VANCOUVER, BC, Oct. 18, 2021 /CNW/ – Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSX-V: RCK) (Frankfurt: RJIB) (OTCQX: RCKTF) is pleased to announce completion of a pilot test program and prototype production of battery grade lithium hydroxide monohydrate greater than 99.5% purity, in compliance with end-user electric vehicle lithium-ion battery production specifications.

Rock Tech has been developing and optimizing a commercially proven process technology to produce battery grade lithium hydroxide monohydrate (BG-LHM) from various spodumene concentrates. The process technology was developed to optimize conversion and purification of lithium from concentrates produced at several mining operations in Australia and North America.

The process technology was pilot tested at Anzaplan of Germany to demonstrate product quality using the process design developed for Rock Tech by Wave International of Australia. Several test programs are in progress at various equipment vendor test facilities to finalize the design and process equipment selection for commercial scale solution purification and crystallization circuits.

Through consultation with tier 1 end users, the Company planned and delivered a high-end product specification which exceeds the requirements of GB/T 26008-2020 D1, a Chinese technical standard commonly considered as the benchmark for BG-LHM. The Company has targeted such a specification in order to attract tier 1 customers, and de-risk the future marketability of the Company's product as customers continue to demand higher specification cathode materials over time.

"We are pleased with the initial test results from our batchwise pilot program in Germany," said Don Stevens, Rock Tech's Chief Technology Officer. "The results demonstrate the functionality of our process flowsheet to produce high quality, battery grade lithium hydroxide and are key inputs into the design of our first planned commercial scale lithium hydroxide converter."

The Company has received a sample of BG-LHM as a product from the Anzaplan pilot test program and has begun shipping samples to potential customers (end-users) for product quality testing as offtake discussions progress.

"Discussions with potential LHM customers are intensifying," said Dirk Harbecke, Rock Tech's Chairman and Chief Executive Officer. "Understanding the performance of spodumene feedstock in our flowsheet and meeting potential customer product specifications are key milestones for us as we aim to build Europe's first lithium hydroxide converter."

About ANZAPLAN
The Dorfner group of companies is a leading European industrial and specialty minerals producer with more than a century of experience in industrial and specialty minerals processing, delivering high quality materials, purified products and refined additives to a wide range of industries including the chemical, pharmaceutical, electronics, ceramics and glass industry.

About Wave International
Wave International (Wave) are a leading consultancy specializing in the battery and technical metals sectors, with specific expertise in the lithium ion battery supply chain. Wave have over 18 years experience in lithium processing, including upstream mineral concentrates and downstream lithium chemical manufacturing. Wave are headquartered in Australia, with offices in the Netherlands, Mongolia and South Africa.

About Rock Tech Lithium Inc.
Rock Tech is a cleantech company powering the electric mobility revolution. The Company aims to serve the automotive industry with high-quality lithium hydroxide. Rock Tech's goal is to zero out emissions – one lithium battery at a time by becoming the first closed-loop lithium company, using and reusing lithium for a cleaner future.

On behalf of the Board of Directors,

"Dirk Harbecke"
Dirk Harbecke
Chairman & Chief Executive Officer

Cautionary Note Concerning Forward-Looking Information
The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this news release.

Certain information set forth in this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this news release, including those regarding Rock Tech's opinions, beliefs and expectations, business strategy, development and exploration opportunities and projects, mineral resource estimates, drilling and modeling plans, and plans and objectives of management for operations and properties constitute forward-looking information. Generally, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. All forward-looking information set forth in this news release are expressly qualified in their entirety by the cautionary statements referred to in this section.

Forward-looking information is based on certain estimates, expectations, analysis and opinions that are believed by management of Rock Tech to be reasonable at the time they were made or in certain cases, on third party expert opinions. It should be noted that, in order to achieve its objectives, Rock Tech will be required to raise additional funding and the availability of financing on satisfactory terms is not guaranteed. This forward-looking information was derived utilizing numerous assumptions regarding, among other things, the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products, expected growth, performance and business operation, prospects and opportunities, general business and economic conditions, results of development and exploration, Rock Tech's ability to procure supplies and other equipment necessary for its business, including development and exploration activities. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of future performance or results.

In addition, forward-looking information involves known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause Rock Tech's actual events, results, performance and/or achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or achievements to vary materially include the risk that Rock Tech will not be able to meet its financial obligations as they fall due, changes in commodity prices, Rock Tech's ability to retain and attract skilled staff and to secure feedstock from third party suppliers, unanticipated events and other difficulties related to construction, development and operation of converters and mines, the cost of compliance with current and future environmental and other laws and regulations, title defects, competition from existing and new competitors, changes in currency exchange rates and market prices of Rock Tech's securities, Rock Tech's history of losses, impacts of climate change and other risks and uncertainties discussed under the heading "Financial Instruments and Other Risks" in Rock Tech's most recently filed Management Discussion and Analysis, a copy of which is filed electronically through SEDAR and is available online at www.sedar.com. Such risks and uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to vary materially from the forward-looking information.

We cannot assure you that actual events, results, performance and/or achievements will be consistent with the forward-looking information and management's assumptions may prove to be incorrect. Our forward-looking information reflects Rock Tech management's views as at the date the information is created. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based.

The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this news release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-announces-results-from-lithium-hydroxide-pilot-plant-in-germany–high-quality-battery-grade-lithium-hydroxide-produced-301402278.html

SOURCE Rock Tech Lithium Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/18/c8599.html

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

NEW YORK, Oct. 18, 2021 /CNW/ – Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Uranium, Strategic and Precious Metals Investor Conference on October 19^th, 20^th, 21^st. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals and mining companies discuss their property positions, development schedules, market opportunity, and investment highlights.

REGISTER NOW AT: https://bit.ly/3mTfIO2

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 Uranium, Strategic and Precious Metals Investor Conference," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We appreciate the collaboration with our co-sponsor, Viriathus, and look forward to hearing from today's industry leaders."

October 19^th Agenda – Uranium:

October 20th Agenda – Strategic and Precious Metals:

October 21^st Agenda – Strategic and Precious Metals:

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/October2021/18/c1311.html

Southern Copper (SCCO) shares soared 5.1% in the last trading session to close at $66.21. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.5% gain over the past four weeks.

Southern Copper’s share price has gained on the back of higher copper prices. Copper prices continue to rally on growing concerns that the global energy crunch and high energy prices would hit production.

This miner is expected to post quarterly earnings of $1.13 per share in its upcoming report, which represents a year-over-year change of +73.9%. Revenues are expected to be $2.7 billion, up 27% from the year-ago quarter.

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

For Southern Copper, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SCCO going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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(Bloomberg) — Canadian miner Noront Resources Ltd. agreed to be acquired by Andrew Forrest’s Wyloo Metals Pty Ltd. in a deal that tops a rival offer from BHP Group.

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Noront agreed to Wyloo’s “superior” offer of C$0.70 a share, which represents a 27% premium to BHP’s friendly offer of C$0.55 from July, the Toronto-based company said Monday in a statement. BHP has been given five business days to match the offer from the firm controlled by Forrest, an Australian mining magnate.

Shares of Noront fell 6.2% to C$0.76 at 9:55 a.m. in trading in Toronto.

Wyloo and BHP have been in a bidding war to gain access to Noront’s high-grade Canadian nickel deposits in a largely untapped region of northern Ontario dubbed the Ring of Fire. Mining heavyweights are racing to control more supplies of raw materials that are key to transitioning to low-carbon energy sources. Nickel is one of the key metals used in lithium-ion batteries for electric vehicles.

Wyloo already owned about 24% of Noront’s stock and took further steps last month to lift its stake to 37.3% by swapping convertible debt into common shares. Wyloo said in August that its unsolicited proposal was more likely to succeed because it owns a chunk of Noront shares and doesn’t intend to support BHP’s offer. The deal values Noront at about C$321 million ($259 million), based on approximately 458.5 million shares outstanding as of July 31.

Noront’s main asset is the Eagle’s Nest deposit in Ontario, whose mineral wealth includes nickel, copper, chromite and zinc.

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VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) with Black Shield Metals Corp. (CSE: BDX) (“Black Shield”) which provides Black Shield an earn-in option to acquire up to a 75% interest (the “Option”) in the Mann Lake Uranium Project (“Mann Lake” or the “Property”) located in the Athabasca Basin, Northern Saskatchewan, Canada.

Mann Lake Project Location Map:
https://skyharbourltd.com/_resources/SYH_Mann_Lake_Tenure.jpg

Under the Option Agreement, Black Shield will contribute cash and exploration expenditure consideration totaling CAD $4,850,000 over a three-year period (“Project Consideration”). Of the Project Consideration, $850,000 will be in cash payments to Skyharbour and $4,000,000 will be in exploration expenditures on the project. Black Shield will also issue to Skyharbour the equivalent value of CAD $1,750,000 in shares of the company over the three-year earn-in period to complete the earn-in.

Skyharbour’s President and CEO, Jordan Trimble commented: “We are excited to have this Option Agreement signed as we continue to execute on our business model by adding value to our project base in the Athabasca Basin through strategic partnerships and prospect generation, as well as focused mineral exploration at our flagship Moore Uranium Project. We are looking forward to working with Black Shield and its management team as they advance the Mann Lake Project over the coming years. News will be forthcoming on exploration plans as we continue to see an upward momentum in the uranium market.”

Mann Lake Uranium Project Summary:

Skyharbour owns a 100% interest in the 3,473 hectare (8,582 acre) Mann Lake Uranium Project located in the eastern Athabasca Basin in northern Saskatchewan. It is strategically located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast of Cameco's Millennium uranium deposit. The Mann Lake project is also adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and Orano (17.5%).Denison Mines acquired International Enexco and its 30% interest in the project after a 2014 winter drill program discovered high-grade, basement-hosted uranium mineralization at this adjacent project.

Skyharbour carried out a ground-based EM survey in 2014 focused on an area where a 2 km long aeromagnetic low coincided with basement conductors interpreted from earlier EM surveys. This program successfully confirmed the presence of a broad, NE-SW trending corridor of conductive basement rocks which are likely graphitic metapelites.

Mann Lake Project Geological Compilation Map:
https://skyharbourltd.com/_resources/SYH_Mann_Lake_Compilation.jpg

The Mann Lake Uranium Project has seen over $3 million of previous exploration expenditures consisting of geophysical surveys and two diamond drill programs totaling 5,400 metres carried out by Triex in 2006 and 2008. The geophysical surveys identified graphitic basement conductors and structural corridors containing reactivated basement faults. These features trend onto the adjacent ground operated by Cameco. The 2006 diamond drill program intersected a 4.5 metre wide zone containing anomalous boron (with highlight values of up to 1,758 ppm B) in the sandstone immediately above the unconformity in drillhole MN06-005. Boron enrichment is common at the McArthur River uranium mine, and along with illite and chlorite alteration, is a key pathfinder element for uranium deposits in the Athabasca Basin. In the same drill hole, altered basement gneissic rocks with abundant clay, chlorite, hematite and calc-silicate minerals were intersected about 7.6 metres below the unconformity and contained anomalous uranium, including up to 73.6 ppm over a 1.5 metre interval. Background uranium values are commonly between 1 and 5 ppm.

Terms of the Option Agreement:

Under the terms of the Option Agreement, the Black Shield Metals Corp. is committed to the following:

1. paying to Skyharbour a total of CAD $850,000 cash and issuing Skyharbour the total number of common shares (“Shares”) of Black Shield equivalent to a value of CAD $1,750,000 based on the 20 day VWAP at the time of issuance, as follows:

   1. within five days of the signing of the Option Agreement, pay $100,000 and issue Shares equivalent to $250,000 at the 20 day VWAP at the time of issuance;

   2. on the first anniversary of the signing of the Option Agreement, pay $250,000 and issue Shares equivalent to $500,000 at the 20 day VWAP at the time of issuance;

   3. on the second anniversary of the signing of the Option Agreement, pay $250,000 and issue Shares equivalent to $500,000 at the 20 day VWAP at the time of issuance;

   4. on the third anniversary of the signing of the Option Agreement, pay $250,000 and issue Shares equivalent to $500,000 at the 20 day VWAP at the time of issuance;

2. incur a minimum of $4,000,000 in exploration expenditures on the Property as follows:

   1. $1,000,000 in exploration expenditures on or before the first anniversary of the signing of the Option Agreement;

   2. an additional $1,000,000 in exploration expenditures on or before the second anniversary of the signing of the Option Agreement; and

   3. an additional $2,000,000 in exploration expenditures on or before the third anniversary of the signing of the Option Agreement.

In the event that Black Shield spends, in any of the above periods, less than the specified sum, it may pay to the Optionor the difference between the amount it actually spent and the specified sum before the expiry of that period in full satisfaction of the exploration expenditures to be incurred. In the event that Black Shield spends, in any period, more than the specified sum, the excess shall be carried forward and applied to the exploration expenditures to be incurred in succeeding periods.

Immediately on Black Shield satisfying all of the conditions, Black Shield will be deemed to have exercised the Option and to have earned a 75% interest in and to the Property which will vest to Black Shield subject to the net smelter returns royalty (“NSR Royalty”). A NSR Royalty of two and a half percent (2.5%) is payable to a third party of net smelter returns from minerals mined and removed from the Property (payable pro-rata based on ownership interest in the Property).

The issuance of the Black Shield shares is subject to approval by the board of directors of Black Shield and the Canadian Securities Exchange. All securities issued pursuant to this offering will be subject to a four-month plus one-day hold period from the issuance date. Black Shield may pay finder's fees and/or commissions to eligible persons in connection with the Option in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head Technical Advisor and a Director, as well as a Qualified Person.

About Black Shield Metals Corp.

Black Shield Metals Corp. is a Canadian junior exploration company focused on diversified mineral resources. Black Shield is proposing to change its name to Basin Uranium Corp. and its trading symbol, and will provide additional updates when approval has been received.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects covering over 250,000 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U₃O₈ over 5.9 metres including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265 metres. The Company is actively advancing the project through drill programs.

Skyharbour has a joint-venture with industry-leader Orano Canada Inc. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project. Skyharbour also has a joint-venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.

The Company also owns a 100% interest in the South Falcon Point Uranium Project on the eastern perimeter of the Basin, which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U₃O₈ at 0.03% and 5.3 million pounds of ThO₂ at 0.023%. Skyharbour has signed a Definitive Agreement with ASX-listed Valor Resources on the Hook Lake (previously North Falcon Point) Uranium Project whereby Valor can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance.

Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/maps/SYH-Athabasca-Map.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

“Jordan Trimble”
_________________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Riley Trimble
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Peninsula Energy invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

PERTH, Australia, Oct. 18, 2021 /PRNewswire/ — Peninsula Energy Ltd. (ASX:PEN; OTCQB:PENMF), based in Perth, Western Australia announced that Wayne Heili, Managing Director and CEO will present live at VirtualInvestorConferences.com on October 19^th, 2021.

Peninsula owns 100% of its Flagship Lance Uranium ISR Project located in Wyoming USA. The Company has experienced a very successful 12 months highlighted by excellent progression of its critical MU1A Low pH ISR Field Demonstration at Lance.

DATE: Tuesday October 19, 2021
TIME: 13:30 US Eastern Time
LINK: https://bit.ly/3iUhKfJ

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

• Flagship Lance Project one of the largest US-based uranium projects

• A well-defined pathway to restart commercial operations

• Successfully advancing transition to low pH ISR process through MU1A Field Demonstration

• Demonstration has been operating successfully for over 12 months and delivering meaningful and valuable results

• Demonstration expected to be completed in 1H2022, with a Final Investment Decision to follow

• CY2022 uranium sales of 450,000 pounds for net cash margin of US$8 million to US$9 million

• Strong balance sheet with cash and uranium inventory holdings

Peninsula Energy

Uranium extraction for a green energy future.

Peninsula Energy Limited is an ASX listed listed company also trading on the OTCQB. Peninsula owns the Lance Uranium Projects in Wyoming, USA which are in transition from an alkaline to a low pH in-situ recovery operation, with the primary aim of achieving the operating performance and cost profile of industry leading uranium projects.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/peninsula-energy-to-webcast-live-at-virtualinvestorconferencescom-october-19th-2021-301402022.html

SOURCE VirtualInvestorConferences.com

• Exercises Option on the Moran Lake Uranium and Vanadium Project

• Labrador Uranium Enters Agreement with Altius Minerals to Acquire Land Position in the Central Mineral Belt

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company” or “Consolidated Uranium”) (TSXV: CUR) (OTCQB: CURUF) is pleased to announce the creation and planned spin-out of Labrador Uranium Inc. (“Labrador Uranium” or “LUR”), currently a majority-controlled subsidiary of CUR focused on the consolidation, exploration and development of uranium projects in Labrador. In connection with the proposed spin-out of LUR, the Company has provided notice to exercise its option pursuant to the option agreement announced on November 18, 2020 (the “Option Agreement”) to acquire 100% of the Moran Lake project (the “Moran Lake Project”).

To effect the spin-out, the Company has entered into an arrangement agreement with LUR (the “Arrangement Agreement”), pursuant to which among other things the Company will transfer ownership of Moran Lake Project to LUR in exchange for common shares of LUR (“LUR Shares”) which the Company intends to distribute to its shareholders on a pro rata basis (the “Arrangement”). The Company also intends to apply to list the LUR Shares (the “Listing”) on the Canadian Securities Exchange (the “CSE”). The Listing will be subject to LUR fulfilling all of the requirements of the CSE.

In addition, the Company and Labrador Uranium have entered into a purchase agreement (the “Altius Agreement”) with Altius Resources Inc., a wholly-owned subsidiary or Altius Minerals Corporation (“Altius”), pursuant to which LUR has agreed to acquire from Altius a 100% interest in the Central Mineral Belt Uranium-Copper Project (the “CMB Project”) and the Notakwanon project (the “Notakwanon Project” together, the “Altius Projects”), both located in Labrador (the “Altius Transaction”).

Transaction Highlights:

• Labrador Uranium Formed as New Entrant into Resurgent Uranium Market – Purpose built to explore for and develop uranium in Labrador, it is anticipated to hold a dominant land position in the Central Mineral Belt of Labrador (the “CMB”), a well-known uranium and multi-commodity metal district.

• Moran Lake Expected to Form Cornerstone Project – Located on the western side of the CMB, the Moran Lake Project hosts historical uranium and vanadium mineral resources. LUR intends to focus on confirming and potentially expanding the known historic mineral resources as well as exploring the property more generally. See “Technical Disclosure and Qualified Person” below.

• Agreement with Altius Expected to Secure Large Land Position – The ~125,000 hectare CMB Project is located adjacent to the Moran Lake Project to the east, west and south and spans to Paladin Energy’s Michelin Project in the east. In addition, the Notakwanon Project, located in Northern Labrador, is drill ready with previous evidence of high-grade uranium on surface.

• Proposed Spin-Out of Labrador Uranium is an Attempt to Unlock Value for CUR Shareholders – LUR is being spun out as a stand-alone, CSE-listed uranium exploration and development company, with CUR shareholders receiving their pro-rata portion of the LUR Shares issued to the Company.

• Experienced Team in Place – Under the leadership of Stephen Keith as Chief Executive Officer and Philip Williams as Chairman, the LUR management team and anticipated board of directors has decades of experience in exploration, development, and finance, with a significant focus on uranium.

• Summer 2021 Work Programs Completed Setting Up For Active 2022 – Work programs completed this summer at the Moran Lake Project and the CMB Project included: collecting and analysing data from decades of historical exploration work on the CMB Project by previous owners and government programs and field work to verify the >140 targets generated by this data collection and analysis. Results pending from this work are expected to be used in designing an aggressive field exploration program for 2022.

Philip Williams, President and CEO of CUR, commented “We are pleased to be announcing the partnership with Altius in the formation of Labrador Uranium. We believe that the Central Mineral Belt is an important uranium camp in Canada, which has tremendous exploration potential for uranium and other metals. As CUR focuses on near-term production in the United States, we determined that repositioning the Moran Lake Project as a part of a larger, Labrador-focused exploration portfolio would be the best way to unlock value for our shareholders. We liken this transaction to the original IPO of Aurora Energy in 2006 whose main asset was the Michelin Project. That company garnered a peak market cap of over $1.3b in 2007 and was ultimately taken over by Paladin Energy in 2011.”

Stephen Keith, CEO of LUR commented “I am looking forward to working with such an experienced team on this exciting new uranium exploration vehicle. LUR is expected to have all the underpinnings of a dynamic and successful new player in the resurgent uranium sector; a dominant land position in a prolific camp, historic mineral resources, backing by key uranium and mining industry players in CUR and Altius, and a strong team in place with significant uranium exploration, development and finance experience. Exploration success is driven by strong teams and quality assets. Combining the excellent work completed by, and historical successes of, these companies give me great confidence in the future of Labrador Uranium. I plan on hitting the ground running with the benefit of recently completed work programs on the projects. These programs have already generated over 140 targets setting the stage for an aggressive 2022 exploration season”.

Moran Lake Option Exercise

On October 17, 2021, CUR provided notice to the vendor of the Moran Lake Project that it has exercised the option to acquire the Moran Lake Project, for total consideration of $1,000,000 with $500,000 to be satisfied through the issuance of 191,570 common shares of CUR (“CUR Shares”), at a deemed price of $2.61 per CUR Share based on the five-day volume weighted average price of the CUR Shares up to October 15, 2021 and $500,000 in cash. In addition, the vendor will be entitled to receive certain future payments contingent upon the attainment of certain milestones tied to the spot price of uranium, as further described in the Company’s press release dated November 18, 2020.

In accordance with the terms of the Option Agreement, the vendor will be granted a 1.5% net smelter returns royalty (the “Moran Lake Royalty”) from the sale of the mineral products extracted or derived from the Moran Lake Project by CUR, which will be transferred to LUR in connection with the Arrangement. CUR shall have the right and option to purchase 0.5% of the Moran Lake Royalty for a price equal to $500,000, which CUR intends to retain following the transfer of the Moran Lake Project to LUR pursuant to the Arrangement.

All CUR securities issued in connection with the Option Agreement are subject to final approval of the TSX Venture Exchange (the “TSXV”) and will be subject to a hold period expiring four months and one day from the applicable date of issuance.

The Arrangement Agreement

Pursuant to the Arrangement Agreement, among other things, CUR has agreed to transfer the Moran Lake Project to LUR in exchange for 16,000,000 LUR Shares. Under the terms of the Arrangement, the CUR shareholders will receive the LUR Shares on a pro-rata basis based on the number of CUR Shares held at the effective date of the Arrangement. There will be no change in CUR shareholders' proportionate ownership in CUR as a result of the Arrangement. In addition, holders of options and warrants of CUR as of the effective date of the Arrangement will have such securities adjusted in accordance with their terms as a result of the Arrangement.

The Arrangement will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario). The Arrangement will be subject to regulatory approval, including the approval of the TSXV, court approval, conditional approval from the CSE for the Listing, as well as approval by not less than two-thirds of the votes cast at the special meeting (the “Meeting”) of the CUR shareholders, anticipated to be held in the first quarter of 2022. Full details of the Arrangement will be included in the management information circular to be sent to CUR shareholders in connection with the Meeting.

It is anticipated that the Arrangement and Listing will be completed in the first quarter of 2022.

The Altius Agreements

On October 17, 2021, the Company and Labrador Uranium entered into the Altius Agreement with Altius pursuant to which LUR has agreed to acquire the Altius Projects from Altius in exchange for 8,000,000 LUR Shares and a 2% gross overriding royalty on the CMB Project. Completion of the Altius Transaction is subject to certain closing conditions including, among other things, completion of the Arrangement and the conditional approval from the CSE for the Listing.

In the event that the Arrangement and Listing are not completed, Altius has the right (the “Put Right”) to require CUR to acquire the Altius Projects in exchange for $3,000,000 to be satisfied by the issuance of CUR Shares based on the volume weighted average price of the CUR Shares at the time of the exercise of the Put Right, subject to approval of the TSXV. In the event that the Put Right is not exercised by Altius, CUR has the right to acquire the Altius Projects on the same terms and conditions as the Put Right, subject to approval of the TSXV. Any CUR securities issued in connection with the Altius Transaction are subject to final approval of the TSXV and will be subject to a hold period expiring four months and one day from the applicable date of issuance.

Additionally, Altius, LUR and CUR have agreed on an area of interest whereby the two companies will work together in generating new targets and claims to bring to LUR.

In connection with closing of the Altius Transaction, LUR and Altius have agreed to enter into an investor rights agreement pursuant to which, for so long as Altius’ equity ownership in LUR remains at or above 10%, Altius will be entitled to equity participation rights to maintain its pro rata equity ownership in LUR. Altius has also agreed to certain resale restrictions on the LUR Shares it will hold and to provide voting support in certain circumstances.

About Labrador Uranium Inc.

Management and Board of Directors

• Stephen Keith P.Eng, Chief Executive Officer

  • Experienced engineer, investment banker and executive with over 20 years in the natural resources industry.

  • Lead Director of Aura Minerals Inc., Director of Sterling Metals Corp.

  • Previous positions include President and CEO of several public companies, including Rio Verde Minerals Development Corp., which Mr. Keith co-founded and took from a small private company, making several acquisitions and a public listing on the Toronto Stock Exchange through to its eventual sale to one of Brazil’s largest private equity firms.

• Greg Duras, Chief Financial Officer

  • Over 10 years of corporate and project finance experience in the resource sector.

  • Currently the CFO of Consolidated Uranium

  • Previous positions include, VP of Finance and Administration at S.C. Rosia Montana Gold Corporation S.A. (RMGC) as well as Controller of TSX-listed Gabriel Resources Ltd. and High River Gold Mines Ltd.

• Philip Williams CFA, Chairman

  • Over 20 years of mining and finance industry experience.

  • Currently the President, CEO & Chairman of Consolidated Uranium.

  • Extensive uranium and metals and mining experience in corporate development, as a sell-side research analyst, in fund management, investment banking.

The Projects

Moran Lake Project (Uranium-Vanadium)

The Moran Lake Project is an advanced-stage exploration project located within the Central Mineral Belt of Labrador, approximately 140 km north of the town of Happy Valley-Goose Bay and 85 km southwest of the coastal community of Postville on Kaipokok Bay. Access to the property is by helicopter and float plane out of Goose Bay.

Uranium was first discovered near Moran Lake by British Newfoundland Exploration Limited (Brinex) who conducted prospecting, geological mapping and radiometric surveying in the area from 1956 to 1958. The uranium mineralization is structurally controlled, typically hosted within fracture systems and to a lesser extent within shear zones. In outcrop, it is clear that local faulting, brecciation and alteration, all of uncertain age, are associated with the U-Cu mineralization at the Moran Lake C Zone. The mineralization is epigenetic and occurs in mafic volcanics of the Joe Pond Formation, Moran Lake Group, as well as in overlying sedimentary rocks of the Heggart Lake Formation, Bruce River Group.

Uranium mineralization at the C Zone mainly occurs in two distinct zones, referred to as the Upper C (“UC”) and Lower C (“LC”). Mineralization in the UC is hosted within brecciated, hematite altered and/or bleached mafic volcanics and hematitic cherts of the Joe Pond Formation, while mineralization in the structurally underlying LC is hosted predominantly within chloritized (reduced) sandstones of the Heggart Lake Formation. The UC also contains vanadium mineralization hosted mainly by hematized and brecciated mafic volcanic rocks of the Joe Pond Formation and brecciated gabbro or diabasic intrusives. In many areas, the vanadium concentration is directly proportional to the intensity of hematization and brecciation. The occurrence of vanadium mineralization may coincide with, but is not restricted to, zones of uranium mineralization.

In January 2011 (revised March 2011), Crosshair Exploration & Mining Corp. published a report entitled “Technical Report on the Central Mineral Belt (CMB) Uranium – Vanadium Project, Labrador, Canada”, which includes the mineral resource estimate set out in the table below for the C Zone. This mineral resource estimate is considered to be a “historical estimate” as defined under NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource, and CUR is not treating the historical estimate as a current mineral resource. An updated technical report in prepared in accordance with NI 43-101 is underway and is expected to be completed in the fourth quarter of 2021. See below under “Technical Disclosure and Qualified Person”.

CMB Project (Uranium and Other Metals)

The CMB Project comprises ~125,000 hectares covering a significant portion of the Central Mineral Belt in Labrador. There are several known uranium prospects along the CMB which have been identified over decades of historical work in the region. To date, LUR, in combination with Altius, CUR and its advisors, has generated more than 140 targets meriting further exploration work.

We believe the CMB is a globally significant Copper and Uranium region. It is an approximately 260 km long by 75 km wide belt endowed with hundreds of copper, uranium, silver, gold, REE, iron and molybdenum showings. It overlies the junction of four major geological provinces and affected by major magmatic and orogenic events. Originally recognized for its copper potential, copper exploration was mostly displaced in favour of uranium in the early 2000s. This land package contains numerous occurrences of copper, gold, silver, uranium, iron and REEs, with copper, gold and magnetite content showing a strong positive correlation. Uranium occurs with hematite and/or albite dominant alteration, in breccias or along shear zones.

Notakwanon Project (Uranium)

Located in northern Labrador, approximately 60 km west of the Labrador coast, the Notakwanon Project straddles the Churchill and Nain Provinces boundary. The Notakwanon Project is accessible by float plane or helicopter from Hopedale, Nain or Happy Valley-Goose Bay.

Previous exploration has identified a cluster of uranium prospects with greater than 20 occurrences. Three main zones with traces of high-grade uranium mineralization have been identified. These historical exploration results include:

• Rumble: Grab samples have returned values of up to 3.49% U3O8 and saw-cut channel samples have yielded up to 0.48% U3O8 over 2.5 metres.

• Old School: Grab samples have yielded up to 2.08% U3O8.

• Notak-1: Grab samples have yielded up to 1.81% U3O8

Overall, the Notakwanon prospect is an untested, drill-ready, multi-target project with similarities to basement-style uranium deposits.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release was reviewed and approved by Peter Mullens (FAusIMM), CUR’s VP Business Development, who is a “Qualified Person” (as defined in NI 43-101).

The mineral resource estimate contained in this presentation is considered to be a “historical estimate” as defined under NI 43-101, and has been derived from a report entitled “Technical Report on the Central Mineral Belt (Cmb) Uranium – Vanadium Project, Labrador, Canada” dated January 20, 2011 as revised March 10, 2011 prepared for Crosshair Exploration & Mining Corp. The historical estimate was prepared by C. Stewart Wallis P. Geo, Barry A. Sparkes, P. Geo., Gary H. Giroux, P. Eng. (Qualified Person) using three-dimensional block models utilizing ordinary kriging to interpolate grades into each 10m x 10m x 4m high block. For the purpose of the vanadium mineral resource estimate, a vanadium specific model was created in the Upper C rock package above the C Zone thrust fault. The vanadium model is based on a wireframe solid defining the vanadium mineralized envelope using an external cut-off of approximately 0.1% V2O5. For the purposes of the estimates, a specific gravity of 2.83 was used.

A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource, and CUR is not treating the historical estimate as a current mineral resource. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Moran Lake historical estimate as a current mineral resource.

About Consolidated Uranium Inc.

Consolidated Uranium Inc. (TSXV: CUR) (OTCQB: CURUF) was created in early 2020 to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation. To date, the company has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina and the United States each with significant past expenditures and attractive characteristics for development. Most recently, the Company entered a transformational strategic acquisition agreement and alliance with Energy Fuels Inc (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, to acquire a portfolio of permitted, past-producing conventional uranium and vanadium mines in the Utah and Colorado. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning CUR as a near-term uranium producer.

Philip Williams
President and CEO
+1 778 383 3057
pwilliams@consolidateduranium.com

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

Cautionary Statement Regarding Forward-Looking Information.

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the completion of the Arrangement and the Altius Transaction; the anticipated timing of the Meeting, closing of the Arrangement and the Listing; the anticipated timing of a technical report on the Moran Lake project. the anticipated benefits of the Arrangement for CUR shareholders; the satisfaction or waiver of the closing conditions set out in the Arrangement Agreement and the purchase agreement for the Altius Projects, including receipt of all regulatory approvals; the field exploration program anticipated for 2022; the anticipated management team and board of directors of LUR; and the satisfaction final approval of the Agreement by the TSX Venture Exchange and other activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court and shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Arrangement, the Listing and the Altius Transaction; that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the diversion of management time on Transaction-related issues; expectations regarding negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

Gainers

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• Greenpro Capital Corp. (NASDAQ: GRNQ) rose 23.2% to $1.1008 after jumping around 19% on Friday.

• Peabody Energy Corporation (NYSE: BTU) gained 20.5% to $19.24. Peabody said it sees preliminary Q3 sales of $670 million to $690 million.

• Aerovate Therapeutics, Inc. (NASDAQ: AVTE) shares climbed 19.8% to $16.93 after declining around 19% on Friday.

• Evolving Systems, Inc (NASDAQ: EVOL) gained 19.2% to $2.67 after the company announced it will sell its activation and marketing businesses to PartnerOne Capital for $40 million.

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• Progenity, Inc. (NASDAQ: PROG) gained 17.3% to $2.5109. Benzinga recently highlighted stock as a top 5 short squeeze candidate.

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• DoubleVerify Holdings, Inc. (NYSE: DV) gained 12.5% to $35.72. Barclays maintained DoubleVerify with an Equal-Weight and lowered the price target from $42 to $37.

• Amplitude, Inc. (NASDAQ: AMPL) jumped 11.8% to $62.61.

• Agile Therapeutics, Inc. (NASDAQ: AGRX) rose 11.4% to $0.8468. The company said Executive Edelman Joseph bought 8.42 million shares at average price of $0.58.

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• Macy's, Inc. (NYSE: M) surged 9.3% to $26.28. Jana Partners LLC, an activist investment firm founded by hedge fund executive Barry Rosenstein, has taken a stake in Macy’s and has called on the company’s leadership to spin off its e-commerce operations.

• Riot Blockchain, Inc. (NASDAQ: RIOT) gained 8.7% to $30.28 amid a weekend increase in the price of Bitcoin.

• COMSovereign Holding Corp. (NASDAQ: COMS) gained 5.6% to $1.23 after the company announced its RF Engineering & Energy Resource unit received Google's "Android TV Operator Tier" certification for its new IPTV device.

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Losers

• Revance Therapeutics, Inc. (NASDAQ: RVNC) shares dipped 41.7% to $13.25. The FDA issued a Complete Response Letter (CRL) regarding Revance Therapeutics’ marketing application for DaxibotulinumtoxinA for Injection for moderate to severe glabellar (frown) lines.

• Omeros Corporation (NASDAQ: OMER) dropped 21.9% to $6.04 after the company announced it received a Complete Response Letter from the FDA for the Biologics License Application for narsoplimab in the treatment of HSCT-TMA.

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• Phathom Pharmaceuticals, Inc. (NASDAQ: PHAT) dropped 18.8% to $26.39. Phathom Pharmaceuticals announced data from the PHALCON-EE Phase 3 trial evaluating vonoprazan versus lansoprazole for erosive esophagitis (EE).

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• Zillow Group, Inc. (NASDAQ: Z) shares fell 9.7% to $85.54. After buying more than 3,800 homes in the second quarter, Zillow Group has announced that it will make no further purchases for the rest of the year, according to a report from Bloomberg.

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(Bloomberg) — The global energy crisis that’s fueling demand for coal boosted third-quarter results for Peabody Energy Corp., pushing up shares 17%.

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Sales exceeded $900 million, the highest in seven quarters, and adjusted earnings before interest, taxes, depreciation and amortization of $280 million to $290 million will be triple the year-ago figure, according to preliminary earnings released Monday by the biggest U.S. coal miner.

The results bode well for U.S. miners, which are heading into earnings season buoyed by increasing consumption at domestic utilities, higher demand for international shipments and prices climbing around the world. The global economic recovery has increased electricity consumption, leading to a shortage of natural gas and strong demand for coal. While world leaders will converge in Glasgow in two weeks for a critical climate conference, the dirtiest fossil fuel will remain the world’s biggest source of power for years to come.

“We remain optimistic about the future, given strong coal pricing and global demand fundamentals,” Peabody Chief Executive Officer Jim Grech said in the statement.

Peabody surged as much as 17% in New York, the most intraday since July. The shares have surged more than sevenfold this year as demand for coal has climbed. The company will issue its full third-quarter results on Oct. 28.

Peabody is the first U.S. coal producer to provide results for the quarter. Rivals may also report solid gains as power producers around the world are calling for more coal to head off potential shortfalls. U.S. miners are shipping as much as they can dig up, though their ability to increase production is constrained by labor shortages and mining capacity that’s been in decline for years.

Elliott Investment Management, the company’s top shareholder, reduced its stake after exercising short call options, according to a filing Monday.

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The U.S. Energy Department's weekly inventory release showed a lower-than-expected increase in natural gas supplies. Despite the positive inventory numbers, a bearish turn in weather forecasts sparked a pullback in the commodity. But relatively low stockpile levels and continued strong liquefied natural gas (“LNG”) feedgas deliveries suggest that the fuel’s prices will remain favorable in the short and medium terms. 

EIA Reports a Build Smaller Than Market Expectations

Stockpiles held in underground storage in the lower 48 states rose by 81 billion cubic feet (Bcf) for the week ended Oct 8 compared to the 89 Bcf addition guidance, per the analysts surveyed by S&P Global Platts. But the increase was above the five-year (2016-2020) average net build of 79 Bcf and last year’s addition of 50 Bcf for the same corresponding week.

The latest injection puts total natural gas stocks at 3,369 billion cubic feet (Bcf), which is 501 Bcf (12.9%) below the 2020 level at this time and 174 Bcf (4.9%) lower than the five-year average.

The total supply of natural gas averaged 97.8 Bcf per day, essentially unchanged on a weekly basis as higher dry production was offset by lower shipments from Canada.

Meanwhile, daily consumption rose 1.3% to 84.7 Bcf from 83.6 Bcf in the previous week, primarily due to stronger demand from the residential/commercial sector and increased LNG deliveries, partly canceled by a lower power burn.

Natural Gas Registers a Weekly Decline

Natural gas prices trended downward last week despite the lower-than-expected inventory build. Futures for November delivery ended Friday at $5.41 on the New York Mercantile Exchange, falling 2.8% from the previous week’s closing. The decrease in natural gas realization is the result of a mild weather outlook and the subsequent lull in heating/cooling demand.

Wrap-Up

As is the norm with natural gas, changes in temperature and weather forecasts can lead to price swings. The latest models are anticipating moderate temperature-driven consumption, after which prices have gone down. Nevertheless, the commodity’s medium-term outlook continues to be favorable.

For starters, the low stockpile levels — well below normal for this time of the year — have been supporting the price of the energy commodity with the apprehension that the market might enter the winter withdrawal season with a supply shortage.

Secondly, LNG shipments for export from the United States have been robust for months on the back of environmental reasons and record higher prices of the super-chilled fuel elsewhere. Most analysts believe that deliveries appear poised for further gains this year on surging consumption in Europe and Asia, especially as we head into winter. The circumstances are particularly dire in Europe where gas supply is running low with the need for a steady refill from the United States ahead of the heating season.

Consequently, the scenario for the primary U.S. power plant fuel is expected to be healthy. In fact, natural gas recently topped $6 MMBtu for the first time since 2014 and reached a 13-year high settlement of $6.312 earlier this month. As a matter of fact, prices have more than doubled year to date and a staggering 270% from the 25-year lows in June 2020.

Final Words

Overall, given natural gas’ fundamental set-up, prices might ease occasionally but should generally stay strong. The upward trend should aid gas-weighted producers SilverBow Resources SBOW, Goodrich Petroleum GDP, Range Resources RRC, Comstock Resources CRK, EQT Corporation EQT and CNX Resources CNX, while LNG exporter Cheniere Energy LNG is also primed for growth. SilverBow, Goodrich, Range and Comstock sport a Zacks Rank #1 (Strong Buy), while EQT, CNX and Cheniere carry a Zacks Rank #2 (Buy).

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Comstock Resources, Inc. (CRK) : Free Stock Analysis Report
 
Range Resources Corporation (RRC) : Free Stock Analysis Report
 
EQT Corporation (EQT) : Free Stock Analysis Report
 
CNX Resources Corporation. (CNX) : Free Stock Analysis Report
 
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Goodrich Petroleum Corporation (GDP) : Free Stock Analysis Report
 
SilverBow Resources (SBOW) : Free Stock Analysis Report
 
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Zacks Investment Research

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile failures like hedge funds' 2018 losses in Facebook and Apple. Let’s take a closer look at what the funds we track think about CNX Resources Corporation (NYSE:CNX) in this article.

Is CNX Resources Corporation (NYSE:CNX) going to take off soon? Investors who are in the know were betting on the stock. The number of long hedge fund bets inched up by 7 recently. CNX Resources Corporation (NYSE:CNX) was in 30 hedge funds' portfolios at the end of June. The all time high for this statistic is 38. Our calculations also showed that CNX isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

To the average investor there are plenty of tools investors employ to evaluate publicly traded companies. Two of the most useful tools are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the top picks of the top fund managers can trounce their index-focused peers by a superb margin (see the details here). Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.

Ryan Tolkin, CIO of Schonfeld Strategic Advisors

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

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

Heading into the third quarter of 2021, a total of 30 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 30% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards CNX over the last 24 quarters. With hedgies' capital changing hands, there exists an "upper tier" of notable hedge fund managers who were adding to their holdings meaningfully (or already accumulated large positions).

The largest stake in CNX Resources Corporation (NYSE:CNX) was held by Southeastern Asset Management, which reported holding $384.8 million worth of stock at the end of June. It was followed by D E Shaw with a $50.6 million position. Other investors bullish on the company included Aequim Alternative Investments, Arrowstreet Capital, and Quaker Capital Investments. In terms of the portfolio weights assigned to each position Southeastern Asset Management allocated the biggest weight to CNX Resources Corporation (NYSE:CNX), around 7.74% of its 13F portfolio. Quaker Capital Investments is also relatively very bullish on the stock, dishing out 3.98 percent of its 13F equity portfolio to CNX.

As one would reasonably expect, specific money managers were breaking ground themselves. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, created the largest position in CNX Resources Corporation (NYSE:CNX). Marshall Wace LLP had $3.3 million invested in the company at the end of the quarter. Michael Gelband's ExodusPoint Capital also made a $1 million investment in the stock during the quarter. The other funds with brand new CNX positions are Mark Broach's Manatuck Hill Partners, Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors, and Qing Li's Sciencast Management.

Let's also examine hedge fund activity in other stocks similar to CNX Resources Corporation (NYSE:CNX). These stocks are Alamos Gold Inc (NYSE:AGI), Kennametal Inc. (NYSE:KMT), Hilltop Holdings Inc. (NYSE:HTH), Jumia Technologies AG (NYSE:JMIA), Berkeley Lights, Inc. (NASDAQ:BLI), Calix Inc (NYSE:CALX), and Utz Brands Inc (NYSE:UTZ). This group of stocks' market values match CNX's market value.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position AGI,20,221648,-2 KMT,18,376031,5 HTH,8,44603,-8 JMIA,14,153915,-2 BLI,15,379480,-1 CALX,23,289870,-8 UTZ,14,76181,1 Average,16,220247,-2.1 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $220 million. That figure was $540 million in CNX's case. Calix Inc (NYSE:CALX) is the most popular stock in this table. On the other hand Hilltop Holdings Inc. (NYSE:HTH) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks CNX Resources Corporation (NYSE:CNX) is more popular among hedge funds. Our overall hedge fund sentiment score for CNX is 83.7. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 24.9% in 2021 through October 15th and still beat the market by 4.5 percentage points. Unfortunately CNX wasn't nearly as popular as these 5 stocks and hedge funds that were betting on CNX were disappointed as the stock returned -3% since the end of the second quarter (through 10/15) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market since 2019.

Get real-time email alerts: Follow Cnx Resources Corp (NYSE:CNX)

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

Goldman Sachs, Apple, Occidental Petroleum, CDW and Albertsons are five top stock gainers for Monday.

Traders could go long FCX ahead of earnings on Thursday.

Toronto, Ontario–(Newsfile Corp. – October 18, 2021) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will report its Q3 2021 financial results before market open on Monday, November 15, 2021. Management will host a conference call and webcast to discuss the results at 10:30AM Eastern Time the same day.

Conference call and webcast details

Link to join the live audio webcast:
http://services.choruscall.ca/links/ivanhoemines20211115.html.

Phone numbers to join the live conference call:
Canada/USA toll-free dial-in number: 1-800-319-4610
International dial-in number: +1-604-638-5340

Participants should dial in 5 to 10 minutes prior to the scheduled start time and ask to join the Ivanhoe Mines conference call.

Investors and analysts are encouraged to submit questions via email to info@ivanhoemines.com prior to the start of the call. During the question-and-answer period, management will respond to questions submitted as time allows.

The webcast will be available for replay until December 15, 2021 at http://services.choruscall.ca/links/ivanhoemines20211115.html.

The conference call will be available for replay until November 31, 2021.
Toll-free replay number: 1-800-319-6413
International replay number: +1-604-638-9010
Replay access code: 7973

After issuance, the Q3 2021 Financial Statements and Management's Discussion and Analysis will be available at www.ivanhoemines.com and at www.sedar.com.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper joint-venture in the Democratic Republic of Congo and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the Democratic Republic of Congo, near the Kamoa-Kakula Project.

Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula is being powered by clean, renewable hydro-generated electricity and is projected to be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99972

In this article, we discuss the top 10 dividend stock picks of billionaire Ken Fisher. If you want to skip our detailed analysis of these stocks, go directly to Billionaire Ken Fisher’s Top 5 Dividend Stock Picks.

Ken Fisher is one of the most well-known hedge fund managers on Wall Street. The portfolio of his hedge fund, Fisher Asset Management, was more than $159 billion at the end of June 2021 with the top holdings concentrated in the technology, healthcare, and financial sectors. The top ten holdings comprise over 31% of the entire portfolio. According to the latest filings, the portfolio value of the fund jumped over 18% billion between March and June this year. Fisher has a personal net worth of more than $6 billion.

During the second quarter, the billionaire, through his hedge fund, made new purchases in 86 stocks, bought additional stakes in 376, sold out of 76, and reduced holdings in 417 stocks. Over the years, Fisher has championed an investment strategy that compares the share price against expectations of growth, making handsome returns in the process. His dividend stocks picks have especially outshone the market, making him a legend in the value investing universe even though his portfolio is growth heavy.

Some of the top dividend stock picks in the Fisher Asset Management portfolio at the end of the second quarter of 2021 included The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), among others discussed in detail below. The returns of the hedge fund led by Fisher have consistently beat market benchmarks like the S&P 500 over the past few years, earning Fisher cult-like status on Wall Street and indeed around the world.

Our Methodology

With this context in mind, here is our list of the top 10 dividend stock picks of billionaire Ken Fisher. These were picked from the investment portfolio of Fisher Asset Management at the end of the second quarter of 2021.

The list is compiled according to the value of each holding in the portfolio of Fisher Asset Management. The hedge fund sentiment around each stock was gauged using the data of 873 hedge funds tracked by Insider Monkey.

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

Billionaire Ken Fisher’s Top Dividend Stock Picks

10. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 42

Forward Dividend Yield: 3.25%

Analysts have been bullish on 3M Company (NYSE:MMM) stock since the company posted strong earnings for the second quarter in late July. Advisory Langenberg recently upgraded the stock to Buy from Hold with a price target of $210. Wells Fargo had initiated the stock at Equal Weight with a $179 target on October 7. The company smashed market expectations on earnings per share and revenue in the second quarter by $0.31 and $360 million respectively.

According to 13F filings, Fisher Asset Management owned 5.3 million shares in 3M Company (NYSE:MMM) worth over $1 billion at the end of the second quarter of 2021, representing 0.67% of the portfolio of the fund.

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm AQR Capital Management is a leading shareholder in 3M Company (NYSE:MMM) with 1.1 million shares worth more than $235 million.

Just like The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), 3M Company (NYSE:MMM) is one of the dividend stocks attracting the attention of elite investors.

9. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 108

Forward Dividend Yield: 2.40%

JPMorgan Chase & Co. (NYSE:JPM) is one of the most trusted names in the banking sector and many elite investors have bullish views on the stock. The company has strong fundamentals and recently had stock price targets raised at advisors like BMO Capital, Credit Suisse, Jefferies and Barclays. The company beat market expectations on revenue in the third quarter by $0.74.

According to the latest data, Fisher Asset Management owned 6.9 million shares in JPMorgan Chase & Co. (NYSE:JPM) at the end of June 2021 worth more than $1 billion, representing 0.67% of the portfolio of the fund.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in JPMorgan Chase & Co. (NYSE:JPM) with 6.9 million shares worth more than $1 billion.

In addition to The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), JPMorgan Chase & Co. (NYSE:JPM) is one of the dividend stocks that hedge funds are buying.

In its Q4 2020 investor letter, Bretton Fund, an asset management firm, highlighted a few stocks and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here is what the fund said:

8. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 21

Forward Dividend Yield: 9.73%

Mining stocks have soared as iron ore prices skyrocket amid a crackdown against the mining industry in China and increased demand for the metal in the post-pandemic economy. Rio Tinto Group (NYSE:RIO), a mining firm based in the United Kingdom, has benefited from this environment. Exane BNP Paribas analyst Sylvain Brunet recently upgraded the stock to Outperform from Neutral with a price target of GBP5,630.

Securities filings reveal that Fisher Asset Management owned 12.9 million shares in Rio Tinto Group (NYSE:RIO) at the end of the second quarter of 2021 worth over $1 billion, representing 0.68% of the portfolio of the fund.

Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Rio Tinto Group (NYSE: RIO) with 1.8 million shares worth more than $156 million.

Along with The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), Rio Tinto Group (NYSE:RIO) is one of the dividend stocks on the radar of institutional investors.

7. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 105

Forward Dividend Yield: 1.35%

Although most biotech stocks operate in the high-growth domain, UnitedHealth Group Incorporated (NYSE:UNH) is one healthcare firm that has made a name for itself in the value investing universe. The company recently smashed market predictions on earning per share and revenue in the third quarter, raising guidance numbers and prompting price target raises from Evercore ISI and Credit Suisse.

Regulatory filings show that Fisher Asset Management owned more than 2.8 million in UnitedHealth Group Incorporated (NYSE:UNH) at the end of June 2021 worth $1.1 billion, representing 0.71% of the portfolio of the fund.

At the end of the second quarter of 2021, 105 hedge funds in the database of Insider Monkey held stakes worth $13 billion in UnitedHealth Group Incorporated (NYSE:UNH), up from 89 in the preceding quarter worth $12 billion.

The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT) are some of the top dividend stocks to buy now, just like UnitedHealth Group Incorporated (NYSE:UNH).

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and UnitedHealth Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

6. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 55

Forward Dividend Yield: 1.34%

Oracle Corporation (NYSE:ORCL) is another stock in the growth stock domain that features high on the dividend stock list of Ken Fisher, primarily because of the solid user base of the firm and the reputation of steady earnings growth it has developed over the years. Earlier this month, the company announced that it would be opening 14 cloud regions across the world to support demand for the Oracle Cloud in regions like the Middle East and Latin America.

Fisher Asset Management owned more than 14.8 million shares in Oracle Corporation (NYSE:ORCL) at the end of the second quarter of 2021 worth over $1.1 billion, representing 0.72% of the portfolio of the fund.

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $2.8 billion in Oracle Corporation (NYSE:ORCL), up from 52 in the preceding quarter worth $2.8 billion.

The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT) are some of the elite dividend stocks to buy now, just like Oracle Corporation (NYSE:ORCL).

Here is what Ariel Investments has to say about Oracle Corporation (NYSE:ORCL) in its Q1 2021 investor letter:

Click to continue reading and see Billionaire Ken Fisher’s Top 5 Dividend Stock Picks.

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Disclosure. None. Billionaire Ken Fisher’s Top 10 Dividend Stock Picks is originally published on Insider Monkey.

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

SUDBURY, ON / ACCESSWIRE / October 18, 2021 / Northern Superior Resources Inc. (the "Company" or "Northern Superior") (TSXV:SUP)(OTCQB:NSUPF) is pleased to announce it has arranged a new, C$3,000,000 non-brokered private placement (the "Offering").

This Offering will consist of a combination of: (i) flow-through common shares of the Company issued to subscribers in Québec ("Québec FT Shares"), at a price of $0.90 per Québec FT Share; and (ii) "charity" flow-through common shares of the Company, issued to subscribers in Québec ("Québec Charity FT Shares" and together with the Québec FT Shares, the "FT Shares"), at a front-end issue price of $1.18 per Québec Charity FT.

The gross proceeds received by the Corporation from the sale of the FT Shares will be used to incur Canadian Exploration Expenses ("CEE") that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the corporation's gold projects in the Province of Québec, notably Lac Surprise and Croteau Est, which will be renounced to subscribers with an effective date no later than December 31, 2021.

Dr. Thomas Morris, CEO states: "Dr. Thomas Morris, CEO states: "With the recent gold discovery at Lac Surprise (see Northern Superior press release August 17, 2021) and the pending results from the reverse circulation drill program (RC) expected by year end on the Croteau Est gold property (see Northern Superior press release August 24, 2021) we feel the application of these funds is essential in advancing both of these significant and highly prospective opportunities for our shareholders."

For further information regarding these exploration properties the reader is referred to the Company's corporate presentation posted on Northern Superior's website at www.nsuperior.com."

All securities sold pursuant to the Offering will be subject to a four-month hold period and will not be offered or registered in the United States. Commissions may be paid on a portion of the proceeds from the Offering. Closing of the Offering is anticipated to occur on or before December 14, 2021 and is subject to customary closing conditions including, but not limited to; the negotiation, execution of subscription agreements with investors and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Northern Superior Resources Inc.

Northern Superior is a junior exploration company exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its Lac Surprise, Croteau Est and Wapistan properties in Québec and its TPK property in Ontario. Northern Superior also has a number of other 100% owned properties in Ontario and Québec.

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

For further information contact:

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

Forward Looking Statement:

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

Neither 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.

SOURCE: Northern Superior Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/668472/Northern-Superior-Resources-Announces-A-C30-Million-Dollar-Non-brokered-Private-Placement

VANCOUVER, BC, Oct. 18, 2021 /CNW/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), today announces that it intends to increase the non-brokered private placement of units (the "Private Placement" or the "Offering"), previously announced on October 15, 2021, to raise approximately CAD$2,300,000. The increased Offering is to accommodate an additional institutional investor. The closing of the Offering is subject to customary conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV").

The increased Private Placement will consist of 20,909,091 units priced at CAD$0.11 per unit (the "Units"). Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of CAD$0.15 per common share for a period of three years from the date of issue. The securities will be subject to a four-month hold period from the date of closing and approval by the TSXV. The Private Placement is subject to a 15% over-allotment option and to an acceleration clause. See below for further details. In connection with the private placement, the Company may pay finders' fees or brokers' warrants to eligible third-parties in consideration for the introduction of subscribers.

Net proceeds from the Private Placement will be used for advanced materials sample preparation, commercial agreements, project finance and general working capital requirements for the Company.

Acceleration Clause

If during a period of ten consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds CAD$0.50 on each of those ten consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time.

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is a Canadian battery-metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery-metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful, large-scale, pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSXV under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education, and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals – YouTube

CAUTIONARY STATEMENT

Neither the 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 press release.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

View original content to download multimedia:https://www.prnewswire.com/news-releases/south-star-battery-metals-announces-increase-in-non-brokered-private-placement-301402609.html

SOURCE South Star Battery Metals Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/18/c5169.html

Figure 1:

Plan View of the Guayabales Project and the Donut Target

Figure 2:

Plan View of the Donut Target Area (Gold Values (g/t))

Figure 3:

Cross Section of Donut Drilling

Figure 4:

Core Photos (i)

Figure 4:

Core Photos (ii)

Figure 4:

Core Photos (iii)

Figure 4:

Core Photos (iv)

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that it has made a significant discovery at the Donut target (“Donut”). Donut is the first of five outcropping and grassroot targets generated by the Company to be drilled at the Guayabales project, Colombia. The Company presently has one diamond drill rig testing Donut with a second rig expected to arrive at site shortly and begin drilling the Box target prior to the end of October 2021.

Highlights (Table 1 and Figures 1 to 4)

• Broad and continuous gold (“Au”) and silver (“Ag”) mineralization has been intersected from surface in the first two diamond drill holes at the Donut target as follows:

  • 104 metres at 1.3 g/t gold equivalent from surface including 18 metres at 4.7 g/t gold equivalent from 16 metre depth (DOC-2);

  • 106 metres at 0.5 g/t gold equivalent from surface (DOC-1).

• Donut is located at the NW end of a SW trending zone hosting clusters of mineralized breccia bodies which can be traced along strike to the SW for 550 metres and remain open for further expansion.

• Drilling continues at Donut with holes DOC-3 through DOC-5 now complete and DOC-6 currently underway.

• DOC-3 and DOC-4 were drilled to the southwest and deeper within the mineralized system. Preliminary logging of both holes highlights continuity of the mineralized breccia and polymetallic vein system overprint with longer intercepts of mineralized breccia than was intersected in DOC-1 and DOC-2.

• DOC-05, which was drilled to the southeast, intersected a narrower interval of mineralized breccia before passing through a fault. Upon exiting the fault at approximately 80 metres down-hole, porphyry style alteration was encountered until the end of the hole at 327 metres.

• Assay results for DOC-3 to DOC-5 are anticipated in the near term and will be reported shortly thereafter.

• Due to the positive start to the drilling program, the Company is expanding its maiden drill program from 7,500 to 10,000 metres.

“As a result of our team’s diligence and geological modelling prowess, we have accomplished the exceedingly arduous task of making a brand-new discovery on the very first drill hole into a grassroot target at the Guayabales project. We look forward to announcing additional drill hole assay results in the near term,” commented Ari Sussman, Executive Chairman. “As a result of this early success, we are increasing our initial drill program from 7,500 to 10,000 metres and are also accelerating our plans to drill the Olympus target to November 2021 from Q1, 2022.”

Table 1 Initial Diamond Drilling Results at the Donut Target

• Gold equivalent calculated based on a long-term 65:1 silver to gold ratio average and metallurgical recovery rate assumption of 95% for gold and 90% for silver based on similar projects globally. Readers should be cautioned that the Company has not yet performed any independent metallurgical test work on the deposit and as a result, recovery rates could ultimately be superior or inferior to the estimates used in the calculation.

Geological Details of the Donut Target

Underground mapping of artisanal workings covering a 100 metre x 100 metre area has exposed mineralized and oxidized porphyritic diorite in contact with hydrothermal breccia. The porphyry and the breccia display evidence of stockwork and sheeted, quartz-sulphide veinlets as well as later overprinting polymetallic veins. A total of one hundred and seventy-six two-metre channel samples were taken underground and returned an average of 2.1 g/t gold and 21.2 g/t silver (based on applying a statistical top-cut to three high-grade samples). Collective’s initial drilling has been focused on drill testing this mineralization at depth and in an array of different directions.

Review of the diamond drill core highlights a hydrothermal breccia with a sulphide matrix and hosting clasts of mineralized porphyry containing A and B veins and disseminated pyrite, chalcopyrite, and molybdenum. Breccia mineralization is associated with strong phyllic alteration (principally illite-sericite with some chlorite and epidote) whereas the diorite bodies intersected in the cores show potassic alteration (Biotite and K feldspar). The overprinting polymetallic veinlets contain quartz and pyrite associated with high grade gold values, sphalerite and occasional galena. Borehole DOC-5, drilled to the southeast, intersected mineralized breccia in a faulted contact with a potassic altered, porphyry body hosting disseminated chalcopyrite and molybdenum plus A and B porphyry veinlets.

In summary, mineralization at Donut is polyphase related to porphyry, hydrothermal breccia, and later polymetallic veining. At least three mineralization events are seen in the drill core. The presence of porphyry clasts and the mineralized porphyry intrusive intersected in DOC-5 highlight the potential for a large, mineralized porphyry body in the near vicinity.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production. Management and insiders own approximately 41% of the outstanding shares of the Company and as a result are fully aligned with shareholders. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia. As a result of an aggressive grassroots exploration program on the flagship Guayabales project, five major targets have been defined. The Company recently increased its maiden drill program to 10,000 metres with a sole purpose of making the next major discovery in Colombia.

Contact Information

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future and intentions. 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. 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. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective 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 Collective 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 news release.

Figure 1: Plan View of the Guayabales Project and the Donut Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9ee816f-ca94-4b43-8c82-fc466f2f7985

Figure 2: Plan View of the Donut Target Area (Gold Values (g/t)) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fb6daab3-fe64-40c2-9398-ec694f5d114b

Figure 3: Cross Section of Donut Drilling is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1915efc3-8c65-47ba-ab07-63ef2de59cde

Figure 4: Core Photos (i) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0678467b-d64e-47a2-b32d-84d790c0e6be

Figure 4: Core Photos (ii) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3196635a-7415-45c8-ab0e-88f06f5449bf

Figure 4: Core Photos (iii) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26acf326-8613-4e81-9302-a210c364b1c7

Figure 4: Core Photos (iv) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e9f5f859-4b4f-4ba1-96d8-8c5694482b5d

In this article we are going to use hedge fund sentiment as a tool and determine whether FMC Corporation (NYSE:FMC) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of news stories covering failed hedge fund investments and it is a fact that hedge funds' picks don't beat the market 100% of the time, but their consensus picks have historically done very well and have outperformed the market after adjusting for risk.

FMC Corporation (NYSE:FMC) shareholders have witnessed an increase in hedge fund sentiment recently. FMC Corporation (NYSE:FMC) was in 33 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 46. There were 32 hedge funds in our database with FMC holdings at the end of March. Our calculations also showed that FMC isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Hedge funds have more than $3.5 trillion in assets under management, so you can't expect their entire portfolios to beat the market by large margins. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 79 percentage points since March 2017 (see the details here). So you can still find a lot of gems by following hedge funds' moves today.

Larry Robbins of Glenview Capital

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

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

Heading into the third quarter of 2021, a total of 33 of the hedge funds tracked by Insider Monkey were long this stock, a change of 3% from the first quarter of 2020. The graph below displays the number of hedge funds with bullish position in FMC over the last 24 quarters. With hedgies' capital changing hands, there exists a few notable hedge fund managers who were adding to their stakes significantly (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Cardinal Capital, managed by Amy Minella, holds the biggest position in FMC Corporation (NYSE:FMC). Cardinal Capital has a $102.6 million position in the stock, comprising 2.5% of its 13F portfolio. Sitting at the No. 2 spot is Glenview Capital, led by Larry Robbins, holding a $94.4 million position; the fund has 1.6% of its 13F portfolio invested in the stock. Other professional money managers that hold long positions encompass D. E. Shaw's D E Shaw, Charles Paquelet's Skylands Capital and Phill Gross and Robert Atchinson's Adage Capital Management. In terms of the portfolio weights assigned to each position Lodge Hill Capital allocated the biggest weight to FMC Corporation (NYSE:FMC), around 4.01% of its 13F portfolio. Skylands Capital is also relatively very bullish on the stock, earmarking 2.8 percent of its 13F equity portfolio to FMC.

Now, key hedge funds have been driving this bullishness. Adage Capital Management, managed by Phill Gross and Robert Atchinson, established the most outsized position in FMC Corporation (NYSE:FMC). Adage Capital Management had $15.2 million invested in the company at the end of the quarter. Ray Dalio's Bridgewater Associates also initiated a $4.8 million position during the quarter. The other funds with brand new FMC positions are Paul Marshall and Ian Wace's Marshall Wace LLP, Donald Sussman's Paloma Partners, and Greg Poole's Echo Street Capital Management.

Let's check out hedge fund activity in other stocks similar to FMC Corporation (NYSE:FMC). These stocks are New Oriental Education & Technology Group Inc. (NYSE:EDU), Avalara, Inc. (NYSE:AVLR), Icahn Enterprises LP (NASDAQ:IEP), Open Text Corporation (NASDAQ:OTEX), Korea Electric Power Corporation (NYSE:KEP), Evergy, Inc. (NYSE:EVRG), and Campbell Soup Company (NYSE:CPB). This group of stocks' market valuations are similar to FMC's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position EDU,39,590421,-6 AVLR,29,1031140,-12 IEP,4,13111036,0 OTEX,14,300643,-2 KEP,4,18930,0 EVRG,21,1039354,-9 CPB,27,430218,-1 Average,19.7,2360249,-4.3 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 19.7 hedge funds with bullish positions and the average amount invested in these stocks was $2360 million. That figure was $372 million in FMC's case. New Oriental Education & Technology Group Inc. (NYSE:EDU) is the most popular stock in this table. On the other hand Icahn Enterprises LP (NASDAQ:IEP) is the least popular one with only 4 bullish hedge fund positions. FMC Corporation (NYSE:FMC) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for FMC is 69. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 24.9% in 2021 through October 15th and beat the market again by 4.5 percentage points. Unfortunately FMC wasn't nearly as popular as these 5 stocks and hedge funds that were betting on FMC were disappointed as the stock returned -14.1% since the end of June (through 10/15) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as many of these stocks already outperformed the market since 2019.

Get real-time email alerts: Follow Fmc Corp (NYSE:FMC)

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

In this article we will analyze whether Albemarle Corporation (NYSE:ALB) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. While not all of these picks will be winners, our research shows that these picks historically outperformed the market by double digits annually.

Is Albemarle Corporation (NYSE:ALB) a good stock to buy? Prominent investors were taking a bearish view. The number of long hedge fund bets were cut by 3 in recent months. Albemarle Corporation (NYSE:ALB) was in 28 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 40. Our calculations also showed that ALB isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 31 hedge funds in our database with ALB holdings at the end of March.

According to most shareholders, hedge funds are viewed as underperforming, outdated investment tools of yesteryear. While there are over 8000 funds with their doors open at the moment, Our experts choose to focus on the moguls of this group, approximately 850 funds. These investment experts handle the majority of the smart money's total capital, and by tracking their finest investments, Insider Monkey has figured out various investment strategies that have historically outstripped the S&P 500 index. Insider Monkey's flagship short hedge fund strategy outpaced the S&P 500 short ETFs by around 20 percentage points a year since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.

Matthew Hulsizer of PEAK6 Capital

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

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

At Q2's end, a total of 28 of the hedge funds tracked by Insider Monkey were long this stock, a change of -10% from one quarter earlier. By comparison, 25 hedge funds held shares or bullish call options in ALB a year ago. With the smart money's capital changing hands, there exists an "upper tier" of notable hedge fund managers who were upping their stakes considerably (or already accumulated large positions).

The largest stake in Albemarle Corporation (NYSE:ALB) was held by Renaissance Technologies, which reported holding $30.8 million worth of stock at the end of June. It was followed by Citadel Investment Group with a $29.6 million position. Other investors bullish on the company included Bridgewater Associates, Baymount Management, and PEAK6 Capital Management. In terms of the portfolio weights assigned to each position Axel Capital Management allocated the biggest weight to Albemarle Corporation (NYSE:ALB), around 6.17% of its 13F portfolio. Quaero Capital is also relatively very bullish on the stock, designating 4.14 percent of its 13F equity portfolio to ALB.

Due to the fact that Albemarle Corporation (NYSE:ALB) has faced a decline in interest from the aggregate hedge fund industry, it's easy to see that there was a specific group of funds who were dropping their full holdings by the end of the second quarter. It's worth mentioning that Chuck Royce's Royce & Associates cut the largest investment of the 750 funds followed by Insider Monkey, totaling about $6.5 million in stock, and Ken Griffin's Citadel Investment Group was right behind this move, as the fund sold off about $5.1 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 3 funds by the end of the second quarter.

Let's go over hedge fund activity in other stocks – not necessarily in the same industry as Albemarle Corporation (NYSE:ALB) but similarly valued. We will take a look at Tradeweb Markets Inc. (NASDAQ:TW), Qualtrics International Inc. (NASDAQ:XM), Ubiquiti Inc. (NYSE:UI), Citizens Financial Group Inc (NYSE:CFG), Restaurant Brands International Inc (NYSE:QSR), The Cooper Companies, Inc. (NYSE:COO), and Essex Property Trust Inc (NYSE:ESS). All of these stocks' market caps resemble ALB's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position TW,15,164110,-11 XM,37,2430220,0 UI,23,285947,4 CFG,36,402274,-5 QSR,22,2007862,-4 COO,33,1150171,-10 ESS,21,281090,-9 Average,26.7,960239,-5 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 26.7 hedge funds with bullish positions and the average amount invested in these stocks was $960 million. That figure was $165 million in ALB's case. Qualtrics International Inc. (NASDAQ:XM) is the most popular stock in this table. On the other hand Tradeweb Markets Inc. (NASDAQ:TW) is the least popular one with only 15 bullish hedge fund positions. Albemarle Corporation (NYSE:ALB) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for ALB is 52.5. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 24.9% in 2021 through October 15th and still beat the market by 4.5 percentage points. Hedge funds were also right about betting on ALB as the stock returned 36% since the end of Q2 (through 10/15) and outperformed the market. Hedge funds were rewarded for their relative bullishness.

Get real-time email alerts: Follow Albemarle Corp (NYSE:ALB)

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MELBOURNE, Australia, October 18, 2021–(BUSINESS WIRE)–Peter Toth, Group executive, Strategy and Development, has accepted a new position outside of Rio Tinto.

Rio Tinto Chief Executive Jakob Stausholm said "During Peter’s seven years with Rio Tinto, he has played a key role in shaping our corporate strategy, executing our portfolio restructure, and guiding our approach to climate change. We thank him for his contribution and wish him every success for the future."

Peter has stepped down from the Group’s executive committee with immediate effect and his responsibilities will be divided between current executives. He will remain in an advisory role until the end of 2021 and leave the company on 5 April 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018006012/en/

Contacts

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

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

David Outhwaite
M +44 7787 597 493

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

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

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

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

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

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

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

Amar Jambaa
M +61 472 865 948

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

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

riotinto.com

Category: General

VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) — Great Quest Fertilizer Ltd (TSXV: GQ) (“Great Quest” or “the Company”) is pleased to provide an update for shareholders. The Company is mobilizing in Mali to resume work on the Sanoukou project. Work will concentrate on a geophysical program with the goal of prospecting the areas between the continuous structures and auger drilling of geophysical anomalies superimposed on geochemical anomalies, in conjunctions with efforts to pursue small scale production on the property.

The Company has received confirmation that the process of renewing the Sanoukou permit is ongoing. The first step of the renewal process has been completed at National Department of Geology and Mines. The draft permit decree has been elaborated and submitted for the approval and signature of the Minister, consequently the decree of permit renewal is expected in the upcoming weeks. It should be understood that the delay in the reissuance of this permit to the dispositions of the mining code in force is likely due to the constraints of the provisional government and the complications resulting from the COVID-19 pandemic. In consequence, management is now willing to resume field work.

Sanoukou Gold Project

This property has long been considered one of the premier targets along Mali’s Western Gold Belt. Significant high-quality exploration work has been done on the property and artisanal work completed in recent years has revealed evidence of extensive high-grade mineralization which indicates that there is potentially a substantive upside to past exploration.

In excess of US$3 million has been invested in exploration work at Sanoukou; highlights of that work include drill hole SN02, completed by Great Quest (3.4m of 3.2 g/t gold drilled in 2011), and RAB18 (3m at 5.0 g/t gold), RAB53 (19m of 2.6 g/t gold drilled in 2006 by SOMIFIM). Great Quest completed a review of the geology exposed by artisanal work in recent years which indicated that prior drilling may have missed the main structures (see press release dated July 28, 2010). Sampling of the artisanal workings has shown some very high-grade results with 34 samples grading between 0.6 g/t and 24.9 g/t gold (see press release dated September 30, 2013).

Jed Richardson, President and CEO, commented, “Work is scheduled to begin in earnest towards the end of November at the end of the rainy season. As we closely watch the geopolitical situation in Mali developing, the Company has been active in building relationships and identifying prospective development in projects in the country of Morocco, a stable and highly prospective jurisdiction where our management team has extensive knowledge, contacts and experience.”

Mr. Diner (P.Geol.) has approved the contents of this News Release in relation to the Sanoukou Project. Jed Diner (M.Sc., P.Geol.) is a Qualified Person (QP) pursuant to NI 43-101.

About Great Quest

Great Quest Fertilizer Ltd. is a Canadian mineral exploration company focused on the development of African gold projects. The Company’s flagship asset is the Sanoukou Gold Project, encompassing 24 km² located in the Kayes region to the West of Mali and developing the Tilemsi Phosphate Project a 1,206 km² parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.

————————————————————————————————————

ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST FERTILIZER LTD.

“Jed Richardson”
President, Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the Sanoukou Gold Project and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

CONTACT: For more information: Please contact Jed Richardson by email at info@greatquest.com

Southern Copper (SCCO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

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 miner is expected to post quarterly earnings of $1.13 per share in its upcoming report, which represents a year-over-year change of +73.9%.

Revenues are expected to be $2.7 billion, up 27% 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. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

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 Southern Copper?

For Southern Copper, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.07%.

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

So, this combination indicates that Southern Copper will most likely 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 Southern Copper would post earnings of $1.15 per share when it actually produced earnings of $1.21, delivering a surprise of +5.22%.

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

Bottom Line

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

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

Southern Copper appears 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.

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

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Shares of Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) hit a new 52-week high of $8.51 during Monday morning trading, continuing to build on recent momentum. Over the course of the last 12 months, shares of Energy Fuels have moved between this new high and a 52-week low of $1.42. At the time of publishing, approximately 5.6 million shares have changed hands today, compared with an average volume of 4.5 million.

Throughout this period of strong performance, Energy Fuels has remained committed to the communities in which it operates. Last month, the company announced the establishment of the San Juan County Clean Energy Foundation, a fund specifically designed to contribute to the communities surrounding Energy Fuels’ White Mesa Mill in Southeastern, Utah.

In tandem with the announcement, Energy Fuels deposited $1 million into the foundation and detailed plans to provide ongoing annual funding equal to 1% of White Mesa Mill’s future revenues, providing funding to support the local economy and local priorities. The foundation will focus on supporting education, the environment, health/wellness, Tribal initiatives, and economic advancement in the City of Blanding, San Juan County, the White Mesa Ute Community, the Navajo Nation, and other area communities.

Learn more by viewing the company’s latest investor presentation at https://ibn.fm/OpmoH

About Energy Fuels Inc.

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States.

Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year.

In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. For more information, visit the company’s website at www.EnergyFuels.com.

NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU

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Toward the end of trading Monday, the Dow traded down 0.20% to 35,223.86 while the NASDAQ rose 0.68% to 14,998.54. The S&P also rose, gaining 0.19% to 4,480.05.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 45,792,530 cases with around 744,540 deaths. India confirmed a total of at least 34,081,310 cases and 452,320 deaths, while Brazil reported over 21,644,460 COVID-19 cases with 603,320 deaths. In total, there were at least 241,556,670 cases of COVID-19 worldwide with more than 4,915,950 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Consumer discretionary shares gained by 1.1% on Monday. Meanwhile, top gainers in the sector included Macy's, Inc. (NYSE: M), up 17% and Dutch Bros Inc. (NYSE: BROS) up 10%.

In trading on Monday, utilities shares fell 1%.

Top Headline

Albertsons Companies, Inc. (NYSE: ACI) reported better-than-expected results for its second quarter on Monday.

Albertsons reported quarterly earnings of $0.64 per share, beating analysts’ estimates of $0.45 per share. The company reported quarterly revenue of $16.50 billion, versus analysts’ estimates of $15.81 billion.

Albertsons also increased its quarterly dividend by 20% to $0.12 per share. The next quarterly dividend will be paid on November 12, 2021, to stockholders of record on October 29, 2021. Albertsons raised FY21 EPS guidance to $2.50 – $2.60 (previously $2.20 – $2.30) versus the consensus of $2.28. The company also raised adjusted EBITDA to $3.95 billion – $4.05 billion (prior view $3.7 billion – $3.8 billion).

Equities Trading UP

Valneva SE (NASDAQ: VALN) shares shot up 34% to $37.67 after the company reported VLA2001 met both co-primary endpoints in the Phase 3 pivotal trial Cov-Compare.

Shares of Evolving Systems, Inc (NASDAQ: EVOL) got a boost, shooting 22% to $2.7250 after the company announced it will sell its activation and marketing businesses to PartnerOne Capital for $40 million.

Peabody Energy Corporation (NYSE: BTU) shares were also up, gaining 21% to $19.37. Peabody said it sees preliminary Q3 sales of $670 million to $690 million.

Check out these big movers of the day

Equities Trading DOWN

Revance Therapeutics, Inc. (NASDAQ: RVNC) shares tumbled 39% to $13.83. The FDA issued a Complete Response Letter (CRL) regarding Revance Therapeutics’ marketing application for DaxibotulinumtoxinA for Injection for moderate to severe glabellar (frown) lines.

Shares of Omeros Corporation (NASDAQ: OMER) were down 27% to $5.67 after the company announced it received a Complete Response Letter from the FDA for the Biologics License Application for narsoplimab in the treatment of HSCT-TMA.

MannKind Corporation (NASDAQ: MNKD) was down, falling 19% to $4.1050 after the company announced the FDA issued a complete response to United Therapeutics regarding the New Drug Application for Tyvaso DPI.

Commodities

In commodity news, oil traded down 0.2% to $82.10, while gold traded down 0.1% to $1,767.00.

Silver traded down 0.3% Monday to $23.28 while copper fell 0.4% to $4.7125.

Euro zone

European shares closed lower today. The eurozone’s STOXX 600 slipped 0.50%, the Spanish Ibex Index fell 0.68% and the German DAX 30 declined 0.72%. Meanwhile, the London’s FTSE 100 fell 0.42%, French CAC 40 dipped 0.81% and Italy’s FTSE MIB dropped 0.83%.

Economics

Industrial production dropped 1.3% in September, following a revised 0.1% drop in August.

The NAHB housing market index increased 4 points to a reading of 80 in October.

The Treasury International Capital report for August will be released at 4:00 p.m. ET.

Check out the full economic calendar here

See more from Benzinga

• Click here for options trades from Benzinga

• Mid-Day Market Update: Nasdaq Rises 50 Points; Revance Therapeutics Shares Plummet

• 34 Stocks Moving In Monday's Mid-Day Session

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Midway through trading Monday, the Dow traded down 0.05% to 35,275.96 while the NASDAQ rose 0.34% to 14,948.46. The S&P also rose, gaining 0.19% to 4,479.71.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 45,792,530 cases with around 744,540 deaths. India confirmed a total of at least 34,081,310 cases and 452,320 deaths, while Brazil reported over 21,644,460 COVID-19 cases with 603,320 deaths. In total, there were at least 241,556,670 cases of COVID-19 worldwide with more than 4,915,950 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Consumer discretionary shares gained by 0.7% on Monday. Meanwhile, top gainers in the sector included Advance Auto Parts, Inc. (NYSE: AAP), up 3% and PlayAGS, Inc. (NYSE: AGS) up 1%.

In trading on Monday, health care shares fell 0.5%.

Top Headline

Albertsons Companies, Inc. (NYSE: ACI) reported better-than-expected results for its second quarter on Monday.

Albertsons reported quarterly earnings of $0.64 per share, beating analysts’ estimates of $0.45 per share. The company reported quarterly revenue of $16.50 billion, versus analysts’ estimates of $15.81 billion.

Albertsons also increased its quarterly dividend by 20% to $0.12 per share. The next quarterly dividend will be paid on November 12, 2021, to stockholders of record on October 29, 2021. Albertsons raised FY21 EPS guidance to $2.50 – $2.60 (previously $2.20 – $2.30) versus the consensus of $2.28. The company also raised adjusted EBITDA to $3.95 billion – $4.05 billion (prior view $3.7 billion – $3.8 billion).

Equities Trading UP

Valneva SE (NASDAQ: VALN) shares shot up 30% to $36.35 after the company reported VLA2001 met both co-primary endpoints in the Phase 3 pivotal trial Cov-Compare.

Shares of Evolving Systems, Inc (NASDAQ: EVOL) got a boost, shooting 21% to $2.7099 after the company announced it will sell its activation and marketing businesses to PartnerOne Capital for $40 million.

Peabody Energy Corporation (NYSE: BTU) shares were also up, gaining 17% to $18.64. Peabody said it sees preliminary Q3 sales of $670 million to $690 million.

Check out these big movers of the day

Equities Trading DOWN

Revance Therapeutics, Inc. (NASDAQ: RVNC) shares tumbled 42% to $13.28. The FDA issued a Complete Response Letter (CRL) regarding Revance Therapeutics’ marketing application for DaxibotulinumtoxinA for Injection for moderate to severe glabellar (frown) lines.

Shares of Omeros Corporation (NASDAQ: OMER) were down 25% to $5.83 after the company announced it received a Complete Response Letter from the FDA for the Biologics License Application for narsoplimab in the treatment of HSCT-TMA.

MannKind Corporation (NASDAQ: MNKD) was down, falling 18% to $4.16 after the company announced the FDA issued a complete response to United Therapeutics regarding the New Drug Application for Tyvaso DPI.

Commodities

In commodity news, oil traded up 0.3% to $82.54, while gold traded up 0.1% to $1,769.20.

Silver traded down 0.4% Monday to $23.255 while copper fell 0.7% to $4.6975.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 slipped 0.52%, the Spanish Ibex Index fell 0.78% and the German DAX 30 declined 0.68%. Meanwhile, the London’s FTSE 100 fell 0.42%, French CAC 40 dipped 0.83% and Italy’s FTSE MIB dropped 0.91%.

Economics

Industrial production dropped 1.3% in September, following a revised 0.1% drop in August.

The NAHB housing market index increased 4 points to a reading of 80 in October.

Federal Reserve Bank of Minneapolis President Neel Kashkari will speak at 2:15 p.m. ET.

The Treasury International Capital report for August will be released at 4:00 p.m. ET.

Check out the full economic calendar here

See more from Benzinga

• Click here for options trades from Benzinga

• 34 Stocks Moving In Monday's Mid-Day Session

• Mid-Morning Market Update: Markets Mostly Lower; Albertsons Tops Q2 Estimates

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Freeport McMoRan saw its IBD SmartSelect Composite Rating rise to 97 Monday, up from 92 the day before.

VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) — Lupaka Gold Corp. ("Lupaka Gold" or the “Company") (TSX-V: LPK, FRA: LQP) announces that it has changed its auditor from PricewaterhouseCoopers LLP (the “Former Auditor”) to MNP LLP (the “Successor Auditor”) effective October 18, 2021. At the request of the Company, the Former Auditor resigned as the auditor of the Company effective October 18, 2021 and the board of directors of the Company appointed the Successor Auditor as the Company’s auditor effective October 18, 2021, until the next annual general meeting of the shareholders of Company.

There were no modified opinions in the Former Auditor’s reports in connection with the audits of the Company’s most recently completed fiscal year ended December 31, 2020 and December 31, 2019. There have been no further audits of financial statements subsequent to the Company’s most recently completed fiscal year and ending on the date of the Former Auditor’s resignation. There are no “reportable events” (as the term is defined in National Instrument 51-102) between the Company and the Former Auditor.

In accordance with the National Instrument 51-102, the notice of change of auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the board of directors and filed on SEDAR.

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

About Lupaka Gold

Lupaka is an active Canadian-based junior mining exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of North and South America.

FOR FURTHER INFORMATION PLEASE CONTACT:

Gordon Ellis, C.E.O.
gellis@lupakagold.com
Tel: (604) 985-3147 (ext 2)

or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in First Quantum Minerals' (TSE:FM) returns on capital, so let's have a look.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for First Quantum Minerals:

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

0.08 = US$1.8b ÷ (US$25b – US$2.3b) (Based on the trailing twelve months to June 2021).

Thus, First Quantum Minerals has an ROCE of 8.0%. On its own that's a low return, but compared to the average of 3.8% generated by the Metals and Mining industry, it's much better.

Check out our latest analysis for First Quantum Minerals

Above you can see how the current ROCE for First Quantum Minerals compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering First Quantum Minerals here for free.

How Are Returns Trending?

Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 8.0%. The amount of capital employed has increased too, by 29%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.

What We Can Learn From First Quantum Minerals' ROCE

In summary, it's great to see that First Quantum Minerals can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue.

One final note, you should learn about the 3 warning signs we've spotted with First Quantum Minerals (including 1 which is significant) .

While First Quantum Minerals may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.

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

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