RIO - Exploring Mining Podcast 239: OTGO DEFN DFMTF RIO AU AGI

Point Roberts, WA and Delta, BC - January 18, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast , featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts. Today's podcast was sponsored by O2Gold Inc. ( TSXV: OTGO ), a mineral exploration company with activities in Colombia.

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Defense Metals Corp. ( TSXV:DEFN ) ( OTCQB:DFMTF ) has announced a reinforcement of its leadership team, following on from the 100 percent acquisition of the Wicheeda Rare Earth Element (REE) Property. This includes the appointment of Luisa Moreno as President of Defense Metals, and the nomination of William Bird to the company's Board of Directors. CEO Craig Taylor commented:

"With the recent completion of a positive and robust PEA, and 100% acquisition of the Wicheeda Project, Defense Metals is entering into a new phase of development, and we are delighted to have the extensive rare earth expertise of Dr. Moreno as President and Dr. Bird as a Director. As President, Dr. Moreno's unique combination of capital markets and strategic minerals specialization will be invaluable as the broader market recognizes the significance of the Wicheeda REE project in the context of North American and global critical minerals space."

Rio Tinto Group ( NYSE:RIO ) has announced its fourth quarter production results for 2021. Highlights include the production of 319.7 million tonnes of iron ore in Pilbara, 54.3 million tonnes of bauxite, and 3.2 million tonnes of aluminum. Jakob Stausholm, the company's CEO, said:

"In the fourth quarter we set a new direction for the company and announced a number of partnerships focused on decarbonising the value chain for our products, including green steel. We also entered into a binding agreement to acquire the Rincon lithium project in Argentina, which is strongly aligned with our strategy. These actions will ensure we continue to deliver attractive returns to shareholders, invest in sustaining and growing our portfolio, and progress our ambition to net-zero carbon emissions."

AngloGold Ashanti Limited ( NYSE:AU ) has completed the acquisition of Corvus Gold Inc. The former's CEO and Executive Director, Alberto Calderon, commented:

"The acquisition of Corvus provides AngloGold Ashanti with compelling, district-wide consolidation in Nevada. The combination of Corvus' assets along with our own neighbouring targets, including Silicon, Merlin and Rhyolite, provides the opportunity for the Beatty District to become a potential Tier 1 asset with first production in approximately the next three years. We look forward to further engagement with local stakeholders as we develop the Beatty District."

Alamos Gold Inc. ( NYSE:AGI ) has reported its fourth quarter and full year 2021 production results. Highlights include an annual production of 457,200 ounces of gold - up seven percent from 2020, and record revenues of $824 million for the year. The company's President and CEO, John A. McCluskey, said:

"With stronger production in the fourth quarter, we met our revised full year 2021 guidance. This was driven by strong performances through the year from both Young-Davidson and Island Gold, with the former achieving record mining rates and free cash flow. This offset a challenging year at Mulatos as we work through a transitional phase with higher costs until La Yaqui Grande comes online in the second half of 2022. This temporary increase in costs at Mulatos and industry-wide inflation are the key drivers of higher consolidated costs in 2022, though we expect a significant improvement in costs in 2023 and beyond."

Exploring Mining Podcast Sponsor

O2Gold Inc . ( TSXV: OTGO ) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team's deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.

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