Base Metals

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") is pleased to announce that common shares of the Company are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.

DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States. With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds, as well as giving new investors an opportunity to efficiently participate in the trading of Midnight Sun's common shares where their previous investing platform did not allow for non-DTC investing.

ON BEHALF OF THE BOARD OF Midnight Sun Mining Corp.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116044

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MMA:CA
Midnight Sun Drills New High Grade Mineralization at Mitu

Midnight Sun Drills New High Grade Mineralization at Mitu

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") is pleased to release the initial results from drilling conducted on its Solwezi Licences during 2022. The Solwezi Licences are located immediately southwest of First Quantum's Kansanshi Copper Mine, the largest copper mining complex in Zambia.

Exploration Highlights

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Midnight Sun Mobilizes Additional Drill at Solwezi

Midnight Sun Mobilizes Additional Drill at Solwezi

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") is pleased to report a second diamond drill rig from ATL Drilling Services Ltd. has been secured and mobilized to join the Company's current drill program on the Solwezi Licences in Zambia (see the Company's news release dated August 15, 2022).

Al Fabbro, President and CEO of Midnight Sun, stated, "I am excited for this drill program and it is important to me that we get as much exploration done as possible this field season. The addition of a second rig will expedite our work to ensure we maximize Dr. Dorling's technical plan."

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Midnight Sun Commences Drilling at Solwezi

Midnight Sun Commences Drilling at Solwezi

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") is pleased to report all preparations have been completed and drilling has commenced on the Company's Solwezi Licences in Zambia.

Highlights

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Midnight Sun Announces Plans for Solwezi

Midnight Sun Announces Plans for Solwezi

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") is pleased to report that Zambian-Congo Copperbelt expert, Dr. Simon Dorling, has agreed to accept and maintain an engagement with the Company. Simon has reviewed the data and results obtained by Rio Tinto Mining and Exploration ("Rio Tinto") on Midnight Sun's Solwezi Licences in Zambia and integrated this information with the data created by Midnight Sun and previous operators as well as incorporating recent research in the region to build a comprehensive database and inclusive interpretation of the structural-geological settings for mineralisation for future targeting.

Dr. Dorling's work has generated several new targets and justification to revisit existing prospects on the licences, including the proposal of structural corridors controlling mineralization around both the Mitu discovery area as well as hole MDD-17-15 on the Mitu Trend which measured 4.23% CuEq over 11.6 metres (see the Company's news release dated July 4, 2017). These corridors suggest a fault-control on mineralisation through re-mobilisation into late northeast-trending faults which leave these mineralized areas open along strike.

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Midnight Sun Announces Termination of Earn-In Agreement

Midnight Sun Announces Termination of Earn-In Agreement

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") has received notification of Rio Tinto Mining and Exploration Limited's ("Rio Tinto") intention to terminate the previously announced Earn-In and Joint Venture Agreement (the "Earn-In Agreement") (see the Company's news release dated April 27, 2020). Termination will be effective June 28, 2022.

Under the terms of the Earn-In Agreement, Rio Tinto has not earned any ownership of the Solwezi Licences, and control will be returned to Midnight Sun, along with all samples and data collected while Rio Tinto acted as the project operator.

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Top 3 Canadian Cobalt Stocks of 2022

Click here to read the previous top cobalt stocks article.

Cobalt prices performed strongly in 2021, and in March through May of this year experienced highs not seen since 2018, reaching US$82,000 per metric ton (MT). However, prices plunged in late June and early July.

Sitting at US$51,995 per MT on November 21, cobalt is down year-to-date, and that price has remained stable since late August. Although it's back down at the moment, it's worth keeping in mind that cobalt prices are still up by nearly US$20,000 over the beginning of 2021. The battery metal is an essential part of the lithium-ion batteries used in electric vehicles (EVs) and the clean energy movement. Experts expect rising EV purchases to continue driving demand for cobalt.

“A lot of discussions looking at lithium-iron-phosphate cathodes are a headwind for cobalt, but there are still a lot of offtake agreements in place now, there are still automakers which are looking at including cobalt in their chemistries going forward, with nickel-cobalt-manganese being one of the favored chemistries in the western world,” Fastmarkets Battery Raw Materials Analyst Robert Searle said.

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Gensource Potash Corporation

Gensource Potash Corp is a Canada based company focused on developing resource opportunities with a specific focus on potash development. The company owns an interest in the Vanguard area project located in Saskatchewan and the Lazlo project, among others.

Sherritt Amends and Extends Its Previously Announced Offers on Receipt of Support From Significant Noteholders to Tender $30 Million of Secured Notes

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

Sherritt International Corporation (" Sherritt " or the " Corporation ") (TSX:S) announced today that it has entered into support agreements with two significant noteholders, who have agreed to tender $30 million of secured notes, and amended certain terms of its previously announced offers to purchase (i) its outstanding 8.50% senior second lien secured notes due in 2026 (the " Secured Notes ") pursuant to a modified Dutch auction process (the " Secured Notes Dutch Auction ") and (ii) its outstanding 10.75% unsecured PIK option notes due in 2029 (the " Junior Notes ", and collectively with the Secured Notes, the " Notes ") pursuant to a fixed price tender offer process (the " Junior Notes Fixed Price Tender Offer " and, together with the Secured Notes Dutch Auction, the " Offers " or the " Transaction "). The Transaction was announced by Sherritt in its press release issued on November 2, 2022 (the " November 2 Press Release "). The detailed terms of the Offers are set forth in Sherritt's Offer to Purchase dated November 2, 2022 (the " Purchase Offer ") and the November 2 Press Release.

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Stillwater District Can Accelerate Domestic Production of Critical Minerals, CEO Says

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Sherritt Announces Second Modified Dutch Auction to Purchase Secured Notes and Fixed Price Tender Offer to Purchase Junior Notes in 2022 for Aggregate $50 Million

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

Sherritt International Corporation (" Sherritt " or the " Corporation ") (TSX:S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, announced today the commencement of offers to purchase (i) its outstanding 8.50% senior second lien secured notes due 2026 (the " Secured Notes ") pursuant to a modified Dutch auction process (the " Secured Notes Dutch Auction ") and (ii) its outstanding 10.75% unsecured PIK option notes due 2029 (the " Junior Notes ", and collectively with the Secured Notes, the " Notes ") pursuant to a fixed price tender offer process (the " Junior Notes Fixed Price Tender Offer " and, together with the Secured Notes Dutch Auction, the " Offers " or the " Transaction ") for aggregate cash consideration of up to $50 million (the " Maximum Consideration Amount "), exclusive of accrued and unpaid interest on the purchased Secured Notes. The Transaction is on the same terms and conditions as the Notes purchase transaction completed by Sherritt in June 2022.

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Sherritt Reports Strong Third Quarter Results and Provides Details of Its Moa JV Expansion Program

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Sherritt International Corporation ("Sherritt", the "Corporation", the "Company") (TSX: S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, today reported its financial results for the three and nine months ended September 30, 2022. All amounts are in Canadian currency unless otherwise noted.

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