The Mosaic Company MOS recently announced that its board has approved a new $1 billion share buyback authorization. This replaces the earlier authorization which had $700 million of the original $1.5 billion remaining.

The updated authorization highlights Mosaic's constant focus on a balanced utilization of excess capital that includes returning capital to stockholders.

The company recently completed the previously announced early redemption of $450 million in notes that were due November 2021. This reflects the first step toward achieving the company's objective of retiring $1 billion of debt over time. It expects to meet the debt retirement objective and execute share buybacks utilizing strong cash flow generated this year and beyond.

Mosaic has raised and extended its committed line of credit. The five-year, $2.5 billion facility matures in November 2026 and replaces the $2.2 billion line of credit maturing in November 2022. This increase in size provides more security and flexibility as well as reflects growth in the business.

The company noted this share repurchase authorization reflects its ongoing commitment to balanced capital allocation. The successful transformation of business has allowed it to invest in growth, strengthen the balance sheet and return capital to shareholders. With an improving cost position and balance sheet, the company is well-poised for the future.

Shares of Mosaic have gained 70.4% in the past year compared the industry’s growth of 43.4%.

Image Source: Zacks Investment Research

Mosaic, in its last earnings call, stated that it expects strong agricultural trends to continue through the second half of 2021, driving demand for fertilizers. Grower economics remain attractive in most global growing regions on strong crop demand, affordable inputs and favorable weather.

The company predicts $90-$100 per ton improvement in average realized price in the Phosphates segment sequentially in the third quarter. For the Potash segment, $25-$35 per ton improvement in average realized prices is expected in the third quarter.

The Mosaic Company Price and Consensus

The Mosaic Company price-consensus-chart | The Mosaic Company Quote

Zacks Rank & Other Key Picks

Mosaic currently flaunts a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the basic materials space are Nucor Corporation NUE, Dow Inc. DOW and Cabot Corporation CBT.

Nucor has a projected earnings growth rate of around 489.2% for the current year. The company’s shares have soared 160.4% in a year. It currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Dow has an expected earnings growth rate of around 403.01% for the current year. The company’s shares have gained 34.5% in the past year. It currently flaunts a Zacks Rank #1.

Cabot has an expected earnings growth rate of around 138.5% for the current fiscal. The company’s shares have rallied 34.7% in the past year. It currently carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nucor Corporation (NUE) : Free Stock Analysis Report

Dow Inc. (DOW) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Figure 1: Goose Site Layout

Figure 1: Goose Site Layout

Figure 2: IFC Plant site layout

Figure 2: IFC Plant site layout

Figure 3: Umwelt UG Exploration Portal

Figure 3: Umwelt UG Exploration Portal

Figure 4: Inside Umwelt UG Exploration Portal

Figure 4: Inside Umwelt UG Exploration Portal

Figure 5: Umwelt UG Portal and Decline and supporting shop structures built this year

Figure 5: Umwelt UG Portal and Decline and supporting shop structures built this year

Figure 6: Road Work Construction and Plant Laydown Area

Figure 6: Road Work Construction and Plant Laydown Area

Figure 7: MV Nunalik loading at Becancour, Quebec departed August 11, 2021 to Port Facility

Figure 7: MV Nunalik loading at Becancour, Quebec departed August 11, 2021 to Port Facility

Figure 8: Accommodation Complex units being loaded

Figure 8: Accommodation Complex units being loaded

Figure 9: Fuel Containment Liner for 10 million litre tank at Port facility

Figure 9: Fuel Containment Liner for 10 million litre tank at Port facility

Figure 10: Equipment off loaded

Figure 10: Equipment off loaded

VANCOUVER, British Columbia, Aug. 24, 2021 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to report on progress on pre-construction activities for its proposed Goose Mine on the 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada.

“Tremendous work has been completed during the first nine months of 2021 as we propel the Project towards a production decision,” said Bruce McLeod, President & CEO. “We have been advancing the underground exploration ramp at Umwelt, have completed critical civil works at the Goose site, and have prepared the Sabina Port facility to receive the largest sealift planned to date, which is now offloading the first ship. We have also completed detailed engineering and received issued for construction drawings for the process plant. In parallel we continue to work towards Project financing in order to make a production decision.”

Our Back River camps are working safely under Sabina’s COVID-19 Protocol Operational Framework. Sabina continues to engage with relevant authorities to modify protocols based on new information to ensure our measures are protective. Testing remains in place for all upon deployment and once on site. To date there have been zero cases of COVID-19 or any variants at camp.

Over the last 17 months, as a result of Territorial regulation, Sabina has been unable to utilize any of our Inuit employees. For those long-term employees, we have maintained a food support program during this time. The Company is now in discussions with the Government of Nunavut and the Government of Northwest Territories on a back to work program that will safely see our Inuit employees back at work at Back River in the near future.

Project Development Update

Engineering and Procurement

Sabina has continued to advance engineering activities for the plant process component and has now finalized these issued for construction (“IFC”) packages with Sacre Davey. The Company has also progressed detailed engineering on the balance of the plant and ancillary facilities.

Additionally, detailed engineering design for the Goose fuel farm is complete. Detailed design of site-wide water management structures such as the plant site pond, emergency discharge pond and creek crossings are anticipated by the end of 2021.

Sabina has also advanced vendor certified engineering drawings (“CE”) packages with FLSmidth for all process plant equipment, Toromont for the main power generation and Industrial Equipment Manufacturing for conveyor and tower packages. A contract to provide drawings for the recently purchased permanent accommodation complex is also underway. Armtec Inc. has been contracted to design and supply a multiplate tunnel feature below the fine ore stockpile. In addition to the CE drawings FLSmidth is providing, Sabina has procured several long lead items for the crushing plant, all enroute to the Port Facility via the current sealift program.

The Company has submitted all IFC packages to CGT Industrial, a prominent Arctic constructor, who are completing their scope and constructability review which will culminate in a fixed price lump sum bid with price certainty on all direct & indirect manhours with a commodity rise & fall mechanism. The rise and fall mechanism is required at this time due to current market volatility, remaining vendor pricing validity and timing of project financing. Tentative submission of this proposal is expected at the end of Q3 2021.

Sabina has purchased the design packages for the process plant and truck shop structures along with associated cranes and materials, which are enroute to the Port facility via the sealift program.

Sabina has also procured the phase 1 open pit mining equipment required for early stripping which has the first pieces have now arrived at our Port facility.

Sabina’s procurement strategy in 2021 has focused on supporting the following critical path activities, which are targeted to be completed in 2022:

1. Have sufficient civil works completed such that concrete foundations can be commenced for the process plant and truck shop, and that the permanent camp laydown area is of sufficient size to install the permanent camp complex;

2. Have all equipment in place by YE 2021, in preparation for a decision to commence construction of a winter ice road, working from both the Goose and Port sites; and

3. Ensure the open pit mining fleet is available to begin work in Q2 2022.

Figure 1: Goose Site Layout
https://www.globenewswire.com/NewsRoom/AttachmentNg/fcb14cac-3993-4389-b5a0-6bfbbbea3867

Figure 2: IFC Plant site layout
https://www.globenewswire.com/NewsRoom/AttachmentNg/e737fd9c-2d9b-4bb4-9137-88687a60a65f

Umwelt Exploration Ramp

After the successful completion of the box cut for establishing a portal face, Sabina’s underground (“UG”) exploration decline team focused on establishing services and commissioning of the mining equipment utilizing the newly erected portal area workshop. Sabina’s first UG portal blast occurred on May 31^st and underground development is well underway with the portal entrance and 130 meters of development completed by Sabina’s development crews.

Figure 3: Umwelt UG Exploration Portal
https://www.globenewswire.com/NewsRoom/AttachmentNg/b1ec94cd-0559-493e-b146-b2ad3bf9a313

Figure 4: Inside Umwelt UG Exploration Portal
https://www.globenewswire.com/NewsRoom/AttachmentNg/895a8bd7-bea8-462f-8710-41d5142c55a5

Figure 5: Umwelt UG Portal and Decline and supporting shop structures built this year
https://www.globenewswire.com/NewsRoom/AttachmentNg/b53ef41f-755f-4408-98c9-1de926f6c163

Sabina has completed the UG workshop and dry storage areas. The heated workshop is equipped with a dedicated generator system and mine load centers used to power the underground development, a compressed air system, offices, tool crib, hose fabrication room and a worker’s dry.

Pre-development Construction Activities

Sabina’s site crew and earthworks contractor have focused on upgrading roads, infrastructure, building laydown pads and crushing and screening activities. To date, 10,000m³ of esker material has been harvested from a nearby site location which will be used for the preparation of concrete aggregates and pond liner underlay.

The earthworks contractor is a Kitikmeot qualified business and has been engaged to complete the drill/blast rough grading program at the plant site area. The team is currently moving ahead with the rough grading of the plant site area, and pad area for permanent fuel storage tanks which will eventually be used to store fuel for the entire site.

Figure 6: Road Work Construction and Plant Laydown Area
https://www.globenewswire.com/NewsRoom/AttachmentNg/1e8b443f-da43-4383-96b2-d018fc68f98e

Sealift

Sabina’s sealift this season is in excess of 25,000 revenue tons, including two vessels from Becancour, Quebec and six barges from Hay River, NWT. At the consolidation points, the team successfully completed the collection and seaworthy packaging of all equipment to ensure safe transport. The vessels and barges are in motion and the first ship has reached the Port facility and has commenced offloading operations. To facilitate the sealift, Sabina has prepared laydown storage areas at and fuel tank containment at the Port site with all sealift activities anticipated to be completed by the end of September.

The cargo is comprised of cement, ammonium nitrate, mining equipment, tires, spares and lubes, winter ice road construction and transport equipment, multiplate tunnels, creek crossing culvert, building foundation and erection construction equipment steel and plates and the permanent accommodation facilities.

Figure 7: MV Nunalik loading at Becancour, Quebec departed August 11, 2021 to Port Facility
https://www.globenewswire.com/NewsRoom/AttachmentNg/6f4c270c-9250-4a8c-b36d-a368073df3ab

Figure 8: Accommodation Complex units being loaded
https://www.globenewswire.com/NewsRoom/AttachmentNg/333d6af9-f274-41a5-8bf7-618d7a836a39

Figure 9: Fuel Containment Liner for 10 million litre tank at Port facility
https://www.globenewswire.com/NewsRoom/AttachmentNg/1e8c98da-8850-4ff3-8970-e860cf6f2c12

Figure 10: Equipment off loaded
https://www.globenewswire.com/NewsRoom/AttachmentNg/b5cf4ca7-f91b-437e-b889-2b82b1aebbc1

Click here for photo gallery of site activities and procured equipment.

https://www.sabinagoldsilver.com/assets/docs/Picture%20Gallery%20August%202021.pdf

Alternative Energy Opportunity

Since 2019, Sabina has been working on alternate energy opportunities including wind, solar and battery configurations that would reduce the reliance on diesel for power generation. Sodar (wind condition testing units) have been in place at site for 2 years with results showing that the Goose Project shows excellent potential for the installation of wind turbines for power generation. Sabina is working with a large-scale alternative energy provider and is commencing advanced studies which if successful may ultimately see Back River utilize a wind-battery-generator power combination.

Qualified Persons

Mr. Vincy Benjamin, P. Eng., and Director of Engineering for Sabina, is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved of the technical content of this press release as it relates to the Back River Project.

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

Forward Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws (the “forward-looking statements”), including, but not limited to, statements related to the expected use of proceeds of the Offering and the projections and assumptions of the results of the UFS. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the uncertainty of production, development plans and costs estimates for the Back River Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs; the interpretation of drill, metallurgical testing and other exploration results; the ability of the Company to retain its key management employees and skilled and experienced personnel; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; the effects of general economic conditions, commodity prices, changing foreign exchange rates and actions by government and regulatory authorities; and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with exploration and project development; the need for additional financing; the calculation of mineral resources and reserves; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; government regulation; obtaining and renewing necessary licenses and permits; environmental liability and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers or directors; the absence of dividends; currency fluctuations; labour disputes; competition; dilution; the volatility of the our common share price and volume; future sales of shares by existing shareholders; and other risks and uncertainties, including those relating to the Back River Project and general risks associated with the mineral exploration and development industry described in our Annual Information Form, financial statements and MD&A for the fiscal period ended December 31, 2020 filed with the Canadian Securities Administrators and available at www.sedar.com. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Bruce McLeod, President & CEO
Suite 1800 – Two Bentall Centre
555 Burrard Street
Vancouver, BC V7X 1M7
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com

RADNOR, Pa., Aug. 24, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) (“Piedmont”) 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 at info@ktmc.com; or click 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

SUDBURY, ON / ACCESSWIRE / August 24, 2021 / Northern Superior Resources ("NorthernSuperior" or the "Company") (TSXV:SUP)(OCTQB:NSUPF) is pleased to announce that the Company has initiated it's 2,530 m, 220 hole reverse circulation (RC) drilling program on it's large (30km by 15km, 12,545 hectare), 100% owned Croteau Est gold property, Quebec. The purpose of this program, as previously announced (see Northern Superior press release July 20, 2021) is to define the northern and eastern extension of the gold "footprint" associated with the NI 43-101 compliant (640,000 ounce at 1.7 g/t gold inferred) CBSZ gold deposit.

To test the economic viability of this larger footprint, the RC program is designed to address three primary areas:

1. Accurately determine the distribution and lithogeochemistry of the three primary lithological units (Croteau-Bouchard Shear Zone and gold deposit [CBSZ], Croteau North Shear Zone [CNSZ] and intervening tuffaceous sediments);

2. Determining if the package of primary lithological units should be considered as an economic target in addition to just the CBSZ; and

3. Determining the extension of these three units past the Croteau Fault and how both the Croteau Fault and Croteau Deformation Zone may play a role in gold mineralization within this system.

To address these, the RC program will cover two rectangular areas with RC holes in each spaced 50x 100 apart (Figure 1). The first and most easterly rectangle consists of approximately 184 RC holes and covers an area of approximately 600m by 1km. The second rectangle, directly west of the first, consists of 36 holes and covers an area of approximately 450m x 400m. Each RC hole will penetrate into the bedrock surface 1.5m. The lower basal till (overburden material lying directly over bedrock) and bedrock chips will be collected. The basal till will be processed for gold grains and geochemical analysis. The lithology and geochemistry of the bedrock chips will be determined.

The area to be drilled includes both the CBSZ and CNSZ and the intervening area of tuffaceous sediments. Also captured is the projected northeast extension of quartz porphyry dykes thought critical to high grade gold mineralization associated with the CBSZ mineral resource. In addition, sections of the Croteau Fault and Croteau Deformation Zone occur within the eastern side of the RC test area (Figure 1).

Within the areas to be drilled are anomalous gold grain-in-till, (Figure 2), mobile metal ion (Figure 3) and soil gas hydrocarbon signatures (Figure 4). The size and intensity of these anomalous values will be tested from the results of this program, important in defining specific target areas within the system.

Dr. T.F. Morris, President and CEO states: "We are excited to have this program underway and have observed excellent progress to date. This RC program is a cost effective and efficient method of testing the potential viability of a broader gold target north and east of the CBSZ."

"It is important to note that the Croteau Est property is a large 30km by 15km land package and already has a 640,000 oz 1.7g/t gold inferred resource on a very small portion of its land package with, the remainder of this property under explored. With success from this RC program we see potential to step out further onto our numerous regional targets on the property (see Figure 5)."

"We look forward to reporting on the results of this program as they become available."

CBSZ

The CBSZ is a gold deposit consisting of high-grade gold material, existing within a large alteration system The potential extension of the high-grade shoots at depth remains a compelling target with a supportive geological model as witnessed by our 96 percent success rate with our Phase II 2017 drill program.

The CBSZ gold deposit is currently defined from only 64 drill holes, 350m maximum depth over a 550m strike length, open at depth and open along strike both to the east and west. Within the CBSZ, gold is hosted in a 75-120m wide, east-west trending sericite-carbonate alteration zone and associated stockwork quartz veins. The system remains open along strike, east and west and also at depth.

Evidence for high grade gold material associated with the CBSZ comes from various sources (Table 1): bedrock grab samples (see Northern Superior press releases July 20, 2011, November 12, 2013), channel samples (see Northern Superior press releases, October 12, 2011, July 5, 2017) and core drilling (see Northern Superior press release November 13, 2017, January 10, 2018).

Table 1. Examples of various materials with high grade gold assays

Gold within the CBSZ is associated with at least 9 high grade gold shoots. All 9 high grade gold shoots are of mineable width and grade, dip to the east and are contiguous, as evidenced by the 96% hit rate experienced in the Company's 2017 core drill program (see Northern Superior Corporate Presentation, www.nsuperior.com). The mineralization was proven to extend directly to surface by projecting the shoots to surface and exposing it. This shoot consisted of two zones of >10g/t Au, 2.5m (long) x 2.0 m (wide) and 2.0m (long) x 0.5m (wide), enclosed by a halo of >5g/t Au, 7.0m (long) x 2.5m (wide) in turn enclosed by a halo of gold mineralization of >3g/t Au over an area of 8.0m (long) x 3.0m (wide)(see Northern Superior press release, November 3, 2014).

* Reference for Northern Superior's 640,000 ounce Inferred Gold Resource: "Drabble, Mark (B. App. Sci. (Geology), MAIG, MAusIMM); Glacken, Ian (BSc Hons (Geology), FAusIMM (CP), MIMMM, CEng; Kahan, Cervoj (B. App. Sci., MAIG, MAusIMM); Morgan, Rebecca (BSc Hons (Geology), GDip (Mining), MAIG, MAusIMM). October 12, 2015. Technical Report on the Croteau Est Gold Project, Québec September 2015, Mineral Resource Estimate."

Qualified Person

T.F. Morris (PhD, P.Geo., FGAC, ICD.D) is a Qualified Person ("QP") within the meaning of National Instrument 43-101. Dr. Morris has reviewed, and approved information disclosed in this press release.

About Northern Superior Resources Inc.

The Croteau Est gold property is one of three key mineral properties 100% owned by Northern Superior. The Company's two other properties (TPK and Lac Surprise) also represent regional scale exploration opportunities (see Northern Superior Corporate Presentation, www.nsuperior.com).

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB Venture Market under the symbol NSUPF.

For Further Information

Please refer to Northern Superior news available on the Company's website (www.nsuperior.com) and on SEDAR (www.sedar.com) or contact:

Thomas F. Morris PhD., P.Geo., FGAC , ICD.D
President and CEO
Tel: (705) 525 ‐0992 Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com

Cautionary Note Regarding Forward-Looking Statements

This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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.

Figure 1. Location of the RC grids. The drill areas capture several key lithological and structural units including the CBSZ and CNSZ and intervening tuffaceous units plus quartz-feldspar porphyry dykes (QFP), the Croteau Fault and Deformation Zone. See text for details.

Figure 2. Gold grain-in-till anomalies derived from surface overburden sampling and basal tills sampled from RC programs. A basal till sample collected immediately down-ice from an exposed high grade shoot yielded 877 gold grains, 844 of which were pristine grains (96%) indicating very close proximity to source. The RC basal till associated with RC hole CRO15-186 yielded 244 gold grains, 172 of which were pristine (70%). This on its own is a very compelling target as the background value for gold grains in this area is close to 1.

Figure 3. Mobile metal ion gold signature (MMI: areas of red). Note the strong MMI anomaly associated with the CBSZ where the QFP dykes occur. This makes the large red MMI anomaly in the northwest part of the RC grid particularly compelling.

Figure 4. Soil gas hydrocarbon gold anomalies (SGH: areas of dark red). Interestingly, the CBSZ does not have a significantly large SGH signature. However, the RC grid contains several very large and strong SGH signatures.

Figure 5. The CBSZ 43-101 compliant resource occurs at the intersection of the east to west oriented Croteau Bouchard Shear Zone and the northeast to southwest oriented Croteau Fault. There are at least 11 other such opportunities that occur on the Croteau Est property where east-west oriented shear zones are cross-cut by northeast to southwest faults. Gold showings at several of these intersections including Trench 101, Area # 5 and Croteau South emphasize this opportunity.

SOURCE: Northern Superior Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/660923/Northern-Superior-Initiates-Reverse-Circulation-Drill-Program-Testing-Expansion-CBSZ-NI-43-101-Compliant-640000-Ounces-Gold-17gt-Gold-Resource-Croteau-Est-Property-Chapais-Chibougamau-Gold-Camp

NEW YORK, NY / ACCESSWIRE / August 24, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Stable Road Acquisition Corp. (NASDAQ:SRAC)

CONTACT JAKUBOWITZ ABOUT SRAC:
https://claimyourloss.com/securities/stable-road-acquisition-corp-loss-submission-form/?id=18915&from=1

Class Period: October 7, 2020 – July 13, 2021

Lead Plaintiff Deadline: September 13, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) Stable Road's acquistion target, Momentus's 2019 test of its key technology, a water plasma thruster, had failed to meet Momentus's own public and internal pre-launch criteria for success, and was conducted on a prototype that was not designed to generate commercially significant amounts of thrust; (b) the U.S. government had conveyed that it considered Momentus's Chief Executive Officer a national security threat, jeopardizing his continued leadership of Momentus and Momentus's launch schedule and business prospects; (c) consequently, the revenue projections and business and operational plans provided to investors regarding Momentus and the commercial viability and timeline of its products were materially false and misleading and lacked a reasonable basis in fact; and (d) Stable Road had failed to conduct appropriate due diligence of Momentus and its business operations and defendants had materially misrepresented the due diligence activities being conducted by Stable Road executives and its sponsor in connection with the merger.

CarLotz, Inc. (NASDAQ:LOTZ)

CONTACT JAKUBOWITZ ABOUT LOTZ:
https://claimyourloss.com/securities/carlotz-inc-loss-submission-form/?id=18915&from=1

Class Period: December 30, 2020 – May 25, 2021

Lead Plaintiff Deadline: September 7, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to a surge in inventory during the second half of fiscal 2020, CarLotz was experiencing a "logjam" resulting in slower processing and higher days to sell; (2) as a result, the Company's gross profit per unit would be negatively impacted; (3) to minimize returns to the corporate vehicle sourcing partner responsible for more than 60% of CarLotz's inventory, the Company was offering aggressive pricing; (4) as a result, CarLotz's gross profit per unit forecast was likely inflated; (5) this Company's corporate vehicle sourcing partner would likely pause consignments to the Company due to market conditions, including increasing wholesale prices; and (6) 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.

Piedmont Lithium Inc. (NASDAQ:PLL)

CONTACT JAKUBOWITZ ABOUT PLL:
https://claimyourloss.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18915&from=1

Class Period: March 16, 2018 – July 19, 2021

Lead Plaintiff Deadline: September 21, 2021

The filed complaint alleges that defendants 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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

View source version on accesswire.com:
https://www.accesswire.com/661223/LAWSUITS-FILED-AGAINST-SRAC-LOTZ-and-PLL–Jakubowitz-Law-Pursues-Shareholders-Claims

VANCOUVER, BC, Aug. 24, 2021 /CNW/ – Finlay Minerals Ltd. (TSXV: FYL) ("Finlay" or the "Company") is pleased to announce the commencement of the Induced Polarization ("IP") geophysical survey over the Equity East and Allin Zone areas of anomalous soil and rock geochemistry as part of the 2021 Silver Hope project exploration program.

The IP program will initially cover the 3.5 by 3.5 kilometer ("km") area of the Equity East and Allin Zones multi-element soil and rock geochemistry anomalies with four 1km spaced East-West lines, plus one North-South line specifically targeting the mafic intrusive rocks and along the contact with the Skeena Group volcanic rocks. This initial work will also cover ZTEM and magnetic airborne geophysical targets, as well as a historical north-south oriented IP target immediately west of the Allin Zone. (CLICK HERE to see the map displaying the proposed 2021 IP lines, ZTEM, Ag soil anomalies, underlying geology, and anomalous float samples). The initial IP program will total approximately 24 line-km; plus an extra 6 line-km of planned detailed surveys over promising results.

Along with the IP survey, Finlay geologists will focus on detailed mapping and sampling, and Terraspec alteration studies in the Equity East and Allin Zone areas to build a comprehensive geological foundation for target definition and future drill testing.

The overall goal for the Company's 2021 exploration program is to leverage new data with the data compilation of the past 50 years of exploration work in the search for further Equity Silver-type (open-pittable Au, Cu, Ag) and intrusive-hosted porphyry Cu – Molybdenum ("Mo") – Au deposits.

Robert F. Brown, President & CEO of Finlay states:

"The IP geophysical survey work over the Equity East and Allin Zones has commenced and is expected to be completed in about 3 weeks. The IP data will be interpreted and compiled with previous geological, geophysical and geochemical data to derive a set of drill targets.

The September core drilling program will focus on three (3) areas along the MAIN Trend targeting thicker and well-mineralized zones from previous drilling along the plunge of the Skeena Group tuff bedding and fracture-controlled mineralization. Focus will be to develop open-pittable mineralization at less than 100m depth."

Equity East and Allin Zones Geological Synopsis:

The Equity East and Allin multi-element anomalies coincide with a large magnetic high feature directly east of the former Equity Silver Mine as well as a prominent 5km long, NNE trending airborne ZTEM geophysical anomaly, similar to the one reflecting the MAIN Trend (Finlay) and the former Equity Silver Mine. (CLICK HERE to see the map showing the multi-element anomaly overlaying the airborne magnetics).

The Equity Silver Mine is thought to be partially formed by the Goosly Lake Intrusive Suite which is mostly present within the Silver Hope Property. During the upheaval process of the Goosly Lake Intrusive Suite, fracturing, brecciation and alteration of the host rock allowed for the concentration and precipitation of silver and copper mineralization. Several surface geochemical anomalies that include silver are located on the mapped boundary of the Goosly Intrusive Suite. The Allin Zone target on the eastern side of the Goosly Intrusive Suite hosts a signicant target with a silver in soil geochemical anomaly plus several mineralized float samples with silver values as high as 136g/t, gold values as high as 2.61g/t and copper values as high as 1.26% (Reference: BC Assessment Report # 860515: https://propertyfile.gov.bc.ca/showDocument.aspx?docid=3843).

The Allin Zone is also host to a large and open high chargeability and high resistivity anomaly as seen in the above map. The anomaly strikes north-south, has a minimum length of 1800m, and is open to the north, south and west. An IP survey was conducted in 1986 by Geotronic Surveys Ltd. (Reference: BC Mineral Assessment report # 16032.) The Allin Zone was tested with 19 shallow drillholes within the years 1987, 1993 and 1997, with the drill holes targeting well east and southeast of the chargeability and resistivity anomalies.

Initial mineral deposition was caused by a deeper magma and caused mineralized veins as those seen at the Southern Tail, Hope, Superstition and Gaul Zones as well as the porphyry Cu-Mo mineralized quartz monzonite intrusions on the Silver Hope and Equity Silver properties. Further potential exists for a mineralized porphyry system within and around the Goosly Intrusive Suite. The Company's planned deep-penetrating IP survey along with detailed mapping and Terraspec alteration studies will help vector to a possible Equity Silver-type target or a mineralized porphyry system.

Up-Coming 2021 Silver Hope Core Drilling:

In late September, a 2,000m oriented-core drilling program will commence over the Gaul, Superstition and Hope Zones (the MAIN Trend). The drilling will be re-oriented, taking into consideration the findings of the initial oriented-core drilling program at the Gaul Zone in late 2020. Namely, mineralization and dikes strike northeasterly and dip moderately northwest; there is continuity of mineralized zones between sections; mineralization is hosted by volcanic felsic tuffs associated with fractures, veining, and brecciation with footwall intrusive dikes – a common theme throughout the 2020 drill program. The plunge of the mineralization and the stratigraphy (bedding) is 250/20. Drilling will target mineralization in the more susceptible tuff beds, respecting the plunge and focussing on mineralization at less than 100m depth. Finlay is initially targeting five (5) zones of open pittable Ag-Cu-Au mineralization.

Qualified Person:

Wade Barnes, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia. Finlay recently completed a financing of $1 million flow-through, and $1.64 million in non-flow-through funds.

Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange. For further information and details please visit the Company's website at: www.finlayminerals.com.

On behalf of the Board of Directors,

Robert F. Brown, P. Eng.,
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.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Company's Silver Hope Property. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE Finlay Minerals Ltd.

View original content: http://www.newswire.ca/en/releases/archive/August2021/24/c8348.html

TORONTO, Aug. 24, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the results of the 2021 channel sampling program on A-Zone and the McLeod areas on the Ishkoday Property, located 220 km northeast of Thunder Bay.

Highlights:

• Stripping of the northeast portion of the A-Zone, exposed surface mineralization that correlates with a high-grade historic diamond drill hole intercept. Stripping on the A-Zone revealed a series of sub-parallel horizons with folded semi-massive lenses, hosting up to 45% sulphides (See Figure 4).

• A newly discovered polymetallic vein, the Pond, was located southeast and sub-parallel to the McLeod quartz vein. This new mineralized area hosts gold, silver, copper, lead and zinc over a strike length of 130m and a width up to 2.7m (See Figure 5 and 6).

• The current assay results, combined with new geological understanding, confirms the presence of early volcanogenic mineralization (A-Zone type) that is, in turn, overprinted by a later orogenic veining event. Both event host Au mineralization and are polymetallic in nature, due to the remobilization of the primary sulphides.

A-Zone Summary:

As part of the 2021 summer exploration program on Ishkoday, the northeast extension of the A-Zone was stripped, revealing semi massive sulphide lenses. A total of five (5) subparallel mineralized horizons were discovered, all striking to the northeast. These horizons are converging toward what have been interpreted as a fold hinge, with a reconcentration of lens-shaped sulphide. These sulphide lenses consist of brecciated quartz within a sulphide matrix comprised of pyrite, chalcopyrite, sphalerite, and galena (see Figure 1) and are believed to be part of the volcanogenic mineralization at the Ishkoday Property. A total of 82 channels were sampled across the newly discovered A-Zone extension and 255 samples were taken on all the trenches (see key assays result in Table 1).

Table 1: Selected key results from channel sampling on the A-Zone.

McLeod Zone Summary:

The main focus of the stripping at McLeod was to expose vein hosted mineralization since historical stripping on the McLeod had revealed a metre-wide quartz vein over 130m in length. Laurion's stripping effort revealed a series of sub-parallel quartz-sulphide veins, striking to the southwest with a steep dip to the northwest. These orientations are comparable to the ones observed at the A-Zone. Sampling focus was put on the 2 main veins: 1) the McLeod quartz vein and 2) the newly discovered polymetallic vein dubbed the Pond (see Figure 2).

The McLeod quartz vein contains low pyrite (<2%), with sericite and chlorite alteration. A section of the vein is cut by a regional shear zone and presents a brecciated texture with strong epidote and chlorite alteration. The sheared McLeod quartz vein was power washed for approximately 7 m and four samples were collected. Highlights of sampling on the McLeod quartz vein is shown in Table 2.

Table 2: Results from Channel Sampling on the McLeod Quartz Vein.

The Pond is a polymetallic vein composed of brecciated quartz in a sulphide-chlorite matrix and is 0.30m to 1.3m wide. Mineralization of the wall-rock has also been identified at the vein selvedges. The mineralization contains up to 75% sulphides comprised mainly of pyrite, sphalerite and specks of chalcopyrite and galena (see Figure 3). The Pond mineralization appears to have a strike length of 750 m and is interpreted to represent the continuity of in the "V" Veins exposed in a cross-trench of the CRK Zone located further west of the McLeod Zone. Mineralization at the Pond zone is similar to what has been observed on the A-Zone, which comprises a succession of sub-parallel sulphide rich lenses composed of a quartz breccia with a sulphide-rich matrix (see key results in Table 3).

The LiDAR survey interpretation revealed historical trenches along the whole of the McLeod zone strike length, which were re-exposed and sampled. These results are pending. Furthermore, the LiDAR information and historic drill hole on the A-Zone and the McLeod, leads Laurion to believe that the sulphide-rich mineralization could extend up to 1,600m in strike length. In-fill diamond drilling between the A-Zone and the McLeod zone is currently in progress.

Table 3: Results from the Polymetallic Pond Zone Located on McLeod.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement, PGeo, MSc, a consultant to Laurion, and a "qualified person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 233,473,342 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The Brenbar Property, acquired in 2020, is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine. LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2021/24/c5317.html

BRISBANE, Australia, Aug. 25, 2021 (GLOBE NEWSWIRE) — Today, Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company), a dynamic global lithium chemicals producer, announces its financial results for the full year ended 30 June 2021 (FY21), as well as the completion of the merger with Galaxy Resources (Galaxy).

Key Outcomes:

• FY21 full year Net Loss After Tax of US$89.5 million impacted by US$74.9 million of Argentine tax rate changes and the effects of inflation and devaluation on deferred tax balances and tax losses

• Lithium prices are improving reflecting strong end market and customer demand

• Management of COVID 19 impacts has been highly effective

• Olaroz Stage 2 will be complete in FY22 and will deliver a significant reduction in cash costs and step up in volumes

• Naraha is near completion and awaiting lifting of COVID-19 travel restrictions for technical personnel to start commissioning

• Merger with Galaxy to deliver:

  • A top 5 global lithium chemicals company

  • Highly complementary portfolio of assets

  • Industry leading growth profile

  • Synergies unique to this combination

  • Highly experienced board & management team

  • Enhanced scale and financial capacity

FY21 Results

• Comprehensive COVID-19 bio-security protocols have been highly effective in limiting workforce infection and transmission

• Attributable group EBITDAIX¹ is up to US$2.9 million, from a loss of US$3.9 million with prices received more than doubling in the second half of the year (versus the first half), higher sales volumes and costs being reduced by 12%. The Group will benefit from the stronger pricing environment that has materialised since the 3^rd quarter of the financial year

• Statutory consolidated net loss after tax of US$89.5 million for FY21 compared with FY20 loss of US$67.2 million. The underlying net loss after tax for the group is US$20.8 million² after adjustments for tax rate changes, inflation and Argentine peso devaluation and includes US$18.8 million of non-cash depreciation and amortisation

• Total production of 12,611 tonnes of lithium carbonate is up 6% on the previous corresponding period despite COVID-19 disruptions

• Battery grade lithium carbonate production reached 66% of total production for the June quarter and 48% for the full year, up from 24% in FY20

• Positive operational improvements from the Olaroz Lithium Facility:

  • Full year costs of US$3,860/t² were down 12% year on year despite a full year of COVID-19 related costs and on-going disruptions. Olaroz remains among the lowest cost producers of lithium chemicals in the world

  • Gross operating cash margins of 23% equating to US$1,123/tonne, despite lower prices

  • Significant quality improvements have resulted in very high customer satisfaction ratings

  • FY22 sales are contracted with pricing linked to market indices and other indicators for approximately 80% of committed volumes.

• As of 30 June 2021, Orocobre on a 100% Group basis had cash of US$258.3 million

• Naraha Lithium Hydroxide Plant is mostly complete and the Stage 2 Expansion of the Olaroz Lithium Facility is nearing 60% complete.

Merger with Galaxy

On 19 April 2021 the Company announced that it had entered into a Merger Implementation Deed with Galaxy Resources Ltd. The Merger would result in the issue of 0.569 Orocobre shares for every Galaxy share.

Since then, all necessary approvals have been obtained to complete the merger effective from today 25 August 2021.

The merger has created a business that has the potential to be a Top 5 global lithium chemicals company³ with a highly complementary portfolio of assets delivering geographical and product diversification across brine, hard rock and vertical integration across the supply chain.

The combined company now has an industry leading growth profile with enhanced financial position to optimise and potentially accelerate development of future projects with the ability and intent to capture further downstream value.

Implementation

A detailed review of the business and reporting structure, cultural integration and communications has been conducted with external advisers. Key operating and corporate leadership positions are in place and the reporting structure has been re-aligned around the geographic distribution of assets and personnel.

Work programs are underway to pool key technical and project development knowledge in order to optimise growth projects.

Debt funding options for Sal de Vida stage 1 and subsequent stages are being considered to provide further balance sheet flexibility.

A range of projects remain underway which will contribute to the successful merger of the two companies.

Communication of a detailed strategic plan for growth projects is expected within 6 months, including development pathways for subsequent stages of Naraha, Olaroz, Sal de Vida and the James Bay project.

Comments

Orocobre Managing Director and CEO, Mr Martín Pérez de Solay said, “Orocobre has continued to deliver positive operating margins, despite COVID-19 and weaker market conditions throughout the first half of the financial year. This has been achieved through strong sales performance and a focus on costs and operating excellence.

“The completion of the merger today brings together assets and teams with highly complementary skills and knowledge. I would like to welcome Galaxy shareholders, employees and other stakeholders to Orocobre which subject to shareholder approval we will be rebranding to Allkem Limited and changing the ASX ticker to AKE.

“The name Allkem recognises that together we can deliver more for stakeholders. With the merger we will go further in our commitment to delivering the lithium chemicals that the world increasingly needs to mitigate climate change and carbon emissions.

“The merger consolidates the combined group’s position in Argentina and provides an opportunity to build on a strong platform there and in our other key jurisdictions globally, including Australia, Japan and North America. It will give us significant operational, technical and financial flexibility to deliver the full value of our combined portfolio.

“Our operating strategy retains a focus on safety, quality and productivity which combined with disciplined cost management will deliver further improved operating results ensuring we remain a low-cost producer of lithium carbonate,” Mr Perez de Solay said.

This announcement has been approved by the Orocobre Limited Board of Directors

For more information please contact:

Andrew Barber
Chief Investor Relations Officer
Orocobre Limited
T: +61 7 3720 9088
M: +61 418 783 701
E: abarber@orocobre.com
W: www.orocobre.com

Twitter: https://twitter.com/OrocobreLimited
LinkedIn: https://www.linkedin.com/company/orocobre-limited
Facebook: https://www.facebook.com/OrocobreLimited/
Instagram: https://www.instagram.com/orocobre/
YouTube: https://www.youtube.com/OrocobreLimited

Click here to subscribe to the Orocobre e-Newsletter

Notes:

Unless otherwise stated, all financial data in this release is quoted in US dollars⁴.

Orocobre’s results are reported under International Financial Reporting Standards (IFRS). This report also includes certain non-IFRS financial information, including the following:

• NCI is the non-controlling interest which represents the portion of equity ownership in SDJ PTE

• EBITDAIX is ‘Earnings before interest, tax, depreciation and amortisation, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’

• EBITIX is ‘Earnings before interest, tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’

• EBTIX is ‘Earnings before tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’

• ‘underlying NPAT’ and ‘underlying EBITDAIX’ being statutory profit being adjusted for certain one off and non-recurring items

About Orocobre Limited

Orocobre Limited (Orocobre) is a dynamic global lithium carbonate producer and an established producer of boron. Orocobre is dual listed on the Australia and Toronto Stock Exchanges (ASX: ORE), (TSX: ORL). Orocobre’s interests include its Olaroz Lithium Facility in Northern Argentina, a material JORC Resource in the adjacent Cauchari Basin and Borax Argentina, an established boron minerals and refined chemicals producer. The Company has commenced an expansion at Olaroz and construction of the Naraha Lithium Hydroxide Plant in Japan. For further information, please visit www.orocobre.com.

Summary Information
The following disclaimer applies to this announcement and any information contained in it (the Information). The Information in this announcement is of general background and does not purport to be complete. It should be read in conjunction with Orocobre's other periodic and continuous disclosure announcements lodged with ASX Limited, which are available at www.asx.com.au. You are advised to read this disclaimer carefully before reading or making any other use of this announcement or any Information contained in this announcement. In accepting this announcement, you agree to be bound by the following terms and conditions including any modifications to them.

Forward-looking Statements
This announcement may include forward-looking statements. These forward-looking statements are based on Orocobre's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Orocobre, which could cause actual results to differ materially from such statements. Orocobre makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of this announcement.

TSX matters
Orocobre is an “Eligible Interlisted Issuer” for purposes of the TSX. Orocobre has relied upon Section 602.1 of the TSX Company Manual in respect of the Placement on the basis that it has been completed in accordance with the standards of the ASX.

¹ see notes at end of release
² Underlying net loss is calculated after adjustment for change in fair value, forex losses, tax effects, merger costs, restructuring and other costs
³ Based on market capitalisation as at ASX market close on 16 April 2021.
⁴ Financial data has been translated to US Dollars using average exchange rates for the relevant period in the income statement.

CLEVELAND, August 24, 2021–(BUSINESS WIRE)–Cleveland-Cliffs Inc. (NYSE: CLF) today announced the results of its COVID-19 Vaccination Incentive Program.

In July, the Company launched a vaccine incentive program that it developed in partnership with its labor unions, including the United Steelworkers, the United Autoworkers, and the International Association of Machinists. The intent of the Program was to protect the workforce by providing employees with a positive incentive to get vaccinated. Under the Program, the Company committed to pay an employee at least $1,500 to receive a COVID-19 vaccine. For employees at locations with a vaccination rate of 75%, then the Company committed to pay an additional $1,500 to vaccinated employees from that location, representing a total opportunity of $3,000 per employee.

The Company achieved a total vaccination rate of 75%, or nearly 19,000 employees out of its workforce of approximately 25,000 employees. Also, 27 of the Company’s 43 locations achieved a vaccination rate of at least 75%. When the program was launched in July, the Company-wide vaccination rate was 35%, or only approximately 9,000 employees. In the 45 days the Program was in place, the vaccination rate more than doubled, achieving numbers way ahead the vaccination rates of the local communities where the facilities are located, and also significantly ahead of the national vaccination rates.

Lourenco Goncalves, Chairman, President, and CEO said, "I am delighted with the success of our vaccine incentive program. I appreciate the support of our local managers and union partners in making herd immunity a reality at the majority of our locations." Mr. Goncalves added: "I implore both my steel producing peers and all other companies who have not already done so to implement similar programs, in order to defeat this nasty virus in our country once and for all."

Other highlights include:

• Indiana Harbor, the Company’s largest facility and the largest steel operation in the United States, achieved a vaccination rate of 78%, compared to its location’s county rate of 43%.

• Middletown Works in Middletown, Ohio achieved a vaccination rate of 75%, compared to its location’s county rate of 46%.

• United Taconite in Eveleth, MN achieved a vaccination rate of 75%, compared to its location’s county rate of 55%.

About Cleveland-Cliffs Inc.

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling, and tubing. The Company serves a diverse range of markets due to its comprehensive offering of flat-rolled steel products and is the largest supplier of steel to the automotive industry in North America. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada. For more information, visit www.clevelandcliffs.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210824005845/en/

Contacts

MEDIA CONTACT:
Patricia Persico
Director, Corporate Communications
(216) 694-5316

INVESTOR CONTACT:
Paul Finan
Vice President, Investor Relations
(216) 694-6544

VANCOUVER, BC, Aug. 24, 2021 /CNW/ – Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the "Company" or "Capella") is pleased to announce that it has signed a binding Letter of Intent ("LOI") with Cullen Resources Limited (ASX: CUL)("Cullen") through which Capella may earn-in to Cullen's Katajavaara and Aakenus gold(-copper) projects in the highly-prospective Central Lapland Greenstone Belt ("CLGB") of northern Finland (Figure 1). The Katajavaara and Aakenus projects lie immediately adjacent to the productive Sirkka Thrust Zone, a regional structural corridor within the CLGB which is associated with numerous occurrences of both gold and base metals.

Highlights

• Cullen's Katajavaara and Aakenus gold(-copper) projects lie along the highly-mineralized Sirkka Thrust Zone in the CLGB. The Cullen projects surround Outokumpu Oy's former gold-copper mining operation at Sattopora and the S2Resources/Kinross Gold Joint Venture ("JV") at Home, in addition to lying along strike from major recent exploration discoveries at Ikkari (Rupert Resources Ltd) and Aamurusko (Risti-Launi; Aurion Resources Ltd)¹.

• Scandinavia's largest operating gold mine – Agnico Eagle Mines Ltd's Kittila Gold Mine (2020 production – 208,125 oz Au; Reserves 30.4 MT @ 4.1 grams per tonne Au for 4Moz Au; Agnico Eagle Mineral Reserves and Resources Statement December 31, 2020; https://agnicoeagle.com/)¹ – lies directly to the NE of the Cullen projects.

• The binding LOI provides Capella with the opportunity to acquire an initial 70% in Cullen Finland Oy (Cullen's 100%-owned Finnish subsidiary; "Cullen Oy", and registered owner of the Katajavaara Exploration Permit Licence Application ("EPLA") and the Aakenus Reservation) through an initial cash payment to Cullen of AUD 50,000. Subsequently, a total USD 250,000 investment in exploration over a two-year period and staged cash payments to Cullen totalling USD 225,000 over a three-year period are required. Capella may increase its interest in Cullen Oy by an additional 10% (for a total 80% interest) by investing an additional USD 750,000 in exploration over a further two-and-a-half years.

• The Katajavaara EPLA and Aakenus Reservation cover approximately 200 square kilometres of highly-prospective terrain for the discovery of new gold and copper deposits.

• Compilations of historical data from both the project areas and broader district are well underway, with initial targets having already been identified from historical auger till sampling.

• Finland continues to lie within the top 10 mining destinations globally as determined by the independent Fraser Institute's annual survey of mining jurisdictions.

Eric Roth, Capella's President and CEO, commented today: "I am very pleased to be announcing the signing of this LOI with Cullen for the Katajavaara and Aakenus gold(-copper) projects in northern Finland. Despite hosting several world-class gold and base metals deposits, the Central Lapland Greenstone Belt remains relatively underexplored and clearly possesses significant potential for new discoveries. The Katajavaara and Aakenus projects represent logical "bolt-on" acquisitions to our existing portfolio of high-grade copper and gold projects in Norway and Sweden, respectively, and consolidates Capella as one of the premier explorers/developers with a focus on Scandinavia".

Terms of the LOI

• Capella will acquire an initial 70% interest in Cullen Oy (Cullen's 100%-owned Finnish subsidiary and registered owner of the Katajavaara and Aakenus gold-copper projects) in return for paying Cullen AUD 50,000 upon the transaction receiving TSX.V Exchange and regulatory approval (the "Closing Date").

• Capella will be required to invest a total of USD 250,000 in exploration expenditures on the two projects over a 24 month period from the Closing Date.

• Capella may then acquire a further 10% interest in Cullen Oy (for a total 80% interest) in return for a further USD 750,000 investment in the two projects over a 4.5 year period from the Closing Date.

• Cullen will then be free carried until the completion of a Pre-Feasibility Study ("PFS") on either of the two projects. Thereafter, a standard dilution formula will apply and should either party's direct interest fall to below 10% then they will revert to a 2% Net Smelter Royalty (with 1% being purchasable for USD 1 million).

In addition, the following cash payments are required to be made to Cullen:

• USD 50,000 upon the first anniversary of the Closing Date

• USD 75,000 upon the second anniversary of the Closing Date

• USD 100,000 on the third anniversary of the Closing Date

The binding LOI with Cullen remains subject to acceptance by the TSX Venture Exchange.

Qualified Persons and Disclosure Statement

The technical information in this news release relating to the Southern Gold Line project has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 30 years of experience in international minerals exploration and mining project evaluation.

On Behalf of the Board of Capella Minerals Ltd.

"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO

About Capella Minerals Ltd

Capella is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and copper deposits. The Company's copper focus is currently on the discovery of high-grade VMS-type deposits within 100%-owned, district-scale land positions around the past-producing Løkken and Kjøli copper mines in central Norway. The Company's precious metals focus is on the discovery of high-grade gold deposits on its 100%-owned Southern Gold Line Project in Sweden, in addition to its active Canadian Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba). The Company also retains a residual interest (subject to an option to purchase agreement with Austral Gold Ltd) in the Sierra Blanca gold-silver project in Santa Cruz, Argentina.

Field activities are ongoing on all projects, with the primary focus being to advance priority targets through the permitting process and onwards to drilling and discovery.

The Company also holds marketable securities in Cerrado Gold Inc. (TSXV:CERT; 833,334 common shares) and Ethos Gold Corp. (TSXV:ECC; 2 million common shares), providing Capella shareholders with indirect exposure to both exploration and operational success by these Companies.

Cautionary Notes and Forward-looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is 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. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.

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 release.

¹ References made to nearby mines and analogous deposits provide context for the Katajavaara and Aakenus projects, but are not necessarily indicative that these projects hosts similar tonnages or grades of mineralization.

View original content to download multimedia:https://www.prnewswire.com/news-releases/capella-continues-scandinavian-focus-and-strategy-with-the-acquisition-of-gold-copper-projects-in-finland-301361152.html

SOURCE Capella Minerals Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2021/24/c7740.html

Lynas Corp. (LYSDY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate — the consensus of EPS estimates from the sell-side analysts covering the stock — for the current and following years is tracked by the system.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Lynas Corp. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Lynas Corp. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate Revisions

Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.

Earnings Estimate Revisions for Lynas Corp.

For the fiscal year ending June 2022, this company is expected to earn $0.35 per share, which is a change of 1850% from the year-ago reported number.

Analysts have been steadily raising their estimates for Lynas Corp. Over the past three months, the Zacks Consensus Estimate for the company has increased 25%.

Bottom Line

Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Lynas Corp. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Lynas Corp. (LYSDY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Investors looking for stocks in the Consumer Products – Staples sector might want to consider either Albertsons Companies, Inc. (ACI) or Kimberly-Clark (KMB). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Albertsons Companies, Inc. has a Zacks Rank of #2 (Buy), while Kimberly-Clark has a Zacks Rank of #5 (Strong Sell) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that ACI is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

ACI currently has a forward P/E ratio of 12.70, while KMB has a forward P/E of 20.53. We also note that ACI has a PEG ratio of 1.06. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. KMB currently has a PEG ratio of 4.11.

Another notable valuation metric for ACI is its P/B ratio of 7.93. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, KMB has a P/B of 61.41.

These are just a few of the metrics contributing to ACI's Value grade of A and KMB's Value grade of C.

ACI stands above KMB thanks to its solid earnings outlook, and based on these valuation figures, we also feel that ACI is the superior value option right now.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report
 
KimberlyClark Corporation (KMB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – Playfair's (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) core drilling program on its large (201 square kilometers) 100% owned RKV Copper Project in South Central Norway is expected to start in early September. Playfair has delineated seven drill targets in five areas, Drill Notifications have been made and necessary permits are approved.

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7302/94037_35fb048aa4722bdf_002full.jpg

Playfair, as a responsible mineral explorer, values protecting the natural environment it works in. Playfair uses new technologies and methods to reduce the impact of its exploration. Playfair's exploration to date has been in three phases.

The first phase of Playfair's exploration used non-invasive machine learning algorithms to reinterpret existing geochemical-geological-geophysical data sets and outline potential exploration target areas with similarities to known mineral occurrences.

The second phase of Playfair's exploration was minimally invasive. In the areas outlined as possibly favourable by the machine learning algorithms small pits were dug by hand, samples of soil were removed, and the pits refilled. There was no off-road driving. Subsequent chemical analysis outlined areas with a high content of copper or other elements of interest.

The third phase of Playfair's exploration measured the intensity of the earth's magnetic field in some of the areas where a high copper content was found in soils. Variations in the magnetic field provide important information about the underlying bedrock. The survey was non-intrusive and used an unmanned drone to carry the measuring equipment.

The seven drill targets were previously described: Storboren (November 07, 2019, and December 05, 2019, News Releases), Sæterfjellet, (January 06, 2021, News Release), Kletten North and Kletten South (January 28, 2021, News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021, News Release) and Rødalen (March 11, 2021, News Release).

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek (TSXV: WIN) (OTCQB: WINKF) using their proprietary Computer Aided Resources Detection System (CARDS).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu. A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu "are likely to be associated with weathering copper sulphides."

Playfair's fourth phase of exploration is planned to begin in September 2021. In keeping with Playfair's intent to minimise the impact of its exploration on the natural environment Playfair will use a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Playfair's man-portable drill has now arrived in Norway, cleared customs and has been transported to Tynset, approximately 25 km from Rødalen, the first drill target. With a population of 5,400, Tynset is the municipal centre of the Nord-Østerdalen region. Arctic Drilling As., a local Norwegian Company will carry out the drilling.

Figure 2

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7302/94037_35fb048aa4722bdf_003full.jpg

A presentation on the drilling plans can be found at this direct link or on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94037

These are the consumer staples stocks with the best value, fastest growth, and most momentum for September 2021.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company value investors might notice is Albertsons Companies, Inc. (ACI). ACI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 12.80 right now. For comparison, its industry sports an average P/E of 23.97. Over the past year, ACI's Forward P/E has been as high as 13.32 and as low as 5.35, with a median of 9.15.

Investors will also notice that ACI has a PEG ratio of 1.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ACI's PEG compares to its industry's average PEG of 1.67. Over the last 12 months, ACI's PEG has been as high as 1.11 and as low as 0.45, with a median of 0.78.

Finally, we should also recognize that ACI has a P/CF ratio of 7.11. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ACI's current P/CF looks attractive when compared to its industry's average P/CF of 15.39. Over the past 52 weeks, ACI's P/CF has been as high as 7.41 and as low as 2.15, with a median of 2.86.

These are just a handful of the figures considered in Albertsons Companies, Inc.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ACI is an impressive value stock right now.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report the Company has received proceeds of $1,359,522 as a result of the exercise of 9,711,089 common share purchase warrants.

The warrants were issued in connection with a private placement closed August 19, 2020 and were set to expire August 19, 2021. The Company intends to use the proceeds of the warrant exercise for mineral exploration and general working capital purposes.

"We would like to thank our long-term shareholders, for supporting the Company through the process of exercising these warrants. The exercise of these warrants provides additional funds for Max's well-financed exploration programs in both Colombia and Peru," commented Max CEO, Brett Matich.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is a copper and precious metals exploration company, engaged in advancing both newly discovered global scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold project (100% earn-in) in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both stratabound-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.

Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.

For more information visit: https://www.maxresource.com/
For more information visit: www.tsx.com/venture50
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube

For additional information contact:

Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100

*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes"

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

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94043

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") announces that it has acquired through staking more than 14,000 hectares of claims in the vicinity of the Raleigh Lake lithium and rubidium project in Ontario, Canada, bringing the Raleigh Lake project area to just over 17,000 hectares (170 square kilometres). The new claims were staked within the Raleigh Lake Greenstone Belt adjacent to the pre-existing Raleigh Lake claim grouping.

The Company's ongoing investigations in the region determined that the surrounding greenstone belt is significantly underexplored and the potential to host additional mineral deposits is quite high. Previous exploration by Canadian Nickel Co Ltd. in the early 1970s had identified pegmatite in drill holes that were targeting nickel mineralization. The Company intends to conduct an airborne geophysical survey as soon as practical as the first phase of exploration on the newly acquired claims.

John Wisbey, Chairman and CEO of International Lithium Corp. commented as follows:

Raleigh Lake is ILC's major project in North America, and has the great economic benefit relative to many other Canadian lithium projects of being close to major transport infrastructure. Our drilling earlier this year in Zone 1 of the claims (around 5% by area of our new total claims) validated interesting quantities of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. Expanding the area of our claims in the area significantly was a logical move. The money we have raised this year will allow us to make good progress with further exploration and in being able to publish some initial minimum estimates of the size of resource.

Qualified person
Jon Findlay, Ph.D, P.Geo, a consultant to the Company and a "Qualified Person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect.

A key goal is to become a well funded company to turn our aspirations into reality.

International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock exchange.

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina.

The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration there so far, which is on only about 5% of ILC's current claims, contain significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

The Mariana lithium-potash brine project, which is the subject of this news release, is located within the renowned South American, "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region.

Complementing the Company's lithium brine project at Mariana and rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

The ownership of the Mavis Lake project is now 51% Essential Metals Limited ("ESS") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC.

The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources, and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil," and is a key part of a "green tech" sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520

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.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of the feasibility study of the Mariana Joint Venture Project, timing of publication of the technical reports, possible sale of the Company's interest in the Project, anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Mavis Lake projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and continued agreement between the Company and Ganfeng Lithium Co. Ltd. regarding the Company's percentage interest in the Mariana project and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94119

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company", or "EMX") is pleased to announce that it has completed the initial closing under the recently announced agreement to acquire an effective 0.418% Net Smelter Return ("NSR") royalty on the operating Caserones Copper-Molybdenum Mine (the "Caserones Royalty") located in northern Chile for US$34.1 million in cash (see EMX news release dated August 17, 2021).

As previously reported, EMX has formed a 50%-50% partnership with Altus Strategies Plc ("Altus") (AIM: ALS) (TSXV: ALTS) (OTCQX: ALTUF) to acquire an effective 0.836% NSR royalty for US$68.2 million. EMX and Altus will each control an effective 0.418% royalty interest and will each be responsible for US$34.1 million of the purchase price. EMX and Altus have formed a Chilean company, Minera Tercero, Spa ("Tercero"), of which EMX and Altus each own 50%. Tercero has agreed to purchase 43% of the issued and outstanding shares of an underlying royalty holder, Sociedad Legal Minera California Una de la Sierra Peña Negra ("SLM California"), through a Share Purchase Agreement with 16 shareholders of SLM California to acquire ownership of 43% of SLM California's issued and outstanding shares, and thereby indirect ownership of 43% of SLM California's 1.944% NSR royalty interest in the Caserones property (i.e., a 0.836% NSR royalty interest, held as to 0.418% by EMX and 0.418% by Altus).

Under the initial closing today, Tercero has acquired 33% of SLM California for US$52.3 million. Sale of the remaining 10% of the shares of SLM California is anticipated to close by September 1, 2021.

The acquisition of the Caserones Royalty is expected to provide immediate enhancement to EMX's royalty cash flow and to secure long-term proceeds from copper and molybdenum production in one of the world's top mining regions. This transaction nicely compliments the Company's growing portfolio of royalty interests in South America, which has become a recent emphasis in the Company's growth strategy.

Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, has reviewed, verified, and approved the disclosure of the technical information contained in this news release.

About EMX. EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX"; and on the Frankfurt exchange under the symbol "6E9". Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
Ibelger@EMXroyalty.com

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

Forward-Looking Statements

This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding completion of the second closing of the Caserones royalty purchase, , expected cash flows from EMX's interest in the Caserones royalty, perceived merits of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential", "upside" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: failure of the vendors under the Share Purchase Agreement to perform their obligations, fluctuations in or problems with production from the Caserones mine, unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors. It is possible EMX may not complete the transaction, as a result of failure to fulfill conditions of closing, unavailability of financing or for other reasons EMX cannot anticipate at this time.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended June 30, 2021 and the year ended December 31, 2020 (the "MD&A"), and the most recently filed Revised Annual Information Form (the "AIF") for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93952

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company to watch right now is VALE S.A. (VALE). VALE is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 3.37, which compares to its industry's average of 3.41. Over the last 12 months, VALE's Forward P/E has been as high as 6.83 and as low as 3.37, with a median of 4.90.

Investors should also recognize that VALE has a P/B ratio of 2.19. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.21. Over the past year, VALE's P/B has been as high as 3.30 and as low as 1.60, with a median of 2.57.

Finally, investors should note that VALE has a P/CF ratio of 7.86. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. VALE's P/CF compares to its industry's average P/CF of 7.92. VALE's P/CF has been as high as 14.18 and as low as 6.25, with a median of 10.53, all within the past year.

These are just a handful of the figures considered in VALE S.A.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that VALE is an impressive value stock right now.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
VALE S.A. (VALE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. And in light of that, the trends we're seeing at Metals Exploration's (LON:MTL) look very promising so lets take a look.

Return On Capital Employed (ROCE): What is it?

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. Analysts use this formula to calculate it for Metals Exploration:

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

0.30 = US$30m ÷ (US$144m – US$41m) (Based on the trailing twelve months to December 2020).

Thus, Metals Exploration has an ROCE of 30%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 19%.

View our latest analysis for Metals Exploration

In the above chart we have measured Metals Exploration's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Metals Exploration.

What Can We Tell From Metals Exploration's ROCE Trend?

Metals Exploration has not disappointed in regards to ROCE growth. The data shows that returns on capital have increased by 1,221% over the trailing five years. That's a very favorable trend because this means that the company is earning more per dollar of capital that's being employed. Interestingly, the business may be becoming more efficient because it's applying 55% less capital than it was five years ago. Metals Exploration may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.

For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. The current liabilities has increased to 29% of total assets, so the business is now more funded by the likes of its suppliers or short-term creditors. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.

The Key Takeaway

In summary, it's great to see that Metals Exploration has been able to turn things around and earn higher returns on lower amounts of capital. And since the stock has dived 80% over the last five years, there may be other factors affecting the company's prospects. Regardless, we think the underlying fundamentals warrant this stock for further investigation.

One final note, you should learn about the 6 warning signs we've spotted with Metals Exploration (including 2 which shouldn't be ignored) .

If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.

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.

TORONTO, Aug. 23, 2021 (GLOBE NEWSWIRE) — Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce an update on all site activities including the geophysical data programs and project site drill preparation being conducted at its 100% owned Lingman Lake Gold Project (“Project”) located in Northwestern Ontario.

Highlights:

• The planned 10,000 meter fall drill program remains on schedule to commence around mid-September despite a challenging summer.

• Delays with the summer activities related to the extensive summer wildfires and smoke in surrounding regions have subsided and no longer hamper site activities.

• Previously announced geophysical programs are progressing rapidly:

  • Property-wide airborne LIDAR program has been completed

  • Lingman site 3D Induced Polarization (“IP”) data program is ~60% completed and is expected to be completed by mid-late September (in time for drilling)

  • Property-wide airborne geophysics program is underway and scheduled to be completed in early September

  • Newly analyzed historical information in the on-going compilation of the Lingman Lake Greenstone belt has generated a conceptual exploration model for the 40-mineral occurrences located at the west end of the belt.

Site expansion and enhancements supporting the upcoming expanded drilling campaign continue to advance and are scheduled to be largely completed by late September.

“Signature has successfully progressed its Project on all fronts throughout this summer despite incurring some delays that were caused by wildfires in the region and I am proud of the whole Signature team for what they have been able to accomplish. The Project remains on target to commence drilling around mid-September.
– Robert Vallis – President, CEO, and Director

The late summer schedule is focused on completing various site and regional geophysical data collection programs, and several camp expansion/enhancement tasks to prepare for the next scheduled expanded drill campaign.

Wildfire-related government restrictions have now been lifted. The month of July and into early August saw delays incurred at the Project related to the significant wildfires and smoke from unprecedented and extreme drought conditions that hampered and threatened the entire regions of western and northwest Ontario into and throughout Manitoba, Saskatchewan, and south into the northern United States. A resulting restriction of all industrial forestry/logging operations and certain mineral field exploration and mining-related activities was put into effect by the Ministry of Northern Development, Mines, Natural Resources and Forestry (“NDMNRF”).

The NDMNRF restriction delayed the Company’s in-progress 3D IP data collection program. However, ~60% of the planned survey was completed before this restriction was imposed and that data has been processed on a first-pass basis, resulting in a preliminary interpretation of the dataset. This interpretation will be released in the coming weeks. The smoke in and around the regional property presented challenges and delays to commencing and completing the previously-noted regional airborne and project ground geophysical and site expansion activities. Site access was also challenged due to the secondment of regional air equipment for supporting provincial firefighting operations and emergency evacuations throughout many communities in western Ontario and eastern Manitoba.

During the NDMNRF imposed restriction period, the Company successfully implemented several site risk mitigations including:

• a substantial fire break-barrier around the entire project site perimeter

• installation of fire suppression systems in specific areas throughout the camp

• staged existing site equipment/supplies in safe zones at site

• staged new equipment/supply deliveries off-site in secure locations

• insurance contracts have been augmented for larger Project scope

With wildfire delays and related challenges abated, the Company continues to advance all planned site and regional activities responsibly and rapidly towards drilling around mid-September.

About Signature
The Lingman Lake gold property consists of 1,434 staked claims, four freehold full patented claims and 14 mineral rights patented claims totaling approximately 27,113 hectares. The property hosts an 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-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters 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

Cautionary Notes

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 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.

Ternium S.A. TX recently signed a memorandum of understanding (“MoU”) with Vale S.A., wherein the parties agreed to develop steelmaking solutions directed toward reduction of CO2 emissions.

Ternium and Vale plan to develop economic feasibility studies of potential investments in an iron ore briquetting plant located at Ternium’s Brazil facility. It also intends to invest in plants to produce metallic products with low carbon footprint, using Tecnored, HYL and other technologies for iron reduction.

This move will help Vale achieve its commitment to reduce 15% of net scope 3 emissions by 2035. Moreover, Vale intends to lower absolute scope 1 and 2 emissions by 33% by 2030 and achieve neutrality by 2050. The plan is in-sync with the Paris Agreement, which will lead toward low carbon mining.

Ternium also noted that the signing of the MoU is an important step in its decarbonization strategy. This will help the company achieve its commitment to reduce 20% of its CO2 emission intensity by 2030.

Shares of Ternium have surged 200.5% in the past year compared with 123.2% rise of the industry.

Image Source: Zacks Investment Research

Ternium, in its last earnings call, stated that it expects continued strong performance throughout the balance of 2021. This is primarily due to the strong global steel market environment. The company forecasts EBITDA to increase sequentially in the third quarter, with rise in margins and higher volumes.

The realized steel prices in the third quarter are likely to keep rising in all regions, partly offset by higher cost per ton led by increasing raw material costs, gradually flowing through the company’s inventories.

Ternium S.A. Price and Consensus

Ternium S.A. price-consensus-chart | Ternium S.A. Quote

Zacks Rank & Other Key Picks

Ternium currently flaunts a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the basic materials space are Nucor Corporation NUE, Dow Inc. DOW and Cabot Corporation CBT.

Nucor has a projected earnings growth rate of around 489.2% for the current year. The company’s shares have surged 153% in a year. It currently flaunts a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Dow has an expected earnings growth rate of around 403.01% for the current year. The company’s shares have gained 32% in the past year. It currently sports a Zacks Rank #1.

Cabot has an expected earnings growth rate of around 138.5% for the current fiscal. The company’s shares have rallied 32% in the past year. It currently holds a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nucor Corporation (NUE) : Free Stock Analysis Report

Dow Inc. (DOW) : Free Stock Analysis Report

Ternium S.A. (TX) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

GOLDEN, Colo., August 23, 2021–(BUSINESS WIRE)–Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") (NYSE American: AUMN) (TSX: AUMN) today announced the pending retirement of the Company’s Chief Financial Officer, Robert Vogels, planned to occur around the end of 2021. The Company has begun the process of searching for Mr. Vogels’ successor.

Warren Rehn, President and Chief Executive Officer of the Company, commented, "We wish Bob all the best on his pending retirement from a distinguished nearly 40-year mining industry career as a finance and accounting professional, including 12 years with Golden Minerals. We are confident we will find a worthy successor for Bob who can continue to support the Company’s finance and accounting functions as we continue to advance our operations and projects."

About Golden Minerals

Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

For additional information please visit http://www.goldenminerals.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210823005062/en/

Contacts

Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060

LONDON, UK / ACCESSWIRE / August 23, 2021 / Anglo Pacific Group PLC ('Anglo Pacific', the 'Company' or the 'Group') (LSE:APF)(TSX:APY), is pleased to announce the appointment of Varda Shine as an independent non-executive director of the Company, effective from 23 August 2021. Varda will also serve on the Company's audit committee and will chair the remuneration committee, effective from 1 September.

Varda is a highly experienced mining non-executive director, executive mentor and mining industry adviser with a career spanning 30 years. Previously she was CEO of De Beers Trading Company where she worked with stakeholders across the supply chain to introduce new distribution and price strategies for the business. She currently serves as senior independent director and remuneration committee chair of Petra Diamonds, lead independent director and remuneration committee chair of Sarine Technologies. Varda is also a board member of the Mineral Development Company of the Government of Botswana. From February 2015 to June 2019, Varda was a non-executive director, audit and nomination committee member and remuneration chair from August 2017 at Lonmin PLC.

Patrick Meier, Chairman of the Company, commented:

"We are very pleased to welcome Varda to the Board following an extensive search process. Varda brings a wealth of experience to the Board at a time when the Company is looking to continue its diversification and focus on 21^st century commodities that support a more sustainable future. We believe that Varda's proven track record of previous and current board experience on public listed companies and leadership in the extractive sector complements the experience of our other directors and will serve to further strengthen the Board's skills and expertise."

Varda Shine commented:

"I am delighted to join the board of Anglo Pacific at such an exciting time for the Company and I look forward to being part of the journey and supporting the strategy and growth ambitions."

For further information:

Notes to Editors

About Anglo Pacific

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Anglo Pacific Group PLC

View source version on accesswire.com:
https://www.accesswire.com/660854/Anglo-Pacific-Group-PLC-Announces-Board-Changes

VANCOUVER, British Columbia, Aug. 23, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced a Reverse Circulation (“RC”) drilling discovery at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“ValOre rapidly advanced the Santo Amaro South target to drill-ready stage by the implementation of systematic 2021 mapping, Trado^® auger drilling and trenching,” stated ValOre’s VP of Exploration, Colin Smith. “RC drill hole RC21SAS03 confirms the presence of broad high-grade surface PGE mineralization at Santo Amaro South and further validates ValOre’s sequential exploration methodology, which has been re-initiated to expand upon the discovery hole.”

Highlights of Santo Amaro South RC Drilling Discovery:

• Drill hole RC21SAS03*

  • 32 metres (“m”) grading 1.65 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from surface, incl. 6 m grading 3.07 g/t 2PGE+Au from 2.00 m;

• Near-surface (15 m or less) PGE mineralization intersected in all five 2021 RC holes;

• RC drill targets developed from 2021 Trado^® auger drilling and trenching results (CLICK HERE for news release dated March 23, 2021), further validating ValOre’s systematic exploration methodology;

• Excellent exploration upside characterized by a >1-kilometre (“km”) long ultramafic (“UM”) trend identified by geological mapping, and an 800 x 400 m PGE-in-soils and magnetic anomaly;

• Follow-up Trado^® auger drilling is on-going to further investigate the along-strike, near-surface extension of PGE mineralization, and subsequent diamond drilling is planned to expand upon the high-grade mineralization intersected in drill hole RC21SAS03.

*Reported assay interval lengths are core lengths, and are estimated to be 90-100% true width

Santo Amaro South Target and 2021 Exploration Summary

The Santo Amaro South (“SAS”) target is located in the northern project area, 1.5 km south of the Santo Amaro deposit, which is included in ValOre’s global 2019 NI 43-101 Pedra Branca inferred resource of 1,067,000 ounces (“oz”) 2PGE+Au in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. CLICK HERE for a regional map of Santo Amaro South target and Pedra Branca project (Figure 1).

As part of ValOre’s exploration methodology (CLICK HERE for news release dated July 12, 2021), SAS was identified as a highly prospective and underexplored target based on extensive historical soil and geophysical anomalies, and the presence of multi-class WorldView spectral signatures (CLICK HERE for additional information on WorldView spectral data). Detailed 2021 field mapping and prospecting defined a greater than 1-km-long belt of target UM rocks, associated with strong magnetic and geochemical anomalism.

Systematic Trado^® auger drilling was performed along-trend, with 19 vertical holes (71 total samples), confirming the presence target UM rocks and continuity of surface PGE mineralization. Five linear east-west trenches (398 m total) were subsequently excavated, with channel sample assays confirming surface in-situ PGE mineralization in 4 out of the 5 trenches (CLICK HERE for news release dated March 23, 2021).

Trado^® hole logging, trench mapping, and subsequent assay results served to define multiple un-drilled, north-south-trending mineralized UM packages which exceeded 400 m in length and remain open along both directions of geological trend. CLICK HERE for a plan map of the SAS target (Figure 2).

SAS was tested with five 2021 vertical RC drill holes (totaling 282 m), with all 5 holes returning PGE-mineralized assays over a geological trend of 400 m. A broad, surface PGE discovery was made in RC drill hole RC21SAS03, which assayed 32 m grading 1.65 g/t 2PGE+Au from surface, including 6 m grading 3.07 g/t 2PGE+Au from 2 m. Table 1 below summarizes highlight intervals from 2021 RC drilling at SAS. CLICK HERE for a cross section of drill hole RC21SAS03 (Figure 3).

Table 1: Santo Amaro South RC Drilling Highlights

* Reported assay interval lengths are core lengths, and are estimated to be 90-100% true width

On-Going Exploration, Santo Amaro South

Additional Trado^® auger drilling is on-going to follow-up the best Trado^® and RC assays to date and to further investigate the near-surface continuity of PGE mineralization along strike. Subsequent diamond drilling is planned to expand upon the high-grade mineralization intersected in drill hole RC21SAS03.

RC Drilling and Sampling Methodology

RC drill holes are drilled in 3-metre-long by 4.5-inch diameter run lengths. One large sample is collected every metre, dried out by the cyclone, and deposited directly into previously labeled plastic sample bags. If the material is dry, the cyclone is cleaned every 3 metres with pressurized air. If humid or wet, the cyclone is cleaned at every metre. Each sample is weighed at the drill site, with an average of 20-30 kilograms (“kg”) per obtained sample (for 100% recovery). A representative sample is collected, sieved, and washed to remove excess dust. This sample is then deposited into a plastic chip case for logging procedures and future reference. Magnetic susceptibility measurements are taken at the drill site for each metre-long interval. The large samples collected from the cyclone are transported to a secure sampling and splitting facility in Capitão Mor. Each sample goes into a Jones Riffle Splitter, and 2 aliquots of approximately 2 kg, and minimum of 500 grams (“g”), are collected into two new sample bags. One sample is retained at site as archive, and the other is submitted for assay. The splitter is cleaned before the splitting of every new sample in a two-step procedure: (1) initially and manually with a paint brush; and (2) thereafter with pressurized air. The residual volume of each sample material is discarded. A strict Quality Control/Quality Assurance (“QA/QC”) program is applied to all samples, which included insertion of certified mineralized standards, blank samples and duplicates in every batch sent for assays.

Quality Control/Quality Assurance (“QA/QC”) and Grade Interval Reporting

CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares (138,339 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently estimated Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

Shares of McEwen Mining (NYSE: MUX) zoomed today, closing Monday up 15.2%. On July 6, McEwen Mining created a subsidiary called McEwen Mining Copper to create a pure-play copper company to primarily develop its Los Azules copper mine in Argentina, and announced its plan to raise $80 million through a private offering of shares. McEwen Mining eventually intends to launch an IPO for McEwen Mining Copper within 12 months of closing the share sales.

Oil stocks across the board are flying higher today thanks to the sharp reversal in oil prices, but small-cap stocks are shining the brightest, with Centennial Resource Development (NASDAQ: CDEV) and Core Laboratories (NYSE: CLB) leading from the front. The double-digit price tumble in shares of Centennial Resource and Core Labs last week has presented investors in oil and gas stocks with the perfect opportunity to scoop up some shares today. Crude oil prices are reversing today after a week-long decline and are up more than 5% this morning.

Paydown of $450 Million November Debt Maturity

New $2.5 Billion Line of Credit Maturing in 2026

TAMPA, FL / ACCESSWIRE / August 23, 2021 /The Mosaic Company (NYSE:MOS), today announced a number of actions to strengthen and optimize its capital base.

The Board of Directors has approved a new $1 billion share repurchase authorization, which replaces the previous authorization that had $700 million of the original $1.5 billion remaining. This new expanded authorization reflects Mosaic's unchanged commitment to a balanced deployment of excess capital that includes returning capital to shareholders.

In addition to the new share repurchase authorization, last week, the company also completed the previously announced early redemption of $450 million in notes that were due November 2021. This represents the first step toward reaching the company's goal of retiring $1 billion of debt over time. The company expects to meet the debt retirement goal and execute share repurchases using strong cash flow generated in 2021 and beyond.

Finally, Mosaic has increased and extended its committed line of credit. The 5-year, $2.5 billion facility matures in November 2026 and replaces the $2.2 billion line of credit maturing in November of 2022. This increase in size provides additional security and flexibility and reflects the growth in the business.

"Today's announcement reflects our ongoing commitment to balanced capital allocation. Our successful transformation of the business has allowed us to invest in growth, strengthen the balance sheet and return capital to shareholders," said Joc O'Rourke, President and Chief Executive Officer. "With an improving cost position and balance sheet, Mosaic is well positioned for the future."

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single-source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about proposed or pending future transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: the economic impact and operating impacts of the coronavirus (Covid-19) pandemic, the potential drop in oil demand/production and its impact on the availability and price of sulfur, political and economic instability and changes in government policies in Brazil and other countries in which we have operations; the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and economic and credit market conditions; the level of inventories in the distribution channels for crop nutrients; the effect of future product innovations or development of new technologies on demand for our products; changes in foreign currency and exchange rates; international trade risks and other risks associated with Mosaic's international operations and those of joint ventures in which Mosaic participates, including the performance of the Wa'ad Al Shamal Phosphate Company (also known as MWSPC), the timely development and commencement of operations of production facilities in the Kingdom of Saudi Arabia, and the future success of current plans for MWSPC and any future changes in those plans; difficulties with realization of the benefits of our long term natural gas based pricing ammonia supply agreement with CF Industries, Inc., including the risk that the cost savings initially anticipated from the agreement may not be fully realized over its term or that the price of natural gas or ammonia during the term are at levels at which the pricing is disadvantageous to Mosaic; customer defaults; the effects of Mosaic's decisions to exit business operations or locations; changes in government policy; changes in environmental and other governmental regulation, including expansion of the types and extent of water resources regulated under federal law, carbon taxes or other greenhouse gas regulation, implementation of numeric water quality standards for the discharge of nutrients into Florida waterways or efforts to reduce the flow of excess nutrients into the Mississippi River basin, the Gulf of Mexico or elsewhere; further developments in judicial or administrative proceedings, or complaints that Mosaic's operations are adversely impacting nearby farms, business operations or properties; difficulties or delays in receiving, increased costs of or challenges to necessary governmental permits or approvals or increased financial assurance requirements; resolution of global tax audit activity; the effectiveness of Mosaic's processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida, the Mississippi River basin, the Gulf Coast of the United States, Canada or Brazil, and including potential hurricanes, excess heat, cold, snow, rainfall or drought; actual costs of various items differing from management's current estimates, including, among others, asset retirement, environmental remediation, reclamation or other environmental regulation, Canadian resources taxes and royalties, or the costs of the MWSPC; reduction of Mosaic's available cash and liquidity, and increased leverage, due to its use of cash and/or available debt capacity to fund financial assurance requirements and strategic investments; brine inflows at Mosaic's potash mines; other accidents and disruptions involving Mosaic's operations, including potential mine fires, floods, explosions, seismic events, sinkholes or releases of hazardous or volatile chemicals; and risks associated with cyber security, including reputational loss; as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.

Contacts:

The Mosaic Company

Media:
Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com
or
Investors:
Laura Gagnon, 813-775-4214
Paul Massoud, 813-244-0669
investor@mosaicco.com

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/660922/Mosaic-Announces-1-Billion-Share-Repurchase-Authorization-Paydown-of-450-Million-November-Debt-Maturity-New-25-Billion-Line-of-Credit-Maturing-in-2026

NEW YORK, NY / ACCESSWIRE / August 23, 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

SOURCE: The Rosen Law Firm, P.A.

View source version on accesswire.com:
https://www.accesswire.com/661002/FIRST-FILING-AND-TOP-RANKED-ROSEN-LAW-FIRM-Encourages-Piedmont-Lithium-Inc-with-LOSSES-OVER-100K-to-Secure-Counsel-Before-Important-Deadline-in-Securities-Class-Action-PLL-PLLL

Toronto, Ontario–(Newsfile Corp. – August 23, 2021) – Eric Sprott announces that on August 21, 2021, 6,666,667 common share purchase warrants (Warrants) of Aben Resources Ltd., (held by 2176423 Ontario Ltd., a corporation he beneficially owns) expired unexercised representing a decrease in holdings of approximately 4.8% of the outstanding common shares (Shares) on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned and controlled 6,866,667 Shares and 6,666,667 Warrants representing approximately 5.3% of the outstanding Shares on a non-diluted basis and approximately 10.0% on a partially diluted basis assuming the exercise of such Warrants.

As a result of the Warrant expiry, Mr. Sprott now owns and controls 6,866,667 Shares representing approximately 5.3% of the outstanding Shares on a non-diluted basis. The Warrants expiry resulted in an ownership change of greater than 2% (to below 10%) and, therefore, the filing of an update to the early warning report.

The Shares are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Aben Resources is located at 1610 – 777 Dunsmuir Street, PO Box 10427, Vancouver, BC V7Y 1K4. A copy of the early warning report with respect to the foregoing will appear on the company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94062