thickest intercepts (>100m) to date within the deposit.

Figure 1. Historic and current drilling in the Kaukua and Kaukau Southwest area having a drill data cut off date of September 4, 2021 (hole LK21-128), assays have been received for holes up to LK21-103, the remainder are pending. Background is Induced Polarization (“IP”) Chargeability.

Figure 2. Cross sections showing holes LK21-102, 107 and historic holes KAU07-005, KAU12-057 and 068 and their position with respect to the 2019 Kaukua Mineral Resource Estimate Whittle Open Pit.

Table 1. LK Project, Kaukua Drill Hole Results

Palladium Equivalent

The Company is calculating Palladium equivalent using US$1,600 per ounce for palladium, US$1,100 per ounce for platinum, US$1,650 per ounce for gold, US$3.50 per pound for copper, US$7.50 per pound for nickel, and $20/b cobalt consistent with the calculation used in the Company’s September 2021 NI 43-101 Haukiaho Resource Estimate.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101

About Palladium One

Palladium One Mining Inc. is a mineral exploration and development company targeting district scale, Platinum-Group-Element (“PGE”)-Copper-Nickel deposits in leading mining jurisdictions. Its flagship project is the Läntinen Koillismaa (“LK”) PGE-Copper-Nickel project in north-central Finland, having an existing pit-constrained NI43-101 Mineral Resource Estimate and ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. In Canada, is the 2020 Discovery of the Year Award winning Tyko Copper-Nickel Project a high sulphide tenor, Copper-Nickel project.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

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

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Great Lakes Dredge Dock (GLDD) – Houston Work Finalized and Other Work On Horizon

Tuesday, November 23, 2021

Great Lakes Dredge & Dock (GLDD)
Houston Work Finalized and Other Work On Horizon

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Houston Ship Channel work finalized. A contract valued at $92.5 million was signed with the Port of Houston Authority. The award represents the first phase of the Houston Ship Channel Widening and Improvement Project 11. Work has a 1Q2022 start and a 4Q2022 finish. The initial approval totaled $95.4 million so options could total ~$2.9 million.

    3Q2021 Backlog moved up to $599 million and 4Q2021 awards now total $135.4 million.  4Q2021 bidding off to good start and more optimistic on LNG potential. 4Q2021 awards include South Atlantic Regional Harbor for $25.8 million (ex options of $3.6 million), Oak Island Renourishment Project 2021/2022 of $17.1 million, and Port Houston for $92.5 million. A large $225.1 million award in Rockaways, New …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – enCore Energy Advances Development at the South Texas Rosita Uranium Processing Plant


enCore Energy Advances Development at the South Texas Rosita Uranium Processing Plant; enCore Energy and Azarga Uranium Provide Plan of Arrangement Update

 

VANCOUVER, BCNov. 23, 2021 /PRNewswire/ – enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) (“enCore”) and Azarga Uranium Corp. (TSX: AZZ) (OTCQB: AZZUF) (FRA: P8AA) (“Azarga Uranium”) are pleased to provide an update on enCore’s modernization activities at the Rosita Central Processing Plant (“Rosita”) in South Texas expected to be complete in Q2/2022. enCore has also continued to advance its Texas asset acquisition strategy focused on established, previously permitted, projects with known mineralization to augment enCore’s existing pipeline of projects in proximity to Rosita.  Confirmation and development drilling has commenced at the newly acquired Rosita Extension, much of which lies within the existing permit area. This development will provide mineral interpretation and resources for wellfield design in keeping with planned commencement of production activities in 2023.

Paul Goranson, enCore’s Chief Executive Officer said, “The progress of enCore’s efforts in South Texas has been exceptional. Using our own in-house technical staff, we are executing our strategy targeting completion of the Rosita upgrades by the end of the second quarter 2022 and wellfield commissioning in the first half of 2023 with projects on schedule and on budget. As we advance our plans in South Texas and accelerate activities on the key Dewey Burdock and Gas Hills projects from the shareholder approved acquisition of Azarga Uranium, enCore is well on its way to being America’s premier ISR uranium producer.”

Rosita Central Processing Plant

The Rosita Central Processing Plant modernization commenced in July 2021 with a projected budget of less than US$1 million.  Work activities are now 50% complete, on schedule and on budget. Recent major equipment work includes the yellowcake filter press relocation and installation, completion of the ion exchange resin elution and the yellowcake dryer circuits.

Rosita Extension Confirmation and Development Drilling

A 50-hole confirmation and development drilling program is presently underway at the extension of the previous Rosita wellfields (the “Rosita Extension”).  The Rosita Extension was first explored by Mobil Oil Corporation who drilled over 800 holes to depths of up to 400 feet prior to 1984.  Subsequent operators completed additional exploration drill holes confirming mineralized trends.  

enCore and Azarga Uranium Arrangement Update

Following a vote by Azarga Uranium shareholders with over 99% of votes cast approving the transaction, enCore and Azarga Uranium are working together closely to complete the necessary regulatory approvals to complete the previously announced plan of arrangement (the “Transaction”).  An extension to the arrangement agreement has been executed to allow the parties to obtain normal course regulatory approvals, including approvals from the United States Nuclear Regulatory Commission and the British Columbia Supreme Court.

About enCore Energy Corp.

enCore Energy Corp., a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (“ISR”) uranium producer, is led by a team of industry experts with extensive knowledge and experience in all aspects of ISR uranium operations. enCore Energy’s initial opportunities are created from the Company’s South Texas licensed and past-producing Rosita and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in South Texas plus the changing global uranium supply/demand outlook and opportunities for industry consolidation. Large uranium resource endowments in New Mexico add to the asset base for long term growth and development opportunities.

About Azarga Uranium Corp.

Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (“USA”) (South DakotaWyomingUtah and Colorado), with a primary focus of developing in-situ recovery uranium projects. The Dewey Burdock in-situ recovery uranium project in South Dakota, USA (the “Dewey Burdock Project”), which is the Company’s initial development priority, has been issued its Nuclear Regulatory Commission License and Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project.

Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results.  Forward-looking statements in this press release include, but are not limited to, statements related to the timing of the completion of enCore’s modernization activities at Rosita and completion of wellfield commissioning, the ability of enCore in keeping with planned commencement of production activities in 2023, anticipated completion of the Transaction, the terms of the Transaction and receipt of certain regulatory approvals.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of enCore and/or Azarga Uranium to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: any inability of the parties to satisfy the conditions to the completion of the Transaction on acceptable terms or at all; receipt of necessary stock exchange, court and other regulatory approvals; the ability of enCore and Azarga Uranium to achieve their stated goals and objectives; the costs associated with the companies’ objectives; risks and uncertainties related to the COVID-19 pandemic and measures taken to attempt to reduce the spread of COVID-19; and the risks and uncertainties identified in enCore’s Management’s Discussion and Analysis for the nine months ended September 30, 2021 and Azarga Uranium’s Annual Information Form for the year ended December 31, 2020, each filed on SEDAR at www.sedar.com. Although management of each of enCore and Azarga Uranium 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. Accordingly, readers should not place undue reliance on forward-looking statements. Neither party will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. enCore and Azarga Uranium caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the enCore common shares in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and the enCore common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the enCore common shares, nor shall there be any offer or sale of the enCore common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

SOURCE enCore Energy Corp.

Related Links

https://www.encoreenergycorp.com/

Will the Fed be Fighting Inflation Now?


Image: Fed Governor Lael Brainard and Fed Chair Jerome Powell

Why Less Gradual Tapering from the Fed is Likely

 

Does the re-nomination of current Fed Chair Jay Powell for a second term, and the nomination to elevate Fed Governor Lael Brainard to Vice-Chair indicate a status quo at the Fed? As it relates to fighting inflation, last month Powell said “we can be patient” in raising rates in order to “allow the labor market to heal.” In both Powell’s and Brainard’s acceptance statements, inflation was brought up as a problem – the familiar words “transitory” or “temporary” were non-existent. Instead, tackling inflation was considered a priority for both.

 

The Nominations

The President chose to renominate Jerome Powell for a second four-year term as Federal Reserve Chair yesterday (November 22).  Fed Governor Lael Brainard was nominated to replace Richard Clarida for the number two position at the Fed. Both candidates now need to be confirmed by the Senate.

Powell was appointed almost four years ago by President Trump. His confirmation is expected to be smooth. Brainard, who had been considered a potential replacement for Powell in the top spot, would likely have faced much more resistance to being confirmed for that position.

With the future make-up of the Fed largely out of the way, it appears a U-turn on inflation and a more hawkish demeanor could set a new tone at the December 15  Federal Open Market Committee’s (FOMC) meeting.

Evidence the Fed Will Alter Course

Fed Governor Christopher Waller argued in a speech Friday (November 19) that “the rapid improvement in the labor market and the deteriorating inflation data have pushed me towards favoring a faster pace of tapering and a more rapid removal of accommodation in 2022.”

James Bullard, who is a non-voting FOMC member, said, “I think it behooves the committee to go in a more hawkish direction in the next couple of meetings, so we are managing the risk of inflation appropriately.”

Outgoing Vice-Chair Clarida also spoke Friday and suggested that the committee would be best served by a debate about speeding up the currently-planned $15 billion per month taper pace to its asset purchase program at the upcoming meeting.  

Lael Brainard lead her acceptance statement with,  “I am committed to putting working Americans at the center of my efforts at the Federal Reserve. This means getting inflation down at a time when people are focused on their jobs and how far their paychecks will go.” 

The above comments, coupled with the statements released yesterday by the expected ongoing and incoming Fed heads, are evidence the Fed is altering course. While employment will still be a priority, inflation has become a big enough concern to move it to the forefront of the conversation.

 

Source: Fed Chair Powell’s acceptance statement

 

The change in tone at the top contrasts sharply with Powell’s declaration last month related to inflation, he said, “we can be patient” in raising rates in order to “allow the labor market to heal,” as total non-farm payrolls remain 3.9 million below their pre-pandemic peak. 

 

Source: Fed Chair Powell’s acceptance statement


Interest Rates

While the Fed debates its next move before the December 15 rate decision, the markets may move before they do. It is not uncommon for the Fed to create an environment where the bond market leads, the Fed then can check for economic fallout, and either matches the bond move or jawbone the bond market back. To date, Powell has said his timeline for rate hikes (Fed Funds) would not begin until after tapering was complete. At the current pace, bond purchases won’t fully end until June 2022.

Stocks and other Assets

Since Powell filled the role of Fed Chair in 2018, the S&P 500 has returned 76% and the Russell Small Cap index 63%. While the Fed’s stated role is not to meddle with stock prices, household wealth, including other assets (real estate, crypto, etc.) impact economic activity which is solidly in their wheelhouse. The four years under Powell have seen the best run-up in stocks since Alan Greenspan.

Will a Powell sequel be as good for asset prices as the first term?  What might a swifter-than-expected cessation of near-zero rates and Fed asset purchases mean for asset prices?  There are analysts and pundits lined up on both sides of this debate. Common arguments of those that are bearish say inflation shocks will lead to rate shocks. Assets that are vulnerable to higher rates, including real estate and heavily leveraged companies, may not fare well.

For those that see continued stock market growth, they point to the amount of additional money that has been created and circulating within the economy. The U.S. government’s planned spending programs alone are fiscally stimulating, perhaps not at the same degree as in 2020, but certainly by historical standards.

Take-Away

There is a change that is likely coming to monetary policy. Investors are best to stay in touch through sources whose purpose it is to look out for them. Registering for Channelchek
daily emails
is one way to receive unique additional information on topics you care about.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:



Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion



What the Infrastructure Law Does for Investors





Was the Inflation of 1982 Like Today’s?



Extremely Conservative Investors May Cause Small Companies to Outperform

 

Sources:

https://www.federalreserve.gov/newsevents/pressreleases/other20211122a.htm

https://www.federalreserve.gov/newsevents/pressreleases/other20211122b.htm

https://seekingalpha.com/news/3753290-markets-will-face-a-rates-shock-in-2022-bofa

https://www.grantspub.com/almostDailyHTML.cfm?dcid=964&article=2&email=phoffman%40channelchek%2Ecom

https://wolfstreet.com/2021/11/22/powell-brainard-suddenly-make-inflation-1-priority-in-their-thank-you-statements/

www.koyfin.com

 

Stay up to date. Follow us:

 

Palladium One High Grade Mineralization Extended 250 Meters Southwest of the Kaukua Open Pit Resource, Finland


Palladium One High Grade Mineralization Extended 250 Meters Southwest of the Kaukua Open Pit Resource, Finland

 

Highlights

  • Geological interpretation changed at the Kaukua Deposit.
  • High-grade core zone extended to the southwest, 250 meters beyond the current Open Pit Mineral Resource Estimate (“MRE”).
  • 3.2 g/t Palladium Equivalent (Pd_Eq) over 13.7 meters, within 1.6 g/t Pd_Eq over 113.6 meters, in hole LK21-102, with individual samples grading up to 9.6 g/t Pd_Eq over 1.00 meters.
  • 3.3 g/t Pd_Eq over 9.6 meters, within 1.5 g/t over 113.4 meters, in hole LK21-100, with individual samples grading up to 5.9 g/t Pd_Eq over 1.5 meters.
  • 2.2 g/t Pd_Eq over 19.6 meters, within 1.5 g/t Pd_Eq over 74.5 meters, in hole LK21-101.

November 23, 2021 – Toronto, Ontario, Initial down plunge drilling, has extended mineralization 250 meters southwest of the open-pit constrained MRE of the Kaukua Deposit, by intersecting 2.2 g/t Pd_Eq over 19.6 meters, within 1.5 g/t Pd_Eq over 74.5 meters, starting at 273 meters down hole (LK21-101) (Figure 1), said Palladium One Mining Inc. (“Palladium One” or the “Company”).

Derrick Weyrauch, President and CEO commented: “The high-grade “Core Zone” of the Kaukua Deposit has been extended to the southwest and remains open for expansion. These are among the thickest intercepts to date within the Kaukua Deposit and will add significant tonnage to our existing resource endowment. An updated NI43-101 Mineral Resource Estimate is schedule for Q1 2022 and will incorporate these valuable results”

These drilling results extend the Kaukua Deposit mineralization southwest of the existing conceptual open-pit, where it remains open (Figure 1 and 2). Previous geological interpretations suggested that the Kaukua deposit was cut-off by a northwest trending fault, occupying a distinct magnetic low and topographic lineament. Drilling has now demonstrated that the magnetic low is the result of a later cross cutting dyke (now referred to as the high-titanium gabbro dyke) and that the Kaukua deposit remains open to the south. Significantly the high-grade “Core Zone” of the Kaukua Deposit has been extended 250 meters to the southwest and we have encountered some of the thickest intercepts (>100m) to date within the deposit.

Figure 1. Historic and current drilling in the Kaukua and Kaukau Southwest area having a drill data cut off date of September 4, 2021 (hole LK21-128), assays have been received for holes up to LK21-103, the remainder are pending. Background is Induced Polarization (“IP”) Chargeability.

Figure 2. Cross sections showing holes LK21-102, 107 and historic holes KAU07-005, KAU12-057 and 068 and their position with respect to the 2019 Kaukua Mineral Resource Estimate Whittle Open Pit.

Table 1. LK Project, Kaukua Drill Hole Results

Palladium Equivalent

The Company is calculating Palladium equivalent using US$1,600 per ounce for palladium, US$1,100 per ounce for platinum, US$1,650 per ounce for gold, US$3.50 per pound for copper, US$7.50 per pound for nickel, and $20/b cobalt consistent with the calculation used in the Company’s September 2021 NI 43-101 Haukiaho Resource Estimate.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101

About Palladium One

Palladium One Mining Inc. is a mineral exploration and development company targeting district scale, Platinum-Group-Element (“PGE”)-Copper-Nickel deposits in leading mining jurisdictions. Its flagship project is the Läntinen Koillismaa (“LK”) PGE-Copper-Nickel project in north-central Finland, having an existing pit-constrained NI43-101 Mineral Resource Estimate and ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. In Canada, is the 2020 Discovery of the Year Award winning Tyko Copper-Nickel Project a high sulphide tenor, Copper-Nickel project.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

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

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.