SAN FRANCISCO, CA / ACCESSWIRE / September 12, 2021 / Hagens Berman urges Piedmont Lithium Inc. (NASDAQ:PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: Sept. 21, 2021
Visit:www.hbsslaw.com/investor-fraud/PLL
Contact An Attorney Now:PLL@hbsslaw.com
844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company "cannot be trusted" to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

"We're focused on investors' losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com:
https://www.accesswire.com/663646/PLL-FINAL-DEADLINE-ALERT-Hagens-Berman-Urges-Piedmont-Lithium-PLL-Investors-with-Losses-to-Contact-Firms-Attorneys-Now-Lead-Plaintiff-Opportunity-in-Securities-Class-Action

NEW YORK, NY / ACCESSWIRE / September 12, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Piedmont Lithium Inc. (NASDAQ:PLL)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=19509&wire=1
Lead Plaintiff Deadline: September 21, 2021
Class Period: March 16, 2018 – July 19, 2021

Allegations against PLL include that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Koninklijke Philips N.V. (NYSE:PHG)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/koninklijke-philips-n-v-loss-submission-form?prid=19509&wire=1
Lead Plaintiff Deadline: October 15, 2021
Class Period: February 25, 2020 – June 11, 2021

Allegations against PHG include that: (i) Philips had deficient product manufacturing controls or procedures; (ii) as a result, the Company's Bi-Level PAP and CPAP devices and mechanical ventilators were manufactured using hazardous materials; (iii) accordingly, the Company's sales revenues from the foregoing products were unsustainable; (iv) the foregoing also subjected the Company to a substantial risk of a product recall, in addition to potential legal and/or regulatory action; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Live Ventures Incorporated (NASDAQ:LIVE)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/live-ventures-incorporated-loss-submission-form?prid=19509&wire=1
Lead Plaintiff Deadline: October 12, 2021
Class Period: December 28, 2016 – August 3, 2021

Allegations against LIVE include that: 1) Live's earnings per share for FY 2016 was actually only $6.33 per share; (2) the Company used an artificially low share count to boost the earnings per share by 40%; (3) Live had overstated pretax income for fiscal 2016 by 20% by including $915,500 of "other income" related to certain amendments that were not negotiated until after the close of the fiscal year; (4) Live's acquisition of ApplianceSmart did not close during first quarter 2017; (5) using December 30, 2017 as the "acquisition date" and recognizing income therefrom did not conform to generally accepted accounting principles; (6) by falsely stating that the acquisition closed during the quarter, Live recognized bargain purchase gain, which enabled the Company to report positive net income in what would otherwise have been an unprofitable quarter; (7) between fiscal 2016 and fiscal 2018, Live's CEO received approximately 94% more in compensation than was disclosed to investors; and (8) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

View source version on accesswire.com:
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RADNOR, PA / ACCESSWIRE / September 11, 2021 / The law firm of Kessler Topaz Meltzer & Check, LLP announces to Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ:PLL) ("Piedmont") investors that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period").

Deadline Reminder: Investors who purchased or acquired Piedmont securitiesduring the Class Period may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; via e-mail atinfo@ktmc.com; orclick https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont

Piedmont engages in the exploration and development of resource projects. Piedmont primarily holds a 100% interest in a lithium project covering 2,322 acres in the North Carolina. Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina.

The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which reported the following, in pertinent part, regarding Piedmont's regulatory issues in North Carolina: (1) Piedmont had not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so; (2) five of the seven members of the county's board of commissioners, who control zoning changes, said they may block or delay the project; and (3) Piedmont had been set to meet with commissioners in March, but canceled with three days' notice, further straining the relationship.

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

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business did not have "strong local government support"; and (5) as a result, the defendants' public statements were materially false and/or misleading at all relevant times.

Piedmont investors may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

SOURCE: Kessler Topaz Meltzer & Check, LLP

View source version on accesswire.com:
https://www.accesswire.com/663588/PLL-DEADLINE-REMINDER-Kessler-Topaz-Meltzer-Check-LLP-Important-September-21-2021-Deadline-Reminder-for-Piedmont-Lithium-Inc-Investors

SAN FRANCISCO, Sept. 11, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Piedmont Lithium Inc. (NASDAQ: PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: Sept. 21, 2021
Visit: www.hbsslaw.com/investor-fraud/PLL
Contact An Attorney Now:
PLL@hbsslaw.com
844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont’s progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have “strong local government support.”

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County’s board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company “cannot be trusted” to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

“We’re focused on investors’ losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

TORONTO, Sept. 10, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) announces that Mia Boiridy has resigned from the Company’s Board of Directors effective September 9, 2021.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK".

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,340 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Stuart Adair, CEO, sadair@macdonaldmines.com

(Adds details on EV industry, Albemarle shares)

Sept 10 (Reuters) – Albemarle Corp, the world's top lithium producer, expects a steep jump in 2022 earnings, as global efforts to combat climate change drive a surge in demand for the battery component used in electric vehicles (EV).

Lithium ion batteries are expected to remain the dominant battery chemistry, especially in transportation, as the world moves to meet stringent targets for cutting carbon emissions.

Last month, the Biden administration took a leap toward the goal of slashing greenhouse gas emissions by issuing an executive order aimed at making half of all new vehicles sold in 2030 electric. [https://bit.ly/2Vy5ZmA ]

Global EV sales topped 2.5 million units last year, a figure that's projected to jump 70% in 2021 and continue to rise through 2040, according to IHS Markit forecasts.

Earlier this year, Albemarle said it would double lithium production at its facility in Silver Peak, Nevada to capitalize on the burgeoning EV market.

The Charlotte, North Carolina-based company said on Friday it expects 2022 full-year adjusted core earnings to be up 25% to 35% from a year earlier.

The company's shares were up 1.89% at $248 before the bell, having risen 65% in the last year as of last close.

Albemarle also introduced its 2026 adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) forecast which it expects to range between $2.2 billion and $2.6 billion.

The company in August set its adjusted EBITDA forecast at $810 million to $860 million for 2021.

Albemarle will host its 2021 Investor Day event on Friday at 8:30 a.m. ET virtually. (Reporting by Rithika Krishna in Bengaluru; Editing by Anil D'Silva and Shinjini Ganguli)

Shares of lithium mining company Lithium Americas (NYSE: LAC) closed 7.7% higher on Friday. You can thank rival lithium company Albemarle (NYSE: ALB) for that. In its 2021 Investor Day held Friday, Albemarle told investors that a surge in demand for lithium — which is used to build batteries for electric cars — is going to lift its profits in 2022.

NEW YORK, NY / ACCESSWIRE / September 10, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Coinbase Global, Inc. (NASDAQ:COIN)
This lawsuit is on behalf of all persons and entities that purchased or otherwise acquired Coinbase Class A common stock pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 114,850,769 shares of its Class A common stock, whereby Coinbase began trading as a public company on or around April 14, 2021.
Lead Plaintiff Deadline: September 20, 2021

During the class period, Coinbase Global, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company required a sizeable cash injection; (2) the Company's platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in COIN: https://www.kleinstocklaw.com/pslra-1/coinbase-global-inc-loss-submission-form?id=19491&from=1

Piedmont Lithium Inc. (NASDAQ:PLL)
Class Period: March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: September 21, 2021

Throughout the class period, Piedmont Lithium Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Learn about your recoverable losses in PLL: https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=19491&from=1

Oatly Group AB (NASDAQ:OTLY)
Class Period: May 20, 2021 – July 15, 2021
Lead Plaintiff Deadline: September 24, 2021

The OTLY lawsuit alleges that Oatly Group AB made materially false and/or misleading statements and/or failed to disclose that: (a) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (b) the Company overstated its sustainability practices and impact; (c) the Company exaggerated its growth in China; and (c) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.

Learn about your recoverable losses in OTLY: https://www.kleinstocklaw.com/pslra-1/oatly-group-ab-loss-submission-form?id=19491&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

View source version on accesswire.com:
https://www.accesswire.com/663583/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-COIN-PLL-and-OTLY

Vancouver, British Columbia–(Newsfile Corp. – September 10, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed the first seven drill holes of the 2021 diamond drilling program at its Keymet Base Metal/Precious Metal Property. The 100% owned, 3,400 hectare property, located approximately 20 kilometres northwest of Bathurst, in northeastern New Brunswick, Canada, has excellent access with paved roads, including a provincial highway, transecting the property.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Great Atlantic" in the search box.

Cannot view this video? Visit:
http://www.investmentpitch.com/video/1_cf3cfkvg/Great-Atlantic-completes-first-7-holes-intersecting-base-metal-sulfides-in-semi-massive-sulfide-veins-in-New-Brunswick

The drilling program is testing numerous target areas of polymetallic veins, untested electromagnetic anomalies, gold bearing bedrock and float, in the northwest region of the property. Five of the seven holes intersected veins hosting copper, zinc and lead sulfide mineralization, including veins with semi-massive sulfides. Five of the seven holes intersected intervals with arsenopyrite mineralization in a region where previous work by the company identified gold mineralization associated with arsenopyrite mineralization. Analytical results are pending on the first seven holes.

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.

Great Atlantic diamond drilling during 2015, 2017 and 2018 at the Elmtree 12 polymetallic vein system within the northwest region intersected high grade silver, copper and zinc mineralization in veins within a north-south trending, sub-vertical system. Hole Ky-18-14 reported an intercept of 9.04% zinc, 9.18% copper, and 1,158 grams per tonne silver over a 3.0 meter core length. A previously discovered boulder from a float sample from 2011 returned 51 grams per tonne gold. Channel samples from a gold-bearing zone exposed in a 2012 trench averaged 1.09 grams per tonne gold over 11.78 meters.

High grade silver and lead is reported at the Elmtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development. The Keymet Property hosts the historic Keymet Mine, located in the northwest region of the property. The Keymet Mine operated during the mid-1950s, producing copper, lead, zinc and silver before production was terminated in 1956 due to a fire at the site. Reported production at the Keymet Mine during 1954-1956 was 59,000 tonnes averaging 2.59% zinc, 2.44% lead, 0.25% copper and 33.94 g/t silver.

The historic Nigadoo River Mine is located approximately 4 km south of the Keymet Property, where massive sulfide veins were mined during the 1960s and 1970s with copper, lead, zinc and silver being produced. Production during 1967-1971 is reported as 1.126 million tonnes at 2.2% lead, 2.1% zinc, 0.24% copper and 92.57 g/t silver. Three gold deposits with reported mineral resources are located within adjacent mineral claims, approximately 2 kilometers southwest of the Keymet Property boundary.

Great Atlantic has no interest in these deposits, and management cautions that mineralization at these adjacent mineral claims is not necessarily indicative of mineralization on the Keymet Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96105

RADNOR, Pa., Sept. 09, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP reminds Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) (“Piedmont”) investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Piedmont on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the “Class Period”).

Lead Plaintiff Deadline: September 21, 2021

Website: https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont

Contact: James Maro, Esq. (484) 270-1453
Toll free (844) 887-9500

Piedmont engages in the exploration and development of resource projects. Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina. The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors” which reported serious issues regarding Piedmont’s regulatory status in North Carolina.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business did not have “strong local government support”; and (5) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.

Piedmont investors may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

LOS ANGELES, CA / ACCESSWIRE / September 10, 2021 /The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Piedmont Lithium Inc. ("Piedmont" or "the Company") (NASDAQ:PLL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 16, 2018 and July 19, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before September 21, 2021.

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

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

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

According to the Complaint, the Company made false and misleading statements to the market. Piedmont would not follow the steps or timeline to secure all necessary permits from governmental agencies. The Company failed to inform appropriate governmental agencies and authorities of its planned activities. The Company failed to file applications with relevant authorities including the state and local governments. Despite its claims, the Company did not have "strong local government support." Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Piedmont, investors suffered damages.

Join the case to recover your losses.

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

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

CONTACT:

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

SOURCE: The Schall Law Firm

View source version on accesswire.com:
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A month has gone by since the last earnings report for EnerSys (ENS). Shares have lost about 14.9% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is EnerSys due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

EnerSys Q1 Earnings Surpass Estimates, Sales Lag

EnerSys reported mixed results for first-quarter fiscal 2022 (ended Jul 4, 2021). Its earnings surpassed estimates by 4.17%, while sales lagged the same by 0.03%.

The company’s earnings in the fiscal first quarter were $1.25 per share, surpassing the Zacks Consensus Estimate of $1.20. The quarterly earnings grew 35.9% from the year-ago quarter’s figure of 92 cents per share on sales improvement, partially offset by an increase in costs and expenses.

Revenue Details

In the reported quarter, EnerSys’ net sales amounted to $814.9 million, up 15.6% year over year. The results benefitted from 12% growth in volumes and a 4% positive impact from foreign currency movements.

The company noted that the top line benefitted from strength across all the segments. Backlog, exiting the reported quarter, was at $850 million.

However, EnerSys’ top line lagged the Zacks Consensus Estimate of $815 million.

Geographically, the company’s net sales increased 13% year over year to $557 million in the Americas, while the metric witnessed growth of 27% to $201 million in Europe, Middle East and Africa. Sales in Asia were $57 million, reflecting an increase of 3% from the year-ago quarter.

The company reports revenues under three segments. A brief discussion of the quarterly results is provided below:

Energy Systems’ sales were $371.2 million, up 5% year over year. Volume was up 3% and pricing had an adverse impact of 1%. Foreign currency translations benefitted by 3%.

The Motive Power segment generated revenues of $336.1 million, increasing 27.9% year over year. The results were driven by 22% growth in volumes, 1% positive contribution from pricing and 5% of forex tailwinds.

Specialty’s sales were $107.6 million, up 21.3% year over year. Volumes grew 18% in the quarter, while pricing and foreign currency translations had positive impacts of 1% and 2%, respectively.

Margin Profile

In the reported quarter, EnerSys’ cost of sales increased 17.3% year over year to $621.7 million. Cost of sales was 76.3% of the quarter’s net sales. Gross profit in the quarter grew 10.4% year over year to $193.2 million, while gross margin fell 110 basis points (bps) year over year to 23.7%.

Operating expenses increased 3.4% year over year to $124.5 million. It represented 15.3% of net sales in the reported quarter versus 17.1% in the year-ago quarter. Adjusted operating earnings were $75.1 million, reflecting year-over-year growth of 22.7%. Margin increased 50 bps year over year to 9.2%.

The company’s performance in the quarter suffered from shortages in transportation, raw material and labor. Measures to deal with these issues were taken.

Balance Sheet & Cash Flow

Exiting the first quarter of fiscal 2022, EnerSys had cash and cash equivalents of $406.2 million, down 10.1% from $451.8 million recorded in the last reported quarter. Long-term debt increased 5.2% sequentially to $1,020.4 million.

In the reported quarter, the company repaid a term loan of $11.4 million and revolving credit borrowings of $5.7 million. However, proceeds for revolving credit borrowings were $65.7 million in the quarter.

The company used net cash of $48.1 million for its operating activities in the quarter against net cash generation of $116.6 million in the year-ago quarter. Capital expenditure totaled $16.4 million compared with $26.3 million in the prior-year quarter.

EnerSys rewarded shareholders with a dividend payout of $7.4 million in first-quarter fiscal 2022. Shares repurchased amounted to $31.5 million.

Outlook

Though supply-chain constraints will be headwinds in the near term, EnerSys anticipates gaining from the healthy demand for products across all businesses.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted -18.04% due to these changes.

VGM Scores

At this time, EnerSys has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise EnerSys has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

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NEW YORK, NY / ACCESSWIRE / September 10, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Stable Road Acquisition Corp. (NASDAQ:SRAC)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/stable-road-acquisition-corp-loss-submission-form?prid=19486&wire=1
Lead Plaintiff Deadline: September 13, 2021
Class Period: October 7, 2020 – July 13, 2021

Allegations against SRAC include that: (a) Stable Road's acquistion target, Momentus's 2019 test of its key technology, a water plasma thruster, had failed to meet Momentus's own public and internal pre-launch criteria for success, and was conducted on a prototype that was not designed to generate commercially significant amounts of thrust; (b) the U.S. government had conveyed that it considered Momentus's Chief Executive Officer a national security threat, jeopardizing his continued leadership of Momentus and Momentus's launch schedule and business prospects; (c) consequently, the revenue projections and business and operational plans provided to investors regarding Momentus and the commercial viability and timeline of its products were materially false and misleading and lacked a reasonable basis in fact; and (d) Stable Road had failed to conduct appropriate due diligence of Momentus and its business operations and defendants had materially misrepresented the due diligence activities being conducted by Stable Road executives and its sponsor in connection with the merger.

Piedmont Lithium Inc. (NASDAQ:PLL)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=19486&wire=1
Lead Plaintiff Deadline: September 21, 2021
Class Period: March 16, 2018 – July 19, 2021

Allegations against PLL include that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Oatly Group AB (NASDAQ:OTLY)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/oatly-group-ab-loss-submission-form?prid=19486&wire=1
Lead Plaintiff Deadline: September 24, 2021
Class Period: May 20, 2021 – July 15, 2021

Allegations against OTLY include that: (a) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (b) the Company overstated its sustainability practices and impact; (c) the Company exaggerated its growth in China; and (c) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

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Company highlights operating model designed for execution excellence; Provides 2026 financial targets

CHARLOTTE, N.C., Sept. 10, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, will host its 2021 Investor Day event today at 8:30 a.m. ET. The event will be held virtually and by webcast to ensure the safety of all participants.

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)
Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

Chairman and CEO Kent Masters will be joined by EVP and CFO Scott Tozier, the presidents of Albemarle's three global businesses, and additional executives to discuss the company's strategy for long-term growth. Highlights will include a review of the company's new operating model, its strategic and financial objectives, and relevant market outlooks.

Key Themes for 2021 Investor Day

  • Advancing industry-leading businesses with differentiated competitive advantages

  • Executing a clear strategy to accelerate growth and sustainability

  • Implementing a focused operating model – the Albemarle Way of Excellence – to ensure execution is aligned with strategy to create long-term value

  • Building battery grade lithium conversion capacity to meet significant growth in customer demand while generating attractive returns

  • Applying expertise and capabilities in Catalysts to expand presence in developing geographies and new renewable markets

  • Investing in Bromine to expand production capabilities and capitalize on the attractive growth of end-markets while also improving the sustainability of operations

"We see exciting growth opportunities ahead for Albemarle, primarily driven by the importance of electrification in the transition to more sustainable sources of energy," said Albemarle CEO Kent Masters. "We are actively implementing our structured operating model, the Albemarle Way of Excellence, to help ensure we successfully achieve our strategic goals. With our focus on sustainable practices, our access to world-class resources, and our position as an industry leader, we aim to maintain a leadership position in all our businesses to serve our customers' growing needs and create shareholder value well into the future."

Our Operating Model – The Albemarle Way of Excellence (AWE)
Albemarle's model includes four operating pillars – Sustainable Approach, High-Performance Culture, Operational Discipline, and Competitive Capabilities. These key competency areas are critical to achieving the company's performance priorities of raising the bar on excellence, delivering outstanding customer experience, and driving greater stakeholder value. "The Albemarle Way of Excellence is designed to ensure enterprise-wide alignment and serve as a blueprint to continually focus our attention on what is needed to better execute our strategy and build a stronger company," added Masters.

Outlook
Albemarle is reaffirming its full-year 2021 guidance and introducing new full-year 2022 outlook and 2026 long-term financial targets. The company continues to expect a modest improvement in full-year 2021 operating performance compared to full year 2020, assuming continued global economic recovery. Full-year 2022 adjusted EBITDA is expected to be up 25% to 35% versus 2021 primarily due to higher pricing and volumes for Lithium and anticipated stronger performance for Catalysts following previous pandemic-related weakness.

Introducing 2026 Long-term Financial Targets

In millions, except per share amounts

Lithium

Bromine

Catalysts

Total1

Net Sales (5-Year CAGR)

24% – 28%

5% – 6%

6% – 8%

13% – 17%

Adj. EBITDA Margin (2026E)

43% – 47%

32% – 36%

26% – 28%

35% – 40%

Adj. EBITDA (2026E)

$1.7B – $1.9B

$0.4B – $0.5B

$0.2B – $0.3B

$2.2B – $2.6B

Free Cash Flow (2026E)

$0.8B – $1.2B

1Total includes corporate costs not allocated to Albemarle's operating segments

Assumptions for 2026 Long-term Financial Targets

  • $100M run-rate productivity savings by 2024

  • 20% effective tax rate

  • Currency flat at January 2021 rate

  • No material economic or pricing cycle disruptions

Event Webcast Details
The company will webcast its Investor Day live which can be accessed through Albemarle Corporation's website at https://investors.albemarle.com/, via the Investor Day website link below or by phone at the following number:

US Toll free: (877) 323-4320

International direct: (873) 415-0279

Passcode: 2549693

Webcast: 2021 Investor Day Website Link

To avoid registration wait times, participants are encouraged to log in to the webcast as the primary listening source.

About Albemarle

Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and refining 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.

Forward-Looking Statements

Some of the information presented in this press release, the conference call and discussions that follow, including, without limitation, information related to the timing of active and proposed projects, product development, production capacity, committed volumes, market trends, pricing, financial flexibility, expected growth, anticipated return on opportunities, earnings and demand for our products, input costs, productivity improvements, surcharges, tax rates, stock repurchases, dividends, cash flow generation, costs and cost synergies, capital projects, future acquisition and divestiture transactions, expected benefits from proposed transactions, economic trends, outlook and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; changes in financial and operating performance of our major customers and industries and markets served by us; the timing of orders received from customers; the gain or loss of significant customers; competition from other manufacturers; changes in the demand for our products or the end-user markets in which our products are sold; limitations or prohibitions on the manufacture and sale of our products; availability of raw materials; increases in the cost of raw materials and energy, and our ability to pass through such increases to our customers; changes in our markets in general; fluctuations in foreign currencies; changes in laws and government regulation impacting our operations or our products; the occurrence of regulatory actions, proceedings, claims or litigation; the occurrence of cyber-security breaches, terrorist attacks, industrial accidents, natural disasters or climate change; hazards associated with chemicals manufacturing; the inability to maintain current levels of product or premises liability insurance or the denial of such coverage; political unrest affecting the global economy, including adverse effects from terrorism or hostilities; political instability affecting our manufacturing operations or joint ventures; changes in accounting standards; the inability to achieve results from our global manufacturing cost reduction initiatives as well as our ongoing continuous improvement and rationalization programs; changes in the jurisdictional mix of our earnings and changes in tax laws and rates; changes in monetary policies, inflation or interest rates that may impact our ability to raise capital or increase our cost of funds, impact the performance of our pension fund investments and increase our pension expense and funding obligations; volatility and uncertainties in the debt and equity markets; technology or intellectual property infringement, including cyber-security breaches, and other innovation risks; decisions we may make in the future; the ability to successfully execute, operate and integrate acquisitions and divestitures; uncertainties as to the duration and impact of the coronavirus (COVID-19) pandemic; and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our most recent Annual Report on Form 10-K any subsequently filed Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

CisionCision
Cision

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SOURCE Albemarle Corporation

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given this risk, we thought we'd take a look at whether Investigator Resources (ASX:IVR) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Investigator Resources

When Might Investigator Resources Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In December 2020, Investigator Resources had AU$14m in cash, and was debt-free. In the last year, its cash burn was AU$4.7m. Therefore, from December 2020 it had 2.9 years of cash runway. That's decent, giving the company a couple years to develop its business. Importantly, if we extrapolate recent cash burn trends, the cash runway would be noticeably longer. Depicted below, you can see how its cash holdings have changed over time.

debt-equity-history-analysisdebt-equity-history-analysis
debt-equity-history-analysis

How Is Investigator Resources' Cash Burn Changing Over Time?

In our view, Investigator Resources doesn't yet produce significant amounts of operating revenue, since it reported just AU$70k in the last twelve months. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. In fact, it ramped its spending strongly over the last year, increasing cash burn by 179%. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Investigator Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Investigator Resources Raise More Cash Easily?

Given its cash burn trajectory, Investigator Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$86m, Investigator Resources' AU$4.7m in cash burn equates to about 5.4% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Investigator Resources' Cash Burn?

As you can probably tell by now, we're not too worried about Investigator Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. While we must concede that its increasing cash burn is a bit worrying, the other factors mentioned in this article provide great comfort when it comes to the cash burn. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Investigator Resources (of which 2 are concerning!) you should know about.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

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.

Figure 1

Figure 1 - SPJ Property OverviewFigure 1 - SPJ Property Overview
Figure 1 – SPJ Property Overview
Figure 1 – SPJ Property Overview

TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) announces that Mia Boiridy has left the organization, effective immediately.

Stuart Adair, CPA, CA, MA, BA, a member of the Board of Directors of MacDonald Mines and Chair of its Audit Committee, has been designated as the Company’s interim Chief Executive Officer effective September 8, 2021. Mr. Adair has extensive financial and operating experience as a “C” suite executive and will provide support, direction, and guidance to MacDonald Mines’ Management during this transition.

MacDonald Mines priorities are to continue with our business plan, deliver on our exploration models, and maintain a stable and effective organization. The Board of Directors has commenced a search for a new CEO. We thank Mia for her contributions and wish her success in her future endeavours.

MacDonald Mines also reports on results from its Summer 2021 mechanized stripping, channel sampling and regional prospecting program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario (Figure 1).

In the Glade area, channel sampling extended gold mineralization in the Alkin-Glade trend over 225 metres along strike. Exploration work in the Glade area also led to the discovery of a broad zone of anomalous gold in the Espanola limestone 150 m below the mineralized Alkin-Glade corridor in hole AG-21-097. Channel sampling at the Jerome showing indicates that the Nipissing intrusion contains palladium-rich mineralization.

https://www.globenewswire.com/NewsRoom/AttachmentNg/1d270f26-066d-4d43-8bce-83e5905c0387

Figure 1 – SPJ Property

2021 exploration highlights include:

Alkin-Glade

  • New channel sample results confirming gold mineralization at the Glade West showing

    • 5.12 g/t gold over 3.40 metres including 17.10 g/t gold over 0.80 metre

  • Discovery of quartz veins with visible gold 100 metres west of the Glade East showing and 125 metres east of the Glade West showing on trench AGT-21-011

    • Suggests that gold mineralization in the Alkin-Glade extends between the Glade East and Glade West showings over 225 metres

  • Identification of a broad zone of anomalous gold in the Espanola limestone at the southern margin of the Nipissing diabase (Glade diabase) hosting the Glade system 150 m below the Alkin-Glade trend

    • Analysis of the Espanola limestone below the southern contact of the Nipissing sill in hole AG-21-097 indicated 0.14 g/t gold over 31.50 metres

Rathbun block of the SPJ project

  • Confirmation that palladium-rich mineralization exists in the Nipissing sill at the Jerome showing in the Rathbun block of the SPJ property

    • Channel sample contains 2.97 g/t Pd, 0.42 g/t Pt and 0.24 g/t Au over 4 m (Cu and Ni assays are pending)

Fall 2021 exploration plans

During the Fall of 2021, the Company plans to complete the channel sampling and mapping program in the Glade and Alkin areas of the Alkin-Glade trend in preparation for diamond drilling in the Alkin-Glade corridor. The first phase of the drilling program will consist of a series of drill holes to test the continuity of gold mineralization between the Glade East and Glade West showings, separated by 225 m.

In parallel, the Company plans to prospect, sample and map the McLeod showing where historic diamond drilling intersected significant gold mineralization. The Company also plans to prospect and map gold-copper mineralization at the historic Alwyn Mine and explore for additional palladium-rich mineralization in the Nipissing sill hosting the Jerome showing,

Table 1 – Results of channel sampling along the northern contact of the Glade diabase in the Alkin-Glade trend

Channel sample

From
(m)

To
(m)

Length*
(m)

Gold

Structure

(g/t)

AGT-21-004C

0.70

2.10

1.40

3.61

Alkin-Glade
Trend

AGT-21-005A

No significant results

AGT-21-005B

No significant results

AGT-21-005C

0.70

4.10

3.40

5.12

Including

2.30

3.10

0.80

17.1

AGT-21-005D

1.30

2.10

0.80

0.71

AGT-21-005E

1.80

2.30

0.50

2.02

AGT-21-006A

2.00

2.80

0.80

0.14

AGT-21-006B

0.00

3.10

3.10

0.20

*Assay results are presented over the apparent length of the channel samples. Additional work is necessary to define the true width of the zone of mineralization.

Table 2 – Results from diamond drilling and channel sampling along the southern contact of the Glade diabase and the Espanola Limestone

Drill hole

From
(m)

To
(m)

Length*
(m)

Gold
(g/t)

Structure

AG-21-097

184.90

216.40

31.50

0.14

Espanola- Glade Diabase contact

Including

188.97

190.44

1.47

0.56

Channel sample

From
(m)

To
(m)

Length*
(m)

Gold
(g/t)

AGT-21-007A

0

1.00

1.00

0.27

AGT-21-007B

No significant results

AGT-21-007C

AGT-21-007D

AGT-21-007E

AGT-21-007F

*Assay results are presented over core and channel sample length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.

Table 3 – Results from channel sampling at the Jerome showing

Channel sample

From
(m)

To
(m)

Length*
(m)

Gold
(g/t)

Palladium
(g/t)

Platinum
(g/t)

Zone

RAT-21-001A

No significant results

Jerome showing

RAT-21-001B

No significant results

RAT-21-001C

0.00

4.00

4.00

0.24

2.97

0.42

Including

0.00

3.00

3.00

0.29

3.69

0.51

RAT-21-001D

2.00

4.00

2.00

0.25

2.93

0.42

*Assay results are presented over core length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.

Table 4. Coordinates of the reported channel samples and drill hole

ID

X

Y

Z

Azimuth

Dip

Length /
Depth (m)

Type

AG-21-097

529054

5165626

292.5

145

-45

217.0

Drill hole

AGT-21-004C

529113

5165571

308.1

295

10

2.1

Channel

AGT-21-005A

529082

5165560

303.7

56

-8

2.1

Channel

AGT-21-005B

529076

5165552

304.8

30

-5

8.3

Channel

AGT-21-005C

529087

5165551

306.0

336

20

6.7

Channel

AGT-21-005D

529083

5165545

305.9

319

15

1.3

Channel

AGT-21-005E

529082

5165542

310.1

340

0

3.5

Channel

AGT-21-006A

529097

5165545

309.6

322

6

3.5

Channel

AGT-21-006B

529097

5165545

309.6

306

25

3.7

Channel

AGT-21-007A

529281

5165356

312.3

325

10

7.0

Channel

AGT-21-007B

529276

5165367

312.0

3

-22

3.5

Channel

AGT-21-007C

529279

5165369

313.4

358

-20

4.4

Channel

AGT-21-007D

529289

5165373

315.0

20

-25

3.0

Channel

AGT-21-007E

529288

5165369

309.0

8

0

1.8

Channel

AGT-21-011

TBP

TBP

Channel

AGT-21-007F

529295

5165362

310.3

300

-18

1.7

Channel

RAT-21-001A

526991

5173020

320.9

350

10

3.8

Channel

RAT-21-001B

526990

5173029

321.7

13

-8

2.7

Channel

RAT-21-001C

526981

5173029

323.7

4

-24

5.0

Channel

RAT-21-001D

526981

5173030

321.3

20

30

4.0

Channel

Alkin-Glade

The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization – the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins was reported historically. Old exploration trenches, now overgrown with vegetation are the only evidence of the 1930’s and 1940’s exploration work done at Glade with gold mineralization still exposed at the Glade East and Glade West showings.

The historical Alkin gold mine is located 2.2 km W-NW of the Glade showings. At the Alkin mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that a qualified person has not done sufficient work to validate the accuracy of the historical results. The Company is not treating the historical estimates as current mineral resources.

Diamond drilling under the Glade West Showing in holes AG-21-096 and AG-21-097 revealed a large alteration and mineralization system where shear-hosted quartz veins are surrounded by networks of gold mineralized, multidirectional and variably spaced quartz tension veins concentrated in the Nipissing intrusion at its northern contact with the Bruce conglomerate. Diamond drilling also identified that mineralization extends in the Espanola limestone along the southern contact of the Nipissing diabase hosting the networks of gold-bearing shear zones and quartz veins. Visible gold was observed in many of the quartz veins in both holes AG-21-096 and AG-21-097, and in the channel samples taken at Glade East. Surface work at the Glade East showing confirmed comparable mineralization 225 m east of the Glade West discovery. Visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West is similar to the iron-chlorite and gold at the Scadding Deposit. The observed relationship in mineralization could represent a considerable extension of the mineralized system of over 800m.

Jerome Showing
The Jerome showing is located on the Rathbun block of the SPJ property. PGE mineralization is hosted in an intrusion pertaining to the Nipissing sills according to the Ontario Geological Survey maps of the area. PGE mineralization is associated with disseminations of pyrrhotite, chalcopyrite and magnetite in the Nipissing sills. The base metal results for the channel samples taken by MacDonald Mines remain pending.

Qualified Person
Jean-François Montreuil, P.Geo., Chief Geologist of MacDonald Mines, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for preparing, supervising, and approving this news release’s scientific and technical content.

On-site Quality Assurance/Quality Control (“QA/QC”) Measures

Drill core samples were transported in security sealed bags for analysis to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The samples transported to Actlabs were dropped in rice bags with security seals by Manitoulin Transport. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

MacDonald Mines has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates. All samples over 10 g/t gold or the samples with abundant visible gold are analyzed using a 1-kilogram metallic screen. Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

COVID-19 Precautions
MacDonald Mines has developed and implemented precautions and procedures that are compliant with Ontario’s health guidelines. Strict protocols are in place to ensure the safety of all staff, thereby reducing the potential for community contact and spreading of the virus.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol “BMK”.

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,340 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Stuart Adair, CEO, sadair@macdonaldmines.com
Fiona Fitzmaurice, CFO, ffitzmaurice@macdonaldmines.com

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce positive pre-concentration upgrading results from Tonopah Lithium Claims (“TLC”) claystone mineralization using Falcon continuous gravity concentrators with 88% of Lithium concentrated in 60% of the original mass – an upgrading factor of approximately 1.5.

Upgrading Highlights:

  • Gravity concentration test work by TECMMINE, in consultation with Sepro Mineral Systems of Lima Peru, yielded excellent results using continuous gravity Falcon (”Falcon C”) concentrators.

  • Test work rapidly upgraded samples of TLC mineralization from 1,098 ppm Li to 1,671 ppm Li by retaining 88% of the lithium in 60% of the mass.

  • On-going test work to further optimize the upgrading process including utilizing higher grade feed from planned drilling and bulk sampling at TLC.

  • Processing material with significantly higher lithium concentrations should reduce costs through lower reagent consumption and reduced throughput, including the potential to reduce back-end processing plant requirements.

Dr. Laurence Stefan, COO of American Lithium, stated “The positive implications of upgrading cannot be overstated. We are extremely encouraged with the pre-concentration results achieved using commercially available gravity concentrators. By processing higher-grade lithium mineralization, a smaller plant footprint is possible, and processing becomes more efficient with the ability to minimize reagents and improve recoveries. We look forward to on-going test work using higher grade samples followed by metallurgical processing work on the higher grade concentrates produced.”

TLC Upgrading Results

TECMMINE in Peru, in consultation with Sepro Mineral Systems Lima-based personnel have completed the first round of pre-concentration testing on TLC mineralization using Falcon “C” gravity concentrators.

Previous test work has demonstrated that gravity/physical concentration techniques are capable of upgrading TLC mineralization with the lithium preferentially reporting to the fine fraction in centrifuge tests (see Company news release dated March 23, 2021). The important fraction at TLC is not the “concentrate”, but what is often considered “tails” in other commodities.

The latest and best results have concentrated 88% of lithium in 60% of the original mass through a simple process of crushing to 100% passing 500 μm (-0.5 mm) followed by a series of concentrator passes, re-pulping and scavenging.

The original head grade of the sample used was 1,098 ppm Li and was upgraded to 1,671 ppm Li in a process estimated to take less than 45 minutes in an industrial scale operation.

Sepro Mineral Systems’ Falcon C continuous gravity concentrators are commercially available, off-the-shelf technology with models proven capable of handling large volumes of material suitable for bulk tonnage mining/processing operations.

Qualified Persons
Mr. Ted O’Connor, P.Geo., a Director of American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical geological information contained in this news release.

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 5 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 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.

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani Projects (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on January 19, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on January 29, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and was successful in obtaining such an injunction on 17 of the concessions including three of the four concessions included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15 concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title, rights and validity of those 15 remaining concessions to Macusani, with the result being that all 32 concessions are now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the last stage of the judicial process. A final date for the last stage of the judicial process has not yet been set. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of the Processes, its title to the concessions could be revoked.

MISSISSAUGA, Ontario, Sept. 09, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the “Company”) (TSX-V: CCB), (FF: U7N1) is pleased to announce that a field prospecting campaign was completed over historical electromagnetic anomalies (‘EM’) on its Asbury claims (‘the Property’).

From July 26, 2021 to July 30, 2021, a nine person team prospected, mapped and sampled the property equipped with two Bm4+ ‘Beep Mat’ electromagnetic detectors used to follow multiple conductors found in a 2013 Heliborne Magnetic and TDEM survey by Focus Graphite (DUBE,2013). Three geological fold patterns in the conductor anomalies were defined from the 2013 survey. Folding is very significant for graphite exploration since it can allow a thickening and enrichment of the graphitic horizon along the fold hinge. One of these folds is located at the historical Asbury mine, whereas two others had yet to be investigated in detail.

The Property is overlain by one to two metres of glacial till, as is commonly encountered in this part of Quebec. A team using a Beep Mat EM detector attempted to locate the aerial conductors by crossing the surface perpendicular to their strike. When a conductive target was identified, trenching was conducted in an attempt to sample any subcropping mineralization. Other team members scouted the area seeking potential outcrop or mineralized boulders at surface. As the Beep Mat could only detect conductors within one metre of surface, a number of the aerial conductors were not confirmed during this preliminary survey.

A total of 59 grab samples were taken, and were bagged and tagged on site. Figure 1 shows conductor anomalies on the Property and the associated rock samples taken during the field work which will provide the Company with a strong indication as to the potential grade and quantity of graphite associated with some of the conductors.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 1. Rock Samples on Conductor Anomalie: Figure 1. Rock Samples on Conductor AnomalieFigure 1. Rock Samples on Conductor Anomalie: Figure 1. Rock Samples on Conductor Anomalie
Figure 1. Rock Samples on Conductor Anomalie: Figure 1. Rock Samples on Conductor Anomalie

Additionally, the Company took 42 till samples, located glacially down-ice from the conductive anomalies. These till samples will be assayed to determine whether there may be zones of enriched mineralization not detected in the grab sampling program.

All of the samples were shipped to Actlab in Ancaster, Ontario for graphitic carbon (“Cg”) analysis. Both rock and till samples will be prepared using method RX1-Graphitic in which the samples undergo drying, crushing up to 90% passing through a #10 square-mesh screen, riffle splitting (250 gram) and pulverization to 95% passing a 105 um square-mesh screen. Graphitic carbon is then determined by multistage furnace treatment and infrared absorption, with a 0.05% detection limit using analysis package 4F-C-Graphitic.

The Company’s next step will be to proceed with a PhiSpy survey (a ground TDEM survey), followed by a second prospecting survey to assay the near-surface conductor anomalies. The review of historical data is still on-going, and will be combined with recent field observations. Based on this field work and analysis of historical data conducted to-date, we recently acquired an additional 3 claims in the area contiguous to our existing claims.

Olga Nikitovic, Interim CEO, commented, “We are pleased to start exploration work on the promising Asbury Property. The large number of conductive anomalies, some in folded structures as seen at the past-producing Asbury Mine, are encouraging signs that we may discover significant graphite mineralization on the Property. Assessing the quality of the graphite will be one of our priorities as we move forward in our exploration program.”

The Asbury Property.
The Asbury Property contains the past-producing Asbury Graphite Mine, and is comprised of 25 claims, for a total of 1,385 ha. It is located 8.1km northeast of Notre-Dame-Du-Laus in the Laurentides Region of southern Quebec. The property belongs to the Grenville Province with varying degrees of metamorphism. The eastern portion of the property is composed of crystalline limestone, quartzite and paragneiss with a band of graphitic limestone contained within a blue grey biotitic quartzite. Marble and impure quartzite are found within the property, containing graphite flakes and garnets. These rocks are in accordance with the proposed skarn type deposit found in Asbury (Charbonneau, 2012).

The Asbury claims include some land held by private landowners however, the 8.48KM total length of EM conductors which the Company is targeting are not located on privately held land.

Qualified Person
Steven Lauzier, P.Geo. OGQ, a Qualified Person as defined by National Instrument 43-101 guidelines, has reviewed and approved the technical content of this news release.

For further information:

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

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

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).

VANCOUVER, BC / ACCESSWIRE / September 9, 2021 / GREAT ATLANTIC ESOURCES CORP. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce it is continuing to drill but has completed the first seven drill holes of the 2021 diamond drilling program at its Keymet Base Metal – Precious Metal Project, located in Northern New Brunswick. The drilling program is testing numerous target areas 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.

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Semi-massive sulfides (chalcopyrite, sphalerite, galena and pyrite) in Ky-21-27

The seven holes completed to date during 2021 (Ky-21-23 to Ky-21-29) 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.

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Five of the seven holes completed to date during the 2021 program have intersected veins hosting copper, zinc and 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 and Ky21-28 which tested the Elmtree 12 polymetallic vein system; and Ky-21-29 which was the first drill hole into an electromagnetic anomaly.

Five of the seven holes completed to date (Ky-21-25 to Ky-21-29) during the 2021 program have intersected intervals with arsenopyrite mineralization. Previous work by the Company has identified gold mineralization associated with arsenopyrite mineralization in this region of the property.

Drill hole Ky-21-30 is currently underway, testing deeper than previous drilling in the Elmtree 12 vein system.

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). The 2021 exploration program is being managed by a Qualified Person.

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.

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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 sampling 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.

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/663269/Great-Atlantic-Drilling-Update–Intersects-Base-Metal-Sulfides-in-Semi-Massive-Sulfide-Veins-and-Indicator-Mineral-for-Gold-Mineralization–100-Owned-Keymet-Precious-Base-Metal-PropertyNew-Brunswick

DENVER, CO / ACCESSWIRE / September 9, 2021 /Solitario Zinc Corp. ("Solitario") (NYSE American:XPL); (TSX:SLR) is pleased to announce that it is participating in the Denver Gold Forum, September 12-15th, 2021. President and CEO, Chris Herald will host virtual one on one meetings during the event and will deliver an online presentation and corporate update on Monday, September 13th at 2:00pm Mountain. The presentation will feature the recently acquired Golden Crest gold project in South Dakota, as well as the advanced Florida Canyon and Lik high-grade zinc projects. View webcast and replay here. For more information on the conference please visit https://www.goldforumamericas.com/

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 gold 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 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.8 million. Additional information about Solitario is available online at www.solitariozinc.com.

FOR MORE INFORMATION, CONTACT:

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

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

SOURCE: Solitario

View source version on accesswire.com:
https://www.accesswire.com/663340/Solitario-Presents-at-the-Denver-Gold-Forum-Annual-Conference

NEW YORK, NY / ACCESSWIRE / September 9, 2021 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Piedmont Lithium Inc. (NASDAQ:PLL)

Investors Affected : March 16, 2018 – July 19, 2021

A class action has commenced on behalf of certain shareholders in Piedmont Lithium Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have “strong local government support”; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=19437&from=1

AdaptHealth Corp. f/k/a DFB Healthcare Acquisitions Corp. (NASDAQ:AHCO)

Investors Affected : November 11, 2019 – July 16, 2021

A class action has commenced on behalf of certain shareholders in AdaptHealth Corp f/k/a DFB Healthcare Acquisitions Corp. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) AdaptHealth had misrepresented its organic growth trajectory by retroactively inflating past organic growth numbers without disclosing the changes, in violation of Securities and Exchange Commission regulations; (ii) accordingly, the Company had materially overstated its financial prospects; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/adapthealth-corp-f-k-a-dfb-healthcare-acquisitions-corp-loss-submission-form/?id=19437&from=1

Ardelyx, Inc. (NASDAQ:ARDX)

Investors Affected : August 6, 2020 – July 19, 2021

A class action has commenced on behalf of certain shareholders in Ardelyx, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: 1) the Company overstated the likelihood that tenapanor would be approved by the Food and Drug Administration ("FDA"); and 2) Defendants possessed, were in control over, and as a result, knew that the data submitted to support the New Drug Application was insufficient in that it showed a lack of clinical relevance of the drug's treatment effect, making it foreseeably likely that the FDA would not approve the drug.

Shareholders may find more information at https://securitiesclasslaw.com/securities/ardelyx-inc-loss-submission-form/?id=19437&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

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Pre-tax NPV of C$314M with 28.3% IRR at US$916/t Cg; after-tax NPV of 186M with 21.5% IRR

MONTREAL, September 09, 2021–(BUSINESS WIRE)–Lomiko Metals Inc. (Lomiko) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals Inc or "Lomiko" or the "Corporation") is pleased to announce it has launched a new web site, http://www.lomiko.com, in French and English to communicate the positive results from the Preliminary Economic Assessment ("PEA") on its 100 percent-owned La Loutre Project in south-eastern Quebec released July 29, 2021. Ausenco Engineering Canada Inc. ("Ausenco") will complete the PEA in accordance with National Instrument 43-101 ("NI 43-101") for filing on SEDAR which will also be fully translated. Lomiko has also initiated an Environmental Baseline Study and Communication Relations Plan announced August 27, 2021 and aims to initiate a Preliminary Feasibility Study (PFS) to advance its La Loutre Project towards production as part of a development strategy while continuing its aggressive drilling programs to maximize value creation.

Highlights of the PEA (all figures are stated in Canadian dollars unless otherwise stated):

  • Long-term Weighted-Average1 Graphite Price US$916/t Cg conc. (graphitic carbon concentrate)

  • Exchange rate: C$1.00 = US$0.75

  • Pre-tax Net Present Value (NPV) (8%) of C$313.6M

  • After-tax NPV (8%) of C$185.6M

  • Pre-tax Internal Rate of Return (IRR) of 28.3%

  • After-tax IRR of 21.5%

  • Pre-tax payback period of 3.3 years

  • After-tax payback period 4.2 years

  • Initial capital ("CAPEX") of C$236.1M including mine pre-production, processing, infrastructure (roads, power line construction, co-disposal facility for mill tailings and mine waste rock, ancillary buildings, and water management)

  • Life of mine processing period ("LOM") of 14.7 years

  • Average life of mine (LOM) strip ratio (Waste Rock:Mill Feed ) of 4.04:1

  • LOM plant production of 21,874 Kilotonnes (kt=1,000 metric tonnes) of mill feed yielding 1,436 kt of graphite concentrate grading 95.0% Cg.

  • Average annual graphite concentrate production of 108 kt for the first eight years; LOM average annual production of 97.4 kt.

  • Average graphite mill head grade of 7.44% Cg for the first eight years; LOM average graphite mill head grade of 6.67% Cg.

  • Average LOM recovery of 93.5% Cg.

  • Indicated resources at the base case cut-off grade of 1.5% Cg of 23,165 kt at a 4.51% Cg grade for 1.04 Mt of graphite.

  • Inferred resource at the base case cut-off grade of 1.5% Cg of 46,821 kt at a 4.01% Cg grade for 1.9Mt of graphite.

  • Cash Cost of US$386 per tonne of graphite concentrate

  • All-in Sustaining Cost ("AISC") of US$406 per tonne of graphite concentrate

The Lomiko team is pleased to present the results of a PEA on its La Loutre Project, clearly demonstrating its potential for the Corporation to become a major North American graphite producer, with a positive after-tax Internal Rate of Return ("IRR") of 21.5% and after-tax Net Present Value ("NPV") of C$186M. The PEA supports an open pit project with production spanning 14.7 years with robust economics at a US$916/tonne Cg sale price, with very attractive cash costs and AISC, and low CAPEX. The first eight years will target production averaging 108 kt/a payable graphite concentrate peaking at 112 kt/a in year 4.

"La Loutre has shown it has the potential to become a highly profitable graphite mine in one of the most prolific producing regions in Canada. The La Loutre PEA was produced by the Ausenco team, one of the most experienced and reputable engineering firms working on mining projects in Canada. With further drill programs, we will continue to add to and upgrade resources as we seek to move the project forward towards production," said A. Paul Gill, President, CEO and director, Lomiko.

The Company’s goal is for La Loutre to be a cornerstone mine for its future growth in a mining friendly jurisdiction. With a strong treasury to support their next steps, the Company plans to commence a Preliminary Feasibility Study (PFS) and Environmental Impact Studies while continuing to explore the geological potential of its La Loutre property.

"The development of Canada-USA and Canada-EU critical minerals collaboration agreements gives access for graphite products in these markets. There is a focus on projects with environmental, social and governance (ESG) acceptability which Lomiko has also adopted. The strict criteria for the report should result in competitively priced graphite for customers in the North America and European markets. These recent agreements between Canada and the USA and Canada and Europe have identified graphite as a critical element that will be part of a new supply chain. Lomiko is ready to maximize La Loutre’s value by advancing the studies to further refine and de-risk the project," added Gill.

Lomiko looks forward to working with its partners in the MRC of Papineau region including the Lac-des-Plages and the Duhamel municipalities, as well as the surrounding First Nations communities. We will also continue to work closely with the Quebec and Federal governments to advance the La Loutre Project.

Further details are available under the July 29,2021 News Release

Qualified Person

All technical information, not pertaining to the PEA, in this news release has been reviewed and approved by Mike Petrina, P.Eng., who is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

About Lomiko Metals Inc.

Lomiko Metals holds a 100% interest in its La Loutre graphite development in southern Quebec. Located 180 kilometres northwest of Montreal, the property consists of one large, continuous block with 42 minerals claims totalling 2,509 hectares (25.1 km2). Lomiko also optioned The Bourier project consisting of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2) in Canada’s lithium triangle near the James Bay region of Quebec that has lithium deposits and mineralization trends.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the transaction; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the restart of operations; further steps that might be taken to mitigate the spread of COVID-19; the impact of COVID-19 related disruptions in relation to the Corporation's business operations including upon its employees, suppliers, facilities and other stakeholders; uncertainties and risk that have arisen and may arise in relation to travel, and other financial market and social impacts from COVID-19 and responses to COVID-19. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On Behalf of the Board,

"A. Paul Gill"

Chief Executive Officer

__________________________

1 The long-term weighted-average graphite price is determined by weighting the percentage of production of flake sizes of graphite against the respective flake size prices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210909005167/en/

Contacts

Lomiko Metals
A. Paul Gill, 604-729-5312
info@lomiko.com

SAN FRANCISCO, CA / ACCESSWIRE / September 9, 2021 / Hagens Berman urges Piedmont Lithium Inc. (NASDAQ:PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: Sept. 21, 2021
Visit:www.hbsslaw.com/investor-fraud/PLL
Contact An Attorney Now:PLL@hbsslaw.com
844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company "cannot be trusted" to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

"We're focused on investors' losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com:
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Vancouver, British Columbia–(Newsfile Corp. – September 8, 2021) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQB: MLNLF) ("Millennial" or the "Company") announces that it has received an unsolicited non-binding proposal from a foreign based lithium battery production company ("New Offeror") for the acquisition of all of the issued and outstanding common shares of Millennial (each, a "Share") not already owned by the New Offeror (the "New Offer"). The board of directors of Millennial (the "Board"), after consultation with the Company's financial and legal advisors, and after consideration of a recommendation from the Special Committee of the Board has unanimously determined that the New Offer constitutes a "Superior Proposal" in accordance with the terms of the arrangement agreement between Millennial, Ganfeng Lithium Co., Ltd. (HK: 1772) (OTCQX: GNENF) ("Ganfeng") and 1314992 B.C. Ltd. (a subsidiary of Ganfeng) dated July 16, 2021, as amended (the "Ganfeng Agreement").

Pursuant to the terms of the New Offer, the New Offeror has offered to acquire the Shares from Millennial's shareholders by way of a plan of arrangement at a price of CAD $3.85 per Share (the "Purchase Price"), payable in cash, representing total cash consideration to the Company's shareholders of approximately CAD $377 million. The Purchase Price under the New Offer represents a premium of CAD $0.25 per Share to the consideration offered to Millennial's shareholders pursuant to the Ganfeng Agreement.

The New Offer provides that the New Offeror will, subject to certain conditions, reimburse the Company for the termination fee of US $10 million payable to Ganfeng if the Ganfeng Agreement is terminated, and that the New Offeror will pay the Company a reverse termination fee of US $16 million in certain specified circumstances, which amount will be held in escrow. In addition, the New Offer provides that the New Offeror will agree to loan to the Company the monies required to fund payments to the holders of its warrants, stock options, restricted stock units and performance share units on completion of the arrangement, which payments will be the same as under the Ganfeng Agreement. The outside closing date for the arrangement under the New Offer is December 16, 2021, which will be automatically extended to January 29, 2022 in certain specified circumstances.

Except for the consideration being offered to Millennial's shareholders under the New Offer and for the terms referred to above, the arrangement agreement that would be entered into with the New Offeror is substantially the same as the Ganfeng Agreement.

In accordance with the Ganfeng Agreement, Millennial has notified Ganfeng that it considers the New Offer to be a Superior Proposal under the Ganfeng Agreement and that the ten business day matching period (the "Matching Period") has commenced, during which Ganfeng has the right, but not the obligation, to propose to amend the terms of the Ganfeng Agreement in order for the New Offer to cease to be a Superior Proposal (the "Match Right"). The Matching Period expires at 4:00p.m. (Shanghai Time) on September 27, 2021.

Further details of the New Offer will be provided following the entering into of a definitive agreement by Millennial with the New Offeror in respect of the New Offer if Ganfeng does not exercise its Match Right.

There can be no assurance at this time that the New Offer will lead to a termination of the Ganfeng Agreement or the execution of a definitive agreement with the New Offeror. Accordingly as of this date the Board has not changed its recommendation regarding the arrangement under the Ganfeng Agreement.

About Millennial

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

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, including statements with respect to the entering into a definitive agreement with the New Offeror and the terms thereof, the reimbursement of the termination fee, the loan from the New Offeror to the Company and timing for completion of the Arrangement. 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/95889

VANCOUVER, British Columbia, Sept. 08, 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 a share purchase agreement, dated September 7, 2021, with Big Smoky Holdings Corp. (“Big Smoky”) and each of the shareholders of Big Smoky (the “Vendors”), pursuant to which it will acquire all of the outstanding share capital of Big Smoky. Big Smoky controls the Crescent Dunes Project (“Crescent Dunes”), consisting of 3,886 acres of highly prospective exploration land immediately north of, and contiguous with, the Tonopah Lithium Claims (“TLC”) project, consolidating more of the known shallow occurrences of TLC lithium claystone mineralization.

Acquisition Highlights:

  • Crescent Dunes comprises a large parcel of highly prospective exploration acreage contiguous with the TLC project;

  • Crescent Dunes has similar geology to TLC with historical work including mapping, inclined trenching and outcrop and auger sampling work yielding highly anomalous mineralized claystone with up to 2,361 ppm Li;

  • The Company will acquire full title to Crescent Dunes with no royalties or other encumbrances though the acquisition of Big Smoky;

  • The Company intends to launch additional field work at Crescent Dunes, including initial drilling, as soon as practicable during Fall 2021; and

  • Following the acquisition, total land holdings at TLC will be 11,410 acres.

Simon Clarke, CEO of American Lithium, commented, “the Crescent Dunes acquisition adds further highly prospective exploration acreage to the TLC Project, which will now essentially cover the bulk of known shallow claystone geology in our basin. The occurrence of a sequence of higher-grade lithium-bearing claystones above 2,000 ppm Li at surface is very encouraging, especially because at TLC such grades were only encountered in drilling. We look forward to further exploration and drill testing, on what will become TLC North, to build on the encouraging recent historical results.”

Crescent Dunes Details & Historical Results

Crescent Dunes comprises approximately 3,886 acres of highly prospective exploration land immediately north of the TLC project border. Crescent Dunes has similar claystone geology as TLC, but with outcropping lithium mineralization exposed in an up-thrown block revealing a section through the mineralized Tertiary-age Siebert Formation claystone. The project is largely covered with recent alluvium and the prospective host claystone stratigraphy has been mapped, sampled and traced at surface for approximately 3 km (N-S) and approximately 2 km (E-W), and is interpreted to be present in the shallow subsurface where covered by alluvium on the entire project area.

Historical exploration work completed on behalf of the vendor between 2019-2021 was recently reviewed and summarized by Stantec Consulting Ltd. (“Stantec”) in an unpublished Technical Report entitled: “Technical Report Crescent Dunes Lithium Property, Nye County, Nevada, USA” with an effective date of June 17, 2021.

Exploration work including mapping, inclined trenching and sampling work and auger sampling identified multiple locations of highly anomalous mineralized claystone with up to 2,361 ppm Li. A 390’ (120 m) long inclined trench (Trench A) was mapped, logged and sampled with various upper and lower claystone lithologies present. A total of 56 samples were collected from the weathered trench, representing an inclined cross section through the claystone stratigraphy, with Li contents ranging from 239 ppm Li to 2,361 ppm Li with an average of 800 ppm Li. A second trench (Trench B) with abundant colluvium covered intervals was also mapped and sampled over a length of 490’ (150 m). 14 samples were collected with Li contents ranging from 121 to 2012 ppm Li, averaging 405 ppm Li.

Overall, the highest lithium grades were sampled from the basal portion of the Trench A section that is interpreted to be equivalent to the high-grade lithium mineralized claystone at TLC, but at, or near surface. A total of 84 auger samples along reconnaissance lines at various orientations were also completed across the project. The auger sampling results are range-based with 37 samples exceeding 300 ppm Li; 15 samples >500 ppm Li; and 5 samples >1,000 ppm Li with a maximum of 1482 ppm Li.

Geologically and geochemically, the Crescent Dunes claystone mineralization is very similar to TLC claystone mineralization including similar major and trace element enrichment and visible organic carbon association with elevated Li contents. The local geology is interpreted to represent an extension of TLC geology, potentially with some shallower exposure of the TLC higher grade claystone mineralization.

The Company reminds readers that exploration work completed previously at Crescent Dunes is historical in nature, but is being interpreted as indicative of project prospectivity that warrants further exploration. The Company intends to file appropriate notice permits to facilitate the first exploration drilling on this prospective new ground as soon as practicable with drilling expected to start in later fall 2021, following permitting approvals.

Transaction Details

The Company has entered into a share purchase agreement, dated September 7, 2021, with Big Smoky and the Vendors, pursuant to which the Company proposes to acquire all of the outstanding share capital of Big Smoky. Through its wholly-owned subsidiary, Big Smoky controls the Crescent Dunes Project.

Pursuant to the share purchase agreement, the Company has agreed to issue 2,500,000 common shares to the Vendors. The Company is at arms-length from Big Smoky and each of the Vendors. No commissions or finders’ fees are payable in connection with the acquisition of Big Smoky, and the acquisition remains subject to the approval of the TSX Venture Exchange.

Qualified Person

Mr. Ted O’Connor, P.Geo., a Director of American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical geological information contained in this news release.

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 5 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 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.

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani, Macusani and Crescent Dune Projects (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on January 19, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on January 29, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and was successful in obtaining such an injunction on 17 of the concessions including three of the four concessions included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15 concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title, rights and validity of those 15 remaining concessions to Macusani, with the result being that all 32 concessions are now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the last stage of the judicial process. A final date for the last stage of the judicial process has not yet been set. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of the Processes, its title to the concessions could be revoked.

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

MONTREAL, Sept. 08, 2021 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX-V: SOI) announces its intent to undertake a non-brokered private placement with investors relying on a prospectus exemption pursuant to Regulation 45-106 respecting Prospectus Exemptions (the «Placement»). The Placement consists of a maximum of 15,000,000 Units for an amount of $1,500,000. This private placement has been conditionally approved by the TSX Venture Exchange. Each Unit price is $0.10 and consists of one common share and one warrant. Each warrant will entitle its holder thereof to subscribe for one common share at $0.15 per share for a period of 18 months after the closing date of the private placement.

The proceeds of the Placement will be mainly used by Sirios to advance its Cheechoo gold project, as well as for general purposes.

Sirios can pay up to 6 % of the total amount as finder’s fee. Directors, officers and employees may participate in this placement.

There will be a hold period of four months and one day on all securities issued under this financing. This private placement is subject to regulatory approval and filings.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Sirios Resources Inc.
Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Québec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.

Visit our website at www.sirios.com or contact:
Dominique Doucet, President, Eng.
514-918-2867
ddoucet@sirios.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.

Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the closing of any additional tranches to the private placement, the final approval of the TSX Venture Exchange in connection with the Offering, the development of the Cheechoo project and, generally, the above “About Sirios Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavors to develop the Cheechoo, Aquilon and Maskwa projects and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

San Francisco, California–(Newsfile Corp. – September 8, 2021) – Hagens Berman urges Piedmont Lithium Inc. (NASDAQ: PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: Sept. 21, 2021
Visit: www.hbsslaw.com/investor-fraud/PLL
Contact An Attorney Now: PLL@hbsslaw.com
844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company "cannot be trusted" to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

"We're focused on investors' losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95821

NEW YORK, September 07, 2021–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL, PLLL) between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"), of the important September 21, 2021 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased Piedmont securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont, and its lithium business, does not have "strong local government support"; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005931/en/

Contacts

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

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — The Board of Directors of Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) acknowledges receipt of a form of Arrangement Agreement from Wyloo Metals (“Wyloo”) on the evening of Friday September 3, 2021 (the "Arrangement Agreement"), which provides the terms and conditions of the potential transaction proposed by Wyloo to acquire all of the outstanding common shares of Noront for C$0.70 per share.

Noront and its advisors are reviewing the Arrangement Agreement and the Noront Board and Special Committee remain focused on fulfilling their fiduciary duties and on surfacing maximum value for the Noront shareholders. At the current time, Noront understands that the potential transaction proposed by Wyloo remains subject to satisfaction of preconditions, including completion of due diligence. Noront intends to negotiate with Wyloo directly and constructively, with a view to the best interests of Noront minority shareholders, as it has always been willing to do.

Noront confirms it has signed and returned to Wyloo a Confidentiality Agreement in the form provided by Wyloo, thus allowing Wyloo the ability to conduct due diligence on the terms it requested. Noront views the terms and conditions of its initial confidentiality agreement and of the support agreement with BHP Western Mining Resources International Pty Ltd (“BHP”) and its parent, BHP Lonsdale Investments Pty Ltd (the “Support Agreement”) as entirely in line with prevailing market practice; however, Noront sought and received the agreement of BHP to enter into the modified form of Confidentiality Agreement requested by Wyloo in order to facilitate completion of due diligence by Wyloo. This consent is required pursuant to the Support Agreement which requirement is customary for transactions of this nature.

Noront further confirms that there are no undisclosed agreements, understandings, payments or other incentives for Noront’s directors or officers in connection with the transaction with BHP. Wyloo’s assertions that, among other things, the exercise of options and share awards by Noront officers and directors is unusual is simply incorrect. The acceleration provisions provided in the Support Agreement for the options and share awards are also customary for a transaction of this nature and are fully disclosed in the Support Agreement and other public filings relating to the proposed transaction with BHP. As is customary, the lock-up agreements BHP entered into with the directors and officers of Noront will automatically terminate if the Support Agreement is terminated in accordance with its terms, including if Noront terminates the Support Agreement to accept a superior proposal.

Noront looks forward to providing its shareholders with updates in respect of the transaction proposed by Wyloo in due course.

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

Contact Information

Media Relations

Investor Relations

Ian Hamilton

Greg Rieveley

Tel: +1 (905) 399-6591

Tel: +1 (416) 367-1444

ihamilton@longviewcomms.ca

greg.rieveley@norontresources.com

Janice Mandel

Tel: +1 (647) 300-3853

janice.mandel@stringcom.com

Forward Looking Statements

Certain statements contained in this news release contain “forward-looking information” within the meaning of applicable securities laws and are prospective in nature. 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 arrangement agreement; the BHP offer; and the intentions of Wyloo to make a binding offer to acquire Noront (if at all).

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 that the Offer will be successful, that all required regulatory consents and approvals will be obtained and all other conditions to completion of the transaction will be satisfied or waived, and the ability to achieve goals. 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, 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.

By Dave Sherwood

SANTIAGO, Sept 7 (Reuters) – Albemarle Corp, the world's top lithium producer, said on Tuesday it has maintained output from its Chile operations despite an ongoing strike by one of the company's four unions in the South American nation.

The 135-member "Albemarle Salar" union, which the company said comprises about half the workers at its Salar plant, went on strike in August after failing to reach a labor contract deal with the U.S.-based lithium miner.

The company in a statement said the Salar workers remained on strike – part of a regulated legal process in Chile – but that operations continued apace there and at its La Negra processing plant nearby.

"We have a solid contingency plan that maintains operational continuity and our production at La Negra to continue meeting our customers' needs," the company said in the statement.

Representatives of the striking union did not immediately reply to requests for comment.

Albemarle's Atacama operations in Chile are a vital source of the ultralight white metal used in the batteries that power electric vehicles. Top competitor SQM operates nearby.

The company said it had failed to reach agreement with workers at the Salar union but had struck deals with the remaining three guilds at its operations in Chile.

"We have presented four offers, which have been rejected because they aspire to an end-of-conflict bonus amount that far exceeds what was provided to the other three unions, with whom we successfully concluded negotiations this year," the company said.

The union on strike has said in a previous written statement that it is particularly disadvantaged by the Salar's distant location, which it said shortens rest time. The union also expressed concern over inequality around compensation.

Albemarle extracts lithium-rich brine from beneath the salt flat at its Salar plant, then processes the distilled brines into battery grade lithium carbonate at its La Negra chemical plant near the city of Antofagasta in northern Chile.

(Reporting by Dave Sherwood Editing by Bill Berkrot)

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