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Smaller lithium stocks are attracting greater investor interest as underlying companies make progress.

Shares of The Mosaic Company (NYSE: MOS) traded at a new 52-week high today of $42.22. This new high was reached on below-average trading volume as 2 million shares traded hands, while the average 30-day volume is approximately 3.8 million shares.

In the past 52 weeks, shares of The Mosaic Company have traded between a low of $16.01 and a high of $42.22 and are now at $41.68, which is 160% above that low price.

Formed in 2004 by the combination of IMC Global and Cargill’s fertilizer business, Mosaic is a leading producer of primary crop nutrients phosphate and potash. The company’s assets include phosphate rock mines in Florida, Louisiana, Brazil, and Peru, and potash mines in Saskatchewan, New Mexico, and Brazil.

The Mosaic Company is currently priced 52.8% above its average consensus analyst price target of $19.66.

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OVERLAND PARK, Kan., October 12, 2021–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the appointment of Gareth Joyce to the company’s board of directors. Joyce brings extensive experience in the transportation sector, with a focus on electric vehicle battery technology and markets.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211012006130/en/

Gareth Joyce, newly appointed independent director for Compass Minerals (NYSE: CMP) (Photo: Business Wire)

"With Gareth’s appointment, we are pleased to add key expertise to the board in support of the company’s recently announced lithium development strategy," said Joe Reece, non-executive chairman of the board. "Gareth’s leadership in the electric vehicle battery sector, coupled with his hands-on knowledge of driving sustainable operations, will be an excellent addition to our board acumen as we maintain focus on maximizing value of our advantaged assets to benefit all stakeholders."

Joyce is currently the president of Proterra Inc, a leading commercial electric vehicle technology company. He was promoted to his current position in September 2021 after previously serving as president of Proterra’s Powered and Energy business units since November 2020. From 2016 to 2020, he served in a number of leadership roles at Delta Air Lines Inc., most recently as chief sustainability officer. Prior to his time at Delta, from 2004 to 2016, Joyce held roles of increasing responsibility at Daimler AG, including as president and CEO, Mercedes-Benz Canada, and vice president, customer service, Mercedes-Benz USA. Joyce has also served in a number of consulting and management positions in finance and other fields.

Joyce earned a Bachelor of Science in engineering at the University of the Witwatersrand and a Master of Commerce in business management at the University of Johannesburg, both in South Africa.

Joyce has been appointed to the Environmental, Health, Safety and Sustainability Committee and Nominating/Corporate Governance Committee of the board. With Joyce’s appointment, the board of directors has expanded from eight members to nine.

About Compass Minerals

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. Its salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial and agricultural applications. And its plant nutrition business manufactures products that improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, its specialty chemical business serves the water treatment industry and other industrial processes. The company operates 15 production and packaging facilities with more than 2,000 employees throughout the U.S., Canada, Brazil and the U.K. Visit compassminerals.com for more information about the company and its products.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the company’s current expectations and involve risks and uncertainties that could cause the company’s actual results to differ materially. The differences could be caused by a number of factors including those factors identified in the "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" sections of the company’s Annual and Quarterly Reports on Forms 10-K and 10-Q, including any amendments, as well as the company’s other SEC filings. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211012006130/en/

Contacts

Media Contact
Rick Axthelm
Chief Public Affairs and Sustainability Officer
+1.913.344.9198
MediaRelations@compassminerals.com

Investor Contact
Douglas Kris
Senior Director of Investor Relations
+1.917.797.4967
krisd@compassminerals.com

Energy Fuels (UUUU) closed the most recent trading day at $6.44, moving +1.42% from the previous trading session. This change outpaced the S&P 500's 0.69% loss on the day.

Coming into today, shares of the uranium and vanadium miner and developer had lost 8.24% in the past month. In that same time, the Basic Materials sector lost 4.01%, while the S&P 500 lost 2.58%.

Investors will be hoping for strength from UUUU as it approaches its next earnings release. On that day, UUUU is projected to report earnings of -$0.03 per share, which would represent year-over-year growth of 62.5%. Meanwhile, our latest consensus estimate is calling for revenue of $10.53 million, up 2049.39% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.21 per share and revenue of $18.38 million, which would represent changes of +8.7% and +1008.63%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for UUUU. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. UUUU is currently a Zacks Rank #3 (Hold).

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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MELBOURNE, Australia, October 11, 2021–(BUSINESS WIRE)–Rio Tinto’s vaccination hub at Perth Airport has opened today, enabling fly-in fly-out (FIFO) workers in the mining industry to easily access COVID-19 vaccination when they touch down in Perth.

Rio Tinto and Western Australia’s Department of Health partnered to establish the new hub, which will operate at Perth Airport T2 and T3 and is specifically designed to be accessible for FIFO workers from the resources sector travelling through Perth Airport.

The hubs are part of Rio Tinto’s commitment to help boost vaccination rates across the State. Rio Tinto has made the facility available to vaccinate workers in the mining FIFO community, regardless of the company they work for.

The opening of the clinic follows the WA Government’s announcement that vaccination would be mandatory for FIFO and other resources sector employees.

In addition, Rio Tinto announced that vaccination will be a requirement for its entire WA workforce, including those who work in offices and other facilities in Perth.

The Perth Airport vaccination clinics will operate on weekdays from 10am to 8pm with appointment times aligned to flight arrival times. Bookings are essential to avoid delays. Walk-in opportunities are limited based on daily vaccine availability.

In September, Rio Tinto opened vaccination clinics in Tom Price and Paraburdoo and is working with the WA Government to establish similar clinics in Pannawonica, Cape Lambert and Dampier to assist with the vaccination rollout.

Rio Tinto Iron Ore Chief Executive, Simon Trott, urged all eligible FIFO workers from across the sector returning to Perth book an appointment as soon as possible.

"We encourage workers in our sector to take advantage of the Perth Airport clinics, which are open to all FIFO workers. We know how critically important it is to boost vaccination rates in WA and are pleased to be able to welcome workers to the clinic.

"Following the WA Government’s announcement that vaccination will be mandatory for FIFO and other workers in WA’s resources sector, it’s important that workers in the sector book an appointment as soon as possible, and the Perth Airport clinic makes the process easy.

"Rio Tinto is proud to work with the WA Government to deliver these clinics and will continue to assist with boosting vaccination rates across WA."

Further information and bookings can be made via rollup.wa.gov.au.

Category: Pilbara

View source version on businesswire.com: https://www.businesswire.com/news/home/20211010005077/en/

Contacts

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

Media Relations, UK

Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas

Matthew Klar
T +1 514 608 4429

Investor Relations, UK

Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Media Relations, Australia

Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia

Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc

6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited

Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Planned investment sum 470 million euros, expected production start in 2024
Central component of the European battery value chain secures the lithium requirements of around 500,000 electric vehicles per year
Brandenburg's Economics Minister Steinbach: "With Rock Tech Lithium, we are strengthening our position as the future center of European e-mobility."

GUBEN, Germany, Oct. 10, 2021 /PRNewswire/ – Rock Tech Lithium Inc., a cleantech company with offices in Canada and Germany, is planning to build Europe's first lithium converter – a production plant for battery-grade lithium hydroxide – in Guben, Brandenburg.

The company intends to locate all production steps of lithium refining in one overall plant at the Guben site. The investment decision for all production steps still depends, among other things, on ongoing discussions regarding subsidies already applied for or still to be applied for. With its long industrial tradition and existing infrastructure, the region offers the best conditions for becoming a central component of the battery value chain and thus part of Brandenburg's e-mobility cluster. The planned total investment volume at the Guben site for all factory units is up to 470 million euros. With the entire plant in operation, around 160 technicians, engineers and production staff would be employed on site. Together, they would produce around 24,000 metric tons of lithium hydroxide per year. This would correspond to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

With the acquisition of the site in the Guben South industrial park, Rock Tech Lithium is now creating the basis for the planned converter construction. The site, which covers a total of around twelve hectares, offers extensive space for the construction of facilities for all individual production steps in lithium refining. The already good traffic connection will be further optimized by a possible rail connection. Rock Tech Lithium will seek a close exchange with authorities, experts and local stakeholders for the planning and approval process. The converter is scheduled to start operations in 2024. Locally sourced renewable energy is to be used for production. In order to acquire the site, Rock Tech will make a cash payment to the property owners totalling 1,130,877€ no later than six (6) months from the date of the agreement. The property owners are at arm's length to Rock Tech.

Dirk Harbecke, Chief Executive Officer of Rock Tech Lithium, explains, "We are becoming the lithium partner of the automotive industry and are building our own, previously non-existent infrastructure for battery-grade lithium hydroxide in Europe. Our goal is to be the first company worldwide to create a closed loop for lithium. Guben seems to us to be the ideal location for this, with subsidies also playing a significant role." By 2030, the cleantech company plans to obtain around 50 percent of the raw materials it uses from recycling spent batteries.

The EU Commission estimates that European lithium demand for e-car batteries alone will increase 18-fold by 2030 and as much as 60-fold by 2050. A sustainable and resilient raw material supply is thus becoming a strategically decisive factor for the automotive industry.

"With Rock Tech Lithium, we are strengthening our position as the future center of European e-mobility. Brandenburg will be home to the entire value chain in the future. From raw material processing to battery and cell production to e-car construction as well as battery recycling. In this way, we are once again clearly demonstrating our own claim that Brandenburg is a state of innovation. I am all the more pleased that Rock Tech Lithium has chosen Guben as an industrial location in the energy region of Lusatia. This is an important sign for the people of the region. The Lusatia structural process has begun and is showing its first positive results. Lusatia is and will remain an important energy region in Germany," explains Jörg Steinbach, Minister for Economic Affairs, Labor and Energy of the State of Brandenburg.

The decision in favor of Guben was preceded by a Europe-wide site search. In the end, the city of Guben came out on top due to its excellent conditions. Guben's mayor Fred Mahro is also pleased about the decision and explains: "The fact that we have found an investor so quickly for the recently decided expansion of our industrial area shows the great potential of our European city. The economic development agencies of the state, the district and the city have cooperated optimally and won a strong partner for Guben and our region with Rock Tech Lithium."

Harald Altekrüger, District Administrator of the Spree-Neiße District, adds: "The fact that Rock Tech Lithium has chosen our district is proof of our good work. In recent years, we have created structures that offer innovative companies good investment opportunities. We will continue to accompany the settlement and further development of Rock Tech Lithium with commitment."

Location at the industrial site Guben South (CNW Group/Rock Tech Lithium Inc.)

About Rock Tech Lithium Inc.

Rock Tech Lithium is a cleantech company with operations in Canada and Germany that will supply the automotive industry with high quality lithium hydroxide "made in Germany". As early as 2024, the company will commission Europe's first lithium converter with a production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

The cleantech company has set itself the goal of creating the world's first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake lithium project in Ontario, Canada and, as early as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.

Rock Tech Lithium is listed on the TSX Venture and Frankfurt stock exchanges. The company is led by Dirk Harbecke, Chairman & CEO, Stefan Krause, Chief Financial Officer, and Don Stevens, Chief Technology Officer and Esther Bahne as Chief Strategy & Marketing Officer.

Rock Tech Lithium – The fuel for the battery age

www.rocktechlithium.com

On behalf of the Board of Directors,

Dirk Harbecke
Chairman and 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 proceed with the planned investment of 470€ million contained herein, 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.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/drive-for-e-batteries-europes-first-lithium-hydroxide-converter-to-be-built-in-brandenburg-germany-301396650.html

SOURCE Rock Tech Lithium Inc.

Analysts expect lower trading volumes and potentially a quiet day ahead due to the Columbus Day holiday.

Traders operate in the Ring, the open trading floor of the new London Metal Exchange (LME) in central London on February 18, 2016.
The Ring has provided a transparent and robust price-discovery process for the global metals industry for 139 years. / AFP / LEON NEAL (Photo credit should read LEON NEAL/AFP via Getty Images) — London Metal Exchange, which was established in 1877, is the world’s oldest and largest market for industrial metals. Photo: Leon Neal/AFP via Getty Images

London Metal Exchange (LME) has teamed up with Germany’s Metalshub to establish an online spot trading platform for base metals.

The collaboration will start with low carbon aluminium early next year in an attempt to boost its sustainability drive.

Over the coming months, the exchange will undertake focused market engagement with its industrial user groups globally in order to develop a suitable product pipeline.

LME, which was established in 1877, is the world’s oldest and largest market for industrial metals. It said on Monday that it is beginning with aluminium because power is a major component in the smelting process, often up to 40%.

However, aluminium is important for the energy transition, including in the automotive industry where it is valued for its lightweighting properties in electric vehicles (EVs), LME said.

Its primary aluminium contract has the highest volumes of any contract traded on the exchange, however due to the coronavirus pandemic overall volumes have declined.

The LME temporarily closed its floor for open outcry trading for 18-months amid the health crisis, reopening only last month with a new structure. During the pandemic, the bourse shifted to an electronic system to determine daily benchmark prices.

Metalshub currently focuses on the steel industry, providing an array of ferroalloys as well as various base and minor metal products via its marketplace. Its second most traded product is nickel, which is also traded on the LME.

The German bourse expects its turnover to more than triple this year to around €1bn (£850m, $1.16bn) after attracting big clients such as miner Anglo American (AAL.L).

“We are delighted to be working with Metalshub to develop and support the delivery of digital spot trading services to our global industrial user base,” Robin Martin, LME head of market development, said.

“Physical metals trading needs are increasingly being met with digital solutions, which offer benefits such as transparency, efficiency and easily evidenced compliance with procurement requirements.

“As the global centre for industrial metals futures trading, the LME is well-positioned to work with the outstanding Metalshub management team, to help expand the Metalshub product base and develop its direct connectivity with the physical market.”

Watch: Why the LME Backtracked on closing trading floor for good

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Southern Copper (SCCO), which belongs to the Zacks Mining – Non Ferrous industry.

This miner has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 8.23%.

For the most recent quarter, Southern Copper was expected to post earnings of $1.15 per share, but it reported $1.21 per share instead, representing a surprise of 5.22%. For the previous quarter, the consensus estimate was $0.89 per share, while it actually produced $0.99 per share, a surprise of 11.24%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Southern Copper. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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.

Southern Copper has an Earnings ESP of +2.07% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

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Great Panther Mining Limited GPL produced 22,444 gold equivalent ounces in the third quarter of 2021, which was 44% lower than the year-ago quarter due to lesser output at all of its three wholly-owned mines — Tucano in Brazil, and Topia and the Guanajuato Mine Complex ("GMC") in Mexico. Production was primarily affected by maintenance issues at the Tucano mine, while output at Topia and the GMC mines were impacted by the implementation of the new labor laws in Mexico.

Total gold production at Tucano was 16,325 gold ounces in the third quarter, 49% lower compared to the third quarter of 2020. This was primarily due to equipment availability issues and the temporary halting in mining activities due to slope instability.

At Topia, total silver equivalent production was 242,028 silver equivalent ounces in the quarter, which was 37% lower than the year-ago quarter. Total silver equivalent production at GMC declined 17% year over year to 278,073 ounces, as production from historically mined areas and actual tonnages available were lower than estimated. The implementation of new labor laws in Mexico impacted output in both the mines as contractors adjusted to the new requirements.

Citing the lower-than-expected production in the third quarter, Great Panther Mining stated that it is currently in the process of reviewing its guidance for the full year.

The company informed that it has not yet been granted a permit from the Comisión Nacional del Agua ("CONAGUA") to expand the tailings storage facility (“TSF”) at the GMC. It only has sufficient capacity to continue milling operations until December 2021. Meanwhile, it is considering options that include processing ore at third-party facilities and longer-term tailings storage solutions.

The company is slated to release third-quarter financial results on Nov 3, 2021, after market close. Lesser production numbers, and lower gold and silver prices through the quarter are likely to reflect on results. The Zacks Consensus Estimate for the company’s sales for the quarter is currently pegged at $69.2 million, indicating a decline of 10% year over year. The estimate for earnings per share is at 3 cents, in-line with the last-year quarter.

Share Price Performance

Image Source: Zacks Investment Research

Great Panther’s shares have fallen 47.3% so far this year, compared with the industry’s decline of 22.9%.

Zacks Rank & Stocks to Consider

The company currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space include Nucor Corporation NUE, Methanex Corporation MEOH and Teck Resources Ltd TECK. All of these stocks sport a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Nucor has an estimated earnings growth rate of 537 % for the ongoing year. So far this year, the company’s shares have appreciated 99%.

Methanex has a projected earnings growth rate of 409% for 2021. The company’s shares have gained 85% so far this year.

Teck Resources has an estimated earnings growth rate of 309% for the current year. The company’s shares have increased 99% year to date.

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Great Panther Mining Limited (GPL) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

Methanex Corporation (MEOH) : Free Stock Analysis Report

Teck Resources Ltd (TECK) : Free Stock Analysis Report

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Zacks Investment Research

The Q3 earnings season is set to kick off this week with the banking sector slated to report numbers. Although Q3 earnings growth is expected to decelerate significantly from the breakneck pace in the first half, the earnings picture remains strong. Total S&P 500 earnings are expected to be up 26.1% from the same period last year on 13.9% higher revenues.

The earnings projection reflects the same growth expected at the start of Q3 despite the rising cost pressures amid supply-chain disruptions and labor/material shortages. This would follow the 95.0% earnings growth on 25.3% higher revenues in Q2.

Of the 16 Zacks sectors, 13 are expected to earn more relative to the year-ago quarter as autos and utilities are expected to report a decline in earnings. Transportation and energy will likely see huge earnings growth from the year-ago-quarter as transportation incurred loss of $1.8 billion and energy barely reported earnings. The other 11 sectors are expected to witness positive year-over-year earnings growth. Basic materials is expected to be the biggest contributor to S&P 500 earnings with 141.4% growth. This is likely to be followed by industrial products (25.7%), technology (21.2%) and finance (20.2%).

Given this, we have highlighted one ETF and one stock from the five sectors that could make great plays as the earnings season unfolds. These ETFs and stocks have a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.

For stocks, we have added the extra criterion of a positive Earnings ESP. The combination of a Zacks Rank #3 or better and a positive ESP increases the odds of an earnings beat by 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Transportation

Travel has rebounded strongly with more Americans getting vaccinated, business and economies have reopened, consumer confidence is growing. The transport sector is expected to post strong results on the back of these positives.

iShares U.S. Transportation ETF IYT: The ETF tracks the S&P Transportation Select Industry FMC Capped Index, giving investors exposure to a small basket of 48 securities. Within the transportation sector, railroads, and air freight and logistics take the top two spots with 33.3% and 26.7% share, respectively, while trucking (22.1%) and airlines (16.6%) round off the next two. The fund has $1.6 billion in AUM and trades in a good trading volume of around 201,000 shares a day. It charges 41 bps in fees per year and has a Zacks ETF Rank #2 with a High risk outlook (read: 5 ETFs to Cash In On Record High U.S. Household Net Worth).

TFI International Inc. TFII: This company is in the transportation and logistics industry. It identifies strategic acquisitions and manages a network of subsidiaries. The stock has a Zacks Rank #2 and an Earnings ESP of +7.84%. The Zacks Consensus Estimate for the to-be-reported quarter has been revised upward by a penny over the past seven days and has 38.3% expected earnings growth. Additionally, the company delivered a four-quarter earnings surprise of 28.12%, on average, and is scheduled to report earnings on Oct 28.

Energy

The energy sector has been benefiting from higher oil prices amid global supply concerns in crude, natural gas and coal markets. Added to the oil price strength is growing fuel demand. Overall demand for fuel has rebounded to the pre-pandemic levels.

Vanguard Energy ETF VDE: This fund manages $5.5 billion in its asset base and provides exposure to a basket of 95 energy stocks by tracking the MSCI US Investable Market Energy 25/50 Index. The product sees a good volume of about 1.1 million shares and charges 10 bps in annual fees. VDE has a Zacks ETF Rank #2 with a High risk outlook (read: 5 Best ETFs & Stocks of the Top Performing Energy Sector).

ConocoPhillips COP: It is primarily involved in the exploration and production of oil and natural gas. The stock has a Zacks Rank #1 and an Earnings ESP of +0.69%. The stock saw solid earnings estimate revision of 6 cents for the to-be-reported quarter over the past seven days and represents year-over-year growth of 564.5%. The company’s trailing four-quarter positive earnings surprise is 8.29% on average. The company is slated to release earnings results on Nov 12 before the opening bell.

Materials

The materials sector, which tends to be the most sensitive to global economic growth expectations, has been performing well with economic recovery gathering pace. The increase in prices of various types of raw materials added to the strength.

Materials Select Sector SPDR XLB: This is the most popular material ETF that follows the Materials Select Sector Index. It manages about $7.5 billion in its asset base and trades in volumes as heavy as around 6.6 million shares. In total, the fund holds about 28 securities in its basket and charges 12 bps in fees per year from investors. In terms of industrial exposure, chemicals dominates the portfolio with 68.7% share while metals & mining and containers & packaging round off the top three positions. The product has a Zacks ETF Rank #1 with a Medium risk outlook.

Teck Resources Ltd TECK: This company is engaged in exploring for acquiring, developing and producing natural resources in Asia, Europe and North America. The stock has a Zacks Rank #1 and an Earnings ESP of +9.27%. The stock has seen positive earnings estimate revision of 5 cents for the to-be-reported quarter over the past 30 days and delivered a four-quarter earnings surprise of 9.05%, on average. Its earnings are estimated to grow to 478% for the to-be-reported quarter. The company is slated to release earnings results on Oct 26 after the marker close.

Industrials

The optimism surrounding the reopening of global economies and increasing demand is painting a rosy picture for the cyclical sectors like industrials (read: Will Industrial ETFs Make Good Bets? Let's Find Out).

iShares U.S. Industrials ETF IYJ: This product gives exposure to U.S. companies that produce goods used in construction and manufacturing by tracking Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index. It is tilted toward capital goods’ companies at 40.4% while software services and transportation round off the next two spots with double-digit exposure each. The fund has an AUM of $1.6 billion and an average daily volume of around 80,000 shares. It charges 41 bps in annual fees and has a Zacks ETF Rank #2 with a Medium risk outlook.

Berry Global Group Inc. BERY: This company manufactures and distributes nonwoven specialty materials, engineered materials and consumer packaging products in the market. The stock has a Zacks Rank #2 and an Earnings ESP of +1.78%. It has witnessed no earnings estimate revision over the past 30 days and delivered a four-quarter earnings surprise of 17.67% on average. The company’s earnings are expected to decline 3.1% and is scheduled to report earnings on Nov 18.

Technology

The global digital shift has accelerated e-commerce for everything, ranging from remote working to entertainment and shopping. The rapid adoption of cloud computing, big data, IoT, wearables, VR headsets, drones, virtual reality, AI, machine learning, digital communication and 5G technology will continue to drive the sector higher.

Vanguard Information Technology ETF VGT: This fund manages $49.1 billion in its asset base and tracks the MSCI US Investable Market Information Technology 25/50 Index. The ETF has 0.10% in expense ratio while volume is solid at nearly 532,000 shares. It is a home to 342 stocks and has a Zacks ETF Rank #1 with a Medium risk outlook.

Texas Instruments Incorporated TXN: It is an original equipment manufacturer of analog, mixed signal and digital signal processing integrated circuits. The stock has a Zacks Rank #2 and an Earnings ESP of +9.22%. The stock saw positive earnings estimate revision of couple of cents for the to-be-reported quarter over the past 7 days and represents year-over-year growth of 42.1%. The company’s trailing four-quarter positive earnings surprise is 20.25% on average. The company is slated to release earnings results on Oct 26 after the closing bell.

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If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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 Anglo Pacific Group's (LON:APF) 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. The formula for this calculation on Anglo Pacific Group is:

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

0.052 = US$27m ÷ (US$532m – US$20m) (Based on the trailing twelve months to June 2021).

So, Anglo Pacific Group has an ROCE of 5.2%. In absolute terms, that's a low return and it also under-performs the Metals and Mining industry average of 18%.

See our latest analysis for Anglo Pacific Group

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

What Can We Tell From Anglo Pacific Group's ROCE Trend?

We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. The data shows that returns on capital have increased substantially over the last five years to 5.2%. Basically the business is earning more per dollar of capital invested and in addition to that, 93% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.

Our Take On Anglo Pacific Group's ROCE

A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Anglo Pacific Group has. And with a respectable 51% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. In light of that, we think it's worth looking further into this stock because if Anglo Pacific Group can keep these trends up, it could have a bright future ahead.

One more thing to note, we've identified 2 warning signs with Anglo Pacific Group and understanding these should be part of your investment process.

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.

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.

For Immediate Release

Chicago, IL – October 11, 2021 – Stocks in this week’s article are C.H. Robinson Worldwide, Inc. CHRW, ArcBest Corporation ARCB, AutoNation, Inc. AN, Phillips 66 PSX and Peabody Energy Corporation BTU.

Recent Analyst Upgrades Bring These 5 Stocks into the Limelight

With the third-quarter earnings season commencing shortly for most sectors, investors will look to add stocks to their respective portfolios, which have the potential to surpass earnings expectations in the to-be-reported quarter. Generally, an earnings outperformance results in stock price appreciation.

The task of selecting appropriate stocks from a plethora of options available in the stock market at a given point of time is anything but easy. The current scenario of the Delta-variant induced uncertainty made the task even more daunting. The procedure becomes further difficult when one tries to select a winning portfolio without proper guidance.

Time for Some Broker Advice?

In view of these unprecedented times and economic constraints, it is in the best interest of investors to be guided by the experts in the field. The concerned experts are brokers. Brokers, irrespective of their types (sell-side, buy-side or independent), undertake a thorough research of the stocks that they cover.

They have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.

Direction of Earnings Estimates Serves as a Proper Pointer

As brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and the cons of an event for the concerned company. Naturally, their estimate revisions serve as an important pointer regarding the price of a stock.

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

Do Not Ignore the Top Line

However, designing a strategy based solely on the bottom line is unlikely to lead to a winning approach. Actually, according to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. To address top-line concerns, we included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/amp/stock/news/1808244/recent-analyst-upgrade-brings-these-5-stocks-in-the-limelight

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

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Peabody Energy Corporation (BTU) : Free Stock Analysis Report

C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report

AutoNation, Inc. (AN) : Free Stock Analysis Report

Phillips 66 (PSX) : Free Stock Analysis Report

ArcBest Corporation (ARCB) : Free Stock Analysis Report

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Zacks Investment Research

ALABAMA GRAPHITE PRODUCTS TO PURCHASE 90,000 SQ FT OF INDUSTRIAL SPACE ADJACENT TO KELLYTON SITE

CENTENNIAL, Colo., October 11, 2021–(BUSINESS WIRE)–Westwater Resources Inc. (NYSE American: WWR) ("Westwater" or the "Company"), a battery-grade, natural graphite development company, is pleased to announce that its Board of Directors today approved expenditures of $202 million to execute the construction plan for Phase I of the Coosa Graphite Project located in Kellyton, Alabama. Construction activities are expected to begin before the end of 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211011005694/en/

Westwater Resources Inc. Coosa Graphite Project Site Plan (Graphic: Business Wire)

In addition, the Company’s Board of Directors approved the purchase of two buildings by its subsidiary, Alabama Graphite Products, LLC, that total 90,000 sq. ft. in size, to support the development of the Coosa Graphite Project. These buildings will be used for the Project’s administrative offices, laboratory, and warehousing space, and each are adjacent to the future processing plant. The purchase of these two buildings avoids the need for additional construction activities. The transactions are expected to close on or before October 14, 2021.

"With Westwater’s Board approval of the Project, we are proceeding directly to plant construction. Requests for proposals from contractors are in process, and construction is expected to start before the end of the year," said Chris Jones, President and CEO. "I am proud of this team’s efforts to bring this business plan a giant step closer to reality."

Westwater is an explorer and developer of US-based mineral resources essential to clean energy production in the United States. The Company plans to develop its Coosa Graphite Processing Facility (the "Project") to purify natural graphite concentrates and to produce battery ready graphite products. The Project will use state of the art technology and processing techniques to extract and refine graphite concentrates with 95-97% graphitic carbon (Cg) content to make Coated Spherical Purified Graphite ("CSPG") for Li-ion battery anodes.

PROJECT DEVELOPMENT PLAN

Phase I: In early 2023, the Project is expected to begin processing approximately 8,050 metric tons (mt) per year of graphite concentrate. Feedstock is anticipated to be supplied from outside sources until at least 2028. After processing and purification, and approximately 7,500 mt of two products would be available in the following quantities per year:

			3,700 mt per year
			3,800 mt per year

Phase II: Although not yet approved, the processing capacity of feedstock for the Project is planned to increase to approximately 35,200 mt per year in 2024. After processing and purification, approximately 32,400 mt of two products will be available in the following quantities:

			15,800 mt per year
			16,600 mt per year

PROJECT LOCATION

The property for the Project is located within the Lake Martin Regional Industrial Park, south of the town of Kellyton, in Coosa County, Alabama, and consists of approximately 73 acres. See our press release dated June 22, 2021. The nearest large population center is Alexander City, which lies approximately 5 miles southeast of the Project site.

PROPRIETARY TECHNOLOGY

Westwater has been working with third-party technology providers and equipment suppliers to develop the processes for purifying graphite to levels greater than 99.95% Cg and then processing that graphite into battery-grade CSPG. The result has been a unique, environmentally safe process utilizing relatively low temperatures and readily available industrial reagents. This process, for which WWR has made a patent application, is superior to processes used in China and elsewhere in terms of environmental safety. The Project, Phase I, is designed to process 8,050 metric tons per year of graphite.

COMMUNITY BENEFITS

Construction and operation of the proposed Coosa Graphite Processing Facility is expected to result in a positive effect on the socioeconomic characteristics of the regional area. The majority of beneficial effects would result from the employment of over 100 personnel once the Project is in operation.

PROJECT EXECUTION Summary

Underlying the Board’s decision is a definitive feasibility study (DFS) that was prepared by Samuel Engineering (SE) along with support from other contractors and Westwater personnel. In the DFS, SE developed a Level 2 execution schedule encompassing engineering, procurement, construction, and start-up of the first phase of the Coosa Graphite Processing Facility.

The critical path for plant construction and commissioning totals 17 months, supporting production in early 2023.

About Westwater Resources Inc.

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

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. Forward looking statements include, among other things, statements concerning the construction and operation of the Company’s Coosa Graphite Processing Facility and costs and schedules associated with them. The Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Westwater’s Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: (a) the Company’s ability to successfully construct and operate a commercial-scale plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19 and its potential impacts to the capital markets; (e) government regulation of the graphite industry and the vanadium industry; (f) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (g) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (h) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) new litigation or arbitration. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211011005694/en/

Contacts

Westwater Resources Inc.
Christopher M. Jones, President & CEO
Phone: 303.531.0480

Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

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

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

Study Scope Addresses Increased Customer Interest by Increasing Production Rates

CENTENNIAL, Colo., October 11, 2021–(BUSINESS WIRE)–Westwater Resources Inc. (NYSE American: WWR) ("Westwater" or the "Company"), a battery grade natural graphite development company, today is pleased to announce results from its Definitive Feasibility Study ("DFS") for its Coosa Graphite Project’s production facility that is planned for construction at a site located near Kellyton, Alabama. Alabama Graphite Products, LLC, a wholly owned subsidiary of WWR, will be the operator of this facility.

WWR is an explorer and developer of US-based mineral resources essential to clean energy production in the United States. The Company plans to develop its Coosa Graphite Processing Facility (the "Project") to purify natural graphite concentrates and to produce battery ready graphite products. The Project will use state of the art technology and processing techniques, for which the Company has applied for a patent, to extract and refine graphite concentrates with 95-97% graphitic carbon (Cg) content to make Coated Spherical Purified Graphite (ULTRA-CSPG™) for Lithium-ion batteries – critical components for electric vehicles.

Samuel Engineering, Inc. ("SE"), in conjunction with several technology and environmental services providers, namely Dorfner Analysenzentrum und Anlagenplanungs-gesellschaft mbH ("ANZAPLAN"), Harper International Corporation ("Harper"), Thompson Engineering, Inc. ("Thompson") and other technical consultants and service providers were contracted by Westwater to prepare a DFS to estimate the capital cost to design, procure, construct and commission the Project consisting of the Phase I facilities. The key objectives of the Project’s DFS were:

Define the key components of the technology providers equipment packages, as well as the other requirements of the facility.
Support the Project’s economic evaluation and assessment which was performed by Westwater.
Identify and assess the processes and facilities that provides the most favorable return on investment.
Establish a budget for financing and forecasting of the Project moving forward.

The overall capital cost of Phase I of the Project is estimated to be $202 million, staged over 17 months of construction.

"This has been a high-quality effort by the Westwater team, Samuel Engineering, Dorfner Anzaplan and Harper," said Chris Jones, President and CEO of Westwater. "The result is a first quality facility, well timed to take advantage of surging demand for Lithium-Ion batteries and the graphite that makes them work. The move to make these batteries in the US from domestic sources makes the Coosa Graphite Project even more important. We could not be more pleased with this effort and result."

The role of SE and the three third-party technology providers are noted below:

Samuel Engineering – organize, coordinate, and develop the overall DFS, to interconnect the equipment designed and supplied by the three third technology providers, and provide any remaining balance of plant design and components required for a fully operational facility.
ANZAPLAN – engineer and design of the chemical purification process, Spherical Purified Graphite ("SPG"), and sodium hydroxide recovery and wastewater treatment for the chemical purification process. The Purification process involves caustic roasting, caustic leaching, acidic leaching, and drying. SPG, an intermediate product that is later coated to make Coated Spherical Purified Graphite ("CSPG"), requires a staged milling operation consisting of size reduction (micronizing) milling and shaping (spheronizing).
Harper – design and pricing for two (2) vertical furnaces used in the thermal purification process.

The DFS pertains to Phase I of the Project. Westwater plans to develop the Project site in two phases (Phases I and II). A plan and design for Phase II is in place at a pre-feasibility level ("PFS"), and economics are presented for both of the phases. A third phase, involving the development of the Coosa Graphite Deposit near the Kellyton site, is under consideration.

PROJECT DEVELOPMENT PLAN

Phase I: Beginning in early 2023, the Project is expected to begin processing approximately 8,050 metric tons (mt) per year of graphite concentrate. Feedstock is anticipated to be supplied from outside sources until at least 2028. After processing and purification, approximately 7,500 mt of two products would be available in the following quantities:

•	CSPG:		3,700 mt per year
•	Fine Products from SPG milling:		3,800 mt per year

Phase II: The feedstock processing capacity of the Project is anticipated to increase to approximately 35,200 mt per year in 2024. Upon completion of Phase II, after processing and purification, approximately 32,400 mt of two products will be available in the following quantities:

•	CSPG:		15,800 mt per year
•	Fine Products from SPG milling:		16,600 mt per year

PROJECT LOCATION

The property for the Project is located within the Lake Martin Regional Industrial Park, south of the town of Kellyton, in Coosa County, Alabama, and consists of approximately 73 acres. Please see our Press Release dated June 22, 2021, for more detail. The nearest large population center is Alexander City, which lies approximately 5 miles southeast of the Project site.

PROPRIETARY TECHNOLOGY

Westwater has been working with third-party technology providers and equipment suppliers to develop the processes for purifying graphite to 99.95% Cg and then processing that graphite into battery grade Coated Spherical Purified Graphite. The result has been a unique, environmentally safe process utilizing relatively low temperatures and readily available industrial reagents. Westwater believes that this process, for which WWR has made a patent application, is superior to processes used in China and elsewhere in terms of environmental safety. Phase I of the Project is designed to process 8,050 metric tons per year of graphite.

COMMUNITY BENEFITS

Construction and operation of the proposed Graphite Processing Facility is expected to result in a positive effect on the socioeconomic characteristics of the regional area. Westwater projects that the majority of beneficial effects will result from the employment of over 100 persons once the Project is in operation.

PROJECT EXECUTION SUMMARY

In the DFS, Samuel Engineering has developed a Level 2 execution schedule encompassing engineering, procurement, construction, and start-up of Phase I of the Project.

The total estimated timeframe for construction of Phase I is estimated to be 17 months, made up of the four overlapping components below:

Detailed Design
Procurement
Construction
Commissioning and Startup

ESTIMATE ACCURACY AND CONTINGENCY ANALYSIS

The estimate in the DFS has been developed to a level sufficient to assess/evaluate the Project’s concept, various development options and overall viability. After inclusion of the recommended contingency and excluding any scope changes, the capital cost estimate for Phase I is considered to have a level of accuracy in the range of -10% to +15%.

Contingency is an allowance to cover unforeseen costs that may arise during the execution of the Project, which reside within the scope-of-work but cannot be explicitly defined or described at the time of the estimate due to lack of more detailed information. It is assumed that contingency will be spent; however, it does not cover any Project scope changes or exclusions.

Within the DFS, the contingency allowance has been assessed by considering the quality of scope definition, takeoff quantities, and pricing obtained for each major commodity of the estimate. Each component is assigned a percentage rate based on the best judgment of the project team.

In recognition of the degree of detail on which the estimate is based, a contingency of 14.6% has been included in the capital cost estimate for both Phase I and II.

ECONOMIC EVALUATION

The economic viability of the Project was evaluated by developing an Economic Model ("Model"). The Model was prepared on an annual basis for the project duration which includes Phase I and Phase II of the Project.

Phase I consists of the Coosa plant producing 3,700 mt per year of CSPG, the subject of the DFS.
Phase II consists of an expanded plant producing 15,800 mt per year of CSPG (PFS Level estimate)

The Model incorporated the annual figures for the feed purchase, operating costs, revenues from the sale of graphite products, as well as the capital expenditures. Based on the input parameters, the Model calculates the annual pre-tax cash flows, Net-Present-Value (NPV) of the project based on 8% discount rate (NPV-8), and the Internal Rate of Return (IRR). Two cases were evaluated by the Model. In the first case, the Model only included the Phase I of the project. In the second case, the overall project economics were evaluated by adding Phase II to the Model. The results for both cases are summarized below:

Case I: Phase I only – This case assumes the Project has a capacity of using 8,050 mt natural graphite feedstock to produce approximately 3,700 mt CSPG per year will operate for 35 years.

Project Duration: 35 years
Pre-Tax NPV-8 percent: $119 million
IRR: 15%
Annual Pre-Tax Cash Flow (After the year 2025): $24 million per year
Project Pre-Tax Cash Flow: $656 million.

Case II: Phase I and II. The Model assumes that the capacity of plant will increase to 35,200 mt of feedstock to produce 15,800 mt per year of CSPG product. Also assumed are $464 million in Capital Costs for Phase II.

Project Duration: 35 years
Pre-Tax NPV-8 percent: $767 million
IRR: 20.5%
Average Annual Pre-Tax Cash Flow (After the year 2025): $129 million
Project Pre-Tax Cash Flow: $3.7 billion

About Westwater Resources Inc.

Cautionary Statement Regarding Forward-Looking Statements

(a) the Company’s ability to successfully construct and operate a commercial-scale plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19 and its potential impacts to the capital markets; (e) government regulation of the graphite industry and the vanadium industry; (f) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (g) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (h) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) new litigation or arbitration; Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211011005691/en/

Contacts

Westwater Resources Inc.
Christopher M. Jones, President & CEO
Phone: 303.531.0480

Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

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

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

PITTSBURGH, Oct. 11, 2021 /PRNewswire/ — CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q3 2021 at 6:45 a.m. Eastern Time on Thursday, October 28. At that time, CNX will issue a brief press release containing a link to presentation materials providing a Q3 2021 update, which will be available on CNX's Investor Relations website. This release will be followed by a conference call and webcast.

Conference Call Information

CNX Resources (NYSE: CNX)

10:00 a.m. ET: Thursday, October 28
Dial-In: 855-656-0928 (domestic) 412-902-4112 (international)
Reference "CNX Resources Call"
Webcast: investors.cnx.com

A replay of the conference call and webcast will be maintained on the Investor Relations page on CNX's website.

About CNX Resources

CNX Resources Corporation (NYSE: CNX) is the premier independent natural gas development, production, and midstream company, with operations centered in the major shale formations of the Appalachian basin. Our vertically integrated model includes transmission, storage, gathering systems, and water infrastructure that support energy development from wellhead to end user. With the benefit of a more than 150-year legacy and a substantial asset base amassed over many generations, the company deploys a strategy focused on responsibly developing its resources to create long term per share value for its shareholders, employees, and the communities where it operates. As of December 31, 2020, CNX had 9.55 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information may be found at www.cnx.com.

CNX Resources Corporation logo (PRNewsfoto/CNX Resources Corporation,CNX…)

Cision

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SOURCE CNX Resources Corporation

TULSA, Okla., October 11, 2021–(BUSINESS WIRE)–Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its third quarter 2021 financial results before the market opens on Monday, October 25, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "investor information" section of ARLP’s website at http://www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13723742.

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basins.

ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.

In addition, ARLP also generates income from a variety of other sources.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at investorrelations@arlp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211011005084/en/

Contacts

Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673

The U.S. stock market fell on Monday, as higher commodity prices and bond yields weighed on stocks. Overall, “the move higher in global interest rates and commodity prices continues to be the focal point,” writes Michael Reinking, senior market strategist at New York Stock Exchange.

(Bloomberg) —

When Is Debt Dangerous?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, plenty of companies use debt to fund growth, without any negative consequences. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

Check out our latest analysis for Ferrexpo

What Is Ferrexpo's Debt?

The image below, which you can click on for greater detail, shows that Ferrexpo had debt of US$15.3m at the end of June 2021, a reduction from US$334.8m over a year. However, its balance sheet shows it holds US$234.7m in cash, so it actually has US$219.3m net cash.

A Look At Ferrexpo's Liabilities

The latest balance sheet data shows that Ferrexpo had liabilities of US$281.5m due within a year, and liabilities of US$39.4m falling due after that. On the other hand, it had cash of US$234.7m and US$249.7m worth of receivables due within a year. So it can boast US$163.4m more liquid assets than total liabilities.

This surplus suggests that Ferrexpo has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Simply put, the fact that Ferrexpo has more cash than debt is arguably a good indication that it can manage its debt safely.

Even more impressive was the fact that Ferrexpo grew its EBIT by 177% over twelve months. That boost will make it even easier to pay down debt going forward. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Ferrexpo's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.

But our final consideration is also important, because a company cannot pay debt with paper profits; it needs cold hard cash. While Ferrexpo has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. During the last three years, Ferrexpo produced sturdy free cash flow equating to 56% of its EBIT, about what we'd expect. This cold hard cash means it can reduce its debt when it wants to.

Summing up

While it is always sensible to investigate a company's debt, in this case Ferrexpo has US$219.3m in net cash and a decent-looking balance sheet. And it impressed us with its EBIT growth of 177% over the last year. So we don't think Ferrexpo's use of debt is risky. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet – far from it. For instance, we've identified 3 warning signs for Ferrexpo (1 doesn't sit too well with us) you should be aware of.

When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.

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

If you want to know who really controls Grange Resources Limited (ASX:GRR), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.

With a market capitalization of AU$642m, Grange Resources is a small cap stock, so it might not be well known by many institutional investors. In the chart below, we can see that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Grange Resources.

View our latest analysis for Grange Resources

What Does The Institutional Ownership Tell Us About Grange Resources?

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

We can see that Grange Resources does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Grange Resources, (below). Of course, keep in mind that there are other factors to consider, too.

Grange Resources is not owned by hedge funds. Shagang International (Australia) Pty Ltd is currently the company's largest shareholder with 26% of shares outstanding. With 22% and 6.7% of the shares outstanding respectively, Jiangsu Shagang Group Co., Ltd. and Cheung Ko are the second and third largest shareholders.

After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.

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

Insider Ownership Of Grange Resources

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

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

We can see that insiders own shares in Grange Resources Limited. It has a market capitalization of just AU$642m, and insiders have AU$61m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.

General Public Ownership

With a 29% ownership, the general public have some degree of sway over Grange Resources. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

It seems that Private Companies own 51%, of the Grange Resources stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Grange Resources you should know about.

Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials.

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

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

Teck Resources broke out above a 27.18 buy point.Copper (CPER) showing strength and this has exposure to coal boom as well.

(Bloomberg) —

What Does The Institutional Ownership Tell Us About New Hope?

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

We can see that New Hope does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see New Hope's historic earnings and revenue below, but keep in mind there's always more to the story.

New Hope is not owned by hedge funds. Washington H. Soul Pattinson and Company Limited is currently the company's largest shareholder with 40% of shares outstanding. With 7.4% and 4.8% of the shares outstanding respectively, L1 Capital Pty. Limited and Vinva Investment Management Limited are the second and third largest shareholders.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of New Hope

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

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

Our most recent data indicates that insiders own less than 1% of New Hope Corporation Limited. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around AU$21m worth of shares (at current prices). It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.

General Public Ownership

The general public, with a 22% stake in the company, will not easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Public Company Ownership

Public companies currently own 40% of New Hope stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with New Hope (at least 1 which doesn't sit too well with us) , and understanding them should be part of your investment process.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

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

Freeport-McMoRan Inc. (NYSE:FCX) is about to trade ex-dividend in the next 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Freeport-McMoRan's shares on or after the 14th of October, you won't be eligible to receive the dividend, when it is paid on the 1st of November.

The company's next dividend payment will be US$0.075 per share, and in the last 12 months, the company paid a total of US$0.30 per share. Last year's total dividend payments show that Freeport-McMoRan has a trailing yield of 0.9% on the current share price of $34.13. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Freeport-McMoRan can afford its dividend, and if the dividend could grow.

See our latest analysis for Freeport-McMoRan

Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Freeport-McMoRan is paying out just 7.7% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. What's good is that dividends were well covered by free cash flow, with the company paying out 2.5% of its cash flow last year.

It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

Have Earnings And Dividends Been Growing?

Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That's why it's comforting to see Freeport-McMoRan's earnings have been skyrocketing, up 56% per annum for the past five years. With earnings per share growing rapidly and the company sensibly reinvesting almost all of its profits within the business, Freeport-McMoRan looks like a promising growth company.

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Freeport-McMoRan's dividend payments per share have declined at 11% per year on average over the past 10 years, which is uninspiring. Freeport-McMoRan is a rare case where dividends have been decreasing at the same time as earnings per share have been improving. It's unusual to see, and could point to unstable conditions in the core business, or more rarely an intensified focus on reinvesting profits.

Final Takeaway

From a dividend perspective, should investors buy or avoid Freeport-McMoRan? Freeport-McMoRan has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. There's a lot to like about Freeport-McMoRan, and we would prioritise taking a closer look at it.

With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. For example – Freeport-McMoRan has 1 warning sign we think you should be aware of.

We wouldn't recommend just buying the first dividend stock you see, though. Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend.

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

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Summing up

What Does The Institutional Ownership Tell Us About Grange Resources?

Insider Ownership Of Grange Resources

General Public Ownership

Private Company Ownership

Next Steps:

What Does The Institutional Ownership Tell Us About New Hope?

Insider Ownership Of New Hope

General Public Ownership

Public Company Ownership

Next Steps:

Have Earnings And Dividends Been Growing?

Final Takeaway

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