VANCOUVER, BC, Aug. 9, 2021 /CNW/ – Trading resumes in:

Company: Salazar Resources Limited

TSX-Venture Symbol: SRL

All Issues: Yes

Resumption (ET): 12:30 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/August2021/09/c1510.html

Dow futures fell and oil prices sold off. Apple and Square are buy range. The Tesla Cybertruck has been delayed.

(Reuters) -Turquoise Hill Resources said an independent review of$1.4 billion in cost overruns at the Oyu Tolgoi mine in Mongolia suggested that the project's troubles were not caused by the geology issues that mine operator Rio Tinto blamed https://www.reuters.com/article/us-rio-tinto-output-idUKKCN1UA2HH in 2019.

The review "raises certain questions in relation to the project management process" around the cost blowout and delay, Turquoise Hill said.

"Rio Tinto will engage with the OT (Oyu Tolgoi) Board as soon as we have had the opportunity to review the report in detail," Australia's Rio Tinto said in an emailed statement.

Rio owns 51% of Turquoise Hill, which owns 66% of the Oyu Tolgoi mine. The rest of the mine is owned by the government of Mongolia.

Costs to expand the Oyu Tolgoi mine, Rio's biggest copper growth project, have ballooned up to $6.75 billion from its original budget of $5.3 billion in 2016, raising friction over funding with Turquoise Hill.

The Wall Street Journal was first to report the news https://www.wsj.com/articles/rio-tinto-mismanagement-caused-mongolia-copper-mines-woes-report-says-11628503201.

(Reporting by Priyanshi Mandhan in Bengaluru; Editing by Devika Syamnath and Subhranshu Sahu)

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Capri Holdings Limited CPRI: This designer, distributor and retailer of branded women's and men's apparel, footwear, and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 17.7% over the last 60 days.

Capri Holdings Limited Price and Consensus

Capri Holdings Limited price-consensus-chart | Capri Holdings Limited Quote

Daseke, Inc. DSKE: This provider of fleet management, logistics, trucking and open deck transportation services has seen the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

Daseke, Inc. Price and Consensus

Daseke, Inc. price-consensus-chart | Daseke, Inc. Quote

GMS Inc. GMS: This distributor of wallboard and suspended ceilings systems has seen the Zacks Consensus Estimate for its current year earnings increasing 19.6% over the last 60 days.

GMS Inc. Price and Consensus

GMS Inc. price-consensus-chart | GMS Inc. Quote

Jones Lang LaSalle Incorporated JLL: This provider of real estate and investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 28.1% over the last 60 days.

Jones Lang LaSalle Incorporated Price and Consensus

Jones Lang LaSalle Incorporated price-consensus-chart | Jones Lang LaSalle Incorporated Quote

The Mosaic Company MOS: This producer and marketer of concentrated phosphate and potash crop nutrients in North America and globally has seen the Zacks Consensus Estimate for its current year earnings increasing 38.9% over the last 60 days.

The Mosaic Company Price and Consensus

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

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Jones Lang LaSalle Incorporated (JLL) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

GMS Inc. (GMS) : Free Stock Analysis Report

Daseke, Inc. (DSKE) : Free Stock Analysis Report

Capri Holdings Limited (CPRI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

At Insider Monkey, we pore over the filings of nearly 866 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of March 31st. In this article, we will use that wealth of knowledge to determine whether or not Freeport-McMoRan Inc. (NYSE:FCX) makes for a good investment right now.

Is Freeport-McMoRan Inc. (NYSE:FCX) going to take off soon? The best stock pickers were becoming more confident. The number of long hedge fund bets moved up by 7 in recent months. Freeport-McMoRan Inc. (NYSE:FCX) was in 68 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic was previously 61. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that FCX isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 61 hedge funds in our database with FCX holdings at the end of December.

So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). We have been able to outperform the passive index funds by tracking the moves of corporate insiders and hedge funds, and we believe small investors can benefit a lot from reading hedge fund investor letters and 13F filings.

Kerr Neilson of Platinum Asset Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now we're going to go over the fresh hedge fund action encompassing Freeport-McMoRan Inc. (NYSE:FCX).

Do Hedge Funds Think FCX Is A Good Stock To Buy Now?

At the end of the first quarter, a total of 68 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 11% from the fourth quarter of 2020. Below, you can check out the change in hedge fund sentiment towards FCX over the last 23 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

When looking at the institutional investors followed by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the most valuable position in Freeport-McMoRan Inc. (NYSE:FCX). Fisher Asset Management has a $1.4588 billion position in the stock, comprising 1% of its 13F portfolio. The second most bullish fund manager is Lansdowne Partners, led by Suzi Nutton (CEO), holding a $223.3 million position; the fund has 7.3% of its 13F portfolio invested in the stock. Some other peers that are bullish encompass Stanley Druckenmiller's Duquesne Capital, and Kerr Neilson's Platinum Asset Management. In terms of the portfolio weights assigned to each position Prince Street Capital Management allocated the biggest weight to Freeport-McMoRan Inc. (NYSE:FCX), around 18.26% of its 13F portfolio. Lansdowne Partners is also relatively very bullish on the stock, dishing out 7.27 percent of its 13F equity portfolio to FCX.

As industrywide interest jumped, some big names have jumped into Freeport-McMoRan Inc. (NYSE:FCX) headfirst. Holocene Advisors, managed by Brandon Haley, initiated the most outsized position in Freeport-McMoRan Inc. (NYSE:FCX). Holocene Advisors had $47.6 million invested in the company at the end of the quarter. Steven Tananbaum's GoldenTree Asset Management also made a $38.1 million investment in the stock during the quarter. The following funds were also among the new FCX investors: Josh Donfeld and David Rogers's Castle Hook Partners, Gilchrist Berg's Water Street Capital, and Zach Schreiber's Point State Capital.

Let's now take a look at hedge fund activity in other stocks similar to Freeport-McMoRan Inc. (NYSE:FCX). These stocks are Ford Motor Company (NYSE:F), ING Groep N.V. (NYSE:ING), Dow Inc. (NYSE:DOW), Walgreens Boots Alliance Inc (NASDAQ:WBA), Kimberly Clark Corporation (NYSE:KMB), Pinterest, Inc. (NYSE:PINS), and Las Vegas Sands Corp. (NYSE:LVS). All of these stocks' market caps resemble FCX's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position F,49,2197658,8 ING,10,532082,1 DOW,41,717981,-6 WBA,41,1132820,5 KMB,31,1287433,-6 PINS,83,4189031,-12 LVS,62,2441021,-1 Average,45.3,1785432,-1.6 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 45.3 hedge funds with bullish positions and the average amount invested in these stocks was $1785 million. That figure was $3291 million in FCX's case. Pinterest, Inc. (NYSE:PINS) is the most popular stock in this table. On the other hand ING Groep N.V. (NYSE:ING) is the least popular one with only 10 bullish hedge fund positions. Freeport-McMoRan Inc. (NYSE:FCX) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for FCX is 79.7. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 25.8% in 2021 through August 6th and still beat the market by 6.7 percentage points. Hedge funds were also right about betting on FCX, though not to the same extent, as the stock returned 12.4% since Q1 (through August 6th) and outperformed the market as well.

Get real-time email alerts: Follow Freeport-Mcmoran Inc (NYSE:FCX)

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Disclosure: None. This article was originally published at Insider Monkey.

Here are four stocks with buy rank and strong value characteristics for investors to consider today, August 9th:

360 DigiTech, Inc. QFIN: This digital consumer finance platform has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 8.1% over the last 60 days.

360 DigiTech, Inc. Price and Consensus

360 DigiTech, Inc. price-consensus-chart | 360 DigiTech, Inc. Quote

360 DigiTech has a price-to-earnings ratio (P/E) of 4.38, compared with 65.20 for the industry. The company possesses a Value Score of A.

360 DigiTech, Inc. PE Ratio (TTM)

360 DigiTech, Inc. pe-ratio-ttm | 360 DigiTech, Inc. Quote

The Mosaic Company MOS: This producer and marketer of concentrated phosphate and potash crop nutrients has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 38.9% over the last 60 days.

The Mosaic Company Price and Consensus

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

Mosaic Co. has a price-to-earnings ratio (P/E) of 7.23, compared with 15.80 for the industry. The company possesses a Value Score of A.

The Mosaic Company PE Ratio (TTM)

The Mosaic Company pe-ratio-ttm | The Mosaic Company Quote

Cornerstone Building Brands, Inc. CNR: This designer, engineer, manufacturer, marketer, and installer of external building products has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 88.6% over the last 60 days.

Cornerstone Building Brands, Inc. Price and Consensus

Cornerstone Building Brands, Inc. price-consensus-chart | Cornerstone Building Brands, Inc. Quote

Cornerstone Building Brands has a price-to-earnings ratio (P/E) of 6.95, compared with 16.80 for the industry. The company possesses a Value Score of B.

Cornerstone Building Brands, Inc. PE Ratio (TTM)

Cornerstone Building Brands, Inc. pe-ratio-ttm | Cornerstone Building Brands, Inc. Quote

Hanmi Financial Corporation HAFC: This provider of business banking products and services has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 21.8% over the last 60 days.

Hanmi Financial Corporation Price and Consensus

Hanmi Financial Corporation price-consensus-chart | Hanmi Financial Corporation Quote

Hanmi Financial has a price-to-earnings ratio (P/E) of 7.98, compared with 12.90 for the industry. The company possesses a Value Score of B.

Hanmi Financial Corporation PE Ratio (TTM)

Hanmi Financial Corporation pe-ratio-ttm | Hanmi Financial Corporation Quote

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

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

The Mosaic Company (MOS) : Free Stock Analysis Report

Hanmi Financial Corporation (HAFC) : Free Stock Analysis Report

360 DigiTech, Inc. Sponsored ADR (QFIN) : Free Stock Analysis Report

Cornerstone Building Brands, Inc. (CNR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

VANCOUVER, BC, Aug. 9, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Salazar Resources Limited

TSX-Venture Symbol: SRL

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:57 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/August2021/09/c1313.html

A look at the shareholders of Syrah Resources Limited (ASX:SYR) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.

Syrah Resources is not a large company by global standards. It has a market capitalization of AU$740m, which means it wouldn't have the attention of many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about Syrah Resources.

Check out our latest analysis for Syrah Resources

What Does The Institutional Ownership Tell Us About Syrah Resources?

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

Syrah Resources already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Syrah Resources' earnings history below. Of course, the future is what really matters.

Hedge funds don't have many shares in Syrah Resources. Our data shows that AustralianSuper Pty. Ltd. is the largest shareholder with 14% of shares outstanding. For context, the second largest shareholder holds about 7.6% of the shares outstanding, followed by an ownership of 7.2% by the third-largest shareholder.

After doing some more digging, we found that the top 11 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

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

Insider Ownership Of Syrah Resources

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

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

I can report that insiders do own shares in Syrah Resources Limited. It has a market capitalization of just AU$740m, and insiders have AU$66m worth of shares, in their own names. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying.

General Public Ownership

The general public holds a 44% stake in Syrah Resources. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Syrah Resources is showing 2 warning signs in our investment analysis , you should know about…

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

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

This article by Simply Wall St is general in nature. 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. 09, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") today announced that it has filed a directors' circular (the "Directors' Circular") in connection with the proposed acquisition of Noront by BHP Western Mining Resources International Pty Ltd ("BHP" or the "Offeror"), a wholly-owned subsidiary of BHP Lonsdale Investments Pty Ltd. ("BHP Lonsdale").

The Transaction

As announced on July 27, 2021, Noront entered into a definitive Support Agreement pursuant to which BHP has made a take-over bid to acquire all of the issued and outstanding common shares of Noront (the "Noront Shares") for C$0.55 per Noront Share in cash (the "Offer"). The total equity value of the transaction is C$325 million (based on 100% of the fully diluted shares outstanding).

The cash consideration of C$0.55 per Noront Share (the "Offer Price") represents a premium of 129% to Noront's unaffected closing price of C$0.24 on May 21, 2021, the last trading day prior to the date that Wyloo Metals Pty Ltd. ("Wyloo") first publicly announced its intention to make an offer for Noront, and is C$0.235 per share, or 75%, higher than the C$0.315 per share proposed by Wyloo in its announcement on May 25, 2021.

For further details relating to the Offer, please refer to BHP's take-over bid circular in respect of the Offer dated July 27, 2021, which is available on SEDAR (www.sedar.com) under Noront's issuer profile and on Noront's corporate website (www.norontresources.com).

Board Recommendation

The Board of Directors of Noront (the "Board"), acting on the recommendation of the Special Committee, and after evaluating the Offer in consultation with Noront's legal and financial advisors, has determined that the Offer is fair, from a financial point of view, to Noront shareholders ("Shareholders") and in the best interests of Noront and its Shareholders. As such, the Board is recommending that Shareholders tender their Noront Shares and accept the Offer.

"The BHP Offer represents a compelling premium and immediately crystallizes certain value by providing 100% cash consideration for Noront Shares. Noront's Board of Directors recommends that Noront shareholders tender their Noront Shares to the BHP Offer," said Alan Coutts, Noront CEO.

As described in the Directors' Circular, the reasons for the Board's unanimous recommendation of the Offer, among others, include:

• Compelling Premium for Shareholders. The Offer Price represents a 69% premium to the closing price of $0.325 per Noront Share on the TSX Venture Exchange ("TSX-V") on July 26, 2021 (the last trading day prior to the announcement of the Offer) and a 129% premium to the closing price of $0.24 per Noront Share on the TSX-V on May 21, 2021 (the last trading day prior to the announcement by Wyloo of its intention to make an offer to acquire the Noront Shares). The Offer represents a 75% premium to Wyloo's proposed offer price of $0.315 per Noront Share.

• Cash Provides Certainty of Value and Liquidity. The consideration under the Offer is all cash, giving depositing Shareholders certainty of value and immediate liquidity while removing financing, market, regulatory and execution risks to Shareholders.

• No Financing Condition. The Offer is not subject to any financing condition. The Offeror intends to fund the cash consideration for the Noront Shares through available cash resources.

• Search for the Best Alternative. Following Wyloo's announcement on May 25, 2021 of its intention to make an offer for the Noront Shares, a Special Committee of Independent Directors was formed with the mandate of considering the proposed Wyloo bid and other strategic alternatives available to the Company, including, among other alternatives, maintaining the status quo as a publicly-traded company. The Special Committee and the Board ultimately determined on July 26, 2021 to support the Offer.

• TD Securities Fairness Opinion. TD Securities provided the Board with an opinion to the effect that, as of the date of such opinion, subject to the assumptions, limitations, and qualifications which are set out in the opinion that is attached as Appendix "B" to the Directors' Circular (the "TD Securities Fairness Opinion"), the Offer is fair, from a financial point of view, to Shareholders (other than BHP Lonsdale and its affiliates). The full text of the TD Securities Fairness Opinion is attached as Appendix "B" to the Directors' Circular. The Board recommends that Shareholders read the TD Securities Fairness Opinion in its entirety.

• Stifel Fairness Opinion. Stifel, who is also acting as independent valuator engaged to prepare a formal valuation of the Noront Shares in connection with the proposed Wyloo bid, provided the Special Committee and the Board with an opinion to the effect that, as of the date of such opinion, subject to the assumptions, limitations, and qualifications which are set out in the opinion that is attached as Appendix "C" to the Directors' Circular (the "Stifel Fairness Opinion"), the Offer is fair, from a financial point of view, to Shareholders (other than BHP Lonsdale and its affiliates). The full text of the Stifel Fairness Opinion is attached as Appendix "C" to the Directors' Circular. The Board recommends that Shareholders read the Stifel Fairness Opinion in its entirety.

• Ability to Respond to Superior Proposals. The Board has reserved the ability to respond to unsolicited proposals that may deliver greater value to Shareholders than the Offer. The terms and conditions of the support agreement do not prevent an unsolicited third party from proposing or making a superior proposal and, provided the Company complies with the terms of the support agreement, do not preclude the Board from responding to, considering and acting on a superior proposal. The Company is permitted to terminate the support agreement to accept, approve or recommend a superior proposal that is made and not matched by the Offeror, provided that the Company pays the Offeror the requisite termination payment.

• Arm's Length Negotiations. Active, arm's length negotiations between the Special Committee and the Offeror resulted in the price of the Offer being increased during its negotiations with the Offeror and finally agreed upon at an amount considered to be fair, from a financial point of view, to Shareholders, based on the financial and legal advice received by the Special Committee and the Board, including the TD Securities Fairness Opinion and the Stifel Fairness Opinion, subject to the scope of review, assumptions and limitations and other matters described therein.

• Project Execution and Development Risk. The Board and the Special Committee believe that the Offer provides Shareholders with the value inherent in the Company's portfolio of projects, including the Eagle's Nest Project, without the long-term risks associated with the development and execution of those projects. Given the relatively early stage of the Company's projects, it will be several years before the Eagle's Nest Project or other projects in the portfolio reach commercial production, if at all.

• Significant Growth Funding Required. The Company's development and exploration projects have significant funding requirements to bring them to the production stage. The Company currently has limited cash to fund the necessary capital projects and near-term debt maturities, which will be a further drain on cash. Equity financing sufficient to repay debt and fund the progress of the Company's business plan, if available, may be significantly dilutive to Shareholders.

• Support of Shareholders. Based on the reasons underpinning the Board's recommendation, certain Shareholders, including certain directors and each executive officer of the Company, have entered into lock-up agreements with the Offeror pursuant to which they have agreed to, inter alia, support the Offer and to deposit all Noront Shares held or to be acquired by them pursuant to the exercise of options or share awards, representing approximately 9.9% of the issued and to be issued Noront Shares, on a fully-diluted basis, subject to the terms and conditions of such agreements.

• Unanimous Recommendation of the Board. The members of the Board who voted on the matter have, after consultation with the Board's financial and legal advisors and the Special Committee, UNANIMOUSLY DETERMINED that the Offer is in the best interests of the Company and the Shareholders and the Offer Price is fair, from a financial point of view, to the Shareholders and, accordingly, UNANIMOUSLY RECOMMENDED that Shareholders ACCEPT the Offer and DEPOSIT their Noront Shares under the Offer.

Noront Directors' Circular

Noront's Directors' Circular is available electronically on SEDAR (www.sedar.com) under Noront's issuer profile and on Noront's corporate website (www.norontresources.com), and is being mailed to all persons required to receive a copy under applicable securities laws.

The Board encourages Noront shareholders to carefully read the information sent to them and to DEPOSIT their Noront Shares. Noront Shareholders are encouraged to tender their Noront Shares as soon as possible.

Shareholder Questions and Assistance

Noront shareholders who have questions or require assistance in considering the all-cash, recommended BHP Offer, should visit www.noronttender.ca or should contact the depositary and information agent for the Offer, Kingsdale Advisors, by telephone toll-free at 1-866-581-0512 (416-867-2272 for collect calls outside North America) or by email at contactus@kingsdaleadvisors.com.

About Noront Resources

Noront Resources Ltd. is focused on the development of its high-grade Eagle's Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com

Forward Looking Statements

Certain statements contained in this press release contain "forward-looking information" within the meaning of applicable securities laws and are prospective in nature. Forward-looking information and statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements.

Forward-looking statements include, but are not limited to, statements regarding: the Offer, including the results and effects of the Offer and reasons to accept the Offer.

Although Noront believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs that the Offer will be successful, that all required regulatory consents and approvals will be obtained and all other conditions to completion of the transaction will be satisfied or waived, and the ability to achieve goals. Noront cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within the control of the Offeror, BHP Lonsdale or Noront, and there is no assurance that they will prove correct. Consequently, there can be no assurance that the actual results or developments anticipated by Noront will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, Noront or its future results and performance.

Forward-looking information and statements in this press release are based on Noront's beliefs and opinions at the time the statements are made, and there should be no expectation that these forward-looking statements will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and Noront disavows and disclaims any obligation to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Noront.

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

The daily On-Balance-Volume (OBV) line shows weakness from early May and is close to making a new low for the move down. In this daily Point and Figure chart of FMC, below, we can see a potential downside price target in the $89 area. In this weekly Point and Figure chart of FMC, below, we used close only price data.

KELOWNA, BC / ACCESSWIRE / August 9, 2021 / Diamcor Mining Inc. (TSX-V:DMI)(OTCQB:DMIFF), ("Diamcor" or, the "Company") announced today it achieved very encouraging results in its tender and sale of rough diamonds recovered from the processing of quarry material at the Company's Krone Endora at Venetia Project (the "Project"). In July 2021, the first month of its current fiscal quarter ending September 30, 2021, the Company tendered and sold a total of 2,989.54 carats. The results confirm the potential for increased average dollar per carat values from the operational and processing refinements made by the Company, and from the recovery of larger gem quality rough diamonds in the special category (+10.8 carats).

Highlights of the Company's sales of rough diamonds offered for tender in July 2021 are as follows:

• The total combined rough diamonds offered for tender and sold in July 2021 was 2,989.54 carats, generating initial gross revenues for the quarter to date of USD $744,085.44, resulting in a combined average price of USD $248.90 per carat.

• The initial sale of 1,560.39 carats of rough diamonds recovered from the processing of quarry material were tendered and sold in early July 2021, generating gross revenues of USD $271,509.02, and an average price of USD $174.00 per carat.

• The second sale in late July of 1,429.15 additional carats of rough diamonds recovered from the processing of quarry material, generated additional gross revenues of USD $472,576.28, resulting in an average price of USD $330.67 per carat.

• The tender and sales again included several rough diamonds in the specials (+10.8 carats) category.

• The Company plans to offer additional rough diamonds during the quarter for tender and sale in August and September of 2021.

• Overall demand and pricing in a majority of the rough diamond assortments tendered and sold by the Company continue to meet or exceed expectations.

The size and quantity of special rough diamonds in the sales and tenders held in July 2021 are not seen as uncommon for the Project, which continues to demonstrate its ability to generate significant dollar per carat results and revenues when processing quarry material.

"We are once again pleased with these results, which continue to provide confirmation of our ability to achieve strong dollar per carat and gross revenue numbers while operating on lower volumes due to the COVID-19 Pandemic", stated Mr. Dean Taylor, Diamcor CEO. "Given these continued results, we are now focused on the previously announced objective of completing the first phase of upgrades. These upgrades are aimed at providing us with the potential to increase our current processing volumes by up to 100% prior to September 30, 2021, and all efforts in this regard are either progressing as planned or ahead of schedule."

About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.

About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. Tiffany & Co. is a publicly traded company which is listed on the New York Stock Exchange under the symbol TIF. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.

About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project's total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade "Alluvial" basal deposit which is covered by a lower-grade upper "Eluvial" deposit. The deposits are proposed to be the result of the direct-shift (in respect to the "Eluvial" deposit) and erosion (in respect to the "Alluvial" deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.

Qualified Person Statement:

Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor's exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta ("APEGA"). Mr. Hawkins has reviewed this press release and approved of its contents.

On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com

For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 355-7179

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

WE SEEK SAFE HARBOUR

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

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/658882/Diamcor-Announces-Results-in-Initial-Tender-and-Sales-of-Current-Quarter

DENVER, CO / ACCESSWIRE / August 9, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") has confirmed the up-dip extension of the Switchback vein system, approximately 30 meters (two mine levels) above the existing mine workings and has intersected additional mineralization outside of current mining areas which provides the Company with the opportunity to potentially develop a new mineralized zone.

Mr. Allen Palmiere, President and CEO of Gold Resource Corporation. "The results of drilling completed in the first half of 2021 have confirmed the potential for identifying new resources at the Don David Gold Mine. The focus of our geologists, has been to explore new areas and to continue identifying additional mineralization along strike and up-dip at shallower elevations above the current mine workings."

Mr. Nick Suter, Interim Vice President, Exploration commented, "Confirmation of the continuity of the robust Sandy vein at higher levels presents an opportunity to develop a new mineralized zone in the more easily accessible northern part of the Arista mine. Our objectives going forward continue to be to test these zones and extensions in order to expand resources of this growing system, as well as continue infill drilling to upgrade mineralized material to measured and indicated mineral resources."

Switchback drill highlights include:

Hole # 521013:

• 5.37 m grading 1.51 g/t gold, 95 g/t silver, 0.21% copper, 1.22% lead, 1.84% zinc

incl. 2.90 m grading 2.61 g/t gold, 155 g/t silver, 0.25% copper, 2.07% lead, 3.00% zinc

Hole# 521014:

• 0.78 m grading 0.82 g/t gold, 640 g/t silver, 0.24% copper, 0.24% lead, 0.84% zinc

Hole# 521015:

• 1.55m grading 0.01 g/t gold, 2,610 g/t silver, 0.31% copper, 0% lead, 0% zinc

Hole # 521018:

• 0.36 m grading 4.45 g/t gold, 4,460 g/t silver, 0.03% copper, 1.05% lead, 2.36% zinc

The first two holes drilled from an underground exploration drill station located in a development ramp of the mine's Switchback vein system, confirmed the up-dip extension of the Switchback vein system, approximately 30 meters (two mine levels) above the existing mine workings. These intersections extend near mine up-dip continuity further to the west-northwest, with both the Soledad and Selene veins intersected. The latter two drill holes, drilled from a drill station located in a dedicated exploration development drift in the hanging-wall of the Switchback system, have identified narrow structures that have been correlated to veins in the Switchback system; these structures are approximately 80 to 100 meters above the previously identified upper limit of the Switchback vein system and extend the known mineralization to shallower depths.

Assays by ALS, Vancouver, BC Canada. Meters down hole, Not true width.

Plan View of Switchback mining Area for Reference Showing holes referenced in above table

Cross Section view (A-AA), looking west-northwest, of Switchback mine area to provide context for elevation of holes relative to mine workings.

Sandy vein system drill highlights include:

Hole # 521021:

• 8.67 m grading 1.61 g/t gold, 33 g/t silver, 0.48% copper, 2.40% lead, 2.13% zinc

incl. 2.77 m grading 4.88 g/t gold, 75 g/t silver, 0.93% copper, 6.40% lead, 3.96% zinc

Hole # 521022:

• 1.18 m grading 2.32 g/t gold, 19 g/t silver, 0.21% copper, 1.38% lead, 6.79% zinc

(m=meters, g/t=gram per tonne; full drill table below)

In addition, five (5) drill holes confirmed the continuity of the mineralized Sandy 1 vein which is sub-parallel to the Switchback vein system and between the Arista and Switchback vein systems. In addition to the three holes reported below, one hole hit the vein system, but it was not significantly mineralized in the area of intersection and the results from the final hole are pending. The Sandy vein system is believed to be a feeder to the higher elevation Sasha and Sadie veins drilled from the same drill station located approximately 500 meters to the northeast of the mine's Arista vein system. The Sandy 1 vein is open on dip and along strike to the northwest, whilst southeastern potential, including linkage to the Switchback system, is being evaluated.

Drill highlights in this area include:

Assays by ALS, Vancouver, BC Canada. Metres down hole, Not true width.

Plan View of dedicated exploration Drill Development North for Reference Showing holes referenced in above table (highlighted drill stations have drilling planned for Q3 and q4)

Cross Section view (B-BB), looking northwest, of Sandy 1 vein area to provide context of holes relative to mine workings.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

Cautionary Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations,Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-Q filed with the SEC.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/659037/Gold-Resource-Corporation-Q2-2021-Drill-Results-Adds-Mineralized-Material

HudBay Minerals (HBM) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -77.78%. A quarter ago, it was expected that this mining company would post earnings of $0.04 per share when it actually produced a loss of $0.06, delivering a surprise of -250%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

HudBay Minerals, which belongs to the Zacks Mining – Miscellaneous industry, posted revenues of $404.24 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 3.10%. This compares to year-ago revenues of $208.91 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

HudBay Minerals shares have lost about 5.7% since the beginning of the year versus the S&P 500's gain of 18.1%.

What's Next for HudBay Minerals?

While HudBay Minerals has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for HudBay Minerals was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.10 on $396.46 million in revenues for the coming quarter and $0.26 on $1.53 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Miscellaneous is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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TORONTO, Aug. 9, 2021 /CNW/ – Adventus Mining Corporation ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQB: SRLZF) (collectively the "Partners") are pleased to announce the identification of a new volcanogenic massive sulphide ("VMS") system approximately 4.5 km southwest of the El Domo VMS deposit ("El Domo") located within the 21,537-hectare Curipamba project in central Ecuador.

Highlights – Drill Results from the Agua Santa Target at Curipamba:

• CREG-008 was the first drill hole at the Agua Santa target and intersected 6.34 metres of 1.77% copper, 1.46 g/t gold, 7.45% zinc, 23.2 g/t silver, and 0.24% lead – including 1.40 metres of 1.58% copper, 2.67 g/t gold, 31.20% zinc, 55.0 g/t silver, and 1.01% lead

• One drill rig is actively working at Agua Santa following up the massive sulphide mineralization identified in drill hole CREG-008

Regional drilling on the Agua Santa target (Figure 1) started mid-June 2021 and six drill holes have been successfully completed totaling 1,588 metres with one drill hole in progress. VMS mineralization was identified in the first drill hole of the work program designed to test the edge of a Mobile MT ("MMT") airborne geophysical anomaly (Figure 1) that coincided with both favourable geology and surface geochemistry results from prospecting in nearby creek beds. The drill site location was limited due to limited access to surface rights, but the Partners have recently purchased additional surface rights providing wider access and coverage of the MMT geophysical anomaly for additional drilling.

Figure 1: Drill Collar Location Map

Drill hole CREG-008 (Figure 2) intersected a different volcanic stratigraphy than El Domo, dominated by mafic volcanic rocks with massive sulphide intersected in three separate intervals from 60.52 to 66.86 metres with variably mineralized volcaniclastic rocks in between the massive sulphide, noting the highly fragmental appearance of the mineralization.

Figure 2: Drill Section – First drill hole CREG-008 at the Agua Santa target

In the footwall of the massive sulphide mineralization in CREG-008, several broad zones of pyritic stringer stockwork in massive mafic volcanic rocks were observed with focused hydrothermal alteration halos directly around the mineralization. The strongest occurrence of pyritic stringer stockwork in CREG-008 occurs from 158.00 to 164.60 metres of semi-massive to massive sulphide. No significant results were obtained from the pyritic stringer stockwork. Analytical results from the additional drill holes at Agua Santa will be released once data has been received from the laboratory and the results have passed the Partners' quality assurance and quality control ("QAQC") protocols. Drill collar locations of all drill holes are presented in Table 1.

As a result of the identification of this new VMS system, the Partners have increased the regional drilling budget from 4,000 metres to 6,000 metres in 2021, principally to further assess the Agua Santa area. Other high priority targets defined during the 2020 target generation initiative process remain untested (see January 21, 2020 news release). Of key importance is that most of these targets are new and have not seen significant exploration or drilling historically.

Technical Information and QAQC
The Curipamba project work program is being managed and reviewed by Vice President Exploration, Jason Dunning, M.Sc., P.Geo., a Qualified Person within the meaning of NI 43-101. Salazar staff collect and process samples that are securely sealed and shipped to Bureau Veritas ("BV") in Quito for sample preparation that includes crushing and milling to prepare pulps that are then split for shipment to their facility in Vancouver, Canada for analysis. All assay data have undergone internal validation of QAQC; noting there is an established sampling control program with blind insertion of assay blanks, certified industry standards and sample duplicates for the Curipamba project. A QAQC program is also in place at BV and includes insertion of blanks, standards, and duplicate reanalysis of selected samples. BV's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. At BV, samples from regional drilling have silver and base metals analyzed by a modified ore grade 24-element aqua regia technique with ICP-ES finish. Gold is analyzed by fire assay fusion with AAS finish. Overlimit protocols are in place for gold, silver, copper, lead, and zinc.

Qualified Person
The technical information of this news release has been reviewed and verified as accurate by Mr. Jason Dunning, M.Sc., P.Geo., Vice President Exploration for Adventus, a non-Independent Qualified Person, as defined by NI 43-101.

About Adventus
Adventus Mining Corporation is an Ecuador focused copper-gold exploration and development company. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus is advancing the El Domo copper-gold project through a feasibility study, while exploring the broader Curipamba district. In addition, Adventus is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Adventus also controls an exploration project portfolio in Ireland with South32 Limited as funding partner as well as an investment portfolio of equities in several exploration companies. Adventus is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.

About Salazar
Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

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

This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.

Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, 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 such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.

Please also visit the Adventus website at www.adventusmining.com and LinkedIn page at https://www.linkedin.com/company/adventus-mining-corporation.

Table 1: Drill Collar Information (UTM Datum – Provisional South American 1956, Zone 17)

SOURCE Adventus Mining Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2021/09/c8459.html

VANCOUVER, British Columbia, Aug. 09, 2021 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces today that it has amended its existing credit facility (the “Amended Loan Facility”) on favourable terms, increasing the Loan Facility size to US$350 million from its current US$300 million. The Amended Loan Facility is comprised of a US$100 million non-revolving term credit facility (the “Term Facility”) and a US$250 million revolving credit facility (the “Revolving Facility”).

The Term Facility was used to refinance the existing term loan (US$100 million on closing date) and the Revolving Facility will be available for general corporate purposes. The Amended Loan Facility has been made available for a term of four years, maturing on August 8, 2025.

“The increase in available liquidity combined with our strong financial performance provides us with flexibility and positions us to seize operational and strategic opportunities as they arise,” said Jacques Perron, President and Chief Executive Officer of Pretivm.

The Term Facility is to be repaid by way of seventeen equal quarterly installments of principal plus accrued interest commencing on September 30^th, 2021. Any funds drawn on the Revolving Facility are repayable in a single, lump sum payment (principal and all accrued and unpaid interest) on the maturity date.

The Amended Loan Facility is available by way of US dollar London Interbank Offered Rate (“LIBOR”) loans that bear interest at LIBOR (or Secured Overnight Financing Rate, after the cessation of LIBOR) plus an applicable margin (ranging from 2.5% to 3.5%) determined based on the Company’s net leverage ratio, as well as other customary borrowing options. The Amended Loan Facility includes standard and customary finance terms and conditions including with respect to fees, representations, warranties, and covenants.

The terms and conditions of the Amended Loan Facility are set out in the Amended and Restated Credit Agreement made among the Company and a syndicate of lenders. The Bank of Nova Scotia acted as administrative agent, the Bank of Nova Scotia, ING Capital LLC and SG Americas Securities, LLC acted as the joint lead arrangers and joint bookrunners, with ING Capital LLC and SG Americas Securities, LLC acting as co-syndication Agents.

About Pretivm

Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine.

For further information contact:

Troy Shultz
Manager, Investor Relations &
Corporate Communications

Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
invest@pretivm.com
(SEDAR filings: Pretium Resources Inc.)

Regarding Forward-Looking Information

This news release contains “forward-looking information” and “forward looking statements”, within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as “forward-looking information”), including the “safe harbour” provisions of Canadian provincial securities legislation and the U.S. Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended.

Wherever possible, words such as “plans”, “expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “modeled”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking information. Forward-looking information may include, but is not limited to, statements with respect to: the Amended Loan Facility, including its terms, use of funds, maturity and repayment; our liquidity and the adequacy of our financial resources (including capital resources); our intentions with respect to our capital resources; capital allocation plans; and our financing activities, including plans for the use of proceeds thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking information, including, without limitation, those related to: uncertainty as to the outcome of legal proceedings; the effect of indebtedness on cash flow and business operations; the effect of a pandemic and particularly the COVID-19 outbreak as a global pandemic and at the Brucejack Mine on the Company’s business, financial condition and results of operations and the impact of the COVID-19 outbreak on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, financial condition and results of operations; the effectiveness of our COVID-19 management plans, related protocols and preventative measures; the effect of restrictive covenants pursuant to the Amended Loan Facility; assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections; our production, gold grade, milling recovery, cash flow and cost estimates, including the accuracy thereof; commodity price fluctuations, including gold and silver price volatility; the accuracy of our Mineral Resource and Reserve estimates (including with respect to size, grade and mining and milling recoverability) and the geological, operational costs and price assumptions on which they are based; our need or ability to raise enough capital to mine, develop, expand or complete further exploration programs on our mineral properties; our ability to generate operating revenues and cash flow in the future; and such other risks as are identified in Pretivm’s public disclosure documents filed on SEDAR at www.sedar.com and in the United States through EDGAR at the Security and Exchange Commission’s website at www.sec.gov (collectively, the “Pretivm Disclosure Documents”). This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance or achievements to differ from those anticipated, estimated or intended.

Our forward-looking information is based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond our control. In connection with the forward-looking information contained in this news release, we have made certain assumptions about, among other things: our business and operations and that no significant event will occur outside of our normal course of business and operations (other than as expressly set out herein); the impact of the COVID-19 pandemic and outbreak, including on our operations and workforce; planned exploration, development and production activities and the results, costs and timing thereof; future price of gold and silver and other metal prices; the accuracy of our Mineral Resource and Mineral Reserve estimates and related information, analyses and interpretations (including with respect to any updates or anticipated updates); the geology and mineralization of the Brucejack Mine; operating conditions; capital and operating cost estimates; production and processing estimates; the results, costs and timing of future exploration and drilling; timelines and similar statements relating to the economic viability of the Brucejack Mine; the geopolitical, economic, permitting and legal climate that we operate in; the adequacy of our financial resources, and our ability to raise any necessary additional capital on reasonable terms; our ability to satisfy the terms and conditions of our debt obligations; commodity prices; currency exchange rates and interest rates; political and regulatory stability; requirements under applicable laws; market competition; sustained labour stability and availability of equipment; positive relations with local groups; favourable equity and debt capital markets; stability in financial capital markets; and the litigation we are currently involved in. Although we believe that the assumptions inherent in forward-looking information are reasonable as of the date of this news release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information contained in this news release.

Additional information about the risks and uncertainties concerning forward-looking information and material factors or assumptions on which such forward-looking information is based is provided in the Pretivm Disclosure Documents.

Forward-looking information is not a guarantee of future performance. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in this news release and the Pretivm Disclosure Documents. For the reasons set forth above, readers and prospective investors should not place undue reliance on forward-looking information.

We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.

With the economy gradually gathering steam, quite a few market pundits are placing their bets on value stocks. Investment in stocks made on diligent value analysis is usually considered one of the best practices. In value investing, investors pick stocks that are cheap but fundamentally sound. There are a number of ratios to identify value stocks but none alone can conclusively determine their inherent potential.

Each ratio helps an investor to understand a particular aspect of the company’s business. One such ratio, Price to Cash Flow (or P/CF), can work wonders in stock picking, if used prudently. This metric evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per share basis – the lower the number, the better.

You must be wondering why we are considering this when the most widely used valuation metric is Price/Earnings (or P/E). Well, one of the important factors that makes P/CF a highly dependable metric is that operating cash flow adds back non-cash charges such as depreciation and amortization to net income, truly diagnosing the financial health of a company.

Analysts caution that a company’s earnings are subject to accounting estimates and management manipulation. Then again, cash flow is quite reliable. Net cash flow unveils how much money a company is actually generating and how effectively management is deploying the same.

A positive cash flow indicates an increase in the company’s liquid assets. This gives the company the means to settle debt, shell out for its expenses, reinvest in its business, endure downturns and finally undertake shareholder-friendly moves. Negative cash flow implies a decline in the company’s liquidity, which, in turn, lowers its flexibility to support these endeavors.

However, an investment decision solely based on the P/CF metric may not fetch the desired results. To identify stocks that are trading at a discount, you should expand your search criteria and take into account price-to-book ratio, price-to-earnings ratio and price-to-sales ratio. Adding a favorable Zacks Rank and a Value Score of A or B to your search criteria should lead to even better results as these eliminate the chance of falling into a value trap.

The Bargain Hunting Strategy

Here are the parameters for selecting true value stocks:

P/CF less than or equal to X-Industry Median.

Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.

Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.

P/E using (F1) less than or equal to X-Industry Median: This parameter shortlists stocks that are trading at a discount or are equal to its peers.

P/B less than or equal to X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.

P/S less than or equal to X-Industry Median: The P/S ratio determines how a stock price compares to the company’s sales — the lower the ratio the more attractive the stock is.

PEG less than 1: The ratio is used to determine a stock's value by taking the company's earnings growth into account. PEG ratio gives a more complete picture than P/E ratio. A value of less than 1 indicates that the stock is undervalued and that investors need to pay less for a stock that has robust earnings growth prospect.

Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.

Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.

Here are five of the 20 stocks that qualified the screening:

Vale S.A. VALE, which produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking, has a Zacks Rank #1 and an expected EPS growth rate of 30.7% for three-five years. The company has a trailing four-quarter earnings surprise of 14.3%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.

Atlas Corp. ATCO, a leading global asset management company, carries a Zacks Rank #2. It has an expected EPS growth rate of 14.5% for three-five years. The company has a trailing four-quarter earnings surprise of 7.2%, on average.

Affiliated Managers Group, Inc. AMG, an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals, carries a Zacks Rank #2. It has an expected EPS growth rate of 15% for three-five years. The company has a trailing four-quarter earnings surprise of 8.4%, on average.

Celestica Inc. CLS, which provides hardware platform and supply chain solutions, has an expected EPS growth rate of 10.2% for three-five years. This Zacks Rank #2 company has a trailing four-quarter earnings surprise of 15.5%, on average.

Blucora, Inc. BCOR, which provides technology-enabled financial solutions, has a Zacks Rank #2 and an expected EPS growth rate of 15% for three-five years. The company has a trailing four-quarter earnings surprise of 27.5%, on average.

Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

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TORONTO, Aug. 09, 2021 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or “the Company”) (TSX: MND, OTCQB: MNDJF) announces that its second quarter 2021 financial results will be released after market close on August 11, 2021, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay for investors and analysts on August 12, 2021, at 8:00 AM (Toronto time).

Analysts and interested investors are invited to participate using the following dial-in numbers:

A replay of the conference call will be available until 11:59 PM (Toronto time), August 26, 2021, and can be accessed using the following dial-in number:

For Further Information:

Dominic Duffy
President and Chief Executive Officer

Edison Nguyen
Manager, Analytics and Investor Relations

Contact:
(647) 260-1566

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine), Sweden (Björkdal gold mine) and Chile (Cerro Bayo gold-silver mine). The Company is focused on growing its production and reducing costs to generate significant positive cashflow.

Mandalay’s mission is to create shareholder value through the profitable operation of both its Costerfield and Björkdal mines. Currently, the Company’s main objective is to continue mining the high-grade Youle vein at Costerfield, which continues to supply high-grade ore, and to extend Youle’s Mineral Reserves at depth and to the south, as well as continuing the regional exploration program. At Björkdal, the Company will aim to increase production from the Aurora zone and other higher-grade areas in the coming years, in order to maximize profit margins from the mine and continue exploration in near mine and regional.

(Reuters) – An expert group reviewing the cause of a $1.4 billion cost overrun at a Mongolian mine run by Rio Tinto said it was caused by the miner's mismanagement, the Wall Street Journal reported on Monday, citing a report.

Costs to expand the Oyu Tolgoi mine, Rio's biggest copper growth project, have ballooned up to $6.75 billion from Rio's original budget of $5.3 billion in 2016, and this has led to a friction over funding with Turquoise Hill.

Turquoise Hill, in which Rio has a 50.8% stake, owns 66% of Oyu Tolgoi, one of the world's largest-known copper and gold deposits. The rest is held by the Mongolian government.

The report, which was commissioned by the owners of the copper project, said the cost overrun was not due to unfavorable rock conditions as blamed by the one of world's largest miner, the WSJ reported.

"This confidential report will be considered by the OT (Oyu Tolgoi) Board and Rio Tinto will engage with the OT Board as soon as we have had the opportunity to review the report in detail," Rio Tinto said in an emailed statement.

There was no evidence that the quality of the rock and general ground conditions were significantly different to that forecast by the miner's owners in 2016, according to the report.

The WSJ report said the U.S. Securities and Exchange Commission and British regulators were looking into the matter.

Turquoise Hill Resources did not immediately respond to a Reuters request for comment.

(Reporting by Priyanshi Mandhan in Bengaluru; Editing by Subhranshu Sahu)

BETHESDA, Md., Aug. 9, 2021 /PRNewswire/ — Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Thursday, August 12, 2021, at 8:30 a.m. ET. The Company will release its second quarter earnings report for 2021, which ended June 30, 2021, after the close of markets on Wednesday, August 11.

The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through August 22, 2021.

Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.

Contact:
Lindsey Geisler (301) 564-3392 or GeislerLR@centrusenergy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-to-webcast-conference-call-on-august-12-at-830-am-et-301351476.html

SOURCE Centrus Energy Corp.

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Monday, August 9th. Please refresh for updates.

Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB) stocks all fell between 1.2% and 2.5% after oil prices slumped as a surge in Covid-19 cases in China resulted in the second-largest consumer in the world introducing new mobility restrictions.

Freeport-McMoran Copper&Gold (NYSE:FCX) stock fell 1.6% after the miner and world's largest publicly traded copper producer suffered from the sharp drop in gold and base metal prices.

Tesla (NASDAQ:TSLA) stock rose 1.7% after Jefferies upgraded its investment recommendation of the electric car manufacturer’s stock to ‘buy’ from ‘neutral’, saying the company is still an innovation leader and the stock can rally 22% from here.

Dollar Tree (NASDAQ:DLTR) stock fell 1.5% after Deutsche Bank downgraded its stance on the discount retailer to ‘hold’ from ‘buy’, saying rising costs will hurt the company’s margins.

Alibaba (NYSE:BABA) stock fell 1% after criticism in China’s state media over the e-commerce retailer’s handling of a sexual assault case involving a manager and an employee.

Darden Restaurants (NYSE:DRI) stock fell 0.9% after Evercore ISI downgraded its stance on the restaurant chain, saying the market is underestimating how much rising labor costs will hit earnings.

Sanderson Farms (NASDAQ:SAFM) stock rose 7.5% after the meat producer agreed to be bought for $4.53 billion by commodities trader Cargill and investment firm Continental Grain.

Uber (NYSE:UBER) stock fell 0.3% after the ride-hailing firm announced plans to raise $1.5 billion in debt via an issue of senior notes.

NetEase (NASDAQ:NTES) stock rose 2.2% after Reuters reported that the tech company has delayed the $1 billion Hong Kong initial public offering of its music streaming service Cloud Village.

Tyson Foods (NYSE:TSN) stock rose 3.6% after the beef and poultry producer beat quarterly expectations, helped by restaurants reopening after the pandemic.

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Alabama to Be Home to One of the First Large Scale Graphite Production Sites in the USA

Construction to Begin Later This Year

U.S. Government Has Declared Graphite Critical to National Security

CENTENNIAL, Colo., August 09, 2021–(BUSINESS WIRE)–Westwater Resources, Inc. (NYSE American: WWR), a battery graphite development company, will hold a conference call to discuss its financial results for the second quarter ended June 30, 2021, and developments at its Coosa Graphite Project. The call will be held on Thursday, August 12, 2021 at 11:00am EDT.

In addition to financial results, management will discuss recent events and progress at its Coosa Graphite Project and the significant milestones WWR has achieved. On June 22, 2021, management joined Alabama Gov. Kay Ivey and other state and local leaders at a press conference in Montgomery to announce the governor and local leaders signing of incentives agreements that will bring Westwater’s first-of-its kind, advanced graphite processing plant to the state.

DIAL-IN-NUMBER

• 1-800-319-4610 (USA and Canada)

• 1-604-638-5340 (International)

• Conference ID: Westwater Resources Conference call

Hosting the call will be Christopher M. Jones, President and Chief Executive Officer of Westwater Resources, who will be joined by Jeffrey L. Vigil, Vice President-Finance and Chief Financial Officer; Chad M. Potter, Chief Operating Officer and Dain A. McCoig, Vice President of Operations.

Mr. Jones will present an update on the Company’s business, as well as a special report and update on the Coosa Graphite Project. Mr. Vigil will review the financial results and financial condition of the Company. Mr. Potter and Mr. McCoig will be available for questions as part of the call.

The conference call presentation recording will also be available on the company’s website: www.westwaterresources.net

A replay of the call will be available on the company’s website for a limited time and by phone:

• 1-855-669-9658 (USA and Canada)

• 1-412-317-0088 (Internationally)

• Replay access code: 7387

The conference call presentation will also be available via a live web cast through the Company’s website, www.westwaterresources.net.

About Westwater Resources

Westwater Resources (NYSE American: WWR) is focused on developing battery-grade graphite. The Company’s projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. For more information, visit www.westwaterresources.net.

Cautionary Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to the commencement of operations at the Company’s proposed processing plant facilities, future production of battery graphite products, future financing activities and financial resources, the benefits of the incentive package with the State of Alabama and local municipalities, the timing and content of the Definitive Feasibility Study on the Coosa Graphite Processing Facility, and activities involving the Coosa Graphite Project and the Coosa Graphite Deposit. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to successfully construct and operate a processing plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19; (e) operating conditions at the Company’s projects; (f) government regulation of the graphite industry and the vanadium industry; (g) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (i) the effect of inflation and supply chain disruptions on the anticipated cost to construct and commence operations at our planned processing plant; (j) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (k) currently pending or new litigation or arbitration; and (l) other factors which are more fully described in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210809005847/en/

Contacts

Westwater Resources

Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
Email: Sales@westwaterresources.net

Investor Relations
Porter, LeVay & Rose
Michael Porter, President
Phone: 212.564.4700
Email: Westwater@plrinvest.com

If you want to know who really controls Abitibi Royalties Inc. (CVE:RZZ), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. Warren Buffett said that he likes "a business with enduring competitive advantages that is run by able and owner-oriented people." So it's nice to see some insider ownership, because it may suggest that management is owner-oriented.

Abitibi Royalties is a smaller company with a market capitalization of CA$284m, so it may still be flying under the radar of many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have not yet purchased much of the company. Let's take a closer look to see what the different types of shareholders can tell us about Abitibi Royalties.

Check out our latest analysis for Abitibi Royalties

What Does The Institutional Ownership Tell Us About Abitibi Royalties?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

Less than 5% of Abitibi Royalties is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. If the company is growing earnings, that may indicate that it is just beginning to catch the attention of these deep-pocketed investors. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time. The history of earnings and revenue, which you can see below, could be helpful in considering if more institutional investors will want the stock. Of course, there are plenty of other factors to consider, too.

Hedge funds don't have many shares in Abitibi Royalties. Golden Valley Mines And Royalties Ltd. is currently the company's largest shareholder with 45% of shares outstanding. Robert McEwen is the second largest shareholder owning 11% of common stock, and Caisse de dépôt et placement du Québec holds about 4.7% of the company stock. Additionally, the company's CEO Ian Ball directly holds 2.3% of the total shares outstanding.

After doing some more digging, we found that the top 2 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

Insider Ownership Of Abitibi Royalties

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

It seems insiders own a significant proportion of Abitibi Royalties Inc.. It has a market capitalization of just CA$284m, and insiders have CA$53m worth of shares in their own names. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

General Public Ownership

With a 32% ownership, the general public have some degree of sway over Abitibi Royalties. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Public Company Ownership

We can see that public companies hold 45% of the Abitibi Royalties shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Take risks for example – Abitibi Royalties has 2 warning signs we think you should be aware of.

Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.

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

This article by Simply Wall St is general in nature. 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.

The second-quarter earnings season, which is in its last leg, saw a large proportion of companies not only report better-than-expected earnings per share but also register year-over-year bottom-line growth. Although results were aided by easy year-over-year comparisons as second-quarter 2020 was hardest hit by the COVID crisis, the improvement in the overall scenario with economic activities gathering steam is certainly heartwarming.

Against this favorable background, investors would like to add outperformers to their portfolios as they strive to design a portfolio of stocks that will fetch them handsome returns. No one would after all like to see their hard-earned money invested in the stock market going down the drain, particularly in such uncertain times.

However, the task is easier said than done. This is because the investing world is fraught with uncertainties and stock prices are sensitive to recent developments. Additionally, the same group of stocks may not work under all circumstances.

For example, the airline stocks may benefit from declining oil prices but may fall out of favor in the event of oil prices moving up. One of the well-accepted strategies to brave the market turbulence is to maintain a well-diversified (i.e. include stocks from different industries) portfolio.

What is the Way Forward?

Given this scenario, it is in the best interest of investors to seek guidance from “experts in the field”. The concerned experts are brokers. The opinion of brokers acts as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock. Broker ratings are backed by sound logic. They have deeper insight into the happenings of a particular company as they directly communicate with management.

They undertake extensive research on the company’s publicly available financial statements apart from attending conference calls. In a bid to deepen their understanding of a particular stock, they sometimes converse with customers to find out their likes/dislikes about the products and services offered by the company.

Making the Most of Broker Opinions

The above write-up clearly suggests that by following broker actions, one can arrive at a winning basket of stocks. Keeping this in mind, we designed a screen to shortlist stocks based on improving analyst recommendations and upward revisions in earnings estimates over the last four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it is also included. The price/sales ratio takes care of the company’s top line, making the strategy effective.

Screening Criteria

# (Up- Down Rating)/ Total (4 weeks) =Top #75: This gives the list of top 75 companies that have witnessed net upgrades over the last four weeks.

% change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past four weeks for the upcoming quarter.

To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:

Price-to-Sales = Bot%10: The lower the ratio the better, companies meeting this criteria are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio.

Price greater than 5: A stock trading below $5 will not likely create significant interest for most investors.

Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.

Market value ($ mil) = Top #3000: This gives us stocks that are the top 3000 if one judges by market capitalization.

Com/ADR/Canadian= Com: This takes out the ADR and Canadian stocks.

Here are five of the 10 stocks that made it through the screen:

Cross Country Healthcare CCRN: The company, currently carrying a Zacks Rank #2 (Buy), is a leading provider of healthcare staffing and workforce management. It reported better-than-expected earnings per share in each of the last four quarters, the average being 181.4%. It is being aided by the stellar performance of its primary segment Nurse and Allied Staffing, driven by a robust demand scenario.

The Greenbrier Companies GBX: The company, currently sporting a Zacks Rank #1 (Strong Buy), is a leading supplier of equipment and services to global freight transportation markets. The stock has seen the Zacks Consensus Estimate for current-year earnings skyrocket in excess of 800% over the past 60 days. The company is being aided by the recovery in the scenario pertaining to railcar manufacturing and leasing. You can see  the complete list of today’s Zacks #1 Rank stocks here. 

AutoNation AN is the largest automotive retailer in the United States. The stock, currently sporting a Zacks Rank of 1, has seen the Zacks Consensus Estimate for current-year earnings being revised 33.2% upward over the past 60 days. The company is benefiting from factors like its diversified product mix and cost-containment efforts.

Peabody Energy  BTU: St Louis, MO-based Peabody Energy engages in the coal-mining business and has both thermal and metallurgical operations. The revival in the domestic and international coal markets bodes well for this currently Zacks #2 Ranked stock that has outperformed on earnings in three of the last four quarters (lagging the consensus mark in the other quarter).

Bloomin Brands BLMN is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. The company currently has a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for current-year earnings has moved 31.3% north over the past 60 days. The company is being aided by the fact that the restaurant industry seems to be gradually getting back on its feet with a rebound in sales as more and more people are dining out owing to large-scale vaccination and improving economic conditions.

 

Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

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The market expects Comstock Mining, Inc. (LODE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -80%.

Revenues are expected to be $0.07 million, up 40% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Comstock Mining, Inc.

For Comstock Mining, Inc.The Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Comstock Mining, Inc. Will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Comstock Mining, Inc. Would post a loss of $0.04 per share when it actually produced earnings of $0.02, delivering a surprise of +150%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Comstock Mining, Inc. Doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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Comstock Mining, Inc. (LODE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Sylvamo™, The World's Paper Company, will have a nine-member board of directors

MEMPHIS, Tenn., Aug. 9, 2021 /PRNewswire/ — International Paper (NYSE: IP) is proud to announce Sylvamo Corporation as the name of its global papers spinoff, with headquarters planned for Memphis, Tennessee.

The name Sylvamo speaks to the company's connection to trees and highlights its role as a steward of sustainable forests. Sylvamo combines the Latin words for forest, "silva," and love, "amo." Company leaders translate this unique combination as "love of forests."

Sylvamo, currently a subsidiary of International Paper, will be governed by a nine-member board with eight independent directors. Jean-Michel Ribiéras, senior vice president, Global Papers, will serve as the company's chairman and chief executive officer.

Each director will bring significant talent and experience, including expertise in basic materials, spinoffs, finance, strategy, human resources, international operations, legal and senior leadership roles.

Stan Askren spent the majority of his 36-year career at HNI Corporation, where he served as chairman, president and chief executive officer. He also serves on the boards of Allison Transmission Holdings and Armstrong World Industries.

Christine Breves currently serves as senior vice president and chief financial officer of United States Steel (NYSE: X). During her 43-year career, she served in a variety of senior executive roles and has extensive experience in procurement, supply chain, manufacturing and business transformation.

Jeanmarie Desmond retired from DuPont de Nemours, Inc. in 2020 after a 31-year career. She most recently served as executive vice president and chief financial officer. Desmond also serves on the boards of IPG Photonics and Trinseo.

Lizanne Gottung retired from Kimberly-Clark Corporation in 2017 after a 36-year career. She served as chief human resources officer for 15 years. Gottung also serves on the board of Louisiana-Pacific Corporation.

Joia Johnson spent a substantial portion of her 36-year career with Hanesbrands Inc. before retiring this year. She served as chief administrative officer, general counsel and corporate secretary, and in other executive leadership roles. Johnson also serves on the boards of Global Payments, Inc. and Regions Financial Corporation.

David Petratis currently serves as chairman, president and chief executive officer of Allegion plc (NYSE: ALLE), where he led the company's spinoff in 2013. He has extensive experience in manufacturing and operations, global commercial markets and strategy development, serving in a variety of leadership positions throughout his 40-year career.

Jean-Michel Ribiéras currently serves as senior vice president, Global Papers, at International Paper, where he spent the majority of his 35-year paper and packaging career. He will serve as Sylvamo's chairman and chief executive officer.

Paul Rollinson currently serves as president and chief executive officer of Kinross Gold (TSX: K), where he also serves on the company's board. He has extensive international experience in mining, forestry, power and utilities and industrial sectors during his 30-year career.

James Zallie currently serves as president and chief executive officer of Ingredion (NYSE: INGR), where he also serves on the company's board. He has extensive operating, manufacturing and leadership experience throughout his 38-year career.

"We believe it is critical to have a world-class board of directors as we set off on our mission to transform renewable resources into papers that people depend on for education, communication and entertainment," Ribiéras said. "We are proud of the talented, experienced and diverse team that will guide us as an independent company."

In December 2020, International Paper announced plans to spin its global papers business into a separate, publicly traded company in late 2021. The spinoff is subject to final approval by the International Paper board of directors.

Sylvamo will employ approximately 7,000 colleagues in Europe, Latin America and North America.

About International Paper

International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; and papers that facilitate education and communication. We are headquartered in Memphis, Tennessee, employ approximately 48,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2020 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/international-paper-announces-spinoff-name-board-of-directors-301350531.html

SOURCE International Paper

In this article, we discuss the 10 best lithium and phosphate stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Lithium and Phosphate Stocks to Buy Now.

The global efforts towards decarbonization have accelerated in the past few years with the United States and China, two of the largest manufacturing countries in the world, incentivizing the production and sale of electric vehicles and clean energy equipment. Nearly all commercial battery-based energy solutions make use of lithium compounds. According to the US Geological Survey, more than 70% of the total lithium production in the world is geared towards batteries. Since the supply of the precious metal is finite, the prices of the resource have skyrocketed.

Some of the biggest names in the lithium business presently include Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO), among others. Tesla, Inc. (NASDAQ: TSLA) chief Elon Musk, one of the richest men in the world, said last month that the company, the largest electric vehicle manufacturer in the world, would be making a long-term shift to lithium-iron-phosphate cells for use in EVs and energy storage, affirming his bullish view on the lithium industry.

The move also addresses questions about the use of nickel in EV batteries that have led to fire-safety concerns. A shift to iron, as signaled by Musk, could hit Chinese battery firms since nickel-based batteries are mostly manufactured in China. The use of lithium in EV batteries, though, remains an area that both the US and China seem to agree on, at least for now. According to a report by credit rating agency Fitch, worldwide lithium production is expected to triple from 442,000 tonnes in 2020 to 1.5 million tonnes by 2030.

The dramatic shift towards electric vehicles in recent years has disrupted other sectors of the economy as well, including the finance world. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Kumpan Electric on UnsplashOur Methodology

With this context in mind, here is our list of the 10 best lithium and phosphate stocks to buy now. These were ranked keeping in mind analyst ratings, basic business fundamentals, and hedge fund sentiment.

Best Lithium and Phosphate Stocks to Buy Now

10. Lithium Americas Corp. (NYSE: LAC)

Number of Hedge Fund Holders: N/A

Lithium Americas Corp. (NYSE: LAC) is a Canadian resources company that primarily explores for lithium deposits. It is placed tenth on our list of 10 best lithium and phosphate stocks to buy now. In earnings results for the second quarter, posted on August 5, the firm reported earnings per share of -0.16, missing market estimates by $0.08. The cash and cash equivalents at the end of the first quarter were $505 million. On May 28, the share price of the firm jumped over 2% after it announced an expansion at a resource project in Argentina.

In March, investment advisory B Riley initiated coverage of Lithium Americas Corp. (NYSE: LAC) stock with a Buy rating and a price target of $25, noting that the firm was nearing completion of a lithium project and developing another long-term resource in the US.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Axel Capital Management is a leading shareholder in Lithium Americas Corp. (NYSE: LAC) with 830,000 shares worth more than $13 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO), Lithium Americas Corp. (NYSE: LAC) is one of the best lithium and phosphate stocks to buy now.

In its Q1 2021 investor letter, Massif Capital, an asset management firm, highlighted a few stocks and Lithium Americas Corp. (NYSE: LAC) was one of them. Here is what the fund said:

9. Sociedad Química y Minera de Chile S.A. (NYSE: SQM)

Number of Hedge Fund Holders: 16

Sociedad Química y Minera de Chile S.A. (NYSE: SQM) is a Chilean firm that produces and distributes lithium derivatives. It is ranked ninth on our list of 10 best lithium and phosphate stocks to buy now. On July 16, the company announced that it had received approval from authorities in Australia to build a lithium hydroxide refinery. The project, once completed, would be capable of producing 50,000 metric tons of battery-grade lithium hydroxide. The production on the site is expected to commence by 2024.

On May 20, investment advisory Scotiabank upgraded Sociedad Química y Minera de Chile S.A. (NYSE: SQM) stock to Sector Perform from Underperform with a price target of $42. Ben Isaacson, an analyst at the firm, issued the ratings update.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Sociedad Química y Minera de Chile S.A. (NYSE: SQM) with 718,156 shares worth more than $38 million.

Alongside Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO), Sociedad Química y Minera de Chile S.A. (NYSE: SQM) is one of the best lithium and phosphate stocks to buy now.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Sociedad Química y Minera de Chile S.A. (NYSE: SQM) was one of them. Here is what the fund said:

8. Livent Corporation (NYSE: LTHM)

Number of Hedge Fund Holders: 22

Livent Corporation (NYSE: LTHM) is placed eighth on our list of 10 best lithium and phosphate stocks to buy now. The company is based in Pennsylvania. It makes and sells lithium compounds. The company posted earnings for the second quarter on August 5, reporting earnings per share of $0.04, beating market predictions by $0.02. The revenue over the period was $102 million, up 57% compared to the revenue over the same period last year and beating market estimates by $14.4 million.

In April, investment advisory Evercore upgraded Livent Corporation (NYSE: LTHM) stock to Outperform from In Line and raised the price target to $22 from $20, noting the positive developments in the lithium industry as a whole in terms of basic fundamentals.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Joho Capital is a leading shareholder in Livent Corporation (NYSE: LTHM) with 3.7 million shares worth more than $65 million.

In addition to Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO), Livent Corporation (NYSE: LTHM) is one of the best lithium and phosphate stocks to buy now.

7. Energizer Holdings, Inc. (NYSE: ENR)

Number of Hedge Fund Holders: 22

Energizer Holdings, Inc. (NYSE: ENR) is ranked seventh on our list of 10 best lithium and phosphate stocks to buy now. The company markets different types of batteries and is headquartered in Missouri. On May 10, the firm posted earnings for the second fiscal quarter, reporting earnings per share of $0.77, beating market estimates by $0.17. The revenue over the period was $685 million, up 16% compared to the revenue over the same period last year and beating market predictions by $59 million.

On May 11, investment advisory Morgan Stanley reiterated an Overweight rating on Energizer Holdings, Inc. (NYSE: ENR) stock and raised the price target to $56 from $54, noting the large earnings beat for the firm in the second fiscal quarter.

At the end of the first quarter of 2021, 22 hedge funds in the database of Insider Monkey held stakes worth $237 million in Energizer Holdings, Inc. (NYSE: ENR).

Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO) are some of the best lithium and phosphate stocks to buy now, just like Energizer Holdings, Inc. (NYSE: ENR).

6. QuantumScape Corporation (NYSE: QS)

Number of Hedge Fund Holders: 29

QuantumScape Corporation (NYSE: QS) is a California-based company that develops and sells solid-state lithium batteries that are used in electric vehicles. It is placed sixth on our list of 10 best lithium and phosphate stocks to buy now. The stock has been one of the most high-volume ones on the market in recent weeks. On August 2, the share price soared close to 3.5%, stretching year-to-date gains to 70%, in a high-volume trading day for the company. The firm also stands to gain as EV deliveries improve in the post-pandemic economy.

On July 21, investment advisory JPMorgan initiated coverage of QuantumScape Corporation (NYSE: QS) stock with a Neutral rating and a price target of $35, underlining that the firm would play a vital role in the development of solid-state batteries for the EV industry in the near future.

At the end of the first quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $534 million in QuantumScape Corporation (NYSE: QS).

Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO) are some of the best lithium and phosphate stocks to buy now, in addition to QuantumScape Corporation (NYSE: QS).

In its Q1 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and QuantumScape Corporation (NYSE: QS) was one of them. Here is what the fund said:

Click to continue reading and see 5 Best Lithium and Phosphate Stocks to Buy Now.

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Disclosure. None. 10 Best Lithium and Phosphate Stocks to Buy Now is originally published on Insider Monkey.

NEW YORK, NY / ACCESSWIRE / August 9, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

360 DigiTech, Inc. (NASDAQ:QFIN)
Class Period: April 29, 2021 – July 7, 2021
Lead Plaintiff Deadline: September 13, 2021

Throughout the class period, 360 DigiTech, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had been collecting personal information in violation of relevant People's Republic of China laws and regulations; (ii) accordingly, 360 DigiTech was exposed to an increased risk of regulatory scrutiny and/or enforcement action; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in QFIN: https://www.kleinstocklaw.com/pslra-1/360-digitech-inc-loss-submission-form?id=18381&from=1

Coinbase Global, Inc. (NASDAQ:COIN)
This lawsuit is on behalf of all persons and entities that purchased or otherwise acquired Coinbase Class A common stock pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 114,850,769 shares of its Class A common stock, whereby Coinbase began trading as a public company on or around April 14, 2021.
Lead Plaintiff Deadline: September 20, 2021

The COIN lawsuit alleges Coinbase Global, Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) the Company required a sizeable cash injection; (2) the Company's platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in COIN: https://www.kleinstocklaw.com/pslra-1/coinbase-global-inc-loss-submission-form?id=18381&from=1

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

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

Learn about your recoverable losses in PLL: https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=18381&from=1

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

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

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

SOURCE: The Klein Law Firm

View source version on accesswire.com:
https://www.accesswire.com/659044/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-QFIN-COIN-and-PLL

Domtar Corporation’s UFS second-quarter 2021 adjusted earnings of $1.22 per share missed the Zacks Consensus Estimate of $1.26. Including one-time items, the company reported earnings per share of 75 cents against the prior-year quarter’s loss of 5 cents. Increased shipments of paper and higher net average selling prices for pulp and paper aided results in the quarter. The company noted an increase in demand for paper through the second quarter amid the ongoing economic recovery from the effects of the COVID-19 pandemic.

Consolidated sales increased 26% year over year to $1,010 million. The top line, however, lagged the Zacks Consensus Estimate of $1,041 million. Net average selling prices for pulp and paper were up from prior-year quarter. On a year-over-year basis, manufacturing paper volumes were up, while pulp volumes were slightly down.

Consolidated adjusted operating income amounted to $99 million during the quarter under review against the year-ago quarter’s operating loss of $3 million.

Domtar Corporation Price, Consensus and EPS Surprise

Domtar Corporation price-consensus-eps-surprise-chart | Domtar Corporation Quote

Segmental Performance

Following the sale of its Personal Care business on Mar 1, 2021, the company has only one operating segment — Pulp and Paper, which comprises design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, hardwood and fluff pulp, and high quality airlaid ultrathin laminated cores.

Quarterly revenues of the Pulp and Paper segment totaled $1010 million, up 26% year over year. Revenues from Communication Papers were up 29% year over year to $498 million. While Specialty and Packaging paper’s revenues improved 14% to $145 million, the same from Market Pulp surged 28% to $357 million. Revenues from absorbent core materials were down 17% to $10 million.

Adjusted operating income for the segment was $109 million in the second quarter, substantially up from the year-earlier reported figure of $4 million.

Balance Sheet & Cash Flow

The company had cash and cash equivalents of $346 million at the end of second-quarter 2021, up from the $309 million held at end of 2020. Net debt-to-total capitalization ratio was 7% as of Jun 30, 2021, down from 26% as of Dec 31, 2020.

Domtar generated $90 million of cash from operating activities during the first six-month period of 2021 compared with the $155 million reported in the year-earlier comparable period.

Update on Merger With Paper Excellence

On May 10, 2021, Domtar and Paper Excellence together announced that they have entered into a business combination agreement under which the latter will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share, in cash. The all-cash transaction represents an enterprise value of approximately $3 billion. Subsequently, on Jul 29, Domtar announced that the deal has been approved by Domtar’s shareholders.

The company added that clearances have been obtained under the antitrust laws of Spain and the People’s Republic of China, following previous clearances obtained in the United States and Turkey — representing another step toward the closing of the announced merger. The merger is expected to be completed before the end of this year, subject to receiving clearance under Canada’s Competition Act and other customary closing conditions.
Outlook

While the uncertainty regarding the pandemic remains, Domtar believes paper demand will continue to pick up pace as people return to schools and offices. It expects to sell all paper production for the balance of the year. The pulp market is likely to gradually improve on steady demand growth and supply constraint. Paper prices are expected to continue to increase, while pulp prices are expected to witness some seasonal volatility. While raw material costs are expected to remain stable, freight costs are likely to be higher this year.

Price Performance

Image Source: Zacks Investment Research

The stock has soared 95% in the past year, compared with the industry’s rally of 52.6%.

Zacks Rank & Other Key Picks

Domtar currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Some other top-ranked stocks in the basic materials space include Commercial Metals Company CMC, Nucor Corporation NUE and The Mosaic Company MOS. All of these stocks flaunt a Zacks Rank #1 currently. .

Commercial Metals has a projected earnings growth rate of 32.8% for the current fiscal year. The company’s shares have gained nearly 41% in the past year.

Nucor has an expected earnings growth rate of 455% for the current fiscal year. The company’s shares have rallied around 126% over the past year.

Mosaic Company has a projected earnings growth rate of 412% for the current fiscal year. The company’s shares have gained roughly 71% in a year’s time.

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Domtar Corporation (UFS) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

Commercial Metals Company (CMC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – August 9, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" "PTM" or the "Company") reports that on August 5, 2021, South African President Cyril Ramaphosa appointed Mr. Enoch Godongwana as South Africa's Minister of Finance. As a result, Mr. Godongwana has resigned as a member of the Board of Directors of the Company so that he may focus his efforts as Minister of Finance.

The Board of Directors of Platinum Group wishes to thank Mr. Godongwana for his contribution to the Company and wish him well in his future endeavours, particularly as the newly appointed Minister of Finance.

Platinum Group CEO, Frank Hallam, commented, "Although Mr. Godongwana's tenure as a director was brief, his experience and guidance have been invaluable for the Company. We wish Mr. Godongwana continued success as he tackles new challenges as Minister of Finance."

Platinum Group and the Board of Directors are currently evaluating alternatives with respect to the possible appointment of a new independent director to fill the vacancy created with Mr. Godongwana's departure.

About Platinum Group Metals Ltd. and Waterberg Project

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd. ("Mnombo"), Japan Oil, Gas and Metals National Corporation and Hanwa Co. Ltd.

On behalf of the Board of
Platinum Group Metals Ltd.

Frank R. Hallam
Interim CEO and Director

For further information contact:
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

This press release may contain forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"), including, without limitation, statements regarding the possible appointment of a new independent director and the development of the Waterberg Project. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. The Company directs readers to the risk factors described in the Company's Form 20-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92458

TORONTO, Aug. 09, 2021 (GLOBE NEWSWIRE) — Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce the appointment of Donna McLean as Chief Financial Officer (“CFO”) of Signature, effective immediately. The appointment of Ms. McLean is key in positioning Signature’s Management to successfully lead the Company’s continued growth with efficiency and effectiveness.

Jonathan Held has stepped down from the CFO position to pursue other interests but will remain for a duration to ensure a smooth and complete transition. Mr. Held, CPA, CA is a seasoned financial executive with CFO level experience with both private and public companies. He has held the position of CFO and Director of Signature for over eight years from its inception and has been integral to Signature’s successful growth as a highly valued member of the Company’s management team.

Donna McLean is an accomplished executive with over 30 years of financial reporting and corporate administration. Ms. McLean has served as Chief Financial Officer and Controller for numerous publicly traded and private companies including a number of mineral exploration companies. She serves as Manager, Accounting Services with Grove Corporate Services Ltd. (www.grovecorp.ca) that provides governance, accounting and administrative services to small-cap public and private companies in Canada. Ms. McLean also serves as Chief Financial Officer for Unigold Inc., Firestone Ventures Inc. and Avidian Gold Corp. Ms. McLean will be joined by Ms. Sarah Morrison, Chief Operating Officer, Grove Corporate Services, who will be assuming the role of Corporate Secretary for the Company.

Donna McLean – CFO

Robert Vallis – President, CEO, and Director

About Signature
The Lingman Lake gold property consists of 1,434 staked claims, four free hold 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:

Jonathan Held
Chief Financial Officer
416-270-9566

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.