/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./

TORONTO, Oct. 20, 2021 /CNW/ – First Cobalt Corp. (TSXV: FCC) (the "Company") is pleased to announce that it has received notice of the full exercise of a US$7.5 million option by investors in the Company's recently completed offering of 6.95% senior secured convertible notes due December 1, 2026 (the "Notes").

Pursuant to subscription agreements entered into between the Company and each investor on August 23, 2021 with respect to the Notes, each investor had the right to subscribe for additional Notes, pro rata, for an aggregate additional principal amount of up to US$7.5 million. The additional Notes are expected to be issued on October 22, 2021.

The offering of Notes was led by Cantor Fitzgerald & Co., as sole placement agent.

For additional information with respect to the Notes and the terms thereof, refer to the Company's news releases dated August 23, August 24, and September 3, 2021, the Company's material change report dated September 2, 2021, and the indenture governing the Notes, each of which is publicly available under the Company's SEDAR profile at www.sedar.com.

"We are happy to have the continued support from the Noteholders. This is a great vote of confidence in the team's ability to create long-term shareholder value as we continue to move our refinery project forward toward commissioning, set for Q4'2022; at which point we'll be North America's only source of high-quality, sustainable and traceable battery grade cobalt sulfate", said Chief Financial Officer, Ryan Snyder.

The Company intends to use the aggregate net proceeds of the option exercise for capital expenditures associated with the expansion and recommissioning of its wholly-owned hydrometallurgical refinery located in Ontario, Canada (the "Refinery"), including buildings, equipment, infrastructure, and other direct costs, as well as engineering and project management costs.

The securities offered 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 applicable U.S. state securities laws, and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer or sale would be unlawful.

About First Cobalt

First Cobalt's mission is to be a producer of diversified high-quality and sustainable battery materials for the North American battery supply chain. The Company owns a permitted hydrometallurgical refinery in Ontario, Canada, a critical asset in the development and manufacturing of batteries for electric vehicles. First Cobalt also owns the Iron Creek cobalt-copper project in Idaho, USA as well as several significant cobalt and silver properties in the Canadian Cobalt Camp.

On behalf of First Cobalt Corp.

Trent Mell
President & Chief Executive Officer

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

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward- looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Specifically, statements with respect to the use of proceeds of the exercise of the investor option, the development of the Refinery, and other matters ancillary or incidental to the foregoing are forward looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR at www.sedar.com, and are included in the Base Shelf Prospectus and the Prospectus Supplement. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE First Cobalt Corp.

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READING, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS) the global leader in stored energy solutions for industrial applications will host a conference call to discuss the Company’s second quarter of fiscal 2022 financial results and to provide an overview of the business. The call will conclude with a question and answer session.

The call, scheduled for Thursday, November 11, 2021 beginning at 9:00 a.m. Eastern Time, will be hosted by David M. Shaffer, Chief Executive Officer, and Michael J. Schmidtlein, Chief Financial Officer.

A live webcast of the conference call will be available on the Company’s website at http://www.enersys.com under the "Investor Relations" link. Presentation materials to be used in conjunction with the conference call will become available under the aforementioned link the evening before the conference call. There will be a free download of a compatible media player on the company’s website at http://www.enersys.com.

A replay of the conference call will be available from 12:00 p.m. on November 11, 2021 through 12:00 p.m. on December 11, 2021.

For more information, contact Michael J. Schmidtlein, Chief Financial Officer, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel: 610-236-4040 or by emailing investorrelations@enersys.com.

About EnerSys:

EDITOR'S NOTE: EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business.

More information regarding EnerSys can be found at www.enersys.com.

Vancouver, British Columbia–(Newsfile Corp. – October 20, 2021) – The board of International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce the completion of its transaction to sell its remaining interest in the Mariana project.

The Company announced on September 21, 2021 that it had contracted to sell its remaining 8.58% stake in Litio Minera Argentina S.A. and the Company's remaining rights and obligations related to the Mariana project to ILC's partner Ganfeng Lithium. The deal included confirmation that Litio Minera Argentina would assume all rights or obligations that the Company had in respect of the Mariana property. On October 4, 2021, the Company announced that it expected this sale to complete in mid-October. Completion has now taken place, and the Company has received from Ganfeng Lithium a net cash consideration of USD 10m being USD 13.17m less principal and interest on an exploration loan of USD 3.17m.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

"We are of course pleased that this transaction has now successfully completed, and that we have the cash resources to progress our other plans quickly without dependency on funding. ILC is now in by far the strongest financial position that it has been since its listing in 2011, and we look forward to building successfully on that both at our lithium and rubidium project at Raleigh Lake in Ontario and on our other present and future projects. Sincere thanks are due to those shareholders and colleagues who have helped the Company to progress to this point."

About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in this decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian Raleigh Lake property is strategic in that respect.

A key goal has been to become a well funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021, which is the subject of this announcement, the Board of the Company believe that ILC is well placed in that respect.

International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock Exchange.

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on identifying additional properties.

The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration results there so far, which are on only about 5% of ILC's current claims, has shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

Complementing the Company's rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

The ownership of the Mavis Lake project is now 51% Essential Metals Limited ("ESS") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC.

The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources, and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $ 10 million expenditures on exploration activities by September 2024 or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520

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.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Avalonia projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100288

DENVER, CO / ACCESSWIRE / October 20, 2021 / Solitario Zinc Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to announce that it has discovered multiple areas displaying significant gold mineralization at surface on its Golden Crest project. Based on these results, and its ongoing exploration program, Solitario has expanded its land position from approximately 11,600 acres to 18,500 acres of mineral rights located in western South Dakota.

Initial sampling has been conducted on nine prospect areas. Three of the prospect areas returned assays containing multi-gram per tonne gold, another three prospects returned assays containing between 0.1 and one-gram gold and the last three sampled areas contained assays with detectable gold between 10 and 100 ppb. The most thoroughly sampled areas to date are the Whirlwind, Matchstick and Treasure Vault prospects that define a 6.5-kilometer north-south arcuate trend at least 1.5-kilometers across with significant gold values. See Sample Location Map here). A summary table of gold in rock samples by prospect area is provided below:

"These assay results exceeded our expectations and further support our belief that significant gold deposits similar to Wharf District deposits are possible, if not likely, within the underlying Paleozoic-aged limestones on our property holdings. Additionally, Precambrian gold deposits similar to those of the Super Giant Homestake deposit are also possible," said Solitario President and CEO Chris Herald. "It is remarkable that within the 6.5-kilometer long Whirlwind-Matchstick-Treasure Vault trend that contains widespread multi-gram rock samples, not one historic prospect pit has been identified, much less more recognizable indications of earlier exploration, such as drilling. The altered and geochemically enriched surface rocks are not obviously mineralized and covered by vegetation and soil, which may explain the lack of past prospecting. The pathfinder trace elements arsenic, molybdenum, antimony and thallium are highly enriched, suggesting links to a major magmatic-hydrothermal system at depth. This is truly a new district-scale gold anomaly in the shadow of a Super Giant gold district."

"Adding the Golden Crest gold project to our two high-grade zinc assets, creates a company with a compelling value proposition in zinc and an exciting green fields gold exploration property situated in an exceptional emerging gold belt that is virtually unexplored," he added.

These mineral claims comprise a strategic land holding which Solitario believes represents a western extension of the mineralization at the Homestake-Wharf mining complex that has produced in excess of 50 million ounces of gold with another estimated 20-30 million ounces in historical resources (non-NI-43-101 compliant). The project area is in a historically mining-friendly jurisdiction with highly developed infrastructure, an unbroken 145-year record of continuous gold mining, a skilled mining workforce and a history of high-grade, underground mineable gold deposits.

Zinc Property Update

Regarding the zinc segment of our business, we note that zinc prices are recording multi-year high prices – in excess of $1.60 per pound. Over the next several weeks, we will be meeting with our two joint venture partners, Teck Resources (Lik high-grade zinc deposit) and Nexa Resources (Florida Canyon high-grade zinc deposit) to develop exploration plans for 2022.

Sampling Methodology, Chain of Custody, Quality Control and Assurance

All surface rock samples were collected or supervised by project geologists, including chain of custody. Samples were select grab samples that display alteration, usually silicification and hydrothermal brecciation. These samples were derived mainly from in-place residually weathered rock fragments, sub-crop, and less common, outcrop. The significance of these samples is limited to determining whether or not gold or trace elements usually associated with gold, were present within rocks affected by hydrothermal alteration fluids and does not verify economically mineable mineralization at depth.

Samples were sent to Skyline Assayers & Laboratories in Tucson, AZ. The samples were crushed, pulverized and sample pulps were analyzed using industry standard fire assay methods. A blank or certified reference material was inserted approximately every 20th sample. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.

Walter Hunt, COO of Solitario, is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects, responsible for approving the scientific and technical information contained in this news release.

About Solitario

Solitario is an emerging zinc and gold exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its newly acquired Golden Crest properties, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario's Management and Directors hold approximately 9.3% (excluding options) of the Company's 58.6 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.5 million. Additional information about Solitario is available online at www.solitariozinc.com.

For More Information Please Contact:

Valerie Kimball
Director – Investor Relations
(720) 933-1150
(800) 229-6827

Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws),that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical fact. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Forward-looking statements involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Solitario's Golden Crest land position does not cover any of the areas of historical gold production or historical unmined resources, but are thought to be on trend with these known areas of mineralization. The presence of nearby mineralization or formerly operated mines do not signify that economic deposits are present on the Company's mining claims. Certain historical information concerning exploration and gold production in the Black Hills region has been obtained through both public and private sources and are believed to be substantially factual, but Solitario can give no assurances of the accuracy of such information. Such forward-looking statements include, without limitation, statements regarding the Company's expectation of the projected timing and outcome of engineering studies; expectations regarding the receipt of all necessary permits and approvals to implement a mining plan, if any, at Lik or Florida Canyon; the potential for confirming, upgrading and expanding zinc, lead and silver mineralized material; future operating and capital cost estimates may indicate that the stated resources may not be economic; estimates of zinc, lead and silver grades of resources provided are predicted and actual mining grade could be substantially lower; estimates of recovery rates for could be lower than estimated for establishing the cutoff grade; and other statements that are not historical facts could vary significantly from assumptions made in the PEA. Although Solitario management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to risks that Solitario's and its joint venture partners' exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of zinc, lead and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; availability of outside contractors, and other activities; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; the possibility that environmental laws and regulations will change over time and become even more restrictive; and availability and timing of capital for financing the Company's exploration and development activities, including uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Solitario's filings with the U.S. Securities and Exchange Commission (the "SEC") including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

SOURCE: Solitario Zinc Corp.

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VANCOUVER, British Columbia, Oct. 19, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces a non-brokered private placement (the “Placement”) of up to 4,000,000 units (the Units”) at a price of $0.125 per Unit for total gross proceeds of up to $500,000 to fund drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Each Unit will consist of one common share of the Company and one half of one non-transferable share purchase warrant. Each whole warrant (a “Warrant”) will be exercisable to purchase one additional common share of the Company at a price of $0.20 during the first year, increasing to $0.25 in year two following the closing of the offering.

The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Inaugural annual report highlights company's philanthropic contributions and results

CHARLOTTE, N.C., Oct. 19, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that the Albemarle Foundation has released its first-ever annual Community Impact Report. The report offers insight into the Foundation's programs, distributions, and success stories in communities from around the world.

"In this Community Impact Report, we showcase remarkable efforts of our employees, retirees, board members and partner agencies to translate our mission into meaningful actions throughout 2020," said Sandra Holub, Executive Director, Albemarle Foundation. "It is inspiring to see this compilation of our company values in action to grow the good in our communities."

The Albemarle Foundation was created in 2007 as a privately endowed 501c3 entity with a mission to make a positive, sustainable difference in communities where the company operates. Its philanthropic efforts support education, health and social services, and cultural initiatives through grants, matching grants, volunteer grants, and scholarships. The Foundation also supports the Albemarle Care Fund to assist employees who have been impacted by catastrophic circumstances or natural disaster.

In 2020, the Albemarle Foundation distributed more than $5.6 million in grants. Since its inception in 2007, the organization has distributed more than $46 million in grants.

For a complete review of Albemarle Foundation's 2020 Community Impact Report, please visit https://www.albemarle.com/about/albemarle-foundation.

About Albemarle
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-foundation-publishes-2020-community-impact-report-301403902.html

SOURCE Albemarle Corporation

SAN DIEGO, October 19, 2021–(BUSINESS WIRE)–Shareholder rights law firm Robbins LLP announces it is investigating Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) to determine whether certain Piedmont officers and directors violated the Securities Exchange Act of 1934 and breached their fiduciary duties to the Company. Piedmont engages in the exploration and development of resource projects and holds a 100% interest in a lithium project covering 2,322 acres in North Carolina.

If you would like more information about Piedmont Lithium Inc.'s misconduct, click here.

Piedmont Lithium Inc. (PLL) is Accused of Misleading Investors Regarding its Timeliness in Obtaining Permits

According to a class action complaint filed on behalf of purchasers of Piedmont between March 16, 2018 and July 19, 2021, defendants touted its plan to mine in North Carolina and warned of the risks associated with the Company's failure to obtain the necessary permits. In 2019, the Company informed investors it had submitted "key permit applications," was in the process of "secur[ing] the necessary permits and approvals to commence mining and processing operations," and "look[ed] forward to deliver a DFS for a fully permitted integrated project by the end of 2020." However, by January 2021, the Company had not secured the proper permits to begin its project.

On July 20, 2021, Reuters published an article explaining that while the Company announced a deal to supply Tesla Inc. with lithium sourced from its deposits in North Carolina, it had done nothing to obtain state mining permits or zoning variance in Gaston County. The article also highlighted the deteriorating relationship between Piedmont and county leaders. On this news, Piedmont shares fell $12.56 per share, or nearly 20%, to close at $50.52 per share on July 20, 2021, damaging investors.

Piedmont Lithium Inc. (PLL) shareholders have legal options. If you own shares of Piedmont Lithium Inc., contact us to learn more about your rights.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas
(800) 350-6003
adumas@robbinsllp.com
Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Piedmont Lithium Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20211019006232/en/

Contacts

Aaron Dumas
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
adumas@robbinsllp.com
(800) 350-6003
www.robbinsllp.com

The lithium stock reversed losses from the previous day after yet another analyst turned bullish on electric vehicles.

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We note that Gem Diamonds Limited (LON:GEMD) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.

When Is Debt A Problem?

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. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. 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 step when considering a company's debt levels is to consider its cash and debt together.

View our latest analysis for Gem Diamonds

How Much Debt Does Gem Diamonds Carry?

The image below, which you can click on for greater detail, shows that Gem Diamonds had debt of US$14.7m at the end of June 2021, a reduction from US$23.6m over a year. But it also has US$33.9m in cash to offset that, meaning it has US$19.2m net cash.

A Look At Gem Diamonds' Liabilities

We can see from the most recent balance sheet that Gem Diamonds had liabilities of US$43.1m falling due within a year, and liabilities of US$112.0m due beyond that. Offsetting these obligations, it had cash of US$33.9m as well as receivables valued at US$6.55m due within 12 months. So its liabilities total US$114.6m more than the combination of its cash and short-term receivables.

This is a mountain of leverage relative to its market capitalization of US$116.4m. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution. Despite its noteworthy liabilities, Gem Diamonds boasts net cash, so it's fair to say it does not have a heavy debt load!

Even more impressive was the fact that Gem Diamonds grew its EBIT by 406% over twelve months. If maintained that growth will make the debt even more manageable in the years ahead. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Gem Diamonds'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.

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. Gem Diamonds may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. In the last three years, Gem Diamonds created free cash flow amounting to 4.2% of its EBIT, an uninspiring performance. That limp level of cash conversion undermines its ability to manage and pay down debt.

Summing up

Although Gem Diamonds's balance sheet isn't particularly strong, due to the total liabilities, it is clearly positive to see that it has net cash of US$19.2m. And it impressed us with its EBIT growth of 406% over the last year. So we don't have any problem with Gem Diamonds's use of debt. 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. Be aware that Gem Diamonds is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored…

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.

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.

PERTH, Australia, Oct. 18, 2021 (GLOBE NEWSWIRE) — Wyloo Metals Pty Ltd (“Wyloo Metals”) is pleased to announce it has reached an agreement with Noront Resources Ltd. (TSXV:NOT) (“Noront”) and formalized its offer to Noront shareholders as part of a comprehensive strategy to develop the Ring of Fire as a world-class Future Metals Hub.

Wyloo Metals’ superior offer is distinguished by several factors including offering shareholders true optionality alongside a superior cash offer. Pursuant to a statutory Plan of Arrangement under the Business Corporation Act (Ontario), each Noront shareholder will be given the option of (i) accepting cash consideration of Cdn$0.70 per share for some or all of their shares, and (ii) continuing to participate in Noront’s unrealized potential by remaining as a shareholder (the “Wyloo Offer”).

Wyloo Metals’ strategy will also see Noront revitalized under the leadership of a world-class Board of Directors led by Dr. Andrew Forrest AO, who has an unparalleled track record in the development of remote mining projects and a proud and continuing legacy of partnering with Indigenous and local communities. Dr. Forrest led Fortescue Metals Group (ASX: FMG) from a junior mining exploration company to one of the world’s largest mining companies.

Battery and hydrogen technologies are unleashing the full potential of renewable energy by making it available when and where it is required. These technologies, and the critical metals that they are built from, will positively impact future generations in ways we cannot yet imagine.

The Ring of Fire is home to expansive deposits of these metals and is ideally located near downstream markets, presenting a once-in-a-generation opportunity to transform Canada into a critical metals powerhouse.

Only Wyloo Metals' offer provides shareholders with the opportunity to share in that journey.

THE WYLOO OFFER IS SUPERIOR

There are four aspects of the Wyloo Offer that make it superior to the offer made by BHP Western Mining Resources International Pty Ltd (“BHP”):

• True optionality for Noront shareholders

  The underlying mineral value of the Ring of Fire is immense and, when developed, will support a multi-generational, critical metal mining district.

  Rather than forcing an all-or-nothing outcome upon Noront shareholders, the Wyloo Offer is a flexible proposal that allows shareholders to elect their preferred level of retained exposure to the immense future value of the Ring of Fire, while also providing an option to crystallize immediate cash value.

• A superior offer price

  The Noront Board of Directors has unanimously determined that the Wyloo Offer is superior. Consideration of Cdn$0.70 in cash per share represents a 192% premium to Noront’s unaffected closing price on May 21, 2021 and a 27% premium to the BHP offer of Cdn$0.55 in cash per share.

• Greater deal certainty

  Noront shareholders holding an aggregate of 10.3% of Noront’s common shares on a fully diluted basis, including certain Noront directors and senior management, will enter into lock-up agreements under which they agree to vote in support of the Plan of Arrangement. Together with Wyloo Metals, holders of 45.7% of Noront’s common shares on a fully diluted basis are supportive of the Wyloo Offer.

  Wyloo Metals does not intend to support any alternate offers for Noront. Without the support of Wyloo Metals’ 37.2% direct interest in Noront, a competing plan of arrangement cannot be successful and a competing take-over bid will be unlikely to meet any minimum tender condition.

• A world-class Board of Directors

  Noront will be revitalized under the leadership of a new Board of Directors, featuring some of the world’s most experienced mining leaders who are committed to deliver Noront’s true potential to its shareholders.

Wyloo Metals is the only bidder that can deliver this unique combination of benefits to Noront shareholders.

The Ring of Fire is a long-term mining district with a present-day value that is impossible to accurately quantify. Only the Wyloo Offer can provide Noront shareholders with comfort in the knowledge that they have received sufficient optionality and value for their ownership of Canada’s next great mineral hub."

Luca Giacovazzi, Head of Wyloo Metals

EXPECTED TIMING

Completion of the Wyloo Offer is expected to occur in December 2021. The Wyloo Offer is subject to BHP’s right to match period of 5 business days.

ADVISORS

Wyloo Metals has engaged Maxit Capital LP to act as its financial advisor and McCarthy Tétrault LLP to act as its legal advisor. Shorecrest Group has also been engaged to act as Wyloo Metals’ strategic communications advisor and proxy solicitation and information agent.

MEDIA CONTACT:

Andrew Bennett

M +61 427 782 503

P +61 8 6460 4949

E abennett@tattarang.com

AURORA STRATEGY SPOKESPERSON:

David Ellis

M 416 704 0937

P 416 704 0937

E davide@aurorastrategy.com

ABOUT WYLOO METALS

Wyloo Metals is the metals and mining subsidiary of Tattarang, one of Australia’s largest private investment groups. Led by a multidisciplinary team of geologists, engineers and financial professionals, Wyloo Metals manages a diverse portfolio of exploration and development projects and cornerstone interests in a number of public and private companies. Wyloo Metals seeks to work closely with all stakeholders to accelerate projects through the development cycle while meeting the highest international environmental, social and governance standards. See more at: www.wyloometals.com.

Wyloo Canada Holdings Pty Ltd (“Wyloo Canada”), a wholly owned subsidiary of Wyloo Metals, currently holds an aggregate of 208,434,427 common shares of Noront, representing approximately 37.24% of the outstanding common shares of Noront. Wyloo Canada also holds warrants (“Noront Warrants”) to acquire 1,774,664 common shares of Noront at an exercise price of Cdn$0.35 per share. If the Noront Warrants are also fully exercised, Wyloo Canada would hold 210,209,091 common shares of Noront, representing approximately 37.43% of the outstanding common shares of Noront on a partially diluted basis.

DISCLAIMER

Some of the statements in this press release may be forward looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Wyloo Metals does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Wyloo Metals and its affiliate companies be liable to anyone for any decision made or action taken in connection with the information and/or statements in this press release or for any related damages.

This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed under Noront’s profile on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of such report may be obtained by contacting Wyloo Metals at info@wyloometals.com. The address of Wyloo Metals is PO Box 3155, Broadway Nedlands, WA 6009 Western Australia.

• Noront Board of Directors unanimously determines Wyloo Metals Offer of C$0.70 per share to be a Superior Proposal

• Proposed consideration of C$0.70 in cash per share represents a 192% premium to Noront’s unaffected closing price on May 21, 2021 and a 27% premium to BHP’s C$0.55 per share offer

• BHP has five business days to match Wyloo’s offer

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) today announced it has settled the terms of a proposal from Wyloo Metals Pty Ltd. and Wyloo Canada Holdings Pty Ltd (together, “Wyloo Metals”) under which Wyloo Metals would acquire up to 100% of the common shares of Noront for C$0.70 in cash pursuant to a statutory plan of arrangement under the Business Corporation Act (Ontario) (the “Wyloo Offer”). The consideration of C$0.70 in cash per share under the Wyloo Offer represents a 192% premium to Noront’s unaffected closing price on May 21, 2021 and a 27% premium to the BHP Western Mining Resources International Pty Ltd (“BHP”) C$0.55 per share offer (the “BHP Offer”).

Under the proposed arrangement agreement between Noront and Wyloo Metals (the “Arrangement Agreement”), Noront shareholders would be entitled to elect to sell all or a portion of their common shares to Wyloo Metals for C$0.70 per share. Shareholders who opt to retain their Noront common shares would continue as common shareholders in the Company going forward.

The Noront Board of Directors, on the basis of a recommendation from independent directors comprising Noront’s Special Committee of the Board of Directors, and supported by advice from external financial and legal advisors, has unanimously determined that the Wyloo Offer constitutes a superior proposal as compared to the outstanding BHP Offer.

Noront CEO, Alan Coutts: “Based on an evaluation by the Special Committee and its advisors, the Noront Board of Directors has determined that Wyloo Metals’ proposal represents superior value for our shareholders, compared to the offer by BHP."

BHP Right to Match
Pursuant to the terms of the support agreement among Noront, BHP and BHP Lonsdale Investments Pty Ltd (the “Support Agreement”), once the Company has determined that a superior proposal has been received, BHP has the right, but not the obligation, to offer to amend the terms of the BHP Offer. BHP has five business days from receiving notice of the superior proposal in accordance with the terms of the Support Agreement to negotiate with Noront, should BHP decide to do so, to amend the terms of the existing Support Agreement such that the Wyloo Offer is no longer considered by the Noront Board of Directors to be superior to the amended BHP offer. The Noront Board of Directors will, in good faith, review any such amended offer by BHP in order to determine whether such amendment would result in the Wyloo Offer no longer being a superior proposal when assessed against any such amended BHP offer. If BHP does not exercise its right to match within the period provided for in the Support Agreement, the Support Agreement will be terminated in accordance with its terms and the Arrangement Agreement will be immediately entered into by the Company and Wyloo Metals.

If the Arrangement Agreement is entered into, Wyloo Metals has also agreed to provide a loan to Noront of up to C$23 million (the "Wyloo Loan") to finance, among other things, the termination payment of C$13 million payable to BHP upon the termination of the Support Agreement, as well as other transaction related costs. The term of the Wyloo Loan will be 12 months from completion of the Wyloo transaction, with interest of 5% per annum payable quarterly in either cash or common shares of Noront, at the option of Noront and subject to receiving shareholder approval for the payment of interest in common shares of Noront, and subject to the approval of the TSXV Venture Exchange.

It is expected that, if the Support Agreement is terminated, certain Noront shareholders, including Noront directors and senior management, will enter into lock-up agreements under which they will agree to vote in support of the Wyloo Offer. Wyloo Metals currently holds approximately 37.25% of the Noront common shares.

The terms of the Arrangement Agreement, if executed, will provide that Wyloo Metals will be entitled to a termination payment of C$17 million (equal to approximately 4% of the total equity value of the transaction based on 100% of Noront’s fully diluted shares outstanding) if the Arrangement Agreement is terminated in certain circumstances. This termination payment will not be payable if BHP elects to match the Wyloo Offer and Noront and Wyloo Metals therefore do not enter into the Arrangement Agreement.

There is no action for Noront shareholders to take today. If Noront enters into the Arrangement Agreement with Wyloo Metals, additional information will be provided to Noront shareholders in advance of a Special Meeting of Shareholders to vote on the plan of arrangement. The applicable materials will also be available under Noront's profile on SEDAR at www.sedar.com, and on Noront's website at www.norontresources.com. The Company will continue to provide updates as developments warrant.

The entering into of the Wyloo Loan between Wyloo Metals and Noront, is considered to be a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Wyloo Metals has beneficial ownership of, and control or direction over, directly or indirectly, securities of the Company carrying more than 20% of the voting rights attached to all of Noront's outstanding voting securities. The Company did not file the material change report more than 21 days before the expected completion of the Wyloo Loan as the details of the Wyloo Loan were not settled until shortly prior to the announcement of the Wyloo Loan. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on section 5.5(b) of MI 61-101 as the Company is not listed on a specified market under MI 61-101. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(f) of MI 61-101.

Advisors
TD Securities Inc. is acting as financial advisor, Bennett Jones LLP is acting as legal counsel and Longview Communications & Public Affairs is acting as communications advisor to Noront.

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

Forward Looking Statements
Certain statements contained in this news release contain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information and statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: the Wyloo offer; the BHP Offer; and the BHP right to match.

Although Noront believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of the Special Committee of Noront as of the date hereof. Noront cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within the control of Noront, BHP, BHP Lonsdale Investments Pty Ltd or Wyloo Metals, and there is no assurance that they will prove correct. Consequently, there can be no assurance that the actual results or developments anticipated by Noront will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, Noront or its future results and performance.

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

Neither the TSX 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.

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.

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SOURCE Rock Tech Lithium Inc.

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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.

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Suggested Articles:

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

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Investors interested in Chemical – Diversified stocks are likely familiar with Arkema SA (ARKAY) and FMC (FMC). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Currently, Arkema SA has a Zacks Rank of #2 (Buy), while FMC has a Zacks Rank of #5 (Strong Sell). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that ARKAY has an improving earnings outlook. But this is just one piece of the puzzle for value investors.

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

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

ARKAY currently has a forward P/E ratio of 12.02, while FMC has a forward P/E of 13.53. We also note that ARKAY has a PEG ratio of 0.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FMC currently has a PEG ratio of 1.23.

Another notable valuation metric for ARKAY is its P/B ratio of 1.44. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, FMC has a P/B of 3.76.

These metrics, and several others, help ARKAY earn a Value grade of A, while FMC has been given a Value grade of C.

ARKAY has seen stronger estimate revision activity and sports more attractive valuation metrics than FMC, so it seems like value investors will conclude that ARKAY is the superior option right now.

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Zacks Investment Research

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) is pleased to announce that it has closed the second and final tranche of its $10 million subscription receipts private placement announced July 12, 2021.

William Randall, President and Chief Executive Officer of the Company, commented, “Given the continued international interest in the Pastos Grandes basin, closing this second and final tranche is a key step, as it provides Arena with funds to initiate an aggressive resource definition drill program. The Sal de la Puna Project is a key claim block in the basin, not only its lithium brine resource potential and extensive land position, but also its potential large freshwater resources. Along with our partners Ganfeng Lithium, we are in the final stages of planning our upcoming drill program and will be communicating the commencement of exploration activities in the near future.”

Private Placement

The Company has closed the second and final tranche of its private placement announced on July 12, 2021. In the first tranche, which closed and was announced on July 26, 2021, the Company issued 42,857,143 units to Lithium Americas Corporation ("Lithium Americas") (TSX: LAC; NYSE: LAC) for aggregate consideration of $6 million. In the second and final tranche, the Company issued a total of 28,571,428 units for an aggregate consideration of $4 million including 26,678,571 units to GFL International Co. Ltd., a subsidiary of Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”) (1772.HK; OTCQX: GNENF), for a further consideration of $3.735 million.

Post closing of this placement, Lithium Americas held 42,857,143 common shares and 21,428,571 warrants, and Ganfeng Lithium held 66,226,146 common shares and 33,113,072 warrants. The common shares, warrants and any shares issued upon the exercise of the warrants (the “Placement Securities”) issued to Lithium Americas in the first tranche closing are subject to a hold period ending on November 27, 2021. The Placement Securities issued or issuable to Ganfeng Lithium pursuant to the second closing are subject to a four month hold period expiring on February 15, 2022.

Sal de la Puna Joint-Venture

Arena and Ganfeng Lithium have entered into a joint venture for the exploration and development of the Sal de la Puna project, holding 65% and 35%, respectively, in a newly incorporated joint venture company through which the project is held. Ganfeng Lithium contributed USD $7,789,055 to acquire its stake in the joint venture through the exercise of its right to acquire a 35% interest in any project acquired by Arena (see Arena’s news release of February 4, 2021). The joint venture agreement provides for the funding of the project by the parties in proportion to their respective interests, which interests are subject to adjustment in the event that a party does not contribute its share of such funding. The joint venture company has a board comprised of two nominees of Arena and one nominee of Ganfeng, and a management committee comprised of two representatives of each shareholder, who are entitled to vote in proportion to the shares held by their nominating shareholders. As long as a shareholder holds at least 20% of the joint venture company’s shares, unanimous management committee approval is required for a variety of matters relating to the business of the joint venture company, including the approval of or any changes to budgets or work programs, the replacement of the operator, and various significant transactions, major expenditures, or changes to the joint venture company or its business.

Corporate Matters

The Company has engaged OGIB Corporate Bulletin Ltd and Bull Markets Media GmbH to provide investor awareness services.

About Arena Minerals Inc.

Arena owns 65% of the Sal de la Puna Project covering approximately 11,000 hectares of the Pastos Grandes basin located in Salta, Argentina. The claims are highly prospective and share the basin with two advanced lithium brine projects. In addition to Sal de la Puna, the Company owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products.

Arena also owns 80 percent of the Atacama Copper property within the Antofagasta region of Chile, and 5.8 million shares of Astra Exploration. The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district.

To view our website, please visit www.arenaminerals.com. In addition to featuring information regarding the Company, its management, and projects, the site also contains the latest corporate news, a long form text explaining the unique business model of the Company (under the tab "the Company Explained") and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or wrandall@arenaminerals.com.

On behalf of the Board of Directors of: Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muerto or Pocitos Projects in Argentina, and the Company's ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", 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". The statements made herein 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 the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Albemarle (ALB), which belongs to the Zacks Chemical – Diversified industry, could be a great candidate to consider.

When looking at the last two reports, this specialty chemicals company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 23.23%, on average, in the last two quarters.

For the last reported quarter, Albemarle came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.83 per share, representing a surprise of 7.23%. For the previous quarter, the company was expected to post earnings of $0.79 per share and it actually produced earnings of $1.10 per share, delivering a surprise of 39.24%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Albemarle. 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.

Albemarle currently has an Earnings ESP of +2.46%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on November 3, 2021.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's 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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Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI) (OTCQB:LIACF) (Frankfurt:5LA1) is pleased to announce that it has entered into an agreement with Eight Capital, on behalf of a syndicate of agents including Echelon Wealth Partners Inc. and TD Securities Inc., as co-lead agents and joint bookrunners (together the “Agents”) pursuant to which the Corporation has launched a private placement of up to 7,548,000 units (the “Units”), at an offering price of $2.65 per Unit (the “Issue Price”), for aggregate gross proceeds of up to $20,002,200 (the “Offering”).

Each Unit will be comprised of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $4.00 per Share, for a period of 24 months following the closing of the Offering.

The Corporation has also granted the Agents an option to offer for sale up to an additional 1,887,000 Units at the Issue Price, exercisable at any time until 48 hours prior to Closing, to cover over-allotments, if any.

The gross proceeds of the Offering will be used for exploration and development of the Company’s TLC Project, Falchani Project and the Macusani Project, and for working capital and general corporate purposes.

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

The Offering is scheduled to close on or about November 3, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange. All securities to be issued in connection with the Offering will be subject to a statutory hold period expiring four-months-and-one-day following closing of the Offering.

About American Lithium

American Lithium, a member of the TSX Venture 50, is actively engaged in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on enabling the shift to the new energy paradigm through the continued exploration and development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been through preliminary economic assessments, exhibit strong additional exploration potential and are situated near significant infrastructure.

The TSX Venture 50 is a ranking of the top performers in each of industry sectors in the TSX Venture Exchange over the last year.

For more information, please contact the Company atinfo@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.

Follow us on Facebook, Twitter and LinkedIn.

On behalf of the Board of Directors of American Lithium Corp.

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.

Email: info@americanlithiumcorp.com

Website: www.americanlithiumcorp.com

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

Forward-Looking Statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Statements in this release that are forward-looking information, include, without limitation, use of proceeds from the placement. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed Annual Information Form and MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

NEW YORK, October 14, 2021–(BUSINESS WIRE)–Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today announced that Krishna McVey has joined the Company as Vice President of Human Resources. Reporting to Chief Executive Officer, Keith Phillips, Ms. McVey brings a broad, multi-dimensional background in human resources to Piedmont that includes experience in all aspects of labor and employment law and human capital management. Over her career Ms. McVey has led several complex, transformational organizational initiatives, as well as leading talent acquisition and management, design and implementation of compensation performance systems, and the formulation of a wide range of organizational policies for multinational, multi-business unit companies.

"Kris is a welcome addition to our expanding leadership team, and we feel extremely fortunate to have someone with her background and unique skillset join the Piedmont family," said CEO, Keith Phillips. "As we evolve from a pre-production, pre-revenue company, to a global, multi-asset organization with a growing workforce that could reach nearly 500 teammates, Kris’ diverse, international leadership experience will be invaluable in helping us build a world-class company, with a world-class culture, and world-class HR systems and practices."

Ms. McVey joins Piedmont from TC Transcontinental Packaging where she rose from Global Director of Human Resources to Vice President of Human Resources and U.S. Labor Relations. In her most recent role, she oversaw all human resources activities for TC’s largest consumer packaging segment, including cultural change management initiatives, and labor relations strategies in the U.S. and Canada. Prior to her time at TC Transcontinental, she had a 15-year career with Michelin with positions in both France and North America. She began her tenure at Michelin as Associate General Counsel, then progressed through the organization to become Director of Human Resources with the Aircraft Tire Division of Michelin North America where she developed policies and procedures for both the hourly and salaried population of the 500-employee operation. Ms. McVey began her career in private practice with the law firm Edwards Ballard where she represented a variety of private and public employers developing human resources policies and diversity programs, while providing extensive legal training to clients in all areas of human resources and employee relations.

Ms. McVey earned her Juris Doctor in Labor and Employment Law from the University of South Carolina School of Law, her Master of Human Resources from the Darla Moore School of Business at the University of South Carolina, as well as her Bachelor of Arts (French) degree from the University of South Carolina. Over her career, Ms. McVey has served on the Board of several philanthropic and community organizations, including SAFE Homes/Rape Crisis, the United Way of Stanly County, and the Centralina Workforce Development Board.

About Piedmont Lithium

Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in-demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005197/en/

Contacts

Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com

Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

100% Owned Keymet Precious & Base Metal Property, New Brunswick

VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / GREAT ATLANTIC ESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it is completed the 2021 diamond drilling program at its Keymet Base Metal – Precious Metal Project, located in Northern New Brunswick. The drilling program, consisting of 10 holes (2,061 meters) tested testing numerous targets in the northwest region of the property. Veins containing semi-massive sulfides (including copper, zinc and lead sulfides) and arsenopyrite (an indicator for potential gold mineralization) were intersected in multiple holes. Analytical results are pending.

Sphalerite mineralization in drill hole Ky-21-30

The ten drill holes (Ky-21-23 to Ky-21-32) tested areas of polymetallic (zinc, copper, lead and silver) veins; untested electromagnetic anomalies; and gold bearing bedrock and float.

The Company previously discovered high grade gold, silver, copper and zinc in this region, including a drill intercept of 9.04% zinc, 9.19% copper and 1,158 gams per tonne (g/t) silver over 3.00 meters core length and a boulder sample returning 51 grams / tonne (g/t) gold.

Seven drill holes intersected veins hosting copper, zinc and / or lead sulfide mineralization, including veins with semi-massive sulfides. These include drill holes Ky-21-23 which tested the possible extension of the Elmtree Silver Mine vein occurrence southeast of the historic shaft; Ky-21-25 which tested a new target area; Ky-21-27, Ky-21-28, Ky-21-30, and Ky-21-31 which tested the Elmtree 12 polymetallic vein system; and Ky-21-29 which was the first drill hole into an electromagnetic anomaly.

Six drill holes (Ky-21-25 to Ky-21-30) intersected intervals with arsenopyrite mineralization. Previous work by the Company has identified gold mineralization associated with arsenopyrite mineralization in this region of the property.

The drill core is being geologically logged and with mineralized intervals (with base metal sulfides and arsenopyrite) being sampled. Half core samples will be submitted to an independent laboratory for multi-element analysis (including gold, zinc, copper, lead and silver).

High grade silver and lead is reported at the Emtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development.

Great Atlantic discovered high-grade zinc, copper and silver mineralization at the Emtree 12 polymetallic vein system during 2015 – 2018 drilling programs including:

• Ky-15-3: 16.68% Zn, 1.11% Cu, 0.44% Pb and 152 g/t Ag over 1.80 meters.

• Ky-15-4: 8.68% Zn, 0.29% Cu, 0.20% Pb and 44 g/t Ag over 4.28 meters.

• Ky-17-6: 7.67% Zn, 1.57% Cu, 0.48% Pb and 209 g/t Ag over 4.95 meters.

• Ky-18-10: 7.91% Zn, 0.53% Cu, 0.21% Pb and 77 g/t Ag over 3.27 meters.

• Ky-18-12: 8.90% Zn, 3.81% Cu, 0.60% Pb and 157 g/t Ag over 1.20 meters.

• Ky-18-14: 9.04% Zn, 9.19% Cu, 2.16% Pb and 1,158 g/t Ag over 3.00 meters.

• Ky-18-14: 12.08% Zn, 0.31% Cu, 0.30% Pb and 59 g/t Ag over 4.50 meters.

The Company is also conducting prospecting and rock / soil geochemical sampling during 2021 in the central region of the property with a focus on gold. The 2021 exploration program at the Keymet Property is being managed by a Qualified Person.

Historic Keymet Base Metal – Silver Mine (1950s)- burnt down and was never recapitalized
Located 8KM away from the previous operating
Nigadoo Mine that operated for over twenty years

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

Historic gold bearing samples and gold soil anomalies referred to in the news release have not been verified by a Qualified Person.

The Keymet Property covers an area of approximately 3,400 hectares and is 100% owned by the Company.

On Behalf of the board of directors

"Christopher R Anderson"
Mr. Christopher R. Anderson

"Always be positive, strive for solutions, and never give up"
President CEO Director

Investor Relations:
Andrew Job
1-416-628-1560
IR@GreatAtlanticResources.com
Office Line 604-488-3900

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

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

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

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/668119/Great-Atlantic-Completes-Drilling-Program-Intersects-Base-Metal-Sulfides-in-Semi-Massive-Sulfide-Veins-and-Indicator-Mineral-for-Gold-Mineralization

Lithium stock investors owe thanks to California Gov. Gavin Newsom. Last weekend, the Democratic governor signed into law a ban on the sale of new lawn mowers and other off-road equipment with small gas-powered engines, to take effect as early as 2024. This news is providing a tailwind this week for lithium stocks.

TORONTO, Oct. 14, 2021 /CNW/ – First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the "Company") is pleased to announce that it has received the second of three required permit amendments to recommission its hydrometallurgical refinery in Canada. Receipt of the Air & Noise Environmental Compliance Approval from the Ontario Ministry of the Environment, Conservation and Parks is yet another key milestone in the advancement of the Company's North American battery materials strategy.

HIGHLIGHTS

• The Air & Noise Permit is the second of three permit amendments to be approved in support of the Company's plans to produce North America's only supply of battery-grade cobalt for the electric vehicle market

• The third and final permit amendment has undergone community consultations, has been submitted to the Ministry for review and final approval is expected shortly

• The US$60 million facility expansion remains on schedule to be commissioned in Q4'2022

• Once commissioned, First Cobalt expects its hydrometallurgical refinery to have peer leading ESG credentials, with the lowest Scope 1 and Scope 2 emissions in the industry

Trent Mell, President & CEO commented, "In the first half of 2021, sales of electric vehicles in the U.S. were up more than 130% and that trend could accelerate with several new EV models hitting the market. With financing in place, receipt of this latest permit keeps us on schedule for Phase 1 of our North American Battery Materials Park strategy. By the end of 2022, we will be the only producer of battery-grade cobalt sulfate in North America. In 2023, Phase 2 will entail commercial-scale battery recycling from the same facility, leveraging existing personnel and infrastructure. In Phase 3, we will set our sights on building a nickel sulfate plant, once again becoming the sole North American supplier of an important raw material for the EV industry."

The Company will continue to update the market as key construction and commercial milestones are achieved.

About First Cobalt

First Cobalt's mission is to be a producer of diversified high-quality and sustainable battery materials. The Company owns a permitted North American hydrometallurgical refinery, a critical asset in the development and manufacturing of batteries for electric vehicles. First Cobalt owns the Iron Creek cobalt-copper project in Idaho, USA as well as several significant cobalt and silver properties in the Canadian Cobalt Camp.

On behalf of First Cobalt Corp.

Trent Mell
President & Chief Executive Officer

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

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE First Cobalt Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/14/c5767.html

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

VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI) (OTCQB:LIACF) (Frankfurt:5LA1) is pleased to announce that, in connection with its previously announced private placement offering of units (“Units”), it has entered into an amended agreement with Eight Capital, on behalf of a syndicate of agents including Echelon Wealth Partners Inc. and TD Securities Inc., as co-lead agents and joint bookrunners (together the “Agents”) pursuant to which the Corporation has increased the size of the private placement to up to 13,208,000 Units at an offering price of $2.65 per Unit (the “Issue Price”), for aggregate gross proceeds of up to $35,001,200 (the “Offering”), to accommodate investor demand.

Each Unit will be comprised of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $4.00 per Share, for a period of 24 months following the closing of the Offering.

In connection with the up-size, the Agents will no longer have an over-allotment option to increase the size of the Offering beyond the current Offering size.

The gross proceeds of the Offering will be used for exploration and development of the Company’s TLC Project, Falchani Project and the Macusani Project, and for working capital and general corporate purposes.

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

The Offering is scheduled to close on or about November 3, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange. All securities to be issued in connection with the Offering will be subject to a statutory hold period expiring four-months-and-one-day following closing of the Offering.

About American Lithium

American Lithium, a member of the TSX Venture 50, is actively engaged in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on enabling the shift to the new energy paradigm through the continued exploration and development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been through preliminary economic assessments, exhibit strong additional exploration potential and are situated near significant infrastructure.

The TSX Venture 50 is a ranking of the top performers in each of industry sectors in the TSX Venture Exchange over the last year.

For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.

Follow us on Facebook, Twitter and LinkedIn.

On behalf of the Board of Directors of American Lithium Corp.

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.

Email: info@americanlithiumcorp.com

Website: www.americanlithiumcorp.com

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

Forward-Looking Statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Statements in this release that are forward-looking information, include, without limitation, closing of the Offering and use of proceeds from the Offering. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed Annual Information Form and MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Vancouver, British Columbia–(Newsfile Corp. – October 14, 2021) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) ("Millennial" or the "Company") announced on September 28, 2021 that it had entered into a definitive arrangement agreement with Contemporary Amperex Technology Co., Ltd. ("CATL") dated September 28, 2021 (the "Arrangement Agreement") pursuant to which CATL has agreed to acquire all of the outstanding common shares of Millennial ("Common Shares") by way of a plan of arrangement (the "Arrangement").

Millennial is pleased to announce that it has received an interim order of the British Columbia Supreme Court authorizing and approving various matters in connection with the Arrangement under the Business Corporations Act (British Columbia) including the holding of a special meeting to approve the Arrangement.

The Arrangement is subject to the approval of: (i) 66^2/3% of votes cast by holders of Common Shares ("Shareholders"); (ii) 66^2/3% of votes cast by Shareholders and holders of Common Share purchase warrants (together with Shareholders, "Voting Securityholders") voting together as a single class; and (iii) a simple majority of the votes cast by Shareholders excluding for this purpose the votes cast by any persons that are required to be excluded under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, at a special meeting of Voting Securityholders to be held on November 15, 2021 (the "Meeting"). All directors and senior officers of Millennial have entered into support and voting agreements pursuant to which they have agreed to vote their Common Shares in favour of the Arrangement.

It is anticipated that the management information circular for the Meeting, which contains further details of the Arrangement, will be mailed on or before October 25, 2021.

In addition to Voting Securityholder approval, the Arrangement is also subject to the receipt of Investment Canada Act (Canada) approval, court approval and other closing conditions customary in transactions of this nature.

Additionally, earlier this week the Company, CATL and Canada Brunp Contemporary (Investment) Ltd., a subsidiary of CATL incorporated under the laws of British Columbia (the "Purchaser") entered into an assignment and amendment agreement (the "Assignment and Amendment"). Under the terms of the Assignment and Amendment, CATL assigned all of its rights and obligations under the Arrangement Agreement to the Purchaser and confirmed that it is liable for the due and punctual performance by the Purchaser in respect of all of its obligations and liabilities under the Arrangement Agreement. The Assignment and Amendment Agreement also amended the Arrangement such that upon completion of the Arrangement, Millennial will merge with the Purchaser and thereafter become a subsidiary of CATL.

About Millennial

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

About CATL

CATL is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2020, CATL's EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy, and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including battery chemistry system, structure system, manufacturing system and business models.

MILLENNIAL LITHIUM CORP.

"Farhad Abasov"

President, CEO and Director

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the Arrangement, the anticipated Meeting date and completion of the Arrangement. The Company's current plans, expectations and intentions may be impacted by economic uncertainties arising out of Covid-19 pandemic or by the impact of current financial and other market conditions. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99745

Piedmont Lithium shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 78 to 81.

Let's talk about the popular Albemarle Corporation (NYSE:ALB). The company's shares led the NYSE gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at Albemarle’s outlook and value based on the most recent financial data to see if the opportunity still exists.

See our latest analysis for Albemarle

What's the opportunity in Albemarle?

According to my valuation model, the stock is currently overvalued by about 28%, trading at US$217 compared to my intrinsic value of $170.00. Not the best news for investors looking to buy! If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Albemarle’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.

Can we expect growth from Albemarle?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Albemarle's earnings over the next few years are expected to increase by 34%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.

What this means for you:

Are you a shareholder? ALB’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell? If you believe ALB should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.

Are you a potential investor? If you’ve been keeping tabs on ALB for some time, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there’s no upside from mispricing. However, the optimistic prospect is encouraging for ALB, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.

If you'd like to know more about Albemarle as a business, it's important to be aware of any risks it's facing. In terms of investment risks, we've identified 3 warning signs with Albemarle, and understanding them should be part of your investment process.

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

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

MISSISSAUGA, Ontario, Oct. 12, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V:CCB), (FF:U7N1) announces it has closed a non-brokered private placement (the “Private Placement”) for the issuance of 3,478,260 flow-through shares for $0.115 per share for gross proceeds of $399,999.90. No finder’s fees were paid in connection with the Private Placement.

In accordance with applicable securities legislation, all securities issued in the Private Placement are subject to a statutory hold period of four months and one day.

The proceeds of the Private Placement will be used on eligible expenditures for the upcoming exploration program on the Miller property.

For further information:

Olga Nikitovic
Chief Executive Officer
Canada Carbon Inc.
info@canadacarbon.com

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

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

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

AZZ Inc. AZZ reported earnings per share of 76 cents in second-quarter fiscal 2022 (ended Aug 31, 2021). The bottom line surpassed the Zacks Consensus Estimate of 65 cents by 16.9%.

Total Revenues

In the quarter, the company reported revenues of $216.5 million, which missed the Zacks Consensus Estimate of $221 million by 2%.

Driven by strength in its reportable segments, the top line increased 6.4% from $216.5 million in the prior-year quarter. Revenues from Energy and Metal Coatings segments increased 0.6% and 10.7%, respectively, year over year.

AZZ Inc. Price, Consensus and EPS Surprise

AZZ Inc. price-consensus-eps-surprise-chart | AZZ Inc. Quote

Backlog & Bookings

Bookings in second-quarter fiscal 2022 increased to $231.8 million from $208.6 million a year ago. AZZ’s book-to-sales ratio was 1.07 compared with 1.03 in the year-ago period.

At the end of the fiscal second quarter, its total backlog was $201.5 million, down 4.3% from the year-ago period. The decrease in backlog is largely attributable to the completion of large orders in China. However, sequentially backlog was up $15.4 million, or 8.3%.

Quarterly Highlights

Total operating income in the quarter increased substantially to $26.5 million from the year-ago figure of $0.7 million.

Selling, general and administrative expenses were $28.6 million, increasing 6.7% from $26.8 million in the prior-year quarter.

Interest expenses decreased 28% to $1.8 million from $2.5 million.

During the quarter, the company repurchased shares worth $15 million. Year to date, AZZ has repurchased 416,279 shares of common stock, totaling $21.2 million.

Financial Highlights

Current Assets as of Aug 31, 2021, amounted to $329.1 million compared with $303.5 million as of Feb 28, 2021.

Long-term debt (net) was $182.4 million as of Aug 31, 2021, compared with $178.4 million on Feb 28, 2021.

Net cash from operating activities during the first half of fiscal 2022 was $37.8 million compared with $32.2 million in the first half of fiscal 2021.

Guidance

The company revised its fiscal 2022 EPS guidance to the range of $2.90-$3.20 per share from prior expectation of $2.65-$3.05. It expects sales in the range of $865 million to $925 million compared with prior expectation of $855 million to $935 million.

Zacks Rank

AZZ currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Manufacturing Electronics Releases

Eaton Corp. ETN is expected to release third-quarter 2021 results on Nov 2. The Zacks Consensus Estimate for the quarter is pegged at $1.74.

A. O. Smith Corp. AOS is going to release third-quarter 2021 results on Oct 28. The Zacks Consensus Estimate for the quarter to be reported is pegged at 67 cents.

Enersys ENS is expected to release second-quarter fiscal 2022 results on Nov 10. The Zacks Consensus Estimate for the quarter is pegged at $1.06.

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

Eaton Corporation, PLC (ETN) : Free Stock Analysis Report

A. O. Smith Corporation (AOS) : Free Stock Analysis Report

AZZ Inc. (AZZ) : Free Stock Analysis Report

Enersys (ENS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – October 12, 2021) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") plans to extend a step-out fall-winter drill program with up to a 1,000 metre (m) diamond drill program at the Southern Gold Zone bulk tonnage target at the Miner Mountain Project near Princeton, BC. The newly discovered Southern Gold Zone, exposed at surface, intersected gold mineralization in five out of the six 2021 drill holes. Four diamond drill holes grade between 0.60 to 1.08 grams per tonne (gpt) gold over 59 to 93 m (Table 1) located on three sections spaced at 50 m apart (Figure 1). Bench-scale metallurgical gravity and leaching tests recovered 95.8% of the contained gold in a representative drill core sample. The Southern Gold Zone mineralization has no deleterious elements and very low values of base metals as confirmed by metallurgical testing (see NR August 11, 2021).

CEO J. Paul Stevenson comments, "We are looking forward to more exciting news from this recently discovered gold target. We have been able to determine that the mineralization starts at or near surface based on the north-south drill sections. We plan to extend the mineralization south of current sections and step-outs with new 50 m-spaced sections located east and west on either side of the drilled mineralization."

The Southern Gold Zone is hosted in medium to fine-grained diorite-monzonite that intrude sediments located to the south. The gold values are associated with very fine-grained disseminated pyrite that ranges from <1% up to 3% in the host rocks whereas less hydrothermal hematite replaces primary magnetite in mineralized drill intersections. Moderate to strong pervasive variable chlorite, K-feldspar, sericite, calcite, and epidote alteration assemblages are associated with the gold mineralization.

Several dozen representative samples have been collected from the 2021 drill holes for petrographic examination. The results will help to understand the genesis of the mineralization and aid exploration and will also clarify the relation of gold to pyrite and hematite and the high recovery of gold values extracted from the recent bench-scale metallurgical leach testing.

Figure 1. Southern Gold Zone 2021 drill holes results, proposed holes in A-F green and red short dash line marks gold mineralization boundary intersected in DDH 46; this figure is available at www.segoresources.com.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1056/99251_59aa06327420bac0_002full.jpg

Table 1. Diamond drill holes gold intersections at the Southern Gold Zone.

An initial bench scale 32.9 kg representative sample from DDH46 and DDH47 core (April drill program) was submitted to Met-Solve Laboratories Inc. to investigate recovery tests using gravity and leaching CN (cyanide) methods. The work concluded 9.8% of the gold reports to gravity concentration and 59.3% of the gold was recovered in 1 hour and 72.6 % after 3 hours using a CN leaching process. An impressive 95.8% of the gold was recovered from the composite sample with little further testing and minimum CN leachate and is used to recover gold in bulk deposits generally mined by open pit in Nevada, USA and elsewhere. The complete "Sego Resources Inc. Metallurgical Test Work Report" is available at www.segoresources.com.

Previous exploration prior to 2020 Sego has identified porphyry copper-gold targets at the Miner Mountain Project north of the Southern Gold Zone where deep roots of the mineralization have been structurally offset by a flat-fault zone that lies roughly 100 m to 130 m deep. The upper fault plate which hosts the known Cuba and other zones of mineralization could have been displaced an unknown distance probably from the north to the south. An example of the mineralization, the Cuba Zone, measures 750 m long by ~50 m wide and carries significant intersections such as 0.946% Cu 0.55 g/t Au 3.473 g/t Ag over 100.4 m in DDH21 (see NR March 12, 2012). In a future exploration program, deep holes are proposed to be collared north of the Cuba Zone and inclined steeply north that will test deep truncated mineralization below the mineralization and alteration of the Granby and Quintana Zones.

This news release was reviewed and approved by Ron Britten, Ph.D., P.Eng., a Qualified Person under NI 43-101.

About the Project:
Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The Miner Mountain Project combines alkalic porphyry copper-gold mineralization in the Cuba and other zones and the unusual gold mineralization in the Southern Gold Zone which may be distal to an alkalic copper-gold porphyry. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of Excellence for its reclamation work at Miner Mountain.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933
ceo@segoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99251

Lithium Americas saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 90 to 93. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. Lithium Americas stock is now considered extended and out of a traditional buy range after clearing a 17.07 buy point in a first-stage cup without handle.