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Release – Boomer Holdings (BOMH) – Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

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Boomer Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

 

LAS VEGAS, April 8, 2021 /PRNewswire/ — Boomer Holdings, Inc. (“Boomer” or the “Company”) (OTCQB: BOMH), an innovative Consumer Products Company specializing in a large variety of premium quality wellness and everyday use products under the Boomer brand name.  The Company provided a shareholder update on the Company’s operations in conjunction with its change of its fiscal year end to January 31.

The Company had a record quarter ending October 31, 2020 with revenue of $28.8 million and operating profits of $7.9 million.  The Company plans to announce the audited year end January 31, 2021 financials by early May 2021.

Mike Quaid, CEO of Boomer Naturals said: “While we are extremely proud to report our results and the accomplishments of the Boomer Naturals team over the past year, we are more excited for the growth that we hope to come in 2021. Boomer Naturals has taken its meteoric success over the last year and reinvented itself.  We are at the beginning of what I believe to be one of the great growth stories of 2021.”

Studies show that consumers are less willing to buy ‘Made in China’ items in the wake of the Coronavirus pandemic, which we believe will help fuel growth as all Boomer products are made in Vietnam or the USA. 1

The Company is preparing the launch of its proprietary marketplace: boomerstore.com which will allow the Company to expand its offering to its loyal group of over 200,000 online customers while expanding its already significant retail sales footprint.

“The first quarter of 2021 for Boomer has been focused on preparation to service the expected demand Boomer has created for the rest of the year,” said Mr. Quaid. “We have deployed our capital in a strategic manner and stand ready to reap the benefits in Q2 and beyond.”  

Boomerstore.com will provide new and already established consumers with direct access to Boomer Naturals three pillars of wellness and everyday use products: Protect, Defend and Enhance.

Protect

Boomer Naturals is already well known for the best-in-class facemasks and PPE offerings enhanced by their unique silver infused fibre technology.  These masks have become a top seller at CVS stores and other retail locations.  Boomer also offers face shields, coveralls and hand sanitizers.

Defend

The Company already vends a suite of immunity boosting botanical products and healthy living products and is excited to announce it is ready to launch a new suite of premium products enhanced with Boomer silver technology.

The Company plans to launch the following silver infused products and more to match existing consumer demand in the first six months of 2021:

  • Bedding
  • Socks
  • Yoga mats
  • Yoga clothing
  • T-shirts
  • Leggings
  • Underwear

Enhance

Through an exclusive partnership in Vietnam Boomer Holdings will launch Vietnamese instant coffee to the American Market.

Vietnamese coffee naturally has nearly twice the caffeine of popular instant coffees with a preferable flavour. Boomer believes it will open up an untapped market of consumer demand with its superior instant coffee stick packages.

“Vietnamese coffee is booming in Europe, Asia and across the globe however has yet to gain a significant foothold in America.” States CEO Mike Quaid. “It has typically been difficult for US based retailers to get a consistent, premium quality Vietnamese coffee supplier for the American Market.  Boomer Holdings has partnered with just such a supplier. We are certain that once the American consumer tries this new and superior version of instant coffee, the stars will align and they will buck their current coffee and get on the Boomer Coffee train.”

The Company is also launching a full line of instant serve packs including vitamin, workout, libido, sleep, calm, and immune powder mixes. These products will be excellent for e-commerce due to their ease of shipping.

An Enhanced Focus on E-Commerce

Now that the Company has an established foothold in traditional brick and mortar retail operations, it will focus on aggressively expanding its ecommerce business.

The Company’s goal is to add over 100 new products in 2021 and to expand our DTC database from over 200,000 to millions.

Many of the Boomer products are designed to create recurring residual revenue.

Boomer Holding’s E-Commerce division has the highest margin in the Company, with many products averaging 80% or above.

The lifetime value of a Boomer customer can often be in the thousands of dollars. The Company currently has online customers that have reordered over twenty times in the last year.

Boomer Holdings is forecasting E-Commerce revenue to grow to $66.4 million for the year ending January 2022.

Updated Fiscal Year Forecast

The Company expects sales to range from $90.50 to $115.5 million dollars in the current fiscal year, with operating profits ranging from $20.3 to $26.6 million dollars with e-commerce being the driving force for this year and the future.

“Boomer Holdings is already growing at a rate that would make many existing companies envious.” Said Mike Quaid. “We look forward to providing our shareholders with tremendous value in 2021 and years into the future”.

About Boomer Naturals

Boomer Naturals is a wholly-owned subsidiary of Boomer Holdings Inc., a publicly traded company (OTCQB: BOMH). Boomer Naturals is a full-service wellness company that provides products and services that enhance your well-being and increase your quality of life. Boomer Naturals’ products are available online at Boomerstore.com, BoomerNaturals.com, BoomerNaturalsWholesale.com, CVS.com. Boomer Naturals’ products are also available at the Boomer Naturals retail store, CVS retail locations, and resorts and golf shops across the country. For more information, please visit www.boomernaturals.com.

Forward Looking Statements

Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as required by securities laws. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company’s control, risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19), and those set forth as “Risk Factors” in our filings with the Securities and Exchange Commission (“SEC”). There may be other factors not mentioned above or included in the Company’s SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement.

1 https://www.forbes.com/sites/andriacheng/2020/06/11/us-consumers-are-less-willing-to-buy-made-in-china-items-in-wake-of-coronavirus-pandemic-study/?sh=6e9f53116a75

Contact: Mike Quaid: [email protected]

SOURCE Boomer Naturals, Inc

QuickChek – April 8, 2021

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

CoreCivic Announces Proposed $400 Million Senior Notes Offering

Today’s research report from Joe Gomes, Senior Research Analyst at Noble Capital Markets

Research, News & Market Data on CoreCivic

Watch recent presentation from NobleCon17



Boomer Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

Boomer Holdings provided a shareholder update on the Company’s operations in conjunction with its change of its fiscal year end to January 31

News & Market Data on Boomer Holdings



Comtech Telecommunications Awarded $1.3 Million Contract Renewal with Tier-One Mobile Network Operator

Comtech Telecommunications announced that during Q3 2021, its Location Technologies group was awarded a $1.3 million contract renewal to support messaging services

Research, News & Market Data on Comtech

Watch recent presentation from NobleCon17



Ceapro Inc. Announces Successful Completion of Collaborative Research and Development Program with University of Alberta

Ceapro Inc. announced the successful completion of its long-term research project with Professor Dr. Feral Temelli at the University of Alberta

Research, News & Market Data on Ceapro

Watch recent presentation from NobleCon17



electroCore Announces Top Line Results from SAVIOR-1 study

electroCore announced the top-line results from the SAVIOR-1 study in patients admitted to the hospital for treatment of COVID-19

Research, News & Market Data on electroCore



Silver production results for Q1 2021

Endeavour Silver reported 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1, 2021

Research, News & Market Data on Endeavour Silver

Watch recent presentation from NobleCon17

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Release – CoreCivic (CXW) – Announces Upsizing and Pricing of 450 Million 8.25 Percent Senior Notes Due 2026

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

 

BRENTWOOD, Tenn., April 07, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the “Company”) announced today that it successfully upsized and priced its offering of $450,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2026 (the “Notes”). The aggregate principal amount of the Notes to be issued in the offering was increased to $450 million from the previously announced $400 million. The Notes were priced at 99.0% of face value and thus will 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 underwriting discounts and estimated offering expenses. CoreCivic intends to use 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”), including the payment of the applicable make-whole amount and accrued interest, and (ii) to otherwise repay or reduce its other indebtedness, which may include repurchasing or redeeming a portion of its $350 million principal amount of 4.625% senior notes due 2023 (the “2023 Senior Notes”). CoreCivic may use any remaining proceeds for general corporate purposes. There can be no assurance that the offering of the Notes, the redemption of the 2022 Senior Notes, or any other debt reduction will be consummated.

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

The Notes are being 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 preliminary 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 preliminary 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 intention to issue the Notes and its intended use of the 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 preliminary 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 U.S. government agencies. 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. Learn more at www.corecivic.com.

Contact:

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

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

SOURCE: CoreCivic

Release – Comtech Telecommunications (CMTL) – Awarded 1.3 Million Contract Renewal with Tier-One Mobile Network Operator

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Comtech Telecommunications Corp. Awarded $1.3 Million Contract Renewal with Tier-One Mobile Network Operator

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Apr. 8, 2021– April 8, 2021– Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, was awarded a $1.3 million contract renewal to support messaging services.

“This valued customer has relied on Comtech for over 20 years for short message service center support,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “We have a proven track record with this tier-one mobile network operator and our messaging technology serves as the mainstay for its customer offering.”

The Location Technologies group of Comtech Telecommunications Corp. is 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 leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com and www.comtechefdata.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.

Media Contact:

Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000

[email protected]

Source: Comtech Telecommunications Corp.

Winners and Losers from the American Jobs Plan

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Potential Rocketships from the Proposed Infrastructure Plan (Plus Explosions)

On March 31, 2021, the White House released details of the American Jobs Plan (AJP), a $2.2 trillion eight-year plan to improve the infrastructure of the United States. While the program uses the term infrastructure loosely to include modernizing schools and childcare facilities and providing affordable housing, it is worth noting that the proposal includes $100 billion to upgrade the nation’s energy transmission industry. In support for this expenditure, the president cited a Department of Energy study that found that power outages cost the U.S. Economy up to $70 billion annually. The plan attacks many aspects of the current energy system and would have a dramatic impact on the energy and utility industries.  Chief among the proposed changes are:

  • Establish a new Grid Deployment Authority at the DOE. The agency would allow for better leverage of existing rights of way and help finance new power transmission lines.
  • Provide for tax credits, clean energy procurement by the federal government, and grant support to state, local and tribal governments to improve energy efficiency and reach 100% carbon-free power by 2035.
  • Provide investment tax credits for transmission lines would help build out 20 gigawatts (GW) of high-voltage capacity lines and support the building of clean energy generation. The tax credits would extend current credits, phasing them out over a ten-year period.
  • Establish a “Green Bank” which would have the authority to invest $27 billion alongside the private sector to speed the deployment of new energy technologies.
  • Make $174 billion of investments in the electric vehicle market, giving consumers point of sale rebates and tax incentives to buy American-made EVs. It also gives incentives to state and local governments and the private sector to build a national network of 500,000 EV charging stations, up from current levels of 42,000.
  • Purchase clean energy for all government buildings and many government vehicles. The plan would electrify the US Postal Service vehicles.

Winners

Electric Utilities: The electric utility industry seems to be a clear winner from the AJP. Through subsidies and tax credits, they will expand their rate base by upgrading and building new transmission lines at a faster rate. They will also benefit from increased electric flow associated with a shift towards electric vehicles. We believe the benefits of increased demand will more than offset the negative effects of increased regulation.

Renewable Energy Generators: The extension of tax credits for clean energy manufacturing will benefit companies involved in the generation of renewable energy. These include solar, hydro, biofuel, and other forms of generation. Distributed generation companies will benefit from extended tax credits and increased awareness of their products. Companies involved in the research and development of generation and storage will benefit from direct government investments.

Nuclear Manufacturers and Uranium Producers: The shift towards zero-carbon power generations may spur a new era of investments in nuclear generation. Unless power storage capabilities are improved, renewable power sources such as wind and solar will continue to require a solid baseload of generation from other sources. In the last few years, technological improvements have increased the viability of small nuclear reactors that are safer and more efficient than traditional nuclear reactors. Building new nuclear reactors would have a direct positive effect on the uranium industry, which has been depressed ever since the Fukushima disaster in 2011.

Losers

Carbon-based fuels such as coal and oil: The AJP would accelerate the shift towards clean energy to the detriment of traditional carbon-based fuels such as coal and oil. Decreased demand for gasoline resulting from a shift towards electric vehicles would lessen the demand for oil. The building of an improved electric transmission grid would support the development of wind and solar generation and mean less coal and oil-based generation. Forcing utilities to wean themselves off carbon-emitting sources by 2035 would put many coal and oil generation plants out of commission before the end of their useful life.

Take-Away

A proposal is just a proposal, and the finer details of any infrastructure plan will need to be ironed out. That understood, from an investor’s standpoint, it is clear that the president intends to push support of clean energy initiatives. The expected success would benefit carbon-free companies and hurt carbon-based companies. Coal and oil producers will not go away but demand growth for their fuels will be less. On the other hand, demand for clean energy fuels will increase. How quickly demand shift to green fuels will depend on the ultimate shape of whatever infrastructure plan is passed by government.

Suggested Reading:

How Does Uranium Fit Into the Energy Landscape?

Is the Price of Uranium Rising?



Will Solar Panels Continue to be Subsidized?

Who Benefits from the American Jobs Plan?

 

 

Sources:

https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/, The White House, March 31, 2021

https://www.csis.org/analysis/american-jobs-plan-gets-serious-about-infrastructure-and-climate-change, Lachlan Carey, Center For Strategic & International Studies, April 2, 2021

https://www.wri.org/blog/2021/04/american-jobs-plan-climate-jobs-us, World Resources Institute, April 1, 2021

https://www.washingtonpost.com/us-policy/2021/03/31/biden-infrastructure-climate-plan/, Jeff Stein, Juliet Eilperin, Michael Laris and Tony Romm, Washington Post, April 1, 2021

Photo: NASA Capture of Antares Rocket October 2014 just before Explosion

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Release – electroCore Inc. (ECOR) – Announces Top Line Results From SAVIOR-1 Study

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electroCore Announces Top Line Results from SAVIOR-1 study of Non-Invasive Vagus Nerve Stimulation (nVNS) in Hospitalized COVID-19 Patients

 

ROCKAWAY, NJ, 
April 08, 2021 (GLOBE NEWSWIRE) — 
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced the top-line results from the SAVIOR-1 study, a prospective, randomized, controlled study evaluating non-invasive vagus nerve stimulation (nVNS) using gammaCore Sapphire in patients admitted to the hospital for treatment of COVID-19 between 
April 2020 and 
February 2021. This study was an investigator-initiated trial conducted at the Hospital Clínico Universitario de 
Valencia, Spain.

The SAVIOR-1 study enrolled 110 patients over 18 years of age. A total of 97 patients (47 treatment subjects and 50 control subjects) provided baseline demographic and medical history data. The study was designed to evaluate the safety and feasibility of nVNS in addition to the current standard of care in patients hospitalized with active SARS-CoV-2 infection. This pilot study also assessed the incidence of relevant clinical events and changes in blood chemistry between the group treated with nVNS in addition to the standard of care at the time of admission, compared with standard of care alone.

The patients’ clinical and biochemical endpoints were measured over their first five days of therapy and the adjusted means were compared. It was noted that the post-randomized assessment of severity of condition resulted in a 3.5 to 1 bias with more severe patients in the treatment arm.  With respect to the clinical endpoint of oxygen saturation, the nVNS treated group showed a modest, but not significant improvement. Among the biomarkers evaluated, the adjusted mean decrease in C-Reactive Protein (CRP) from baseline was significantly greater in the nVNS treated group (-59.08 vs. -27.83; p<0.01). Trends toward significance were also observed for decreases in the treatment group for procalcitonin (-0.11 vs. -0.05; p= 0.07) and d-dimer (-277.53 vs. 1264.37; p=0.08). Increased levels of CRP, procalcitonin and d-dimer have all been reported to be associated with more severe disease. The lower levels of these markers in the nVNS treated group may represent the initial impact of nVNS therapy to potentially improve the course of a patients’ COVID-19 symptoms. Other biochemical measures also favored the treatment group but did not achieve significance.

nVNS was well tolerated with no major device related adverse events and the therapy was administered three times daily on the majority of patients as outlined in the study protocol. Full data from the study, including cytokine levels which are pending final lab results, will be submitted to a peer reviewed journal later this year.

The principal investigator of the study, Dr.  Carlos Tornero, Head of the 
Department of Anesthesiology, Resuscitation and Pain Therapeutics of the Hospital Clínico Universitario de 
Valencia, Spain, commented, “We are very pleased to have successfully completed the SAVIOR-1 study despite the challenges of executing a trial of a novel neuromodulation treatment during  a pandemic, and the rapidly changing standard of care in COVID-19 patients. These top line results suggest that nVNS may contribute to our efforts in combating the on-going disease process through a more rapid recovery in some of the biomarkers that are typically associated with a more severe prognosis.”

“The ability of nVNS to potentially affect the progression of COVID-19 in these hospitalized patients is encouraging.” said Dr.  Peter Staats, Chief Medical Officer of electroCore. “As the pandemic evolves, we believe that nVNS could be a viable treatment for patients to possibly help decrease their symptoms early in the disease. Although a minority of the subjects in the study were classified as severe, the randomization process apportioned more than 75% of the severe population into the treatment arm, which may have impacted the top line results.”

About electroCore, Inc.

electroCore, Inc. is a commercial-stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine and the acute treatment of migraine and episodic cluster headache.

For more information, visit www.electrocore.com.

About gammaCoreTM
gammaCoreTM (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore is FDA cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients. gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

  • gammaCore is contraindicated for patients with:
    • An active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
    • A metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
    • An open wound, rash, infection, swelling, cut, sore, drug patch, or surgical scar(s) on the neck at the treatment location
  • Safety and efficacy of gammaCore have not been evaluated in the following patients:
    • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
    • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
    • Pediatric
    • Patients (younger than 12 years)
    • Pregnant women
    • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

The U.S. FDA has cleared the gammaCore Sapphire CV device under an emergency use authorization for acute use at home or in a healthcare setting to treat adult patients with known or suspected COVID-19 who are experiencing an exacerbation of asthma-related dyspnea and reduced airflow, and for whom approved pharmacologic therapies are not tolerated or provide insufficient symptom relief as assessed by their healthcare provider, using noninvasive vagus nerve stimulation (nVNS) on either side of the patient’s neck.

gammaCore Sapphire CV has been authorized only for the duration of the statement that circumstances exist that warrant authorization of the emergency use of medical devices under section 564(b)(1) of the Act, 21 U.S.C. § 360bbbb-3(b)(1), until the authorization is terminated or revoked.

More information can be found at:

Letter of authorization: https://www.fda.gov/media/139967/download

Fact sheet for healthcare workers: https://www.fda.gov/media/139968/download

Patient information sheet: https://www.fda.gov/media/139969/download

Instructions for use of gammaCore: https://www.fda.gov/media/139970/download

Forward-looking statement

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding electroCore’s business prospects, its sales and marketing and product development plans, future cash flow projections, anticipated costs, its product portfolio or potential markets for its technologies, the availability and impact of payor coverage, the potential of nVNS generally and gammaCore in particular to treat COVID-19, and other statements that are not historical in nature, particularly those using terminology such as “anticipates,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to obtain additional financing necessary to continue electroCore’s business, sales and marketing and product development plans, the uncertainties inherent in the development of new products or technologies, the ability to successfully commercialize gammaCore™, competition in the industry in which electroCore operates and general market conditions. All forward-looking statements are made as of the date of this press release, and electroCore undertakes no obligation to update forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should refer to all information set forth in this document and should also refer to the disclosure of risk factors set forth in the reports and other documents electroCore files with the 
SEC, available at www.sec.gov.


Investors:
Rich CockrellCG Capital
404-736-3838
[email protected]

or

Media Contact:
Summer Diaz
electroCore
973-290-0097
[email protected]

Release – Endeavor Silver (EXK) – Produces 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1 2021

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Endeavour Silver Produces 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1, 2021

 

VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) —
Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) reports production of 1,048,100 silver ounces (oz) and 11,109 gold oz in Q1, 2021, for silver equivalent (AgEq) production of 1.9 million oz at an 80:1 silver:gold ratio. Silver production increased 22% and gold production increased 31% compared to Q1, 2020, due primarily to higher ore grades mined and processed.

2021 First Quarter Highlights

  • Consolidated
    Production on Plan:     Silver equivalent production at each mine is on track to meet or exceed 2021 production plans.
  • Guanacevi
    Production on Plan:     Higher silver and gold grades were partly offset by slightly lower throughput than planned during the quarter.
  • Bolanitos Ahead of Plan: Processed tonnes, gold grade and gold recoveries are ahead of plan, partly offset by slightly lower silver grades and recoveries compared to plan.
  • El Compas Ahead of Plan: Processed tonnes, and gold grade are ahead of plan, partly offset by slightly lower silver grade and lower gold recoveries compared to plan.
  • Metal Sales and
    Inventories:     Sold 623,379 oz silver and 10,663 oz gold, held 523,235 oz silver and 1,123 oz gold of bullion inventory and 6,582 oz silver and 566 oz gold in concentrate inventory. Management withheld metal from sale during the price correction over last two weeks of March and plans to sell the withheld metal inventory in anticipation of a precious metal prices rebound in Q2, 2021.
  • Signed Definitive
    Agreement to Sell the El Cubo Assets:     Advanced sale of the El Cubo mine in Guanajuato, Mexico to VanGold Mining Corp for $15 million in cash and share payments, with up to $3 million in contingent payments. The transaction is anticipated to close in April 2021.
  • Shares Included in Two Major Indices: The Company’s common shares were added to the S&P/TSX Composite Index and the NYSE Arca Gold Miners Index (GDX ETF) in March.
  • Announced Management Succession Plan: Bradford Cooke plans to step down as CEO and assume the role of Executive Chair of the Company following the AGM on May 12, 2021. Dan Dickson has been nominated to the role of CEO and Christine West has been nominated to become the CFO. Both Mr. Dickson and Ms. West have been key members of management for over 13 years and will lead the Company into its next phase of growth.

Bradford Cooke, Endeavour CEO, commented, “It is gratifying to see the Company firing on all cylinders, with the mining operations meeting or exceeding expectations and the development team advancing the Terronera project to drive the next phase of growth. I will look forward to supporting Dan and Christine in their new roles as they build a bigger and better Company.”

Mine Operations

Consolidated silver and gold production were both higher in Q1, 2021 compared to Q1, 2020 due to a significant increase in ore grades at Guanacevi and improved throughput and ore grades at Bolanitos.

Guanacevi silver and gold grades were higher compared to Q1, 2020 and well above plan. In February, unusually cold weather in northern Mexico resulted in power curtailments effecting mine and process plant production over a three-day period. In March, throughput was lower than initially planned as the refurbishment of the tailings filter presses impacted daily throughput. The plant throughput is expected to return to its 1200 tonnes per day capacity in April. Stockpiled ore inventory increased during the quarter as the mine output was on plan. With the higher metal prices, supplies of local third-party ores continued to supplement mine production, amounting to 10% of quarterly throughput, and contributed to the higher ore grades. Ore grades are expected to revert to plan in Q2, 2021 and for the remainder of the year.

Bolanitos and El Compas processed tonnes, and gold grade were all higher compared to Q1, 2020, partly offset by lower silver grades and both mines are slightly ahead of planned production. Settlement of El Compas concentrates resulted in lower recoveries during the quarter.

COVID-19 pandemic remains prevalent in Mexico, and at the Company’s business locations, process and protocols remain in place to ensure staff and workers as well as our communities remain as safe as possible.

Production Highlights for Q1, 2021

Q1 2021 Highlights

Three Months Ended March 31

2021

2020

% Change

Throughput (tonnes)

209,453

199,327

5%

Silver ounces produced

1,048,100

857,659

22%

Gold ounces produced

11,109

8,476

31%

Payable silver ounces produced

1,036,710

849,791

22%

Payable gold ounces produced

10,894

8,320

31%

Silver equivalent ounces produced(1)

1,936,820

1,535,739

26%

Silver ounces sold

623,379

665,500

(6%)

Gold ounces sold

10,663

7,454

43%

(1)    Silver
equivalent ounces calculated using 80 :1 ratio .

Production Tables for First Quarter, 2021 by Mine

Production

Tonnes

Tonnes

Grade

Grade

Recovery

Recovery

Silver

Gold

by
mine

Produced

per day

Ag gpt ( 1)

Au gpt ( 1)

Ag %

Au %

Oz

Oz

Guanaceví

88,632

974

369

1.05

87.3%

91.7%

918,217

2,743

Bolañitos

97,692

1,074

38

2.15

89.0%

91.5%

106,227

6,182

El Compas

23,129

254

47

4.12

67.7%

71.3%

23,656

2,184

Consolidated

209,453

2,302

179

1.90

86.9%

86.7%

1,048,100

11,109

(1)  gpt = grams per tonne

Release of First Quarter,
2021 Financial Results and Conference Call

The 2021 First Quarter Financial Results will be released before market on Tuesday, May 11, 2021 and a telephone conference call will be held the same day at 9:00am PT (12:00pm ET). To participate in the conference call, please dial the numbers below. No pass code is necessary.

Toll-free in Canada and the US: 1-800-319-4610
Local Vancouver: 604-638-5340
Outside of Canada and the US: +604-638-5340

A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass code is 6594#. The audio replay and a written transcript will be available on the Company’s website at www.edrsilver.com under the Investor Relations, Events section.

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer.  Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information:
Galina Meleger, Director, Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: [email protected]
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This
news release contains “forward-looking statements” within the meaning of the
United States private securities litigation reform act of 1995 and
“forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein
include but are not limited to statements regarding the timing of suspension of
mining operations, Endeavour’s anticipated performance in 2021, including
production forecasts, cost estimates and metal price estimates, and the timing
and results of mine expansion and development and receipt of various permits.
The Company does not intend to and does not assume any obligation to update
such forward-looking statements or information, other than as required by
applicable law.

Forward-looking
statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of Endeavour and its operations to be materially different from
those expressed or implied by such statements. Such factors include, among
others, uncertainty of the ultimate impact of the COVID 19 pandemic on
operations, changes in national and local governments, legislation, taxation,
controls, regulations and political or economic developments in Canada and
Mexico; operating or technical difficulties in mineral exploration, development
and mining activities; risks and hazards of mineral exploration, development
and mining; metal prices; the speculative nature of mineral exploration and
development, risks in obtaining necessary licenses and permits, and challenges
to the Company’s title to properties; as well as those factors described in the
section “risk factors” contained in the Company’s most recent form 40F/Annual
Information Form filed with the S.E.C. and Canadian securities regulatory
authorities.

Forward-looking statements
are based on assumptions management believes to be reasonable, including but
not limited to: the continued operation of the Company’s mining operations ,the
impact of the COVID 19 pandemic on mining operations in Mexico generally, and
the Company’s operations specifically, no material adverse change in the market
price of commodities, mining operations will operate and the mining products
will be completed in accordance with management’s expectations and achieve
their stated production outcomes, resource and reserve estimates, metal prices,
and such other assumptions and factors as set out herein. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or
information, there may be other factors that cause results to be materially different
from those anticipated, described, estimated, assessed or intended. There can
be no assurance that any forward-looking statements or information will prove
to be accurate as actual results and future events could differ materially from
those anticipated in such statements or information. Accordingly, readers
should not place undue reliance on forward-looking statements or information.

Source: Endeavour Silver Corporation

The GEO Group, Inc. (GEO) – Suspends Dividend Evaluating Corporate Structure

Posted on by Admin

Thursday, April 08, 2021

The GEO Group, Inc. (GEO)
Suspends Dividend; Evaluating Corporate Structure

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Dividend Suspension. In a not so surprising move, GEO Group announced it is immediately suspending the quarterly dividend. The suspension eliminates approximately $30 million in quarterly dividend payments. Management expects to use the dividend savings and lowered capital expenditure plans to repay a minimum of $125-$150 million of net debt in 2021.

    Evaluating Corporate Structure.  The Company also announced it is undertaking an evaluation of the current REIT structure. The evaluation is expected to be completed in the fourth quarter of 2021. Obviously, uncertainty swirling around the current operating and the prosed increase in the corporate tax rate will both be important considerations …



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. 

Great Lakes Dredge & Dock (GLDD) – A Win on Marsh Creation in Louisiana

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Thursday, April 08, 2021

Great Lakes Dredge & Dock (GLDD)
A Win on Marsh Creation in Louisiana

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.

    Another win by a slight margin in Louisiana. Bids were opened by the Coastal Protection & Restoration Authority (CPRA) late yesterday afternoon on the Golden Triangle Marsh Creation Project (PO-0163) in Louisiana. GLDD was the apparent low bidder at $32.4 million, with Weeks Marine closely behind at $33.7 million and Manson lagging with the highest bid at $77.1 million. A total of seven companies bid, and the low end of the bidding range was below the designer’s estimate was $38.21 million.

    Solid dredging outlook with backlog at $559 million and potential infrastructure spending stimulus could create a tailwind.  Another state project in Louisiana is out for bid now; Bids will be opened on the Lake Borgne Marsh Creation Project – Increment One (PO-0180) in St. Bernard Parish bids on April 21st …



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. 

CoreCivic, Inc. (CXW) – A Deal Can Be Done, But At What Cost?

Posted on by Admin

Thursday, April 08, 2021

CoreCivic, Inc. (CXW)
A Deal Can Be Done, But At What Cost?

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

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Note Offering. Yesterday, CoreCivic closed an upsized offering of $450 million senior unsecured notes due 2026. The proceeds will be used to repay the outstanding $250 million of 5% senior notes due 2022 and reduce other outstanding indebtedness, which may include redeeming a portion of the $350 million 4.625% senior notes due 2023. Net proceeds from the sale of the notes are expected to be approximately $435.1 million.

    Cost? The debt sports a stated 8.25% interest rate, although given the price discount, the effective yield to maturity is 8.5%.  Obviously, a premium to the note that is being paid off. Nonetheless, in our opinion, the deal does demonstrate that CoreCivic can obtain financing, even in an uncertain operating environment. Assuming the entire $435 million was used to redeem the above outstanding debt …



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. 

Investing in U.S. Maritime Infrastructure Spending

Posted on by Admin

 


U.S. Government Spending Provides Investment Opportunity in Maritime Infrastructure

 

Ensuring the Future is Made in America by All of America’s Workers was an executive order signed by the newly sworn-in President on January 25, 2021. While economists may debate if it makes sense to give preference to U.S. firms without consideration as to price or expertise, investors can view Executive
Order 14005 as a starting point when sifting through opportunities under a new administration. Investors may refine their sort for investment possibilities within the category of “Made in the U.S.A.” using the newly proposed American Jobs Plan presented by the White House on March 31. This new proposal is to add $2.25 trillion in spending on infrastructure projects. These two actions, taken together, provide strong insight into where the U.S. Government is likely to prioritize spending and what companies may win the contracts.  

Overlooked
Infrastructure Category

One construction-related service that’s likely to get a boost from ramped-up infrastructure falls under the radar of many. The service is dredging canals, channels, and other waterways. Although dredging may not be as “sexy” as other infrastructure initiatives, such as spending to speed the U.S. on the road to electric vehicles, one only needs to look at the recent incident in the Suez Canal to understand the importance of deep passable waterways.

The March 31 proposal by the White House calls for funding to dredge harbors and rivers of silt, and construct dikes, improve navigable conditions for larger container ships by creating deeper harbors, and wider channels. This would modernize ports and allow for more efficient exports from cities like Houston that could export more oil if it could accommodate larger ships.

What
Businesses Could Benefit

While we often witness highways and bridges being built, electric vehicle charging stations being installed, and know that drinking water in parts of the country needs to be improved, dredging companies are not part of most of our lives, so we may not consider what opportunities the new spending will provide. Even more, many don’t know where to look for ideas and information to help make a well-informed investment decision.

One domestic company that works on many of these marine-based infrastructure projects is Orion Group Holdings, Inc. (NYSE: ORN). Orion is involved in marine construction, including transportation facilities, pipelines, environmental structures, and dredging waterways, channels and ports, among others.

A more broad-based company that is involved in maritime projects and generates most of its revenue in North America is Aegon Corp. (Nasdaq: AEGN). Aegon’s maritime solutions include construction and maintenance and are involved in corrosion protection and maintenance.

Great Lakes Dredge & Dock Corp. (Nasdaq: GLDD) is a pure-play on U.S. dredging – the company’s only operating segment is dredging. Their contracts involve enhancing or preserving navigable waterways, protecting shorelines, and port enhancements.

The three companies above are by no means a comprehensive list. Instead, they demonstrate that within the maritime infrastructure and construction sector, some companies narrowly specialize, and there are also more broad-based diversified businesses. Use Channelchek as one of your resources when dredging up ideas to dig deeper into a corporation’s business lines, revenue sources, and business outlook among U.S. maritime infrastructure companies. 

 

 

Take-Away

The U.S. will be investing in transportation infrastructure projects in a very big way. The contracts, by executive order, are quite likely to go to American companies, many of which already have government contracts from the Army Corp of Engineers and other U.S. agencies. As the U.S. plans to spread trillions of dollars and allocate billions to providing more navigable waterways, investors may want to keep this segment of the infrastructure construction sector on their watchlists.

Suggested Content on Channelchek:

Industries that Could Benefit from the “New American Jobs Plan”

How Much is a Trillion?



Great Lakes Dredge and Dock NobleCon17 Presentation (Video)

Orion Group Holdings NobleCon17 Presentation (Video)

 

Sources:

https://dredgingcontractors.org/

https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/25/executive-order-on-ensuring-the-future-is-made-in-all-of-america-by-all-of-americas-workers/

https://www.maritime-executive.com/article/2008-09-25-americas-deep-blue-highway-igms-publishes-comprehensive-study

https://bisouv.com/uncategorized/3629598/dredging-services-industry-insight-report-2021-2026-covering-prime-factors-and-competitive-outlook-by-key-players/

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Ketchup Package Shortage and Covid19

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Ketchup Package Shortage and Covid19

 

The pandemic has caused shortages in some of the most unexpected places. Everything from toilet paper to microchips and even furniture have all had their turn denying consumers their products. Most are increased demand (not supply) driven. Now packets of Heinz ketchup, the convenient condiment consumers could carry home, are experiencing their own shortage.

Popular fast food chains, according to the Wall Street Journal, have reported difficulty getting packets for their customers.  Kraft Heinz (NYSE:KHC) confirmed to USA TODAY that it’s working to increase supplies by adding new manufacturing lines that will increase production by about 25% (12 million packets per year).  One reason for the shortage is restaurants began using packets for dine-in customers rather than dine-out only. This is to follow guidance from the CDC. The prices of the packets are up 13% since January 2020 , the WSJ reported.

Among the other remaining pandemic-related shortages are microchips which further impact prices and availability of many new and used products such as autos, computers, and boat engines. Furniture sales have increased more than 50% as the supply chain has not kept up with demand from the revised use of living quarters. Bassett Furniture Industries, Inc. (BSET) is a U.S. based manufacturer that has seen its stock soar from the $4 range a year ago rising to over $25 today with a continued solid uptrend.

Sources:

https://www.cdc.gov/coronavirus/2019-ncov/community/organizations/business-employers/bars-restaurants.html

https://www.wsj.com/articles/the-new-shortage-ketchup-cant-catch-up-11617645189

https://www.usatoday.com/story/money/food/2021/04/06/heinz-tomato-ketchup-shortage-2021/7105139002/

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Release – Great Bear Resources (GTBAF) – Adds Sixth Drill at Dixie

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Great Bear Adds Sixth Drill at Dixie

 

April 7, 2021 – Vancouver, British Columbia,
Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today provided an update on its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Great Bear is pleased to announce the arrival
of a sixth drill rig at the Dixie Project.  The sixth rig is being added to accelerate the 2021 drill program, and along with the other five drills will continue to both
infill and expand on the three main gold zones including the Hinge, Dixie Limb and LP Fault zones. 

The Company’s primary focus remains infill and expansion drilling of the LP Fault zone at 25 – 75 metre centres.  However, there remain large undrilled gaps of 100 – 400 metres between existing drill holes in several areas of the LP Fault, and within the other Dixie Project gold zones where step-out and step-down drilling have already successfully expanded the zones, all of which remain open to extension.  Upcoming drill activities are outlined below.

LP Fault zone:

  • Step-out drilling to depths of approximately 800 vertical metres from surface (see news release of March 29, 2021) is planned along up to 4 kilometres of strike length of the LP Fault zone. This follows the recent successful doubling of the zone’s known vertical extent with three deep drill holes completed along a 500 metre strike length segment.
  • Drill hole BR-260 (see news released dated March 29, 2021) intersected 15.57 g/t gold over 3.05 metres in the LP Fault zone 790 metres vertically below the surface and approximately 400 metres down-plunge from the nearest hole.  The intervening 400 metre gap requires follow up drilling for this and the other two recent deep drill holes.
  • Approximately 1.2 kilometres of strike length of the southeast portion of the LP Fault zone has only been drilled on 150 – 200 centres to date and will require infill work (see news release of February 13, 2020).

Hinge zone:

  • Drill hole BR-036 (see news release dated December 9, 2020) intersected 15.18 g/t gold over 4.90 metres in the deepest Hinge zone hole, 850 metres vertically below the surface and 510 metres down-plunge from the nearest hole.  The intervening 510 metre gap in drilling requires follow up.

Dixie Limb zone:

  • Drill hole BR-085 (see news released dated May 11, 2020) intersected 10.19 g/t gold over 19.0 metres in the deepest Dixie Limb zone hole, 740 metres vertically below the surface and 380 metres down-plunge from the nearest hole.  The intervening 380 metre gap in drilling requires follow up, as does the along strike projection of the zone at depth.

Regional drilling:

  • Regional targets such as the Arrow Zone (see news release of June 18, 2020) have seen limited follow up work and will require additional drilling.

Great Bear’s progress can be followed using the Company’s plan maps, long sections and cross sections, and through the VRIFY model posted at the Company’s web site at www.greatbearresources.ca, which will next be updated in Q2 2021.  All LP Fault drill hole highlighted assays, plus drill collar locations and orientations can also be downloaded at the Company’s web site.

About the Dixie Project
The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

The Dixie Project hosts two principal styles of gold mineralization:

  • High-grade gold in quartz veins
    and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones)    . Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
  • High-grade disseminated gold
    with broad moderate to lower grade envelopes (LP Fault).      The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property.  High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.

About Great Bear
Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 330 km2 of highly prospective tenure across 5 projects: the flagship Dixie Project (100% owned), the Pakwash Property (earning a 100% interest), the Dedee Property (earning a 100% interest), the Sobel Property (earning a 100% interest), and the Red Lake North Property (earning a 100% interest) all of which are accessible year-round through existing roads.

QA/QC and Core Sampling
Protocols
Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods.  Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab.  Selected samples are also chosen for duplicate assay from the coarse reject of the original sample.  Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein. 

Qualified Person and NI
43-101 Disclosure
Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

ON BEHALF OF THE BOARD
“Chris Taylor”

Chris Taylor, President and CEO

Investor Inquiries:
Mr. Knox Henderson
Tel: 604-646-8354
Direct: 604-551-2360
[email protected]
www.greatbearresources.ca
 

Cautionary note regarding
forward-looking statements
This release contains certain
“forward looking statements” and certain “forward-looking information” as
defined under applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use of
forward-looking terminology such as “may”, “will”, “should”, “expect”,
“intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar
terminology. The forward-looking information contained herein is provided for
the purpose of assisting readers in understanding management’s current
expectations and plans relating to the future. Readers are cautioned that such
information may not be appropriate for other purposes.
Forward-looking information
are based on management of the parties’ reasonable assumptions, estimates,
expectations, analyses and opinions, which are based on such management’s
experience and perception of trends, current conditions and expected developments,
and other factors that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect.
Such factors, among other
things, include: impacts arising from the global disruption caused by the
Covid-19 coronavirus outbreak, business integration risks; fluctuations in
general macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of gold or certain other commodities;
change in national and local government, legislation, taxation, controls,
regulations and political or economic developments; risks and hazards
associated with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or unexpected
formations pressures, cave-ins and flooding); discrepancies between actual and
estimated metallurgical recoveries; inability to obtain adequate insurance to
cover risks and hazards; the presence of laws and regulations that may impose
restrictions on mining; employee relations; relationships with and claims by
local communities and indigenous populations; availability of increasing costs
associated with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining necessary
licenses, permits and approvals from government authorities); and title to
properties.
Great Bear undertakes no
obligation to update forward-looking information except as required by
applicable law. Such forward-looking information represents management’s best
judgment based on information currently available. No forward-looking statement
can be guaranteed and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward-looking statements
or information.