Let's talk about the popular FMC Corporation (NYSE:FMC). The company's shares received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$122 at one point, and dropping to the lows of US$103. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether FMC's current trading price of US$107 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at FMC’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

View our latest analysis for FMC

Is FMC still cheap?

Great news for investors – FMC is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is $166.56, but it is currently trading at US$107 on the share market, meaning that there is still an opportunity to buy now. What’s more interesting is that, FMC’s share price is theoretically quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. This is because the stock is less volatile than the wider market given its low beta.

What kind of growth will FMC generate?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 91% over the next couple of years, the future seems bright for FMC. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What this means for you:

Are you a shareholder? Since FMC is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on FMC for a while, now might be the time to make a leap. Its buoyant future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy FMC. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision.

Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. When we did our research, we found 2 warning signs for FMC (1 is a bit concerning!) that we believe deserve your full attention.

If you are no longer interested in FMC, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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.

Vancouver, British Columbia–(Newsfile Corp. – July 30, 2021) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that its common shares are now trading on the OTC Venture Market ("OTCQB") under the ticker symbol "PEXZF". B. Riley Securities acted as the Company's OTCQB sponsor. B. Riley Securities, Inc. is a full-service investment bank and subsidiary of B. Riley Financial, Inc., based in Los Angeles with offices across the United States, providing corporate finance, research, sales and trading services.

The OTCQB offers early stage and developing international companies the benefits of being publicly traded in the U.S. without the complexity and cost of a U.S. exchange listing. As a verified market with efficient access to U.S. investors, the OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation.

Kliyul copper-gold project update

The start of the fully funded 2,500 metre diamond drill program at the Kliyul copper-gold project ("Kliyul" or "Project") was delayed due to a wildfire that temporarily closed the main access road to the project area. The fire is now under control and the road is again open. However, Pacific Ridge will remain responsive to local conditions as required. Camp construction is nearly complete and the drill rig should arrive in the next several days. The Company expects that the drill program will commence shortly and will update investors when drilling starts.

Kliyul is located in Northwestern British Columbia ("B.C."), approximately 50 km southeast of Centerra Gold Inc's Kemess mine and 5 km from the Omineca mining road and power line, in one of the most geochemically anomalous areas for copper and gold in the Quesnel Terrane. Historic drilling at Kliyul encountered significant copper-gold porphyry-related mineralization. For example, drill hole KJ-15-34 intercepted 245 metres of 0.75% CuEQ¹ (see Pacific Ridge news release dated December 2, 2020) which is an indication of Kliyul's potential.

Pacific Ridge utilized its newly constructed Kliyul database, which includes all the geological, geochemical, geophysical and drill data, to prioritize drill targets within the large and highly prospective Kliyul project area. The Company also drew upon the knowledge and expertise of Technical Advisory Committee members Jim Logan, M.Sc., an expert on the geology of B.C. porphyry copper deposits, and Dan Core (Fathom Geophysics), Ph.D., who is at the forefront of computer modelling and interpretation of geophysical data.

About Pacific Ridge

Our goal is to become one of the leading copper-gold exploration companies in British Columbia. Pacific Ridge's flagship project is the Kliyul copper-gold project, located in the Quesnel Trough, approximately 50 km southeast of Centerra Gold's Kemess mine. In addition to Kliyul, the Company's project portfolio includes the RDP copper-gold project and the Redton copper-gold project, both located in British Columbia. Pacific Ridge will continue to search for projects that offer discovery opportunity in our regions of expertise.

On behalf of the Board of Directors,

"Blaine Monaghan"

Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.

Corporate Contact:
Blaine Monaghan
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com
https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-
https://twitter.com/PacRidge_PEX

Investor Contact:
G2 Consultants Corp.
Telephone: +1 778-678-9050
Email: ir@pacificridgeexploration.com

¹ Copper equivalent (CuEQ) is equal to ((Cu (per cent) multiplied by $2.25 multiplied by 22.0642) plus (Au (g/t) multiplied by $1,650 multiplied by 0.032151)) divided by ($2.25 multiplied by 22.0642).

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

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the arrival of the drill rig and the anticipated start of drilling. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91672

CDE earnings call for the period ending June 30, 2021.

July 30 (Reuters) – BHP Group Ltd said on Friday it would build two solar farms and a battery storage system in partnership with Canada's TransAlta Renewables Inc at its nickel project site in Western Australia.

The global miner said the project will help reduce carbon emissions by 12% compared with 2020 levels at its Mt Keith and Leinster operations, where power is currently being generated through diesel and gas turbines.

The proposed solar farms will also help produce sustainable low-carbon nickel used in electric-vehicle batteries, BHP said, for which the company signed a supply agreement with Tesla Inc last week.

The project will contribute to the miner's medium-term target to reduce scope 1 and 2 emissions from its assets by at least 30% from 2020 levels by 2030, it said. (https://bit.ly/3rFGxHk)

BHP said the construction of the farms is scheduled to begin in the second quarter of 2022 and would take 12 to 14 months for completion. (Reporting by Savyata Mishra in Bengaluru; Editing by Ramakrishnan M.)

VANCOUVER, British Columbia, July 30, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) provides the following corporate update. On July 15 and 16, 2021, the Supreme Court (British Columbia) heard Mr. Peter Smith’s application for an order that the annual general meeting ("AGM") of the Company be held on July 26, 2021, and for other relief. The judge dismissed the application for an order that the AGM be held on July 26, 2021, and reserved judgment on all other issues for two weeks. The Company was granted an extension by the BC Registry of Companies of the time within which to hold its AGM until December 30, 2021.

About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

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 news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210730005548/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

VANCOUVER, British Columbia, July 30, 2021 (GLOBE NEWSWIRE) — SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the “Company”) announces that, on July 30, 2021, the Company and Land Breeze II S.à.r.l. (“Land Breeze”), a wholly-owned subsidiary of a major shareholder of the Company (the “Major Shareholder”), signed a new deferral agreement (the “2021 July Deferral Agreement”) pursuant to which Land Breeze agreed to grant the Company a deferral (the “Deferral”) of the interest payments which are due and payable on November 19, 2021 under the US$250 million convertible debenture dated November 19, 2009 (the “Convertible Debenture”).

The effectiveness of the 2021 July Deferral Agreement and the respective obligations, covenants and agreements of each party under the 2021 July Deferral Agreement are subject to the Company obtaining the requisite acceptance thereof from the Toronto Stock Exchange (the “TSX”).

The principal terms of the 2021 July Deferral Agreement are as follows:

• Land Breeze agreed to grant the Company: (i) a deferral of the semi-annual cash interest payment of US$8,065,753 payable to Land Breeze on November 19, 2021 under Convertible Debenture; and (ii) a deferral of the payment-in-kind interest payment of US$4,000,000 payable on November 19, 2021 under the Convertible Debenture (collectively, the “Deferred Amounts”), in each case until August 31, 2023 (the “Deferral Date”);

• As consideration for the Deferral of the Deferred Amounts, the Company agreed to pay Land Breeze a deferral fee equal to 6.4% per annum on the Deferred Amounts (the “Deferral Fee”) payable under the Convertible Debenture, commencing on November 19, 2021;

• If at any time before the Deferred Amounts and Deferral Fee are fully repaid, the Company proposes to appoint, replace or terminate one or more of its chief executive officer, its chief financial officer or any other senior executive(s) in charge of its principal business function or its principal subsidiary, the Company will first consult with, and obtain written consent (such consent shall not be unreasonably withheld) from Land Breeze prior to effecting such appointment, replacement or termination;

• The Company agreed to comply with all of its obligations under the prior deferral agreements entered into with Land Breeze;

• The Company and Land Breeze agreed that nothing in the 2021 July Deferral Agreement prejudices Land Breeze’s rights to pursue any of its remedies at any time pursuant to the prior deferral agreements.

The Company will make further announcements regarding the potential of further future deferrals of its payment obligations under the Convertible Debenture as and when appropriate. There can be no assurance, however, that any agreement for future deferrals will be reached with the Major Shareholder either at all or on favourable terms.

About SouthGobi
SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.

Forward-Looking Statements

Certain information included in this press release that is not current or historical factual information constitutes forward-looking statements or information within the meaning of applicable securities laws (collectively, “forward-looking statements”), including information about the potential of further future deferrals of its payment obligations under the Convertible Debenture. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, "could", "should", "seek", "likely", "estimate" and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on certain factors and assumptions including, among other things, the Company’s ability to successfully negotiate a future deferrals of its payment obligations under the Convertible Debenture and other similar factors that may cause actual results to differ materially from what the Company currently expects. Actual results may vary from the forward-looking statements. Readers are cautioned not to place undue importance on forward-looking statements, which speaks only as of the date of this disclosure, and not to rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to, update or revise any forward-looking statements, whether as a result of new information, further events or otherwise at any particular time, except as required by law. Additional information concerning factors that may cause actual results to materially differ from those in such forward-looking statements is contained in the Company’s filings with Canadian securities regulatory authorities and can be found under the Company’s profile on SEDAR at www.sedar.com.

Oil prices climbed this week as U.S. inventories tightened and the risk of Iran reaching a new deal and bringing extra crude online decreased.

Friday, July 30th, 2021

Crude prices drew hefty support this week from U.S. inventory dynamics, with commercial stocks falling to their lowest since January 2020 and indications that the tightening is set to continue. Concurrently, the markets have seemingly got accustomed to the idea that there will not be any Iranian cliff-hanger as President-elect Raisi is to be sworn into office next week, mitigating erstwhile concerns that Tehran might flood the market with incremental barrels. COVID headwinds persist, however, as several European countries see rising Delta variant cases.

EU Fails to Replenish Gas Storage. European countries are struggling to replenish their gas reserves amid exorbitantly high LNG prices and limited availability of pipeline supplies, with total EU gas reserves standing at a mere 616 TWh, equivalent to some 63 billion cubic meters, the lowest level since 2015. 

TotalEnergies Buys into Singapore EV Charging. Teaming up with another French firm Bolloré, TotalEnergies (NYSE:TTE) agreed to buy Singapore’s leading electric vehicle charging network (accounting for 85% of the city-state’s charge points), acquiring Blue Charge for an undisclosed sum. TotalEnergies seeks to increase its charge point tally tenfold to 150,000 by 2025. 

Gasoline market backwardation. Whilst gasoline cracks remain the best-performing segment of most European refiners’ slate, the derivatives market indicates that the global gasoline balance is tightening as the Eurobob oxy M1-M2 swap surged past the $20 per metric ton earlier this week, the widest in almost two weeks. 

Related: Oil Tops $75 On Shrinking U.S. Crude Inventories

London court to reopen $7 billion BHP dam lawsuit. The London Court of Appeal reopened a lawsuit against the Anglo-Australian mining firm BHP (NYSE:BHP) over the 2015 Mariana dam disaster, Brazil’s worst-ever environmental disaster, allowing a 200 000-strong claimant group to appeal against a lower court decision. 

ADNOC to Ease October 2021 production cuts. The UAE state oil company ADNOC informed its term buyers that it would ease its export nomination cuts for October 2021, bringing back 10 percentage points worth of output compared to September, a clear indication that the Emirates remains earnest in its production ramp-up drive.

European Majors Leave Venezuela. France’s TotalEnergies (NYSE:TTE) and Norway’s Equinor (NYSE:EQNR) have quit their Petrocedeño joint venture, transferring their stakes to a subsidiary of PDVSA. The JV manages the Juni oil field in the Orinoco Belt and a 180kbpd heavy crude upgrader – this was used by both companies, arguing that developing the heavy barrels is incompatible with their low-carbon strategies. 

UK Seeks to Remove China from Nuclear Projects. UK media report that China’s national nuclear firm CGN might be blocked from building new infrastructure on the British Islands, triggered by concerns that increased Chinese participation in Britain’s energy infrastructure could be detrimental to the nation’s overall energy security.  

Rio Tinto Starts $2.4 Billion Serbia Lithium Project. Rio Tinto (NYSE:RIO) brought forward a much-anticipated investment decision on the project, stating that it would already launch construction next year with a commissioning aim of 2026-2027. Jadar in Serbia is bound to become Europe’s largest lithium supply source. 

Biden Administration to Revise Toxic Coal Wastewater Rule. The White House will revise a Trump-era rule that allowed US coal-fired plants to delay installing equipment that could prevent lead, selenium, or other pollutants seeping into rivers and streams, Reuters reports. The US government intends to finalize the new set of rules by 2024.

Shell Buys Inspire Energy as it Seeks to Gain Green Credentials. Shell (NYSE:RDS) purchased the US-based renewable energy retailer Inspire Energy, Reuters reports, amidst increasing domestic pressure to speed up its decarbonization efforts.

Spanish High Court Clears Repsol CEO. Antonio Brufau, the CEO of Spanish oil firm Repsol (BME:REP) was cleared of allegations that he had spied on market competitors to block a takeover bid by PEMEX and its partner. The court found no evidence of the chairman’s direct involvement in the spying case, triggering a more than 2% hike in Repsol stocks. 

Wheat Rises on Inclement Weather. Wheat futures at the Chicago BOT rose to a 2-month high as droughts in the US Midwest and freezing temperatures in Brazil have sapped global spring wheat yields. The Wv1 CBOT contract surpassed the $7 per bushel threshold, whilst the Paris December contract rose beyond €220 per ton (equivalent to $7.1 per bushel).

Indonesia Sets 2060 Net Zero Objective. Indonesia announced it would seek to achieve net carbon neutrality by 2060 or sooner, seeing its aggregate greenhouse gas emissions peak in 2030. Interestingly, it is oil that will be phased out the swiftest in the upcoming future, with abundant coal retaining its importance in power generation well into mid-century. 

NOVATEK Revisits Obsky LNG. The Russian LNG-focused producer abandoned its 5mtpa Obsky LNG project and revamped it instead into a gas petrochemicals complex that would produce ammonia and hydrogen from natural gas. NOVATEK initially intended to use its proprietary Arctic Cascade liquefaction technology for the project. 

Offshore Suriname Production Gets Real. Two appraisal drilling programs carried out by operator TotalEnergies (NYSE:TTE) in Suriname’s Block 58 confirmed net black oil pays in both the Sapakara and Kwaskwasi prospects, marking another important step towards oil commercialization. This year will still see another appraisal well at the Bonboni field and a flow test of Sapakara.

By Tom Kool for Oilprice.com

More Top Reads From Oilprice.com:

• Shell Reports $5.5 Billion Net Profit And Hikes Dividends
  

• Analysts See Oil Trading Closer To $70 Through Year-End

• Why Norway Won’t Give Up On Oil & Gas

Read this article on OilPrice.com

Albemarle (ALB) shares ended the last trading session 4.3% higher at $202.82. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 15.5% gain over the past four weeks.

Optimism over favorable trends in the lithium business and strength in the bromine unit are driving the stock higher. The company is benefiting from an uptick in lithium prices and higher volumes. Its bromine business is also gaining from higher demand on continued recovery in global economic activities, a rebound in certain end markets and cost-saving actions. 

This specialty chemicals company is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of -3.5%. Revenues are expected to be $787.08 million, up 3% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Albemarle, the consensus EPS estimate for the quarter has been revised 2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on ALB going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks 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
 
Albemarle Corporation (ALB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Shares of Albertsons Companies (ACI) have been strong performers lately, with the stock up 8.5% over the past month. The stock hit a new 52-week high of $22.26 in the previous session. Albertsons Companies has gained 22.9% since the start of the year compared to the 6.6% move for the Zacks Consumer Staples sector and the 4.3% return for the Zacks Consumer Products – Staples industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 29, 2021, Albertsons Companies, Inc. reported EPS of $0.89 versus consensus estimate of $0.68 while it beat the consensus revenue estimate by 2.78%.

For the current fiscal year, Albertsons Companies, Inc. is expected to post earnings of $2.03 per share on $66.78 billion in revenues. This represents a -37.35% change in EPS on a -4.17% change in revenues. For the next fiscal year, the company is expected to earn $2.04 per share on $67.75 billion in revenues. This represents a year-over-year change of 0.41% and 1.45%, respectively.

Valuation Metrics

Albertsons Companies, Inc. may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Albertsons Companies, Inc. has a Value Score of A. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of A.

In terms of its value breakdown, the stock currently trades at 10.6X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 2.9X versus its peer group's average of 13.1X. Additionally, the stock has a PEG ratio of 0.89. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Albertsons Companies, Inc. currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Albertsons Companies, Inc. fits the bill. Thus, it seems as though Albertsons Companies, Inc. shares could have potential in the weeks and months to come.

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

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

/NOT FOR DISTRIBUTION TO THE UNITED STATES/

VANCOUVER, BC, July 30, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce it has closed the final tranche of the non-brokered private placement financing announced on July 12, 2021 consisting of 4,264,000 units in this tranche for a total of 12,977,750 units at a price of $0.16 per unit for total gross proceeds of $2,076,440.

Each unit consists of one common share and one transferrable common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.25 per share for two years from the date of issue, expiring on July 30, 2023.

In this tranche, finder's fees of $14,702.80 are payable in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 91,893 non-transferable finder's warrants are being issued (the "Finder's Warrant"). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.25 per share for two years from the date of issue, expiring on July 30, 2023. In total, cash finder's fees of $49,002.80 will have been paid and 306,268 Finder's Warrants will have been issued.

Certain insiders of the Company participated in the Private Placement for $7,200 in Units. Such participation represents a related-party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Company's market capitalization.

The proceeds of the financing will be used for exploration programs on the Company's projects in Argentina and for general working capital.

This financing is subject to regulatory approval and all securities to be issued pursuant to this tranche of the financing are subject to a four-month hold period expiring on November 30, 2021.

About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

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.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

SOURCE Blue Sky Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/30/c1100.html

Energy Fuels (UUUU) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this uranium and vanadium miner and developer would post a loss of $0.05 per share when it actually produced a loss of $0.08, delivering a surprise of -60%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Energy Fuels, which belongs to the Zacks Mining – Non Ferrous industry, posted revenues of $0.46 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 91.68%. This compares to year-ago revenues of $0.4 million. The company has not been able to beat consensus revenue estimates 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.

Energy Fuels shares have added about 27.9% since the beginning of the year versus the S&P 500's gain of 17.7%.

What's Next for Energy Fuels?

While Energy Fuels has outperformed 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 Energy Fuels was mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 -$0.03 on $10.53 million in revenues for the coming quarter and -$0.17 on $18.41 million 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 – Non Ferrous is currently in the top 46% 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.

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
 
Energy Fuels Inc (UUUU) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

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

THUNDER BAY, ON / ACCESSWIRE / July 30, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic"), is pleased to announce the closing of its previously announced non-brokered private placement offering (the "Private Placement") for aggregate gross proceeds of $1,450,000 in units of the Company (the "Units") at a price of $0.50 per Unit. Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, subscribed for the entirety of the Private Placement.

Each Unit shall be comprised of one common share of the Company (a "Common Share") and one common share purchase warrant of the Company (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common (a "Warrant Share") at an exercise price equal to $0.75 at any time up to 36 months from closing of the Private Placement.

The Company intends to use the gross proceeds from the sale of Units for drilling and exploration on the Golden Promise Gold Properties, located in the central Newfoundland gold belt and general working capital.

The Common Shares and the Warrant Shares to be issued under the Offering have a hold period of four months and one day from closing of the Offering, November 28, 2021.

Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 2,900,000 units under the offering for approximate consideration of $1,450,000. Subsequent to the closing of the offering, Mr. Sprott beneficially owns or controls 4,900,000 common shares of the Company and 4,900,000 warrants, representing approximately 19.9% of the issued and outstanding common shares of the company on a non-diluted basis and approximately 33.2% of the issued and outstanding common shares of the company on a partially diluted basis assuming exercise of all the warrants owned and controlled, including warrants acquired hereunder and forming part of the units. Prior to the offering, Mr. Sprott beneficially owned or controlled 2,000,000 common shares and 2,000,000 warrants of the Company.

The units were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Great Atlantic Resources, including on the open market or through private acquisitions, or sell securities of the company, including on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time.

A copy of Mr. Sprott's early warning report will appear on Great Atlantic's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (200 Bay St., Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).

In connection with the Private Placement, the Company paid a finder's fee in cash and finder's warrants in accordance with the policies of the TSX Venture Exchange.

On Behalf of the board of directors

"Christopher R Anderson"
Mr. Christopher R. Anderson
"Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

Forward-looking statements: This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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

Great Atlantic Resource Corp.

888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/657842/Great-Atlantic-Announces-Closing-of-145-Million-Private-Placement-by-Mr-Eric-Sprott

In this article we will check out the progression of hedge fund sentiment towards Sociedad Quimica y Minera (NYSE:SQM) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Sociedad Quimica y Minera (NYSE:SQM) investors should be aware of an increase in enthusiasm from smart money recently. Sociedad Quimica y Minera (NYSE:SQM) was in 16 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 20. There were 14 hedge funds in our database with SQM positions at the end of the fourth quarter. Our calculations also showed that SQM isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Anna Nikolayevsky of Axel Capital

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, pet market is growing at a 7% annual rate and is expected to reach $110 billion in 2021. So, we are checking out the 5 best stocks for animal lovers. We go through lists like the 15 best Jim Cramer stocks to identify the next Tesla that will deliver outsized returns. 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. With all of this in mind we're going to take a gander at the latest hedge fund action surrounding Sociedad Quimica y Minera (NYSE:SQM).

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

At first quarter's end, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, a change of 14% from the fourth quarter of 2020. Below, you can check out the change in hedge fund sentiment towards SQM 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.

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in Sociedad Quimica y Minera (NYSE:SQM). Citadel Investment Group has a $38.1 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second most bullish fund manager is Paul Marshall and Ian Wace of Marshall Wace LLP, with a $17.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other members of the smart money that hold long positions include Anna Nikolayevsky's Axel Capital Management, MacKenzie B. Davis and Kenneth L. Settles Jr's SailingStone Capital Partners and Renaissance Technologies. In terms of the portfolio weights assigned to each position Axel Capital Management allocated the biggest weight to Sociedad Quimica y Minera (NYSE:SQM), around 6.87% of its 13F portfolio. SailingStone Capital Partners is also relatively very bullish on the stock, dishing out 3.24 percent of its 13F equity portfolio to SQM.

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Renaissance Technologies, created the biggest position in Sociedad Quimica y Minera (NYSE:SQM). Renaissance Technologies had $12.4 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson's Adage Capital Management also initiated a $10.6 million position during the quarter. The other funds with new positions in the stock are Michael Cowley's Sandbar Asset Management, Paul Marshall and Ian Wace's Marshall Wace LLP, and Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors.

Let's now review hedge fund activity in other stocks similar to Sociedad Quimica y Minera (NYSE:SQM). We will take a look at Howmet Aerospace Inc. (NYSE:HWM), Elanco Animal Health Incorporated (NYSE:ELAN), Pool Corporation (NASDAQ:POOL), PulteGroup, Inc. (NYSE:PHM), The J.M. Smucker Company (NYSE:SJM), Whirlpool Corporation (NYSE:WHR), and Tata Motors Limited (NYSE:TTM). This group of stocks' market valuations resemble SQM's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position HWM,51,3959776,2 ELAN,42,1710158,-1 POOL,41,1014649,8 PHM,42,1050252,2 SJM,33,689844,-1 WHR,28,1255044,-4 TTM,8,67734,1 Average,35,1392494,1 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 35 hedge funds with bullish positions and the average amount invested in these stocks was $1392 million. That figure was $142 million in SQM's case. Howmet Aerospace Inc. (NYSE:HWM) is the most popular stock in this table. On the other hand Tata Motors Limited (NYSE:TTM) is the least popular one with only 8 bullish hedge fund positions. Sociedad Quimica y Minera (NYSE:SQM) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for SQM is 40.3. 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. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. 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 28.5% in 2021 through July 23rd and surpassed the market again by 10.1 percentage points. Unfortunately SQM wasn't nearly as popular as these 5 stocks (hedge fund sentiment was quite bearish); SQM investors were disappointed as the stock returned -10.3% since the end of March (through 7/23) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2021.

Get real-time email alerts: Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)

Suggested Articles:

• 10 Best Restaurant Stocks To Buy

• 15 Biggest Mining Companies In The World

• 10 Best Up and Coming Stocks To Invest In

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

Follow Insider Monkey on Twitter

Vale S.A. VALE reported second-quarter 2021 adjusted earnings per share of $1.59, which surpassed the Zacks Consensus Estimate of $1.48. The bottom line improved massively from 22 cents reported in the prior-year quarter. This can primarily be attributed to strong performance of the Ferrous Minerals business, aided by higher volumes and iron ore prices.

Revenues

Net operating revenues improved 122% year over year to around $16.7 billion but missed the Zacks Consensus Estimate of $16.8 billion. Net operating revenues from Ferrous Minerals soared 143% year over year to $14.3 billion. Base Metals’ net operating revenues climbed 54% to $2.2 billion. The Coal segment’s revenues surged 71% year on year to $161 million.

Iron ore prices were on an uptrend through the reported quarter and breached $200 per ton mark aided by a constrained iron ore supply and strong demand in China. Coal prices were higher owing to tightening supply of spot cargoes from Australia. Nickel and copper prices were also higher compared to the prior-year quarter. While sales volumes for iron ore, nickel and metallurgical coal were higher than year-ago levels, volumes for thermal coal and copper declined.

VALE S.A. Price, Consensus and EPS Surprise

VALE S.A. price-consensus-eps-surprise-chart | VALE S.A. Quote

Operating Performance

In second-quarter 2021, cost of goods sold totaled $5.8 bllion, up 38% year over year. Gross profit soared 229% year over year to $10.9 billion. Gross margin was 65.2%, up from 44% in the prior-year quarter.

Selling, general and administrative expenditure rose 7% year over year to $133 million. Research and evaluation expenses increased 57% to $141 million compared with year-ago quarter.

Adjusted operating income was $10.2 billion in the reported quarter, reflecting an impressive upsurge of 297% from the prior-year quarter. Adjusted EBITDA was $11 billion in the reported quarter compared with $3.4 billion in the prior-year quarter.

Pro-forma adjusted EBITDA (excluding expenses related to Brumadinho and COVID-19) advanced 213% year over year to $11.2 billion. It marked a record for the second quarter, driven by higher iron ore and pellets realized prices and sales volumes. This was partially offset by certain costs and expenses that are linked to the iron ore price, such as purchases from third-parties and royalties, elevated freight costs and higher maintenance and services costs.

Ferrous Minerals’ EBITDA soared 205% year over year to $10.7 billion on higher iron prices. Base Metals EBITDA improved 42% to $866 million from the last-year quarter. Coal EBITDA was a negative $164 million compared with a negative $269 million in second-quarter 2020.

Balance Sheet & Cash Flow

Vale exited the second quarter of 2021 with cash and cash equivalents of $13.6 billion compared with $12 billion at the end of the last-year quarter. Gross debt at the quarter-end was $12.1 billion compared with $16.9 billion at the end of the last-year quarter. In the reported quarter, net cash generated from operating activities totaled $7.7 billion compared with $1.3 billion in the prior-year quarter.

Trims 2021 Production Capacity Guidance

Vale trimmed its guidance for year-end iron ore production capacity to 343 million tons (MT) per annum from the earlier stated target of 350 Mt. The company cited licensing issues at its Sistema Norte and Mutuca assets in Brazil, as well as temporary restrictions on the disposal of mining waste at its Itabira mine for the guidance cut. Executives also warned about an ongoing strike at its operations in Sudbury, Canada, that might impact third-quarter production. Despite the setbacks, the company remains confident regarding reaching its annual production guidance of 315-335 MT of iron ore set for 2021.

Outlook

Per the company, even though iron ore volumes are likely to pick up in the second half of the year, production cuts due to environmental restrictions in China are likely to weigh on demand. However, apart from China, the steel sector has been improving at a rapid pace with all major markets resuming pre-pandemic levels. This will continue to support iron ore demand. The resurgence of COVID-19 cases due to the Delta variant remains a concern.

Improvement in global steel production should benefit seaborne coking coal demand. Supply from Australia should improve by the end of the ongoing quarter as some suspended mines resume production and maintenance programs are completed. It remains uncertain as to how long Australian coal will be restricted in China and remains the key factor that will impact prices. Prices for thermal coal market will be supported in the third quarter by demand and supply imbalance. Forecast of a hotter-than-normal summer in North East Asia, recovering industrial activity and high gas prices should keep thermal coal demand solid. China may again ease import quota restrictions, which would generally help sustain seaborne prices.

For nickel, the company anticipates a small surplus in 2021. Growth in stainless steel production and a shift toward the electrification of the world economies will continue to support demand for the metal. Copper market is expected to show a deficit this year and prices are expected ride on robust demand and persisting supply issues.

Price Performance

In the past year, shares of Vale have gained 96.5%, compared with the industry’s rally of 91.1%.

Image Source: Zacks Investment Research

Zacks Rank & Other Stocks to Consider

Vale 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 are Nucor Corporation NUE, Cabot Corporation CBT and Dow Inc. DOW. All of these stocks flaunt a Zacks Rank #1.

Nucor has a projected earnings growth rate of around 455.4% for the current year. The company’s shares have soared 147% in a year.

Cabot has an expected earnings growth rate of around 137.5% for the current fiscal. The company’s shares have surged 51% in the past year.

Dow has an expected earnings growth rate of around 403% for the current year. The company’s shares have gained 52% in the past year.

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

VALE S.A. (VALE) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

Dow Inc. (DOW) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Northampton, MA –News Direct– Freeport-McMoRan

July 30, 2021 /3BL Media/ – The United Way of Southeast Louisiana recently announced Freeport-McMoRan ranked fifth on its 10 Most Generous Workplaces for 2020-2021.

Each year, Freeport-McMoRan partners with United Way to raise funds for health and human service agencies providing vital resources in the areas of education, financial wellness and health.

In 2020, employees of Freeport-McMoRan in North America pledged close to $3.5 million to United Way, which grew to nearly $10 million when combined with the Freeport-McMoRan Employee Matching Gifts Program. The Freeport-McMoRan Foundation double matches employee contributions of $25 or more up to the first $1,000 contributed and single matches contributions exceeding $1,000.

Freeport-McMoRan’s headquarters are in Phoenix, AZ. The company has a satellite office in New Orleans, LA. Employees of Freeport-McMoRan in Louisiana donated approximately $75,000 to the United Way in 2020, which grew to over $225,000 with the company match.

To learn more about how Freeport-McMoRan works in partnership with local stakeholders to support sustainable futures, please visit www.fcx.com/sustainability.

See the 2020 Annual Report on Sustainability for more information on their social, economic and environmental efforts.

View additional multimedia and more ESG storytelling from Freeport-McMoRan on 3blmedia.com

View source version on newsdirect.com: https://newsdirect.com/news/freeport-mcmoran-ranks-as-a-united-way-of-southeast-louisiana-topmost-generous-workplace-for-2020-2021-422261434

By Ernest Scheyder

(Reuters) – Two Native American tribes have formally asked a U.S. federal court to prevent Lithium Americas Corp from excavating its Thacker Pass lithium mine site in Nevada, which they say contains their ancestors' bones and should not be disturbed.

The Reno-Sparks Indian Colony and Atsa koodakuh wyh Nuwu/People of Red Mountain filed their preliminary injunction request late Thursday, a filing that had been expected. The tribes say federal regulators did not adequately consult with them before approving the project in January.

The project would become one of the largest U.S. producers of the electric vehicle battery metal. First, though, Lithium Americas needs to conduct archaeological digging at the site in order to catalog historical artifacts. It has not yet obtained necessary permits from federal officials to do so.

The tribes' injunction request essentially asks the court to prevent that archaeological digging even if the company obtains those permits.

"The excavators and shovels could harm the very human remains the archaeologists would be looking for," the tribes said in the filing.

Chief Judge Miranda Du of the U.S. District Court for Nevada asked for responses from Lithium Americas and the U.S. Bureau of Land Management – which manages the federal land atop the lithium deposit – by August 12.

Vancouver-based Lithium Americas and the BLM declined to comment on the filing.

Du denied a similar injunction request last week from environmentalists who argued the project could harm wildlife. Earlier this week, though, the judge allowed the tribes to join the lawsuit to argue their concerns the project could harm historical sites.

Beyond the injunction requests, Du is considering whether former President Donald Trump's administration erred when it approved the entire project in January. That ruling is expected by early 2022.

(Reporting by Ernest Scheyder; Editing by David Gregorio)

While some are satisfied with an index fund, active investors aim to find truly magnificent investments on the stock market. When you find (and hold) a big winner, you can markedly improve your finances. For example, Alphamin Resources Corp. (CVE:AFM) has generated a beautiful 338% return in just a single year. Also pleasing for shareholders was the 29% gain in the last three months. It is also impressive that the stock is up 206% over three years, adding to the sense that it is a real winner.

See our latest analysis for Alphamin Resources

While Alphamin Resources made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. Generally speaking, we'd consider a stock like this alongside loss-making companies, simply because the quantum of the profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue.

Over the last twelve months, Alphamin Resources' revenue grew by 133%. That's well above most other pre-profit companies. But the share price seems headed to the moon, up 338% as previously highlighted. Even the most bullish shareholders might be thinking that the share price might drop back a bit, after a gain like that. So this looks like a great watchlist candidate for investors who look for high growth inflexion points.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. So we recommend checking out this free report showing consensus forecasts

A Different Perspective

It's good to see that Alphamin Resources has rewarded shareholders with a total shareholder return of 338% in the last twelve months. Since the one-year TSR is better than the five-year TSR (the latter coming in at 25% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Alphamin Resources you should know about.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

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.

United States Steel Corporation X swung to a profit of $1,012 million or $3.53 per share in second-quarter 2021 from a loss of $589 million or $3.36 per share in the year-ago quarter.

Barring one-time items, adjusted earnings per share were $3.37 compared with a loss of $2.67 in the prior-year quarter. The figure trounced the Zacks Consensus Estimate of $3.16.

Revenues climbed around 140% year over year to $5,025 million in the reported quarter. It surpassed the Zacks Consensus Estimate of $4,702.9 million. The company benefited from strong steel shipments and higher prices in the quarter.

United States Steel Corporation Price, Consensus and EPS Surprise

United States Steel Corporation price-consensus-eps-surprise-chart | United States Steel Corporation Quote

Segment Highlights

Flat-Rolled: The segment recorded a profit of $579 million in the second quarter compared with a loss of $329 million in the year-ago quarter.

Steel shipments in the segment climbed roughly 30% year over year to 2,326,000 tons and average realized price per ton in the unit was $1,078, up around 50% year over year.

Mini Mill: The company added the segment after Jan 15, 2021 with the purchase of the remaining stake in Big River Steel. The segment recorded a profit of $284 million in the quarter. Shipments were 616,000 tons while average realized price per ton was $1,207.

U.S. Steel Europe: The segment posted profits of $207 million against a loss of $26 million in the year-ago quarter. Shipments in the segment rose around 91% year over year to 1,167,000 tons. Average realized price per ton for the unit was $905, up around 43% year over year.

Tubular: The segment posted breakeven results against a loss of $47 million in the year-ago quarter. Shipments declined roughly 20% year over year to 105,000 tons. Average realized price per ton for the unit was $1,633, up roughly 27% year over year.

Financials

At the end of the quarter, the company had cash and cash equivalents of $1,329 million, down around 42% year over year. Long-term debt fell roughly 13% year over year to $4,803 million.

Outlook

The company expects the prevailing strong market environment to continue moving ahead. It expects to set new records in the third quarter and achieve all-time best adjusted EBITDA.

Price Performance

The company’s shares rallied 282.4% in the past a year, outperforming the industry’s 146.5% rise.

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

U.S. Steel currently carries a Zacks Rank #1 (Strong Buy).

Other top-ranked stocks worth considering in the basic materials space include Nucor Corporation NUE, ArcelorMittal MT and Cabot Corporation CBT, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Nucor has a projected earnings growth rate of 444.9% for the current year. The company’s shares have surged around 147% in a year.

ArcelorMittal has an expected earnings growth rate of 1,484.4% for the current year. The company’s shares have shot up around 220% in the past year.

Cabot has an expected earnings growth rate of around 137.5% for the current fiscal. The company’s shares have gained roughly 51% in the past year.

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

ArcelorMittal (MT) : Free Stock Analysis Report

United States Steel Corporation (X) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – July 30, 2021) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth"), reports, pursuant to its news releases dated June 21, 2021, May 25, 2021, June 11, 2021 and July 15, 2021 (the "Placement"), that it has closed a fourth and final tranche of the Placement. On July 30, 2021 the Company issued an additional 3,100,000 units for gross proceeds of $930,000. Each unit consists of one common share of the Company (a "Share") at $0.30 and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.45 per share.

The aggregate total shares issued pursuant to the financing in all tranches was 10,120,000 units for gross proceeds of $3,036,000.

Finder's fees associated with a portion of the final tranche close were paid to PI Financial Corp. representing $21,000 cash and 70,000 finder's warrants. The finder's warrants have the same terms as the subscribers however they are non-transferable.

All securities issued in the Placement are subject to a four-month hold period, during which time the securities may not be traded.

The net proceeds from the Offering are intended for general corporate purposes.

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company's main focus is the acquisition and development of lithium projects in South America. To date, the Company has positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company has a substantial licenses package.

Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors ofWEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact: 

Marla RitchiePhone: 604-331-0096 Ext. 3886 or 604-638-3886E-mail: info@wealthminerals.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, anticipated exploration program results from exploration activities, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. 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, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91772.

X earnings call for the period ending June 30, 2021.

• One hundred percent of the drill holes completed to date have intersected significant widths of veining and sulphides demonstrating the robust nature of this extensive mineralizing Polymetallic gold-silver discovery.

• The fourth drill hole (GD21-004) from the Cliff Showing drill pad, intersected 67.1 meters* of quartz-sulphide veining, brecciation and associated alteration (link to images).

• 1.6-meters* of the upper vein or “Main Vein” contains quartz, pyrrhotite, galena, sphalerite and chalcopyrite, and is very similar in appearance to the mineralized intercepts of GD21-001, GD21-002 and GD21-003. It is surrounded by 5.5 meters* of intense shearing and brecciation of adjacent host rocks containing up to 30% similar quartz-sulphides veining.

• Two significant intercepts of the lower vein include 2.1-meters* and 3.0-meters* consist of coarse-grained white quartz with clusters of pyrrhotite, sphalerite, galena, and chalcopyrite.

• Goliath’s Portable XRF spot counts of galena consistently returned 10s to 100s of g/t Ag, with values up to 1030 g/t Ag.

• The Main Vein in GD21-004 is located approximately 20 meters up dip of the top of mineralization in GD21-003, while the lower bounding quartz-sulphide vein is 30 meters from the base of the GD-21-003 intercept.

• The Main Vein is intersected 30 meters – below surface of the southernmost Cliff Showing, where a 2019 angular fresh float grab sample returned 967.99 g/t Gold Equivalent or AuEq (29.72 oz/t Gold, 97.19 oz/t Silver) (link to image). The occurrence remains open in all directions.

• The top of the quartz-sulphide Main Vein intercept in GD21-004 is located 125 meters south of the Lower Waterfall Showing, where a 2020 channel cut yielded 13.05 g/t AuEq over 15.1 meters.

• A fifth hole (GD21-005; planned depth of ~75 meters; 340⁰/-45⁰), is currently being drilled to the north-northwest from the same drill pad as GD21-001 to GD21-004 and is also projected to intersect the Surebet mineralized shear zone near surface.

• Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Rubble Showings of the Surebet Zone, testing the exposed at surface strike length of 1000 meters. The second phase of the 2021 drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters.

• Up to ~5,000 meters of drilling is planned and will target the extensive high-grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system. ** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold not as accurately as assays and it does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

TORONTO, July 30, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 67.1 -meter* drill intercept of quartz-sulphide veining, brecciation and associated alteration from the fourth drill hole GD21-004 during the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”).

The 2021 drill campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to a down dip depth over 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut sampling taken in 2020. Surebet also has 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Project is located in a mining friendly jurisdiction in a world class geological setting near Stewart, BC in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

GD21-004 (136 meters, 170°/-70°) was drilled towards the south at the Cliff Showing on the same drill pad as GD21-001 (drilled southeast), GD21-002 (drilled northeast) and GD21-003 (drilled southwest). GD21-004 also intersected the Main Vein, two lower “white-quartz” veins, and enveloping stockwork as in the first three drill holes.

GD21-004 intersected 67.1 meters* of quartz-sulphide veining, brecciation and associated alteration from 34.9 to 102.0 meters. The full interval consists of up to 30% (typically ranging 5 and 15%) quartz, chlorite (a water rich Iron-Magnesium-Aluminium silicate), calcite (a Calcium carbonate) and sulphides veining. Sulphides include pyrrhotite (a magnetic Iron sulphide), galena (a Lead sulphide), sphalerite (a Zinc sulphide) and chalcopyrite (a Copper sulphide).

Significant intervals include:

• An initial 1.6 meters* Main Vein interval from 45.3 to 46.9 meters downhole length containing quartz, pyrrhotite, galena, sphalerite and chalcopyrite, and is very similar in appearance to the mineralized intercepts of GD21-001, GD21-002 and GD21-003;

• The Main Vein is surrounded from 42.2 to 47.7 meters downhole length by intense shearing and brecciation of adjacent host rocks containing up to 30% similar quartz-sulphides veining; and

• Two significant 2.1-meters* and 3.0-meters*lower veins from 61.6 to 63.7 meters and 87.0 to 90.0 meters downhole length, respectively; consisting of coarse-grained white quartz with clusters of pyrrhotite, sphalerite, galena, and chalcopyrite.

GD21-004 undercut an area approximately 30 meters below surface of the southernmost Cliff Showing. The Cliff Showing previously yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

The upper bounding Main Vein in GD21-004 is located approximately 25 meters up-dip of the top of mineralization in GD21-02, while the lower bounding quartz-sulphide vein is 30 meters from the base of the GD-21-003 intercept. The top of the quartz-sulphide vein intercept in GD21-004 is located 125 meters south of the Lower Waterfall Showing, where 2020 channel sampling yielded 13.05 g/t AuEq over 15.1 meters.

The fifth hole on the Surebet Zone, GD21-005 (at a targeted length of 75 meters, 340°/-45°), is being drilled to the north-northwest from the same drill pad as the first three holes in order to further constrain the geometry (true width and orientation) of the Surebet mineralized shear vein at the Cliff Showing.

Goliath has planned for up to 5,000 meters of fan drilling from multiple drill pads to target the extensive gold-bearing quartz-sulphide veining at Surebet both along strike and to depth from surface exposures at the Lower Waterfall, Waterfall, Main, Central and North Rubble Showings. Surface sampling has outlined 1,000 meters of strike length, 500 meters of vertical relief and 1,000 meters of inferred down-dip extent. The drilling will focus on testing the continuity at depth of the high-grade gold-silver mineralization zone exposed at surface averaging 9.84 meters wide at 10.68 g/t AuEq (with 7.59 g/t gold) which remains open (see Company news release dated November 25, 2020).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system. ** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold not as accurately as assays and it does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company contracted by Goliath. Core boxes are transported by helicopter over a 15 kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-constructed, meterage blocks are checked, meter marks are labeled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit^TM.

Drill holes were planned using Leapfrog Geo^TM and QGIS^TM software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a plastic bag with an ALS sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and PGM-ICP24 methods. Overlimits are re-analyzed using the ME-OG62, Ag-GRA21, and PGM-ICP27 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

The Property has an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is located in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, BC.

Surebet is located some 8 kilometers southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1,000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 kilometer (1,000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

The Company has granted stock options for a total of 2,942,731 common shares of the Company to Officers and Directors. These stock options are exercisable at $1.52 each, which was the closing price on July 29, 2021.
These options will expire July 29, 2026 and are governed by the Company's stock option plan.

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

According to Quiver Quantitative, Cleveland-Cliffs (NYSE:CLF) is the ninth-most commented equity on the Reddit r/WallStreetBets board for the past seven days. However, before you head down the Cleveland-Cliffs path and buy CLF stock, you might want to consider why it might not be a slam-dunk.

Source: IgorGolovniov / Shutterstock.com

Cleveland-Cliffs’ business might be rolling right now, but that doesn’t mean you should get on the bandwagon.

Here’s why.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

CLF Stock and Zero Debt

InvestorPlace contributor David Moadel’s July 26 article about the company says it all: “Zero-Debt Goal Puts Cleveland-Cliffs on a Positive Path.”

It’s been so long since I’ve written about the iron ore producer; it is now the largest flat-rolled steel producer in North America in addition to its historical business producing iron ore pellets for steel producers. So, I guess if you can’t beat ’em [steel companies], you buy ’em.

• 7 Growth Stocks to Buy to Make Early Retirement a Reality

In March 2020 and December 2020, it completed the acquisitions of AK steel and ArcelorMittal USA, respectively. It paid $1.54 billion for AK Steel and $2.60 billion for ArcelorMittal USA. For the AK Steel acquisition, it issued 317 million CLF shares and assumed its debt of $914 million. In the case of ArcelorMittal USA, It paid $631 million in cash, issued 78.2 million shares of its common stock, and issued 583,273 of its Series B participating redeemable preferred stock.

At the end of 2019, it had $1.76 billion in net debt. One year later, the company’s net debt was $5.28 billion or 3x higher. While Cleveland-Cliffs reported record Q2 2021 results on July 22, it still finished the quarter with net debt of $5.30 billion.

And that doesn’t take into consideration the company’s $3.84 billion in pension and other postretirement benefits (OPEB).

According to my colleague, the company will undertake what its CEO describes as a “monumental” reduction of its debt in the second half of 2021, ultimately leading to zero net debt by the end of 2022.

Turn On the Free Cash Flow

To achieve this, it plans to turn on the free cash flow (FCF) generation valve over the next six quarters.

In the first six months of 2021, its free cash flow was -$166 million, considerably lower than the $581 million it used in the first six months of 2020. Nevertheless, that’s a 71% improvement over last year. In the third quarter, it expects FCF of $1.4 billion, which puts it in the positive column heading into Q4 2021.

As its CFO, Keith Koci, said in its Q2 2021 conference call; it expects to have $5.5 billion in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for all of 2021. It expects its past net operating losses to cover most of its federal tax owing for the year. That should help with free cash flow generation.

In Q3 2021, it expects free cash flow to be approximately 78% of its adjusted EBITDA of $1.8 billion. Assuming the same is true for the entire year, it ought to generate full-year free cash flow of $4.3 billion and $3.07 billion in Q4 2021 [$4.3 billion less $1.4 billion in Q3 2021 and -$166 million for Q1 2021 and Q2 2021].

If it does generate $4.5 billion in free cash flow in the second half of the year, it could very well make a big dent in its net debt in 2021, making its zero net debt goal for the end of 2022 very doable.

The Fly in the Ointment

Credit Suisse analyst Curt Woodworth has a $28 target price on CLF stock and an outperform rating. He believes that Cleveland-Cliffs will stay on a roll through the remainder of 2021.

“Looking ahead, we remain bullish on Cleveland-Cliffs as the company continues to optimize its large domestic steelmaking footprint and HBI asset and has brought a new commercial discipline to the integrated model,” Mining.com reported Woodworth saying in a note to clients. “It’s important to note that Cleveland-Cliffs has significant upside potential across its contract portfolio, entering 2022 with ~30% of annual contracts set to reprice in 4Q-21, which were settled lower in the prior year period.”

The analysts’ comments suggest Cleveland-Cliffs’ record revenue will continue unabated.

However, its earnings in the second quarter missed the consensus estimate by 8 cents. The company has now missed the consensus estimate in three consecutive quarters. The same thing may happen in the third quarter.

Should that happen, you’ll likely be able to buy CLF stock in the teens, well below where it’s currently trading.

My suggestion: If you like the company’s transformation, buy half a position now, and wait for it to report Q3 2021 results sometime in October. I would tread carefully. Its debt remains significant.

On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.

More From InvestorPlace

• 
  Stock Prodigy Who Found NIO at $2… Says Buy THIS Now

• 
  Analyst Who Found Microsoft at $0.38 Names #1 Pick for the AI Boom

• 
  America’s #1 EV Stock Still Flying Under the Radar

The post Should Investors Follow Redditors Down the Cleveland-Cliffs Path? appeared first on InvestorPlace.

Sydney, Australia–(Newsfile Corp. – July 30, 2021) – Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") is pleased to announce that it has filed its Q2 2021 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com.au, www.sedar.com and on the Company's website at www.australgold.com.

Chief Executive Officer, Stabro Kasaneva commented, "We have seen consistent monthly improvements at the Guanaco-Amancaya mine complex and expect production to gradually increase to achieve our annual guidance of 45,000-50,000 gold equivalent ounces. Our focus in 2021 is to extend the mine life at this operation. During the second quarter, we discovered two new veins at Amancaya as previously disclosed on 19 May 2021 and have extended the Central Vein at depth. We also continue to target high sulfidation gold and silver Tier 1 deposits in the Paleocene Belt in Chile consistent with our exploration strategy disclosed in our FY 2020 annual report. We currently have four exploration HS projects in the belt; Sierra Inesperada, Cerro Buenos Aires, and now an option agreement on Morros Blancos (adjacent to Amancaya) and Cerro Blanco. Additionally, we are drill testing Sierra Inesperada and plan to start drilling at Cerro Buenos Aires in September 2021."

Key quarterly highlights are as follows:

• Q2 2021 production gradually improving after completion of outsourcing to new UG mine contractor at Amancaya. A total of 8,351 gold equivalent ounces ("GEOs") (7,966 gold ounces and 26,332 silver ounces) were produced during the quarter, a 78% increase from Q1 2021.

• Cost of production ("C1") per GEO reduction to US$1,115 in Q2 2021, a 29% decrease from US$1,574 in Q1 2021 while all-in-sustaining cost ("AISC") was US$1,647 in Q2 2021, a 38% decrease from US$2,659 in Q1 2021. The quarterly average GEO selling price was US$1,830/oz.

• As previously announced in the Company's March 2021 quarterly activity report, the Company expects production to increase during the second half of the year and meet its 45,000-50,000 GEOs guidance provided for 2021. Consequently, we forecast average annual 2021 C1 and AISC per GEO to decrease to a range of US$850-US$950 and US$1,050- US$1,150 per GEO, respectively.

• Operating cash flow before changes in working capital was positive at US$3.3 million during Q2 2021 following the sale of 6,856 GEOs for proceeds of US$12.5 million. Cash at the end of the quarter was US$1.8 million and combined with the fair value of unsold ~2,000 gold ounces in inventory totaled US$5.4 million.

• Continued focusing on exploration and organic growth at its flagship Guanaco/Amancaya mine complex and discovered two new veins. Highlights from reported assays reported in our 19 May 2021 media release include:

  • DAM-024 2.41 meters @ 10.19 g/t gold and 55.2 g/t silver

  • DAM-026 1.17 meters @ 24.98 g/t gold and 77.3 g/t silver

  • DAM-019 4.27 meters @ 7.81 g/t gold and 33.0 g/t silver

  • DAM-016 1.8 meters @ 3.1 g/t gold and 1.5 g/t silver

• The work commitment program at Sierra Blanca project in Santa Cruz, Argentina, continued in accordance with the Option Agreement executed with New Dimension Resources on 13 October 2020.

• All resolutions were passed at the Company's 27 April 2021 Annual General Meeting.

• Executed an Option agreement with Pampa Metals where Austral may acquire up to an 80% interest in the Cerro Blanco and Morros Blancos properties (Chile) held by Pampa Metals. Further details are provided in the Company's 28 July 2021 announcement.

• At the end of Q2 2021, Austral participated in a cash call by Rawhide Acquisition Holding LLC ("Rawhide") and invested US$1 million. Austral's equity interest in Rawhide is now 23.25%.

• Ensign Gold ("Ensign") executed an option agreement with Barrick Gold for US$0.8 million (CDN$1.0 million) paid on signing, US$4.8 million (C$6 million) in exploration work commitments over a two-year period and a final cash payment of US$16 million (C$20 million) if Ensign exercises the option to acquire Barrick's 2,869 acre of mostly private ground. Barrick retained royalties over the properties under the agreement and was granted 3 million warrants at C$0.25 per share. The transaction would allow Ensign to fully consolidate the Mercur project. During July 2021, Ensign raised gross proceeds of US$7.4 million (C$9.16 million) through the issuance of equity. As a result of the financing, Austral's ownership in Ensign was diluted from 19.9% to 12.3%. The shares in the financing were issued at C$0.50/share, a 100% increase from the Austral investment of C$0.25/share.

About Austral Gold

Austral Gold Limited is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the USA and Argentina. Austral owns a 100% interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA. In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the recent acquisition of Revelo Resources Corp), a non-controlling interest in Pampa Metals and a 100% interest in the Pingüino project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral's website at www.australgold.com.

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

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
jose.bordogna@australgold.com
+54 (11) 4323 7558

David Hwang
Company Secretary
Austral Gold Limited
info@australgold.com
+61 (2) 9698 5414

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91662

ACI earnings call for the period ending June 30, 2021.

In this article, we discuss the 15 best high volume stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best High Volume Stocks to Buy Now.

In May this year, the chief of the United States Securities and Exchange Commission Chair Gary Gensler appeared before the House Committee on Financial Services and unleashed a strongly-worded tirade against what he termed was the gamification of the stock market by internet applications that market user-friendly equity trading. Gensler underlined conflicts of interests for traders that profited on high-volume trades through these platforms. The SEC chief called for regulations on these apps, joining a call made by Senator Elizabeth Warren earlier.

Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD), one of the apps that Gensler took to the cleaners in his testimony, recently debuted on the stock market, raising $2 billion on the first day of trading at a market valuation of close to $30 billion. Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD) is a platform that boasts a user base of around 22 million and reported a second quarter revenue of close to $550 million. It is mostly frequented by retail investors who trade in high volume stocks.

According to a report by investment bank Goldman Sachs, even as meme stocks register their worst crash in months, the retail investor boom in the market is just beginning and will bring in close to $400 billion into the market this year. Some of the high volume stocks popular with these investors presently include Advanced Micro Devices, Inc. (NASDAQ: AMD) and Ford Motor Company (NYSE: F), among others that are discussed below. The influx of these retail investors has transformed market dynamics in the past few months.

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 115 percentage points since March 2017. Between March 2017 and May 29th 2021 our monthly newsletter’s stock picks returned 206.8%, vs. 91.0% 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.

bluebay/Shutterstock.com

With this context in mind, here is our list of the 15 best high volume stocks to buy now. These were ranked keeping in mind the stock volume, analyst ratings, hedge fund sentiment, and basic business fundamentals.

Best High Volume Stocks to Buy Now

15. Tilray, Inc. (NASDAQ: TLRY)

Number of Hedge Fund Holders: 21 Volume: 46 million

Tilray, Inc. (NASDAQ: TLRY) is ranked fifteenth on our list of 15 best high volume stocks to buy now. The stock has returned 108% to investors over the course of the past twelve months. The company markets cannabis-related products. It is based in Canada. The company stands to benefit from a recent proposal that would legalize marijuana. The CEO of the firm, Irwin Simon, has already said he expects the US to legalize cannabis at a federal level within the next two years.

On July 28, investment advisory Roth Capital reiterated a Neutral rating on Tilray, Inc. (NASDAQ: TLRY) with a price target of $25, noting that the firm looked set for consolidation after a merger with Aphria.

At the end of the first quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $257 million in Tilray, Inc. (NASDAQ: TLRY), up from 17 in the previous quarter worth $47 million.

Just like Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD), Advanced Micro Devices, Inc. (NASDAQ: AMD) and Ford Motor Company (NYSE: F), Tilray, Inc. (NASDAQ: TLRY) is one of the best high volume stocks to buy now.

14. NIO Inc. (NYSE: NIO)

Number of Hedge Fund Holders: 28 Volume: 46 million

NIO Inc. (NYSE: NIO) is a China-based electric carmaker. It is ranked fourteenth on our list of 15 best high volume stocks to buy now. The company’s shares have returned 256% to investors in the past year. The firm is one of the largest EV makers in the world and looks set to benefit from a recent European proposal that will ban the internal combustion engine in the region by 2035. Even though the firm has so far avoided a Chinese government crackdown on dual-listed firms, concerns around dual-listed EV stocks are beginning to grow in Beijing.

On July 9, investment advisory HSBC upgraded NIO Inc. (NYSE: NIO) stock to Buy from Hold and raised the price target to $69 from $54. The company recently posted record vehicle delivery numbers for the month of June.

At the end of the first quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in NIO Inc. (NYSE: NIO), down from 34 in the preceding quarter worth $2.6 billion.

In its Q2 2020 investor letter, McLain Capital, an asset management firm, highlighted a few stocks and NIO Inc. (NYSE: NIO) was one of them. Here is what the fund said:

13. Uber Technologies, Inc. (NYSE: UBER)

Number of Hedge Fund Holders: 130 Volume: 50 million

Uber Technologies, Inc. (NYSE: UBER) is a technology company headquartered in California and founded in 2009. It owns and runs a ride hailing and food delivery business. It is ranked thirteenth on our list of 15 best high volume stocks to buy now. The stock has returned more than 47% to investors over the past twelve months. In earnings results for the first quarter, posted on May 5, the firm reported earnings per share of -$0.06 for the first three months of 2021, beating market expectations by $0.49. The revenue over the period was $2.9 billion, down 10.8% year-on-year.

Out of the hedge funds being tracked by Insider Monkey, California-based investment firm Altimeter Capital Management is a leading shareholder in the firm with 28 million shares worth more than $1.5 billion.

Alongside Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD), Advanced Micro Devices, Inc. (NASDAQ: AMD) and Ford Motor Company (NYSE: F), Uber Technologies, Inc. (NYSE: UBER) is one of the best high volume stocks to buy now.

RiverPark Advisors, LLC, in its Q4 2020 investor letter, mentioned Uber Technologies, Inc. (NYSE: UBER). Here is what the fund has to say in its letter:

12. Cleveland-Cliffs Inc. (NYSE: CLF)

Number of Hedge Fund Holders: 36 Volume: 51 million

Cleveland-Cliffs Inc. (NYSE: CLF) is placed twelfth on our list of 15 best high volume stocks to buy now. The company’s shares have returned 379% to investors over the past twelve months. The firm makes and sells steel products and is based in Ohio. On July 22, the firm posted earnings results for the second quarter, reporting earnings per share of $1.46 and a revenue of $5 billion. The revenue for the second quarter was up a whopping 358% compared to the revenue over the same period last year and beat market estimates by $50 million.

On July 29, investment advisory B Riley maintained a Buy rating on Cleveland-Cliffs Inc. (NYSE: CLF) stock and raised the price target to $36 from $35, noting that the firm had redeemed $1.2 billion worth of shares at an attractive valuation.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Cleveland-Cliffs Inc. (NYSE: CLF) with 13 million shares worth more than $262 million.

11. General Electric Company (NYSE: GE)

Number of Hedge Fund Holders: 68 Volume: 53 million

General Electric Company (NYSE: GE) stock has returned 118% to investors over the past year. It is ranked eleventh on our list of 15 best high volume stocks to buy now. The firm markets high-tech industrial products and is headquartered in Boston. In earnings results for the second quarter, posted on July 27, the firm reported earnings per share of $0.05, beating market predictions by $0.02. The revenue over the period was $18 billion, up close to 9% year-on-year and beating estimates by $340 million.

On May 19, investment advisory Barclays reiterated an Overweight rating on General Electric Company (NYSE: GE) stock and raised the price target to $16 from $15, highlighting the growth prospects for the firm on improving aviation data.

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $6.1 billion in General Electric Company (NYSE: GE), down from 69 in the previous quarter worth $5.6 billion.

In addition to Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD), Advanced Micro Devices, Inc. (NASDAQ: AMD) and Ford Motor Company (NYSE: F), General Electric Company (NYSE: GE) is one of the best high volume stocks to buy now.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE: GE) was one of them. Here is what the fund said:

10. PG&E Corporation (NYSE: PCG)

Number of Hedge Fund Holders: 65 Volume: 54 million

PG&E Corporation (NYSE: PCG) is a California-based company that sells electricity and natural gas. It is placed tenth on our list of 15 best high volume stocks to buy now. The firm was founded in 1905 and has a market cap of over $18 billion. It posted more than $18 billion in revenue last year. On July 1, the firm announced that it had asked regulators in the state for an electricity rate hike that would fund $3.6 billion in wildfire safety over three years beginning 2023. The proceeds are part of a $10 billion plan on prevention work around electric grids.

On May 14, investment advisory Mizuho maintained a Buy rating on PG&E Corporation (NYSE: PCG) stock and raised the price target to $16 from $15, underlining a potential delay in anticipated issuance of securitization bonds.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Third Point is a leading shareholder in PG&E Corporation (NYSE: PCG) with 82.9 million shares worth more than $971 million.

In its Q4 2020 investor letter, GoodHaven Capital Management, an asset management firm, highlighted a few stocks and PG&E Corporation (NYSE: PCG) was one of them. Here is what the fund said:

9. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 127 Volume: 56 million

Apple Inc. (NASDAQ: AAPL) is ranked ninth on our list of 15 best high volume stocks to buy now. The stock has offered investors returns exceeding 37% over the course of the past year. The company makes and sells electronic products and is headquartered in California. On July 27, the firm posted earnings for the third quarter, reporting earnings per share of $1.30, beating market predictions by $0.29. The revenue over the period was more than $81 billion, up 36% year-on-year and beating estimates by a whopping $7.9 billion.

On July 28, investment advisory Loop Capital reiterated a Buy rating on Apple Inc. (NASDAQ: AAPL) stock and raised the price target to $165 from $150, noting that the firm was positioned for a stronger than expected second half of the year.

At the end of the first quarter of 2021, 127 hedge funds in the database of Insider Monkey held stakes worth $130 billion in Apple Inc. (NASDAQ: AAPL), down from 146 in the preceding quarter worth $142 billion.

Just like Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD), Advanced Micro Devices, Inc. (NASDAQ: AMD) and Ford Motor Company (NYSE: F), Apple Inc. (NASDAQ: AAPL) is one of the best high volume stocks to buy now.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ: AAPL) was one of them. Here is what the fund said:

8. AMC Entertainment Holdings, Inc. (NYSE: AMC)

Number of Hedge Fund Holders: 19 Volume: 58 million

AMC Entertainment Holdings, Inc. (NYSE: AMC) is a Kansas-based movie theatre chain. It is placed eighth on our list of 15 best high volume stocks to buy now. The company’s shares have offered investors returns exceeding 843% over the course of the past twelve months. On July 20, the share price of the company jumped close to 25% after social media chatter around the company on forums such as WallStreetBets on Reddit and StockTwits. The spike came after reports indicated the firm was planning two new cinemas in Los Angeles in the coming months.

On June 10, S&P Global Ratings raised the rating on AMC Entertainment Holdings, Inc. (NYSE: AMC) stock to CCC+ from CCC- and noted that the firm had a positive outlook based on the capital raises so far this year, with the latest one bringing in $818 million.

At the end of the first quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $34 million in AMC Entertainment Holdings, Inc. (NYSE: AMC), up from 16 in the preceding quarter worth $24 million.

In its Q4 2020 investor letter, Mittleman Investment Management LLC, an asset management firm, highlighted a few stocks and AMC Entertainment Holdings, Inc. (NYSE: AMC) was one of them. Here is what the fund said:

7. Xenetic Biosciences, Inc. (NASDAQ: XBIO)

Number of Hedge Fund Holders: 2 Volume: 59 million

Xenetic Biosciences, Inc. (NASDAQ: XBIO) stock has returned 352% to investors over the past twelve months. It is ranked seventh on our list of 15 best high volume stocks to buy now. The company is based in Framingham and focuses on the development of products related to a personalized antigen receptor technology named XCART that targets patient-specific tumor neoantigens. On July 26, the share price of the firm jumped 45% after it announced that it had entered into a private placement worth $12.5 million.

Earlier this year, investment advisory HC Wainwright maintained a Buy rating on Xenetic Biosciences, Inc. (NASDAQ: XBIO) stock and raised the price target to $5 from $2, noting that the firm could expect a boost from the new XCART program.

At the end of the first quarter of 2021, 2 hedge funds in the database of Insider Monkey held stakes worth $749,000 in Xenetic Biosciences, Inc. (NASDAQ: XBIO), down from 1 in the previous quarter worth $347,000.

Alongside Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD), Advanced Micro Devices, Inc. (NASDAQ: AMD) and Ford Motor Company (NYSE: F), Xenetic Biosciences, Inc. (NASDAQ: XBIO) is one of the best high volume stocks to buy now.

6. Nokia Corporation (NYSE: NOK)

Number of Hedge Fund Holders: 21 Volume: 71 million

Nokia Corporation (NYSE: NOK) is placed sixth on our list of 15 best high volume stocks to buy now. The company’s shares have returned 26% to investors over the past twelve months. The firm is based in Finland and makes and sells mobile and fixed network solutions. On July 29, the firm posted earnings results for the second quarter, reporting earnings per share of €0.09, in line with market estimates. The revenue over the period was €5.3 billion, up 4% year-on-year and beating estimates by €150 million.

On July 30, investment advisory Cowen upgraded Nokia Corporation (NYSE: NOK) stock to Outperform from Market Perform. The price target on the shares was also raised to $8 from $5. Paul Silverstein, an analyst at the firm, issued the ratings update.

At the end of the first quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $352 million in Nokia Corporation (NYSE: NOK), up from 19 in the previous quarter worth $186 million.

Click to continue reading and see 5 Best High Volume Stocks to Buy Now.

Suggested Articles:

• 15 Best Gambling Stocks to Buy Now

• 10 Best Growth Stocks Under $10

• 10 Best Stocks for Animal Lovers

Disclose. None. 15 Best High Volume Stocks to Buy Now is originally published on Insider Monkey.

VANCOUVER, BC, July 30, 2021 /CNW/ – (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act: Please view PDF version.

As a result of the equity financing announced on July 15, 2021 (link to the news release), as well as a result of the vesting of employee share units, the number of issued and outstanding shares of the Company has increased to 453,034,981 common shares with voting rights as at July 31, 2021.

The total number of voting rights in the Company is therefore 453,034,981. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings (Transparency Rules).

Eira Thomas
President and Chief Executive Officer

Follow Lucara Diamond on Facebook, Twitter, Instagram, and LinkedIn

ABOUT LUCARA
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that Lucara is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 6:00 AM Pacific Time on July 30, 2021.

SOURCE Lucara Diamond Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/30/c3401.html

TORONTO, July 29, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) and (FRA: E4X2) ("Excellon" or the "Company") is pleased to report financial results for Q2 and H1 2021.

Q2 2021 Financial and Operational Highlights (compared to Q2 2020)

• Revenues increased to $9.7 million (Q2 2020 – $0.7 million) and in line with Q1 2021

• Gross profit improved to $2.1 million (Q2 2020 – loss of $2.6 million) and increased by 16% compared to Q1 2021

• Total cash cost net of byproducts per silver ounce payable decreased to $11.96 (Q2 2020 – $51.14) and decreased by 11% from Q1 2021

• All-in sustaining cost ("AISC") per silver ounce payable decreased to $26.69 (Q2 2020 – $105.49) and increased by 10% from Q1 2021

• Production cost per tonne decreased to $273 per tonne (Q2 2020 – $2,498 per tonne) and decreased by 8% from Q1 2021

• Fourth consecutive quarter of over 21,000 tonnes mined and milled, with record tonnes mined (86,316) and milled (88,648) over trailing twelve months, with sizeable stockpiles of ore and concentrate at quarter-end that were processed and/or delivered in early July

• Exploration expenditures increased 597% to $1.8 million (Q2 2020 – $258,000) and increased 80% from Q1 2021 as drilling continued to ramp-up, including:

• Cash and marketable securities of $7.1 million at June 30, 2021 (December 31, 2020 – $10.7 million)

"We realized another good quarter at Platosa, with financial results partially impacted by delayed processing and delivery of ore and concentrate at the quarter-end by weather conditions," stated Brendan Cahill, President and CEO. "The operation delivered good improvements in cost-per-tonne and cash costs, while AISC was higher in the quarter due to sustaining capital expenditures, a part of which had been deferred from earlier periods. Most importantly, we continued to ramp-up exploration on our projects, with Platosa ongoing and Silver City and Oakley getting started. We look forward to drilling results from our resource growth and discovery-focused projects through the remainder of the year."

Financial Results

Financial results for Q2 and H1 2021 and 2020 were as follows:

Revenues increased by $9.0 million during Q2 2021 and $13.3 million in H1 2021 relative to the comparative periods due to the Suspension and resulting negligible revenues in Q2 2020, and also due to ongoing strong metal prices and operational performance in Q2 and H1 2021. Revenues of $9.7 million in Q2 2021 were consistent with Q1 2021 revenues ($9.8 million) as payable metal sold and average realized prices were stable over H1 2021.

Cost of sales increased by $4.3 million during Q2 2021 and $5.5 million for H1 2021 relative to the comparative periods, primarily due to the Suspension. Production costs in Q2 2021 were $0.4 million lower than Q1 2021, partly reflecting $0.6 million in incremental energy costs incurred in Q1 2021 relating to the polar vortex and resulting significant increases in electricity costs in February 2021. The increase in depletion and amortization was driven primarily by increased production following the Suspension in Q2 2020.

Administrative expense increased by $0.5 million in H1 2021 compared to H1 2020, primarily driven by higher insurance expense relating to the Company's NYSE American listing. Administrative expenses in Q2 2021 decreased $0.7 million relative to Q2 2020, including a decrease of $0.8 million in share-based payment expense as annual compensation grants were made in Q1 2021 (and in Q2 in 2020).

The $1.5 million increase in exploration expenditures in Q2 2021 primarily reflects increased drilling at Platosa ($0.8 million), permitting activity at the Kilgore Project ($0.2 million) and permitting and drilling at Silver City ($0.5 million). Exploration programs were limited by the initial outbreak of COVID-19 globally in 2020 resulting in lower expenditures in the comparative periods.

Net finance expense in Q2 2021 consists primarily of $1.0 million of interest expense, of which $0.6 million relates to the accretion of the face value of the convertible debentures issued in Q3 2020 and $0.4 million represents the coupon interest payment on such convertible debentures at a 10% rate, paid in common shares at the Company's election. The Company elected to issue shares valued at $0.7 million to settle the coupon interest expense for H1 2021.

Net loss decreased by $0.9 million in Q2 2021 and by $4.3 million in H1 2021 relative to the comparative periods, mainly driven by improved gross profit, partly offset by higher exploration, finance and other expenses in H1 2021 as discussed above.

Total cash cost per silver ounce payable decreased by 77% and 41% for Q2 2021 and H1 2021, respectively, relative to the comparative periods, primarily driven by the increase in silver ounces payable in 2021 compared to negligible production in Q2 2020 due to the Suspension. Total cash cost per silver ounce payable decreased by 11% from Q1 2021 ($13.43) driven by a 4% decrease in cost of sales and a 14% increase in by-product credits, partly offset by a 10% decrease in silver ounces payable due to lower silver grades and recoveries in Q2 2021.

AISC per silver ounce payable decreased by 75% and 41% for Q2 and H1 2021 relative to the respective comparative periods in 2020, primarily driven by the increase in silver ounces payable in 2021 following the negligible production in Q2 2020 due to the Suspension. AISC per silver ounce payable increased by 10% from Q1 2021 ($24.34) driven primarily by a 10% decrease in silver ounces payable due to lower silver grades and recoveries in Q2 2021. Offsetting the Q1 2021 volume variance was a 20% or $0.8 million decrease in total cash costs net of by-product credits, as discussed above, and a $0.4 million decrease in share-based payment costs (as annual grants were made in Q1 2021), offset by an increase of $1.3 million or 124% in sustaining capital expenditures in Q2 2021, which had been partially deferred from earlier periods.

All financial information is prepared in accordance with IFRS, and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this press release should be read in conjunction with the Company's unaudited condensed consolidated financial statements for the three- and six-month periods ended June 30, 2021 and 2020, and associated management discussion and analysis ("MD&A") which are available from the Company's website at www.excellonresources.com and under the Company's profile on SEDAR at www.sedar.com and EDGAR at www.sec.com/edgar.

The discussion of financial results in this press release includes references to "cash flow from operations before changes in working capital items", "production cost per tonne", "cash cost per silver ounce payable", and "AISC per silver ounce payable", which are non-IFRS performance measures. The Company presents these measures to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three- and six-month periods ended June 30, 2021 and 2020, for a reconciliation of these measures to reported IFRS results.

Operating Results & Outlook

Operating performance was as follows, for the periods indicated below:

Strong and consistent production continued in Q2 2021 with continued focus on improving maintenance practices at both sites and enhancing the geological and engineering teams at Platosa. Head grades were lower in Q2 2021 compared to Q2 2020 due to higher mining dilution in narrower sections of the ore body. The Miguel Auza plant continues to focus on improving metal recoveries. Zinc recoveries improved relative to Q1 2021 following plant upgrades in the zinc flotation circuit. More generally, metal recoveries were impacted by weather conditions, power outages and metallurgical variances. The combination of mill maintenance in early June and weather conditions in late June resulted in sizeable stockpiles of ore (1,634 tonnes) and concentrate (154 tonnes of lead and 134 tonnes of zinc) at quarter-end, which were processed and/or delivered in early July.

COVID-19 Update

Excellon continues to maintain measures to prevent COVID-19 among the workforce and local communities and to monitor the effectiveness of these measures in mitigating any potential impact on business activities. The Company's actions have been successful to date and the pandemic has not had any material impact on production or shipment of concentrate.

Miguel Auza Litigation Update

Further to the press release of July 2, 2021 providing a litigation update on San Pedro Resources SA de CV ("San Pedro," a subsidiary of the Company), the formal written decision has still not been released or made available for review by the Company's legal counsel. The Company continues to operate in the ordinary course and continues to evaluate various alternatives regarding this matter.

About Excellon

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities, and shareholders. The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico's highest-grade silver mine since production commenced in 2005; Kilgore, a high quality advanced exploration gold project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company also aims to continue capitalizing on current market conditions by acquiring undervalued projects.

Additional details on Excellon's properties are available at www.excellonresources.com.

Forward-Looking Statements

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the impact of the COVID-19 pandemic on the Company's operations and results, the outcome and impact of the legal action in Mexico (including the dismissal of the appeal by the federal courts of Mexico on July 1, 2021) in respect of the La Antigua mineral concession that is part of the Evolución Property in Zacatecas, mineral resources estimates, the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, the potential of the Company's properties, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. 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, including, but not limited to, the ability of the Company to maintain normal operations during the COVID-19 pandemic, the outcome and impact of the legal action in Mexico (including the dismissal of the appeal by the federal courts of Mexico on July 1, 2021) in respect of the La Antigua mineral concession that is part of the Evolución Property in Zacatecas, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

Cautionary Note to U.S. Investors: The terms "mineral resource," "measured mineral resource," "indicated mineral resource" and "inferred mineral resource," as used on Excellon's website and in its press releases are Canadian mining terms that are defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). These Canadian terms are not defined terms under United States Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC by U.S. registered companies. The SEC permits U.S. companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Accordingly, note that information describing the Company's "mineral resources" is not directly comparable to information made public by U.S. companies subject to reporting requirements under U.S. securities laws. U.S. investors are urged to consider closely the disclosure in the Company's Form 40-F which may be secured from the Company, or online at http://www.sec.gov/edgar.shtml.

SOURCE Excellon Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/29/c6184.html

Fortuna Silver Mines (TSE:FVI) has had a rough three months with its share price down 20%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Particularly, we will be paying attention to Fortuna Silver Mines' ROE today.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

View our latest analysis for Fortuna Silver Mines

How To Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Fortuna Silver Mines is:

7.0% = US$52m ÷ US$753m (Based on the trailing twelve months to March 2021).

The 'return' is the yearly profit. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.07 in profit.

Why Is ROE Important For Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

A Side By Side comparison of Fortuna Silver Mines' Earnings Growth And 7.0% ROE

When you first look at it, Fortuna Silver Mines' ROE doesn't look that attractive. Next, when compared to the average industry ROE of 16%, the company's ROE leaves us feeling even less enthusiastic. Although, we can see that Fortuna Silver Mines saw a modest net income growth of 9.1% over the past five years. So, the growth in the company's earnings could probably have been caused by other variables. Such as – high earnings retention or an efficient management in place.

As a next step, we compared Fortuna Silver Mines' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 29% in the same period.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is FVI fairly valued? This infographic on the company's intrinsic value has everything you need to know.

Is Fortuna Silver Mines Using Its Retained Earnings Effectively?

Conclusion

Overall, we feel that Fortuna Silver Mines certainly does have some positive factors to consider. Namely, its respectable earnings growth, which it achieved due to it retaining most of its profits. However, given the low ROE, investors may not be benefitting from all that reinvestment after all. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

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.

TSX Venture Exchange: NEV

VANCOUVER, BC, July 30, 2021 /CNW/ – Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) announces that following its news release of June 21, 2021, it has received approval from the TSX Venture Exchange ("TSXV") for a shares-for-debt transaction to settle an aggregate of $18,793.48 in indebtedness to the Company's independent directors through the issuance of 221,099 common shares of the Company (the "Settlement Shares"), at a deemed price of $0.085 per Settlement Share (the "Debt Settlement"). Accordingly, the Company announces that it has completed the Debt Settlement. The Settlement Shares are subject to the statutory hold period of four months and a day, expiring December 1, 2021.

Related Party Transactions

Because the Settlement Shares will be issued to directors of the Company, the Debt Settlement will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), which is incorporated into Policy 5.9 of the TSXV Corporate Finance Manual.

The Board of Directors of the Company has determined that neither the value of the shares issued to, nor the aggregate debt settled with respect to, any directors or officers of the Company in connection with the Debt Settlement will exceed 25% of the Company's market capitalization on the date the Debt Settlement was agreed to and on the date hereof. As a result, the Debt Settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold¹.

¹ Technical Report of the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A., effective May 5, 2021 and prepared by Michael M. Gustin, CPG, and Gary L. Simmons, MMSA Q.P. filed on SEDAR under New Placer Dome Gold Corp.'s Issuer Profile (www.sedar.com).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located in the Clayton Valley basin near Silver Peak, Nevada, and water right Permit 86863, located in the Lida Valley basin, near Lida, Nevada.

FORWARD-LOOKING STATEMENTS

This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and may include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.

Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Other risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months ended March 31, 2021, which is available under Company's SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/30/c3191.html

NEW YORK, July 28, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ: PLL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Piedmont and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

In 2020, Piedmont signed a deal to supply Tesla Inc. with lithium sourced from its deposits in North Carolina. Then, on July 20, 2021, Reuters reported that Piedmont "has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so." Reuters further reported that "[f]ive of the seven members of the county's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected."

On this news, Piedmont's stock price fell $12.56 per share, or 19.91%, to close at $50.52 per share on July 20, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-piedmont-lithium-inc—pll-301343738.html

SOURCE Pomerantz LLP