Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the "Company") has increased its proposed non-brokered private placement by $500,000. The Company now intends to raise gross proceeds of up to $4 million through the issuance of 33,333,334 units (each, a "Unit") at a price of $0.12 per Unit.

Each Unit shall consist of one common share and one common share purchase warrant exercisable at a price of $0.18 for a period of 12 months from the date of grant.

The Company intends to use the proceeds of the financing to advance its East Bull palladium project and for general working capital.

All of the securities to be issued under the private placement will be subject to a four-month resale restriction. In connection with this transaction, finder's fees may be issuable to qualified parties in accordance with the policies of the Canadian Securities Exchange.

For additional information please contact:

Canadian Palladium Resources Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4455

Reader Advisory

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the proposed timing and completion of the private placement and the proposed use of proceeds from the private placement. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in water disposal facility operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Not for dissemination in the United States or through U.S. newswires

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51650

Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the "Company") has arranged for a non-brokered placement of units at a price of $0.12 per unit (each, a "Unit") for gross proceeds of up to $3.5 million. Each Unit shall consist of one common share and one common share purchase warrant exercisable at a price of $0.18 for a period of 12 months from the date of grant.

The Company intends to use the proceeds of the financing to advance its East Bull palladium project and for general working capital purposes.

All of the securities to be issued under the private placement will be subject to a four-month resale restriction. In connection with this transaction, finder's fees may be issuable to qualified parties in accordance with the policies of the Canadian Securities Exchange.

For additional information please contact:

Canadian Palladium Resources Inc.

Wayne Tisdale, President and CEO
T: (604) 639-4455

Reader Advisory

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the proposed timing and completion of the private placement and the proposed use of proceeds from the private placement. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in water disposal facility operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Not for dissemination in the United States or through U.S. newswires

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51638

TD Securities published an update on the palladium market this morning. They talk about the reasons for why Palladium prices continue to make fresh all-time highs. They conclude that it is fundamentally driven by a supply/demand crunch.

Highlights from the TD Securities report with a link to the full report below:

• Increasingly tight emissions control regulations will see South Korea, India, China and Europe all raise their standards in 2020. These regulatory changes are part of a growing global trend toward sustainability (ESG), which will continue to increase demand for emission control devices containing palladium.


• A potential rebound in auto sales, after one of the most prolonged periods of contraction on record, could also drive demand higher. South African power outages and unavailability of inventory represent upside risks. Given the improved demand outlook, the chronic deficit is likely to get worse and make it difficult for the market to clear at lower prices.


• We see little evidence of excesses in spec activity, which suggests the rally is fundamentally-driven, despite the parabolic move. In fact, our dry-powder analysis suggests that traders hold a below-average total position, and positions per-trader are also below-average, thereby reducing the risk of a sharp reversal. We think the rally has room to run, as periods of extreme scarcity send prices sharply higher. No substitutes imply that near-term demand will not be destroyed.

Vancouver, British Columbia--(Newsfile Corp. - January 15, 2020) - 21C Metals Inc. (CSE: BULL) (FRA: DCR1) (OTCQB: DCNNF) ("21C Metals" or the "Company") announces that it has changed its name to Canadian Palladium Resources Inc. to reflect the Company's concentration on its flagship East Bull Palladium project in Ontario, Canada.

Wayne Tisdale, CEO of the Company, commented, "With Palladium reaching new highs of over $2,100/oz, we look forward to drilling the East Bull Palladium project to further expand the 43-101 compliant 523,000 oz palladium equivalent resource we have. This name change reflects our focus on a world-class asset in a mining friendly jurisdiction."

Effective the commencement of trading on January 20, 2020, the Company will begin trading on the Canadian Securities Exchange under its new name, Canadian Palladium Resources Inc.; the stock symbol "BULL" will remain the same.

The name change does not affect the rights of the Company's shareholders, and no further action is required by existing shareholders with respect to the name change. Certificates representing common shares of 21C Metals Inc. will not need to be exchanged as a result of the name change.

For additional information please contact:

21C Metals Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4455

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51491