Release – CoreCivic (CXW) Announces Agreement In Principle to Settle Shareholder Litigation


CoreCivic Announces Agreement In Principle to Settle Shareholder Litigation

BRENTWOOD, Tenn., April 16, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it has reached an agreement in principle to settle a purported securities class action lawsuit filed on August 23, 2016, against CoreCivic and certain of its current and former officers in the United States District Court for the Middle District of Tennessee, captioned Grae v. Corrections Corporation of America et al.. The lawsuit was filed after the company’s stock price declined following issuance of an August 18, 2016 memorandum from the Department of Justice instructing the Federal Bureau of Prisons (“BOP”) to reduce and ultimately end the use of privately operated prisons.

“We are pleased to resolve this matter and put it behind us in order to focus on the Company’s business,” said Damon Hininger, CoreCivic’s President and Chief Executive Officer. “While we continue to believe the allegations in this case were without merit, we also believe that eliminating the risk, cost and distraction related to the litigation is in the best interest of CoreCivic and its shareholders.”

The monetary terms of the settlement of the Grae case include a payment by CoreCivic of $56 million in return for a dismissal of the Grae case with prejudice and a full release of all claims against all defendants, including CoreCivic and its current and former officers. The proposed settlement contains no admission of liability, wrongdoing, or responsibility by any of the defendants, including CoreCivic, and is subject to the negotiation and execution of a definitive settlement agreement among the parties, and court approval of such definitive settlement agreement. A jury trial for the case was previously scheduled to begin May 10, 2021.

This press release contains “forward-looking statements” within the meaning of federal securities laws. Words such as “will,” “should,” “expect,” “plans” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to CoreCivic’s expectations regarding the agreement in principle to settle the Grae case. These forward-looking statements may be affected by risks and uncertainties in CoreCivic’s business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosures contained in CoreCivic’s Securities and Exchange Commission (“SEC”) filings, including CoreCivic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed with the SEC on February 22, 2021. CoreCivic wishes to caution readers that certain important factors may have affected and could in the future affect CoreCivic’s actual results and could cause CoreCivic’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of CoreCivic. CoreCivic undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact:

Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024

Media: Steve Owen – Vice President, Communications – (615) 263-3107

Release – Neovasc (NVCN) Provides Tiara TA Update


Neovasc Provides Tiara TA Update

VANCOUVER and MINNEAPOLIS – (NewMediaWire) – April 16, 2021 – Neovasc Inc.(“Neovasc” or the “Company”) (NASDAQ,TSX: NVCN), today announced that the Tiara Transapical system (Tiara TA) will be unable to receive a European CE mark under the current Medical Device Directive regulations (MDD) ending on May 26, 2021. The Company is collaborating with its European Notified Body (the Notified Body) on potential next steps.

Neovasc has been working with its Notified Body for more than a year to obtain a decision on a CE Mark for Tiara TA, including an ongoing exchange of additional information beyond the original submission. The Company has determined that it will be unable to provide the additional information required by the Notified Body, which includes further testing data, before the current MDD regulations end next month.

The MDD is set to be replaced by the newer Medical Device Regulation (MDR) on May 26, 2021.A CE Mark under either the MDD or MDR regulations would allow the Company to commercialize the Tiara TA system in Europe.

We are disappointed that the MDD regulations are going to be replaced before we are able to gain CE Mark approval for the Tiara TA system, said Fred Colen, Chief Executive Officer Neovasc. We believe that the Tiara valve has shown to be a remarkable device and we are pleased with the safety and efficacy profile the device has displayed in clinical trials to date. Our team has worked tirelessly, and we believe we have made meaningful progress with our notified body during COVID-19 lockdowns to advance the approval process, but we have run out of time to complete the review before the transition to MDR next month, our previously announced target date for a CE mark decision.

The Company expects to provide an update at, or around, the upcoming Q1 2021 Earnings Call scheduled for early May.

The transition from MDD to MDR does not impact the Tiara transfemoral program (Tiara TF). The Company has always anticipated that Tiara TFs CE Mark submission would be assessed under MDR.

 

ABOUT NEOVASC INC.

Neovasc is a specialty medical device company that develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. The Company is a leader in the development of minimally invasive transcatheter mitral valve replacement technologies, and minimally invasive devices for the treatment of refractory angina. Its products include Neovasc Reducer(TM), for the treatment of refractory angina, which is not currently commercially available in the United States and has been commercially available in Europe since 2015, and Tiara(TM), for the transcatheter treatment of mitral valve disease, which is currently under clinical investigation in the United States, Canada, Israel and Europe. For more information, visit: www.neovasc.com.

 

Investors

Mike Cavanaugh
Westwicke/ICR
Phone: +1.646.877.9641
[email protected]

Media

SeanLeous
Westwicke/ICR
Phone: +1.646.866.4012
[email protected]

Release – Sierra Metals Inc. (SMT:CA)(SMTS) – Reports First Quarter 2021 Production Results


Sierra Metals Reports First Quarter 2021 Production Results

 

Maintaining Full-Year 2021 Production Guidance

(All metal prices reported in USD)

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces first quarter 2021 production results featuring 4.5% growth of consolidated ore throughput.

Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico.

First Quarter 2021 Production Highlights

  • Silver production of 1.0 million ounces; a 1% increase from Q1 2020
  • Copper production of 7.9 million pounds; a 33% decrease from Q1 2020; mainly due to a temporary shift from copper-rich zones to lower grade polymetallic areas at Yauricocha caused by temporary operational challenges.
  • Lead production of 9.0 million pounds; a 1% decrease from Q1 2020
  • Zinc production of 24.1 million pounds; an 11% increase from Q1 2020
  • Gold production of 2,636 ounces; a 28% decrease from Q1 2020
  • Copper equivalent production of 25.5 million pounds; an 18% decrease from Q1 2020
  • Record quarterly throughput of 3,728 tpd at the Yauricocha Mine

The Yauricocha Mine achieved 14% higher throughput as compared to Q1 2020 despite the various operational challenges still posed by the COVID-19 pandemic. Lower grades for all metals negated the impact of higher throughput resulting in a 21% decrease in copper equivalent pounds produced during Q1 2021 compared to Q1 2020.

At Bolivar, a 2% decrease in throughput combined with lower grades for all metals resulted in a 20% decrease in copper equivalent pounds produced during Q1 2021 as compared to Q1 2020. At Cusi, 30% higher silver grades offset the impact of 2% lower throughput in Q1 2021 as compared to Q1 2020, resulting in 17% higher silver equivalent Q1 2021 production.

Luis Marchese, CEO of Sierra Metals, commented, “The health and safety of our work force and surrounding communities continues to be of the upmost importance and we continue to manage the implications of COVID-19 using best practices with a goal of avoiding any mine closures, while continuing to aim for production targets.”

He continued,“Facing ongoing operational difficulties due to Covid-19 in Peru and México, the Company performed relatively well during the first quarter with a 4.5% increase in consolidated throughout as well as record quarterly throughput at Yauricocha. These results were despite of other additional challenges, including a power failure at the Cusi Mine resulting from the large scale power outage originating in Texas. Additionally, at Yauricocha we experienced some operational issues at the Esperanza Zone which provides most of the copper ore for the mine. However, these have since been resolved and normal operations have resumed. Furthermore, the annual production guidance previously provided remains in place without any changes.”

He concluded,“The coming months continue to look challenging for the Company due to Covid-19 operational constraints at all mines but particularly in Peru. We expect to improve upon the first quarter production results and continue to work on completion of Preliminary Feasibility Studies for all three mines building upon the positive Preliminary Economic Assessments released in 2020. Brownfield and Greenfield Exploration continues, and we strive to optimize and improve operations with an aim of reducing costs where possible at all mines.”

Consolidated Production Results

Consolidated Production Q1 2021 Q1 2020

% Var.

 

Tonnes processed

774,421

740,698

5%

Daily throughput

8,851

8,465

5%

 

 

Silver production (000 oz)

961

948

1%

Copper production (000 lb)

7,895

11,775

-33%

Lead production (000 lb)

9,004

9,079

-1%

Zinc production (000 lb)

24,123

21,646

11%

Gold Production (oz)

2,636

3,657

-28%

 

 

Silver equivalent ounces (000’s)(1)

3,741

4,749

-21%

Copper equivalent pounds (000’s)(1)

25,496

31,182

-18%

Zinc equivalent pounds (000’s)(1)

79,778

84,477

-6%

 

(1) Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2021 were calculated using the following realized prices: $26.44/oz Ag, $3.88/lb Cu, $1.24/lb Zn, $0.92/lb Pb, $1,778/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2020 were calculated using the following realized prices: $16.57/oz Ag, $2.53/lb Cu, $0.93/lb Zn, $0.80/lb Pb, $1,585/oz Au.

Yauricocha Mine, Peru

The Yauricocha Mine processed 326,211 tonnes during Q1 2021, which is a 14% increase from Q1 2020, despite continuing to face various COVID-19 related operational challenges during the quarter.

Negative variances in grades resulted from the irregular contribution from the high-grade cuerpos chicos zones,due to lack of development as well as operational issues at the copper rich Esperanza Zone which has subsequently been corrected This led to a higher proportion of ore coming from the low-grade larger ore bodies. Q1 2021 metal production was 50%, 29% and 9% lower for copper, gold and silver respectively, while zinc and lead production were 11% and 1% higher as compared to Q1 2020.

A summary of production from the Yauricocha Mine for Q1 2021 is provided below:

Yauricocha Production Q1 2021 Q1 2020

% Var.

 

Tonnes processed

326,211

285,225

14%

Daily throughput

3,728

3,260

14%

 

 

Silver grade (g/t)

54.34

65.86

-17%

Copper grade

0.56%

1.14%

-51%

Lead grade

1.34%

1.56%

-14%

Zinc grade

3.71%

3.91%

-5%

Gold Grade (g/t)

0.43

0.69

-38%

 

Silver recovery

79.05%

82.01%

-4%

Copper recovery

66.26%

75.42%

-12%

Lead recovery

90.16%

87.91%

3%

Zinc recovery

90.34%

87.96%

3%

Gold Recovery

19.77%

19.89%

-1%

 

 

Silver production (000 oz)

451

495

-9%

Copper production (000 lb)

2,682

5,384

-50%

Lead production (000 lb)

8,706

8,608

1%

Zinc production (000 lb)

24,123

21,646

11%

Gold Production (oz)

890

1,254

-29%

 

 

Copper equivalent pounds (000’s)(1)

15,937

20,147

-21%

Zinc equivalent pounds (000’s)(1)

49,867

54,605

-9%

 

(1) Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2021 were calculated using the following realized prices: $26.44/oz Ag, $3.88/lb Cu, $1.24/lb Zn, $0.92/lb Pb, $1,778/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2020 were calculated using the following realized prices: $16.57/oz Ag, $2.53/lb Cu, $0.93/lb Zn, $0.80/lb Pb, $1,585/oz Au.

Bolivar Mine, Mexico

Mining operations at Bolivar in Q1 2021 were impacted by the lack of manpower due to COVID-19 and bad weather earlier during the quarter. As a result, the Bolivar mine processed 371,608 tonnes in Q1 2021, representing a 2% decrease from Q1 2020. Head grades were also impacted by delays in development attributable to COVID-19 issues. Grades for copper, silver and gold were 13%, 7% and 32% lower respectively, as compared to Q1 2020. The decrease in throughput and grades resulted in a 20% decrease in copper equivalent pounds produced during Q1 2021 as compared to Q1 2020. In Q1 2021, copper production decreased by 18% to 5.2 million pounds, silver production decreased 6% to 0.2 million ounces, and gold production decreased 27% to 1,591 ounces compared to Q1 2020.

A summary of production for the Bolivar Mine for Q1 2021 is provided below:

Bolivar Production Q1 2021 Q1 2020

% Var.

 

Tonnes processed (t)

371,608

377,562

-2%

Daily throughput

4,247

4,315

-2%

 

 

Copper grade

0.77%

0.89%

-13%

Silver grade (g/t)

19.68

21.09

-7%

Gold grade (g/t)

0.19

0.28

-32%

 

Copper recovery

82.80%

85.91%

-4%

Silver recovery

83.60%

82.01%

2%

Gold recovery

69.60%

63.89%

9%

 

 

Copper production (000 lb)

5,213

6,391

-18%

Silver production (000 oz)

197

210

-6%

Gold production (oz)

1,591

2,191

-27%

 

 

Copper equivalent pounds (000’s)(1)

7,285

9,147

-20%

 

(1) Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2021 were calculated using the following realized prices: $26.44/oz Ag, $3.88/lb Cu, $1.24/lb Zn, $0.92/lb Pb, $1,778/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2020 were calculated using the following realized prices: $16.57/oz Ag, $2.53/lb Cu, $0.93/lb Zn, $0.80/lb Pb, $1,585/oz Au.

Cusi Mine, Mexico

Operating at an average throughput of 875 tpd, Cusi processed 2% lower tonnes of ore in Q1 2021 as compared to Q1 2020. Silver grades were 30% higher than Q1 2020 as mining continued in the high-grade Northeast Southwest vein system. Silver production increased 29% to 0.3 million ounces, but gold and lead production were 27% and 37% lower due to lower grades for these metals. Additionally, production was impacted by the large scale power outage originating in Texas that was experienced during the quarter. Silver equivalent ounces produced for the quarter increased to 336,000 ounces or 17% higher as compared to Q1 2020.

A summary of production for the Cusi Mine for Q1 2021 is provided below:

Cusi Production Q1 2021 Q1 2020

% Var.

 

Tonnes processed (t)

76,602

77,911

-2%

Daily throughput

875

890

-2%

 

 

Silver grade (g/t)

157.22

120.88

30%

Gold grade (g/t)

0.16

0.18

-11%

Lead grade

0.22%

0.33%

-33%

 

Silver recovery (flotation)

80.91%

80.21%

1%

Gold recovery (lixiviation)

39.57%

46.53%

-15%

Lead recovery

81.46%

84.17%

-3%

 

 

Silver production (000 oz)

313

243

29%

Gold production (oz)

155

212

-27%

Lead production (000 lb)

298

471

-37%

 

 

Silver equivalent ounces (000’s)(1)

334

286

17%

 

(1) Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2021 were calculated using the following realized prices: $26.44/oz Ag, $3.88/lb Cu, $1.24/lb Zn, $0.92/lb Pb, $1,778/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2020 were calculated using the following realized prices: $16.57/oz Ag, $2.53/lb Cu, $0.93/lb Zn, $0.80/lb Pb, $1,585/oz Au.

Quality Control

All technical production data contained in this news release has been reviewed and approved by Americo Zuzunaga, FAusIMM (CP Mining Engineer) and Vice President of Corporate Planning is a Qualified Person and chartered professional qualifying as a Competent Person under the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Augusto Chung, FAusIMM (CP Metallurgist) and Vice President Special Projects and Metallurgy and a chartered professional qualifying as a Competent Person on metallurgical processes.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Toronto Stock Exchange and the Bolsa de Valores de Lima under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Webwww.sierrametals.com | Twittersierrametals | FacebookSierraMetalsInc | LinkedInSierra Metals Inc | Instagramsierrametals

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws related to the Company (collectively, “forward-looking information”). Forward-looking information includes, but is not limited to, statements with respect to the Company’s operations, including anticipated developments in the Company’s operations in future periods, the Company’s planned exploration activities, the adequacy of the Company’s financial resources, and other events or conditions that may occur in the future. Statements concerning mineral reserve and resource estimates may also be considered to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if and when the properties are developed or further developed. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in our Annual Information Form dated March 18, 2021 in respect of the year ended December 31, 2020 and other risks identified in the Company’s filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above is not exhaustive of the factors that may affect any of the Company’s forward-looking information. Forward looking information includes statements about the future and are inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Mike McAllister
V.P., Investor Relations
Sierra Metals Inc.
+1 (416) 366-7777
Email: [email protected]

Luis Marchese
CEO
Sierra Metals Inc.
+1(416) 366-7777

Source: Sierra Metals Inc.

Palladium One Mining Inc. (NKORF)(PDM:CA) – Shaping Up to be a Promising Open Pit Scenario

Friday, April 16, 2021

Palladium One Mining Inc. (NKORF)(PDM:CA)
Shaping Up to be a Promising Open Pit Scenario

Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

    Phase II drilling program at the LK Project. In November 2020, the company began its 17,500-meter Phase II resource definition drilling program at its palladium-dominant Lantinen Koillismaa (LK) project in Finland. To date, 46 holes, representing 9,220 meters of drilling have been completed at Kaukua South. Results for 29 drill holes have been released, while 17 are pending. Drilling has focused on defining mineralization to a depth of 200 meters and continues to affirm continuity of near surface open pit grades and widths. Drilling at greater depth has also returned impressive results as demonstrated by Hole LK21-061 which returned 2.32 grams of palladium equivalent at 203.2 meters to 250.0 meters depth. Drilling has been paused for the spring thaw and is scheduled to resume in mid-May.

    Opportunity for a deeper open pit mine.  Kaukua South consists of two mineralized zones. The upper zone typically returns higher Cu-Ni values and lower PGE grades. While less continuous than the lower zone, it exhibits greater widths. The continuous lower zone, the focus of the drilling program, is like the Kaukua deposit with high PGE tenors. Management plans to increase the average drilling depth …



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. 

Gevo (GEVO) – RNG Project Achieves Financial Closing Construction expected to begin end of April 2021


Gevo’s RNG Project Achieves Financial Closing Construction expected to begin end of April 2021

 

ENGLEWOOD,
Colorado – April 15, 2021

Gevo, Inc. (NASDAQ: GEVO), announced today that it has closed a $68,155,000 “Green Bond” private activity bonds offering (the “Green Bond Offering”) to finance the construction of its renewable natural gas (“RNG”) project in Northwest Iowa (the “RNG Project”). The RNG Project will generate RNG captured from dairy cow manure (the “Feedstock”).

The Feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling over 20,000 milking cows. When fully operational, the RNG Project is expected to generate approximately 355,000 MMBtu of RNG per year. Gevo is working with a major RNG dispenser to finalize an agreement to sell the RNG into the California market. RNG sale revenues are expected to benefit from California’s Low Carbon Fuel Standard (“LCFS”) program and the U.S. Environmental Protection Agency’s Renewable Identification Number (“RIN”) program. Some RNG may be used by Gevo as process energy in its Net-Zero 1 Project or Gevo’s other future Net-Zero projects.

Gevo fully funded the RNG Project’s development costs and 100% of its equity capital from cash reserves. Gevo received approximately $9.3 million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering. Construction of the RNG Project is expected to begin by the end of April 2021 and start up is expected in early 2022. Gevo will submit an LCFS pathway application to the California Air Resources Board and expects to realize full cash flows from LCFS credits and RINs in the second half of 2022. The RNG Project is then expected to generate cash for Gevo of approximately $9 to $16 million per year (including the LCFS credits and RINs).

“The RNG Project is expected to serve as an important component of Gevo’s Net-Zero strategy, and I want to thank President and Chief Operating Officer Chris Ryan and his team for their hard work and commitment that allowed us to accomplish this goal, and to Chief Financial Officer Lynn Smull and his team, and to Citigroup, for getting the debt deal done. We have a good team that has shown they can develop and finance RNG projects. We expect to use these capabilities going forward to develop additional RNG projects,” said Patrick R. Gruber, Chief Executive Officer of Gevo. “We are also pleased that our dairy partners will reap benefits from the RNG Project given that the manure digesters should improve the farms’ sustainability and lay the groundwork for more efficient recycling of nutrients and better soil health.”

The proceeds of the Green Bond Offering, combined with Gevo equity, will be used to finance (1) the construction of the RNG Project which is comprised of (A) three anaerobic digesters and related equipment situated on dairy farms located Northwest Iowa that will produce partially conditioned raw biogas from cow manure, (B) gathering pipelines to transport biogas to a centrally located gas upgrade system, (C) a centrally located gas upgrade system located in Doon, Iowa that will upgrade biogas to pipeline quality RNG and interconnect to Northern Natural Gas’ interstate pipeline, and (D) other related improvements; (2) to capitalize a portion of the interest due on the bonds during the construction period; and (3) to pay a portion of the costs of issuing the bonds.

For more information and details about the Green Bond Offering, please see the Current Report on Form 8-K that Gevo filed with the U.S. Securities and Exchange Commission on April 15, 2021.

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

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 relate to a variety of matters including, without limitation, the development and construction of the RNG Project, the ability of Gevo to realize production of RNG by the RNG Project, Gevo’s ability to generate cash from the RNG Project, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo 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 Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo 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 Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

QuickChek – April 15, 2021



Gevo’s RNG Project Achieves Financial Closing

Gevo announced that it has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas project in Northwest Iowa

Research, News & Market Data on Gevo

Watch recent presentation from NobleCon17



Harte Hanks Announces Opening of New State-of-the-Art Fulfillment and Distribution Facility in Kansas City, Kansas

Harte Hanks announced the opening of a new state-of-the-art fulfillment and distribution facility in Kansas City, Kansas.

Research, News & Market Data on Harte Hanks



CoreCivic Announces Upsizing and Pricing of $450 Million 8.25% Senior Notes Due 2026

CoreCivic, Inc. closed its offering of $450,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2026 on April 14, 2021

Research, News & Market Data on CoreCivic

Watch recent presentation from NobleCon17



Toilet Paper Sales Unravel as Households are Flush with Paper Goods

2020 blurred people’s focus as fight-or-flight instincts sometimes overruled common sense



Palladium One Continues to Intersect Significant Widths at Kaukua South

Palladium One Mining announced that drilling continues to return significant PGE grades and widths including 47 meters at 2.3 g/t Palladium equivalent at Kaukua South

Research, News & Market Data on Palladium One

Virtual Road Show tomorrow with Palladium One Mining CEO Derrick Weyrauch

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Release – Gevo (GEVO) – RNG Project Achieves Financial Closing Construction expected to begin end of April 2021


Gevo’s RNG Project Achieves Financial Closing Construction expected to begin end of April 2021

 

ENGLEWOOD,
Colorado – April 15, 2021

Gevo, Inc. (NASDAQ: GEVO), announced today that it has closed a $68,155,000 “Green Bond” private activity bonds offering (the “Green Bond Offering”) to finance the construction of its renewable natural gas (“RNG”) project in Northwest Iowa (the “RNG Project”). The RNG Project will generate RNG captured from dairy cow manure (the “Feedstock”).

The Feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling over 20,000 milking cows. When fully operational, the RNG Project is expected to generate approximately 355,000 MMBtu of RNG per year. Gevo is working with a major RNG dispenser to finalize an agreement to sell the RNG into the California market. RNG sale revenues are expected to benefit from California’s Low Carbon Fuel Standard (“LCFS”) program and the U.S. Environmental Protection Agency’s Renewable Identification Number (“RIN”) program. Some RNG may be used by Gevo as process energy in its Net-Zero 1 Project or Gevo’s other future Net-Zero projects.

Gevo fully funded the RNG Project’s development costs and 100% of its equity capital from cash reserves. Gevo received approximately $9.3 million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering. Construction of the RNG Project is expected to begin by the end of April 2021 and start up is expected in early 2022. Gevo will submit an LCFS pathway application to the California Air Resources Board and expects to realize full cash flows from LCFS credits and RINs in the second half of 2022. The RNG Project is then expected to generate cash for Gevo of approximately $9 to $16 million per year (including the LCFS credits and RINs).

“The RNG Project is expected to serve as an important component of Gevo’s Net-Zero strategy, and I want to thank President and Chief Operating Officer Chris Ryan and his team for their hard work and commitment that allowed us to accomplish this goal, and to Chief Financial Officer Lynn Smull and his team, and to Citigroup, for getting the debt deal done. We have a good team that has shown they can develop and finance RNG projects. We expect to use these capabilities going forward to develop additional RNG projects,” said Patrick R. Gruber, Chief Executive Officer of Gevo. “We are also pleased that our dairy partners will reap benefits from the RNG Project given that the manure digesters should improve the farms’ sustainability and lay the groundwork for more efficient recycling of nutrients and better soil health.”

The proceeds of the Green Bond Offering, combined with Gevo equity, will be used to finance (1) the construction of the RNG Project which is comprised of (A) three anaerobic digesters and related equipment situated on dairy farms located Northwest Iowa that will produce partially conditioned raw biogas from cow manure, (B) gathering pipelines to transport biogas to a centrally located gas upgrade system, (C) a centrally located gas upgrade system located in Doon, Iowa that will upgrade biogas to pipeline quality RNG and interconnect to Northern Natural Gas’ interstate pipeline, and (D) other related improvements; (2) to capitalize a portion of the interest due on the bonds during the construction period; and (3) to pay a portion of the costs of issuing the bonds.

For more information and details about the Green Bond Offering, please see the Current Report on Form 8-K that Gevo filed with the U.S. Securities and Exchange Commission on April 15, 2021.

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

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 relate to a variety of matters including, without limitation, the development and construction of the RNG Project, the ability of Gevo to realize production of RNG by the RNG Project, Gevo’s ability to generate cash from the RNG Project, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo 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 Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo 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 Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

The Case for Higher Uranium Prices

 


Here’s How Uranium’s Prices Could Spike in 2021

 

Uranium spot prices rose to as high as $34/lb in late May 2020.  Later in the year they sank below $30/lb in response to weakened economic conditions. As more signs of pandemic-related drags on the economy have begun to be removed, spot prices have risen back above $30.

 

 

Today, the price of the alternative fuel source remains well below the mid-forties; this is the level most North American producers claim to need to justify resuming production. At present, electric utility buyers and uranium producers seem to be at a standstill. Producers are unwilling to restart production until they have long-term contracts and buyers are unwilling to sign long-term contracts at levels above current spot prices.  An argument can be made that a sharp rise in uranium prices will follow, based on the following:

  • Uranium supply is not meeting demand. Worldwide uranium production fell to 123 million pounds in 2020, the lowest level since 2008. Production falls well short of global uranium demand, which is around 180 million lbs. The gap between demand and supply is being met by drawing down inventories, downgrading weapon-grade sources, and uranium underfeeding (re-enriching uranium tailing). These are short-term strategies.
  • Major uranium mines are closing removing 5.6
    million lbs. of production.
    On January 8, 2021, the Ranger uranium mine in Australia ceased production removing 3 million lbs. of annual production. The Cominak mine in Niger ceased production on March 31, 2021 removing an additional 2.8 million lbs. of production.
  • The gap is growing as demand rises. New nuclear plants are being proposed. China’s recently released five-year energy plan calls for nuclear energy capacity to increase by 46% by 2025. New plants have been proposed in India and the Middle East. Several plants shut down by the 2011 Fukushima disaster have filed to restart. President Biden’s carbon reduction plans will promote increased use of nuclear energy in the United States.

 

 

  • Kazakhstan will not step up to fill the gap. Kazakhstan supplies about 40% of the world’s uranium supply. Last summer, Kazatomprom, Kazakhstan’s state-owned uranium production company, indicated that it will “flex down” production by 20% in 2022 and not return to full production levels until a sustained market recovery is evident. Assuming Kazakhstan goes through with a reduction of approximately 15 million pounds, the gap between demand and supply will grow from 55 million lbs. to 70 million lbs.
  • Canada cannot fill the gap by restarting
    mines.
    Production at the two largest mines in Canada (McArthur River and Cigar Lake) was suspended in 2020 due to COVID and pricing issues. Cameco, the operator of both mines, announced on April 9th that it will restart production at Cigar Lake. However, Cigar Lake only produced 5 million lbs of uranium in 2020 and peaked at around 10 million lbs. McArthur River, which remains suspended, is licensed to produce up to 18.7 million lbs. annually but is unlikely to resume production until prices rise above $40/lb.

 

 

  • Russian supply is also decreasing. Russia produces about 5% of the world’s supply. In October 2020, the U.S. and Russia signed the Russian Suspension Agreement amendment, which will significantly reduce the amount of Russian uranium supplied to the U.S. beginning in 2021. The agreement reduces the allowed exports from 20% of US enrichment demand to an average of 17% over the next 20 years and no more than 15% in any year after 2028.
  • The proposed National Uranium Reserve will
    benefit U.S. uranium producers.
    The 2021 proposed federal budget includes $150 million for the creation of a U.S. uranium reserve over the next ten years. The Working Group Report cites that “it is in (our) national security interests to preserve the assets and investments of the entire U.S. nuclear enterprise and to revitalize the sector to regain U.S. global nuclear leadership.” As such, we believe the creation of a reserve will be done by purchasing uranium from U.S. uranium miners.

These factors lead to the belief that a rise in uranium prices is likely as inventories dry up within the next 12-18 months. When spot prices start to rise, we believe buyers will scramble to sign contracts. This will, in turn, accelerate the rise in spot uranium prices. What’s more, any rise in uranium prices is likely to last for several years. Exploration companies typically talk about a 5-10 year window between beginning exploration drilling and reaching production. Most exploration companies have not been drilling due to low prices. Consequently, there will not be a supply response to rising prices that will hold prices in check. The result could be a boom period for uranium companies that are able to move to production quickly.

 

Suggested Content:

How Does Uranium Fit Into the Energy Landscape?

Is the Price of Uranium Rising?



Are There Long-Lived Changes in Oil Market Holding Prices Up?

Lithium-Ion Battery Recycling Heats Up

 

Sources

 

Kazatomprom
to continue reduced uranium production through 2022 — ANS / Nuclear Newswire
, Nuclear New, August 25, 2020

UxC:
Uranium Market Outlook
,

McArthur
River/Key Lake – Suspended – Uranium Operations – Businesses – Cameco
, Cameco website

Federal
Register :: 2020 Amendment to the Agreement Suspending the Antidumping
Investigation on Uranium From the Russian Federation
,

US
and Russia sign final amendment to uranium suspension agreement – Nuclear
Engineering International (neimagazine.com)
, Nuclear Engineering International, October 8, 2020

Congress
Funds Establishment of National Uranium Reserve and Codifies Protections of the
Recently Extended Russian Suspension Agreement (apnews.com)
, Associated Press, December 22, 2020

https://www.mining.com/stars-are-aligning-for-uranium-price-rally/, Frik Els, Mining.com, March 31, 2021

 

Virtual Road Show Series – Friday, April 16 @ 1pm EDT

Join Palladium One Mining CEO Derrick Weyrauch for this exclusive corporate presentation, followed by a Q & A session moderated by Mark Reichman, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Register Now  |  View All Upcoming Road Shows

 

Release – Group 11 Technologies – Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project


Group 11 Technologies Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project with Revolutionary Technology

Environmentally Friendly Solutions and In Place Mining to Extract Precious Metals

April 14, 2021, Dallas, Texas: Group 11 Technologies Inc. (“Group 11”) is pleased to announce it has signed an option and earn-in agreement (the “Agreement”) with GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG”) to advance GFG’s Rattlesnake Hills Gold Project (the “Project”) in Wyoming, United States. Under the terms of the Agreement, Group 11 has the right to acquire, in multiple stages, up to 70% of the Project by completing a series of exploration and development expenditures (“Expenditures”) as summarized below and making staged cash and equity payments to GFG.

Group 11 Technologies Inc. is led by a group of technical pioneers and experts in the development and application of in-situ recovery (“ISR”) with significant experience operating in Wyoming. Group 11’s goal is to combine ISR, a non-invasive extraction technology, with an environmentally friendly water-based chemistry to recover gold and other metals, providing an alternative development path to conventional open pit and underground mineral extraction.

The Rattlesnake Hills Gold Project is viewed as an ideal test project for Group 11 for the following reasons:

  • Wyoming is a top United States mining jurisdiction with regulators who understand and effectively legislate ISR better than anywhere else in the US;
  • Gold grades throughout the system vary from low to high allowing for testing various grades response to the ISR process;
  • Gold occurs in a variety of geological settings, allowing for testing of various styles of mineralization;
  • Gold occurs across a large physical area allowing for testing under various lithostatic conditions across and through several rock types and chemistries;
  • Gold occurs under relatively accessible topography, an important consideration for wellfield development.

Live Webcast – April 15, 2021

Management of GFG and Group 11 will host a webcast on Thursday, April 15 at 10:00 am Eastern Standard

Time (7:00 am Pacific Standard Time) to discuss the Agreement, Group 11’s innovative technology, the

upcoming programs and to answer any questions from shareholders. Shareholders, analysts, investors, and media are invited to join the live webcast by registering using the link below.

Link: https://6ix.com/event/gfg-and-group11/

After registering, you will receive a confirmation email containing details to access the webinar via conference call or webcast. A replay of the webcast will be available following the conclusion of the call.

“Group 11 is very excited to establish its first anchor project with GFG and the Rattlesnake Hills Gold Project. Rattlesnake hosts all the necessary parameters, in a well-established jurisdiction, to test and apply the combination of ISR technology and our exclusive use of EnviroLeach’s non-cyanide water based chemistry for ISR applications,” said Janet Lee-Sheriff, President of Group 11. “We already have successfully tested the EnviroLeach non-cyanide chemistry on sulfide concentrates and achieved optimal results in shorter timelines than cyanide. The recyclability of the environmentally-friendly chemistry makes it an attractive ingredient in ISR technology and an alternative to cyanide for gold recovery. Group 11 will commence first stage lab test work on drill core in the summer of 2021 and we look forward to advancing our work to develop new solutions for the mineral extraction industry.”

“We are excited to have entered into a partnership with Group 11 to advance our Rattlesnake Hills Gold Project and be part of a technology that could revolutionize the gold mining industry,” stated Brian Skanderbeg, President and CEO of GFG. “Our Project is the ideal asset to test and optimize Group 11’s technology given the character of the mineralized systems, significant zones of gold mineralization and the established permitting path for ISR mining in Wyoming. This is an exciting development for our shareholders and stakeholders as we work with our partners to develop and apply ISR technology to gold systems. Over the last several decades, this technology has been successfully applied in both uranium and copper mining, driving significantly reduced development timeframes, lower capital intensity and materially reduced environmental impacts. We believe in its potential to be equally applicable to the gold space.”

Terms of the Agreement

Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a six- year period by:

  • Incurring a minimum of US$9.5 million in Expenditures.
  • Paying 100% of holding and maintenance costs related to the Project.
  • Covering all Expenditures to advance the Project into commercial production.
  • Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.
  • Making a cash payment of US$7.5 million.

Summary of Agreement Stages

 

 

(1) Minimum expenditures exclude holding and maintenance costs.

(2) Commercial production is deemed as a rate of not less than 50% of the feasibility study-rated annual capacity.

Additional terms:

  • Closing of the Agreement is conditional upon Group 11 raising a minimum of US$1.5 million within 45 days after the execution of the Agreement.
  • The Agreement contains pre-emptive rights provisions should either party elect to sell its interest in the Project.
  • Group 11 has the option to extend any stage for 12 additional months by making a US$500,000 cash payment to GFG.
  • Group 11 will act as manager on the Project.

The Rattlesnake Hills Gold Project

The Rattlesnake Hills Gold Project is a district-scale gold exploration project located in central Wyoming approximately 100 kilometres southwest of Casper. Geologically, the Project is centrally located within a roughly 1,500-kilometre-long belt of alkalic intrusive complexes that occur along the eastern side of the Rocky Mountains from Montana to New Mexico, several of which are associated with multiple gold deposits.

The Project has approximately 100,000 metres (“m”) of historic drilling which has outlined three significant zones of alteration and precious metal mineralization that are associated with Eocene age alkalic intrusions at North Stock, Antelope Basin and Blackjack. The majority of the drilling has focused on near-surface, open pit mineralization in the North Stock and Antelope Basin deposits with highlights that include intercepts(3) of 1.85 grams of gold per tonne (g/t Au) over 236.2 m hole length; 4.20 g/t Au over

77.7 m hole length; 2.08 g/t Au over 150.9 m hole length and 0.82 g/t Au over 99.1 m hole length. In addition  to  the  outlined  zones  of  mineralization,  the  Company  believes  that  the  district  is  highly

prospective and has outlined several kilometre-scale greenfield targets that have never been drill tested. These greenfield targets were generated from the Company’s geophysical and geochemical programs and host strong similarities to the North Stock and Antelope Basin systems.

(3) Gold intervals reported are based on a 0.20 g/t or 0.50 g/t Au cutoff. Weighted averaging has been used to calculate all reported intervals. True widths are estimated at 60-100% of drilled thicknesses.

Qualified Persons

Brian Skanderbeg, P.Geo. and M.Sc., serves as President and CEO of GFG, and is a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Skanderbeg has reviewed the respective core intervals, sampling and QA/QC procedures and results thereof as verification of the historical drilling data disclosed above and has approved the information contained in this news release.

About GFG Resources Inc.

GFG Resources is a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming. In Ontario, the Company owns 100% of the Pen and Dore gold projects, two large and highly prospective gold properties west of the prolific gold district of Timmins, Ontario, Canada. The Pen and the Dore gold projects have similar geological settings that host most of the gold deposits found in the Timmins Gold Camp which have produced over 70 million ounces of gold. The Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located approximately 100 kilometres southwest of Casper, Wyoming, U.S. The geologic setting, alteration and mineralization seen in the Rattlesnake Hills are similar to other gold deposits of the Rocky Mountain alkaline province which, collectively, have produced over 50 million ounces of gold.

About Group 11 Technologies Inc.

Group 11 is a private US-based company committed to the development and application of environmentally and socially responsible precious metals mineral extraction. The combination of in-situ recovery extraction (ISR) technology and environmentally friendly water based chemistry to recover gold and other metals provides a promising alternate solution to conventional open pit and underground mineral extraction. The goal of advancing sustainable extraction considers growing concerns surrounding water use and discharge, carbon footprint, energy consumption, community stakeholders and workplace safety while addressing a growing global need for metals in our daily lives. Group 11 was founded by Enviroleach Technologies Inc. (CSE: ETI; OTCQB: EVLLF), Encore Energy Corp. (TSXV: EU; OTCQB: ENCUF) and Golden Predator Mining Corp. (TSXV: GPY; OTCQB: NTGSF).

Group 11 is a group of elements in the periodic table, also known as the coinage metals, consisting of gold (Au), silver (Ag) and copper (Cu).

For additional information: Group 11 Technologies Inc.

Janet Sheriff, President

214-304-9552

[email protected] www.gr11tech.com

GFG Resources Inc.

Brian Skanderbeg, President & CEO or

Marc Lepage, Vice President, Business Development Phone: (306) 931-0930

[email protected] www.gfgresources.com

Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain forward-looking statements within the meaning of applicable securities laws including transactions and other properties, and the potential advancement thereof. Forward- looking statements are statements that relate to future, not past, events. In this context, forward- looking statements often address 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. Estimates of mineral resources and reserves are also forward looking statements because they constitute projections regarding the amount of minerals that may be encountered in the future. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the transaction are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the 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. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Release – Harte-Hanks Inc. (HRTH) – Announces Opening of New State-of-the-Art Fulfillment and Distribution Facility in Kansas City Kansas


Harte Hanks Announces Opening of New State-of-the-Art Fulfillment and Distribution Facility in Kansas City, Kansas

 


New 297,000 Sq. Ft. Center with FDA/KDA Licensing Provides Food, OTC and Packaged Goods Product Storage and Distribution Capabilities

AUSTIN, TexasApril 15, 2021 /PRNewswire/ — Harte Hanks (Harte Hanks), a leading global customer experience company, today announced the opening of a new state-of-the-art fulfillment and distribution facility in Kansas City, Kansas.

This new location enables Harte Hanks’ clients to reach their customers with products in any region of the contiguous United States using standard ground transportation within three days, and outer regions such as HawaiiAlaska and Puerto Rico within five days.

The Kansas City facility is expected to begin distributing over 20,000 packages a day, supporting the company’s move into eCommerce fulfillment. The facility expects to employ up to 125 professionals in various areas, including packaging, warehousing, logistics, and sales in both new and existing job opportunities.

Harte Hanks chose the Kansas City area to enable existing employees to access the new operation easily and to tap into the skilled workforce in the Kansas City marketplace as the company grows.

Brian Linscott, Harte Hanks’ Chief Operating Officer, said, “We are excited to expand our Fulfillment footprint, retain our highly skilled Kansas City team, and leverage the central distribution location to create efficient solutions for current and new customers.”

The facility, which features leading-edge digital print and packaging capabilities, is registered with the FDA and the Kansas Department of Agriculture to store and distribute packaged food products. These features, along with the facility’s grade A National Sanitation Foundation (NSF) certification, ensure that products and brands will be stored and shipped using the highest sanitation and food safety standards. 

“Whether fulfilling OTC products like vitamins and supplements, coffees and teas, pet foods, snack foods, cereals, or any packaged food product, this state-of-the-art temperature-controlled facility ensures that your product is delivered quickly and safely to your most desired customer,” said Pat O’Brien, Managing Director of Harte Hanks’ Fulfillment and Logistics business. “Our Marketing Services capabilities also provide clients with the ability to manage their digital storefront, end to end, making our offer highly differentiated.”    

Mr. O’Brien noted, for example, the facility’s ability to deliver fast and easy “smart sampling” options for customers. “Whether sampling packaged goods, pharmaceutical products, eCommerce goods or healthcare patient kits, the new facility’s central location can rapidly process and ship these products to customers in an incredibly effective manner that also provides significant cost savings.” 

About Harte Hanks

Harte Hanks (OTCMKTS: HRTH) is a global omnichannel customer experience company. We partner with clients to seamlessly manage experiences with their customers throughout the entire customer lifecycle through our marketing services, customer care, and fulfillment and logistics offerings. Harte Hanks works with some of the world’s most respected brands, including Bank of America, Cisco, IBM, Pfizer, Sony and Ford, among others. Headquartered in Austin, Texas, Harte Hanks has more than 2,000 employees in offices across the Americas, Europe and Asia Pacific.

For more information, visit hartehanks.com. 
For any questions, please contact [email protected]

Images Available Upon Request

SOURCE Harte Hanks

Release – CoreCivic (CXW) – Announces Closing of $450 Million 8.25 Percent Senior Notes Due 2026

 


CoreCivic Announces Upsizing and Pricing of $450 Million 8.25% Senior Notes Due 2026

 

BRENTWOOD, Tenn., April 15, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the “Company”) closed its offering of $450,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2026 (the “Notes”) on April 14, 2021. The Notes were priced at 99.0% of face value and have an effective yield to maturity of 8.50%. The aggregate net proceeds from the sale of the Notes are expected to be approximately $435.1 million, after deducting the original issuance and underwriting discounts and estimated offering expenses. CoreCivic is using a significant amount of the net proceeds from the offering of the Notes (i) to redeem all $250 million principal amount of its outstanding 5.00% senior notes due 2022 (the “2022 Senior Notes”), which have been called for redemption on May 14, 2021 by a redemption notice issued on April 14, 2021, including the payment of the applicable make-whole amount and accrued interest, and (ii) to otherwise repay or reduce its other indebtedness, which includes repurchasing approximately $128 million principal amount of the $350 million aggregate principal amount of 4.625% senior notes due 2023 (the “2023 Senior Notes”). Following the repurchases of the 2023 Senior Notes described in the preceding sentence, the outstanding principal balance of the 2023 Senior Notes will be approximately $222 million. CoreCivic may use any remaining proceeds for general corporate purposes.

Imperial Capital acted as left lead underwriter, StoneX Financial Inc. acted as joint bookrunner, and Wedbush Securities Inc. acted as co-manager for the offering.

The Notes were offered pursuant to CoreCivic’s effective shelf registration statement on Form S-3ASR, which became effective upon filing with the Securities and Exchange Commission on April 6, 2021. A prospectus supplement describing the terms of the offering has been filed with the Securities and Exchange Commission and is available at www.sec.gov. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus relating to this offering may be obtained at Imperial Capital, LLC, 10100 Santa Monica Boulevard, Suite 2400, Los Angeles, CA 90067, Attn: Prospectus Department, or by telephone at (310) 246-3700.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute a notice of redemption under the indenture governing the 2022 Senior Notes or the indenture governing the 2023 Senior Notes, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This press release includes forward-looking statements regarding CoreCivic’s intended use of the remaining net proceeds from the issuance of the Notes. These forward-looking statements may be affected by risks and uncertainties in CoreCivic’s business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosures contained in CoreCivic’s Securities and Exchange Commission filings, including CoreCivic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission on February 22, 2021, as well as the risks identified in the prospectus supplement and the accompanying prospectus relating to the offering. CoreCivic wishes to caution readers that certain important factors may have affected and could in the future affect CoreCivic’s actual results and could cause CoreCivic’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of CoreCivic, including the risk that the offering of the Notes cannot be successfully completed. CoreCivic undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact: Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107

 

Release – Palladium One Mining (NKORF)(PDM:CA) – Continues to Intersect Significant Widths at Kaukua South


Palladium One Continues to Intersect Significant Widths at Kaukua South, Drills 47 Meters @ 2.3 g/t Pd_

 

Toronto, Ontario–(Newsfile Corp. – April 15, 2021) – Drilling continues to return significant PGE grades and widths including 47 meters at 2.3 g/t Palladium equivalent (“Pd_Eq”), (Hole LK21-061) at Kaukua South on the Läntinen Koillismaa (“LK”) PGE-Ni-Cu project in Finland, said Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Company”) today.

Thus far, 46 holes have been drilled as part of the 17,500-meter Phase II Resource Definition drill program at Kaukua South, including today’s results, 29 have been released, while results for 17 holes are pending. The program’s goal has been to define the mineralization from surface to a depth of only 200 metres over the known 4-kilometer strike length of Kaukua South. In total 9,220 meters have been drilled to date as part of the Phase II program. Drilling is currently in hiatus for the spring thaw and is schedule to resume in mid-May.

Derrick Weyrauch, President and CEO of Palladium One, said, “Drilling at Kaukua South continues to intersect impressive grades and widths, and as evidenced by hole LK21-061 these results also extend to depth. Induced Polarization (IP) surveys along the east and west extensions of Kaukua South have now been completed and we expect preliminary results shortly. The current hiatus in drilling will be used for modelling and target generation on these new extensions”

Highlights

  • Drilling continues to demonstrate significant continuity of open pit grades and widths at Kaukua South
  • 46.9 meters grading 2.32 g/t Pd_Eq in hole LK21-061
  • 52.7 meters grading 1.50 g/t Pd_Eq in hole LK21-059
  • 45.4 meters grading 1.58 g/t Pd_Eq in hole LK21-054
  • 44.0 meters grading 1.46 g/t Pd_Eq in hole LK21-060
  • Kaukua South’s Upper Mineralized Zone delineation could have significant positive implications in a mining scenario by significantly reducing the strip ratio, thereby improving project economics.
  • IP surveys on Kaukua South’s western and eastern extensions have been completed.

Kaukua South Infill Drilling

Kaukua South infill drilling continues to demonstrate consistent open pit grades and widths. A total of 29 holes from the Phase II infill drill program on Kaukua South have now been released with intersections such as 47 meters at 2.6 g.t Pd_Eq in hole LK21-045 (see press release March 18, 2021) and 53 meters at 2.1 g/t Pd_Eq*, in hole LK20-028 (see press release January 18, 2021). These 29 holes cover approximately 2 kilometers of the Kaukua South Zone and have returned similar widths and grades to those in the Kaukua NI43-101 Open Pit resource estimate. (Figure 1 and 2).

Kaukua South Upper Mineralized Zone

As the Phase II infill drill program progresses the importance of the Upper Mineralized Zone at Kaukua South is taking shape. Kaukua South consists of two subparallel mineralized zones, the very continuous “Lower Zone” near the base of the Intrusion which is very similar to the Kaukua deposit with high PGE tenors and is the main focus of the current drill program. The “Upper Mineralized Zone” occurs in the hanging wall to the Lower Zone and is characterised by higher Cu-Ni values and lower PGEs (Table 1). The Upper Zone is typically lower grade and more sporadic than the Lower Zone but can exhibit greater widths (Figure 3). It’s position in the hanging wall relative to the Lower Zone is key, its presence has significant positive implications for the open pit potential of Kaukua South as it could reduce the strip ratio and allow an open pit to extend to greater depths than originally contemplated and thereby improve overall project economics.

As such, the Company has revisited and is planning to increase the average drilling depth at Kaukua South in areas with strong Upper Zone mineralization. The revised plan now targets the Lower Zone down to a 300-meter depth compared to the original 200-meter depth target.

IP Survey

The current IP surveys to the west and east of the existing 4-km Kaukua South zone have been completed and preliminary results are anticipated in the coming weeks. The hiatus in the drilling due to the spring thaw will be used to analyse this new data and generate targets to expand the Kaukua South zone. IP has proven to be highly successful at outlining palladium-rich disseminated copper-nickel sulphide mineralization on the LK Project. The discovery of Kaukua South in an overburden covered area with no previous drilling was a direct result of the Company’s 2020 IP survey. The Company believes there is potential to extend the currently Kaukua South IP chargeability anomaly from the currently defined four to over seven kilometres of strike length (Figure 1).

 

Figure 1. Greater Kaukua area plan map, showing current NI 43-101 Kaukua Deposit conceptual pit outline (dashed yellow), Kaukua South and Murtolampi IP chargeability anomalies, and Palladium One drill hole locations. Holes labels in red form part of this release.

 

Figure 2. Kaukua South Long section looking north, holes labelled in red form part of this release

 

Figure 3. Cross Section showing Kaukua South infill holes LK20-027, 028, 045, and 061 looking west.

Table 1: Phase II infill drill results to date on Kaukua South

Hole Zone From (m) To (m) Width (m) Pd_Eq g/t* PGE g/t (Pd+Pt+Au) Pd g/t Pt g/t Au g/t Cu % Ni %
LK20-027 Lower Zone 103.4 155.0 51.6 1.98 1.07 0.72 0.27 0.08 0.17 0.15

Inc. 105.6 113.0 7.4 2.58 1.34 0.90 0.31 0.13 0.26 0.18

And 149.5 155.0 5.5 3.12 1.96 1.34 0.52 0.10 0.27 0.17

Inc. 153.5 155.0 1.5 6.14 4.09 2.79 1.15 0.15 0.56 0.28
LK20-028 Lower Zone 42.6 95.5 52.9 2.06 1.44 1.00 0.36 0.08 0.11 0.11

Inc. 46.9 72.0 25.1 2.92 2.08 1.44 0.52 0.12 0.17 0.14

Inc. 50.5 60.0 9.5 3.56 2.52 1.75 0.61 0.16 0.23 0.16
LK20-029 Lower Zone 37.5 62.9 25.4 2.57 1.87 1.30 0.46 0.11 0.15 0.11

Inc. 47.0 62.0 15.0 3.16 2.36 1.65 0.58 0.13 0.17 0.13

Inc. 56.5 62.0 5.5 4.34 3.36 2.36 0.82 0.18 0.20 0.16

Inc 56.5 57.7 1.2 6.15 4.97 3.54 1.26 0.17 0.25 0.21
LK20-030 Lower Zone 26.4 86.5 60.1 1.88 1.00 0.68 0.24 0.07 0.17 0.14

Inc. 47.0 68.0 21.0 2.44 1.43 0.98 0.35 0.10 0.21 0.16

Inc. 53.0 54.5 1.5 3.94 2.69 1.78 0.78 0.12 0.28 0.20
LK20-031 Lower Zone 17.9 61.5 43.6 1.94 1.12 0.76 0.27 0.09 0.16 0.13

Inc. 17.9 55.5 37.6 2.17 1.25 0.85 0.30 0.10 0.19 0.14

Inc. 24.5 35.0 10.5 2.81 1.60 1.09 0.39 0.11 0.27 0.18
LK20-032 Lower Zone 60.3 108.3 48.0 1.81 0.84 0.57 0.21 0.06 0.16 0.16

Inc. 61.4 75.0 13.7 2.12 0.90 0.58 0.23 0.09 0.22 0.20
LK20-033 Lower Zone 41.3 85.0 43.7 1.76 0.87 0.58 0.21 0.07 0.18 0.14

Inc. 42.7 56.3 13.7 2.33 1.21 0.83 0.28 0.10 0.21 0.18
LK20-034 Lower Zone 86.9 119.5 32.7 2.05 1.16 0.81 0.26 0.09 0.16 0.15

Inc. 88.5 97.5 9.0 3.06 1.98 1.41 0.45 0.12 0.20 0.17

Inc. 94.5 96.0 1.5 4.20 2.94 2.15 0.66 0.14 0.25 0.20
LK20-035 Lower Zone 66.0 118.0 52.0 1.32 0.63 0.44 0.15 0.04 0.11 0.11

Inc 67.5 69.0 1.5 3.49 2.44 2.10 0.27 0.07 0.23 0.15

And 95.5 104.7 9.2 2.04 1.23 0.80 0.32 0.11 0.17 0.13
LK20-036 Lower Zone 245.3 280.0 34.6 1.05 0.39 0.25 0.11 0.03 0.10 0.11

Inc. 259.0 260.5 1.5 1.72 0.86 0.62 0.16 0.07 0.15 0.14
LK20-042 Lower Zone 115.5 158.9 43.4 1.41 0.77 0.53 0.19 0.05 0.09 0.12

Inc. 118.5 123.0 4.5 2.29 1.23 0.82 0.32 0.09 0.14 0.19
LK20-043 Lower Zone 131.5 162.3 30.8 1.24 0.55 0.36 0.15 0.04 0.11 0.12

Inc. 133.0 136.0 3.0 2.05 1.16 0.82 0.32 0.02 0.05 0.20
LK20-044 Lower Zone 156.8 173.8 17.0 1.38 0.62 0.41 0.14 0.06 0.14 0.12

Inc. 166.0 169.5 3.4 2.10 1.07 0.73 0.25 0.08 0.20 0.16
LK20-045 Upper Zone 23.0 86.5 63.5 0.72 0.15 0.09 0.02 0.04 0.07 0.10

Inc. 23.0 42.1 19.1 0.94 0.22 0.12 0.04 0.06 0.10 0.12

Lower Zone 122.8 170.2 47.4 2.59 1.74 1.20 0.42 0.11 0.17 0.14

Inc. 155.0 166.6 11.6 4.21 2.92 2.03 0.72 0.18 0.27 0.20

Inc. 156.0 160.6 4.6 5.09 3.67 2.57 0.89 0.21 0.33 0.21
LK20-046 Lower Zone 65.9 118.6 52.7 1.53 1.05 0.73 0.26 0.06 0.09 0.08

Inc. 73.0 89.5 16.5 2.52 1.79 1.23 0.44 0.12 0.13 0.13

Inc. 73.0 79.0 6.0 3.31 2.42 1.69 0.60 0.12 0.18 0.15
LK20-047 Lower Zone 36.0 58.0 22.0 1.77 1.11 0.75 0.29 0.07 0.12 0.11

Inc. 40.5 43.5 3.0 3.15 1.85 1.23 0.49 0.13 0.27 0.20
LK20-048 Lower Zone 80.0 93.0 13.0 1.08 0.55 0.35 0.15 0.05 0.09 0.09

Inc. 89.0 91.3 2.3 1.91 1.13 0.73 0.31 0.09 0.18 0.12
LK20-049 Lower Zone 16.2 27.0 10.8 1.18 0.52 0.33 0.13 0.06 0.13 0.10

Inc. 23.5 27.0 3.5 1.53 0.87 0.57 0.21 0.09 0.16 0.09
LK21-051 Lower Zone 118.8 145.0 26.2 1.46 0.55 0.36 0.13 0.06 0.16 0.15

Inc. 133.2 145.0 11.8 1.87 0.77 0.49 0.18 0.10 0.21 0.17
LK21-052 Upper Zone 53.0 62.7 9.7 1.04 0.36 0.22 0.10 0.04 0.09 0.12

Lower Zone 147.5 172.0 24.5 1.67 0.79 0.55 0.17 0.07 0.18 0.13

Inc. 147.5 152.0 4.5 2.17 0.91 0.65 0.20 0.06 0.38 0.14
LK21-053 Upper Zone 60.0 63.0 3.0 1.20 0.51 0.33 0.13 0.06 0.11 0.11

Lower Zone 93.9 101.4 7.5 0.77 0.25 0.15 0.07 0.03 0.05 0.10
LK21-054 Upper Zone 30.0 32.5 2.6 1.82 0.58 0.34 0.08 0.16 0.22 0.19

Lower Zone 117.7 163.0 45.4 1.58 0.80 0.53 0.19 0.07 0.15 0.12

Inc. 149.0 158.8 9.8 2.00 1.16 0.78 0.27 0.11 0.20 0.12

Inc. 157.3 158.8 1.4 4.04 2.41 1.58 0.53 0.31 0.41 0.21
LK21-055 Upper Zone 31.0 45.0 14.0 1.04 0.26 0.15 0.04 0.07 0.13 0.13

Lower Zone 69.0 81.0 12.0 1.26 0.38 0.23 0.10 0.05 0.14 0.14

Inc. 76.2 80.0 3.8 1.59 0.55 0.33 0.16 0.06 0.20 0.16
LK21-056 Lower Zone 10.6 14.5 3.9 1.00 0.26 0.17 0.05 0.04 0.14 0.11
LK21-057
no significant values, dyked out
LK21-058 Lower Zone 87.0 101.0 14.0 1.01 0.53 0.32 0.15 0.06 0.09 0.07

Inc. 90.0 95.0 5.0 1.57 0.88 0.52 0.26 0.10 0.14 0.11

Inc. 90.0 90.7 0.7 3.10 2.10 1.33 0.64 0.14 0.22 0.16
LK21-059 Upper Zone 29.0 41.7 12.7 1.08 0.27 0.15 0.05 0.08 0.13 0.13

Inc. 39.5 41.7 2.2 1.74 0.50 0.33 0.07 0.11 0.21 0.20

Lower Zone 135.3 188.0 52.7 1.50 0.74 0.49 0.18 0.07 0.13 0.12

Inc. 135.3 169.2 33.9 1.72 0.84 0.55 0.20 0.08 0.17 0.14

Inc. 165.3 169.2 3.9 1.90 1.17 0.82 0.28 0.07 0.14 0.12
LK21-060 LK21-060 59.0 71.5 12.5 1.27 0.33 0.19 0.05 0.08 0.15 0.16

Inc. 69.1 70.3 1.2 2.90 1.01 0.75 0.14 0.12 0.24 0.34

Lower Zone 171.0 215.0 44.0 1.46 0.53 0.35 0.14 0.05 0.15 0.16

Inc. 203.5 213.5 10.0 1.80 0.68 0.46 0.16 0.06 0.20 0.18

Inc. 203.5 209.0 5.5 2.04 0.81 0.55 0.20 0.07 0.21 0.20
LK21-061 Upper Zone 92.5 155.5 63.0 0.62 0.14 0.08 0.02 0.03 0.06 0.08

Inc. 92.5 108.8 16.3 0.77 0.21 0.12 0.05 0.04 0.07 0.10

Lower Zone 203.2 250.0 46.9 2.32 1.43 0.97 0.34 0.13 0.17 0.14

Inc. 215.0 221.0 6.0 3.28 1.95 1.33 0.48 0.15 0.24 0.22

And 227.5 231.4 3.9 3.31 2.39 1.68 0.55 0.16 0.22 0.13

Inc. 230.7 231.4 0.7 6.02 4.61 3.35 1.10 0.16 0.32 0.22

And 237.0 239.7 2.7 3.65 2.52 1.76 0.64 0.12 0.25 0.17

 

* Reported widths are “drilled widths” not true widths.
** Orange shaded values previously released (see press release January 18, 2021March 11, 2021March 18, 2021)

*Palladium Equivalent

Palladium equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne for copper, and US$15,432 per tonne for nickel. This calculation is consistent with the calculation in the Company’s September 2019 NI 43-101 Kaukua resource estimate. The palladium price used approximates the US$1,156 per ounce for palladium reported by UBS in its February 2021 commodity consensus price forecast report, while the current price of palladium is approximately US$2,600 per ounce.

QA/QC

The Phase I drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored indoors in a secure facility, in Taivalkoski, Finland. The drill core samples were transported by courier from the Company’s core handling facility in Taivalkoski, Finland, to ALS Global (“ALS”) laboratory in Outokumpu, Finland. ALS, is an accredited lab and are ISO compliant (ISO 9001:2008, ISO/IEC 17025:2005). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-AES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.25 grams with an ICP-AES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used

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 an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

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

For further information contact: Derrick Weyrauch, President & CEO
Email: [email protected]

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 includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 29, 2020 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Seanergy Maritime (SHIP) – Update Shows Progress Lining Up Acquisition Financing

Thursday, April 15, 2021

Seanergy Maritime (SHIP)
Update Shows Progress Lining Up Acquisition Financing

Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of 10 Capesize vessels, with total capacity of approximately 1,748,581 dwt and an average fleet age of about 9.8 years. The Company is incorporated in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP” and class A warrants under “SHIPW”.

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

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

    Refinancing existing loan with larger longer term loan. A commitment for a new term loan of $37.45 million will refinance existing debt of $24.5 million that matures in 4Q2022. The new loan, which matures in December 2024 at the earliest, will be priced at Libor plus 350 basis points, and secured by three Capes (Squireship/Leadership/Lordship).

    Lease financing probable for Flagship acquisition.  Discussions on a lease of $20.5 million with attractive terms to fund more than 70% of the Flagship acquisition for $28.4 million are advanced …



This 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.