Tech Metals Archives - Page 31 of 71

Vancouver, British Columbia–(Newsfile Corp. – August 17, 2021) – Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) ("Pure Energy" or "the Company") is pleased to report that Schlumberger has received approval from the Bureau of Land Management ("BLM") for a Plan of Operations covering construction and operation of a pilot plant at Pure Energy's Clayton Valley, Nevada, lithium brine project ("Clayton Valley Project"). Schlumberger, Pure Energy's partner and operator of the Clayton Valley Project, has also received permit approval for the associated reclamation plan from the Nevada Division of Environmental Protection, Bureau of Mining Regulation and Reclamation (NDEP-BMRR).

Construction and operation of the pilot plant are planned to occur at Pure Energy's Clayton Valley property located 40 miles southwest of Tonopah in Esmeralda County, Nevada, as approved by the BLM and Nevada authorities. In March 2021, Schlumberger New Energy announced its plans to develop a lithium extraction pilot plant at the Clayton Valley Project through its wholly owned subsidiary, NeoLith Energy (see Pure Energy news release of March 20, 2021).

The BLM approved the Plan of Operations after completion of the required engineering design, environmental studies and public comment period. Additional permit applications are in process with NDEP.

"Pure Energy is excited that this important step towards development of the Clayton Valley Project has been achieved," stated Pure Energy director, Mary Little. "We look forward to advancing the Clayton Valley Project with Schlumberger New Energy."

About Schlumberger New Energy

Schlumberger is the world's leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger's intellectual and business capital in emerging new energy markets, with a focus on low-carbon and carbon-neutral energy technologies. Its activities include ventures in the domains of hydrogen, lithium, carbon capture and sequestration, geothermal power and geoenergy for heating and cooling buildings.

About Pure Energy Minerals

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley ("CV") Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's CV Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation. Drilling of bore holes CV-01 through CV-08 were completed together with a revised mineral resource and a Preliminary Economic Assessment ("PEA") for the Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).

Pure Energy's partner, Schlumberger, is the operator of the Clayton Valley Project. On May 29, 2019, Pure Energy and Schlumberger signed an Earn-In agreement over the CV Project which requires significant investment by Schlumberger at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH∙H₂O") and/or lithium carbonate products at a specified rate. Schlumberger plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. Schlumberger's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding Schlumberger's participation, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of brine during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and Schlumberger's future pilot plant facility. In July of 2020, the CV-09 well was completed pursuant to the Finite Term Water Right and results of initial sampling were published by Pure Energy on October 14, 2020.

Quality Assurance

Walter Weinig, Professional Geologist and Qualified Person (Mining and Metallurgical Society of America (MMSA)) registration #01529QP), has reviewed and approved the scientific and technical information presented in this news release for Pure Energy Minerals Ltd. He is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

"Mary L. Little"
Director, Pure Energy Minerals Ltd.

CONTACT:

Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: info@pureenergyminerals.com
Telephone – 604 608 6611

Cautionary Statements and Forward-Looking Information

The information in this news release contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include future exploration and development on the Clayton Valley Project. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The Company does not undertake to update any forward-looking information, except as required by applicable laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93429

The Zacks Manufacturing – Electronics industry houses various companies, ranging from manufacturers of electronic products (like battery chargers, electrical motion controls and others) to providers of water-treatment products, process equipment and engineered flow components. In the past three months, the industry has gained 8.9% compared with the S&P 500’s growth of 8.7% and the Zacks Industrial Products sector’s rise of 1.4%.

Subdued impacts of the pandemic and global economy progressing on growth track have been aiding the industry players in the past few months. Manufacturing activities have improved from the past year and demand is healthy as well. The industry offers some good investment options with solid earnings growth potential, while others should be preferably avoided at present. Prevalent supply-chain constraints are major concerns for such players. Labor issues, tariffs, inflation and freight are added woes.

EnerSys ENS — a manufacturer of industrial batteries, battery chargers and other products — suffered from labor, raw material and transportation constraints in the first quarter of fiscal 2022 (ending July 4, 2021). The company recorded a 17.3% increase in the cost of sales, while its operating expenses grew 3.4%. Gross margin was down 110 basis points from the year-ago quarter.

The Pennsylvania-based company presently carries a Zacks Rank #4 (Sell). In the past three months, EnerSys’ share price has gained 2.5% as compared with the industry’s growth of 8.9%.

Image Source: Zacks Investment Research

The company expects adjusted earnings of $1.03-$1.13 per share for the second quarter of fiscal 2022 (ending September 2021). This represents a decline from $1.25 recorded in the quarter ended Jul 4. Much of the damage has been caused by concerns regarding the shortages of components, including resin and semiconductors. Labor constraints, and high tariffs and freight are other likely headwinds.

The company faces risks from well-diversified international operations, which expose it to geopolitical, currency translation and other risks. High investments to build/strengthen growth opportunities and huge debts might also be concerning.

The Zacks Consensus Estimate for EnerSys’ earnings is pegged at $5.29 for fiscal 2022 (ending March 2022) and $6.29 for fiscal 2023 (ending March 2023). The estimates represent declines of 2.8% and 0.9% from the respective 30-day-ago figures.

The consensus estimate for second-quarter fiscal 2022 of $1.15 per share suggests a decline of 10.9% from the 30-day-ago figure. Though the estimate is above the company’s projection for the quarter, it is below first-quarter fiscal 2022 earnings of $1.25.

We now know why it is prudent for investors to avoid EnerSys stock for now. Meanwhile, for investors seeking exposure in the industry, we have selected four companies with solid fundamentals and growth potential.

Eaton Corporation plc ETN: Based in Dublin, Ireland, it is a well-renowned power management company. It engages in making electrical components and systems. The company is poised to benefit from its wide customer base, sound research and development programs, acquisitions, and restructuring actions. Shareholder-friendly policies are boons too.

The company presently has a market capitalization of $66.8 billion and a Zacks Rank #2 (Buy). Its stock has gained 16.8% in the past three months. In the trailing four quarters, the company surpassed estimates on all occasions, the average earnings surprise being 10.87%. Also, its Zacks Consensus Estimate for earnings at $6.82 for 2021 and $7.46 for 2022 represents growth of 8.9% and 8.4% from the respective 30-day-ago figures.

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

Eaton Corporation, PLC Price, Consensus and EPS Surprise

Eaton Corporation, PLC price-consensus-eps-surprise-chart | Eaton Corporation, PLC Quote

A. O. Smith Corporation AOS: The Milwaukee, WI-based company engages in making commercial and residential water-heating equipment as well as water-treatment products. Strengthening replacement business, sound demand in North America, and solid product offerings and innovations are aiding the company. It presently has a Zacks Rank #2 and a market capitalization of $11.5 billion.

Its shares have gained 5.5% in the past three months. The company reported better-than-expected results in the trailing four quarters, the average positive earnings surprise being 17.35%. The Zacks Consensus Estimate for earnings is pegged at $2.74 for 2021 and $3.23 for 2022, representing growth of 1.9% and 4.2% from the 30-day-ago respective figures.

A. O. Smith Corporation Price, Consensus and EPS Surprise

A. O. Smith Corporation price-consensus-eps-surprise-chart | A. O. Smith Corporation Quote

Rexnord Corporation RXN: The Milwaukee, WI-based company engages in manufacturing water management, and process and motion control products. Diversified businesses, benefits from acquisitions, growth in e-commerce and innovation capabilities are its strength. It presently has a Zacks Rank #2 and a market capitalization of $7.4 billion.

The company’s shares have gained 23.1% in the past three months. It delivered impressive results in the trailing four quarters, beating estimates on all occasions. Its average earnings surprise is 11.96%. The Zacks Consensus Estimate for earnings is at $2.04 for 2021 and $2.36 for 2022, representing growth of 3.6% and 3.5% from the 30-day-ago respective figures.

Rexnord Corporation Price, Consensus and EPS Surprise

Rexnord Corporation price-consensus-eps-surprise-chart | Rexnord Corporation Quote

Regal Beloit Corporation RBC: Based in Beloit, WI, the company engages in manufacturing electrical and mechanical motion-control products. Strengthening businesses in end markets, including material handling, pool pump and residential heating, ventilation and air conditioning, and cost-control measures are likely tailwinds for the company. Its shareholder-friendly policies add to its attractiveness.

The company presently has a market capitalization of $6.3 billion and a Zacks Rank #2. Its stock has gained 9.1% in the past three months. In the trailing four quarters, the company surpassed estimates on all occasions, the average earnings surprise being 20.63%. Also, its Zacks Consensus Estimate for earnings pegged at $8.85 for 2021 and $9.68 for 2022 represents growth of 13% for both years from the respective 30-day-ago figures.

Regal Beloit Corporation Price, Consensus and EPS Surprise

Regal Beloit Corporation price-consensus-eps-surprise-chart | Regal Beloit Corporation Quote

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

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Enersys (ENS) : Free Stock Analysis Report

Rexnord Corporation (RXN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

(Updates to open)

By Amal S

Aug 17 (Reuters) – Canadian stocks extended losses for the fourth straight session on Tuesday, with the main TSX index hitting a one-week low as domestic and global economic data raised concerns about a slowing recovery.

The Toronto Stock Exchange's S&P/TSX composite index fell 0.5% to 20,390 in morning trade.

Losses were broad-based, with healthcare, industrial, consumer discretionary and materials sectors all falling between 0.6% and 1.5%.

Wall Street's main indexes tumbled almost 1% after data showed U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles.

Meanwhile, commodity prices remained under pressure as investors feared a hit to demand due to a spike in COVID-19 cases in the United States and several Asian economies.

"With the resurgence of COVID around the world, especially in the United States and even to a lesser degree in Canada, we're seeing the reopening stocks start to pull back," said Allan Small, senior investment adviser at Allan Small Financial Group.

"This whole notion of reopening trade is being called into question."

Data showed Canadian housing starts fell 3.2% in July, compared with the previous month, as a drop in multiple urban starts outweighed an increase in single-detached urban ones.

On investors' radar will be the domestic inflation data due on Wednesday, which will be perused for clues on the Bank of Canada's policy outlook.

Hopes of a steady economic recovery and strength in corporate earnings pushed Toronto stocks to record highs just last week, with energy and financial stocks among the biggest drivers this year.

HIGHLIGHTS

* Westshore Terminals Investment Corp jumped 3.3% to the top of the TSX after the marine port service provider's subsidiary entered into a conditional agreement to provide services to BHP Canada Inc.

* Lithium miner Lithium Americas Corp fell 4.3% to the bottom of the TSX.

* The TSX posted seven new 52-week highs and two new lows.

* Across all Canadian issues there were 31 new 52-week highs and 16 new lows, with total volume of 30.82 million shares.

* On the TSX, 46 issues were higher, while 174 issues declined for a 3.78-to-1 ratio to the downside, with 16.44 million shares traded. (Reporting by Amal S and Sruthi Shankar in Bengaluru and Sriraj Kalluvila)

Shares of Canada-based U.S. lithium mining company Standard Lithium (NYSEMKT: SLI) crashed on Tuesday and were down 11% as of 10:05 a.m. EDT. Instead, you can blame bigger lithium miners Albemarle (NYSE: ALB) and Livent (NYSE: LTHM) and the bank that just blasted them. In a report released Monday, Bank of America (NYSE: BAC) reiterated underperform ratings on two of the biggest names in lithium metal, Albemarle and Livent.

BENSALEM, Pa., Aug. 16, 2021 (GLOBE NEWSWIRE) —

Law Offices of Howard G. Smith 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 Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

Coinbase Global, Inc. (NASDAQ: COIN)
IPO: April 14, 2021
Lead Plaintiff Deadline: September 20, 2021

The Registration Statement was materially false and misleading and omitted to state material adverse facts. 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) Coinbase required a sizeable cash injection; (2) Coinbase’s platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

CorMedix Inc. (NASDAQ: CRMD)
Class Period: July 8, 2020 and May 13, 2021
Lead Plaintiff Deadline: September 20, 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 the following: (1) deficiencies existed with respect to DefenCath's manufacturing process and/or at the facility responsible for manufacturing DefenCath; (2) in light of the foregoing deficiencies, the FDA was unlikely to approve the DefenCath NDA for CRBSIs in its present form; (3) Defendants had downplayed the true scope of the deficiencies with DefenCath's manufacturing process and/or at the facility responsible for manufacturing DefenCath; and (4) 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.

Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL,PLLL)
Class Period: March 16, 2018 and 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 and July 16, 2021
Lead Plaintiff Deadline: September 27, 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) AdaptHealth had misrepresented its organic growth trajectory by retroactively inflating past organic growth numbers without disclosing the changes, in violation of SEC regulations; (2) accordingly, the Company had materially overstated its financial prospects; and (3) 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.

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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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

Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Lithium prices have been red hot, sparking big rallies in Albemarle Corporation (NYSE: ALB) and Livent Corp (NYSE: LTHM) in the past year.

Prices have started to stabilize as of late and one analyst said Monday the longer-term outlook for the lithium market makes it difficult to justify the valuations of these two lithium producers.

The Analyst: On Monday, Bank of America analyst Matthew DeYoe reiterated his Underperform rating for Albemarle and raised his price target from $140 to $208. He also reiterated an Underperform rating for Livent and raised his price target from $18 to $19.

The Thesis: Despite the target hikes, DeYoe said both lithium stocks are priced for perfection even though a large uptick in global supply is coming at some point to alleviate the current undersupplied market. For now, he sees “significant hype” in lithium stock valuations and said the two companies will likely be unable to deliver on the market’s high long-term growth expectations.

“We find equity values bake in substantial premiums to what companies can achieve based on their footprints and market growth,” DeYoe said.

Lithium carbonate prices have already started to level off after social distancing drove work-from-home demand for battery-powered devices such as laptops and power tools in 2020.

DeYoe said Spodumene production is still below 2019 levels even though demand is higher. The period of lower prices in 2019 and early 2020 drove multiple bankruptcies in the market that resulted in lower production capacity.

Looking ahead, DeYoe said he expects lithium supply to remain tight, but investors can expect 2022 production to roughly double 2021 production.

Benzinga’s Take: As with electric vehicle stocks, investors fully understand the huge long-term potential for future lithium demand. But even if there is a massive long-term demand coming for lithium in future decades, much of that demand may already be priced into Albemarle and Livent’s stocks given their steep valuations.

Latest Ratings for ALB

Aug 2021	B of A Securities	Maintains	Underperform
Aug 2021	RBC Capital	Maintains	Sector Perform
Aug 2021	Keybanc	Maintains	Underweight

View More Analyst Ratings for ALB
View the Latest Analyst Ratings

See more from Benzinga

BRISBANE, Australia, Aug. 16, 2021 (GLOBE NEWSWIRE) — Further to its announcement on Friday, 13 August 2021, Galaxy Resources Limited (ASX: GXY) (Galaxy) is pleased to announce that it has today lodged with the Australian Securities and Investments Commission (ASIC) a copy of the orders of the Supreme Court of Western Australia (Orders) approving its merger with Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre), pursuant to which Orocobre will acquire all of the shares in Galaxy (Galaxy Shares) by way of a scheme of arrangement (Scheme). As a result, the Scheme is now legally effective.

A copy of the Orders lodged with ASIC is included as Annexure A to this announcement.

Suspension of Trading

It is expected that Galaxy Shares will be suspended from trading on ASX at close of trading today, Monday, 16 August 2021.

Scheme Consideration

Galaxy shareholders who hold Galaxy Shares at the Scheme record date (being 5.00 pm (AWST) on Wednesday, 18 August 2021) (Scheme Record Date) will receive 0.569 new fully paid ordinary shares in Orocobre for each Galaxy Share held at the Scheme Record Date (Scheme Consideration), in accordance with the terms of the Scheme.

It is expected that the Scheme will be implemented, and the Scheme Consideration will be issued to Galaxy Shareholders, on Wednesday, 25 August 2021.

Scheme Timetable

The key dates remaining for the Scheme are set out below.

New Orocobre Shares commence trading on ASX on a deferred settlement basis	Tuesday, 17 August 2021
Scheme Record Date	Wednesday, 18 August 2021 at 5.00 pm
Implementation Date	Wednesday, 25 August 2021
New Orocobre Shares commence trading on ASX on a normal settlement basis	Thursday, 26 August 2021

Note: All times and dates in the above timetable are references to the time and date in Perth, Western Australia (AWST). All dates are indicative only. Galaxy reserves the right to vary the times and dates set out above. Any changes to the above timetable will be announced on ASX and notified on Galaxy's website at www.gxy.com.

This release was authorised by Mr Simon Hay, Chief Executive Officer of Galaxy Resources Limited and Mr Rick Anthon, Joint Company Secretary of Orocobre Limited.

For more information

Orocobre Limited ABN 31 112 589 910 Level 35, 71 Eagle St, Brisbane, QLD 4000 www.orocobre.com LinkedIn: https://www.linkedin.com/company/orocobre-limited Twitter: https://twitter.com/OrocobreLimited Facebook: https://www.facebook.com/OrocobreLimited/	Investor Relations Andrew Barber Orocobre Limited M: +61 418 783 701 E: abarber@orocobre.com	Media Enquiries Justin Kirkwood Kirkwoods M: +61 411 251 324 E: justin@kirkwoods.com.au

Galaxy Resources Limited ABN 11 071 976 442 Level 4 / 21 Kintail Rd, Applecross WA 6153 www.gxy.com LinkedIn: https://au.linkedin.com/company/galaxy-resources Twitter: https://twitter.com/galaxylithium	Investor Relations Phoebe Lee Galaxy Resources Limited T: +61 (8) 9215 1700 E: info@gxy.com

Annexure A – Copy of Court Orders is available at http://ml.globenewswire.com/Resource/Download/d0a50aeb-b159-41f0-b5fd-3cc94d6d6e9a

IMPORTANT NOTICES

This announcement is a joint announcement by Galaxy Resources Limited ACN 071 976 442 (Galaxy) and Orocobre Limited ACN 112 589 910 (Orocobre).

This announcement has been prepared in relation to the proposed merger between Galaxy and Orocobre by way of scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Scheme). Under the Scheme, Orocobre will acquire 100% of the fully paid ordinary shares in Galaxy in exchange for the issue of new fully paid ordinary shares in Orocobre. The Scheme is subject to the terms and conditions described in the merger implementation deed entered into between Galaxy and Orocobre as announced on 19 April 2021 (Merger Implementation Deed). A copy of the Merger Implementation Deed is available on the ASX website (at www.asx.com.au).

Galaxy and Orocobre have jointly prepared this announcement based on information available to them as at the date of this announcement. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Galaxy or Orocobre, their respective directors, employees, agents or advisers, or any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.

Forward Looking Statements

This announcement may contain forward looking statements concerning Galaxy, Orocobre and the merged group which are made as at the date of this announcement (unless otherwise indicated). Forward looking statements are not statements of historical fact and actual events and results may differ materially from those contemplated by the forward looking statements as a result of a variety of risks, uncertainties and other factors, many of which are outside the control of Galaxy, Orocobre and the merged group. Such factors may include, among other things, risks relating to funding requirements, lithium and other commodity prices, exploration, development and operating risks (including unexpected capital or operating cost increases), production risks, competition and market risks, regulatory restrictions (including environmental regulations and associated liability, changes in regulatory restrictions or regulatory policy and potential title disputes) and risks associated with general economic conditions. Any forward-looking statements, as well as any other opinions and estimates, provided in this announcement are based on assumptions and contingencies which are subject to change without notice and may prove ultimately to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current market conditions.

Except as required by law or the ASX listing rules, Galaxy and Orocobre assume no obligation to provide any additional or updated information or to update any forward looking statements, whether as a result of new information, future events or results, or otherwise. Nothing in this announcement will, under any circumstances (including by reason of this announcement remaining available and not being superseded or replaced by any other presentation or publication with respect to Galaxy, Orocobre or the merged group, or the subject matter of this announcement), create an implication that there has been no change in the affairs of Galaxy or Orocobre since the date of this announcement.

Not for release or distribution in the United States

This announcement has been prepared for publication in Australia and may not be released to U.S. wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction, and neither this announcement or anything attached to this announcement shall form the basis of any contract or commitment. Any securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except in transactions registered under the U.S. Securities Act of 1933 or exempt from, or not subject to, the registration of the U.S. Securities Act of 1933 and applicable U.S. state securities laws.

TSX matters

Orocobre is an “Eligible Interlisted Issuer” for purposes of the TSX and intends to rely on the exemptions set forth in Section 602.1 of the TSX Company Manual in respect of the Scheme. The issuance of shares by Orocobre pursuant to the Scheme is subject to acceptance by the TSX.

Potential International Lithium Corp. (CVE:ILC) shareholders may wish to note that insider Peter Kucak recently bought CA$300k worth of stock, paying CA$0.06 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 17%.

View our latest analysis for International Lithium

International Lithium Insider Transactions Over The Last Year

In fact, the recent purchase by insider Peter Kucak was not their only acquisition of International Lithium shares this year. Earlier in the year, they paid CA$0.055 per share in a CA$403k purchase. That implies that an insider found the current price of CA$0.055 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the International Lithium insiders decided to buy shares at close to current prices. Notably Peter Kucak was also the biggest seller.

Happily, we note that in the last year insiders paid CA$1.6m for 28.48m shares. But insiders sold 14.20m shares worth CA$1.1m. In total, International Lithium insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that International Lithium insiders own 33% of the company, worth about CA$3.6m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At International Lithium Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest International Lithium insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing International Lithium. To that end, you should learn about the 4 warning signs we've spotted with International Lithium (including 3 which make us uncomfortable).

Of course International Lithium may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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.

NEW YORK, NY / ACCESSWIRE / August 15, 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.

Didi Global Inc. F/K/A Xiaoju Kuaizhi Inc. (NYSE:DIDI)

This lawsuit is on behalf of persons and entities that purchased or otherwise acquired DiDi: (a) American Depositary Shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's June 2021 initial public offering; and/or (b) securities between June 30, 2021 and July 21, 2021, inclusive.

A class action has commenced on behalf of certain shareholders in Didi Global Inc F/K/A Xiaoju Kuaizhi Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) DiDi's apps did not comply with applicable laws and regulations governing privacy protection and the collection of personal information; (2) as a result, the Company was reasonably likely to incur scrutiny from the Cyberspace Administration of China; (3) the CAC had already warned DiDi to delay its IPO to conduct a self-examination of its network security; (4) as a result of the foregoing, DiDi's apps were reasonably likely to be taken down from app stores in China, which would have an adverse effect on its financial results and operations; and (5) 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/didi-global-inc-f-k-a-xiaoju-kuaizhi-inc-loss-submission-form/?id=18563&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=18563&from=1

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

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

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

Shareholders may find more information at https://securitiesclasslaw.com/securities/adapthealth-corp-f-k-a-dfb-healthcare-acquisitions-corp-loss-submission-form/?id=18563&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/659815/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-DIDI-PLL-and-AHCO

NEW YORK, NY / ACCESSWIRE / August 15, 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.

CorMedix Inc. (NASDAQ:CRMD)

CONTACT JAKUBOWITZ ABOUT CRMD:
https://claimyourloss.com/securities/cormedix-inc-loss-submission-form/?id=18555&from=1

Class Period : July 8, 2020 – May 13, 2021

Lead Plaintiff Deadline : September 20, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) deficiencies existed with respect to an investigational drug product, DefenCath's, manufacturing process and/or at the facility responsible for manufacturing DefenCath; (ii) in light of the foregoing deficiencies, the Food and Drug Administration was unlikely to approve the DefenCath new drug application for catheter-related bloodstream infections in its present form; (iii) Defendants had downplayed the true scope of the deficiencies with DefenCath's manufacturing process and/or at the facility responsible for manufacturing DefenCath; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Piedmont Lithium Inc. (NASDAQ:PLL)

CONTACT JAKUBOWITZ ABOUT PLL:
https://claimyourloss.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18555&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.

Iterum Therapeutics Plc (NASDAQ:ITRM)

CONTACT JAKUBOWITZ ABOUT ITRM:
https://claimyourloss.com/securities/iterum-therapeutics-plc-loss-submission-form/?id=18555&from=1

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

Lead Plaintiff Deadline : October 4, 2021

The filed complaint alleges that defendants 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.

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/659794/LAWSUITS-FILED-AGAINST-CRMD-PLL-and-ITRM–Jakubowitz-Law-Pursues-Shareholders-Claims

RADNOR, Pa., Aug. 14, 2021 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL, PLLL) ("Piedmont") on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period").

KTMC Logo (PRNewsfoto/Kessler Topaz Meltzer & Check, LLP)

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.

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

Cision

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SOURCE Kessler Topaz Meltzer & Check, LLP

VANCOUVER, BC, Aug. 13, 2021 /PRNewswire/ – Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is pleased to announce that all matters set forth in the management proxy and information circular dated July 15, 2021, (the "Circular") were approved by the shareholders of Rock Tech at the Company's Annual General Meeting (the "Meeting") in Vancouver on August 13, 2021.

Rock Tech Lithium Inc. (CNW Group/Rock Tech Lithium Inc.)

All directors, as set forth in the Circular, were elected with each director receiving at least 99.75% of the votes cast for the election of directors. Mr. Dirk Harbecke, Mr. Stefan Krause, Dr. Peter Kausch, Mr. Klaus Schmitz, Mr. Simon Bodensteiner and Dr. Wolfgang Voigt were re-elected to the board. Dale Matheson Carr-Hilton Labonte LLP was re-appointed as the auditor, receiving 99.99% of the votes cast for the appointment of auditors. The Company's stock option plan was approved, receiving 99.82% of the votes cast for the approval of the stock option plan. Similarly, all acts and deeds and other business were approved, receiving 99.99% and 99.81% of the votes cast for the respective motions.

On behalf of the Board of Directors,

"Dirk Harbecke"
Dirk Harbecke
Chairman and Chief Executive Officer

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.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward–looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Cision

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SOURCE Rock Tech Lithium Inc.

Vancouver, British Columbia–(Newsfile Corp. – August 13, 2021) – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements and management's discussion and analysis for the three months and six months ended June 30, 2021. Below is a summary of the Company's financial results for the second quarter of 2021 and year-to-date 2021 (all amounts in USD unless specified) in comparison to the same respective periods in 2020:

Revenue for the three months ended June 30, 2021 ("Q2 2021") increased to approximately $20.0 million (Q2 2020 – $9.3 million), representing a 114.9% increase. Revenue for the six months ended June 30, 2021 ("YTD Q2 2021") increased to $36.7 million (YTD Q2 2020 – $23.5 million) representing a 56.2% increase.

Mining operating income increased to $3.3 million in Q2 2021 (Q2 2020 – $0.9 million), representing an improved gross margin of 16.6% in Q2 2021 from 10.1% in Q2 2020. Mining operating income in YTD Q2 2021 increased to $4.8 million (YTD Q2 2020 – $2.4 million), representing an improved gross margin of 13.0% in YTD Q2 2021 from 10.1% in YTD Q2 2020.

Operating income was $0.7 million in Q2 2021 compared to an operating loss of $1.0 million in Q2 2020. Operating loss decreased by $1.2 million to $1.0 million in YTD Q2 2021 from $2.2 million in YTD Q2 2020 – a 53.8% decrease in operating loss.

Net income attributable to shareholders increased to $4.1 million (earnings attributable to shareholders – $0.03 per share) in Q2 2021 versus a loss of $3.0 million in Q2 2020 (loss attributable to shareholders – $0.03 per share). The improvement during Q2 2021 is primarily attributable to the increased revenue and positive gross margins generated by re-mining and processing the Company's tailings resource at the Crocodile River Mine ("CRM") to produce chrome concentrate and PGM concentrate, an increase in the foreign exchange gain as the South African Rand recovered against the U.S. Dollar, and a gain of $3.3 million to settle and dismiss certain outstanding lawsuits (See press release of June 21, 2021 for further information).

Net income attributable to shareholders increased to $3.3 million (earnings attributable to shareholders – $0.02 per share) in YTD Q2 2021 compared to a loss of $11.2 million (loss attributable to shareholders – $0.12 per share) in YTD Q2 2020. The drivers behind the significant variances in YTD Q2 2021 compared to YTD Q2 2020 is consistent with that described above between Q2 2021 and Q2 2020.

Positive working capital (current assets less current liabilities) of $14.7 million as at June 30, 2021 (December 31, 2020 – $4.1 million).

Operations

The Company continues its Retreatment Project at Barplats Mines (Pty) Limited's tailings facility located at the Company's CRM in South Africa.

Summary of chrome production for the three and six months ended June 30, 2021 and 2020:

	Q2 2021	Q2 2020	YTD Q2 2021	YTD Q2 2020
Average grade Cr concentrate	38.50%	38.51%	38.49%	38.54%
Tons of Cr concentrate	223,487	214,994	427,389	508,962

The Company's majority of revenue (approximately 90% and 92% for Q2 2021 and YTD Q2 2021, respectively) is generated from the offtake agreement with Union Goal Offshore Solution Limited ("Union Goal") in relation to chrome concentrate production from the Retreatment Project. The remaining amount of the Company's revenue was from PGM concentrate sales to Impala Platinum Limited ("Impala").

The completion of the reconfiguration and optimization of the small-scale PGM circuit ("PGM Circuit D") in Q1 2021 continued to successfully utilize the feed, following the recovery of chrome concentrate, to produce PGM concentrate under the respective offtake agreements in Q2 2021.

Summary of PGM production for the three and six months ended June 30, 2021:

	Q2 2021	Q2 2020	YTD Q2 2021	YTD Q2 2020
Tons of PGM concentrate	539	–	582	–

Diana Hu, President and CEO of Eastplats commented, "We are encouraged by the results from the second quarter as Eastplats continues its positive revenue growth and profitability through the Retreatment Project; increasing PGM capacity including through the PGM Main Circuit, which is expected to commission in the near future; and developing our other projects in the eastern limb of the Bushveld Complex."

Covid-19

The effects of Covid-19 are changing rapidly and could have material effects on the Company's 2021 outlook and its ability to attain targets. The uncertainty pertaining to Covid-19 remains as levels of lockdown in South Africa could change. A third wave has been experienced from May 2021 until July 2021 with increased number of positive cases and South Africa is currently on level three of lockdown. The CRM is in the process of enrolling as a vaccine administering site for the employees and continues to operate normally.

Outlook

The Company's targets for 2021 were updated following the completed Rights Offering in January 2021, including:

Continue operating the Retreatment Project efficiently;

Reconfigure, optimize, and consistently operate the small-scale PGM Circuit D, which also includes funding for some of the initial work required to restart the PGM Main Circuit (See press release of February 2, 2021);

Completion of the Optimization Project for the Retreatment Project;

Completion of the refurbishment of the existing PGM Main Circuit to increase the capacity and opportunity of PGM recovery and sales;

Establishment of the appropriate tailings storage facility phase II capital works program;

Upgrades and repairs to the CRM Zandfontein underground shaft and rock winder to ensure they are available for underground mining operations;

Mareesburg project environmental work to complete the environmental impact assessment ("EIA") and other environmental studies and amendments;

Prospecting and assessment work in relation to Zandfontein, Crocette and Spitzkop ore bodies;

EIA and other assessment work regarding a vertical furnace and pelletizer of chrome concentrate; and

CRM underground assessment including all chrome recovery activities in relation to the Retreatment Project.

The Company is actively progressing several revenue opportunities and exploring options to utilize or monetize other assets.

The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited.

The Company has filed the following documents, under the Company's profile on SEDAR at www.sedar.com:

Condensed interim consolidated financial statements for the three and six months ended June 30, 2021; and

Management's discussion and analysis for the three and six months ended June 30, 2021.

The condensed interim consolidated financial statements for the three and six months ended June 30, 2021 is available for download at https://eastplats.com/investors-2/reports/ and is also available on the JSE's website at: https://senspdf.jse.co.za/documents/2021/jse/isse/eps/HY21.pdf.

For further information, please contact:

EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
whui@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedar.com.

In particular, this press release contains, without limitation, forward-looking statements pertaining to: forecast of operational activity of the Retreatment Project, estimated operations and production of PGM Circuit D and PGM Main Circuit; estimated ramp up or upgrades to the PGM Circuit D and PGM Main Circuit; potential additional revenue from the PGM Circuit D and PGM Main Circuit; potential effects of COVID-19 such as a new lockdown imposed by the Government of South Africa; and any future measures taken by the Government of South Africa and their impact on the Company, and its business, operations, liquidity and cashflows. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedar.com. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93013

BRISBANE, Australia, Aug. 13, 2021 (GLOBE NEWSWIRE) — Galaxy Resources Limited (ASX: GXY) (Galaxy) and Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre) are pleased to announce that the Supreme Court of Western Australia (Court) has today made orders approving the proposed merger pursuant to which Orocobre will acquire all of the shares in Galaxy (Galaxy Shares) by way of a scheme of arrangement (Scheme).

Lodgement of Court Orders and Suspension of Trading

Galaxy expects to lodge an office copy of the Court's orders with the Australian Securities and Investments Commission on Monday, 16 August 2021, at which time the Scheme will become legally effective. If this occurs, Galaxy expects that Galaxy Shares will be suspended from trading on ASX at close of trading on Monday, 16 August 2021.

Scheme Timetable

The key dates expected for the Scheme are set out below.

Effective Date	Monday, 16 August 2021
New Orocobre Shares commence trading on ASX on a deferred settlement basis	Tuesday, 17 August 2021
Scheme Record Date	Wednesday, 18 August 2021 at 5.00 pm
Implementation Date	Wednesday, 25 August 2021
New Orocobre Shares commence trading on ASX on a normal settlement basis	Thursday, 26 August 2021

Galaxy will continue to update shareholders as to any material developments in relation to the Scheme as the timetable progresses.

This release was authorised by Mr Simon Hay, Chief Executive Officer of Galaxy Resources Limited and Mr Rick Anthon, Joint Company Secretary of Orocobre Limited.

For more information

Orocobre Limited ABN 31 112 589 910 Level 35, 71 Eagle St, Brisbane, QLD 4000 www.orocobre.com LinkedIn: https://www.linkedin.com/company/orocobre-limited Twitter: https://twitter.com/OrocobreLimited Facebook: https://www.facebook.com/OrocobreLimited/	Investor Relations Andrew Barber Orocobre Limited M: +61 418 783 701 E: abarber@orocobre.com	Media Enquiries Justin Kirkwood Kirkwoods M: +61 411 251 324 E: justin@kirkwoods.com.au

Galaxy Resources Limited ABN 11 071 976 442 Level 4 / 21 Kintail Rd, Applecross WA 6153 www.gxy.com LinkedIn: https://au.linkedin.com/company/galaxy-resources Twitter: https://twitter.com/galaxylithium	Investor Relations Phoebe Lee Galaxy Resources Limited T: +61 (8) 9215 1700 E: info@gxy.com

IMPORTANT NOTICES

This announcement is a joint announcement by Galaxy Resources Limited ACN 071 976 442 (Galaxy) and Orocobre Limited ACN 112 589 910 (Orocobre).

Forward Looking Statements

Not for release or distribution in the United States

TSX matters

NEW YORK, NY / ACCESSWIRE / August 13, 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.

Athira Pharma, Inc. (NASDAQ:ATHA)

This lawsuit is on behalf of investors who purchased Athira Pharma, Inc. (NASDAQ: ATHA) between September 18, 2020 and June 17, 2021 and/or purchased common stock in or traceable to the Company's registration statement issued in connection with the Company's September 2020 initial public offering priced at $17.00 per share.

A class action has commenced on behalf of certain shareholders in Athira Pharma, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the research conducted by Defendant Kawas, which formed the foundation for Athira's product candidates and intellectual property, was tainted by Kawas' scientific misconduct, including the manipulation of key data through the altering of Western blot images; and (2) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and omitted material facts necessary in order to make the statements made not misleading.

Shareholders may find more information at https://securitiesclasslaw.com/securities/athira-pharma-inc-loss-submission-form/?id=18520&from=1

Didi Global Inc. F/K/A Xiaoju Kuaizhi Inc. (NYSE:DIDI)

Shareholders may find more information at https://securitiesclasslaw.com/securities/didi-global-inc-f-k-a-xiaoju-kuaizhi-inc-loss-submission-form/?id=18520&from=1

Piedmont Lithium Inc. (NASDAQ:PLL)

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

Shareholders may find more information at https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18520&from=1

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/659640/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-ATHA-DIDI-and-PLL

New York, New York–(Newsfile Corp. – August 13, 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93134

NEW YORK, NY / ACCESSWIRE / August 12, 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.

DKNG Shareholders Click Here: https://www.zlk.com/pslra-1/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form?prid=18476&wire=1
COIN Shareholders Click Here: https://www.zlk.com/pslra-1/coinbase-global-inc-loss-submission-form?prid=18476&wire=1
PLL Shareholders Click Here: https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18476&wire=1

* ADDITIONAL INFORMATION BELOW *

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

DKNG Lawsuit on behalf of: investors who purchased December 23, 2019 – June 15, 2021
Lead Plaintiff Deadline : August 31, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form?prid=18476&wire=1

According to the filed complaint, during the class period, DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. 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.

Coinbase Global, Inc. (NASDAQ:COIN)

This lawsuit is on behalf of all persons and entities that purchased or otherwise acquired Coinbase Class A common stock pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 114,850,769 shares of its Class A common stock, whereby Coinbase began trading as a public company on or around April 14, 2021.
Lead Plaintiff Deadline : September 20, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/coinbase-global-inc-loss-submission-form?prid=18476&wire=1

According to the filed complaint, (1) the Company required a sizeable cash injection; (2) the Company's platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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=18476&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.

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/659463/CLASS-ACTION-UPDATE-for-DKNG-COIN-and-PLL-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

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

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

Revenue Details

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

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

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

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

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

Energy Systems’ sales were $371.2 million, which contributed 45.6% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 5%. Volume was up 3% and pricing had an adverse impact of 1%. Foreign currency translations benefitted by 3%.

The Motive Power segment generated revenues of $336.1 million, contributing 41.2% to net revenues in the reported quarter. The figure increased 27.9% year over year on the back of 22% growth in volumes, 1% positive contribution from pricing and 5% of forex tailwinds.

Specialty’s sales were $107.6 million, which contributed 13.2% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 21.3%. Volumes grew 18% in the quarter, while pricing and foreign currency translations had positive impacts of 1% and 2%, respectively.

Margin Profile

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

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

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

Balance Sheet & Cash Flow

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

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

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

Dividend & Share Buyback

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

Concurrently, the company announced that its board of directors approved the payment of a quarterly cash dividend of 17.5 cents per share to shareholders of record as of Sep 10. The disbursement will be made on Sep 24.

Outlook

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

Enersys Price, Consensus and EPS Surprise

Enersys price-consensus-eps-surprise-chart | Enersys Quote

Zacks Rank & Stocks to Consider

With a market capitalization of $4.2 billion, the company currently carries a Zacks Rank #3 (Hold).

Some better-ranked companies in the industry are A. O. Smith Corporation AOS, Emerson Electric Co. EMR and Regal Beloit Corporation RBC. All companies presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In the past 30 days, earnings estimates for all these companies improved for the current year. Further, earnings surprise for the last reported quarter was 12.31% for A. O. Smith, 11.22% for Emerson and 11.76% for Regal Beloit.

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Emerson Electric Co. (EMR) : Free Stock Analysis Report

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

Regal Beloit Corporation (RBC) : Free Stock Analysis Report

Enersys (ENS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

BRISBANE, Australia, Aug. 12, 2021 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) will release the 30 June 2021 Full-Year Financial Results on Wednesday 25 August 2021. Managing Director and CEO, Mr. Martín Pérez de Solay will conduct a live webcast briefing at 10:00am AEST (Brisbane, Sydney, Melbourne time). The webcast briefing will be available via Orocobre’s website www.orocobre.com. Written questions may be submitted via the webcast.

An archive copy of the briefing and Q&A session will subsequently be made available on the Company website.

Rick Anthon
Joint Company Secretary

For more information please contact:

Andrew Barber
Chief Investor Relations Officer
Orocobre Limited
T: +61 7 3871 3985
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

Radnor, Pennsylvania–(Newsfile Corp. – August 12, 2021) – The law firm of Kessler Topaz Meltzer & Check, LLP announces to Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) ("Piedmont") investors that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period").

Deadline Reminder: Investors who purchased or acquired Piedmont 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.

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.

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/92989

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

Ocugen, Inc. (NASDAQ:OCGN)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/ocugen-inc-loss-submission-form?prid=18507&wire=1
Lead Plaintiff Deadline: August 17, 2021
Class Period: February 2, 2021 – June 10, 2021

Allegations against OCGN include that: (i) the information submitted to the U.S. Food and Drug Administration ("FDA") was insufficient to support an Emergency Use Authorization ("EUA"), (ii) Ocugen would not file an EUA with the FDA, (iii) as a result of the foregoing, the Company's financial statements, as well as Defendants' statements about Ocugen's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Kanzhun Limited (NASDAQ:BZ)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/kanzhun-limited-loss-submission-form?prid=18507&wire=1
Lead Plaintiff Deadline: September 10, 2021
Class Period: June 11, 2021 – July 2, 2021

Allegations against BZ include that: (1) Kanzhun would face an imminent cybersecurity review by the Cyberspace Administration of China ("CAC"); (2) the CAC would require Kanzhun to suspend new user registration on its BOSS Zhipin app; (3) Kanzhun needed to "to conduct a comprehensive examination of cybersecurity risks"; (4) Kanzhun needed to "enhance its cybersecurity awareness and technology capabilities"; 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.

Piedmont Lithium Inc. (NASDAQ:PLL)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18507&wire=1
Lead Plaintiff Deadline: September 21, 2021
Class Period: March 16, 2018 – July 19, 2021

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

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

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

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

SOURCE: The Law Offices of Vincent Wong

View source version on accesswire.com:
https://www.accesswire.com/659600/SHAREHOLDER-ALERT-OCGN-BZ-PLL-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines

VANCOUVER, BC, Aug. 11, 2021 /CNW/ – Trading resumes in:

Company: Sego Resources Inc.

TSX-Venture Symbol: SGZ

All Issues: Yes

Resumption (ET): 12:15 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
“Cision”
Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/11/c2876.html

READING, Pa., Aug. 11, 2021 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of common stock payable on September 24, 2021, to holders of record as of September 10, 2021.

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

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

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

Caution Concerning Forward-Looking Statements

This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations,” including “Forward-Looking Statements,” set forth in EnerSys’ Quarterly Report on Form 10-Q for the period ended August 11, 2021. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.

EnerSys (ENS) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this maker of industrial batteries would post earnings of $1.28 per share when it actually produced earnings of $1.30, delivering a surprise of 1.56%.

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

EnerSys, which belongs to the Zacks Manufacturing – Electronics industry, posted revenues of $814.9 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $704.9 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

EnerSys shares have added about 18.5% since the beginning of the year versus the S&P 500's gain of 18.1%.

What's Next for EnerSys?

While EnerSys has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for EnerSys was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.29 on $825.37 million in revenues for the coming quarter and $5.44 on $3.38 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing – Electronics is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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Enersys (ENS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Vancouver, British Columbia–(Newsfile Corp. – August 11, 2021) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is delighted to announce results from four additional diamond drill holes in the Southern Gold Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC. The Southern Gold Zone is an intrusion disseminated hosted gold zone discovered during the Company's 2020 field program (See NR July 7, 2020) and first drilled during April 2021 (See News Release May 27, 2021).

Table 1. Significant gold results in diamond drill holes collared in the Southern Gold Zone

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
DDH 48	139.5	152.23	12.73	0.18
and	172.00	174.00	2	0.82

DDH 49	19.00	84.12	65.12	0.60
Including	28.76	54.45	25.69	0.95

DDH 50	11.28	105.48	94.20	0.86
Including	38.3	56.90	18.6	1.73
Including	72.35	97.20	24.85	1.05

DDH49 and DDH50 were collared 52 m and 46 m to the east and west, respectively, from the DDH46 and 47 section on the same fence as DDH47. Holes were oriented -50 at 160 azimuth similar to DDH46 and DDH47 (see Figure). Both holes intersected significant gold mineralization to the bottom of the holes and both warrant deepening below 84.12 m in DDH49 and 104.48 m in DDH50. DDH48 was collared 72 m to the northwest located on section DDH48-47 and intersected 0.18 g/t Au between 141 to152 m and 0.85 g/t gold (g/t Au) between 172 to 174 m. The results indicate a close proximity to deeper portions to the Southern Gold mineralization. DDH51 was collared 28 m north-northwest of DDH48, and was stopped at 108.5 m due to the fire ban and did not intersect any elevated gold results. For a detailed description of the geology and alteration of the Southern Gold Zone please refer to the Sego Resources Inc. May 27^th News Release.

Recent tests of drill core from DDH46 and DDH47 indicate fine-grained moderate to strong amounts of K-feldspar in many of the mineralized sections are associated with <1 to 2% disseminated pyrite. Elsewhere chlorite-sericite assemblages contain similar pyrite contents and gold mineralization and both assemblages alter mainly intrusions. This relatively new type of bulk mineable target has few other indicators to guide explorers and is a challenge to shut down drill holes.

Future exploration will include drill testing to the east and west trend of the Southern Gold Zone and the region deep below the current mineralized zone trend. The magnetic high anomaly below overburden that extends south of the Southern Gold Zone would be evaluated as the programs progress.

BENCH SCALE METALLURGICAL TESTING RECOVERS 95.8% OF THE GOLD FROM THE SOUTHERN GOLD ZONE

An initial bench scale 32.9 kg representative sample from DDH46 and DDH47 core (April drill program) was submitted to Met-Solve Laboratories Inc. to investigate recovery gravity and leaching CN tests. The work concluded 9.8% of the gold reports to gravity concentration and 59.3% recovered in 1 hour and 72.6 % after 3 hours using a cyanide leaching process. An impressive 95.8% of the gold recovered test the composite sample with little further testing. The entire "Sego Resources Inc. Metallurgical Testwork Report" can be found at www.segoresources.com

CEO J. Paul Stevenson comments, "The July program drill results continued to extend the strike length of the Southern Gold Zone to add the potential of bulk tonnage gold mineralization. The Southern Gold Zone is most likely a distal expression of blind porphyry copper-gold mineralization within a larger porphyry copper-gold system at the Miner Mountain Project. Our next drill program will include deeper drilling of the holes that were terminated in mineralization, and expand the mineralized zone to the east and west. The remarkable bench scale metallurgical testwork indicates the potential for a very low cost bulk mineable gold producer."

maps are available in news release at www.segoresources.com

Figure 1- Plan View of Drilling To Date

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1056/92823_0dee0677c42ed86e_002full.jpg

Quality Assurance / Quality Control

Drill core was shipped to MSALABS in Langley, BC for sample preparation and analysis. MSALABS is ISO/IEC 17025 and ISO 9001 certified. Samples were analyzed using an aqua regia digestion with an ICP finish.

Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.

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

About the Project:

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

For further information please contact:

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92823

NEW YORK, NY / ACCESSWIRE / August 11, 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.

360 DigiTech, Inc. (NASDAQ:QFIN)

Investors Affected: April 29, 2021 – July 7, 2021

A class action has commenced on behalf of certain shareholders in 360 DigiTech, Inc. The filed complaint alleges that defendants made materially 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/360-digitech-inc-loss-submission-form/?id=18453&from=1

Piedmont Lithium Inc. (NASDAQ:PLL)

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

Shareholders may find more information at https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18453&from=1

Concho Resources Inc. (NYSE:CXO)

Investors Affected: February 21, 2018 – July 31, 2019

A class action has commenced on behalf of certain shareholders in Concho Resources Inc. The filed complaint alleges that defendants 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/concho-resources-inc-loss-submission-form/?id=18453&from=1

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/659370/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-QFIN-PLL-and-CXO

Asset bubbles may now be too big to burst, creating a situation that Central Banks around the world might be unable to control. If it all comes crashing down, we think there’s only one place to be …

Gold.

The precious metal could rise as high as $3,000 to $5,000 per ounce in the next 3-5 years.

That’s according to the same fund manager who predicted the 2016 gold rally.

As cited by Bloomberg, Diego Parrilla, manager of the $250-million Quadriga Igneo fund that called the last gold rally, massive long-term damage has been caused by wildly loose monetary and fiscal policies, and everyone is underestimating the huge risk as central banks unwind stimulus, with assets soaring amid artificially low interest rates.

“Central bank money printing isn’t really solving problems, it’s delaying the problem," Parrilla told Bloomberg. “Gold will benefit purely from being a physical asset that you cannot print."

But the rally may start even sooner …

Goldman Sachs is expecting gold prices to break out of their tight trading range this year, with inflation worries stoking demand. Goldman has a $2,300 price target on gold. That’s a 22% rally from current levels.

That’s what is said to happen when you print money like mad. Stocks and assets rise dramatically … but without any link to true fundamentals.

They may get a painful reality check. And we think gold will emerge as the big winner.

If that all comes crashing down, a junior mining stock like Starr Peak Mining Ltd. (TSX:STE.V; OTC:STRPF), which has recently doubled its drilling program amid a potential gold rush in Quebec after it found indications of gold–and more.

Gold+ … A Basket of Base Metals Make This One Even More Attractive

In this atmosphere, it’s hard to imagine much that is better than gold. But there may be something: It’s a Volcanogenic Massive Sulphide, or VMS, deposit–a basket of precious and base metals–many of which are part of today’s major commodities surge.

Zinc is priced near multiple-year highs, despite Chinese attempts to cool the situation down …

Silver prices are set to rally–again …

Copper prices have been on a run, with record highs, with only a recent China slowdown managing to pump the brakes a bit.

And of course, gold.

Add all of this up and it’s clear why VMS deposits could make a junior mining company even more valuable. They aren’t just wonderfully diverse, but they also give miners long-term production potential.

And they are exactly what the major miners are looking for, but rarely find.

Why? If you take Australia’s Kidd Mine–a famous VMS deposit–and look at those numbers, it becomes clear why these are the number one plays in the discovery path: Since 1966, the Kidd Mine has produced 9 million tons of zinc, over 3.4 million tons of copper, and 12,000 tons of silver.

That’s $27 billion in zinc at today’s prices, $32 billion in copper and $6.6 billion in silver.

Source: Mining.com

So, not only is Quebec one of the most promising venues in the world for potential VMS deposits (not to mention gold, alone) …

But Starr Peak (TSX:STE.V; OTC:STRPF) has discovered an indication of just that. And the company reports it only took two 2 drills to find it.

Maiden Drills Surprised Investors

Starr Peak is an early stage exploration play. Some investors were fairly confident going into this one because they had been watching Amex Exploration, which made a high-grade gold discovery in 2019, right next to the past-producing Normetal Mine.

Now, the Normetal Mine has historically produced ~10.1 million tonnes of 2.15% copper, 5.12% zinc, 0.549g/t of gold and 45.25 g/t of silver.

So, when Starr Peak stepped in and acquired the land adjacent to Amex’s … and then bought the Normetal Mine itself (along with a string of other acquisitions), it started to attract attention–not the least from some Amex founders and shareholders themselves, who may have jumped on board for a hoped-for repeat success.

Starr Peak started drilling in January this year at its NewMetal property.

In March, it released its first results, showing large intervals of high-grade sulfide mineralization.

In May, they raised the stakes significantly, with drilling results indicating a potential VMS deposit, with rock containing multiple base metals, including zinc, copper, silver, and gold.

Then, in July, the best, highest-grade results yet, intersecting mineralization in every single hole:

Upper Zone (above 400m vertically)

o STE-21-09: 8.30 m of 10.09 % ZnEq including 2.70 m of 24.44 % ZnEq

o STE-21-17: 11.00 m of 9.01 % ZnEq including 3.00 m of 16.56 % ZnEq

o STE-21-27: 20.55 m of 7.04 % ZnEq including 5.10 m of 11.09 % ZnEq

o STE-21-29: 15.55 m of 9.94 % ZnEq including 10.10 m of 13.16 % ZnEq

Deep Zone (below 400m vertically)

o STE-21-14: 6.65 m of 18.07 % ZnEq which includes 1.05% Cu

o STE-21-21: 8.70 m of 8.82 % ZnEq including 2.15 m of 13.38 % ZnEq

And Now, Starr Peak Is Doubling DownAfter intersecting high-grade gold, silver, copper, and zinc on its first two drills at the past-producing mine it acquired earlier this year, the company looks to be fast-tracking expansion.

In May, it expanded drilling from 5,000 meters to 20,000 meters. In late July, when it announced its highest-grade result to date, Starr Peak said it would double drilling, to 40,000 meters.

When a company expands its drilling campaign to this effect, it tells us a lot about their level of confidence; and in this case, the VMS indications so far may be reason enough.

VMS deposits occur along tectonic plate boundaries, and finding one of these deposits puts Starr Peak in a position to become rich in metals that will continue to increase in value over time.

The most promising fact that comes from all of this is that as of July 2021, Starr Peaks has a 98% hit rate on its drill targets.

Recap: Results, Results, Results

Starr Peak (TSX:STE.V; OTC:STRPF) has proved to be clever with its decision to purchase the land adjacent to where Amex Exploration made their huge discovery. So far they have made some promising findings and based on their investments and efforts, they are quite confident with what they hope to continue to find. Starr Peak could prove to be a rather exciting opportunity, just based on the return that early Amex Exploration shareholders saw–without a VMS deposit.

Starr Peak now has over 2,800 hectares of highly prospective gold property, including a past-producing mine
It’s operating at a 98% hit rate for its drilling and has landed on high-grade indications of a potential VMS deposit, which position it to be very attractive to major miners combing wildly untapped Quebec for a juicy basket of metals
It’s just added significantly to its drilling for a second time from 40,000 meters to 60,000 meters based on its positive results so far, and it’s fully funded to keep drilling (with CAD$7.5 million in the bank as of July 22^nd, 2021)
Amex earned early-in shareholders tons of returns, Starr Peak is setting themselves up for a potential repeat–or better.

This is an early-stage exploration play, but so far, it’s looking like one of the most exciting gold+ narratives we’ve seen in a very long time. It’s high-risk, high-reward, but with each drill hole, Starr Peak is further de-risking at a relatively fast pace.

Gold Majors Are Making Big Moves

AngloGold Ashanti (NYSE:AU) a South African mining company, is responsible for some of the most important discoveries in modern gold mining. They were one of the first companies to use laser technology to find gold deposits and create new mines. This innovative process helped them revolutionize the world's metals market with their laser-assisted exploration systems that can detect and map mineral reserves at depths up to 5 kilometers below ground level.

AngloGold is one of the most diverse and exciting miners on the planet, shielding itself from country-specific regulatory troubles or civil strife. It has operations on four continents including Africa, Australia, South America and North America. And though it has had some problems over the past decade, specifically in the early 2010s when the gold market took a major hit forcing many miners, including AngloGold to shutter operations, the mining giant has persevered.

Sociedad Química y Minera de Chile (NYSE:SQM) is a Chilean company that has been in operation for over 100 years and operates the most profitable commercial mine in the country. SQM produces more than 55 minerals, including lithium, iodine, potassium nitrate and copper. The company's headquarters are located on Avenida Kennedy, Santiago which was once an industrial area of the city with as many of 300 factories built there during its heyday between 1880 to 1930s.

Sociedad Química y Minera,signed in December a long-term supply deal with LG Energy Solution, which in turn supplies batteries to carmakers such as Tesla and GM. Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029. Sociedad Química y Minera sees the lithium industry growing at around 20 percent per year in the long term, supported by rising EV sales and emission reduction goals from China to the United States. And SQM doesn’t just produce lithium, either, making it well positioned in the resource boom.

Freeport-McMoRan’s (NYSE:FCX) roots date back to 1871, when it was founded as the Arizona Mining Company. In 1928, after experiencing a number of name changes and acquisitions, the company became Freeport-McMoRan Inc. While it’s primarily known for its copper production, it also produces gold. In fact, its Grasberg mine in Indonesia holds of the world's largest deposits of copper and gold. But that’s just scratching the surface of the miner’s global assets. Freeport-McMoRan also has extensive operations across the Americas, including mines in Arizona, Mexico and Peru.

The miner has long been recognized as a leader in safety practices and environmental stewardship with its sustainable development initiatives. The company is also committed to protecting human rights within their supply chain through an aggressive anti-corruption policy that includes detailed reporting on progress made towards these goals.

Kinross Gold Corp. (NYSE:KGC, TSX:K) is a Canadian-based gold mining company with operations in Africa, North America and Russia. They are one of the largest gold producers in the world and have been publicly traded on both the Toronto Stock Exchange (TSX) and American Stock Exchange (AMEX) since 2003. Their headquarters are located in Toronto, Ontario, Canada but they maintain offices all over the world including Johannesburg, South Africa; Denver, Colorado; Moscow, Russia; Kinshasa Democratic Republic of Congo; Lima Peru as well as Vancouver British Columbia Canada.

Similar to AngloGold and many of its other peers, Kinross has been enjoying dramatic improvements in profit margins and cash flow thanks to the surge in gold prices–and this trend appears set to continue with the gold outlook remaining decidedly bullish. With all factors remaining constant, Kinross should be able to realize high single-digit EPS expansion in the current year.

Kirkland Lake Gold (NYSE:KL, TSX:KL) is a Canadian gold mining company that has been in operation for over fifty years. They are one of the world's largest producers of gold, with their mines located throughout Canada. The company focuses on using sustainable practices to ensure they are leaving behind an environment that can be enjoyed by generations to come.

Recently, Kirkland and Newmont signed a $75 million exploration deal that could wind up being a game-changer for the industry. The two companies have agreed to split the cost 50/50 over five years with each company investing $15 million every year into joint projects between both companies for exploration purposes only – at this point it seems like a win. According to a joint press release in late 2020, “Newmont has acquired an option from Kirkland on the mining and mineral rights subject to a royalty payable by Newmont to Royal Gold, Inc. (the Holt Royalty) in exchange for a $75 million payment to Kirkland Lake Gold. Newmont can exercise the Option only in the event Kirkland intends to restart operations at the Holt Mine and process material subject to the Holt Royalty”

Barrick Gold (NYSE:GOLD, TSX:ABX) is a mining, exploration and production company. It has operations in Canada, the US and South America with mines in North America (Nevada), Chile and Argentina. Barrick also operates an open-pit mine at Pascua Lama on the border of Chile and Argentina. The Company's growth strategy includes expanding its Carlin Trend gold deposit in Nevada through selective acquisitions of key properties to provide meaningful leverage to rising gold prices as well as increased exploration for new deposits both within existing assets such as Porcupine District, Yukon Territory; San Dimas District, Sonora State, Mexico; Cortez Gold Project Colorado; El Peñón Mine Complex Santa Cruz Province Argentina) or outside them (Porco project).

Barrick is a top-tier gold miner with a global footprint. The Toronto-based gold giant operates in 13 countries, including Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. Though Newmont surpassed Barrick as the largest gold miner when it acquired Goldcorp, Barrick is still a force to be reckoned with.

Following its acquisition of Goldcorp, Newmont (NYSE:NEM, TSX:NGT) has now become one of the world's largest gold producers. It is clear that this company knows how to produce and market gold on a large scale. The company also owns several mining operations in North America, Australia, and Asia Pacific regions. They have developed many different methods for extracting gold from mines all over the world including open pit mining techniques as well as underground extraction techniques.

In addition to producing and marketing their own mined resources, Newmont Goldcorp offers consulting services where they provide guidance on exploration projects around the globe. This company is an industry leader in exploration both domestically and abroad with offices located in 12 countries across 5 continents! Newmont works with their suppliers to find the best way to extract these materials from various sources including hard rock mines (rocks), soft rock mines (sedimentary rocks) or surface deposits of minerals like salt lakes or sand-based beaches.

Yamana Gold (NYSE:AUY, TSX:YRI), is a well-known gold mining company, with operations in Brazil and Argentina. The company has been producing gold for over 50 years and operates two mines: the Canadian Malartic mine in Canada and the Minera Florida mine in Chile. It also owns three other properties: Agua Rica, Tapada do Norte, and Caiena. One of Yamana's most notable mines is Chapada mine in Brazil which has been operational since 2011.

Earlier this year, Yamana signed a deal with industry giants Glencore and Goldcorp to develop and operate another Argentinian project, the Agua Rica. Initial analysis suggests the potential for a mine life in excess of 25 years at average annual production of approximately 236,000 tonnes (520 million pounds) of copper-equivalent metal, including the contributions of gold, molybdenum, and silver, for the first 10 years of operation.

Harmony Gold (NYSE:HMY) is a gold mining company that was founded in 1924. It has been listed on the Johannesburg Stock Exchange since 1928 and it incorporated in 1956. The company's headquarters are located in Johannesburg, South Africa. Harmony Gold operates mines in Australia, Ghana, Papua New Guinea and Tanzania as well as exploration properties across Africa including Namibia, Congo-Kinshasa and Mali.

Harmony is another South African miner which has exploded onto the radars of investors. In 2020, Harmony raised a whopping $200 million to partially fund a key acquisition of AngloGold’s assets in its home country. The deal is expected to more-than-triple its gold production to as much as 1.8 million ounces per year.

First Majestic Silver (NYSE:AG, TSX:FR) is an exploration and development company with operations in Mexico. First Majestic Silver has been developing the San Jose mine for over 20 years, and it is now one of the world's largest silver producing mines. With a team of experienced geologists, engineers, metallurgists, miners and other professionals, First Majestic Silver strives to develop high-quality resources that maximize shareholder value.

First Majestic Silver's goal is to provide shareholders with a secure investment in precious metals while maximizing profitability for each project. They are committed to enhancing economic growth by creating jobs through sustainable mining practices which will contribute positively to their local communities as well as society at large.

While its primary focus remains on silver mining, it does hold a number of gold assets, as well. Additionally, silver tends to follow gold’s lead when wider markets begin to look shaky. And with analysts sounding the alarms of a global economic slowdown, both metals are likely to regain popularity among investors.

Wheaton Precious Metals Corp. (NYSE:WPM, TSX:WPM) is a leading global precious metals mining company with extensive experience in exploration, development and production activities on six continents. The Company produces silver, gold and other related minerals from various mines in North America, South America and Africa. As one of the largest ‘streaming’ companies on the planet, Wheaton has agreements with 19 operating mines and 9 projects still in development. Its unique business model allows it to leverage price increases in the precious metals sector, as well as provide a quality dividend yield for its investors.

Recently, Wheaton sealed a deal with Hudbay Minerals Inc. relating to its Rosemont project. For an initial payment of $230 million, Wheaton is entitled to 100 percent of payable gold and silver at a price of $450 per ounce and $3.90 per ounce respectively.

Randy Smallwood, Wheaton's President and Chief Executive Officer explained, "With their most recent successful construction of the Constancia mine in Peru, the Hudbay team has proven themselves to be strong and responsible mine developers, and we are excited about the same team moving this project into production. Rosemont is an ideal fit for Wheaton's portfolio of high-quality assets, and when it is in production, should add well over fifty thousand gold equivalent ounces to our already growing production profile."

By. Charles Kennedy for Oilprice.com

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ

CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that prices for gold, silver, copper, zinc and other base metals will retain their value in future as currently expected, or could continue to increase due to global demand and political reasons; that Starr Peak can fulfill all its obligations to acquire its Quebec properties; that Starr Peak’s property can continue to achieve drilling and mining success for gold and other metals; that historical geological information and estimations will prove to be accurate or at least very indicative; that high-grade targets exist; that Starr Peak will be able to carry out its business plans, including future exploration and drilling programs; that the preliminary drilling results will be confirmed as further exploration continues; that the lab results from Starr Peak’s initial exploration program will confirm evidence of a significant VMS deposit; that Starr Peak’s exploration results will gain the attention and interest of larger mining companies and investors; that Starr Peak’s exploration results will continue to show promising results justifying ongoing exploration and possible development efforts. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that politics don’t have nearly the strong effect on gold and other base metal prices as expected; that demand for base metals may not continue to increase; that the Company may not complete all its announced mineral property purchases for various reasons; that the Company may not be able to finance its intended drilling and exploration programs; Starr Peak may not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information or testing; that the lab results from Starr Peak’s initial exploration program may not support evidence of a significant VMS deposit; that the preliminary drilling results may not be confirmed during further exploration efforts; that Starr Peak will fail to gain the attention and interest of other mining companies and investors; that Starr Peak’s exploration results may fail to find additional promising results justifying ongoing exploration and/or development efforts; and despite promising results from drilling and exploration, there may be no commercially viable minerals or ore on Starr Peak’s property. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by Starr Peak but may in the future be compensated to conduct investor awareness advertising and marketing for TSXV:STE. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns shares of Starr Peak and therefore has an additional incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation.

ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

Read this article on OilPrice.com

(Bloomberg) — Chile’s labor woes are spreading from copper to lithium, as members of a union at one of Albemarle Corp.’s sprawling brine-processing operations walked off the job.

The 135 members of the Salar union began a strike Wednesday after failing to reach a wage agreement in collective bargaining with management.

In a letter, union leaders accuse the company of anti-union practices and said they are pushing for improvements in working conditions and wage equality. The company said it regrets the union’s decision and remains confident of reaching a deal as it has without disputes with three other unions.

Albemarle has contingencies in place to continue operating, although much would depend on how long the strike lasts. The U.S.-based company is the world’s biggest producer of lithium and Chile is the No. 2 exporter.

The lithium labor stoppage comes at a time of tightening global supplies of the metal used in rechargeable batteries, and adds to strike risks in Chile’s giant copper industry where three mines are facing disruptions.

Union members at a Chilean copper mine owned by JX Nippon Mining & Metals started a strike this week, while workers at Codelco’s Andina mine are scheduled to stop work on Thursday. The implications for the copper market are far higher at BHP Group’s giant Escondida mine, where union members are voting on a final wage offer.

The windfall enjoyed by metal producers is emboldening workers, with host nations also looking at ratcheting up taxes to help resolve inequalities exacerbated by the pandemic. In Chile, that’s all playing out as the nation drafts a new constitution that may lead to tougher rules on water, glaciers, mineral and community rights, with presidential elections in November. At the same time, companies are striving to keep labor costs in check in a cyclical business and as input prices start to rise.

Albemarle has two production sites in northern Chile: the Salar plant in the Atacama desert and La Negra near the city of Antofagasta. More than 700 people work in the two sites, according to the company’s website.

(Adds copper strikes in sixth paragraph. A previous version corrected the number of employees in last paragraph.)

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

Let's talk about the popular Sociedad Química y Minera de Chile S.A. (NYSE:SQM). The company's shares received a lot of attention from a substantial price increase on the NYSE over the last few months. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Sociedad Química y Minera de Chile’s outlook and value based on the most recent financial data to see if the opportunity still exists.

View our latest analysis for Sociedad Química y Minera de Chile

What is Sociedad Química y Minera de Chile worth?

According to my valuation model, Sociedad Química y Minera de Chile seems to be fairly priced at around 7.46% above my intrinsic value, which means if you buy Sociedad Química y Minera de Chile today, you’d be paying a relatively fair price for it. And if you believe the company’s true value is $50.11, then there isn’t really any room for the share price grow beyond what it’s currently trading. What's more, Sociedad Química y Minera de Chile’s share price may be more stable over time (relative to the market), as indicated by its low beta.

What does the future of Sociedad Química y Minera de Chile look like?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to more than double over the next couple of years, the future seems bright for Sociedad Química y Minera de Chile. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What this means for you:

Are you a shareholder? It seems like the market has already priced in SQM’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?

Are you a potential investor? If you’ve been keeping tabs on SQM, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Case in point: We've spotted 1 warning sign for Sociedad Química y Minera de Chile you should be aware of.

If you are no longer interested in Sociedad Química y Minera de Chile, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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

SQM (SQM) shares ended the last trading session 5.6% higher at $53.85. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1% gain over the past four weeks.

SQM’s shares are heading higher in anticipation of strong second-quarter results. The company’s results are expected to be supported by higher global demand and prices for fertilizers on the back of healthy grower economics as well as favorable trends in the lithium market underpinned by strong electric vehicle sales and improving prices. Higher sales volumes and prices across its lithium and specialty plant nutrition businesses are expected to drive its top line and margins in the second quarter.

This chemicals company is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +68.4%. Revenues are expected to be $543.03 million, up 18.4% from the year-ago quarter.

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

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

The stock currently carries a Zacks Rank 2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report

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