London stocks were set to scrape out a gain out for the week, helped by miners and Vodafone, as investors sifted through a mixed set of economic data on Friday. “While there are questions around high-street retail demand despite government steps to reopen the economy, the saving grace appears to have come from football fans who drove up alcohol and food sales for the euro 2020 tournament,” said Joshua Mahony, senior market analyst at IG, in a note to clients. “July saw the U.K. economy’s recent growth spurt stifled by the rising wave of virus infections, which subdued customer demand, disrupted supply chains and caused widespread staff shortages, and cast a darkening shadow over the outlook,” said Chris Williamson, chief business economist at IHS Markit, in a press release.

(Adds BHP statement, Westshore shares)

TORONTO, July 23 (Reuters) – BHP Group has reached conditional agreement with a unit of Westshore Terminals Investment Corp for port services for the global miner's proposed Jansen potash mine in Canada, the terminal operator said late on Thursday, moving the project closer to fruition.

The port agreement is subject to approval by BHP's board and conditional on it moving ahead with Jansen's first phase, Westshore said in a release.

The world's biggest listed miner has estimated Jansen would cost up to $5.7 billion in its first phases.

The project in Canada's Saskatchewan province offers diversification into agricultural markets given that potash is a key element in plant nutrition that also makes crops more drought resistant.

"BHP confirms that Westshore Terminals Limited Partnership … has signed an agreement to provide port services for the Jansen potash project in Saskatchewan," BHP said in a statement to Reuters.

Last month BHP said it would present its board with a decision on whether to move ahead with Jansen after choosing between two port options.

"If the Jansen project does proceed, the agreement requires Westshore to handle potash for BHP for a term to 2051, subject to extension," Westshore said.

Under the agreement, Vancouver-based Westshore would construct infrastructure to handle potash at Westshore’s Roberts Bank Terminal by 2026, with BHP funding the construction.

The pact would become binding on BHP if it announces a final decision to proceed with Jansen's first stage, Westshore said.

Westshore's Toronto-listed shares climbed as much as 38% Friday.

(Reporting by Jeff Lewis; editing by Jason Neely, Kirsten Donovan)

VANCOUVER, BC, July 23, 2021 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG,) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce the commencement of a new exploration program at the Company's 100% held Yanso Gold Project in San Juan province, Argentina. Yanso is a gold-copper intrusive-related target with a 300 metre by 90 metre zone of strong alteration coincident with gold and other geochemical anomalies, which is open along strike and untested at depth.

Highlights of previous work include rock chip samples with assays of:

• 16m averaging 0.602 g/t Au (including 2m @ 1.27 g/t gold),

• 2m averaging 3.46 g/t gold, and

• 2m averaging 3.15 g/t gold.

"Yanso benefits from an excellent regional setting that includes nearby producing mines and deposits, and from a clear gold and copper target of unknown extent," stated Brian McEwen, Golden Arrow VP Exploration and Development.

The new program includes a 6.6 line-kilometre Induced Polarization ("IP") – Resistivity survey being completed by Geofisica Argentina. Gold-copper mineralization at Yanso is associated with pyrite or related oxidized surface minerals, so the Golden Arrow technical team believes that this technique will provide an excellent tool to understand the subsurface extents of the mineralized zone based on chargeability. The survey will cover the known target area and test for extensions to the north and south over a distance of 2.4km, most of which is under recent alluvial cover. In addition, Golden Arrow's field team will complete a 700-hectare ground magnetics survey to gain subsurface geological and structural information. Golden Arrow has engaged independent geophysical consultant Miles Rideout to guide the IP and magnetics survey programs. In addition to the geophysical work, the field team will initiate a surface reconnaissance program of mapping and rock sampling.

About the Yanso Project
The Yanso Gold Project includes 12,480 hectares in five non-contiguous concessions, situated approximately 27 kilometres south of the Gualcamayo mine in San Juan province, Argentina. Detailed airborne magnetics identified an intrusive body, and strong silica-illite-pyrite alteration is exposed at the contact with the intrusive. The 330m long by 90m wide zone of alteration is exposed between two major drainages and at the intersection of two structural trends. Golden Arrow has conducted limited surface sampling programs over the target in the past that identified geochemical anomalies, with gold assay highlights from rock chips noted above as disclosed in the February 19^th, 2008 news release. Potential strike extensions of the mineralized zone are buried by alluvial cover.

Qualified Persons

The technical portions of this news release have been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development to the Company and a Qualified Person as defined in National Instrument 43-101.

About Golden Arrow:

Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. The Company is well leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.

Golden Arrow is actively exploring a portfolio that includes a new epithermal gold project in Argentina, a district–scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of properties in Argentina.

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

"Joseph Grosso"

_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO

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

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/golden-arrow-initiates-exploration-program-at-yanso-gold-project-argentina-301339926.html

SOURCE Golden Arrow Resources Corporation

Despite a major oil price crash on Monday, oil prices are now on course to close out the week more or less unchanged.

Friday, July 23rd, 2021

The news of OPEC+ bringing back withheld production in August 2021, following through with 400kbpd monthly increments over the remainder of this year, triggered a spectacular tumble in oil prices earlier this week. Despite pandemic-related risks surging in Southeast Asia and U.S. crude inventories rising for the first time since May, the second half of the week saw a surprising rebound as the market has grown to realize that additional OPEC+ supply would be offset by recovering global demand.

Venezuela Buys Diluents Again. The VLCC Rene discharged a cargo of condensate in Venezuela’s main export terminal of José, previously used by PDVSA to dilute extra-heavy Orinoco barrels to create transportable and refinable blends. The origin of the cargo is unknown, the supertanker’s last port of call was in Sri Lanka.

Iberdrola Might Spin-Off Wind Business. The Spanish wind energy giant Iberdrola (BME:IBE) is considering a spin-off of its wind business to raise funds, it said when presenting H1 2021 results this week. Beyond its traditional markets in Europe, Iberdrola has been increasing its presence in the Asia Pacific region, going after new markets like Vietnam, Korea, or Vietnam.

Germany-US Agree on Nord Stream-2 Deal. The White House will scrap sanctions targeting the nearly completed Nord Stream 2 gas pipeline that would bring Russian gas into Germany, in return for Berlin’s pledge to ensure Gazprom (MCX:GAZP) does not fully cut off transit via Ukraine.

Coal Prices Surge to Highest Level in More than Decade. Decreasing Chinese domestic production, unrest in South Africa, and weak hydro generation across the continent have pushed Asian coal prices to their highest level in 13 years, with Newcastle thermal coal FOB prices flirting with the $150 per metric ton threshold, double of what it was in early May.

Tesla Patents New Lithium Extraction Method. Tesla Motors (NASDAQ:TSLA) has filed a patent on a new lithium extraction method from ore using sodium chloride, a more environmentally friendly way of getting lithium, avoiding the usage of acid leaching. According to Tesla officials, the new method might lead to a 33% reduction in lithium cost.

India Seeks to Commercialize Crude Stocks. India has decided to commercialize half of its strategic reserves to encourage private participation in its SPR – companies would have the option to re-export 1.5 million tons of crude stored at SPR sites if Indian companies refuse to buy it. ADNOC remains the only oil major to commit to SPR participation in India.

TAP Fails the Expansion Test. The 10 BCm per year TAP pipeline that brings Azeri gas to Turkey and Europe failed to trigger any shipping interest as no binding bids were submitted for potential capacity bookings, stoking concerns that the European case for further gas conduits was overblown.

Iran Inaugurates Jask Terminal. Iranian officials claimed the new crude export terminal at Jask began operations on Thursday, even though no vessel-tracking data was able to spot a ship alongside the jetties. The 300kbpd capacity Jask will supplement Iran’s main export port at Kharg Island.

Related: U.S. Shale Sees Light At The End Of The Tunnel

US Natgas Futures Highest Level in Almost 3 Years. US natural gas futures rose to their highest level since December 2018 on the heels of warmer-than-expected weather and higher air conditioning power demand, writes Reuters. The front-month NYMEX Henry Hub futures for August surpassed the $4 per mmBtu mark, rising more than 55% this year to date.

Saudi Aramco Data Stolen. Saudi Arabia’s national oil company Saudi Aramco (TADAWUL:2222) confirmed media reports that there has been a data leak of company data (reported to amount to 1 terabyte) yet declined to comment whether the data had been used in a cyber-extortion attempt. Media reports indicate the ransom was set at $50 million.

India Considering Obligatory Green Hydrogen. India’s government is considering the introduction of obligatory green hydrogen use in certain industries, with the oil, steel, and chemical industry listed as prime candidates to fall under the effect of such measures. No details were provided on the assumed deadlines.

BHP Seeking an Oil Exit. Australia’s BHP Group (NYSE:BHP) is mulling a complete exit from the oil business, with its assets estimated at $15 billion or more, seeking to focus on its giant iron ore and copper businesses instead. Media reports suggest that Woodside Petroleum would be the prime candidate to pick up BHP’s oil and gas portfolio.

Barents Sea Prospects Cooling. In another blow to Norway’s strategic quest to tap into the Barents Sea’s assumed hydrocarbon bounty, Aker BP (AKRBP.OL) made only a minor discovery with its wildcat in licensing block PL858, sapping hopes that the Arctic shelf could maintain the European country’s production profile.

France Softens Narrative on China Nuclear Woes. The French EDF (EPA:EDF) suggested it would shut down the Taishan nuclear reactor if similar rod fuel sealing issues were to happen in France. Taishan, the first EPR-type reactor to become operational, has been reporting build-ups on inert gases, compelling nuclear watchdogs to monitor levels of radiation.

Rwanda Seeks Its Place Under the Sun. Rwandan authorities have reportedly allocated funds to start a 2D seismic survey around Lake Kivu, in the hope of finding hydrocarbons reserves similar to the ones TotalEnergies (EPA:TTE) is developing at Lake Albert in Uganda, soon to be a new 200kbpd producing hub in East Africa.

By Tom Kool for Oilprice.com

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• The World Will Run Out Of EV Batteries By 2025
  

• The Renewable Energy Waste Crisis Is Much Worse Than You Think

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Read this article on OilPrice.com

BEDFORD, NS / ACCESSWIRE / July 23, 2021 / Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") (TSXV:SSE) is pleased to announce the continuation of its Phase 1 exploration drilling at the El Mezquite Au-Ag property ("El Mezquite" or the "Property"). The first seven (7) drill holes are complete and have been submitted to the laboratory, and Layne de Mexico has added a second drill to the Property to aim to complete the 2,475 metres of drilling by the end of next week.

"We are pleased that the arrival of a second drill at El Mezquite will allow Silver Spruce to complete our Phase 1 program by the end of July and permit all samples to be fully logged and submitted to the lab before the second week of August. The technical team has been expanded with additional geologists and samplers to expedite our progress," stated Greg Davison, Silver Spruce Vice-President Exploration and Director. "The program was delayed for four weeks in order to deal with equipment logistical issues during which we demobilized the team and drill."

Figure 1. Looking north across Pad M1 (MEZ001, MEZ-002, MEZ-003) at El Mezquite showing RC rig from Layne de Mexico drilling on a southerly azimuth at -45° dip angle

"The Phase 1 RC program comprises 20 holes with a combined depth of 2,475 metres (950 metres completed) and will utilize eight drill pad locations focused around a 400m x 600m area with elevated precious metal values to 3.41 g/t Au and 387 g/t Ag. Collars were defined by several northeast-trending veins, structural lineaments and oxide/sulphide transitions interpreted from geological mapping, precious metal assays, multi-element geochemistry, epithermal alteration assemblages and coincident 3D IP chargeability anomalies," said Mr. Davison. "New targets also are developing from our ongoing geological, hyperspectral and LiDAR compilation, and incoming drill results."

The Company's first-ever drilling program at El Mezquite still is scheduled to be completed in July with samples submitted to ALS Global in Hermosillo on a weekly basis. Laboratory assay results were anticipated from two to six weeks after submittal. Customs clearance, courier transport logistics and laboratory workloads each have impacted the projected turnaround time for the assays. The data will be released once the final precious metal and multi-element results are in receipt and interpreted for the first seven (7) drill holes, and for the remaining thirteen (13) drill holes, and all of which will contribute to the program design for Phase 2 drilling after the summer rainy season.

Figure 2. Location Map for El Mezquite, Jackie and Diamante Concessions. Nicho mine development by Minera Alamos located 10 km SE of El Mezquite.

El Mezquite, a drill-ready precious metal project located 10 km northwest of the town of Tepoca, and 170 km southeast of the capital city of Hermosillo, eastern Sonora, Mexico, is very well situated in terms of logistics for exploration and is located only twelve kilometres northwest of the Nicho deposit currently under mine development by Minera Alamos (see Figure 2).

Exploration Overview

The Company undertook an exploration program including environmental permitting for drilling, geological mapping of geologic structures and lineaments, ortho-mosaic photography, rock geochemical and hyperspectral analysis, data compilation and GIS modeling, and a LiDAR survey. Ground truthing of the Au-Ag system with geological mapping and rock sampling was completed in three campaigns between July 2020 and March 2021. All aspects of the exploration program are conducted with strict adherence to COVID-19 protocols for personal safety.

All current samples from the 2020-2021 programs were submitted to ALS Global for gold, multi-element and hyperspectral analysis. Historical samples (>400) from the 2010-2019 programs also were submitted to provide complementary multi-element and hyperspectral data over the Property database. The final batch of assay results are in receipt and pending GIS upload and interpretation.

LiDAR survey and satellite hyperspectral interpretation results were received recently and are being updated into the project GIS database.

RC Drill Program

The environmental permit, required to drill the Property, was received from SEMARNAT (see Press Release April 20, 2021) and granted to the concession holder, Yaque Minerals S.A. de C.V. ("Yaque") by the Mexican Secretariat of Environment and Natural Resources (SEMARNAT).

The permit allows for fourteen (14) drill pads over the targets in the northern area of the concession. Individual holes are expected to reach depths of 100-200 metres to intersect the target intervals.

Land surface agreements were signed recently with three ranchers to facilitate full access to the Phase 1 collar locations.

Project Background

The 180-hectare Property is easily accessible from Mexican Highway #16 via a southerly-trending unpaved road which traverses through the centre of the known gold mineralization (see Figures 2 and 3). High voltage power lines are positioned along Highway #16.

The El Mezquite Project is located within the west-central portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the well-known, precious metals-rich Mojave-Sonora Megashear (see Figure 3).

Geochemical Analysis, Quality Assurance and Quality Control

Drill chip sample splits are delivered to the ALS sample preparation facility in Hermosillo, Sonora, Mexico. ALS Global in North Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO/IEC 17025:2005 from the Standards Council of Canada.

The samples are crushed to 70% passing 2mm (PREP-31) and a split of up to 250 grams pulverized to 85% passing 75 micrometres (-200 mesh). The sample pulps and crushed splits are transferred internally to ALS Global's North Vancouver analytical facility for gold and multi-element analysis. Pulps (50gram split) are submitted for Au analysis by Fire Assay with Atomic Absorption finish (Au-AA24).

The retained pulps also will be analysed by Four Acid Digestion followed by Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) multi-element analyses (ME-ICP61m) with Hg by Aqua Regia and ICP-MS (Hg-MS42).

Over-limit Au and Ag samples will be analyzed by Fire Assay with Gravimetric Finish Ore Grade (Au-GRA21 or Au-GRA22, Ag-GRA21). Overlimit base metals will be analyzed by Four Acid Digestion followed by Ore Grade Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) for Cu, Pb and Zn (Cu-OG62, Pb-OG62, Zn-OG62).

In-house quality control samples (blanks, standards, duplicates, preparation duplicates) are inserted into the sample set. ALS Global conducts its own internal QA/QC program of blanks, standards and duplicates, and the results will be provided with the Company sample certificates. The results of the ALS control samples are reviewed by the Company's QP and evaluated for acceptable tolerances.

All sample and pulp rejects will be stored at ALS Global pending full review of the analytical data, and future selection of pulps for independent third-party check analyses, as requisite.

Figure 3. Location Map of El Mezquite Property and Mines of the Sierra Madre Occidental

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the El Mezquite Project and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), under TSX guidelines.

About Layne de Mexico

Layne Mineral Services, a Granite Company, is one of the largest providers of drilling services in the Americas, and its Mexican subsidiary, Layne de Mexico, has its equipment and technical team based in Hermosillo, Sonora, Mexico.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company also is pursuing exploration of the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO and Director
(902) 402-0388
mkinley@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/656782/Silver-Spruce-Provides-Update-on-Phase-1-Drilling-and-Layne-de-Mexico-adds-2nd-Drill-at-El-Mezquite-Au-Ag-Project-Sonora-Mexico

VANCOUVER, BC / ACCESSWIRE / July 23, 2021 / AZARGA URANIUM CORP. (TSX:AZZ)(OTCQB:AZZUF)(FSE:P8AA) ("Azarga Uranium" or the "Company") is pleased to announce that further to an ordinary rebalance in the Solactive Global Uranium & Nuclear Components Total Return Index (the "Index"), the Company will be included in the Index composition for the Global X Uranium ETF. The ordinary rebalance of the Index will be implemented effective August 2, 2021 and occurs semi-annually.

With net assets of approximately US$640 million, the Global X Uranium ETF is the largest Exchange Traded Fund ("ETF") in the uranium sector and the Index tracks the price movements in shares of companies involved in uranium mining and the production of nuclear components.

Azarga Uranium is already included in the index composition for the North Shore Global Uranium Mining ETF and the Horizons Global Uranium Index ETF.

Blake Steele, Azarga Uranium President and CEO, stated: "We are pleased to be included in the Index composition for the Global X Uranium ETF. This is an important milestone for the Company and recognizes our continued efforts to build shareholder value. Investor sentiment towards nuclear energy has markedly improved in 2021 and uranium ETFs have experienced significant capital inflows as a result. Our Company is well positioned to benefit from the strengthening uranium market, as we continue to advance our two tier one development stage in-situ recovery uranium projects in the USA, the Dewey Burdock and Gas Hills Projects."

About Azarga Uranium Corp.
Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America ("USA") (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing in-situ recovery uranium projects. The Dewey Burdock in-situ recovery uranium project in South Dakota, USA (the "Dewey Burdock Project"), which is the Company's initial development priority, has received its Nuclear Regulatory Commission License and Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project.

For more information please visit www.azargauranium.com.

Follow us on Twitter at @AzargaUranium.

For further information, please contact:
Blake Steele, President and CEO
+1 605 662-8308
E-mail: info@azargauranium.com

Disclaimer for Forward-Looking Information
Certain information and statements in this news release may be considered forward-looking information or forward-looking statements for purposes of applicable securities laws (collectively, "forward-looking statements"), which reflect the expectations of management regarding its disclosure and amendments thereto. Forward-looking statements consist of information or statements that are not purely historical, including any information or statements regarding beliefs, plans, expectations or intentions regarding the future. Such information or statements may include, but are not limited to, statements with respect to the future financial or operating performance of the Company and its mineral projects, the Company being well positioned to benefit from the strengthening uranium market and the Company being in the process of completing regulatory permit approvals necessary for the construction of the Dewey Burdock Project. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Azarga Uranium will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including without limitation: the risk that the Company is not well positioned to benefit from the strengthening uranium market, the risk that the Company does not advance or complete regulatory permit approvals necessary for the construction of the Dewey Burdock or Gas Hills Projects, the risk that such statements may prove to be inaccurate and other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, Azarga Uranium assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the most recent AIF filed with Canadian security regulators.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

SOURCE: Azarga Uranium Corp.

View source version on accesswire.com:
https://www.accesswire.com/656757/Azarga-Uranium-Included-in-Index-Composition-for-Global-X-Uranium-ETF

Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

Given this risk, we thought we'd take a look at whether GoviEx Uranium (CVE:GXU) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for GoviEx Uranium

Does GoviEx Uranium Have A Long Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. When GoviEx Uranium last reported its balance sheet in March 2021, it had zero debt and cash worth US$11m. Importantly, its cash burn was US$4.0m over the trailing twelve months. That means it had a cash runway of about 2.7 years as of March 2021. Arguably, that's a prudent and sensible length of runway to have. Depicted below, you can see how its cash holdings have changed over time.

How Is GoviEx Uranium's Cash Burn Changing Over Time?

Because GoviEx Uranium isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Over the last year its cash burn actually increased by 3.5%, which suggests that management are increasing investment in future growth, but not too quickly. That's not necessarily a bad thing, but investors should be mindful of the fact that will shorten the cash runway. GoviEx Uranium makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Easily Can GoviEx Uranium Raise Cash?

While its cash burn is only increasing slightly, GoviEx Uranium shareholders should still consider the potential need for further cash, down the track. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

GoviEx Uranium has a market capitalisation of US$96m and burnt through US$4.0m last year, which is 4.2% of the company's market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About GoviEx Uranium's Cash Burn?

It may already be apparent to you that we're relatively comfortable with the way GoviEx Uranium is burning through its cash. In particular, we think its cash runway stands out as evidence that the company is well on top of its spending. Although its increasing cash burn does give us reason for pause, the other metrics we discussed in this article form a positive picture overall. Looking at all the measures in this article, together, we're not worried about its rate of cash burn; the company seems well on top of its medium-term spending needs. On another note, we conducted an in-depth investigation of the company, and identified 5 warning signs for GoviEx Uranium (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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

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.

Wall Street expects a year-over-year increase in earnings on higher revenues when Energy Fuels (UUUU) reports results for the quarter ended June 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus Estimate

This uranium and vanadium miner and developer is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +50%.

Revenues are expected to be $5.48 million, up 1270% from the year-ago quarter.

Estimate Revisions Trend

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

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

Price, Consensus and EPS Surprise

Earnings Whisper

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

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

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

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

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

How Have the Numbers Shaped Up for Energy Fuels?

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

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

So, this combination makes it difficult to conclusively predict that Energy Fuels will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

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

For the last reported quarter, it was expected that Energy Fuels 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 beaten consensus EPS estimates just once.

Bottom Line

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

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

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

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Energy Fuels Inc (UUUU) : Free Stock Analysis Report

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Zacks Investment Research

It is not unusual to falter in life due to lack or absence of proper guidance. The same theory applies to the investing world as well. With a plethora of stocks flooding the market at any point of time, it is very much possible for an investor to make a hasty decision while designing one’s portfolio in want of know-how/expertise. Choice of improper stocks can adversely impact his/her returns, thereby defeating the very objective of shelling out hard-earned money in the highly unpredictable stock market.

Brokers to the Rescue

To avoid such predicament, investors rely on the guidance provided by brokers who are deemed experts in the field. Brokers, irrespective of their types (sell-side, buy-side or independent), undertake a thorough research of the stocks covered by them.

To that end, they attend company conference calls, interview management personnel and minutely study the company’s publicly available documents among other things. Against this backdrop, it is no surprise that they have extensive knowledge on the stocks in their portfolio(s). Similarly, it is in the best interest of investors to be guided by such well-researched information of the “experts” in the field while arriving at crucial investment decisions (buy, sell or hold).

Since brokers indulge in in-depth analysis, the question of their actions being arbitrary does not arise. The direction of the estimate revisions serves as an important pointer in determining the price of a stock. In fact, a rating upgrade normally leads to stock price appreciation and vice versa.

To take care of the earnings performance, we designed a screen based on improving analyst recommendations and upward estimate revisions over the last four weeks.

Don’t Ignore the Top Line

A strategy designed solely on the basis of the bottom line is unlikely to result in a winning strategy. According to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. To address the top-line concerns, we included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.

Screening Criteria

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

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

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

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

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

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

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

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

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

Bassett Furniture Industries, Incorporated  BSET carries out manufacturing, marketing and retailing of home furnishings in the United States and internationally. The stock presently sports a Zacks Rank #1 (Strong Buy). Factors like an improved housing market scenario in the United States, product innovation and efficient cost management are aiding the company’s earnings, which outshined the Zacks Consensus Estimate in each of the last four quarters, the average being in excess of 100%. You can see the complete list of today’s Zacks #1 Rank stocks here. 

Peabody Energy BTU: St Louis, MO-based Peabody Energy engages in the coal mining business and has both thermal and metallurgical operations. The revival in the domestic and international coal markets bodes well for this currently Zacks Rank #2 (Buy) stock.

AutoNation AN is the largest automotive retailer in the United States. The stock, currently sporting a Zacks Rank of 1, has seen the Zacks Consensus Estimate for earnings improve 38.4% over the past 60 days. Factors like a diversified product mix and multiple streams of income are supporting the company’s growth.

Arch Resources ARCH based in St. Louis, MO, is one of the largest coal producers in the United States. The stock, currently sporting a Zacks Rank #1, has seen the Zacks Consensus Estimate for earnings move 37.7% north over the past 60 days. Factors like its strong liquidity position are serving the stock well.

Abercrombie & Fitch Company  ANF operates as a specialty retailer of premium, high-quality casual apparel for men, women and kids. The Zacks Consensus Estimate for this presently Zacks #1 Ranked stock’s current-year earnings has been revised 117.1% upward over the past 60 days. The company is being well-served by robust digital sales and efficient cost-control measures.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

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

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

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

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

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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
 
Peabody Energy Corporation (BTU) : Free Stock Analysis Report
 
AutoNation, Inc. (AN) : Free Stock Analysis Report
 
Bassett Furniture Industries, Incorporated (BSET) : Free Stock Analysis Report
 
Arch Resources Inc. (ARCH) : Free Stock Analysis Report
 
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Vancouver, British Columbia–(Newsfile Corp. – July 23, 2021) – Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that its common shares were approved today for trading on OTC Markets Group Inc.'s OTCQB^® Venture Market ("OTCQB") for early-stage and developing U.S. and international companies.

Robert Willis, CEO, commented, "Our OTCQB listing is an important milestone for the Company and provides increased access and visibility to prospective U.S. investors. This listing should help promote greater liquidity and simplify transactions for U.S. based investors to enable them to participate directly in our Company as we advance our Buck gold discovery."

OTC Markets Group Inc. operates the OTCQX^® Best Market, the OTCQB^® Venture Market and the Pink^® Open Market for 11,000 U.S. and global securities. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. OTCQB is recognized by the U.S. Securities and Exchange Commission ("SEC") as an established public market for the purpose of determining the public market price when registering securities for resale with the SEC, and it provides current public information to investors that need to analyze, value, and trade securities.

Investors can find real-time quotes and market information for the Company on: https://www.otcmarkets.com/stock/SMREF/overview

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at their flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well funded exploration campaigns with year round drilling access. The property has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com
Tel. 778-588-9606

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit Minerals Corp. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91012

The performance at EROAD Limited (NZSE:ERD) has been quite strong recently and CEO Steven Newman has played a role in it. Coming up to the next AGM on 30 July 2021, shareholders would be keeping this in mind. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.

View our latest analysis for EROAD

Comparing EROAD Limited's CEO Compensation With the industry

According to our data, EROAD Limited has a market capitalization of NZ$544m, and paid its CEO total annual compensation worth NZ$737k over the year to March 2021. We note that's a decrease of 29% compared to last year. We note that the salary portion, which stands at NZ$603.0k constitutes the majority of total compensation received by the CEO.

On examining similar-sized companies in the industry with market capitalizations between NZ$287m and NZ$1.1b, we discovered that the median CEO total compensation of that group was NZ$678k. So it looks like EROAD compensates Steven Newman in line with the median for the industry. Moreover, Steven Newman also holds NZ$847k worth of EROAD stock directly under their own name.

Talking in terms of the industry, salary represented approximately 66% of total compensation out of all the companies we analyzed, while other remuneration made up 34% of the pie. EROAD pays out 82% of remuneration in the form of a salary, significantly higher than the industry average. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

A Look at EROAD Limited's Growth Numbers

Over the past three years, EROAD Limited has seen its earnings per share (EPS) grow by 98% per year. In the last year, its revenue is up 13%.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has EROAD Limited Been A Good Investment?

Most shareholders would probably be pleased with EROAD Limited for providing a total return of 103% over three years. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

In Summary…

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. Instead, investors might be more interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential.

While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. That's why we did some digging and identified 3 warning signs for EROAD that you should be aware of before investing.

Switching gears from EROAD, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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.

MISSISSAUGA, Ontario, July 23, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company" or “Canada Carbon”) (TSX-V:CCB), (FF:U7N1) announces it has received a notification of a change in preliminary orientation from La Commission de Protection du territoire Agricole du Quebec (“CPTAQ”) . The decision allows for a further 30 day period for any interested parties to make written submissions.

In its decision rendered July 21, 2021, the CPTAQ indicated that it is prepared to authorize the exploration on 57.88 hectares of the Miller Project for a period of two years. The two year exploration period is intended to allow CCB the opportunity to gather additional information and resubmit its application. This preliminary orientation explicitly approves the reactivation of exploration work on the Miller Property. Accordingly, Canada Carbon will be moving forward with the additional drilling required to finalize the pit design.

In addition to satisfying CPTAQ requirements, the additional information to be obtained from the exploration program will enable Canada Carbon to gather the detailed data required by Ministry of Mines and Ministry of Environment as part of their review processes, and will form part of the Miller Project Feasibility Study.

For further information:

Olga Nikitovic
Interim CEO
Canada Carbon Inc.
info@canadacarbon.com

Valerie Pomerleau
Director Public Affairs and Communications
Canada Carbon Inc.
valerie@ryanap.com
(819) 856-5678

“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.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Dieppe, New Brunswick–(Newsfile Corp. – July 23, 2021) – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that its partner Silver Spruce Resources has released an update with respect to the Phase 1 exploration drilling at the El Mezquite Au-Ag property ("El Mezquite" or the "Property"). The first seven (7) drill holes are complete and have been submitted to the laboratory, and Layne de Mexico has added a second drill to the Property to aim to complete the 2,475 metres of drilling by the end of next week.

The technical team has been expanded with additional geologists and samplers to expedite progress. The program was delayed for a period of four weeks by local security concerns which required the demobilization of the team and equipment as a precaution.

Figure 1. Looking north across Pad M1 (MEZ001, MEZ-002, MEZ-003) at El Mezquite showing RC rig from Layne de Mexico drilling on a southerly azimuth at -45° dip angle

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4269/91068_85592aac94f299c8_001full.jpg

The inaugural drilling program at El Mezquite is now scheduled to be completed in July with samples submitted to ALS Global in Hermosillo on a weekly basis. The data will be released once the final precious metal and multi-element results are in receipt and interpreted for the first seven (7) drill holes, and for the remaining thirteen (13) drill holes, and all of which will contribute to the program design for Phase 2 drilling after the summer rainy season.

Silver Spruce Resources is currently in year two of a four year agreement with Colibri to earn 50% of the El Mezquite Gold and Silver Project. For full details of the agreement please refer to the Colibri news release dated June 11^th, 2020.

ABOUT COLIBRI RESOURCE CORPORATION:

Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration projects of which five currently have exploration programs being executed or planned for 2021. The flagship Evelyn Gold Project is 100% owned and explored by Colibri. The Company has four additional projects, Pilar Gold & Silver Project (optioned to Tocvan Ventures – (CSE: TOC)), El Mezquite Gold & Silver Project, Jackie Gold & Silver Project, and the Diamante Gold & Silver Project (earn-in agreements with Silver Spruce Resources – (TSXV: SSE)) are also currently being actively advanced.

For more information about all Company projects please visit: www.colibriresource.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.

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.

For further information: Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91068

Investors interested in stocks from the Chemical – Diversified sector have probably already heard of Dow Inc. (DOW) and Albemarle (ALB). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Dow Inc. has a Zacks Rank of #1 (Strong Buy), while Albemarle has a Zacks Rank of #2 (Buy) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that DOW is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

DOW currently has a forward P/E ratio of 7.82, while ALB has a forward P/E of 53.31. We also note that DOW has a PEG ratio of 0.28. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ALB currently has a PEG ratio of 2.68.

Another notable valuation metric for DOW is its P/B ratio of 2.80. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, ALB has a P/B of 3.79.

These metrics, and several others, help DOW earn a Value grade of A, while ALB has been given a Value grade of F.

DOW sticks out from ALB in both our Zacks Rank and Style Scores models, so value investors will likely feel that DOW is the better option right now.

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NEW YORK, July 23, 2021 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Piedmont Lithium Inc. (NASDAQ: PLL) resulting from allegations that Piedmont may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Piedmont securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

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

WHAT IS THIS ABOUT: On July 20, 2021, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which 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." The article also 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[,]" and quoted the chair of the board of commissioners stating that "Piedmont has sort of put the proverbial cart before the horse[.]"

The article further reported that "[s]tate officials added their review process could stretch for more than a year as they solicit comments from at least six other state and federal agencies[,]" and quoted the director of Gaston County's planning and zoning office stating that "I'm not even going to accept an application from Piedmont for rezoning until they have their state permit in hand[.]"

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

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

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

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

Contact Information:

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/rosen-leading-trial-attorneys-encourages-piedmont-lithium-inc-investors-with-losses-to-inquire-about-class-action-investigation–pll-301340507.html

SOURCE Rosen Law Firm, P.A.

LOS ANGELES, CA / ACCESSWIRE / July 23, 2021 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Piedmont Lithium Inc. ('Piedmont' or 'the Company') (NASDAQ: PLL) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Reuters published an article on July 20, 2021, titled: 'In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors.' According to the article, the Company 'has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so.' The article continues, 'five 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,' and quotes the chair of the board of commissioners as stating that 'Piedmont has sort of put the proverbial cart before the horse.' According to Reuters, 'state officials added their review process could stretch for more than a year as they solicit comments from at least six other state and federal agencies,' and quoted the director of Gaston County's planning and zoning office stating that 'I'm not even going to accept an application from Piedmont for rezoning until they have their state permit in hand.' Based on this news, shares of Piedmont traded down by almost 20% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com

SOURCE: The Schall Law Firm

View source version on accesswire.com:
https://www.accesswire.com/656870/SHAREHOLDER-ACTION-ALERT-The-Schall-Law-Firm-Announces-it-is-Investigating-Claims-Against-Piedmont-Lithium-Inc-and-Encourages-Investors-with-Losses-to-Contact-the-Firm

VANCOUVER, British Columbia, July 23, 2021 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the signing of a non-binding letter of intent (“LOI”) with Australian private company ACDC Metals Pty Ltd (“ACDC”) to form a partnership to utilize Medallion’s proprietary process to extract rare earth elements from monazite (the “Medallion Monazite Process”) in southeastern Australia.

The Medallion Monazite Process is a proprietary method that enables sustainable extraction of rare earth elements (“REE”) from mineral sand monazite. Monazite is a rare earth phosphate mineral globally available as a by-product from heavy mineral sand mining operations. Medallion recently published the positive findings of a Techno-Economic Assessment (“TEA”) which provides the engineering and economic foundation for commercializing the Medallion Monazite Process. This includes seeking both operational and licencing opportunities with qualified partners in mineral sand monazite rich jurisdictions.

ACDC is securing the right to acquire three historical non JORC/NI43-101 compliant mineral sand resource properties and other exploration assets in Victoria (Australia), to potentially underpin a supply of monazite suitable for the Medallion Monazite Process. ACDC is planning to complete an Initial Public Offering (“IPO”) upon the Australian Stock Exchange (“ASX”) within 12 months.

ACDC Managing Director Mr. Andrew Shearer commented, “ACDC recognizes the potential value add available to shareholders and stakeholders by the extraction of rare earth elements from mineral sand monazite. In partnering with Medallion Resources, we believe we have accessed the right technology at the right time, allowing us to be fast to market as REE prices rise and the market expands. We are excited to play a role to improve supply security and reduce environmental impact of rare earth element production.”

“We are very pleased to have signed this LOI with ACDC so soon after completion of the TEA,” said Mark Saxon, President and CEO. “ACDC is acquiring monazite-rich mineral sand resources in the Murray Basin, one of the world’s premier mineral sand provinces. By bringing together these resources with Medallion’s processing technology we see a great synergy to produce REEs. The Medallion Monazite Process and LAD Chromatography provides the opportunity for maximum value add while minimizing environmental footprint of REE extraction and separation.”

The LOI outlines various terms and conditions that will form the basis of a binding contract (the “Binding Contract”) that will be executed by the parties, subject to mutual due diligence. The LOI provides ACDC with the exclusive right to construct a mineral sand monazite refinery in southeastern Australia utilizing the Medallion Monazite Process, and the right to sub-license the Ligand Assisted Displacement (“LAD”) Chromatography process for REE separation.

In compensation, Medallion shall receive a significant allocation of pre-IPO shares of ACDC, transferable rights to contribute funding to ACDC at seed and IPO stages, milestone payments and a royalty on successful operation of the refinery. Medallion will issue additional press releases related to the final legal and commercial structure within the Binding Contract as it becomes available. The Binding Contract is subject to regulatory approval. Investors are cautioned that the LOI is non-binding, and there is no guarantee that the parties will enter into the Binding Contract, or that the transactions contemplated in this press release will be completed.

All information contained in this news release with respect to ACDC Metals Pty Ltd was supplied by ACDC Metals Pty Ltd for inclusion in this press release, and Medallion Resources Ltd and its directors and officers do not take responsibility for such information.

About Medallion Resources

Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact(s):

Mark Saxon, President & CEO
+1.604.681.9558 or info@medallionresources.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.

Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to entering into the Binding Contract, and licensing the Medallion Monazite Process to ACDC. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required pursuant to applicable laws.

TORONTO, July 23, 2021 (GLOBE NEWSWIRE) — Further to its news release dated June 25, 2021, Churchill Resources Inc. ("Churchill" or the “Company”) (TSXV:CRI) is pleased to announce that it has entered into a definitive option agreement (the “Option Agreement”) with Altius Resources Inc. (“Altius”) to acquire a 100% undivided interest in certain mining claims comprising the Florence Lake Ni-Cu-PGE property in central Labrador near the coastal community of Hopedale and 175 km south of the Voisey’s Bay mine (the “Florence Lake Property”). The Florence Lake Property is host to several Raglan-type ultramafic volcanic-hosted massive and disseminated sulphide nickel showings, and was last explored by Falconbridge between 1990-1997 during which time approximately 6,250m of drilling in 45 shallow holes were conducted, with drill core present on the property for relogging and sampling.

Option Agreement Terms

Under the terms of the Option Agreement, the Company shall have the exclusive option for a period of 24 months to acquire an undivided 100% ownership interest in the Florence Lake Property by:

1. issuing 1,373,946 common shares in the capital of the Company (“Common Shares”) to Altius (which have been issued);

2. incurring a minimum of $1,500,000 in exploration expenditures within 24 months following the execution date of the Option Agreement;

3. completing an equity financing on a private placement basis for aggregate gross proceeds of at least $4 million (the “Private Placement”);

4. following the completion of the Private Placement, issuing to Altius 7,000,000 Common Shares or such lesser number of Common Shares such that after such issuance, Altius shall not own more than 19.9% of the Common Shares outstanding following the issuance of such Common Shares to Altius, on a partially diluted basis;

5. providing Altius with a nomination right to elect one nominee to the board of directors of Churchill until such time that Altius beneficially owns less than 9.9% of the Common Shares; and

6. providing Altius with a pre-emptive right to participate in future equity financings of Churchill to maintain its share ownership percentage interest in Churchill to a maximum of 19.9% of the issued and outstanding Common Shares until such time that Altius beneficially owns less than 9.9% of the Common Shares.

Following the date that the option is deemed to have been exercised in accordance with its terms, Churchill will issue and grant to Altius a 1.6% gross sales royalty on any minerals produced from the claims comprising the Florence Lake Property.

Florence Lake Property

The Florence Lake Project is comprised of three map-staked licenses in two blocks, with the northern Florence Lake Block comprising Licenses 027520M (50 claims) and 032167M (151 claims) totaling 5,025ha or 50.25km². The southern Seahorse Lake Block is comprised of license 032231M containing 172 claims which cover 4,300ha or 43km². These licenses require $78,139.00 in assessment work during the current year.

Unless otherwise indicated, the scientific and technical information contained in this news release has been reviewed and approved by Paul Sobie, P.Geo, who is a "qualified person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Churchill Resources

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

Further Information

For further information regarding Churchill, please contact:

Churchill Resources Inc.
Paul Sobie, Chief Executive Officer
Tel. 416.365.0930 (o)
647.988.0930 (m)

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about Churchill’s objectives, goals and exploration activities proposed to be conducted on its properties; future growth potential of Churchill, including whether any proposed exploration programs at any of its properties will be successful; exploration results; and future exploration plans and costs. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. In particular, this release contains forward-looking information relating to, among other things, the exercise of the option, the number of Common Shares that may be issued in connection with the transactions discussed herein, and the future growth potential of the Company, including whether any proposed exploration programs at any of its properties will be successful. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Such factors, among other things, include: exploration results on the Florence Lake Property; the expected benefits to Churchill relating to the exploration proposed to be conducted on its properties; receipt of all regulatory approvals in connection with the transaction contemplated herein; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Churchill’s properties, if required; fluctuations in genera macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and ongoing uncertainties relating to the COVID-19 pandemic Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Churchill cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Churchill assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Almost the first words in Rio Tinto’s 2020 annual report, published in February, were these from its chairman, Simon Thompson: “Our strong performance in many areas during 2020 was overshadowed by the destruction of two ancient rock shelters in the Juukan Gorge [in Australia].

“I reiterate our unreserved apology to the Puutu Kunti Kurrama and Pinikura people for the destruction. We are committed to learning the lessons from Juukan Gorge to ensure that the destruction of a site of such exceptional cultural significance never happens again.”

Rio has offered more than words: it has scrapped plans to mine at several culturally sensitive sites and replaced its previous chief executive, Jean-Sébastien Jacques, with Jakob Stausholm, whose “collaborative leadership style, strong values and personal commitment to the role of business in promoting sustainability made him the ideal choice to lead us”.

Rio’s board has engaged with groups that represent Australia’s indigenous people, including a visit to Juukan Gorge by Thompson in the company of indigenous elders. It has also appointed an indigenous community leader to consult with traditional owners of the lands on which it mines on the formation of an indigenous group to advise the board and senior managers.

It’s fair to say then that the FTSE 100 company’s response to the Juukan Gorge public relations disaster (which was far from its first) went beyond paying lip service to the need for change. In an era of unprecedented investor attention to environmental, social and governance issues, however, Rio could hardly have done less.

Miners need periodic access to capital, and the pool of investors inclined to hand it to them was fast dwindling anyway. Juukan Gorge will hardly have helped.

Let’s turn to the other aspect of the chairman’s statement: Rio Tinto’s “strong performance” in 2020.

It was no exaggeration. It made pre-tax profits of $15.4bn (£11.2bn) and cut its debts to a negligible $664m. The dividend was raised by 26pc to $5.57, which included a 93 cent special.

Why did it have such a good year? Thanks to the price of iron ore. Rio likes to present itself as a diversified miner but iron ore dominates its operations and its profit and loss account. In 2020 the ore generated $18.8bn in profits on the “underlying Ebitda” measure, while aluminium managed just $2.2bn and copper and diamonds between them the same figure. Energy and minerals accounted for $1.6bn.

As those profits suggest, this is a great time to be digging up iron ore. Its price rose by almost 85pc last year and the reason is not hard to find: China accounts for a huge percentage of the world’s steel production and its consumption of the alloy grew by 9pc last year.

“Iron ore is at a fantastic price for the miners – it is dream time for them,” the manager of a natural resources fund told Questor. He said it was “boom time” in Western Australia – “all the mines are flat out, there is no labour availability, labour cost inflation is horrific”.

Despite this, Rio’s shares don’t look expensive. They have risen along with the iron ore price but yield a tempting 6.9pc if we include the special dividend. The free cash flow yield is in double figures.

Why? “The iron ore price is very high but the market doesn’t think this will continue. It’s literally as simple as that,” another resources investor said. “China accounts for the vast majority of demand and the Chinese are stimulating that side of their economy. No one knows when it will end – it’s a punt.”

Put another way, Rio’s share price ultimately depends on how many roads, airports and bridges the Chinese politburo decides to build. As if this were not already hard enough to predict, those decisions in turn depend on whether the Communist Party favours pursuing economic growth by promoting exports and infrastructure spending, the traditional route, or by encouraging consumer consumption. It has swung between the two in the past and may easily do so again.

Why would you tie your investment returns to the decisions of politicians in a country on the other side of the world, especially when you have little insight into how those decisions are made? Buying shares in Rio Tinto is a gamble pure and simple. Avoid.

Questor says: avoid

Ticker: RIO

Share price at close: £59.26

Read the latest Questor column on telegraph.co.uk every Sunday, Tuesday, Wednesday, Thursday and Friday from 5am.

Read Questor’s rules of investment before you follow our tips.

BRENTWOOD, United Kingdom, July 23, 2021 (GLOBE NEWSWIRE) — RAB Capital Holdings Limited (“RAB Capital”), a private investment holding corporation owned by Mr. William Philip Richards, reports that, on July 21, 2021, it purchased 1,500,000 common shares of Black Iron Inc. (BKI:TSX) (“Black Iron”) pursuant to a short form prospectus offering, at a price of $0.40 per share for aggregate consideration of $600,000.

RAB Capital now beneficially owns and controls 38,300,000 Black Iron shares (representing approximately 12.68% of the outstanding Shares on a non-diluted and partially-diluted basis). Prior to this investment acquisition transaction RAB Capital beneficially owned 36,800,000 common shares of Black Iron representing approximately 13.5% of the outstanding Shares on a non-diluted and partially-diluted basis.

The Black Iron shares were acquired by RAB Capital for investment purposes. RAB Capital has a long-term view of the investment and may acquire additional securities of Black Iron, including on the open market or through private acquisitions, or sell securities of Black Iron, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

RAB Capital is a private company that invests in a wide range of assets based on fundamental analysis. RAB Capital currently targets investments in small companies, both listed and private, and real estate development opportunities.

A copy of the early warning report with respect to the foregoing will appear on Black Iron’s profile on SEDAR at www.sedar.com and may also be obtained by contacting RAB Capital at + 44 (0) 20 7389 7000 (PO Box 12996, Brentwood, United Kingdom CM14 9TB)

RAB Capital Holdings Limited

“Andrew Knatchbull”

Andrew Knatchbull
Finance Director
T: +44 2073897161
E: andrew.knatchbull@rabcap.com

PITTSBURGH, July 23, 2021–(BUSINESS WIRE)–United States Steel Corporation (NYSE: X) ("U. S. Steel" or "company") today announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. This is part of the ongoing execution of the company’s Best for All℠ strategy of creating profitable solutions for sustainable steelmaking.

At the company’s request, its $2 billion asset-based revolving credit facility (the "ABL") has been amended to include an increase or decrease in the margin payable based on achievement of targets related to carbon reduction, safety performance and facility certification by ResponsibleSteel™. When U. S. Steel joined the global not-for-profit organization in April, it became the first North American steelmaker to gain membership in ResponsibleSteel, which provides a process and certification framework for sustainable steel use throughout its lifecycle. In addition to the new sustainability link, the ABL has also been amended to reduce the credit line to $1.75 billion from $2 billion, which supports the company’s current footprint and is consistent with the company’s efforts to optimize its global liquidity position.

Additionally, the company’s subsidiary, Big River Steel, extended its $350 million ABL by five years to 2026 and included the same sustainability performance targets.

"These loan amendments align U. S. Steel’s financial incentives with our sustainability performance commitments," U. S. Steel President and Chief Executive Officer David B. Burritt said. "Under U. S. Steel’s Best for All strategy, sustainability and profitability are both necessary to achieving our goal of net-zero carbon emissions by 2050. That path is one where U. S. Steel’s innovation and creativity are coming together to meet the defining challenges of this era."

U. S. Steel in April announced its 2050 net-zero target, part of a transformational commitment to sustainable and profitable steelmaking. U. S. Steel expects to leverage its growing fleet of electric arc furnaces coupled with other technologies such as direct reduced iron, carbon-free energy sources, and carbon capture, sequestration, and utilization. Achieving the goal depends on public-private collaboration across industries and global stakeholders to develop breakthroughs, including access to commercially available carbon-neutral electricity sources.

J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in the U. S. Steel Sustainability-linked ABL. Goldman Sachs Bank NA and ING Capital LLC acted as Joint Sustainability Structuring Agents in the BRS Sustainability-linked ABL.

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the company’s customer-centric Best for All℠ strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005482/en/

Contacts

John O. Ambler
Vice President
Corporate Communications
T – (412) 433-2407
E – joambler@uss.com

Kevin Lewis
Vice President
Investor Relations
T – (412) 433-6935
E – klewis@uss.com

Vale S.A VALE is scheduled to report second-quarter 2021 results on Jul 28, after the market close.

Q2 Estimates

The Zacks Consensus Estimate for second-quarter total sales is pegged at $16.7 billion, indicating growth of 123% from the year-ago quarter. The consensus mark for earnings currently stands at $1.47, suggesting a whopping improvement of 568% from the prior-year quarter. The estimate has gone up 7% over the past 30 days.

Q1 Results

Vale’s first-quarter earnings and revenues were higher than the year-ago quarter and also beat the respective Zacks Consensus Estimate. This can primarily be attributed to record performance of Ferrous Minerals business, aided by higher iron ore prices. The company has surpassed earnings estimates in three of the trailing four quarters and missed once. It has a trailing four-quarter earnings surprise of 4.08%, on average.

VALE S.A. Price and EPS Surprise

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

Factors to Note

Vale recently provided second-quarter-2021 production update, which offers a sneak peek as to how the company is likely to fare in the to-be-reported quarter. Iron ore production for second-quarter 2021 was 75.7 million tons (Mt), 12% higher than the year-ago quarter. It marked an 11% sequential increase aided by higher volumes from Brucutu, improvement of weather-related conditions in Serra Norte and a strong performance in Serra Leste. Increased productivity in Itabira Complex, higher third-party purchase and wet processing production in Fábrica during the tests to resume beneficiation plant operations contributed to the improvement as well. These gains were partially offset by the interferences caused by the installation and commissioning of the first of four jaspilite crushers in S11D. The company’s pellet production was up 13% year over year to 8 Mt in the quarter. Sales volume of iron ore fines and pellets was up 22% to 74.9 Mt in the quarter under review.

Iron ore prices have been rallying in the second quarter as demand has been outstripping supply. Demand for the primary steelmaking commodity has been increasing this year on strong demand from China as steel production has been gaining steam in the country. This combined with persistent concerns over a supply shortage fueled the rally in iron ore prices. Iron generates around 80% of Vale’s revenues. Thus, higher iron production and prices are likely to have contributed to Vale’s top-line performance in the quarter to be reported.

With regard to base metals, which collectively contribute around 16% to the company’s revenues, production of nickel declined 14% year over year owing to labor disruption at Sudbury and unscheduled maintenance in Clydach Nickel Refinery. Copper production was down 13% year over year to 73.5 kt due to labor disruption in Sudbury and delays in mining at Voisey’s Bay, partially mitigated by a more robust performance in Salobo on account of the ramp-up of mine maintenance activities and better performance at Sossego operations. Cobalt was up 34.2%, while coal production improved 63% from the prior-year quarter. Meanwhile, production of manganese ore came in 24.2%, lower than the prior-year quarter due to adjustments in the mining plan to ensure the safety and sustainability of underground operations at the Urucum mine. Gold production was down 15.8% year over year. Higher year-over-year metal prices might have somewhat negated the impact of lower production for most of these metals.

Vale has been focusing on maintaining its ‘”value over volume” approach for the iron ore business. The company remains committed to delivering the highest possible margins by managing extensive supply chain and flexible product portfolio. It has been focusing on controlling costs. These efforts might have favored the second-quarter performance.

What the Zacks Model Unveils

Our proven model does not conclusively predict an earnings beat for Vale this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: The Earnings ESP for Vale is 0.00%.

Zacks Rank: The company currently carries a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Price Performance

In a year’s time, shares of Vale have gained 34.3%, compared with the industry’s rally of 95.4%.

Image Source: Zacks Investment Research

Stocks to Consider

Here are some Basic Materials stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases.

Westlake Chemical Corporation WLK has an Earnings ESP of +6.05% and a Zacks Rank #1, currently.

LyondellBasell Industries N.V. LYB has an Earnings ESP of +9.93% and a Zacks Rank of 1, currently.

Celanese Corporation CE has a Zacks Rank #2 and an Earnings ESP of +7.01%, at present.

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

Westlake Chemical Corporation (WLK) : Free Stock Analysis Report

Celanese Corporation (CE) : Free Stock Analysis Report

LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more than 100%. Long term Mesabi Trust (NYSE:MSB) shareholders would be well aware of this, since the stock is up 225% in five years. It's down 4.5% in the last seven days.

See our latest analysis for Mesabi Trust

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Over half a decade, Mesabi Trust managed to grow its earnings per share at 33% a year. The EPS growth is more impressive than the yearly share price gain of 27% over the same period. So one could conclude that the broader market has become more cautious towards the stock.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Mesabi Trust the TSR over the last 5 years was 407%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

It's good to see that Mesabi Trust has rewarded shareholders with a total shareholder return of 128% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 38% 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. It's always interesting to track share price performance over the longer term. But to understand Mesabi Trust better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Mesabi Trust 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 US 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.

• REE U.S. HQ to capitalize on growing market demand for EVs in North America

• REE Austin is expected to generate more than 150 jobs in the region in the next few years

• Expected annual capacity of U.S. Integration Center to be 40,000 modular EV platforms by H2 2022

TEL-AVIV, Israel, July 23, 2021—(BUSINESS WIRE)—REE Automotive Ltd. [NASDAQ: "REE"], a leader in e-Mobility, today announced that it will open its U.S. headquarters in Austin, Texas to address the growing U.S. market demand for mission-specific EVs from delivery and logistics companies, Mobility-as-a-Service and new technology players. In addition, Austin will be the location of REE’s first asset-light Integration Center for the assembly and testing of its disruptive REEcorner™ technology and ultra-modular EV platforms. The new Integration Center will offer REE’s technology to its existing and future automotive partners in North America, enabling them to build modular EVs "Powered by REE". REE is exploring several collaborations with a number of Koch Industries, Inc. companies, to support and accelerate the establishment of REE’s integration center in Austin. Koch Strategic Platforms, LLC, a subsidiary of Koch Industries, is an investor in REE as well. The REE Austin facility is expected to create approximately 150 jobs in upcoming years.

"Establishing our U.S. headquarters in Austin, Texas best positions us for growth and rapid expansion," said Daniel Barel, REE’s Co-Founder and CEO. "Austin is fast becoming a worldwide home for elite technology professionals. REE needs to continue growing and thriving, and Austin’s dynamism and entrepreneurial spirit definitely fit REE’s culture and values. Our U.S. presence will allow us to capitalize on the incredible opportunities in the U.S. market and put us closer to our North American-based customers and partners, including Magna International and JB Poindexter, as we work together to develop and deliver modular EVs (MEVs™)."

REEcorner™ technology integrates critical vehicle components, including steering, braking, suspension, powertrain and control, into a single compact module between the chassis and the wheel, using x-by-wire technology for steering, driving and braking. This innovation has enabled REE to develop a modular, fully-flat skateboard chassis with more room for passengers, cargo and batteries that will be highly adaptable to customers. EV platforms using REEcorners™ are agnostic to vehicle size and design, power-source and driving mode, enabling REE to target a $700 billion total addressable market, and help OEMs, delivery fleets, Mobility-as-a-Service providers and new mobility players get to market faster at a fraction of the cost.

REE intends to tap into a global network of Tier 1 partners’ manufacturing capacity, with full point-of-sale component assembly and testing set to take place in REE’s Integration Centers. REE expects this manufacturing process to significantly reduce capital expenditures and increase REE’s global presence and market share. REE’s CapEx-light manufacturing approach and Integration Centers are designed to enable the company to remain a comparatively asset-light enterprise, helping to increase operating margins and ROI and reduce the carbon footprint of its operations.

Michael Charlton, REE’s COO, commented, "REE’s Integration Centers will be designed to be fully modular and scalable to ensure the Company achieves projected production volumes. The state-of-the-art centers will utilize automation, including Automated Guided Vehicles (AGVs), for the optimal movement of assemblies, with the goal of increasing automation levels to Industry 4.0 Technology and beyond."

About REE

REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.

For more information visit: www.ree.auto

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE’s final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005215/en/

Contacts

Media Keren ShemeshChief Marketing Officer | REE Automotive+972-54-5814333media@ree.auto Investor Relations Limor GruberVP Investor Relations | REE Automotive+972-50-5239233investors@ree.auto

TORONTO (Reuters) – Canadian union Unifor said on Wednesday miner Rio Tinto has been served with a 72-hour strike notice after nearly seven weeks of unproductive negotiations over proposed changes to workers' retirement income and benefit levels.

The union said it is seeking better retirement security for younger workers by moving newer employees from the company's Defined Contribution plan to a Defined Benefit plan.

"Rio Tinto is committed to working with the union to reach a mutually beneficial outcome to the ongoing bargaining process," a Rio spokesperson told Reuters.

Negotiations are also focused on a backlog of more than 300 grievances and the company's refusal to hire full-time workers leading to an overreliance on temporary employees, Unifor said.

Unifor says it represents about 900 workers at the company's aluminum smelting plant in Kitimat and power generating facility in Kemano.

(Reporting by Sabahatjahan Contractor in Bengaluru and Jeff Lewis in Toronto; Editing by Subhranshu Sahu)

(Adds Rio Tinto comment)

TORONTO, July 21 (Reuters) – Canadian union Unifor said on Wednesday miner Rio Tinto has been served with a 72-hour strike notice after nearly seven weeks of unproductive negotiations over proposed changes to workers' retirement income and benefit levels.

The union said it is seeking better retirement security for younger workers by moving newer employees from the company's Defined Contribution plan to a Defined Benefit plan.

"Rio Tinto is committed to working with the union to reach a mutually beneficial outcome to the ongoing bargaining process," a Rio spokesperson told Reuters.

Negotiations are also focused on a backlog of more than 300 grievances and the company's refusal to hire full-time workers leading to an overreliance on temporary employees, Unifor said.

Unifor says it represents about 900 workers at the company's aluminum smelting plant in Kitimat and power generating facility in Kemano. (Reporting by Sabahatjahan Contractor in Bengaluru and Jeff Lewis in Toronto; Editing by Subhranshu Sahu)

Company Executives share vision and answer questions live at VirtualInvestorConferences.com

NEW YORK, July 22, 2021 /CNW/ – Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Green Energy and Precious Metals Investor Conference on July 27^th, 28^th & 29^th. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of green energy and precious companies discuss their property positions, development schedules, market opportunity, and investment highlights.

July 27th agenda focuses on companies representing exploration, development and production of various metals and minerals that are crucial elements of the power supply chain for the emerging "Green Power" infrastructure. Presenting companies include Uranium, Cobalt, Graphite, Lithium, Manganese, Nickel and Rare Earth entities.

July 28th and 29th agenda includes a roster of Base and Precious Metals companies including Gold, Silver, Copper and Zinc entities. The program opens at 8:45 AM ET, with the first webcast at 9:00 AM ET on Tuesday, July 27^th.

REGISTER NOW AT: https://bit.ly/3yWGWaE

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.

"OTC Markets is excited to host the three-day Green Energy and Precious Metals Investor Conference co-sponsored by Murdock Capital and TAA Advisory," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We are proud to feature an expansive roster of companies spearheading exploration, development and production in this sector. We welcome the contributions of our keynote speakers Byron King, Editor, Agora Financial-St. Paul Research and Raymond McCormick, Managing Director, Capstone Partners."

July 27^th Agenda:

July 28^th Agenda

July 29^th Agenda:

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit
www.virtualinvestorconferences.com.

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

SOURCE VirtualInvestorConferences.com

View original content: http://www.newswire.ca/en/releases/archive/July2021/22/c0213.html

By Dhirendra Tripathi

Investing.com – BHP (NYSE:BHP) and Tesla (NASDAQ:TSLA) stocks were among the gainers in Thursday’s premarket trading following an agreement under which the miner will supply nickel to the electric vehicle maker.

BHP was up 1% and Tesla 0.4%.

Nickel is one of the key metals used to make batteries that run electric vehicles.

BHP will supply Tesla with nickel from its Nickel West asset in Western Australia that it claims is one of the most sustainable and lowest carbon emission nickel producers in the world.

The agreement is much broader than a mere supply agreement. The two companies will collaborate to make the entire battery supply chain more sustainable including working on storage solutions along with looking for more ways to deploy renewable energy, according to a joint statement.

According to BHP Chief Commercial Officer, Vandita Pant, demand for nickel in batteries is estimated to grow by over 500% over the next 10 years, in large part to support the world’s rising demand for electric vehicles.

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NEW YORK, July 22, 2021–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Piedmont Lithium Inc. ("Piedmont Lithium" or the "Company") (NASDAQ: PLL) on behalf of Piedmont Lithium stockholders. Our investigation concerns whether Piedmont Lithium has violated the federal securities laws and/or engaged in other unlawful business practices.

Click here to participate in the action.

The investigation focuses on Piedmont Lithium’s public disclosures concerning its plan to build a large lithium mine in Gaston County, North Carolina.

In past years, Piedmont Lithium has repeatedly assured investors it would be imminently applying for permits and zoning variances to build the mine. The Company further assured investors it was "not aware" of any reason why Gaston County would not approve zoning changes.

Recently, in late September 2020, Piedmont Lithium announced it signed a deal to supply lithium ore sourced from its deposits in North Carolina to electric auto maker Tesla, reportedly conditional upon both companies to start deliveries between July 2022 and July 2023. This news sent the price of the company’s American Depositary Shares up over 200% on Sept. 28, 2020.

However, Piedmont Lithium's ability to perform on the Tesla deal came into question on July 20, 2021, when Reuters reported that Piedmont Lithium had not even applied for the necessary mining permit or zoning variances. According to the article, five of the seven members of the Gaston County’s board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected.

On this news, the Company’s stock price fell $12.56, or nearly 20%, to close at $50.52 per share on July 20, 2021.

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

About Bragar Eagel & Squire, P.C.:

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005981/en/

Contacts

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

LONDON, July 22, 2021–(BUSINESS WIRE)–Rio Tinto has approved a $108 million investment in underground development to enable early orebody access and undertake orebody characterisation studies for underground mining at the Kennecott copper operations in the United States.

The investment builds on $25 million approved in early-2020 to complete a pre-feasibility study to determine the viability of underground mining operations at Kennecott. Potential underground mining would occur concurrently with open pit operations and result in increased copper output.

Kennecott holds the potential for a significant and attractive underground development, with declared Mineral Resources of 20 Mt at 3.65% copper and 1.62 g/t gold¹ with further upside potential based on drilling.

The feasibility study work will focus on gathering critical geological, geotechnical and hydrogeological data to inform Rio Tinto’s assessment of underground development options and is expected to be completed in 2024. Existing infrastructure from previous underground projects will be extended to access the North Rim Skarn orebody, allowing for the development of crosscuts and further drilling of the resource. The project includes approximately 15,000 feet (4,500 metres) of lateral development, 1,000 feet (300 metres) of vertical development and associated support infrastructure.

The project will also include the trial of underground battery electric vehicles to reduce carbon emissions at Kennecott and across Rio Tinto’s global operations. Sandvik Mining and Rock Solutions will supply a battery electric haul truck and loader to evaluate performance and suitability for future underground mining fleets.

Pre-feasibility studies are also being progressed to extend open pit mining at Kennecott beyond 2032, with a further push back of the North Wall to allow access to Mineral Resources. This follows a $1.5 billion investment in the second phase of the South Wall Pushback project, approved in 2019, to allow open cut mining to continue between 2026 and 2032.

Rio Tinto Copper Chief Executive Bold Baatar said: "Kennecott holds a range of options to extend our supply of copper and other critical materials, to meet the strong demand being driven by electric vehicles and renewable power technologies.

"The operation is uniquely positioned to supply these emerging markets, with one of only two operating smelters in the United States that also processes concentrates from third parties, a long history delivering high quality products and significant resources that are yet to be developed."

¹ This underground Mineral Resource estimate (North Rim Skarn) was included in Rio Tinto’s 2020 Annual Report released to the ASX on 22 February 2021 which is available at https://www.riotinto.com/invest/reports/annual-report. The Competent Person responsible for this Mineral Resource estimate was Ryan Hayes (AusIMM). Rio Tinto is not aware of any new information or data that materially affects this Mineral Resource estimate and confirms that all material assumptions and technical parameters underpinning this Mineral Resource estimate continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified from the 2020 Annual Report.

Notes to Editors

Kennecott operates an advanced copper and precious metals smelter, processing concentrate from Kennecott and third parties.

In addition to copper, Kennecott is one of the largest producers of gold, silver, and molybdenum in North America. Construction is underway on a plant to recover tellurium, a critical mineral used in solar panels, from copper refining at Kennecott. Rio Tinto is working with experts from the US Department of Energy’s Critical Materials Institute (CMI) on ways to extract further critical minerals from the existing refining and smelting processes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210722005163/en/

Contacts

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

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

David Outhwaite
M +44 7787 597 493

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

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

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

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

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

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

Amar Jambaa
M +61 472 865 948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: Kennecott