Tech Metals Archives - Page 30 of 71

Vancouver, British Columbia–(Newsfile Corp. – August 25, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that it has closed the second and final tranche of its oversubscribed non-brokered private placement (the "Private Placement") of units ("Units") announced on July 15, 2021. On closing, the Company issued 7,706,669 Units at CAD $0.06 per Unit for proceeds of CAD $462,400. Each Unit is comprised of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional common share at an exercise price of CAD $0.08 per common share until June 30, 2024. Following the closing, the Company has 210,830,443 issued and outstanding common shares.

The proceeds of the Private Placement will be used for exploration on the Company's Raleigh Lake Project and for general corporate and administrative costs.

Closing of the Private Placement is subject to final acceptance by the TSX Venture Exchange. All Private Placement securities will be restricted from trading for a period of four months plus one day from the date of closing. No finder's fees were paid on this tranche of the transaction.

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

"This placement, which we have now closed at slightly over CAD $1,000,000, allows us to make significant headway with our plans at Raleigh Lake where we have now expanded the area of our claims to 170 square kilometres. Our drilling earlier this year in Zone 1 of the claims (around 5% of our new total claims) found interesting levels of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. We will be progressing with additional drilling, leading to the publishing of some initial minimum estimates of the size of resource, and also conducting an airborne geophysical survey on our new claims."

Certain insiders participated in this tranche of the Private Placement. The issuance of private placement securities to non-arms' length parties constitutes related-party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Because the Company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The Company did not file a material change report 21 days prior to the closing of the Private Placement as the details of the participation of insiders of the Company had not been confirmed at that time.

About International Lithium Corp.

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

A key goal is to become a well funded company to turn our aspirations into reality.

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

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina.

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

The Mariana lithium-potash brine project, which is the subject of this news release, is located within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region.

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

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

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

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

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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/94425

LOS ANGELES, Aug. 25, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.

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

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

AdaptHealth Corp. (NASDAQ: AHCO)
Class Period: November 11, 2019 – July 16, 2021
Lead Plaintiff Deadline: September 27, 2021

Concho Resources Inc. (NYSE: CXO)
Class Period: February 21, 2018 – July 31, 2019
Lead Plaintiff Deadline: September 28, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the well spacing at Dominator was aggressive and highly risky, and premised on no reasonable basis to believe it would work as intended; (2) Concho's practice of implementing tighter well spacing was not relegated to a handful of "tests" and therefore more widespread than the market was led to believe; (3) it was known or recklessly disregarded that any measures to mitigate well spacing risks were non-existent and or/impossible; (4) these risks had manifested during the Class Period, causing underground well interference and permanently decreasing production, forcing the Company to scale back production targets and adopt more conservative spacing measures in its other projects; (5) it would take multiple quarters to unwind the impacts of the widespread well spacing failure; and (6) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Zymergen Inc. (NASDAQ: ZY)
IPO: April 2021
Lead Plaintiff Deadline: October 4, 2021

The Registration Statement was materially false and misleading and omitted to state material adverse facts. Specifically, Defendants failed to disclose to investors: (1) that, during the qualification process for Hyaline, key customers had encountered technical issues, including product shrinkage and incompatibility with customers’ processes; (2) that, though the qualification process was critical to achieving market acceptance for Hyaline and generating revenue, Zymergen lacked visibility into the qualification process; (3) that, as a result, the Company overestimated demand for its products; (4) that, as a result of the foregoing, the Company’s product delivery timeline was reasonably likely to be delayed, which in turn would delay revenue generation; and (5) that, 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 be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

CALGARY, ALBERTA –News Direct– Lithium Chile Inc.

CALGARY, ALBERTA – TheNewswire – August 25, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) (TSXV:LITH) (OTC:LTMCF) is pleased to announce that the Company’s planned production test well began drilling on its Arizaro property in Salta Province, Argentina, on August 23.

Steve Cochrane, President and CEO of Lithium Chile commented: “I am extremely pleased at the speed with which our Argentinian management team has been able to plan and execute on our Arizaro production test well. They have assembled a group of service providers that are regarded as the best in Salta province and I am confident they will bring this project in successfully on time and on budget. Given the immense size and potential of the Arizaro prospect this is truly a game changing opportunity for Lithium Chile”

HIGHLIGHTS

– Arizaro property secured: definitive agreement to acquire 60% interest in Arizaro property has now been executed and Lithium Chile’s wholly owned Argentinian subsidiary, Argentum Lithium – legally incorporated and registered;

– Indigenous Community Approval: Production test program approved and supported by the Indigenous community of Tolar Grande;

– Infrastructure construction underway: SMG Group hired to build access road and drill pad for production well, 17 km access road completed;

– Drilling Rig ‘ready to start’: Drilling contractor, Andina Perforaciones, has been contracted to work on the Arizaro property and is currently mobilizing the drill rig;

– Pandemic not affecting timetable – the timetable is currently unaffected by Covid restrictions

Road and Infrastructure construction commenced on the August 9, 2021 and was completed on August 20. Seventeen km. road and drill pad have been completed, fuel tanks have been set up and brine pits have been dug. The production test well drilling will commence the week of August 23, 2021.

The initial production test well will be drilled to a depth of 500 metres and is anticipated to take 60 days to complete. Geophysics show that the target brine aquifer identified by the prior exploration well is between 300 and 500 metres deep. Samples are planned for every 50 metres. After the production well is completed a down hole pump will be installed and a planned 30-day pump test is planned. This pump test is designed to provide data on flow rates, recharge capacity and lithium grade of the brine produced. The data collected will determine the commercial potential of the lithium prospect.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 68,000 hectares covering sections of 12 lithium prospective Salars in Chile and now, 23,300 hectares in Argentina. A metallurgical sample program has just been completed on Salar de Laguna Blanca with assays pending.

Lithium Chile also owns 5 properties, totaling 22,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-BB under the symbol “LTMCF”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.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.

NOT FOR RELEASE IN THE UNITED STATES OF AMERICA

Forward Looking Statements

This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur.

You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Contact Details

Steven Cochrane, President and CEO

steve@lithiumchile.ca

Company Website

https://lithiumchile.ca/

View source version on newsdirect.com: https://newsdirect.com/news/lithium-chile-signs-definitive-agreement-and-begins-drill-program-on-its-production-test-well-on-the-arizaro-property-in-argentina-on-track-and-ahead-of-schedule-144624506

VANCOUVER, British Columbia, Aug. 24, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

Minera Salar Blanco (“MSB”) continues to work with Mitsui & Co. Ltd. on its due diligence, along with process testing of samples of Maricunga brine in its Japanese facility.
It is expected that the existing non-binding MOU with “MSB”, announced to the TSX/ASX on 11 May 2021, will progress to be binding in Q1 2022.
An updated JORC/43-101 Resource Report is due for finalization and release mid-September 2021.
An updated Definitive Feasibility Study (DFS) is due for release in early November 2021.
“MSB” is also pleased to advise that it is in discussions with several other potential international partners to take a financial position, with both debt and/or equity, in the development of the project.

Lithium Power International Limited (ASX:LPI) 50.6% majority owner of Minera Salar Blanco (“MSB”) announced today the completion of a placement gross proceeds of $AUD 12.4 million. Funds raised from the Placement will be used for ongoing funding for Minera Salar Blanco (“MSB”) in the development of the Maricunga Lithium Brine Project (“Maricunga”) and for renewed exploration programs in Western Australia.

Bearing Lithium’s Chairman Gil Playford commented:

“On July 19, 2021 Bearing announced a private placement of $CAD 1.6 million. Bearing invested $US 1.2 million in “MSB” on August 3, 2021 for its share of equity requirements in “MSB” for 2021, prior to a final investment decision in Maricunga for 2022.”

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.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.

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are 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 uncertainties and contingencies. Many factors, both known and unknown, could cause actual 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 and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

New York, New York–(Newsfile Corp. – August 24, 2021) – Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Piedmont Lithium Inc. (NASDAQ: PLL).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18887&from=5

Affected shareholders purchased shares of PLL between March 16, 2018 and July 19, 2021

Shareholders interested in representing the class of wronged shareholders have until September 21, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Piedmont Lithium Inc. issued 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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94225

RADNOR, Pa., Aug. 24, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces 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 Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) (“Piedmont”) 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 securities during 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 at info@ktmc.com; or click 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

NEW YORK, NY / ACCESSWIRE / August 24, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Stable Road Acquisition Corp. (NASDAQ:SRAC)

CONTACT JAKUBOWITZ ABOUT SRAC:
https://claimyourloss.com/securities/stable-road-acquisition-corp-loss-submission-form/?id=18915&from=1

Class Period: October 7, 2020 – July 13, 2021

Lead Plaintiff Deadline: September 13, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose 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.

CarLotz, Inc. (NASDAQ:LOTZ)

CONTACT JAKUBOWITZ ABOUT LOTZ:
https://claimyourloss.com/securities/carlotz-inc-loss-submission-form/?id=18915&from=1

Class Period: December 30, 2020 – May 25, 2021

Lead Plaintiff Deadline: September 7, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to a surge in inventory during the second half of fiscal 2020, CarLotz was experiencing a "logjam" resulting in slower processing and higher days to sell; (2) as a result, the Company's gross profit per unit would be negatively impacted; (3) to minimize returns to the corporate vehicle sourcing partner responsible for more than 60% of CarLotz's inventory, the Company was offering aggressive pricing; (4) as a result, CarLotz's gross profit per unit forecast was likely inflated; (5) this Company's corporate vehicle sourcing partner would likely pause consignments to the Company due to market conditions, including increasing wholesale prices; and (6) 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.

Piedmont Lithium Inc. (NASDAQ:PLL)

CONTACT JAKUBOWITZ ABOUT PLL:
https://claimyourloss.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18915&from=1

Class Period: March 16, 2018 – July 19, 2021

Lead Plaintiff Deadline: September 21, 2021

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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

View source version on accesswire.com:
https://www.accesswire.com/661223/LAWSUITS-FILED-AGAINST-SRAC-LOTZ-and-PLL–Jakubowitz-Law-Pursues-Shareholders-Claims

BRISBANE, Australia, Aug. 25, 2021 (GLOBE NEWSWIRE) — Today, Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company), a dynamic global lithium chemicals producer, announces its financial results for the full year ended 30 June 2021 (FY21), as well as the completion of the merger with Galaxy Resources (Galaxy).

Key Outcomes:

FY21 full year Net Loss After Tax of US$89.5 million impacted by US$74.9 million of Argentine tax rate changes and the effects of inflation and devaluation on deferred tax balances and tax losses
Lithium prices are improving reflecting strong end market and customer demand
Management of COVID 19 impacts has been highly effective
Olaroz Stage 2 will be complete in FY22 and will deliver a significant reduction in cash costs and step up in volumes
Naraha is near completion and awaiting lifting of COVID-19 travel restrictions for technical personnel to start commissioning
Merger with Galaxy to deliver:
- A top 5 global lithium chemicals company
- Highly complementary portfolio of assets
- Industry leading growth profile
- Synergies unique to this combination
- Highly experienced board & management team
- Enhanced scale and financial capacity

FY21 Results

Comprehensive COVID-19 bio-security protocols have been highly effective in limiting workforce infection and transmission
Attributable group EBITDAIX¹ is up to US$2.9 million, from a loss of US$3.9 million with prices received more than doubling in the second half of the year (versus the first half), higher sales volumes and costs being reduced by 12%. The Group will benefit from the stronger pricing environment that has materialised since the 3^rd quarter of the financial year
Statutory consolidated net loss after tax of US$89.5 million for FY21 compared with FY20 loss of US$67.2 million. The underlying net loss after tax for the group is US$20.8 million² after adjustments for tax rate changes, inflation and Argentine peso devaluation and includes US$18.8 million of non-cash depreciation and amortisation
Total production of 12,611 tonnes of lithium carbonate is up 6% on the previous corresponding period despite COVID-19 disruptions
Battery grade lithium carbonate production reached 66% of total production for the June quarter and 48% for the full year, up from 24% in FY20
Positive operational improvements from the Olaroz Lithium Facility:
- Full year costs of US$3,860/t² were down 12% year on year despite a full year of COVID-19 related costs and on-going disruptions. Olaroz remains among the lowest cost producers of lithium chemicals in the world
- Gross operating cash margins of 23% equating to US$1,123/tonne, despite lower prices
- Significant quality improvements have resulted in very high customer satisfaction ratings
- FY22 sales are contracted with pricing linked to market indices and other indicators for approximately 80% of committed volumes.
As of 30 June 2021, Orocobre on a 100% Group basis had cash of US$258.3 million
Naraha Lithium Hydroxide Plant is mostly complete and the Stage 2 Expansion of the Olaroz Lithium Facility is nearing 60% complete.

Merger with Galaxy

On 19 April 2021 the Company announced that it had entered into a Merger Implementation Deed with Galaxy Resources Ltd. The Merger would result in the issue of 0.569 Orocobre shares for every Galaxy share.

Since then, all necessary approvals have been obtained to complete the merger effective from today 25 August 2021.

The merger has created a business that has the potential to be a Top 5 global lithium chemicals company³ with a highly complementary portfolio of assets delivering geographical and product diversification across brine, hard rock and vertical integration across the supply chain.

The combined company now has an industry leading growth profile with enhanced financial position to optimise and potentially accelerate development of future projects with the ability and intent to capture further downstream value.

Implementation

A detailed review of the business and reporting structure, cultural integration and communications has been conducted with external advisers. Key operating and corporate leadership positions are in place and the reporting structure has been re-aligned around the geographic distribution of assets and personnel.

Work programs are underway to pool key technical and project development knowledge in order to optimise growth projects.

Debt funding options for Sal de Vida stage 1 and subsequent stages are being considered to provide further balance sheet flexibility.

A range of projects remain underway which will contribute to the successful merger of the two companies.

Communication of a detailed strategic plan for growth projects is expected within 6 months, including development pathways for subsequent stages of Naraha, Olaroz, Sal de Vida and the James Bay project.

Comments

Orocobre Managing Director and CEO, Mr Martín Pérez de Solay said, “Orocobre has continued to deliver positive operating margins, despite COVID-19 and weaker market conditions throughout the first half of the financial year. This has been achieved through strong sales performance and a focus on costs and operating excellence.

“The completion of the merger today brings together assets and teams with highly complementary skills and knowledge. I would like to welcome Galaxy shareholders, employees and other stakeholders to Orocobre which subject to shareholder approval we will be rebranding to Allkem Limited and changing the ASX ticker to AKE.

“The name Allkem recognises that together we can deliver more for stakeholders. With the merger we will go further in our commitment to delivering the lithium chemicals that the world increasingly needs to mitigate climate change and carbon emissions.

“The merger consolidates the combined group’s position in Argentina and provides an opportunity to build on a strong platform there and in our other key jurisdictions globally, including Australia, Japan and North America. It will give us significant operational, technical and financial flexibility to deliver the full value of our combined portfolio.

“Our operating strategy retains a focus on safety, quality and productivity which combined with disciplined cost management will deliver further improved operating results ensuring we remain a low-cost producer of lithium carbonate,” Mr Perez de Solay said.

This announcement has been approved by the Orocobre Limited Board of Directors

For more information please contact:

Andrew Barber
Chief Investor Relations Officer
Orocobre Limited
T: +61 7 3720 9088
M: +61 418 783 701
E: abarber@orocobre.com
W: www.orocobre.com

Twitter: https://twitter.com/OrocobreLimited
LinkedIn: https://www.linkedin.com/company/orocobre-limited
Facebook: https://www.facebook.com/OrocobreLimited/
Instagram: https://www.instagram.com/orocobre/
YouTube: https://www.youtube.com/OrocobreLimited

Click here to subscribe to the Orocobre e-Newsletter

Notes:

Unless otherwise stated, all financial data in this release is quoted in US dollars⁴.

Orocobre’s results are reported under International Financial Reporting Standards (IFRS). This report also includes certain non-IFRS financial information, including the following:

NCI is the non-controlling interest which represents the portion of equity ownership in SDJ PTE
EBITDAIX is ‘Earnings before interest, tax, depreciation and amortisation, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’
EBITIX is ‘Earnings before interest, tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’
EBTIX is ‘Earnings before tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’
‘underlying NPAT’ and ‘underlying EBITDAIX’ being statutory profit being adjusted for certain one off and non-recurring items

About Orocobre Limited

Orocobre Limited (Orocobre) is a dynamic global lithium carbonate producer and an established producer of boron. Orocobre is dual listed on the Australia and Toronto Stock Exchanges (ASX: ORE), (TSX: ORL). Orocobre’s interests include its Olaroz Lithium Facility in Northern Argentina, a material JORC Resource in the adjacent Cauchari Basin and Borax Argentina, an established boron minerals and refined chemicals producer. The Company has commenced an expansion at Olaroz and construction of the Naraha Lithium Hydroxide Plant in Japan. For further information, please visit www.orocobre.com.

Summary Information
The following disclaimer applies to this announcement and any information contained in it (the Information). The Information in this announcement is of general background and does not purport to be complete. It should be read in conjunction with Orocobre's other periodic and continuous disclosure announcements lodged with ASX Limited, which are available at www.asx.com.au. You are advised to read this disclaimer carefully before reading or making any other use of this announcement or any Information contained in this announcement. In accepting this announcement, you agree to be bound by the following terms and conditions including any modifications to them.

Forward-looking Statements
This announcement may include forward-looking statements. These forward-looking statements are based on Orocobre's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Orocobre, which could cause actual results to differ materially from such statements. Orocobre makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of this announcement.

TSX matters
Orocobre is an “Eligible Interlisted Issuer” for purposes of the TSX. Orocobre has relied upon Section 602.1 of the TSX Company Manual in respect of the Placement on the basis that it has been completed in accordance with the standards of the ASX.

¹ see notes at end of release
² Underlying net loss is calculated after adjustment for change in fair value, forex losses, tax effects, merger costs, restructuring and other costs
³ Based on market capitalisation as at ASX market close on 16 April 2021.
⁴Financial data has been translated to US Dollars using average exchange rates for the relevant period in the income statement.

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") announces that it has acquired through staking more than 14,000 hectares of claims in the vicinity of the Raleigh Lake lithium and rubidium project in Ontario, Canada, bringing the Raleigh Lake project area to just over 17,000 hectares (170 square kilometres). The new claims were staked within the Raleigh Lake Greenstone Belt adjacent to the pre-existing Raleigh Lake claim grouping.

The Company's ongoing investigations in the region determined that the surrounding greenstone belt is significantly underexplored and the potential to host additional mineral deposits is quite high. Previous exploration by Canadian Nickel Co Ltd. in the early 1970s had identified pegmatite in drill holes that were targeting nickel mineralization. The Company intends to conduct an airborne geophysical survey as soon as practical as the first phase of exploration on the newly acquired claims.

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

Raleigh Lake is ILC's major project in North America, and has the great economic benefit relative to many other Canadian lithium projects of being close to major transport infrastructure. Our drilling earlier this year in Zone 1 of the claims (around 5% by area of our new total claims) validated interesting quantities of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. Expanding the area of our claims in the area significantly was a logical move. The money we have raised this year will allow us to make good progress with further exploration and in being able to publish some initial minimum estimates of the size of resource.

Qualified person
Jon Findlay, Ph.D, P.Geo, a consultant to the Company and a "Qualified Person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About International Lithium Corp.

A key goal is to become a well funded company to turn our aspirations into reality.

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina.

The Mariana lithium-potash brine project, which is the subject of this news release, is located within the renowned South American, "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region.

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

Cautionary Statement Regarding Forward-Looking Information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94119

NEW YORK, NY / ACCESSWIRE / August 23, 2021 / 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)(NASDAQ: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.

——————————-

Contact Information:

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

SOURCE: The Rosen Law Firm, P.A.

View source version on accesswire.com:
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NEW YORK, NY / ACCESSWIRE / August 22, 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.

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

The PLL lawsuit alleges Piedmont Lithium Inc. made materially false and/or misleading statements and/or failed to disclose during the class period 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=18814&from=1

Iterum Therapeutics Plc (NASDAQ:ITRM)
Class Period: November 30, 2020 – July 23, 2021
Lead Plaintiff Deadline: October 4, 2021

During the class period, Iterum Therapeutics Plc allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the sulopenem New Drug Application ("NDA") lacked sufficient data to support approval for the treatment of adult women with urinary tract infections caused by designated susceptible microorganisms proven or strongly suspected to be nonsusceptible to a quinolone; (ii) accordingly, it was unlikely that the Food and Drug Administration would approve the sulopenem NDA in its current form; (iii) Defendants downplayed the severity of issues and deficiencies associated with the sulopenem NDA; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in ITRM: https://www.kleinstocklaw.com/pslra-1/iterum-therapeutics-plc-loss-submission-form?id=18814&from=1

Koninklijke Philips N.V. (NYSE:PHG)
Class Period: February 25, 2020 – June 11, 2021
Lead Plaintiff Deadline: October 15, 2021

Koninklijke Philips N.V. allegedly made materially false and/or misleading statements and/or failed to disclose 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.

Learn about your recoverable losses in PHG: https://www.kleinstocklaw.com/pslra-1/koninklijke-philips-n-v-loss-submission-form?id=18814&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:
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Piedmont Lithium Inc. (NASDAQ:PLL)
Class Period: March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: September 21, 2021

The complaint alleges that throughout the class period Piedmont Lithium Inc. 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=18804&from=1

Ardelyx, Inc. (NASDAQ:ARDX)
Class Period: August 6, 2020 – July 19, 2021
Lead Plaintiff Deadline: September 28, 2021

The ARDX lawsuit alleges that Ardelyx, Inc. 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.

Learn about your recoverable losses in ARDX: https://www.kleinstocklaw.com/pslra-1/ardelyx-inc-loss-submission-form?id=18804&from=1

Annovis Bio, Inc. (NYSE:ANVS)
Class Period: May 21, 2021 – July 28, 2021
Lead Plaintiff Deadline: October 18, 2021

Throughout the class period, Annovis Bio, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Annovis's ANVS401 (Posiphen), an orally administrated drug which purportedly inhibited the synthesis of neurotoxic proteins that are the main cause of neurodegeneration, did not show statistically significant results across two patient populations as to factors such as orientation, judgement, and problem solving; and (2) 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 ANVS: https://www.kleinstocklaw.com/pslra-1/annovis-bio-inc-loss-submission-form?id=18804&from=1

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:
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NEW YORK, NY / ACCESSWIRE / August 20, 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.

DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. (NASDAQ:DKNG)

Investors Affected: December 23, 2019 – June 15, 2021

A class action has commenced on behalf of certain shareholders in DraftKings Inc f/k/a Diamond Eagle Acquisition Corp. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) SBTech Global Limited ("SBTech"), a company acquired by DraftKings, had a history of unlawful operations; (ii) accordingly, DraftKings' merger with SBTech exposed the Company to dealings in black-market gaming; (iii) the foregoing increased the Company's regulatory and criminal risks with respect to these transactions; (iv) as a result of all the foregoing, the Company's revenues were, in part, derived from unlawful conduct and thus unsustainable; (v) accordingly, the benefits of the Business Combination were overstated; and (vi) 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/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form/?id=18800&from=1

CarLotz, Inc. (NASDAQ:LOTZ)

Investors Affected: December 30, 2020 – May 25, 2021

A class action has commenced on behalf of certain shareholders in CarLotz, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to a surge in inventory during the second half of fiscal 2020, CarLotz was experiencing a "logjam" resulting in slower processing and higher days to sell; (2) as a result, the Company's gross profit per unit would be negatively impacted; (3) to minimize returns to the corporate vehicle sourcing partner responsible for more than 60% of CarLotz's inventory, the Company was offering aggressive pricing; (4) as a result, CarLotz's gross profit per unit forecast was likely inflated; (5) this Company's corporate vehicle sourcing partner would likely pause consignments to the Company due to market conditions, including increasing wholesale prices; and (6) 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/carlotz-inc-loss-submission-form/?id=18800&from=1

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=18800&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

View source version on accesswire.com:
https://www.accesswire.com/660784/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-DKNG-LOTZ-and-PLL

Radnor, Pennsylvania–(Newsfile Corp. – August 21, 2021) – The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) (NASDAQ: PLLL) ("Piedmont") 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 securities during 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 at info@ktmc.com; or click 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. On May 17, 2021, in connection with Piedmont's redomiciliation from Australia to the United States, Piedmont's American Depositary Share ("ADS") holders received one share of Piedmont common stock for each ADS.

The Class Period commences on March 16, 2018, when Piedmont filed a Registration Statement on a Form 20-F. On June 14, 2018, Piedmont issued a press release entitled "PIEDMONT LITHIUM ANNOUNCES MAIDEN MINERAL RESOURCE" which stated, in part, its "strategy of building an integrated lithium processing business based on proven, conventional technologies and benefitting from the inherent advantages of Piedmont's strategic North Carolina location, including; … [s]trong local government support." 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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93934

SAN FRANCISCO, Aug. 21, 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

NEW YORK, Aug. 20, 2021 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (“Piedmont” or the “Company”) (NASDAQ: PLL) securities from March 16, 2018 through July 19, 2021, inclusive (the “Class Period”). Investors have until September 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On July 20, 2021, before market hours, Reuters reported that Piedmont “has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so.” According to the article, a majority of the board of commissioners said, “they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected.” On this news, the Company’s stock price declined by $12.56 per share, or approximately 19.9%, from $63.08 per share to close at $50.52 per share on July 20, 2021.

The lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Piedmont securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

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

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-371-6600
https://www.kmllp.com
investigations@kmllp.com

In this article, we will take a look at the 15 most valuable lithium companies in the world. You can skip our detailed analysis of the growing lithium industry, and go directly to the 5 Most Valuable Lithium Companies in the World.

Lithium has been at the forefront of many technological advancements over the last three decades. A low-density metal, lithium is on its way to change the future for the better. The lithium-ion battery, in particular, has taken the world by storm, facilitating the mobile and smartphone industries and, in the last decade, electric vehicles.

According to a report published by EnviroCORE in 2018, lithium is one of the most crucial pieces of the green energy puzzle and is of great importance to the European Union in terms of demand and consumption.

In the last 20 years alone, there has been an exponential increase in the consumption of metals worldwide. The global lithium industry is a rapidly expanding one and analysts expect the current demand for lithium at 77,000 tonnes to double by 2024. This is primarily due to the decline in cost and improved performance of lithium-ion batteries.

As of 2018, approximately 39% of global lithium production was channeled into manufacturing lithium-ion batteries. The market is only expected to grow by 2024 to an estimated $210 million, with lithium-ion batteries taking up 66% of global lithium production. The demand of lithium is seeing a surge worldwide as companies like Tesla Inc (NASDAQ: TSLA), Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM), EnerSys (NYSE: ENS) and Livent Corporation (NYSE: LTHM) continue to make energy-efficient products.

15 Most Valuable Lithium Companies in the World

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Our Methodology

We have selected the 15 biggest and most notable lithium companies and ranked them according to their market capitalization from lowest to highest. Many of these companies have operations in up to 20 countries. There is a special focus on the lithium mining projects these companies are currently involved in and the lithium-based products that they supply to their partners.

With this context and industry outlook in mind, let's now discuss our list of the 15 most valuable lithium companies in the world.

15. Savannah Resources Plc (LSE: SAV.L)

Market Cap: $86.31 million (as of August 17)

Savannah Resources Plc (LSE: SAV.L) is to play an incredibly significant role in Europe’s green revolution. The company is currently in the middle of a new lithium project, Mina da Barroso, highlighting a strong position in 2021. The new project is located in Portugal and the company also has interests in Mozambique. It is set to be the most prestigious spodumene lithium project in all of Western Europe.

As the EV revolution led by companies like Tesla Inc (NASDAQ: TSLA) causes a surge in lithium demand, companies like Savannah Resources Plc, along with Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM), EnerSys (NYSE: ENS) and Livent Corporation (NYSE: LTHM) are expected to gain in the coming years.

14. Bacanora Lithium Plc (LSE: BCN.L)

Market Cap: $304.67 million (as of August 17)

Bacanora Lithium PLC (LSE: BCN.L) is a company based in the United Kingdom that manufactures lithium-ion batteries. Currently, the company is commercializing its newest project in Mexico, the Sonora Lithium Project. It has a production capability of 35,000 metric tonnes per annum of lithium carbonate.

13. Piedmont Lithium Inc. (NASDAQ: PLL)

Market Cap: $870 million (as of August 17)

Piedmont Lithium Inc (NASDAQ: PLL), a US-based company, located on the Carolina Tin Spodumene Belt of North Carolina, produces lithium hydroxide and is targeted towards clean energy and powering electric vehicles (EVs).

According to Piedmont Lithium’s March Quarterly Report 2021, the company entered into an agreement with Sayona Quebec, purchasing a 25% stake. The company also increased its total mineral resources for its flagship operations, Piedmont Lithium Carolina.

12. Lithium Americas Corp. (NYSE: LAC)

Market Cap: $1.84 billion (as of August 17)

Lithium Americas Corp (NYSE: LAC) is a company based in Canada, currently operating two of the largest lithium projects, Thacker Pass in the US and Cauchari-Olaroz in Argentina. The Thacker Pass lithium project is expected to be commissioned in 2022 with a production capacity of 30,000tpa of battery-grade lithium carbonate.

11. Galaxy Resources Limited (ASX: GXY.AX)

Market Cap: $1.93 billion (as of August 17)

Galaxy Resources Ltd. (ASX: GXY.AX) is one of the leading producers of lithium. It has several operations and projects under its belt including a hard-rock mine in Western Australia, a hard-rock spodumene project in Canada, and a brine project in Argentina. Galaxy Resources Ltd (ASX: GXY.AX) is also working to develop its flagship project in Argentina, Sal de Vida. It also caters to the demand of the North American and European markets for electric vehicles.

10. Orocobre Limited (ASX: ORE.AX)

Market Cap: $2.36 billion (as of August 17)

Orocobre Ltd. (ASX: ORE.AX) is one of the leading companies in Argentina’s Lithium Triangle. Orocobre Ltd. (ASX: ORE.AX) is also in partnership with Toyota Tsusho Corporation (TSE: 8015.T), operating a brine-based lithium operation. The company is also underway to construct a 10,000tpa lithium hydroxide plant in Naraha, Japan.

9. Livent Corporation (NYSE: LTHM)

Market Cap: $3.69 billion (as of August 18)

Livent Corp (NYSE: LTHM) is a lithium company based in Philadelphia, with its primary focus on the production of lithium hydroxide. Livent Corp (NYSE: LTHM) signed an agreement with Tesla Inc (NASDAQ: TSLA) to increase the volume of its supply in 2021 and analysts expect the partnership to extend through 2022.

Additionally, Livent Corp (NYSE: LTHM) is pursuing a joint venture to buy Nemaska Lithium Inc’s (TSX: NMX) projects in Canada. It is expected to obtain 50% of Nemaska Lithium Inc (TSX: NMX).

As the EV revolution led by companies like Tesla Inc (NASDAQ: TSLA) causes a surge in lithium demand, companies like Livent Corp (NYSE: LTHM), Savannah Resources Plc, along with Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM) and EnerSys (NYSE: ENS) are expected to gain in the coming years.

8. EnerSys (NYSE: ENS)

Market Cap: $3.79 billion (as of August 18)

EnerSys (NYSE: ENS) manufactures the NexSys ion battery, handling the most advanced lithium-ion technology. EnerSys is one of the world’s largest industrial battery producers. In July 2021, EnerSys (NYSE: ENS) signed a memorandum of understanding with Lithium Technology Corporation, becoming its exclusive distributor. This will allow for a diversified range of lithium product options, thereby also increasing EnerSys (NYSE: ENS) exposure in the battery market.

EnerSys (NYSE: ENS) is among several lithium giants that continue to grow, along with Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM) and Livent Corp (NYSE: LTHM).

7. Pilbara Minerals Limited (ASX: PLS.AX)

Market Cap: $4.47 billion (as of August 17)

Pilbara Minerals Ltd (ASX: PLS.AX) is an Australia-based company, located in the Pilbara region, the heart of its Pilgangoora Operation for the production of spodumene. Pilbara Minerals Ltd (ASX: PLS.AX) has many global partners including Ganfeng Lithium Co Ltd (SZSE: 002460.SZ), General Lithium, and Great Wall Motor Company. It also owns 100% of the world’s largest hard-rock lithium operation.

6. Sichuan Yahua Industrial Group

Market Cap: $5 billion (as of August 18)

Sichuan Yahua Industrial Group is a Chinese company that is involved in manufacturing and sales of lithium carbonate, lithium hydroxide and other lithium salt products. Its main operations include industrial explosives, industrial detonators, industrial cords, industrial detonators, customized civil explosive products. In December 2020, the company said it signed a deal with Tesla to supply battery-grade lithium hydroxide to the EV maker for the next five years.

Click to continue reading and see the 5 Most Valuable Lithium Companies in the World.

Suggested articles:

Disclosure: None. 15 Most Valuable Lithium Companies in the World is originally published on Insider Monkey.

A previous version of this article mentioned FMC among the most valuable lithium companies. FMC decided to spin-off its lithium business under Livent in 2018.

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has started its 2021 exploration program at its Glenelg Vanadium gold Property.

The property is located within southwest New Brunswick approximately 17 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the company's Mascarene Property, which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and silver. The Glenelg Property hosts vanadium mineralization, with historic rock samples reported up to 0.42% V2O5.

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Through a review of historical information, the company has identified target areas for gold exploration within the property with historic rock samples from at least four areas reported to exceed 1 gram per tonne gold, including a historic 2013 grab sample from a sulphide vein from the southeast region of the property reportedly returning 14 grams per tonne gold.

The Glenelg property has seen little exploration and management cannot find any evidence of historical drilling within the property. The current exploration consists of focused prospecting and rock geochemical sampling.

Rock samples are being collected within the Bocabec Gabbro, the target being vanadium/titanium mineralization. Previous rock samples collected by the company and historic rock samples have confirmed vanadium and titanium mineralization within the Bocabec Gabbro.

A 2018 grab sample collected by the company from a magnetite rich layer in the Bocabec Gabbro Complex within the southeast region of the property returned 0.188% vanadium or 0.33% V2O5, 10.3% titanium oxide and 25.71% iron, when analyzed by XRF Fusion by ALS Canada. Another 2018 bedrock grab sample from the same region of the property was reported to return 0.234% vanadium or 0.42% V2O5, 12.2% titanium oxide and 28.8% iron. This sample was collected by one of the company's option partners for the property and was not verified by a Qualified Person.

Prospecting and rock geochemical sampling are also being conducted for gold mineralization in target areas within the central-west regions of the Glenelg Property. Three gold occurrences (+/- silver and copper) are reported within the central region of the property.

A historic outcrop grab sample from the early 1900s, from one occurrence, reported as quartz-sulfide breccia within altered gabbro, reportedly returned 1.33 grams per tonne gold. Historic float samples reported during the same period in the central-west regions of the property were reported to return 2.7 and 2.2 grams per tonne gold. This mineralization has not been verified by a Qualified Person.

The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway Metals Inc., with a portion of the northern boundary bordering Galway's Clarence Stream Gold Project. Galway reported a NI 43-101 resource estimate for the project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 gpt gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 gpt gold (277,000 ounces of gold).

Management cautions that mineralization at the Clarence Stream Gold Project and at Great Atlantic's Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93841

TORONTO, Aug. 20, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (TSXV: NOT) (“Noront” or the “Company“) is responding to the statement issued by Wyloo Metals Pty Ltd (“Wyloo”) yesterday, in order to clarify several of Wyloo’s misleading statements relating to the proposed acquisition of Noront by BHP Western Mining Resources International Pty Ltd (“BHP” or the “Offeror“), a wholly owned subsidiary of BHP Lonsdale Investments Pty Ltd (“BHP Lonsdale“). Noront reiterates its support of BHP’s offer to acquire the shares of Noront (the “Offer”) and the recommendation of the Board of Directors of Noront that shareholders tender their shares and accept the Offer.

Access to Information for Wyloo; Ability to Make a Superior Proposal

Prior to the Offer, Noront engaged fully and provided access to due diligence information to all parties that were prepared to enter into a customary confidentiality agreement typical for transactions of this nature. Wyloo was provided an opportunity to execute such a confidentiality agreement (which was consistent with the confidentiality agreement that was executed by BHP) and have access to due diligence information, and Wyloo declined to do so.

If Wyloo remains interested in engaging with Noront, the support agreement entered into between Noront and BHP contains customary terms that permit the Company to engage with, and provide confidential information to, a party that makes a proposal to the Company that is superior to the Offer or would reasonably be expected to lead to a superior proposal. To date, the Company has received no such proposals.

BHP Offer Price and Value to Noront Shareholders

Noront sought to provide shareholders with a superior alternative to the $0.315 per share price proposed by Wyloo, which led to the all-cash Offer by BHP at a significantly higher price per Noront share. The Offer price of C$0.55 per Noront share, which represents a premium of 129% to Noront’s unaffected closing price of C$0.24 on May 21, 2021, the last trading day prior to the date that Wyloo first publicly announced its intention to make an offer for Noront, is 75% higher than the C$0.315 per share proposed by Wyloo in its announcement on May 25, 2021.

Minimum Tender Condition

Wyloo’s support of the transaction is not required in order for the Offer to be successful. The minimum tender condition for the Offer is that more than 50% of the shares not owned by BHP be tendered to the Offer, and this condition can be satisfied regardless of whether Wyloo tenders its Noront shares to the Offer. Shareholders wishing to receive the C$0.55 per Noront share in cash offered by BHP can and should tender to the Offer.

Board Recommendation

The Board of Directors of Noront, acting on the recommendation of the Special Committee, and after evaluating the Offer in consultation with Noront’s legal and financial advisors, has determined that the Offer is fair, from a financial point of view, to Noront shareholders and in the best interests of Noront and its shareholders. As such, the Board is recommending that shareholders tender their Noront shares and accept the Offer.

For further details relating to the Offer, please refer to BHP’s take-over bid circular in respect of the Offer dated July 27, 2021, which is available on SEDAR (www.sedar.com) under Noront’s issuer profile and on Noront’s corporate website (www.norontresources.com).

The Board encourages Noront shareholders to carefully read the information sent to them and to tender their Noront shares. Noront shareholders are encouraged to tender their Noront shares as soon as possible.

Shareholder Questions and Assistance

Noront shareholders who have questions or require assistance in considering the all-cash, recommended BHP Offer, should visit www.noronttender.ca or should contact the depositary and information agent for the Offer, Kingsdale Advisors, by telephone toll-free at 1-866-581-0512 (416-867-2272 for collect calls outside North America) or by email at contactus@kingsdaleadvisors.com.

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 Offer, including the results and effects of the Offer, and reasons to accept the Offer.

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 the Offeror, BHP Lonsdale or 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 Provided (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NEW YORK, Aug. 20, 2021 (GLOBE NEWSWIRE) — 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.

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.

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.

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As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down.

Friday, August 20th, 2021

Oil prices continued their downward slide on Friday, bringing the total weekly decline to 7%. With COVID fears still running high, crude also felt the pinch from the U.S. dollar strengthening as the Federal Reserve mooted cuts to its stimulus measures this year. ICE Brent fell below $66 per barrel on Friday morning, with WTI prices dropping to $63 per barrel.

OPEC Compliance Stands at 109% in July. OPEC’s Joint Technical Committee reports that OPEC+ compliance with production quotas last month stood at 109%, down 3% from June. Compliance among OPEC members also dropped to 116% as Saudi Aramco rolled back its unilateral supply cut.

Marathon Forms Renewables JV with ADM. U.S. refiner Marathon Petroleum (NYSE:MPC) formed a key renewables-focused partnership with Archer-Daniels-Midland (NYSE:ADM), with the latter owning 75%, producing soybean oil that would be exclusively sold to Marathon’s renewable diesel plant.

ConocoPhillips is Selling its Williston Assets. U.S. major ConocoPhillips (NYSE:COP) is marketing its oil-producing assets in the Williston Basin of North Dakota for approximately $200 million, Bloomberg reports, in a development that might be connected to Conoco’s interest in Shell’s (NYSE:RDS.A) Permian portfolio that is up for grabs.

Tin Prices Soar to Prominence in August. LME three-month tin prices rose to almost $36,000 per metric ton this week, an all-time high after exchange stocks have dropped to a record low of 3,250 metric tonnes as main producers (Indonesia, Malaysia, China) globally failed to ramp up production despite the price signals.

Tesla Penetrates Japan’s Energy Storage Market. U.S.-based carmaker Tesla (NASDAQ:TSLA) signed a deal with Japanese firms to build 6.1 MWh energy storage facility using its Megapack battery technology, in a bid to absorb electricity fluctuations and stabilizing grid output, Reuters writes.

Maersk Signs Up for First Carbon-Neutral Ship. Danish shipping company A.P. Moller-Maersk (CPH:MAERSK) signed a contract for green methanol supply for its first-ever carbon-neutral ship, assumed to start operations in 2023. If the methanol-fueled vessel meets expectations, the prototype can be scaled up relatively quickly, Reuters writes.

TotalEnergies Exercises Suriname Drilling Right. French oil and gas major TotalEnergies (NYSE:TTE) exercised an option to extend its use of the Maersk Developer drilling rig in Suriname, adding another appraisal well to its scope, hinting at further discoveries to come.

Sinopec Marks Another Gas Find. China’s state-owned energy firm Sinopec (SHA:600028) reported another gas discovery in Sichuan province, adding 1.2 TCf (34 BCm) of additional reserves to the Zhongjiang pool of fields. Once again, the gas find is low permeability and would be classified as tight.

Chevron Invests in Waste-to-Hydrogen Tech. U.S. major Chevron (NYSE:CVX) invested in Raven SR, a waste-to-hydrogen firm seeking to produce hydrogen and biofuels by applying steam and CO2 reformation to biomethane from waste, presumably to be used at an undisclosed US downstream asset of theirs.

Norway Confronts Activist Disruption. The Sture crude terminal in Norway, operated by Equinor (NYSE:EQNR), was forced to halt operations on an Oseberg cargo as activists from Extinction Rebellion breached the site’s security perimeter and disrupted the loading procedure.

Exxon Lauds Brazil Opportunities. ExxonMobil (NYSE:XOM) officials have praisedthe low-carbon crude production opportunities that Brazil offers, with pre-salt fields emitting less CO2, insinuating that the US major might want to increase its current portfolio of more than 20 blocks in the two upcoming licensing rounds of 2021.

Nord Stream-2 Gas Pipe is 99% Complete. The contentious Nord Stream-2 pipeline that would bring Russian gas along the Baltic Sea to Germany, is reportedly 99% and set to meet its end-August construction deadline. The Russian gas giant Gazprom (MCX:GAZ) reiterated its aim to bring NS2 onstream this year still.

SQM Sees Profits Soar on Lithium Prices. The world’s second-largest lithium producer, the Chilean SQM (NYSE:SQM), saw its H1 earnings rise 65% year-on-year on the back of rising lithium prices and tight supply, estimating that its average sales price would move beyond 10,000 per metric tonne by Q4 2021, Reuters reports.

Denmark Seeks to Store CO2 in Empty Oil Reservoirs. Denmark’s landmark Greensand project, aiming to capture CO2 in subsea reservoirs formerly containing oil, reached another signpost after it saw another 29 companies and research institutes join it for the forthcoming testing phase.

Nigeria Wants Money Again. Nigeria’s minister of state for Niger Delta Affairs Tayo Alasoadura stated that the Nigerian government is ramping up efforts to claim outstanding payments from international oil and gas majors up to a total of $4 billion, for allegedly failing to pay 3% of their annual budget to the Niger Delta Development Commission. Increasing government rapaciousness might expedite the departure of majors like Royal Dutch Shell (NYSE:RDS.A) or Chevron (NYSE:CVX).

By Michael Kern for Oilprice.com

More Top Reads From Oilprice.com:

Read this article on OilPrice.com

NEW YORK, Aug. 18, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Rocket Companies, Inc. (NYSE: RKT), 360 DigiTech, Inc. (NASDAQ: QFIN), Piedmont Lithium Inc. (NASDAQ: PLL), and Iterum Therapeutics plc (NASDAQ: ITRM). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Rocket Companies, Inc. (NYSE: RKT)

Class Period: February 25, 2021 to May 5, 2021

Lead Plaintiff Deadline: August 30, 2021

On May 5, 2021, Rocket Companies reported that it was on track to achieve closed loan volume within a range of only $82.5 billion and $87.5 billion and gain on sale margins within a range of only 2.65% to 2.95% for the second quarter of 2021. At the mid-point, this gain on sale margin estimate equated to a 239 basis point decline year-over-year and a 94 basis point decline sequentially, which represented Rocket Companies’ lowest quarterly gain on sale margin in two years. The stunning collapse in Rocket Companies’ gain on sale margin reflected the fact that the favorable market conditions purportedly being experienced by Rocket Companies during the Class Period had in fact reversed. During a conference call to explain the results, Rocket Companies’ Chief Financial Officer and Treasurer, defendant Julie R. Booth, revealed that the sharp decline in quarterly gain on sale margin was being caused by three factors: (i) pressure on loan pricing; (ii) a product mix shift to Rocket Companies’ lower margin Partner Network segment; and (iii) a compression in price spreads between the primary and secondary mortgage markets. Defendant Booth also admitted that certain of these trends began “at the end of Q1.”

On this news, the price of Rocket Companies Class A common stock fell by nearly 17% to close at $19.01 per share.

As the market continued to digest the news in the days that followed, the price of Rocket Companies Class A common stock continued to decline, falling to a low of just $16.48 per share by May 11, 2021.

The Rocket Companies class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Rocket Companies’ gain on sale margins were contracting at the highest rate in two years as a result of increased competition among mortgage lenders, an unfavorable shift toward the lower margin Partner Network operating segment and compression in the price spread between the primary and secondary mortgage markets; (ii) Rocket Companies was engaged in a price war and battle for market share with its primary competitors in the wholesale market, which was further compressing margins in Rocket Companies’ Partner Network operating segment; (iii) the adverse trends identified above were accelerating and, as a result, Rocket Companies’ gain on sale margins were on track to plummet at least 140 basis points in the first six months of 2021; (iv) as a result, the favorable market conditions that had preceded the Class Period and allowed Rocket Companies to achieve historically high gain on sale margins had vanished as Rocket Companies’ gain on sale margins had returned to levels not seen since the first quarter of 2019; (v) rather than remaining elevated due to surging demand, Rocket Companies’ company-wide gain-on-sale margins had fallen materially below pre-pandemic averages; and (vi) consequently, defendants’ positive statements about Rocket Companies’ business operations and prospects were materially misleading and/or lacked a reasonable basis.

For more information on the Rocket class action go to: https://bespc.com/cases/RKT

360 DigiTech, Inc. (NASDAQ: QFIN)

Class Period: April 30, 2020 to July 7, 2021

Lead Plaintiff Deadline: September 13, 2021

On July 8, 2021, reports circulated on social media to the effect that the Company's core product, the 360 IOU app, had been removed from major app stores. The reports came on the heels of the removal of other companies' apps as Chinese regulators investigated their customer data protection practices.

On this news, 360 DigiTech’s stock price fell $7.12 per share, or 21.48%, to close at $26.02 per share on July 8, 2021.

On July 9, 2021, Seeking Alpha reported that 360 DigiTech confirmed the removal of its 360 IOU app from the Android app store and quoted a Company spokesperson, who disclosed that the Company had “submitted a new rectification plan and stepped up the whole process.”

The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had been collecting personal information in violation of relevant People’s Republic of China laws and regulations; (ii) accordingly, 360 DigiTech was exposed to an increased risk of regulatory scrutiny and/or enforcement action; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

For more information on the 360 DigiTech class action go to: https://bespc.com/cases/QFIN

Piedmont Lithium Inc. (NASDAQ: PLL)

Class Period: March 16, 2018 and July 19, 2021

Lead Plaintiff Deadline: September 21, 2021

On July 20, 2021, before market hours, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors.” Among other things, the article reported that “[t]he company […] has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so.” The article went on to report that “[f]ive of the seven members of the county’s board of commissioners, who control zoning changes, say they may block or delay the project[.]”

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

The complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (ii) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (iii) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (iv) Piedmont and its lithium business does not have “strong governmental support”; and (v) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

For more information on the Piedmont Lithium class action go to: https://bespc.com/cases/PLL

Iterum Therapeutics plc (NASDAQ: ITRM)

Class Period: November 30, 2020 to July 23, 2021

Lead Plaintiff Deadline: October 4, 2021

On July 1, 2021, Iterum issued a press release “announc[ing] that the Company received a letter from the [U.S. Food and Drug Administration (“FDA”)] stating that, as part of their ongoing review of the [sulopenem New Drug Application “NDA”], the agency has identified deficiencies that preclude the continuation of the discussion of labeling and post marketing requirements/commitments at this time.”

On this news, Iterum’s ordinary share price fell $0.87 per share, or 37.99%, to close at $1.42 per share on July 2, 2021.

Then, on July 26, 2021, Iterum issued a press release announcing that it had received a Complete Response Letter from the FDA for the sulopenem NDA, “provid[ing] that the FDA has completed its review of the NDA and has determined that it cannot approve the NDA in its present form.”

On this news, Iterum’s ordinary share price fell $0.499 per share, or 44.16%, to close at $0.631 per share on July 26, 2021.

The complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) the sulopenem (“NDA”) lacked sufficient data to support approval for the treatment of adult women with uncomplicated urinary tract infections (“uUTIs”) caused by designated susceptible microorganisms proven or strongly suspected to be non-susceptible to a quinolone; (ii) accordingly, it was unlikely that the FDA would approve the sulopenem NDA in its current form; (iii) defendants downplayed the severity of issued and deficiencies associated with the sulopenem NDA; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

For more information on the Iterum class action go to: https://bespc.com/cases/ITRM

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

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

Southwest New Brunswick

VANCOUVER, BC / ACCESSWIRE / August 19, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its Glenelg Vanadium – Gold Property, located in southwest New Brunswick. The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway Metals Inc. (GWM).

The Glenelg Property hosts vanadium mineralization, with historic rock samples reported up to 0.42% V2O5. Through a review of historical information, the Company has identified target areas for gold exploration within the property with historic rock samples from at least four areas reported to exceed 1 g/t gold (including a sample reported to return 14 g/t gold).

The current exploration consists of focused prospecting and rock geochemical sampling. Rock samples are being collected within the Bocabec Gabbro, the target being vanadium – titanium mineralization. Previous Company rock samples and historic rock samples have confirmed vanadium and titanium mineralization within the Bocabec Gabbro.

A 2018 grab sample collected by the Company from a magnetite rich layer in the Bocabec Gabbro Complex returned 0.188% vanadium (0.33% V2O5), 10.3% TiO2 and 25.71% iron. This sample was collected within the southeast region of the property. It was collected by a qualified person and was analyzed by ALS Canada Ltd. by XRF Fusion. Another 2018 bedrock grab sample from the same southeast region of the property was reported to return 0.234% vanadium (0.42% V2O5), 12.2%TiO and 28.8% iron. This sample was collected by one of the Company's option partners for the property and was not verified by a Qualified Person.

Layered Bocabec Gabbro Complex

Prospecting and rock geochemical sampling are also being conducted in target areas for gold mineralization within the central-west regions of the Glenelg Property. Three gold occurrences (+/- silver and copper) are reported within the central region of the property. A historic (early 1900s) outcrop grab sample from one occurrence, reported as quartz-sulfide breccia within altered gabbro, was reported to return 1.33 grams / tonne (g/t) gold. Historic float samples reported during the same period in the central-west regions of the property were reported to return 2.7 and 2.2 g/t gold. A historic 2013 grab sample from a sulfide vein from the southeast region of the property was reported to return 14 g/t gold. This mineralization has not been verified by a Qualified Person.

A portion of the northern boundary of the Glenelg Property borders the Clarence Stream Gold Project of Galway Metals Inc. Galway reported a NI 43-101 resource estimate for the project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 g/t gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 g/t gold (277,000 ounces of gold).

The Glenelg Vanadium Property is located within southwest New Brunswick approximately 17 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the Company's Mascarene Property which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and / or silver.

Readers are warned that mineralization at the Clarence Stream Gold Project and the Company's Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium Property.

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.

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
604-488-3900 – Dir

Investor Relations:
Please call 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.

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/660503/Great-Atlantic-Begins-2021-Exploration-Program-At-Its-Glenelg-Vanadium–Gold-Property

NEW YORK, NY / ACCESSWIRE / August 19, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

PLL Shareholders Click Here: https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18718&wire=1
CXO Shareholders Click Here: https://www.zlk.com/pslra-1/concho-resources-inc-loss-submission-form?prid=18718&wire=1
SLQT Shareholders Click Here: https://www.zlk.com/pslra-1/selectquote-inc-loss-submission-form?prid=18718&wire=1

* ADDITIONAL INFORMATION BELOW *

Piedmont Lithium Inc. (NASDAQ:PLL)

PLL Lawsuit on behalf of: investors who purchased March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline : September 21, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18718&wire=1

According to the filed complaint, during the class period, Piedmont Lithium Inc. 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.

Concho Resources Inc. (NYSE:CXO)

CXO Lawsuit on behalf of: investors who purchased February 21, 2018 – July 31, 2019
Lead Plaintiff Deadline : September 28, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/concho-resources-inc-loss-submission-form?prid=18718&wire=1

According to the filed complaint, during the class period, Concho Resources Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the well spacing at Dominator was aggressive and highly risky, and premised on no reasonable basis to believe it would work as intended; (2) Concho's practice of implementing tighter well spacing was not relegated to a handful of "tests" and therefore more widespread than the market was led to believe; (3) it was known or recklessly disregarded that any measures to mitigate well spacing risks were non-existent and or/impossible; (4) these risks had manifested during the Class Period, causing underground well interference and permanently decreasing production, forcing the Company to scale back production targets and adopt more conservative spacing measures in its other projects; (5) it would take multiple quarters to unwind the impacts of the widespread well spacing failure; and (6) as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times.

Selectquote, Inc. (NYSE:SLQT)

SLQT Lawsuit on behalf of: investors who purchased February 8, 2021 – May 11, 2021
Lead Plaintiff Deadline : October 15, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/selectquote-inc-loss-submission-form?prid=18718&wire=1

According to the filed complaint, during the class period, Selectquote, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) SelectQuote's 2019 cohort was underperforming; (2) as a result, the Company's financial results would be adversely impacted; 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.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com:
https://www.accesswire.com/660552/CLASS-ACTION-UPDATE-for-PLL-CXO-and-SLQT-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

PERTH, Australia, Aug. 19, 2021 (GLOBE NEWSWIRE) —

Wyloo Metals Pty Ltd (“Wyloo Metals”) provides the following update regarding its intentions in relation to the offer by BHP Western Mining Resources International Pty Ltd ("BHP") to acquire all of the outstanding common shares of Noront Resources Ltd (TSXV:NOT) ("Noront").

Response to BHP’s offer

Noront’s Ring of Fire land package hosts some of the most prospective mineral deposits in the world. These deposits have the potential to become Canada’s next great mineral district, supporting the production of future-facing commodities for multiple generations. Wyloo Metals continues to firmly believe in the immense potential of the Ring of Fire and therefore does not intend to support or tender its Noront shares to BHP's offer.

Wyloo Metals was disappointed that the Noront Board did not seek to meaningfully engage or negotiate with it prior to accepting the BHP offer. Given Wyloo Metals’ cornerstone interest of approximately 37.5% (partially diluted) of Noront, the minimum mandatory tender condition for BHP's bid is unlikely to be satisfied without Wyloo Metals' support and a second step acquisition transaction is impossible.

Superior offer by Wyloo Metals

Wyloo Metals would consider proposing a superior offer to acquire the outstanding common shares of Noront it does not already own, should it be provided with access to due diligence. Despite numerous attempts to date, the Noront Board has denied Wyloo Metals from obtaining access to due diligence on reasonable terms for a shareholder with a cornerstone position.

Unfortunately, the total value of any superior offer contemplated by Wyloo Metals must accommodate the Cdn$13 million break fee payable to BHP, which was agreed to by the Noront Board to the direct detriment of Noront’s shareholders.

ABOUT WYLOO METALS

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

Wyloo Canada Holdings Pty Ltd (“Wyloo Canada”), a wholly owned subsidiary of Wyloo Metals, currently holds an aggregate of 111,815,458 common shares of Noront, representing approximately 24.4% of the outstanding common shares of Noront. As previously announced on July 23, 2021, Wyloo Metals intends to convert its US$15 million convertible loan (“Convertible Loan”) into common shares of Noront at or before the September 30, 2021 maturity date. At an exchange rate of 0.792 US Dollars per Canadian Dollar¹, Wyloo Canada would acquire an additional 94,702,494 common shares of Noront upon conversion of its Convertible Loan, following which it would hold 206,517,952 common shares of Noront, representing approximately 37.3% of the outstanding common shares of Noront on a partially diluted basis.

Wyloo Canada also holds warrants (“Noront Warrants”) to acquire 1,774,664 common shares of Noront at an exercise price of Cdn$0.35 per share. If the Noront Warrants are also fully exercised, Wyloo Canada would hold 208,292,616 common shares of Noront, representing approximately 37.5% of the outstanding common shares of Noront on a partially diluted basis.

DISCLAIMER

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

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

¹ At August 18, 2021.

New York, New York–(Newsfile Corp. – August 19, 2021) – 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) (NASDAQ: 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.

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

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

——————————-

Contact Information:

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93742

VANCOUVER, British Columbia, Aug. 19, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce that the Bureau of Land Management (“BLM”) is currently reviewing an Administrative Draft Environmental Assessment (“EA”) for American Lithium’s proposed Plan of Operations (“PO”) for its Tonopah Lithium Claims Project (“TLC”). This PO was filed in January 2021 and accepted as complete by the BLM in June 2021 (see press release dated June 17, 2021).

The PO has been updated as part of the EA process to reflect latest changes introduced through the EA and now proposes drilling from up to 110 drill sites as well as excavating five test pits to acquire samples for metallurgical testing. In addition, with the EA combining all previously planned phases of project exploration and pre-feasibility work into one phase of development, the PO has also been updated accordingly. While this will result in all required environmental bonding being paid upfront on approval, it will stream-line process, maximize efficiencies and help fast-track resulting work programs.

With the EA process now underway, and based on its most recent meetings, the Company advises that, it currently anticipates final approval of the PO to occur by late Fall 2021 with the commencement of the next phase of development at TLC starting shortly thereafter.

In the interim, American Lithium will continue to focus on finalizing its metallurgical test work. As previously reported, the Company has three viable recovery options and will focus on optimizing these before selecting the best process, based on economic and environmental criteria, to enable the completion of a robust preliminary economic assessment on TLC (“PEA”). In parallel, and as also previously reported, pre-concentration test work, designed to increase the lithium head grade prior to leaching, continues using different gravimetric routes and commercially available equipment. This work is also integral to the PEA as it has the potential to materially impact the economics of the TLC Project.

In addition, over the next several weeks, the Company plans to utilize existing permitted disturbance areas to twin several previously explored mineralized drill holes. These holes will be drilled deeper than the original completion depths to test for further zones of lithium mineralization and the presence of other minerals, to determine the depth and nature of volcanic basement rocks and to provide additional sample material for on-going and future metallurgical testing. This drilling will also enable the Company to accurately determine the depth / location of the water table. While the TLC deposit is above the water table and water has never been encountered in the drilling programs that define the current resource, accurately defining the water table is a key element for future permitting.

Dr. Laurence Stefan, COO of American Lithium, stated “commencing the EA review process is an important milestone for American Lithium as we look to finalize approval of the updated Plan of Operations, which will, in turn, enable the next phase of development at TLC. Updating the PO will also help us streamline and fast-track operations following approval. In the interim, our efforts to optimize flowsheet design, together with additional drilling and related field work, will position us to complete a robust PEA on TLC which, combined with the next phase of development following PO approval, will then enable the Company to move as efficiently as possible into the feasibility phase of TLC development.”

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 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.

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

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.

Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed an additional four holes of its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland, with visible gold continuing to be evident in quartz veins. The 100% owned Golden Promise Property is one of the company's eight properties, which cover an area of 25,700 hectares, located within the central Newfoundland gold belt.

These holes are a part of Phase 2 diamond drilling at the gold bearing Jaclyn Zone, located within the northern region of the Golden Promise Property, which hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones.

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The current Phase 2 drilling will include up to 33 drill holes, totalling approximately 5,000 metres, at the gold bearing Jaclyn Zone with holes planned at the Jaclyn Main Zone and Jaclyn North Zone. Holes GP-21-152 and 153 were completed at the Jaclyn Main Zone, both being definition holes. Hole GP-21-152 intersected a quartz veined zone between 46.9 to 49.6 metres. Hole GP-21-153 intersected multiple quartz veins with visible gold present at two locations, within a quartz vein intersected between 44.00 and 46.63 metres, and again within a zone of predominantly quartz veins between 66.90 and 74.48 metres.

Most of the planned holes at the Jaclyn Main Zone are within the central to west region of the zone, testing above 200 metres vertical depth. Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200 to 350 metres vertical depth.

Holes GP-21-154 and 155 were completed at the Jaclyn North Vein near the west margin of a zone of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins, with visible gold present in a quartz vein in GP-21-154.

The company collected gold bearing quartz boulder samples in this area during 2017, including samples returning 163, 208 and 332 grams per tonne and again in 2020 including samples returning 17.4, 26.7 and 157.6 grams per tonne gold.

Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts of 113.07 grams per tonne gold over 0.55 metres and 61.35 grams per tonne gold over 2.04 metres, and 15.8 grams per tonne gold over 2.70 metres, plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 grams per tonne gold over 25.25 metres.

The company reported a NI 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 grams per tonne gold for 119,000 ounces uncapped.

Viewers are warned that mineralization at the Valentine Gold Project, the Moosehead Gold Project, the Queensway Project, and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization on the company's Golden Promise Property.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93585

The board of Albemarle Corporation (NYSE:ALB) has announced that it will pay a dividend on the 1st of October, with investors receiving US$0.39 per share. The dividend yield is 0.7% based on this payment, which is a little bit low compared to the other companies in the industry.

While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Albemarle's stock price has increased by 38% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield.

View our latest analysis for Albemarle

Albemarle's Earnings Easily Cover the Distributions

The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Prior to this announcement, Albemarle's dividend was only 24% of earnings, however it was paying out 123% of free cash flows. A cash payout ratio this high could put the dividend under pressure and force the company to reduce it in the future if it were to run into tough times.

Looking forward, earnings per share is forecast to fall by 11.6% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 29%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.

Albemarle Has A Solid Track Record

Even over a long history of paying dividends, the company's distributions have been remarkably stable. The first annual payment during the last 10 years was US$0.56 in 2011, and the most recent fiscal year payment was US$1.56. This means that it has been growing its distributions at 11% per annum over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable.

The Dividend Has Growth Potential

Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. We are encouraged to see that Albemarle has grown earnings per share at 7.0% per year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time.

In Summary

Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. While Albemarle is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. As an example, we've identified 4 warning signs for Albemarle that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high performing dividend stock.

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.

VANCOUVER, BC / ACCESSWIRE / August 17, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the following two drill holes (GP-21-154 and GP-21-155) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. These holes are part of the Company's Phase 2 drilling program at the Jaclyn Zone. The holes were completed at the Jaclyn North Zone in an area of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins. Visible gold is present in a quartz vein in GP-21-154

Quartz Veining in GP-21-154 with Visible Gold

Drill Holes GP-21-154 and GP-21-155 tested the Jaclyn North Zone (JNZ) east of pre-Great Atlantic drilling, being part of the Company's Phase 2 drilling program at the Jaclyn Zone. The first three holes of the Phase 2 drilling program (GP-20-146, GP-20-147 and GP-20-148), conducted during late 2020, extended the JNZ quartz vein system approximately 260 meters further east along strike with each hole intersecting gold bearing quartz veins (see News Releases on the Company's website). GP-21-154 and GP-21-155 were definition holes in this area of the JNZ, each drilled near the west margin of a zone of gold bearing quartz boulders.

The company located gold bearing quartz boulders during 2017-2020 in the area of current drilling at the JNZ, including four boulder samples exceeding 100 g/t gold. This northeast trending quartz boulder field is approximately 300 meters long

Drill hole GP-21-154 was drilled slightly southeast at an approximate 48-degree dip to a length of 122 meters. The objective of the hole was to test the projected up-dip extension of a gold bearing quartz veined interval (including 1.28 g/t gold over 0.87 meters core length) intersected in drill hole GP-21-147. GP-21-154 intersected a quartz veined interval at 20.3 – 22.2 meters. Visible gold is present in one vein within this interval. Sulfide mineralization is also present locally in quartz veins within this interval.

Drill hole GP-21-155 was collared approximately 10 meters north of GP-19-154. Drill hole GP-19-155 was drilled slightly southeast at an approximate 64-degree dip to a length of 92 meters. It intersected multiple quartz veins of which the most prominent and sulfide bearing veins being intersected at 24.20 – 24.75 meters (possible down-dip extension of the quartz veined interval intersected in GP-21-154) and at 56.22 – 56.52 meters.

Quartz vein in GP-21-155

The current Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes completed and planned at the Jaclyn Main Zone (JMZ) and JNZ and total planned drilling of approximately 5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide information for an updated resource estimate of the JMZ. The first five holes completed during 2021 were at the JMZ with visible gold interested in quartz veins in four holes. The Company is continuing the drill hole numbering system from previous drilling programs. Most of the completed and planned holes at the JMZ are within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the JMZ during Phase 2 to test the zone at 200-350 meters vertical depth. Planned holes at the JNZ are east of pre-Great Atlantic drilling to define the zone.

Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped).

The Company confirmed high-grade gold at the JMZ during initial 2019 drilling, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters, 61.35 g/t gold over 2.04 meters and 15.8 g/t gold over 2.70 meters plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 g/t gold over 25.25 meters.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization the Golden Promise Property.

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.

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

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/660106/Great-Atlantic-Drilling-Confirms-Additional-Quartz-Veins-300-Meters-North-of-Jacklyn-Main-with-Visible-Gold

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Albemarle's Earnings Easily Cover the Distributions

Albemarle Has A Solid Track Record

The Dividend Has Growth Potential

In Summary

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