Vancouver, British Columbia–(Newsfile Corp. – September 20, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") purchased a 60% indirect working interest in the Cerro Las Minitas project (the "CLM Project") located in Durango, Mexico from Electrum Global Holdings LP ("Electrum") in September 2020 subject to a security pledge. The Company has now made the final payment to Electrum of US$2 million and issued 7,971,878 common shares equal to US$2 million (based on the prior 20-day VWAP) and now holds a 100% interest in the CLM Project free of such security pledge. As consideration for the acquisition, Southern Silver has paid Electrum an aggregate US$15 million in a combination of cash and common shares.

Benefits to Southern Silver Shareholders:

• Simplifies ownership structure of the CLM Project

• Establishes full control over project timeline and removes perceived joint venture discount

• Provides 100% ownership of a premier, polymetallic deposit in Mexico with substantial resource growth potential (with a focus on targeting high grade silver targets)

• 150% increase in attributable resources to current resource of Indicated: 134Mozs AgEq and Inferred: 138Mozs AgEq ⁽¹⁾

• Highly accretive to Southern Silver shareholders

• Electrum remains a supportive cornerstone investor

• Southern Silver becomes a more attractive takeover target

• Enhances the market profile of the Company relative to its peer group

Acquiring Electrum's 60% interest provided Southern Silver with an additional 49.9 million ounces of silver and 1.35 billion pounds of combined lead and zinc to its account based on the current National Instrument 43-101 (2019) Mineral Resources estimate of the CLM Project. Additionally, Southern Silver has become more attractive on a corporate level with the Company's market profile being enhanced by having sole ownership of one of the largest and highest grade, undeveloped silver projects in the world.

Since execution of the agreement in June, 2020, the Company has continued to advance and expand the CLM Project by completing a total of 56 core holes totaling 22,360 metres with drilling recommencing in September 2020. Southern Silver has now tested over 850 metres of strike length along the east side of the Cerro to depths of up to 500 metres, primarily in the South Skarn and Mina La Bocona target areas.

Results from all drill programs since the date of the current Mineral Resource Estimate (2019) will be incorporated into a current mineral resource report on the CLM Project to be released within the next few weeks. As well, the Company continues to proceed with completing a Preliminary Economic Assessment (PEA) for issuance in Q1, 2022.

The Cerro Las Minitas project as of May 9th, 2019 contains a Mineral Resource Estimate, at a 175g/t AgEq cut-off, of⁽¹⁾

• Indicated – 134Moz AgEq: 37.5Moz Ag, 40Mlb Cu, 303Mlb Pb and 897Mlb Zn

• Inferred – 138Moz AgEq: 45.7Moz Ag, 76Mlb Cu, 253Mlb Pb and 796Mlb Zn

Lawrence Page, Q.C., Southern Silver's President and Director, stated: "Electrum was a great joint venture partner, assisting with funds and expertise to allow Southern Silver to achieve the milestone 2019 Resource. Now Southern Silver, as the sole owner of the CLM Project, has explored new zones to establish resources not yet included in the Resource published in 2019. We anticipate that the aggregate Resource, soon to be presented and published, will significantly enhance the magnitude and value of the CLM Project. Electrum remains as a significant and supportive shareholder."

Equity Raises and Warrant Exercises: During the past twenty-one months the Company has raised $35,500,000 in equity raises, warrant and option exercises which has allowed the Company to fund the purchase of the 60% working interest and exploration costs at CLM. $15.5M remains in treasury to fund exploration and PEA costs at CLM and exploration costs at the Oro porphyry copper-gold project located in southern New Mexico, USA.

About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

1. The 2019 Cerro Las Minitas Resource Estimate was prepared following CIM definitions for classification of Mineral Resources. Resources are constrained using mainly geological constraints and approximate 10g/t AgEq grade shells. The block models are comprised of an array of blocks measuring 10m x 2m x 10m, with grades for Au, Ag, Cu, Pb, Zn values interpolated using ID3 weighting. Silver and zinc equivalent values were subsequently calculated from the interpolated block grades. The model is identified at a 175g/t AgEq cut-off, with an indicated resource of 11,102,000 tonnes averaging 105g/t Ag, 0.10g/t Au, 1.2% Pb, 3.7% Zn and 0.16% Cu and an inferred resource of 12,844,000 tonnes averaging 111g/t Ag, 0.07g/t Au, 0.9% Pb, 2.8% Zn and 0.27% Cu. AgEq cut-off values were calculated using average long-term prices of $16.6/oz. silver, $1,275/oz. gold, $2.75/lb. copper, $1.0/lb. lead and $1.25/lb. zinc. Metal recoveries for the Blind, El Sol and Las Victorias deposits of 91% silver, 25% gold, 92% lead, 82% zinc and 80% copper and for the Skarn Front deposit of 85% silver, 18% gold, 89% lead, 92% zinc and 84% copper were used to define the cut-off grades. Base case cut-off grade assumed $75/tonne operating, smelting and sustaining costs. All prices are stated in $USD. Silver Equivalents were calculated from the interpolated block values using relative recoveries and prices between the component metals and silver to determine a final AgEq value. The same methodology was used to calculate the ZnEq value. Mineral resources are not mineral reserves until they have demonstrated economic viability. Mineral resource estimates do not account for a resource's mineability, selectivity, mining loss, or dilution. The current Resource Estimate was prepared by Garth Kirkham, P.Geo. of Kirkham Geosciences Ltd. who is the Independent Qualified Person responsible for presentation and review of the Mineral Resource Estimate. All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and supervised directly the collection of the data from the CLM Project that is reported in this disclosure and is responsible for the presentation of the technical information in this disclosure.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

Neither 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 release.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97026.

OTTAWA, ON, Sept. 20, 2021 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that drilling permits have been received and a drilling contract is in place with respect to its Root & Cellar Gold-Silver-Copper Project ("Root & Cellar" or the "Project") located on the Burin Peninsula in southeastern Newfoundland. Drilling is expected to commence the last week of September. The Company can earn a 100% interest in the Property, which is being explored for epithermal gold-silver mineralization and porphyry copper deposits. The Property now covers over 300 square kilometres.

The program calls for a minimum of 2,000 meters of diamond drilling, which will be distributed over 10-12 drill-holes selected for the first phase of drilling at Root & Cellar (see Figure 1). In total, permits have been received for 50 drill-holes to allow for flexibility during the program and further phases of drilling.

The main focus of the drilling program is the Conquest Zone, where gold has been discovered in outcrop and sub-crop over an area measuring 500 x 700 meters with grades up to 48 g/t Au (see press release May 21, 2019). The main trend correlates with an IP chargeability anomaly that extends over 1,100 metres. Prospecting where off-shoots of then main IP anomalies reach surface has resulted in the discovery of further gold and copper mineralization. Conquest sits near the center of a well-defined volcanic sequence and the gold mineralization is largely hosted in hydrothermal breccias, vuggy quartz veins and stockwork quartz veins. Based on geology, alteration and geochemistry the Conquest Zone is interpreted to represent the upper levels of a large high sulphidation gold system (See Figure 2).

Drill testing of other targets, including the Windfall Zone with up to 17 g/t Au and 53 g/t Ag (see press release January 13, 2021) with associated Te, Pb and Zn, are also planned. Windfall sits on the periphery on the volcanic system along with Drop Zone (45 g/t Au and 1,386 g/t Ag) located 2 kilometres along strike to the southwest and Braxton Bradley (2.5 g/t Au, 128 g/t Ag and 1.4% Cu) located 3 kilometres to the northeast (see press release May 21, 2019). All three zones are interpreted to be intermediate sulphide gold systems.

"We are very excited to start the first drill program at Root & Cellar; we have a large and expanding footprint of gold, silver and copper mineralization on surface, and this is enhanced by equally impressively sized IP chargeability anomalies at depth. We must remember that epithermal gold and copper porphyries are end members of the same system and elsewhere in the world, Argentina, Chile and Nevada for example, there are some very large high sulphidation epithermal gold deposits, even entire districts, that occur near this transition level."

Ian Bliss – President & CEO

This drilling program will be overseen by Christine Vaillancourt, P. Geo. and the Company's Chief Geologist.

Northern Shield Resources Inc. is a Canadian-based company with experience in many geological terranes and focused on generating high-quality exploration programs. It is known as a leader in executing grass roots exploration programs using a model driven approach. Seabourne Resources Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related deposits in Atlantic Canada.

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Root & Cellar Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward–looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward–looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Northern Shield Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/20/c2177.html

Monday put investors in lithium and rare earth metal stocks on the edge. While Standard Lithium (NYSEMKT: SLI) and Lithium Americas (NYSE: LAC) sank 10.7% and 13.3%, respectively, by 2:30 p.m. EDT, rare earth stock MP Materials (NYSE: MP) was down 8.5% by then. With concerning news from China and an electric-vehicle (EV) manufacturer slashing its outlook on supply shortages hitting electric-vehicle stocks hard, lithium and rare earth stocks were bound to feel the heat.

By Dhirendra Tripathi

Investing.com – Stocks of steel and iron-ore producers took a knock in global markets Monday on fears over the cascading impact of the crisis unfolding at real estate developer China Evergrande (OTC:EGRNY).

ADRs of ArcelorMittal (NYSE:MT) fell 5.5%, BHP (NYSE:BHP) 5.4%, Rio Tinto (NYSE:RIO) 6% and Vale (NYSE:VALE) 3% in Monday’s premarket trading on the NYSE. Elsewhere, Anglo American (LON:AAL) fell 7% in London and Fortescue Metals closed (ASX:FMG) 4% lower in Sydney.

Evergrande shares fell more than 10% to touch their 11-year low in Hong Kong trading as the beleaguered developer began to sell its assets at hefty discounts. Traders stayed jittery as China’s second largest property developer has a bond interest due Thursday, according to Reuters.

There are concerns that a default on its $300 billion of liabilities could crystallize broader risks in China's financial system.

Shares of metals and iron-ore have lately been under pressure as the world’s biggest consumer attempts to limit its steel output at last year’s level of around 1.05 billion tons. According to UBS, output is likely to be near 1.07 billion tons in 2021-22 and flat in 2022-23. This is around 5% lower than its previous forecast of 1.13 billion tons.

Also weighing on markets more broadly is uncertainty ahead of a suite of central bank meetings this week. most notably at the U.S. Federal Reserve.

The Fed begins its two-day meet Tuesday. All eyes are on the central bank’s likely commentary on the timeline of the tapering. According to Reuters, market consensus is that it will stick with broad plans to begin stimulus withdrawal this year but will hold off providing details on a timeline for at least a month.

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

VANCOUVER, British Columbia, Sept. 20, 2021 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (the “Company”) (SBB – TSX) is pleased to announce that it has arranged a fully subscribed non-brokered private placement (the “Financing’) pursuant to which it will sell approximately 7.3 million flow-through common shares (the “Flow-Through Common Shares”) at a price of $1.87 per share to raise gross proceeds of up to $13.75 million.

“The proceeds from the sale of the Flow-Through Common Shares will be used primarily for continued advancement of the Umwelt underground exploration decline,” said Bruce McLeod, President & CEO. “This financing enables the Company to continue funding exploration initiatives while preserving hard dollars for continued development activities on the Back River project.”

The Financing is scheduled to close on or about September 30, 2021 and is subject to customary conditions including, but not limited to, the receipt of all necessary approvals, including conditional acceptance of the Toronto Stock Exchange. The total gross proceeds from the Financing must be used to incur Canadian exploration expenditures as defined by the Income Tax Act (Canada) by December 31, 2022.

The Company has provided a financing notice to Zhaojin International Mining Co., Ltd. with respect to their participation right.

SABINA GOLD & SILVER CORP

Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.

Sabina recently filed an Updated Feasibility Study (the “UFS”) on its 100% owned Back River Gold Project which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV_5% of C$1.1B. See “National Instrument (NI) 43-101 Technical Report – 2021 Updated Feasibility Study for the Goose Project at the Back River Gold District, Nunavut, Canada” dated March 3, 2021.

The Project received its final major authorization on June 25, 2020 and is now in receipt of all major permits and authorizations for construction and operations.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.

For further information please contact:
Nicole Hoeller, Vice-President, Communications
1 888 648-4218
nhoeller@sabinagoldsilver.com

Cautionary Note regarding Forward-Looking Information

Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to the ability to complete the Financing on the proposed terms or at all, anticipated use of proceeds from the Financing, receipt of regulatory approvals with respect to the Financing, including conditional approval from the Toronto Stock Exchange and future production at Back River.

Forward-looking statements necessarily involve known and unknown risks, including, without limitation, the Company’s ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; marketing and transportation costs; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this news release represent the expectations of management of the Company as of the date of this news release, and, accordingly, are subject to change after such date. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

By Mimosa Spencer

PARIS (Reuters) – In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1,175-carat diamond in New York City.

The companies are billing the stone as the largest rough diamond to be shown in the United States, and the third-largest to be discovered. Reuters could not independently verify these claims.

HB Antwerp told Reuters it has yet to decide whether the uncut diamond will be cut into polished stones.

The massive diamond was unveiled at the Whitby Hotel in upper midtown Manhattan, kicking off a week of viewings.

The uncut stone was one of three diamonds of over a thousand carats extracted from the Karowe Mine in Botswana in recent years. In 2020, the two companies teamed up with Louis Vuitton to show the Sewelo diamond, also from the Karowe Mine, with each of the three parties taking ownership.

“We’ve been in the business for many years, for quite some time, and these types of things do get us excited because of the sheer size,” Oded Mansori, chief executive officer of HB Antwerp, told Reuters. He held up a hand, curling his fingers as if holding an egg, to demonstrate its size.

The partners aim to throw the spotlight on the natural state of the stone, at a time when lab-grown diamonds are casting themselves as viable commercial alternatives to real diamonds.

The mining company started using x-ray technology in 2015 to help locate and identify diamonds. "We do expect that we will recover more exceptional diamonds in excess of a thousand carats in size – but on a global basis, this is still an extremely rare and unusual event,” said Lucara's chief executive, Eira Thomas.

(Reporting by Mimosa Spencer in Paris; Editing by Vanessa O'Connell and Matthew Lewis)

SAN FRANCISCO, CA / ACCESSWIRE / September 20, 2021 / Hagens Berman urges Piedmont Lithium Inc. (NASDAQ:PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021

Lead Plaintiff Deadline: Sept. 21, 2021

Visit:www.hbsslaw.com/investor-fraud/PLL

Contact An Attorney Now:PLL@hbsslaw.com

844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company "cannot be trusted" to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

"We're focused on investors' losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com:
https://www.accesswire.com/664808/PLL-FINAL-DEADLINE-ALERT-Hagens-Berman-Alerts-Piedmont-Lithium-PLL-Investors-to-SEPTEMBER-21ST-DEADLINE-in-Securities-Class-Action-Encourages-Investors-with-Losses-to-Contact-Firms-Attorneys-Now

Toronto, Ontario–(Newsfile Corp. – September 20, 2021) – Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S3) ("Signature" or the "Company") is pleased to announce it has restarted diamond drilling as part of its 2021 fall drill campaign at its 100%-owned Lingman Lake Gold Project ("Project") located in Northwestern Ontario (see Figure 1).

Highlights:

• Fully funded 10,000 metre ("m") fall drill campaign targeting expansion on depth and strike of Lingman Lake east-side of the diabase dike mineralized zones surrounding the historical UG workings.

• The Company owns two drill rigs and plans to ramp-up their activity as geophysical data gets refined.

• Expanded regional exploration program with ongoing regional exploration data compilation and analysis incorporating historical data and the new property-wide summer airborne geophysical and LIDAR surveys towards the identification and ranking of highly prospective regional targets enabling target-specific exploration advancements throughout the coming winter into 2022.

• Ongoing analysis, modelling, and interpretation of the Lingman Lake west-side geophysical surveys and winter/spring drilling to support improved drill targeting to follow.

• Ongoing Lingman Lake site geology data collection and compilation, including the new summer ground IP and magnetic geophysical surveys to 500 m depth, new site surface mapping, and all historical drill data, to further improve drillhole vectoring for optimal gold mineralization expansion.

"I am very pleased with the entire Signature team and with the announced continuation of drilling at our Lingman Lake site with the kickoff of a fully funded 10,000-meter drill campaign. Our team has prevailed throughout a challenging summer of regional wildfire restrictions with the completion of significant exploration camp optimizations enabling lower cost drilling and an expanded regional exploration program. Signature is now advancing diligently on two main fronts with the Lingman Lake gold mineralization expansion drilling and the regional high-potential target identification, ranking, and focused exploration. We look forward to many new and exciting advancements on these fronts throughout the remainder of this year."

Robert Vallis, President, CEO and Director

Figure 1: Plan map of the 2021 fall drilling location

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8296/96994_3e7a1c2a6433fb4b_001full.jpg

About Signature

The Lingman Lake gold property consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 27,113 hectares. The property hosts a historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com.

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Donna McLean
Chief Financial Officer
416.417.8349
info@signatureresources.ca

Cautionary Notes

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 news release.

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96994

NEW YORK, NY / ACCESSWIRE / September 20, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Piedmont Lithium Inc. (NASDAQ:PLL)
Class Period: March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: September 21, 2021

The complaint alleges that during the class period Piedmont Lithium Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Learn about your recoverable losses in PLL: https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=19702&from=1

Live Ventures Incorporated (NASDAQ:LIVE)
Class Period: December 28, 2016 – August 3, 2021
Lead Plaintiff Deadline: October 12, 2021

During the class period, Live Ventures Incorporated allegedly made materially false and/or misleading statements and/or failed to disclose that: 1) Live's earnings per share for FY 2016 was actually only $6.33 per share; (2) the Company used an artificially low share count to boost the earnings per share by 40%; (3) Live had overstated pretax income for fiscal 2016 by 20% by including $915,500 of "other income" related to certain amendments that were not negotiated until after the close of the fiscal year; (4) Live's acquisition of ApplianceSmart did not close during first quarter 2017; (5) using December 30, 2017 as the "acquisition date" and recognizing income therefrom did not conform to generally accepted accounting principles; (6) by falsely stating that the acquisition closed during the quarter, Live recognized bargain purchase gain, which enabled the Company to report positive net income in what would otherwise have been an unprofitable quarter; (7) between fiscal 2016 and fiscal 2018, Live's CEO received approximately 94% more in compensation than was disclosed to investors; and (8) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in LIVE: https://www.kleinstocklaw.com/pslra-1/live-ventures-incorporated-loss-submission-form?id=19702&from=1

Annovis Bio, Inc. (NYSE:ANVS)
Class Period: May 21, 2021 – July 28, 2021
Lead Plaintiff Deadline: October 18, 2021

The complaint alleges Annovis Bio, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Annovis's ANVS401 (Posiphen), an orally administrated drug which purportedly inhibited the synthesis of neurotoxic proteins that are the main cause of neurodegeneration, did not show statistically significant results across two patient populations as to factors such as orientation, judgement, and problem solving; and (2) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in ANVS: https://www.kleinstocklaw.com/pslra-1/annovis-bio-inc-loss-submission-form?id=19702&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

View source version on accesswire.com:
https://www.accesswire.com/664729/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-PLL-LIVE-and-ANVS

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

TORONTO, September 20, 2021–(BUSINESS WIRE)–Sherritt International Corporation ("Sherritt") (TSX: S) today released its 2020 Sustainability Report, outlining the Company’s recent performance on environmental, social, and governance (ESG) matters and upgraded targets and commitments, including achieving net-zero emissions by 2050.

"Sherritt has a long and positive track record of sustainable activities in the communities in which we operate," said Leon Binedell, President and CEO of Sherritt International. "We extended this performance in 2020 by making progress on a number of our ESG commitments, including achieving zero fatalities at our operations and implementing additional health and safety measures to protect employees at our operations from COVID-19. We plan to extend this momentum through a number of upgraded ESG targets in the near and longer terms as well through the role our nickel and cobalt products and Technologies capabilities will play in reducing carbon emissions in the years ahead."

Sherritt’s 2020 Sustainability highlights include:

• Experienced zero work-related fatalities at our operations and in our local communities.

• Continued peer-leading reductions in injury rates, with a Total Recordable Incident Frequency Rate (TRIFR) decrease of 49% and a Lost Time Incident Frequency Rate (LTIFR) decrease of 63% over three years.

• Maintained safe and full production despite the COVID-19 pandemic by utilizing an essential workforce as permitted by local public health guidance.

• Implemented a number of additional health and safety measures designed to protect employees, contractors, suppliers and other stakeholders at our operations from COVID-19.

• Generated more than $500 million in economic benefits for host communities and countries.

• Sherritt’s community investments were aligned with local priorities. Donations in-kind consisted of items such as refrigeration equipment for educational and public health centres, road maintenance equipment, and equipment to increase potable water supply.

• Completed a conflict-affected and high-risk areas (CAHRA) assessment based on OECD guidance that concluded that Sherritt, its subsidiaries, and the Moa Joint Venture do not source from, produce in, or transit through CAHRAs. This assessment was independently validated.

• Signed the BlackNorth Initiative Pledge.

• Experienced no security incidents involving allegations of human rights abuses at any of Sherritt’s operations.

Sherritt’s upgraded ESG Targets include:

• Achieving net carbon neutrality by 2050.

• Ensuring that 36% of employees are female by 2030, doubling the total from 2019.

• Reducing overall greenhouse gas (GHG) emissions intensity by 10% by 2030.

• Generating 15% of our overall energy needs through renewable sources by 2030.

• Aligning 100% of our community investments with local priorities by 2024.

Sherritt’s 2020 Sustainability Report, which was prepared in accordance with the Global Reporting Initiative’s (GRI) Standards and with the Sustainability Accounting Standards Board (SASB) Metals and Mining Standard, is available online at http://sustainability.sherritt.com.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol "S".

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005621/en/

Contacts

Joe Racanelli, Director of Investor Relations
Email: investor@sherritt.com
Telephone: (416) 935-2457
www.sherritt.com

Vancouver, British Columbia–(Newsfile Corp. – September 20, 2021) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is pleased to announce an update on the drill program at its 100% owned Love Lake Nickel-Copper-PGM project located approximately 60 km northeast of Forum's Janice Lake/Rio Tinto copper joint venture in north-eastern Saskatchewan along Highway 905 to the Rabbit Lake/ McClean Lake uranium mills (Figure 1).

Samples have been sent to the Saskatchewan Research Council from three holes drilled at Korvin Lake and What Lake for assay and are expected in mid-October. Forum is on its eleventh and final hole of the drill program on the Korvin Creek target. A summary of the drill program follows:

Korvin Lake – two holes drilled on the electromagnetic target identified by the HeliSAM Time Domain Electromagnetic (EM) airborne survey completed in May 2021.

What Lake – five holes have been drilled on trenches which returned values as high as 0.43% Copper, 0.23% Nickel, 4275 ppb Palladium, 3580 ppb Platinum and 200 ppb Gold and on targets outlined by ground magnetic and electromagnetic surveys.

Korvin Creek – four holes will be completed where two drill holes in 1968 intersected 31.7 metres grading 0.23% copper and 36.6 metres of 0.29% copper, as well as targets outlined by ground magnetic and electromagnetic surveys.

Figure 1: Location of the Love Lake Cu-Ni-PGM Project along Highway 905

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4908/96999_0957a01ea43e1b76_003full.jpg

Love Lake Nickel-Copper-Platinum-Palladium Project

The Peter Lake Domain in northern Saskatchewan is the largest mafic/ultramafic complex in North America second only to the Duluth Complex which is centered in the heart of the Midcontinent Rift System in Minnesota and Ontario and is host to numerous magmatic copper/nickel and platinum/palladium deposits. For over 250 km of the Peter Lake Domain numerous copper/nickel and platinum/palladium showings have been uncovered over the past fifty years that have received only sporadic exploration.

Forum staked 32,075 hectares over the 20km by 5km Love Lake Complex in 2019, a 2.56 billion year old, palladium enriched layered gabbroic intrusive. A 4,412 line kilometre Heli-GT magnetic/gradiometric survey was completed for Forum by SHA Geophysics in 2020, two field programs of geological mapping, geochemical sampling and prospecting were completed by Forum in 2019 and 2020 and a 588 line kilometre HeliSam Time Domain airborne EM survey was completed in 2021.

Director Resignation

Mr. Burns Singh Tennent-Bhohi has announced his resignation from the Board of Directors due to his ongoing commitments to his Publicly Quoted Directorships and his London, UK, private venture capital company, Glenpani, a specialist in transaction origination, corporate restructures/recapitalisations and equity/debt finance. Burns was instrumental in arranging funding for the Company from 2018 to 2020 and remains on Forum's Advisory Board as an advisor on capital markets/strategic corporate planning.

Ken Wheatley, P.Geo., Forum's VP, Exploration and a Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners Rio Tinto and Orano for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

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 release.

For further information contact:

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Phone – 604-630-1585

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96999

If you want to know who really controls Bear Creek Mining Corporation (CVE:BCM), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. We also tend to see lower insider ownership in companies that were previously publicly owned.

Bear Creek Mining is not a large company by global standards. It has a market capitalization of CA$147m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Bear Creek Mining.

View our latest analysis for Bear Creek Mining

What Does The Institutional Ownership Tell Us About Bear Creek Mining?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

As you can see, institutional investors have a fair amount of stake in Bear Creek Mining. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Bear Creek Mining's earnings history below. Of course, the future is what really matters.

Our data indicates that hedge funds own 14% of Bear Creek Mining. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Our data shows that Equinox Partners Investment Management LLC is the largest shareholder with 14% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 11% and 8.8%, of the shares outstanding, respectively.

A closer look at our ownership figures suggests that the top 21 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time.

Insider Ownership Of Bear Creek Mining

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own some shares in Bear Creek Mining Corporation. It has a market capitalization of just CA$147m, and insiders have CA$3.8m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling.

General Public Ownership

The general public holds a 50% stake in Bear Creek Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Public Company Ownership

We can see that public companies hold 11% of the Bear Creek Mining shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Bear Creek Mining better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 5 warning signs for Bear Creek Mining (of which 2 make us uncomfortable!) you should know about.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Figure 1

2021 Drill Holes Completed

Figure 2

Cross Section of the Jubilee South Drilling

Figure 3

Drill Holes at Southern Extension of Surluga Resource

Figure 4

Drill Holes at Northern Extension of Surluga Resource

TORONTO, Sept. 20, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Jubilee Shear Zone more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.

Highlights of the 2021 Drilling Program (Tables 1 and 2, Figures 1 and 2)

• Intersection in SD-21-298A of 25.73 g/t gold over 4.78 metres true width (TW) in the Jubilee Shear Zone, including 41.73 g/t gold over 1.93 metres (TW) and 45.80 g/t gold over 0.92 metres (TW), more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.

• Indications that higher-grade gold mineralization extends down-dip of the Surluga Deposit inferred resource, in the northern extension of the Surluga Deposit.

  • Intersection of 4.39 g/t gold over 2.55 metres (TW) including 8.76 g/t gold over 0.87 metres (TW) in SD-21-299.

  • Intersection of 3.38 g/t gold over 2.91 metres (TW) in including 5.52 g/t gold over 0.91 metres (TW) in SD-21-301.

• Visible gold has been observed in two different veins in the Jubilee Shear Zone located in hole SD-21-302 in the Surluga South discovery (assays pending).

“The results from our 2021 drilling program continue to illustrate the untapped potential of the Wawa Gold Project. Hole SD-21-298A confirms the presence of zones of high-grade gold mineralization in the Surluga South exploration target and represents an exciting development in the discovery made by Red Pine in 2020. In the northern end of the Jubilee Shear Zone, >400 metres down-dip of the inferred resource of the Surluga deposit, our drilling results suggest that higher-grade mineralization extends into previously unexplored areas. These results are beginning to define a zone that would expand the resource in the northern end of the deposit.

Red Pine’s production has significantly improved with the two operating drills on site, the contractor’s recent ability to operate the third drill will significantly improve our drilling production. The third drill, which will target the Darwin-Grace greenfield target, is on schedule to start this month.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/8da834b7-bba8-4a44-8ed3-419ea34f51cf

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine is testing the northern and southern depth extensions of the Surluga Deposit and the Minto Mine South Deposit. One drill rig is active at the northern end of the Surluga Deposit and one drill rig is active at the southern end of the Surluga Deposit. The southern drill is testing both the Minto Mine South Deposit and the Sadowski Gold Zone discovery.

At the southern end of the Surluga Deposit, in holes SD-21-296A, 297A, 298A and 302, the Jubilee Shear Zone was successfully intersected up to 400 metres away from the current boundary of the Surluga Deposit resource. Results in the Jubilee Shear Zone for holes SD-21-296A, 297A and the top of hole SD-21-298A have previously been released. Visible gold has been observed in two different veins in the Jubilee Shear Zone in SD-21-302 (assays pending).

Drilling at the southern end of the Surluga Deposit also resulted in the discovery of the down-dip extension of the Minto Vein in the Minto Mine Shear Zone in hole SD-21-297A, and the discovery of significant mineralization in the Minto Vein in hole SD-21-298A. Additional drilling is necessary to define the size and extent of this new zone of high-grade gold mineralization in the Minto Vein.

Hole SD-21-300 continues to expand the mineralized footprints of the newly discovered Sadowski Gold Zone, a newly discovered near-surface network of quartz veins hosting zones of high-grade mineralization.

At the northern end of the Surluga Deposit, drilling indicated that the Jubilee Shear Zone extends down-dip of the current limit of the inferred resource, and that zones of higher-grade gold mineralization could exist in the unexplored down-dip extension of the structure. This is supported by the new drilling results from holes SD-21-299 and SD-21-301 that confirm the extension of gold mineralization in the Jubilee Shear Zone down-dip beyond the current inferred resource of the Surluga deposit. In addition, in hole SD-21-299, a network of gold mineralized quartz veins was discovered above the Jubilee Shear Zone.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program (includes complete results from SD-21-298A)

*Results in the Sadowski Gold Zone are presented as core length and are estimated to be between 40% and 80% true width. Results in zones labelled Quartz vein and Disseminated sulfides are presented as core length and additional drilling is necessary to estimate the true width of those zones of mineralization.

Figure 2- Cross Section of the Jubilee South Drilling
https://www.globenewswire.com/NewsRoom/AttachmentNg/e46504f8-a124-469b-8bbc-18769a2015be

Table 2 – Coordinates of the Reported Holes

Figure 3- Drill Holes at Southern Extension of Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/ab371d66-332c-4bf8-8f1c-dc30d735dc72

Figure 4- Drill Holes at Northern Extension of Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/2fe8f67a-ef5d-4354-9022-d44e2cd7bf69

On-site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and a position at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Energy Fuels Inc. (NYSE: UUUU) traded at a new 52-week high today of $8.39. So far today approximately 4.9 million shares have been exchanged, as compared to an average 30-day volume of 4.2 million shares.

Energy Fuels Inc. is currently priced 1.7% above its average consensus analyst price target of $7.88.

Energy Fuels Inc. share prices have moved between a 52-week high of $8.39 and a 52-week low of $1.42 and are now trading 464% above that low price at $8.01 per share.

Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. The producing White Mesa Mill is the only conventional uranium mill in the U.S. and has a licensed capacity of 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is currently on standby.

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TORONTO, Sept. 20, 2021 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that Ms. Dawn Evans-Lamswood, M.Sc., P.Geo. has joined the Company as Senior Consultant to our Taylor Brook and Florence Lake nickel projects. The Company has also retained Dr. Derek Wilton, P.Geo., FGC as an independent “qualified person” for both projects. Both of these highly experienced consultants live in St. John’s, Newfoundland and are therefore close to the projects should intra-provincial travel restrictions be re-introduced.

Drilling operations at Taylor Brook are slated to commence early in October, and preparations including core shack construction, trail clearing and line-cutting are getting underway shortly. The Company has engaged Mercator Geological Services of Dartmouth, NS and Quinlan Exploration Inc. of Birchy Bay, NL to provide experienced geological field personnel and equipment for the exploration program. An existing semi-permanent camp 20km from the drilling area is being rented for the team and core logging and sampling. The drilling division of Springdale Forest Resources has been engaged to carry out the drill program.

Paul Sobie, CEO of Churchill stated, “We now have an excellent local exploration team to work our nickel projects with long-time Churchill manager Kevin Kivi and myself. We are very pleased to have Dawn and Derek join our team, as both have significant experience with Voisey’s Bay and NL nickel sulphide projects, and of course we have the expertise of the Altius team available to us as well. Dawn spent the majority of her career with Inco/Vale at Voisey’s Bay and was there from just after the discovery, and is the author of numerous papers on the mine’s geology and mineral deposits. Derek has recently stepped down from his Professorship at Memorial University and is a well-known expert on the geology and mineral deposits of NL, and is familiar with both CRI projects. Having local drillers from Springdale, local geological support, and an optimal camp already in the area will all help to contribute to an efficient exploration program at Taylor Brook.”

About Churchill Resources Inc.

Churchill is managed by career mining industry professionals and currently holds four exploration projects, namely Taylor Brook in Newfoundland, Florence Lake in Labrador, Pelly Bay in Nunavut and White River in Ontario. All projects are at the evaluation stage, with known mineralized Ni-Cu-Co showings at Taylor Brook, Florence Lake and Pelly Bay, and diamondiferous kimberlitic intrusives at White River and Pelly Bay. The primary focus of Churchill is on the continued exploration and development of the Taylor Brook and Florence Lake Nickel Projects.

Further Information

For further information regarding Churchill, please contact:

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); 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); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; 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); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described in the most recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

MELBOURNE, Australia, September 19, 2021–(BUSINESS WIRE)–Rio Tinto has approved a new solar farm and battery storage at Weipa in Queensland, in a move that will more than triple the local electricity network’s solar generation capacity and help provide cleaner power to Rio Tinto’s operations.

Under the plans, EDL has been contracted to build, own and operate a 4MW solar plant and 4MW/4MWh of battery storage at Weipa. Work on the battery facilities will start this year, with construction of the whole project expected to be complete by late 2022.

The new solar farm and battery storage will complement the existing 1.6MW solar farm at Weipa, which was completed in 2015 and is also owned and operated by EDL. The 4MWh battery system will be built next to the existing Weipa power station and will help provide a stable power network for Rio Tinto’s Weipa Operations bauxite mines and the Weipa township.

Rio Tinto Aluminium Pacific Bauxite Operations General Manager Michelle Elvy said "The new solar farm and battery storage at Weipa will help us lower our carbon footprint and diesel use in a reliable way.

"The original Weipa solar farm was the largest solar facility at an off-grid Australian mine site at the time it was built, and it played an important role in showing the viability of renewable energy systems in remote locations.

"The new solar farm and battery storage system is part of Rio Tinto’s group-wide commitment to reduce emissions across our operations. There is clearly more work to be done, but projects like this are an important part of meeting our climate targets."

EDL Chief Executive Officer James Harman said "We welcome the opportunity to continue supporting Rio Tinto to reduce carbon emissions.

"EDL will be leveraging expertise from our hybrid renewable energy systems around Australia to deliver clean and reliable energy for Rio Tinto’s operations and the local community."

When complete, the combined 4MW solar capacity and 4MW/4MWh battery will provide about 11 gigawatt hours of energy annually. Combined with upgrades to the existing Weipa power generation network, the improvements will reduce Weipa Operations’ diesel consumption by an estimated 7 million litres per year and lower its annual carbon dioxide emissions by about 20,000 tonnes – the equivalent of taking more than 3,750 cars off the road.

Rio Tinto Weipa Operations will purchase electricity from EDL and the new solar plant will be connected directly to the Weipa electricity network.

More information on Rio Tinto’s climate targets can be found here.

riotinto.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210919005041/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: Weipa

Radnor, Pennsylvania–(Newsfile Corp. – September 19, 2021) – The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) ("Piedmont") that a securities fraud class action lawsuit has been filed against Piedmont on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period").

Lead Plaintiff Deadline: September 21, 2021
Website: https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont
Contact: James Maro, Esq. (484) 270-1453
Toll free (844) 887-9500

Piedmont engages in the exploration and development of resource projects. Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina. The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which reported serious issues regarding Piedmont's regulatory status in North Carolina.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business did not have "strong local government support"; and (5) as a result, the defendants' public statements were materially false and/or misleading at all relevant times.

Piedmont investors may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96886

If you’re following rising oil prices that are smashing records right now, it should lead you directly to gold. 

Inflation is coming, and some say gold is our only true defense. 

Oil prices are now at a six-week high, with Oman even predicting that prices could increase to $200 per barrel if global climate policies are pushed through. 

But it all could mean higher inflation. 

As oil prices rise, inflation tends to rise in tandem because oil is a major input in the economy. When those inputs rise, costs do the same, leading to inflation. That’s why Biden has been calling on OPEC to produce more to keep oil prices down. It’s all about taming inflation. 

Gold is considered a hedge against inflation. 

Gold soared in 2020 on realized fears of inflation when stimulus checks started hitting American accounts. Gold finished 2020 up 28%–its biggest win since 1980. 

And while gold may have already priced in inflation based on pandemic stimulus, what we think it didn’t figure in was soaring oil prices. 

While oil prices look set to break new records, gold is flying under the radar, and there has never been a better time to gain direct exposure against the coming inflation. 

Right now, smart money is looking at gold. But it’s not looking at physical gold …we think it’s looking at small-cap miners who stand to benefit the most from future inflation. 

Why We Believe Discount Gold Is The Only Gold To Watch

Fear is a bargain. And right now, with the Delta variant of COVID-19 surging through the world, threatening renewed lockdowns and more economic stimulus, and with oil prices rising, we think gold should be on everyone’s radar. 

But there’s only so many ways to find discount gold …

Our pick for the best avenue is through the potential of the small-cap miners and their underpriced assets that could realize outsized gains with any jump in gold. 

With gold trading in the $1800 range, imagine getting it for $2-$3 an ounce, instead. This may be the ultimate safe haven. 

When Wall Street hunts for bargain gold, it targets the junior miners with major upside potential, setting short-term price targets that could make these juniors look incredibly undervalued. 

Discount gold was a hot commodity when gold prices were in the $1200 range not too long ago. When they’re in the $1800 range, it becomes even more precious. 

Big miners don’t offer the same potential upside. 

In 2016, we saw a run on junior gold miners for the same reason. Then, we saw gold increase by about 26% in 6 months. 

Even mid-cap Endeavour Mining Corp gained nearly 200%. IAM Gold gained nearly 260%. 

The smaller you go, the bigger the potential gains. Small-cap Argonault soared by nearly 300%, while Great Panther Mining jumped by about 340%. 

For 2021, the numbers look even better, with $1800 gold, coming off a 28% increase in 2020, and oil-price-led inflationary fears appearing to mount fast. 

Now, it’s small-cap Starr Peak Mining Ltd (TSX:STE.V; OTC:STRPF) in our spotlight, backed by a gold encounter that has turned into much more than that.

This early-stage exploration play jumped on our radar when they scooped up territory adjacent to Amex Exploration, right before Amex made a stunning high-grade gold discovery in 2019. Since then, it’s been fast-paced news flow. 

Not only did Starr Peak buy property right next to Amex and right next to the past-producing Normetal Mine, but it bought the Normetal Mine itself, which has historically produced ~10.1 million tonnes of 2.15% copper, 5.12% zinc, 0.549g/t of gold and 45.25 g/t of silver.

Drilling began and results started to come back, Starr Peak encountered something that major miners are said to be always on the lookout for but rarely hit: A VMS (volcanogenic massive sulfide ore) deposit, containing multiple base metals, including zinc, copper, silver, and gold. 

In March, it released its first results, showing large intervals of high-grade sulfide mineralization, and new results have come in every month since then–each time with higher grades than the last. 

Now, Starr Peak has expanded its drilling program to 60,000 meters. It looks to be paying off, too. 

On August 12th, Starr Peak released another set of results from its NewMetal property in Quebec’s Abitibi Greenstone Belt, which includes the Normetal Mine, showing ~10.1 million tonnes of 2.15% Cu, 5.12% Zn, 0.529 g/t Au and 45.25 g/t Ag. 

Adding to high-grade results from July, August’s showings highlighted the copper-rich zonation in the Deep and Upper zones of Normetmar. 

Starr Peak Chairman and CEO Johnathan More lauded the results as the highest-grade copper results to date. 

“As we continue to be blown away by the results and potential of the Normetmar mineralized system, we are seeing an increase of copper mineralization at depth. This often occurs in these polymetallic VMS deposits, with metal zonation from zinc-dominant to copper-dominant at depth. We are excited to be releasing some of our highest-grade copper mineralization to date, and look forward to increasing our understanding of this highly continuous zone of rich mineralization with our recently announced 60,000 meter expanded drill program.”

This is the third time Starr Peak has expanded its drilling program based on encouraging  results. 

After announcing results showing high-grade gold, silver, copper, and zinc on its first two drills, Starr Peak is starting to gain attention, and we think it’s not just as one of the best potential discount gold exploration plays of the past several years, but also as a great exploration play on soaring base metals. 

We see it as  a de-risking basket deal that could benefit from record prices for metals such as copper and zinc, too. 

And with high-risk/high-reward discount gold exploration plays, a 98% hit rate on drill targets is extremely attractive in our view. 

For this discount gold exploration play, we think Starr Peak Mining Ltd (TSX:STE.V; OTC:STRPF) isn’t just going for a repeat of Amex Exploration’s success. 

It’s aiming for the ever-elusive VMS deposit that could attract the major miners like nothing else. With each drill hole and set of results, Starr Peak looks to further de-risk its Quebec hunting ground, and we think the timing is perfect for discount gold. 

Gold and Metal Prices Could Soar

Gold Fields (NYSE:GFI) has catapulted itself into the global mining elite in recent years thanks to its forward-looking vision and exceptional management. Based out of Johannesburg, South Africa, Gold Fields is one of the de facto leaders in the region. With operations in South Africa, Ghana, Australia and Peru, Gold Fields is well-diversified.

In 2019, Gold Fields produced over 68 tons of the precious metal, up nearly 8% from the year before. And thanks to last year’s rally in gold prices, it produced even more, setting itself up to a great start to 2021.

Last September, Gold Fields was trading at only $5.12 per share, but thanks to its increased production, and the dramatic rise in gold prices, it’s now trading at $9.27, which means investors who held on have brought home near 100% returns – with many analysts suggesting the stock could go even higher.

It’s rare to see miners from outside of North America on the New York Stock Exchange, but Compania de Minas Buenaventura (NYSE:BVN) is an exception. Listing on the NYSE in 1996, Minas Buenaventura has clawed its way up the ranks of the global mining elite. Currently valued at $1.8 billion, the mining giant is far from its all-time highs. But it’s not down for the count just yet.

Minas Buenaventure is exposed to six different mining properties around the globe which bring in an estimated 945,000 ounces of gold every year. But that’s not all its got going for it. It is also has exposure to a number of silver mines which produce as much as 26.5 million ounces per year, and tens of thousands of metric tons of industrial metals such as zinc, lead and copper from its domestic mines. 

Harmony Gold (NYSE:HMY) is another South African miner which has exploded onto the radars of investors this year. Though it’s only the third-largest miner in the country, it has made some stellar moves in the marketplace. Domestically, it has nine underground mines in the resource-rich Witwatersrand Basin and one open-pit mine in the Kraaipan Greenstone Belt. It also has a major joint-venture with Newcrest Mining in Papua New Guinea.

In 2020, Harmony raised a whopping $200 million to partially fund a key acquisition of AngloGold’s assets in its home country. The deal is expected to more-than-triple its gold production to as much as 1.8 million ounces per year.

In March of 2020, Harmony dropped to a low of $1.93 in March as a result of the wider market downturn, but it soared by 260% in a matter of months, now trading at a high of $6.95 per share before falling back to today’s price of $4 per share.

Sociedad Química y Minera de Chile (NYSE:SQM) has seen its stock price nearly double from $30 in mid-February 2020 to its current price of $56.14. Sociedad Química y Minera, for example, signed in December a long-term supply deal with LG Energy Solution, which in turn supplies batteries to carmakers such as Tesla and GM. Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.

The Chilean firm also announced a capital increase of up to US$1.1 billion, most of which will be used for lithium carbonate expansion in Chile, where SQM plans to more than double its production. Sociedad Química y Minera sees the lithium industry growing at around 20 percent per year in the long term, supported by rising EV sales and emission reduction goals from China to the United States.

While Freeport-McMoRan (NYSE:FCX) is primarily known for its significant copper mining operations, the resource giant also has a fair influx of gold as well. In fact, its Grasberg mine in Indonesia holds of the world's largest deposits of copper and gold. But that’s just scratching the surface of the miner’s global assets. Freeport-McMoRan also has extensive operations across the Americas, including mines in Arizona, Mexico and Peru.

Though its business struggled as global demand for copper took a hit, panic-buying from China has lifted prices higher in recent months – and that’s good news for Freeport-McMoRan. In addition to climbing copper prices, gold prices hit record levels, which will add even more to the mining giant’s bottom line.

Freeport-McMoRan has had a solid year, with the price of its stock bouncing off a low of $5.31 back in March 2020 to a high of $36.65 today, representing a strong 590% gain for shareholders in just over a year’s time.

Kirkland Lake Gold (NYSE:KL) is an international mining company with a strong presence in Canada. It has been operating since 1983, and currently employs over 1000 people. Kirkland Lake produces gold at low production costs and offers investors the opportunity to participate in the growth of their company through its dividend reinvestment plan (DRIP).

Kinross is another one of Toronto’s finest gold miners. Though not quite as established as Barrick or Newmont, Kirkland is no stranger to striking headline grabbing deals in the industry. In fact, just recently, Kirkland and Newmont signed a $75 million exploration deal that could wind up being a game-changer for the industry. The two companies have agreed to split the cost 50/50 over five years with each company investing $15 million every year into joint projects between both companies for exploration purposes only – at this point it seems like a win.

In the past thirty years, Barrick Gold (NYSE:GOLD) has had a profound impact on the global economy. The company is an international gold mining corporation with headquarters in Toronto, Canada. It’s even drawn the attention of one of the world’s most renowned investors. After years of anti-gold rhetoric,, Warren Buffett, has finally changed his stance on precious metals. In an announcement last year, Berkshire Hathaway said it was buying half a billion dollars’ worth of Barrick Gold shares at a time when gold nearing its all-time highs This change in attitude towards gold by Buffett could affect how many other investors view it as an investment opportunity. Buffett’s investment in Barrick and change in tune on the gold front shouldn’t come as much of a surprise, however. As the future of the economy looks more-and-more uncertain, and the Federal Reserve continues to print money at a record rate, solid gold miners like Barrick have drawn a lot of attention for investors, especially considering the healthy dividend that comes with the purchase

Though First Majestic Silver (NYSE:AG, TSX:FR) recently took a significant blow, as a strong dollar weighed on precious metals resulting in a poor quarterly earnings report, there’s still a lot of bullishness surrounding the stock. Adding to the negative numbers, however, was a string of highly valuable acquisitions which are likely to turn around for the metals giant in the mid-to-long-term. And it’s already beginning to pay off, with First Majestic’s stock sitting comfortably above its 5-year trading average.

While its primary focus remains on silver mining, it does hold a number of gold assets, as well. Additionally, silver tends to follow gold’s lead when wider markets begin to look shaky. And with analysts sounding the alarms of a global economic slowdown, both metals are likely to regain popularity among investors. 

Wheaton Precious Metals Corp. (NYSE:WPM, TSX:WPM) is a company with its hands in operations all around the world. As one of the largest ‘streaming’ companies on the planet, Wheaton has agreements with 19 operating mines and 9 projects still in development. Its unique business model allows it to leverage price increases in the precious metals sector, as well as provide a quality dividend yield for its investors.

Recently, Wheaton sealed a deal with Hudbay Minerals Inc. relating to its Rosemont project. For an initial payment of $230 million, Wheaton is entitled to 100 percent of payable gold and silver at a price of $450 per ounce and $3.90 per ounce respectively.

Randy Smallwood, Wheaton's President and Chief Executive Officer explained, "With their most recent successful construction of the Constancia mine in Peru, the Hudbay team has proven themselves to be strong and responsible mine developers, and we are excited about the same team moving this project into production. Rosemont is an ideal fit for Wheaton's portfolio of high-quality assets, and when it is in production, should add well over fifty thousand gold equivalent ounces to our already growing production profile."

Pan American Silver (NASDAQ:PAAS, TSX:PAAS)is a world-class mining operation with active projects in Mexico, Peru, Canada, Bolivia and Argentina. Though silver has seen better days, it is still a favorite among investors stocking up on safe haven assets.

Last year, Pan American made a major acquisition of Tahoe Resources, absorbing the company’s issued and outstanding shares.  Michael Steinmann, President and Chief Executive Officer of Pan American Silver, said: "The completion of the Arrangement establishes the world's premier silver mining company with an industry-leading portfolio of assets, a robust growth profile and attractive operating margins. We are also now the largest publicly traded silver mining company by free float, offering silver mining investors enhanced scale and liquidity."

Sandstorm Gold Ltd (TSX:SSL) is a gold royalties company that follows in the footsteps of Wheaten Precious Metals, Franco-Nevada and the aforementioned Osisko Gold Royalties, giving investors a chance to cash in on this year’s gold boom while still maintaining some aversion to risk.  Though it has not had quite as an impressive of a year as some of its pure-mining peers, it has still posted some moderate returns, especially considering the state of the wider resource market.

Like other gold and resource companies, Sandstorm took a hit when it saw a number of its assets temporarily halt operations to prevent the further spread of COVID-19, but it has since clawed back some of its losses, and is on track to see further gains as its operations return to normal. In addition to its upwards trajectory, it’s also sitting on a healthy balance sheet. Nolan Watson, President and CEO of Sandstorm, explained, “We're excited at Sandstorm to have a strong balance sheet, a strong portfolio, and significant growth ahead. As at this moment, we are entirely debt-free. We have $52 million in the bank. These are good times for Sandstorm and I genuinely think they'll keep getting better. “

Osisko Gold Royalties Ltd (TSX:OR) has been particularly busy this year, scrambling to make the most out of gold’s unprecedented rally. It’s made headlines with a string of deals, especially surrounding its Cariboo gold project in central British Columbia. In fact, in early October it announced multiple new high grade discoveries at the project managed by Barkerville Gold Mines, a wholly owned subsidiary of Osisko.

The success at the Cariboo project also highlights the company’s commitment to working with the community in a sustainable fashion. Just recently, it signed an agreement with the Lhtako Dene Nation to ensure the protection of the land and water near the drilling locations.

Chris Pharness, Barkerville Gold Mines VP Sustainability and External Relations of BGM noted, “It has been an honor and a privilege to be welcomed in the community and to hear the hopes and aspirations that LDN leadership and members have for their people. Our core belief as a company is based in reciprocity and the understanding that projects of this scale require mutually beneficial relationships, opportunities and outcomes to succeed. Our agreement is a key underpinning of that philosophy and an example of what respectful, honest dialogue can achieve.”

By. Charles Kennedy

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ

CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that prices for gold, silver, copper, zinc and other base metals will retain their value in future as currently expected, or could continue to increase due to global demand and political reasons; that Starr Peak can fulfill all its obligations to acquire its Quebec properties; that Starr Peak’s property can continue to achieve drilling and mining success for gold and other metals; that historical geological information and estimations will prove to be accurate or at least very indicative; that high-grade targets exist; that Starr Peak will be able to carry out its business plans, including future exploration and drilling programs; that the preliminary drilling results will be confirmed as further exploration continues; that the lab results from Starr Peak’s initial exploration program will confirm evidence of a significant VMS deposit; that Starr Peak’s exploration results will gain the attention and interest of larger mining companies and investors; that Starr Peak’s exploration results will continue to show promising results justifying ongoing exploration and possible development efforts. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that politics don’t have nearly the strong effect on gold and other base metal prices as expected; that demand for base metals may not continue to increase; that the Company may not complete all its announced mineral property purchases for various reasons; that the Company may not be able to finance its intended drilling and exploration programs; Starr Peak may not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information or testing; that the lab results from Starr Peak’s initial exploration program may not support evidence of a significant VMS deposit; that the preliminary drilling results may not be confirmed during further exploration efforts; that Starr Peak will fail to gain the attention and interest of other mining companies and investors; that Starr Peak’s exploration results may fail to find additional promising results justifying ongoing exploration and/or development efforts; and despite promising results from drilling and exploration, there may be no commercially viable minerals or ore on Starr Peak’s property. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by Starr Peak but may in the future be compensated to conduct investor awareness advertising and marketing for TSXV:STE. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct. 

SHARE OWNERSHIP. The owner of Oilprice.com owns shares of Starr Peak and therefore has an additional incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.  

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. 

ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

Read this article on OilPrice.com

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at Mount Gibson Iron (ASX:MGX) so let's look a bit deeper.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Mount Gibson Iron is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.13 = AU$101m ÷ (AU$898m – AU$123m) (Based on the trailing twelve months to June 2021).

So, Mount Gibson Iron has an ROCE of 13%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 8.8% it's much better.

See our latest analysis for Mount Gibson Iron

In the above chart we have measured Mount Gibson Iron's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Mount Gibson Iron here for free.

What Does the ROCE Trend For Mount Gibson Iron Tell Us?

Mount Gibson Iron has recently broken into profitability so their prior investments seem to be paying off. The company was generating losses five years ago, but now it's earning 13% which is a sight for sore eyes. Not only that, but the company is utilizing 80% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

The Bottom Line

Long story short, we're delighted to see that Mount Gibson Iron's reinvestment activities have paid off and the company is now profitable. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 84% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.

On a final note, we found 4 warning signs for Mount Gibson Iron (1 makes us a bit uncomfortable) you should be aware of.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

RADNOR, PA / ACCESSWIRE / September 18, 2021 / The law firm of Kessler Topaz Meltzer & Check, LLP announces to Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ:PLL) ("Piedmont") investors that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period").

Deadline Reminder: Investors who purchased or acquired Piedmont securities during the Class Period may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; via e-mail atinfo@ktmc.com; orclick https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont

Piedmont engages in the exploration and development of resource projects. Piedmont primarily holds a 100% interest in a lithium project covering 2,322 acres in the North Carolina. Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina.

The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which reported the following, in pertinent part, regarding Piedmont's regulatory issues in North Carolina: (1) Piedmont had not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so; (2) five of the seven members of the county's board of commissioners, who control zoning changes, said they may block or delay the project; and (3) Piedmont had been set to meet with commissioners in March, but canceled with three days' notice, further straining the relationship.

Following this news, Piedmont shares fell $12.56 per share over the trading day, or nearly 20%, to close at $50.52 per share on July 20, 2021.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business did not have "strong local government support"; and (5) as a result, the defendants' public statements were materially false and/or misleading at all relevant times.

Piedmont investors may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

SOURCE: Kessler Topaz Meltzer & Check, LLP

View source version on accesswire.com:
https://www.accesswire.com/664592/PLL-ALERT-Kessler-Topaz-Meltzer-Check-LLP-Reminds-Investors-of-Securities-Fraud-Class-Action-Lawsuit-Filed-Against-Piedmont-Lithium-Inc

BHP, Rio Tinto, Anglo American, Glencore, and Vale are now more disciplined in their spending and more vital for renewable power.

TORONTO, Sept. 17, 2021 /CNW/ – Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that UEX Corporation ("UEX") has repaid the interest-free 90-day term loan provided to UEX by Denison in connection with UEX's purchase of JCU (Canada) Exploration Company, Limited ("JCU") (the "Term Loan", see Denison news release from August 3, 2021). On the transfer of 50% of the shares in JCU from UEX to Denison, completed on August 3, 2021, $20.5 million of the amount drawn under the Term Loan was deemed repaid by UEX. The balance of the Term Loan, of $20.45 million, was repaid in cash by UEX today. View PDF version.

David Cates, President and CEO of Denison, commented, "Denison congratulates UEX on their recent financing and repayment of the Term Loan. We are looking forward to working with UEX on Denison's flagship Wheeler River project and the various other projects that make up JCU's unique and valuable portfolio of strategic Canadian uranium interests."

In connection with the repayment, Denison has agreed to release its security for the Term Loan, including the pledge of all of the shares of JCU owned by UEX.

About Denison

Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture ("MLJV"), which includes several uranium deposits and the McClean Lake uranium mill that is contracted to process the ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest Main and Midwest A deposits, and a 66.90% interest in the Tthe Heldeth Túé ("THT," formerly J Zone) and Huskie deposits on the Waterbury Lake property. Each of Midwest Main, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.

Through its 50% ownership of JCU, Denison also holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU 30.099%), the Kiggavik project (JCU 33.8123%) and Christie Lake (JCU 34.4508%).

Denison is also engaged in mine decommissioning and environmental services through its Closed Mines group (formerly Denison Environmental Services), which manages Denison's Elliot Lake reclamation projects and provides post-closure mine care and maintenance services to a variety of industry and government clients.

Follow Denison on Twitter @DenisonMinesCo

Cautionary Statement Regarding Forward-Looking Statements

Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'. In particular, this news release contains forward-looking information pertaining to Denison's expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners.

Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. Denison believes that the expectations reflected in this forward-looking information are reasonable and no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in the Annual Information Form dated March 26, 2021 under the heading "Risk Factors". These factors are not, and should not be construed as being exhaustive.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/denison-receives-20-45-million-from-uex-to-settle-loan-from-jcu-transaction-301379853.html

SOURCE Denison Mines Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/17/c1661.html

SAN FRANCISCO, CA / ACCESSWIRE / September 18, 2021 / Hagens Berman urges Piedmont Lithium Inc. (NASDAQ:PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021

Lead Plaintiff Deadline: Sept. 21, 2021

Visit:www.hbsslaw.com/investor-fraud/PLL

Contact An Attorney Now:PLL@hbsslaw.com

844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company "cannot be trusted" to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

"We're focused on investors' losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com:
https://www.accesswire.com/664577/PLL-3-DAY-DEADLINE-ALERT-Hagens-Berman-Alerts-Piedmont-Lithium-PLL-Investors-to-September-21st-Deadline-in-Securities-Class-Action-Encourages-Investors-with-Losses-to-Contact-Firms-Attorneys-Now

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So should Great Western Exploration (ASX:GTE) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Great Western Exploration

How Long Is Great Western Exploration's Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at June 2021, Great Western Exploration had cash of AU$5.2m and no debt. Looking at the last year, the company burnt through AU$2.5m. Therefore, from June 2021 it had 2.1 years of cash runway. That's decent, giving the company a couple years to develop its business. Depicted below, you can see how its cash holdings have changed over time.

How Is Great Western Exploration's Cash Burn Changing Over Time?

While Great Western Exploration did record statutory revenue of AU$81k over the last year, it didn't have any revenue from operations. That means we consider it a pre-revenue business, and we will focus our growth analysis on cash burn, for now. During the last twelve months, its cash burn actually ramped up 71%. Oftentimes, increased cash burn simply means a company is accelerating its business development, but one should always be mindful that this causes the cash runway to shrink. Great Western Exploration makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Great Western Exploration Raise More Cash Easily?

Given its cash burn trajectory, Great Western Exploration shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Since it has a market capitalisation of AU$29m, Great Western Exploration's AU$2.5m in cash burn equates to about 8.5% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Great Western Exploration's Cash Burn?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Great Western Exploration's cash burn relative to its market cap was relatively promising. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. On another note, we conducted an in-depth investigation of the company, and identified 5 warning signs for Great Western Exploration (2 don't sit too well with us!) that you should be aware of before investing here.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

New York, New York–(Newsfile Corp. – September 18, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL) (NASDAQ: PLLL) between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"), of the important September 21, 2021 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased Piedmont securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont, and its lithium business, does not have "strong local government support"; and (5) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96914

CEO Rui Feng has done a decent job of delivering relatively good performance at Silvercorp Metals Inc. (TSE:SVM) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 24 September 2021. However, some shareholders will still be cautious of paying the CEO excessively.

See our latest analysis for Silvercorp Metals

How Does Total Compensation For Rui Feng Compare With Other Companies In The Industry?

According to our data, Silvercorp Metals Inc. has a market capitalization of CA$931m, and paid its CEO total annual compensation worth US$3.4m over the year to March 2021. We note that's an increase of 32% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at US$743k.

On examining similar-sized companies in the industry with market capitalizations between CA$510m and CA$2.0b, we discovered that the median CEO total compensation of that group was US$1.1m. This suggests that Rui Feng is paid more than the median for the industry. What's more, Rui Feng holds CA$30m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

On an industry level, around 86% of total compensation represents salary and 14% is other remuneration. It's interesting to note that Silvercorp Metals allocates a smaller portion of compensation to salary in comparison to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

Silvercorp Metals Inc.'s Growth

Over the last three years, Silvercorp Metals Inc. has shrunk its earnings per share by 4.3% per year. It achieved revenue growth of 28% over the last year.

Investors would be a bit wary of companies that have lower EPS On the other hand, the strong revenue growth suggests the business is growing. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has Silvercorp Metals Inc. Been A Good Investment?

Boasting a total shareholder return of 64% over three years, Silvercorp Metals Inc. has done well by shareholders. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

To Conclude…

Although the company has performed relatively well, we still think there are some areas that could be improved. We still think that some shareholders will be hesitant of increasing CEO pay until EPS growth improves, since they are already paid higher than the industry.

While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. That's why we did some digging and identified 2 warning signs for Silvercorp Metals that investors should think about before committing capital to this stock.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

MELBOURNE, Australia, September 17, 2021–(BUSINESS WIRE)–Rio Tinto Iron Ore chief executive Simon Trott joined WA Health Minister Roger Cook today to open the Tom Price COVID-19 vaccination clinic aimed at boosting vaccination rates in the Pilbara, Western Australia.

The clinic, set up in partnership with Rio Tinto, WA’s Department of Health, WA Country Health Service and the Shire of Ashburton, will operate from 9am to 6pm at the Tom Price Community Centre from today through to 21 September. It will return in the coming weeks to enable the community to receive their second dose of the vaccine.

Vaccination bookings are available for all people who live or are currently in the region, including local and Aboriginal communities, Rio Tinto employees, contractors and their families. Walk-in appointments will also be welcomed.

Vaccine supply is sufficient to vaccinate the entire population of Tom Price over the age of 12, which is estimated to be about 3,000 people.

The WA Department of Health is also taking bookings for the Paraburdoo clinic, which is set to open to the community at Ashburton Hall on 23 September.

Rio Tinto is working with the WA Government to establish similar clinics in Pannawonica and Dampier, and stands ready to provide logistical support as required to assist with the vaccination rollout in remote Aboriginal communities.

The vaccination hubs at Perth Airport (T2 and T3) will open from 11 October, targeting workers returning to Perth, with bookings open from 27 September via rollup.wa.gov.au.

Rio Tinto is pleased to announce that the hubs will be available to Rio Tinto’s FIFO workforce who regularly travel to and from the Pilbara, as well as Western Australia’s wider FIFO mining industry who wish to utilise the facilities.

For further information or to make an appointment, visit rollup.wa.gov.au.

Rio Tinto Iron Ore chief executive Simon Trott urged all eligible community members in Tom Price to ‘roll up for WA’ and play their part in boosting vaccination rates in the Pilbara.

"We urge the local community to take advantage of having the clinic on their doorstep, and make an appointment as soon as possible. At the end of this blitz, we would love for Tom Price to be the most vaccinated town in Australia which would be a terrific outcome.

"By setting up and running the clinic in Tom Price, it allows the Department of Health to free up resources that can be used to prioritise vaccinations in remote Aboriginal communities, which is a vital part of WA’s pathway out of the pandemic.

"Rio Tinto is proud to work with the WA Government on this important partnership and will continue to look at ways to help to boost vaccination rates across regional WA."

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005961/en/

Contacts

Please direct all enquiries to
Media.enquiries@riotinto.com

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Jamie Macdonald
M +61 467 725 517

Kate Barcham
M +61 438 990 238

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: Pilbara

Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Sept. 17, 2021 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX-V: SOI) (the “Corporation”) announces that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $350,000 (the “Unit Offering”). The Unit Offering consisted of the issuance of 3,500,000 units of the Corporation (the “Units”) at a price of $0.10 per Unit. Each Unit consists of one common share of the Corporation (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.15 per Common Share for a period of 18 months from the date of issuance thereof. The net proceeds from the sale of the Units will be mainly used by the Corporation to advance its Cheechoo gold project, as well as for general and corporate working capital purposes.

In addition, the Corporation is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered flow-through private placement for additional gross proceeds of approximately $98,996 (the “FT Offering” and, collectively with the Unit Offering, the “Offerings”). In connection with this FT Offering, the Corporation issued 824,967 common shares of the Corporation (the “FT Shares”) at a price of $0.12 per FT Share. The aggregate gross proceeds of the FT Offering, including the first tranche previously closed on August 31, 2021, are $886,468.

Each FT Share qualifies as a “flow-through share” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec). The qualifying expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2021. The net proceeds from the sale of the FT Shares will be used by the Corporation to incur eligible “Canadian exploration expenses” related to the Cheechoo, Aquilon and Maskwa gold projects of the Corporation located in Eeyou Istchee James Bay in the province of Quebec.

Finder’s fees totalling $16,280 were paid to finders in connection with the first and second tranches of the FT Offering. The Common Shares and the Warrants issued pursuant to the Unit Offering and the FT Shares issued pursuant to the second tranche of the FT Offering are subject to a restricted hold period ending on January 18^th, 2022. The Offerings remain subject to the final approval of the TSX Venture Exchange.

The President and Chief Executive Officer and a director of the Corporation have subscribed in the Unit Offering for a total of $45,000, which constitutes a “related party transaction” within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61-101”) and TSX Venture Exchange Policy 5.9 – Protection of Minority Security Holders in Special Transactions. However, the directors of the Corporation who voted in favour of the Unit Offering have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fair market value of the Units issued to insiders nor the fair market value of the consideration paid exceeded 25% of the Corporation’s market capitalization. None of the Corporation’s directors have expressed any contrary views or disagreements with respect to the foregoing. A material change report in respect of this related party transaction will be filed by the Corporation but could not be filed earlier than 21 days prior to the closing of the Unit Offering due to the fact that the terms of the participation of each of the non-related parties and the related parties in the Unit Offering were not confirmed.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Sirios Resources Inc.
Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Québec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.

Visit our website at www.sirios.com or contact:
Dominique Doucet, President, Eng.
514-918-2867
ddoucet@sirios.com

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 release.

Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offerings, the renunciation of the eligible “Canadian exploration expenses” by the Corporation in favour of the subscribers no later than December 31, 2021, the final approval of the TSX Venture Exchange in connection with the Offerings, the development of the Cheechoo, Aquilon and Maskwa projects and, generally, the above “About Sirios Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavors to develop the Cheechoo, Aquilon and Maskwa projects and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Friday

It's another red day on Wall Street with all three major indexes lower. As of 11:28 AM eastern time, the Dow Jones index is down around 0.48%, the S&P 500 is 0.73% lower, and the NASDAQ has fallen around 0.87%. With a Federal Reserve meeting next week and September being a historically volatile month, it seems that some investors are a little bit more cautious than usual.

Some important stocks that are on the move on Friday include Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), BeiGene, Ltd. (NASDAQ:BGNE), BHP Group (NYSE:BBL), Thermo Fisher Scientific Inc. (NYSE:TMO), and SmileDirectClub, Inc. (NASDAQ:SDC), among others discussed in detail in this article.

Let's examine why each stock is trending and how elite funds are positioned among them.

Photo by Austin Distel on Unsplash

Why do we care about hedge fund fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

10. Lucid Group, Inc. (NASDAQ: LCID) shares continued their hot streak from yesterday with another 7% rally on Friday.

The electric car maker has momentum due to the EPA this week having given Lucid Group, Inc. (NASDAQ: LCID)'s Dream Air edition vehicle a range of 520 miles, the longest of any electric car that the agency has rated. Some analysts are bullish too. John Murphy of Bank of America said of Lucid on Thursday, "I think it's somewhat somewhere between a combination of Tesla and Ferrari." Murphy has a $30 price target.

For the filing period ended June 30, 2021, Philippe Laffont's Coatue Management owned more than 3.5 million shares of Lucid Group, Inc. (NASDAQ: LCID).

Like Moderna, Inc. (NASDAQ: MRNA) and Thermo Fisher Scientific Inc. (NYSE:TMO), Lucid Group, Inc. (NASDAQ: LCID) is on the move on Friday.

9. BeiGene, Ltd. (NASDAQ:BGNE) stock has rallied more than 4% after after the company announced it received positive CHMP opinion for Zanubrutinib for the potential treatment of adults with Waldenström’s Macroglobulinemia. After the positive CHMP positive opinion, the European Commission will need to consider BeiGene, Ltd. (NASDAQ:BGNE)'s marketing application for the drug candidate with a final decision expected within 67 days of receipt of the CHMP opinion. For the latest 13F filing period, Julian Baker And Felix Baker's Baker Bros. Advisors owned 11,668,897 shares of BeiGene, Ltd. (NASDAQ:BGNE), worth more than $4 billion as of June 30, 2021.

8. BHP Group (NYSE:BBL) is down around 4.5% due to weakness in iron ore prices.

Iron ore prices have weakened due to China pledging to limit steel output to better control carbon emissions. Iron ore accounts for a substantial part of BHP Group (NYSE:BBL)'s total business and China has been a major importer of iron ore. Although UBS analysts expect iron prices to slide below $100 a ton by 2021, they think China's decline in steel production could be due to the weak property market in the country.

Of the around 873 elite funds we track, 24 were long BHP Group (NYSE:BBL) at the end of Q2, 2021.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID) and Thermo Fisher Scientific Inc. (NYSE:TMO), BHP Group (NYSE:BBL) is on the move on Friday.

7. Thermo Fisher Scientific Inc. (NYSE:TMO) shares have surged more than 8% after the company announced that it sees adjusted EPS of $21.16 for FY22 versus the consensus of $19.68. Thermo Fisher Scientific Inc. (NYSE:TMO) also sees FY22 revenue of $40.3 billion, which is also higher than the consensus fo $34.29 billion.

Of the around 873 elite funds we track, 87 were long Thermo Fisher Scientific Inc. (NYSE:TMO) in the second quarter, up from 79 in the first quarter.

6. SmileDirectClub, Inc. (NASDAQ:SDC) is up around 12.8% despite there being no fundamental news and the market being relatively weak. One potential reason could be Reddit traders, who have moved in and out of highly shorted stocks in the past. SmileDirectClub, Inc. (NASDAQ:SDC) has a short float of around 33%.

In terms of the funds we track, 19 elite funds were long SmileDirectClub, Inc. (NASDAQ:SDC) in Q2 2021, down 2 from the prior quarter.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), Thermo Fisher Scientific Inc. (NYSE:TMO) and BHP Group (NYSE:BBL), SmileDirectClub, Inc. (NASDAQ:SDC) is making moves on Friday. Click to continue reading and see Why These 5 Stocks Are On the Move on Friday. Suggested articles

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Disclosure: None.

The article Why These 10 Stocks Are On the Move on Friday was originally published on Insider Monkey.

NEW YORK, September 17, 2021–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Piedmont Lithium Inc. ("Piedmont Lithium" or the "Company") (NASDAQ: PLL) in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired Piedmont Lithium securities between March 16, 2018 and July 19, 2021, both dates inclusive (the "Class Period"). Investors have until September 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On July 20, 2021, before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors." Among other things, the article reported that "[t]he company […] has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so." The article went on to report that "[f]ive of the seven members of the county’s board of commissioners, who control zoning changes, say they may block or delay the project[.]"

On this news, Piedmont shares fell $12.56 per share over the trading day, or nearly 20%, to close at $50.52 per share on July 20, 2021.

The complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (ii) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (iii) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (iv) Piedmont and its lithium business does not have "strong governmental support"; and (v) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

If you purchased or otherwise acquired Piedmont Lithium shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210917005547/en/

Contacts

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com