Tech Metals Archives - Page 32 of 71

(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.

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. A total of 546 people work in the two sites, according to the company’s website.

More stories like this are available on bloomberg.com

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Vancouver, British Columbia–(Newsfile Corp. – August 11, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that it has closed the first tranche of its non-brokered private placement (the "Private Placement") of units ("Unit") announced on July 15, 2021. On closing, the Company issued 8,966,667 Units at CAD $0.06 per Unit for proceeds of CAD $538,000. Each Unit is comprised of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional common share at an exercise price of CAD $0.08 per common share until June 30, 2024.

The proceeds of the Private Placement will be used for exploration on the Company's Raleigh Lake Project and for general corporate and administrative costs. All Private Placement securities will be restricted from trading for a period of four months plus one day from the date of closing.

No finder's fees were paid on this tranche of the transaction.

John Wisbey, Chairman and CEO of the Company, commented, "This placing continues the successful fundraising conducted earlier this year, and allows us to continue work on our lithium and rubidium deposit at Raleigh Lake soon after the current forest fire prevention restrictions in that part of Ontario are lifted."

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

About International Lithium Corp.

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

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

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

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina. In respect of the latter, the Company has announced that its board believes it to be in the best interests of the Company to sell its stake in Mariana before the next capital intensive stage of the project gets underway.

The Raleigh Lake project consists of 3,027 hectares of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The pegmatites explored there contain significant quantities of rubidium and caesium as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

Current ownership of the Mariana lithium-potash brine project is through a joint venture company, Litio Minera Argentina S. A. ("LMA"), a private company registered in Argentina. At December 31, 2020, LMA was owned 88.4% by Ganfeng Lithium and 11.6% by ILC (percentages are subject to audit). As at mid 2021 and subject to further audit, the Company's share had been diluted to around 10%. In addition, ILC currently has an option to acquire a further 10% in LMA through a back-in right. The Mariana project is located within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, and has over 7,800,000 tonnes of Measured and Indicated Lithium Chloride equivalent resource, ranking it as one of the more prospective salars or 'salt lakes' in the region.

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

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

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

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

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92880

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

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

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

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

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

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

Join the case to recover your losses.

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

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

CONTACT:

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

SOURCE: The Schall Law Firm

View source version on accesswire.com:
https://www.accesswire.com/659164/INVESTOR-ACTION-NOTICE-The-Schall-Law-Firm-Reminds-Investors-of-a-Class-Action-Lawsuit-Against-Piedmont-Lithium-Inc-and-Encourages-Investors-with-Losses-in-Excess-of-100000-to-Contact-the-Firm

SAN FRANCISCO, CA / ACCESSWIRE / August 10, 2021 / Hagens Berman urges Piedmont Lithium Inc. (NASDAQ:PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021

Lead Plaintiff Deadline: Sept. 21, 2021

Visit:www.hbsslaw.com/investor-fraud/PLL

Contact An Attorney Now:PLL@hbsslaw.com

844-916-0895

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

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

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

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

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

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

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

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

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

# # #

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

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com:
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NEW YORK, NY / ACCESSWIRE / August 9, 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.

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

CONTACT JAKUBOWITZ ABOUT DKNG:
https://claimyourloss.com/securities/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form/?id=18385&from=1

Class Period : December 23, 2019 – June 15, 2021

Lead Plaintiff Deadline : August 31, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) SBTech Global Limited ("SBTech"), a company acquired by DraftKings, had a history of unlawful operations; (ii) accordingly, DraftKings' merger with SBTech exposed the Company to dealings in black-market gaming; (iii) the foregoing increased the Company's regulatory and criminal risks with respect to these transactions; (iv) as a result of all the foregoing, the Company's revenues were, in part, derived from unlawful conduct and thus unsustainable; (v) accordingly, the benefits of the Business Combination were overstated; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

Piedmont Lithium Inc. (NASDAQ:PLL)

CONTACT JAKUBOWITZ ABOUT PLL:
https://claimyourloss.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18385&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.

Ardelyx Inc. (NASDAQ:ARDX)

CONTACT JAKUBOWITZ ABOUT ARDX:
https://claimyourloss.com/securities/ardelyx-inc-loss-submission-form/?id=18385&from=1

Class Period : August 6, 2020 – July 19, 2021

Lead Plaintiff Deadline : September 28, 2021

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

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/659056/Lawsuits-Filed-Against-DKNG-PLL-and-ARDX–Jakubowitz-Law-Pursues-Shareholders-Claims

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

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

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form?prid=18424&wire=1
Lead Plaintiff Deadline: August 31, 2021
Class Period: December 23, 2019 – June 15, 2021

Allegations against DKNG include 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)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/coinbase-global-inc-loss-submission-form?prid=18424&wire=1
Lead Plaintiff Deadline: September 20, 2021
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.

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

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=18424&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/659199/SHAREHOLDER-ALERT-DKNG-COIN-PLL-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines

In this article, we discuss the 10 best EV materials stocks to buy. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best EV Materials Stocks to Buy.

The increase in demand for electric vehicles (EVs) around the world over the past few years has also given a boost to companies that sell products critical to the manufacture of these vehicles. In the mining sector, copper and lithium producing firms deal extensively with the EV industry. In the automotive field, firms that sell transmission and electrical systems have contracts with EV makers. Semiconductor manufacturers have also benefited from the rise in EV sales. According to the International Energy Agency, there were more than 10 million EVs on the roads in 2020.

In June, news publication Forbes reported that a group of EV materials stocks picked by a team of experts at the publication had registered year-to-date gains of 17%, comparing favorably to the 15% year-to-date rise in the industry benchmark S&P 500 over the same time period. Some of the prominent names in the electric vehicle industry presently include Tesla, Inc. (NASDAQ: TSLA), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), NIO Inc. (NYSE: NIO), and Freeport-McMoRan Inc. (NYSE: FCX), among others.

Despite the COVID-19 pandemic, electric vehicle makers had a better-than-expected fiscal year, with Tesla, Inc. (NASDAQ: TSLA) registering a record rally through the lockdown that shattered market records. In 2021, after a slow start to the year, EV sales are back on the growth trajectory, with EV makers like Tesla, Inc. (NASDAQ: TSLA) and NIO Inc. (NYSE: NIO) reporting record deliveries. Investment bank Citigroup claims EV makers delivered 227,000 new energy vehicles in China, a big EV market, in June this year, up 15% month-on-month and 166% year-on-year.

A report on the outlook for the electric vehicle industry by the IEA reveals that in the first quarter of this year, EV sales rose by 140% year-on-year. Most of this growth was attributed to the sales of EVs in China and Europe, accounting for 500,000 and 450,000 total deliveries respectively. If the sales of EVs continue to grow, the agency further notes, EVs could represent 7% of the road vehicle fleet by 2030, compared to the 12% goal (230 million EV vehicles on the road) that a Sustainable Development initiative has envisioned. Nickel and cobalt, two key metals required for the production of EV batteries, as well as copper, used in a variety of EV components, have gradually seen demand rise as the sale and production of EVs accelerates. A report by Glencore, a mining firm, has forecast that the demand for these three metals will jump to 1.1 megaton, 314 kiloton, and 4.1 megaton by 2030. The company predicts that if 10 million EVs are sold every year by 2025, nickel demand will increase by 400 kilotons annually.

EV makers have disrupted the auto industry in much the same way as the rise of fintech has impacted the finance world. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Our Methodology

With this context in mind, here is our list of the 10 best EV materials stocks to buy. These were ranked keeping in mind analyst ratings, basic business fundamentals, and hedge fund sentiment.

Best EV Materials Stocks to Buy

10. Nano Dimension Ltd. (NASDAQ: NNDM)

Number of Hedge Fund Holders: 11

Nano Dimension Ltd. (NASDAQ: NNDM) is an Israeli firm that makes and sells additive electronics. It is placed tenth on our list of 10 best EV materials stocks to buy. One of the premier products of the firm is the DragonFly lights-out digital manufacturing system that produces circuit-boards, antennas, and sensors, among other things, for prototyping. The company markets these products to the electric vehicle industry as well. It has a market cap of $1.6 billion and posted $3.4 million in revenue last year.

In earnings results for the first quarter, posted on May 20, Nano Dimension Ltd. (NASDAQ: NNDM) reported a revenue of $0.81 million, up more than 15% compared to the revenue over the same period last year.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Nano Dimension Ltd. (NASDAQ: NNDM) with 6.6 million shares worth more than $57 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), NIO Inc. (NYSE: NIO), and Freeport-McMoRan Inc. (NYSE: FCX), Nano Dimension Ltd. (NASDAQ: NNDM) is one of the best EV materials stocks to buy.

9. BorgWarner Inc. (NYSE: BWA)

Number of Hedge Fund Holders: 27

BorgWarner Inc. (NYSE: BWA) is a company that provides solutions for electric vehicles globally. It is headquartered in Michigan and is ranked ninth on our list of 10 best EV materials stocks to buy. Some of the products that the firm markets include turbo chargers, timing systems, transmission chains, electric air pumps, among other things. In earnings results for the second quarter, posted on August 4, the firm reported earnings per share of $1.08, beating predictions by $0.28. The revenue over the period was $3.7 billion, up 162% year-on-year.

On June 9, investment advisory Baird maintained an Outperform rating on BorgWarner Inc. (NYSE: BWA) stock and raised the price target to $59 from $53, noting that the firm was a top pick of patient value investors.

Out of the hedge funds being tracked by Insider Monkey, Ohio-based investment firm Diamond Hill Capital is a leading shareholder in BorgWarner Inc. (NYSE: BWA) with 7.9 million shares worth more than $369 million.

In addition to Tesla, Inc. (NASDAQ: TSLA), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), NIO Inc. (NYSE: NIO), and Freeport-McMoRan Inc. (NYSE: FCX), BorgWarner Inc. (NYSE: BWA) is one of the best EV materials stocks to buy.

In its Q4 2020 investor letter, Ariel Investments, an asset management firm, highlighted a few stocks and BorgWarner Inc. (NYSE: BWA) was one of them. Here is what the fund said:

“BorgWarner, Inc. was essentially flat in the quarter, underperforming a strong market. Many believe BWA will be hurt by a transition from gas powered cars to electric vehicles (“EV’s”). The company’s turbochargers and powertrain products rely on intellectual property tied to petroleum-based technology. Although the company has worked hard to increase its market share in the EV powertrain market, particularly with the acquisition of Delphi Technologies, we believe the company does have negative exposure to the rapid conversion to an all EV new car fleet. But we believe that this conversion will be gradual, giving BorgWarner time to alter its product offerings accordingly. We continue to monitor developments closely.”

8. MP Materials Corp. (NYSE: MP)

Number of Hedge Fund Holders: 29

MP Materials Corp. (NYSE: MP) is placed eighth on our list of 10 best EV materials stocks to buy. The firm operates from Nevada and engages in rare earth mining and processing. These rare earth metals are used in a variety of products related to electric vehicles. Some of the rare earths marketed by the firm include neodymium and praseodymium, among others. In earnings results for the second quarter, posted on August 5, the firm reported earnings per share of $0.15, beating expectations by $0.04.

On July 23, investment advisory DA Davidson initiated coverage of MP Materials Corp. (NYSE: MP) stock with a Buy rating and a price target of $45, noting that the firm controlled 15% of the global rare earth supply and was poised for growth.

At the end of the first quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $2.6 billion in MP Materials Corp. (NYSE: MP), down from 32 in the preceding quarter worth $2.7 billion.

Alongside Tesla, Inc. (NASDAQ: TSLA), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), NIO Inc. (NYSE: NIO), and Freeport-McMoRan Inc. (NYSE: FCX), MP Materials Corp. (NYSE: MP) is one of the best EV materials stocks to buy.

7. Allison Transmission Holdings, Inc. (NYSE: ALSN)

Number of Hedge Fund Holders: 30

Allison Transmission Holdings, Inc. (NYSE: ALSN) is ranked seventh on our list of 10 best EV materials stocks to buy. The firm makes and sells automatic transmissions for commercial vehicles and is based in Indiana. It was founded in 1915 and has a market cap of over $4 billion. The company serves the electric vehicle industry as well, offering a suite of specialty products. On July 28, the firm posted earnings for the second quarter, beating market expectations on earnings per share and revenue.

In March, investment advisory Citi maintained a Neutral rating on Allison Transmission Holdings, Inc. (NYSE: ALSN) stock but raised the price target to $46 from $44, underlining that strong demand would boost machinery stocks in the post-pandemic economy.

At the end of the first quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $498 million in Allison Transmission Holdings, Inc. (NYSE: ALSN), up from 25 in the previous quarter worth $609 million.

Tesla, Inc. (NASDAQ: TSLA), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), NIO Inc. (NYSE: NIO), and Freeport-McMoRan Inc. (NYSE: FCX) are some of the best EV materials stocks to buy, just like Allison Transmission Holdings, Inc. (NYSE: ALSN).

6. Albemarle Corporation (NYSE: ALB)

Number of Hedge Fund Holders: 31

Albemarle Corporation (NYSE: ALB) is a North Carolina-based firm that makes and sells specialty chemicals. It is placed sixth on our list of 10 best EV materials stocks to buy. The firm is one of the top producers of lithium compounds that are used in electric vehicle batteries. As the demand for EV batteries rises, the demand for lithium compounds has skyrocketed. The firm beat marker expectations on earnings per share in the second quarter. It has a market cap of $26 billion and posted $3 billion in revenue last year.

On August 6, investment advisory Deutsche Bank reiterated a Buy rating on Albemarle Corporation (NYSE: ALB) stock and raised the price target to $245 from $190, noting the strong earnings beat by the firm in the second quarter.

At the end of the first quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $262 million in Albemarle Corporation (NYSE: ALB), up from 21 the preceding quarter worth $126 million.

Click to continue reading and see 5 Best EV Materials Stocks to Buy.

Best Lithium and Phosphate Stocks to Buy Now

10. Lithium Americas Corp. (NYSE: LAC)

Number of Hedge Fund Holders: N/A

Lithium Americas Corp. (NYSE: LAC) is a Canadian resources company that primarily explores for lithium deposits. It is placed tenth on our list of 10 best lithium and phosphate stocks to buy now. In earnings results for the second quarter, posted on August 5, the firm reported earnings per share of -0.16, missing market estimates by $0.08. The cash and cash equivalents at the end of the first quarter were $505 million. On May 28, the share price of the firm jumped over 2% after it announced an expansion at a resource project in Argentina.

In March, investment advisory B Riley initiated coverage of Lithium Americas Corp. (NYSE: LAC) stock with a Buy rating and a price target of $25, noting that the firm was nearing completion of a lithium project and developing another long-term resource in the US.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Axel Capital Management is a leading shareholder in Lithium Americas Corp. (NYSE: LAC) with 830,000 shares worth more than $13 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO), Lithium Americas Corp. (NYSE: LAC) is one of the best lithium and phosphate stocks to buy now.

In its Q1 2021 investor letter, Massif Capital, an asset management firm, highlighted a few stocks and Lithium Americas Corp. (NYSE: LAC) was one of them. Here is what the fund said:

“Lithium Americas: The volatility noted above in LAC has resulted in solid returns via our options trades around our core equity position. At the current time, we are short calls on LAC, as we have done multiple times throughout the position’s life, expiring on May 21, 2021, at a $17.5 and $22.5 strike price. The volume of contracts sold at each strike corresponds to the size of the equity position we want should the calls expire in the money, and the underlying equity gets called away from us. The thought process behind this trade construction is that if we know the size of the position we want at a particular price point, there is no reason not to accumulate additional returns by pre-selling the stock we would have sold anyway.

High levels of volatility positively impact the price of options, increasing the premium we can earn from selling covered calls. To date, we have sold covered calls on LAC that have expired worthless four times, yielding a roughly 7% return on the equity position’s current value or 71bps for the portfolio overall. The outstanding covered calls appear to be trending towards a similar worthless expiration. If they do, the covered call trades on LAC will result in us owning the shares with committed capital of -$0.28 per share.

Although we believe in the fullness of time LAC warrants a $30+ valuation, the prices achieved in early January of this year were not justified by the underlying fundamentals. Some will argue we should have sold down our position. We had already established our option positions and believe LAC is an emerging major in the lithium mining industry. Thus, we decided to maintain the position unchanged. Although still relatively high, the current $15 per share valuation is not crazy compared to where we think the firm should be trading based on fundamentals, so we are no longer overly concerned with the position as is.

LAC management also took advantage of the volatility issuing stock on January 22 for $22 a share. The ~$400 million in proceeds will be used to develop Thacker Pass, the US-based clay lithium deposit, which will likely be the largest producing Lithium mine in America when turned on. In our opinion, the stock issuance could not have come at a better time. LAC management has advanced the project through various development stages (de-risking), but with the share issuance, they have significantly reduced the need to bring in an outside partner to develop the asset as the first phase of the project is expected to cost roughly $581 million. After-tax and at an 8% discount rate, the Thacker Pass project’s present value is approximately $2.6 billion (the firm’s current market capitalization is $1.5 billion). Although the share issuance was dilutive, increasing the total shares by 17%, we believe it will, in the long run, prove a forward-looking, value-additive decision by management.

The lithium market remains an area of interest and focus for us. This reflects our belief that the most exciting investment opportunities to capture secular trends in EV’s and batteries are found upstream in the mining industry. It is also a reflection that there is a greater diversity of lithium investment opportunities relative to other battery metals.”

9. Sociedad Química y Minera de Chile S.A. (NYSE: SQM)

Number of Hedge Fund Holders: 16

Sociedad Química y Minera de Chile S.A. (NYSE: SQM) is a Chilean firm that produces and distributes lithium derivatives. It is ranked ninth on our list of 10 best lithium and phosphate stocks to buy now. On July 16, the company announced that it had received approval from authorities in Australia to build a lithium hydroxide refinery. The project, once completed, would be capable of producing 50,000 metric tons of battery-grade lithium hydroxide. The production on the site is expected to commence by 2024.

On May 20, investment advisory Scotiabank upgraded Sociedad Química y Minera de Chile S.A. (NYSE: SQM) stock to Sector Perform from Underperform with a price target of $42. Ben Isaacson, an analyst at the firm, issued the ratings update.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Sociedad Química y Minera de Chile S.A. (NYSE: SQM) with 718,156 shares worth more than $38 million.

Alongside Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO), Sociedad Química y Minera de Chile S.A. (NYSE: SQM) is one of the best lithium and phosphate stocks to buy now.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Sociedad Química y Minera de Chile S.A. (NYSE: SQM) was one of them. Here is what the fund said:

“Among materials names in our structural bucket, we sold SQM as the stock hit our price target. Lithium prices remain at levels well below previous highs and while we expect they may reach higher levels in the future; high pricing likely encourages additional supply onto the market.”

8. Livent Corporation (NYSE: LTHM)

Number of Hedge Fund Holders: 22

Livent Corporation (NYSE: LTHM) is placed eighth on our list of 10 best lithium and phosphate stocks to buy now. The company is based in Pennsylvania. It makes and sells lithium compounds. The company posted earnings for the second quarter on August 5, reporting earnings per share of $0.04, beating market predictions by $0.02. The revenue over the period was $102 million, up 57% compared to the revenue over the same period last year and beating market estimates by $14.4 million.

In April, investment advisory Evercore upgraded Livent Corporation (NYSE: LTHM) stock to Outperform from In Line and raised the price target to $22 from $20, noting the positive developments in the lithium industry as a whole in terms of basic fundamentals.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Joho Capital is a leading shareholder in Livent Corporation (NYSE: LTHM) with 3.7 million shares worth more than $65 million.

In addition to Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO), Livent Corporation (NYSE: LTHM) is one of the best lithium and phosphate stocks to buy now.

7. Energizer Holdings, Inc. (NYSE: ENR)

Number of Hedge Fund Holders: 22

Energizer Holdings, Inc. (NYSE: ENR) is ranked seventh on our list of 10 best lithium and phosphate stocks to buy now. The company markets different types of batteries and is headquartered in Missouri. On May 10, the firm posted earnings for the second fiscal quarter, reporting earnings per share of $0.77, beating market estimates by $0.17. The revenue over the period was $685 million, up 16% compared to the revenue over the same period last year and beating market predictions by $59 million.

On May 11, investment advisory Morgan Stanley reiterated an Overweight rating on Energizer Holdings, Inc. (NYSE: ENR) stock and raised the price target to $56 from $54, noting the large earnings beat for the firm in the second fiscal quarter.

At the end of the first quarter of 2021, 22 hedge funds in the database of Insider Monkey held stakes worth $237 million in Energizer Holdings, Inc. (NYSE: ENR).

Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO) are some of the best lithium and phosphate stocks to buy now, just like Energizer Holdings, Inc. (NYSE: ENR).

6. QuantumScape Corporation (NYSE: QS)

Number of Hedge Fund Holders: 29

QuantumScape Corporation (NYSE: QS) is a California-based company that develops and sells solid-state lithium batteries that are used in electric vehicles. It is placed sixth on our list of 10 best lithium and phosphate stocks to buy now. The stock has been one of the most high-volume ones on the market in recent weeks. On August 2, the share price soared close to 3.5%, stretching year-to-date gains to 70%, in a high-volume trading day for the company. The firm also stands to gain as EV deliveries improve in the post-pandemic economy.

On July 21, investment advisory JPMorgan initiated coverage of QuantumScape Corporation (NYSE: QS) stock with a Neutral rating and a price target of $35, underlining that the firm would play a vital role in the development of solid-state batteries for the EV industry in the near future.

At the end of the first quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $534 million in QuantumScape Corporation (NYSE: QS).

Tesla, Inc. (NASDAQ: TSLA), Johnson Controls International plc (NYSE: JCI), and NIO Inc. (NYSE: NIO) are some of the best lithium and phosphate stocks to buy now, in addition to QuantumScape Corporation (NYSE: QS).

In its Q1 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and QuantumScape Corporation (NYSE: QS) was one of them. Here is what the fund said:

“QuantumScape Corporation is an early-stage developer of solid-state battery technology for electric vehicles aimed at improving key aspects of batteries, including safety, charging times, energy density, and cost. The company went public via a SPAC in November. After rapid appreciation, the stock came under pressure when the company raised additional capital to help accelerate its commercialization process. We exited our small position, as described below.

We sold QuantumScape Corporation, an early-stage solid-state electric vehicle battery innovator, because it was an undersized position with an ambitious valuation. We will continue to monitor QuantumScape’s developments and may revisit the company as an investment at a future point in time. “

Click to continue reading and see 5 Best Lithium and Phosphate Stocks to Buy Now.

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Disclosure. None. 10 Best Lithium and Phosphate Stocks to Buy Now is originally published on Insider Monkey.

NEW YORK, NY / ACCESSWIRE / August 9, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

360 DigiTech, Inc. (NASDAQ:QFIN)
Class Period: April 29, 2021 – July 7, 2021
Lead Plaintiff Deadline: September 13, 2021

Throughout the class period, 360 DigiTech, Inc. allegedly 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.

Learn about your recoverable losses in QFIN: https://www.kleinstocklaw.com/pslra-1/360-digitech-inc-loss-submission-form?id=18381&from=1

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

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

Learn about your recoverable losses in COIN: https://www.kleinstocklaw.com/pslra-1/coinbase-global-inc-loss-submission-form?id=18381&from=1

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

The complaint alleges that 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.

Learn about your recoverable losses in PLL: https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=18381&from=1

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

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

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

SOURCE: The Klein Law Firm

View source version on accesswire.com:
https://www.accesswire.com/659044/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-QFIN-COIN-and-PLL

Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – August 9, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" "PTM" or the "Company") reports that on August 5, 2021, South African President Cyril Ramaphosa appointed Mr. Enoch Godongwana as South Africa's Minister of Finance. As a result, Mr. Godongwana has resigned as a member of the Board of Directors of the Company so that he may focus his efforts as Minister of Finance.

The Board of Directors of Platinum Group wishes to thank Mr. Godongwana for his contribution to the Company and wish him well in his future endeavours, particularly as the newly appointed Minister of Finance.

Platinum Group CEO, Frank Hallam, commented, "Although Mr. Godongwana's tenure as a director was brief, his experience and guidance have been invaluable for the Company. We wish Mr. Godongwana continued success as he tackles new challenges as Minister of Finance."

Platinum Group and the Board of Directors are currently evaluating alternatives with respect to the possible appointment of a new independent director to fill the vacancy created with Mr. Godongwana's departure.

About Platinum Group Metals Ltd. and Waterberg Project

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd. ("Mnombo"), Japan Oil, Gas and Metals National Corporation and Hanwa Co. Ltd.

On behalf of the Board of
Platinum Group Metals Ltd.

Frank R. Hallam
Interim CEO and Director

For further information contact:
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

This press release may contain forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"), including, without limitation, statements regarding the possible appointment of a new independent director and the development of the Waterberg Project. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. The Company directs readers to the risk factors described in the Company's Form 20-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92458

The first Canadian gold rush—the Klondike–went down with picks and shovels and got individual miners some nice nuggets to take home.

On the other side of the country—the mother lode–could become the second gold rush … and this time it’s high-tech, high-grade, and high-volume.

A discovery last year in Quebec by Amex Exploration netted early-in investors up to 7,000% returns.

But we think this is just the beginning.

And this isn’t just a gold rush.

Gunning for a repeat of the Amex 2020 discovery that for some investors would be a once-in-a-lifetime thing … Starr Peak Mining Ltd. (TSX:STE.V; OTC:STRPF) is on track aiming for something even more than just gold.

The junior miner—with Amex’s founder on its advisory team and technical advisor for exploration—has struck an entire basket of precious and base metals on its maiden drill.

And then again on its second drill.

Now, after hitting high-grade gold, silver, copper, and zinc on its first two drills at the past-producing mine it acquired earlier this year, the company is fast-tracking expansion of its drilling program.

In May, it expanded drilling from 5,000 meters to 20,000 meters.

Now, it’s doubling even that—to 40,000 meters.

Why? Because this isn’t just gold. It’s a VMS deposit–a Volcanogenic Massive Sulphide deposit that represents a cornucopia of commodities, many of them soaring in demand and price.

Proving up a commercial deposit of minerals is exactly what the major miners are after.

It’s all setting up Starr Peak to increase chances of success.

There are 3 key reasons we think this is the metals play of the decade for investors:

#1 A VMS proven deposit can attract major miners like nothing else

A junior miner can net investors huge returns if they make a discovery of commercial size and grade, and when that junior miner discovers something that has been eluding the big players, it’s on everyone’s radar.

Even more so when it’s hitting drill hole targets with a 98% success rate.

What exactly has Starr Peak found?

Using the same top geological consulting firm (Laurentia Exploration) that Amex used for its discovery, Starr Peak launched drilling in January, and by March it had released its first surprise results, which were big enough to bring on a second drill rig. But less than two months later, in May, investors got another pleasant surprise: indications of a VMS deposit. That sent shares up over 136%.

The May results showed evidence of a possible VMS deposit with rock containing multiple base metals, including zinc, copper, silver, and gold.

With those results, Starr Peak (TSX:STE.V; OTC:STRPF) expanded drilling from 5,000 meters to 20,000 meters and brought on a third rig.

In July, Starr Peak drill results returned even higher-grade results:

Upper Zone (above 400m vertically)
Deep Zone (below 400m vertically)

Spurred on by July’s high-grade results, Starr Peak moved to double its drilling program from 20,000 meters to 40,000 meters.

Gold is great.

But VMS deposits are better. They can render a junior mining company valuable beyond gold. These deposits, once proven up, are so incredibly valuable because they have particularly long-term production potential due to what Mining.com refers to as “the formation of clusters of deposits or ore lenses in close proximity, and the polymetallic nature of the ore”.

And they are coveted because they are rarer discoveries …

Source: Mining.com

One of the most famous VMS deposits is the Kidd Mine in Australia, which has produced 9 million tons of zinc, over 3.4 million tons of copper, and 12,000 tons of silver since 1966.

And Quebec is one of the hottest spots to search for VMS deposits … even though their discovery has eluded the majors for decades.

Source: Mining.com

But Quebec—a province that spans 1.7 million km² of a wildly diverse collection of metals—is one of the world’s most tantalizing, untapped mining venues. Right now, only 1% of the province is being mined, and only 5% is covered by mining rights.

That puts Starr Peak right in the middle of VMS discovery sweet spot, with high-grade results already from its first two drills. The hopes are that it could blow even the original Amex discovery away.

#2 One of the Fastest-Moving Expansion Plays We’ve Seen

Since Q2 2019, Starr Peak (TSX:STE.V; OTC:STRPF) has been on a tear.

It started in June 2019, when the company acquired a priority land package (NewMétal) in northwestern Quebec, directly east of Amex Exploration Inc.’s Perron Property and proximal to the past-producing Normétal Mine. In that move, Starr Peak acquired 53 mineral claims covering 1,420 hectares in the Abitibi Greenstone Belt.

By the same time in 2020, Starr Peak expanded its NewMétal property by acquiring another 11 mineral claims over 468 hectares.

Right afterwards, it acquired the past-producing Normétal Mine, with 10 mineral claims over 391.53 hectares. That mine, which was exploited from 1929 to 1975, produced over 10 million tonnes of high-grade gold, silver, zinc and copper through that period.

And then, two more highly-prospective properties: Rousseau Gold Property (12 mineral claims covering 470.17 hectares) and Turgeon Lake Gold Property (2 mineral claims covering 112.91 hectares).

#3 Fully-Funded with a Superstar Team

Starr Peak reports it’s fully funded for drilling, with CAD$7.5 million in the bank as of July 22nd, 2021. It’s easy enough to follow the announcements of private placement money:

March 2020: closed first tranche of private placement for $450,000
May 2020: closed final tranche of PP for $555,000
August 2020: closed flow-through PP for $1,110,000
November 2020: closed flow-through PP for $2,650,000
June 2021: closed institutional flow-through PP for $3,756,000
July 2021: closed institutional flow-through PP for $2,310,000

The same expert behind the Amex discovery at the Perron Project is now involved with Starr Peak’s exploration. Dr. Jacques Trottier, PhD, founder and executive chairman of Amex Exploration is now Starr Peak’s Chief Technical Advisor. He’s an expert on VMS deposits, and he’s confident we’re looking at another significant find here.

Starr Peak’s (TSX:STE.V; OTC:STRPF) new VP of Exploration, Yves Rougerie, PGeo, is also a VMS expert, with a track record across North America.

And CEO and Director Johnathan More, also the chairman of Power Metals Corp., was savvy enough to spot the enormity of the Amex Exploration discovery in 2019 and swoop in to scoop up the adjacent property. He’s been on an expansion binge ever since. For the earliest investors it’s paying off in a very short time.

For Starr Peak, it’s just beginning. But the momentum of this VMS discovery is hoped to soar past the “early-in” days very quickly. No doubt, all the major miners are watching this one now because this kind of deposit, if proven to be commercial size, is where economies of scale are creating and cash cost profiles for companies are enhanced significantly. There’s nothing more attractive to some investors.

Gold Majors Are Making Big Moves

AngloGold Ashanti (NYSE:AU) 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.

AngloGold has been recording highly impressive bottom-line expansion. The miner’s performance has been underpinned by a record year at Geita as well as remarkable performances at the Kibali, Sunrise Dam, Iduapriem, Siguiri, and AGA Mineração operations.

Sociedad Química y Minera de Chile (NYSE:SQM) has seen its stock price nearly double from $30 in mid-February 2020 to its current price of $47.23. Sociedad Química y Minera, for example, 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.

While Freeport-McMoRan (NYSE:FCX) is primarily known for its significant copper mining operations, the resource giant also has a fair influx of gold as well. 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.

Though its business struggled as global demand for copper took a hit, panic-buying from China has lifted prices higher in recent months – and that’s good news for Freeport-McMoRan. In addition to climbing copper prices, gold prices hit record levels, which will add even more to the mining giant’s bottom line.

Kinross Gold Corp. (NYSE:KGC, TSX:K), one of the world’s largest gold producers, is constantly looking to expand its operations and has found success in many regions. The company mines for gold across six continents, with operations in Brazil, Ghana, Mauritania, Russia and the United States. It also operates a joint venture with AngloGold Ashanti Limited that provides mining services at two sites in West Africa—one of which was recently awarded an environmental permit from the government of Guinea.

Kinross Gold Corporation is a profitable company–consistently. It’s a safer bet, if not one that will deliver you stunning upside. This is for the more cautious gold investor.

Just like AngloGold, 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 another one of Toronto’s finest gold miners. Though not quite as established as Barrick or Newmont, Kirkland is no stranger to striking headline grabbing deals in the industry. In fact, just 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”

This alliance will provide Kirkland with cash flow to evaluate new alternatives for the future of the mining complex, dive deeper into its existing properties, and weigh other opportunities where the two gold companies may be able to find common ground in the future.

After years of anti-gold rhetoric, one of the world’s most famous billionaire investors, Warren Buffett, has finally changed his stance on precious metals. In an announcement last year, Berkshire Hathaway said it was buying half a billion dollars’ worth of Barrick Gold (NYSE:GOLD; TSX:ABX) shares at a time when gold nearing its all-time highs This change in attitude towards gold by Buffett could affect how many other investors view it as an investment opportunity. Buffett’s investment in Barrick and change in tune on the gold front shouldn’t come as much of a surprise, however. As the future of the economy looks more-and-more uncertain, and the Federal Reserve continues to print money at a record rate, solid gold miners like Barrick have drawn a lot of attention for investors, especially considering the healthy 0.96% dividend per share that comes with the purchase

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.

Newmont (NYSE:NEM, TSX:NGT) is a global mining company with operations in the United States, Australia, Peru and Ghana. They are one of the world's largest gold producers and they have been operating for over 100 years. Newmont has its headquarters in Greenwood Village, Colorado (a suburb of Denver) where it was founded in 1921 by William Boyce Thompson.

Following its acquisition of Goldcorp, Newmont became the single biggest gold company in the world, but that doesn’t mean it doesn’t still have some room to run. As far as management goes Newmont doesn't have any weak spots. Its board includes veteran mining executives like Bob McAdam of Barrick Gold Corp., Tom Albanese of Rio Tinto plc (NYSE:RIO), Joe Jimenez of Dow Chemical Company (DOW) and John Wiebe of Kinross Gold Corporation (KGC).

Yamana Gold (NYSE:AUY, TSX:YRI), one of the world's top gold companies, has seen its share price hit especially hard this year. Yamana had been on an upward trend since February when it announced that three mines were closing and more than 1 billion dollars would be cut from their budgets as part of ongoing austerity measures due to slumping prices for precious metals and weak demand for mining equipment across the industry.

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.

By. Tom Kool

**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.

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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.

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The lithium miner significantly raised its full-year 2021 guidance for both revenue and a key profitability metric.

RADNOR, Pa., Aug. 08, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) (“Piedmont”) on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the “Class Period”).

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

Piedmont engages in the exploration and development of resource projects. Piedmont primarily holds a 100% interest in a lithium project covering 2,322 acres in the North Carolina. On May 17, 2021, in connection with Piedmont’s redomiciliation from Australia to the United States, Piedmont’s American Depositary Share (“ADS”) holders received one share of Piedmont common stock for each ADS.

The Class Period commences on March 16, 2018, when Piedmont filed a Registration Statement on a Form 20-F. On June 14, 2018, Piedmont issued a press release entitled “PIEDMONT LITHIUM ANNOUNCES MAIDEN MINERAL RESOURCE” which stated, in part, its “strategy of building an integrated lithium processing business based on proven, conventional technologies and benefitting from the inherent advantages of Piedmont’s strategic North Carolina location, including; … [s]trong local government support.” Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina.

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

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

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

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

CONTACT:

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

New York, New York–(Newsfile Corp. – August 8, 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/92373

Radnor, Pennsylvania–(Newsfile Corp. – August 6, 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.

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.

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/92333

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Piedmont To Contact Him Directly To Discuss Their Options

New York, New York–(Newsfile Corp. – August 5, 2021) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ: PLL) and reminds investors of the September 21, 2021 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $50,000 investing in Piedmont stock or options between March 16, 2018 and July 19, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/PLL.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing 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.

Specifically, on July 20, 2021, before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which, among other things, reported various regulatory issues regarding the Company's prospective mining operations in North Carolina.

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

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Piedmont's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92245

LOS ANGELES, CA / ACCESSWIRE / August 6, 2021 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Piedmont Lithium Inc. ('Piedmont' or 'the Company') (NASDAQ:PLL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

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

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

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

Join the case to recover your losses.

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

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

CONTACT:

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

SOURCE: The Schall Law Firm

View source version on accesswire.com:
https://www.accesswire.com/658679/SHAREHOLDER-ACTION-NOTICE-The-Schall-Law-Firm-Reminds-Investors-of-a-Class-Action-Lawsuit-Against-Piedmont-Lithium-Inc-and-Encourages-Investors-with-Losses-in-Excess-of-100000-to-Contact-the-Firm

NEW YORK, August 06, 2021–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited ("Piedmont" or the "Company") (NASDAQ: PLL) securities from March 16, 2018 through July 19, 2021, inclusive (the "Class Period"). Investors have until September 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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

The lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have strong local government support; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210806005517/en/

Contacts

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

(Bloomberg) — Higher labor and supply costs will slow but not stop expansion in lithium mining, according to the chief of the world’s largest producer of the key ingredient in rechargeable batteries.

Labor tightness in Western Australia has caused a three-month delay at Albemarle Corp.’s Kemerton II expansion. The miner has to pay rates that more than double the level before the pandemic to retain workers there, while dealing with higher electricity prices in North America and Europe. Freight rates have also increased 30% to 40% globally.

Producers are starting to ramp up amid signs the market is recovering from a glut, with the lithium supply tightening and prices surging. Global demand is projected to rise as much as five fold as a shift to low-carbon energy sources fuels sales of electric vehicles. Meanwhile, Covid-triggered shortages in materials have driven up costs across industries, with U.S. inflation exceeding forecasts in the last four months.

“I don’t think they really stop capacity,” Kent Masters, Albemarle’s chief executive officer, said in an interview Thursday. “In the near term, they slow it down, especially if you plan to build plants in Western Australia.” Higher cost of shipping and power also won’t affect capacity, he added.

Masters expects the “extraordinary cost pressure” in labor, energy and freight to come back down after supply-chain issues are solved, possibly “in a year’s time post Covid.”

A global index of lithium prices has jumped more than 80% this year, rebounding from a decline that had started in mid-2018.

BloombergNEF expects the supply of lithium hydroxide, or battery-grade lithium, to be tight this year and prices to rise along with battery consumption. It also expects lithium demand to grow five-fold by 2030 from this year’s levels.

For Albemarle, Western Australia is a unique market where capital-intensive projects have been difficult to process. With Covid-related lockdowns, workers there are in even higher demand as mining companies can’t transfer people from other regions and they will have to offer higher wages to attract more workers.

“We’re fighting to keep the resources we have,” Masters said about retaining the workforce in the Australian state. “And we have to pay significant rates to keep those resources. That’s why the delay at Kemerton II.”

Shares of the Charlotte, North Carolina-based company rose 1.3% to $221.545 at 9:36 a.m. in New York trading.

More stories like this are available on bloomberg.com

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

By Ernest Scheyder

(Reuters) – A North Carolina county imposed a 60-day mining moratorium on Friday, giving officials time to rework local regulations before Piedmont Lithium Inc applies for a necessary zoning variance.

Commissioners in Gaston County, west of Charlotte, unanimously approved a resolution that says the company "cannot be trusted without adequate local controls to protect the health, safety and welfare" of citizens.

Piedmont representatives could not immediately be reached for comment. The company's shares fell 1.3% in after-hours trading.

If developed, the mine would become one of the largest U.S. sources of lithium for electric vehicle batteries. But officials have worried it could taint groundwater supplies and cause light and noise pollution, among other concerns.

Piedmont told an investment conference this week it expects state approval by mid-2022. County approval would be the next step.

Piedmont has said it intends to engage in blasting – common for open-pit mines – multiple times per day. That has fueled concerns the company could blast during overnight hours, potentially affecting roughly 500 homes near the mine site.

"It is abundantly clear that a mine of this size … was never anticipated in your development regulations," Tom Terrell, an attorney the county commissioners hired to advise them on the Piedmont project, said at the 15-minute Friday meeting.

Piedmont has heavily promoted its mine to Wall Street for years, including hiring Academy Award-winning actor Morgan Freeman to narrate a nearly 3-minute promotional video.

The company last autumn signed a deal to supply Tesla Inc with lithium sourced from North Carolina, sending its stock up tenfold, though the timeline to begin supply was pushed back indefinitely earlier this week.

Piedmont, though, only first approached county commissioners last month about its project. The delay has strained relations with the six-member board.

(Reporting by Ernest Scheyder; editing by Diane Craft and David Gregorio)

Los Angeles, California–(Newsfile Corp. – August 6, 2021) – The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Piedmont Lithium Inc. ("Piedmont" or "the Company") (NASDAQ: PLL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

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

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

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

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

Join the case to recover your losses.

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

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

CONTACT:

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

SOURCE:

The Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92340.

Investors interested in stocks from the Fertilizers sector have probably already heard of Mosaic (MOS) and SQM (SQM). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Both Mosaic and SQM have a Zacks Rank of # 2 (Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. However, value investors will care about much more than just this.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

MOS currently has a forward P/E ratio of 7.93, while SQM has a forward P/E of 39.05. We also note that MOS has a PEG ratio of 1.13. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. SQM currently has a PEG ratio of 1.20.

Another notable valuation metric for MOS is its P/B ratio of 1.11. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, SQM has a P/B of 5.94.

These are just a few of the metrics contributing to MOS's Value grade of A and SQM's Value grade of D.

Both MOS and SQM are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that MOS is the superior value option right now.

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

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MISSISSAUGA, Ontario, Aug. 06, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (“the Company” or “Canada Carbon” or “CCB”) (TSX-V:CCB), (FF:U7N1), wishes to revise the first sentence of its press release of August 3, 2021, in which it stated that CCB and GSLR were pleased to announce that they held a meeting on July 27, 2021 to begin a meaningful dialogue.

The sentence should have read, “Canada Carbon is pleased to announce that it had a meeting on July 27, 2021 with GSLR to begin a meaning dialogue.”

The remainder of the August 3, 2021 press release is unchanged.

For further information:

Olga Nikitovic	Valerie Pomerleau
Interim CEO	Director Public Affairs and Communications
Canada Carbon Inc.	Canada Carbon Inc.
info@canadacarbon.com	valerie@ryanap.com
	(819) 856-5678

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

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

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

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

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

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

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

Join the case to recover your losses.

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

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

CONTACT:

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

SOURCE:

The Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92182.

VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) is pleased to announce additional promising results on process development at its Tonopah Lithium Claims (“TLC”) Project located close to Tonopah, Nevada.

Highlights:

New leaching test work run by TECMMINE in Lima, Peru demonstrates an initial 95.1% lithium extraction using hydrochloric acid leach processing (“HCI”).
This HCI option also allows a large amount of the hydrochloric acid to be regenerated through pyrolysis and then reused, further lowering potential reagent and operational costs.
Metallurgical work on the TLC claystone mineralization has now demonstrated it is amenable to three ways of extracting lithium into solution.
- i) leaching with sulfuric acid (H₂SO₄) at 80°C (92% extraction)
- ii) salt roasting followed by water leaching (initial 82% extraction)
- iii) leaching with hydrochloric acid (HCl) at 90°C (initial 95% extraction)
This demonstrates exceptional flexibility to multiple process options which, coupled with the ability to pre concentrate / upgrade TLC claystones, positions the Project well.
Ongoing process work is focused on optimizing all processing options and flow-sheet designs to enable a robust Preliminary Economic Assessment (“PEA”) with economic benefits maximized and environmental impacts minimized

Dr. Laurence Stefan, COO of American Lithium, stated “American Lithium continues to explore all relevant processing options. These new results not only demonstrate the highest lithium extraction achieved to date, but further indicates that a variety of lithium extraction options are available to us for our TLC Claystones and positions us well to deliver a robust PEA late this year / early next year. All three processes offer us the ability to produce lithium carbonate. We will focus on optimizing the best approach from an economic and environmental perspective.”

American Lithium Provides TLC Process Update:

Process work has already demonstrated that the TLC claystones are amenable to rapid lithium extraction using warm sulfuric acid leaching, reaching 92% lithium extraction in 10 minutes. In addition, up to 82% lithium extraction has been achieved using salt roasting followed by water leaching (refer to previous news release, dated June 29, 2021). Recent test work run at TECMMINE generated 95.1% lithium extraction using HCI at temperatures of 90°C for 60-minutes.

Like sulfuric acid leaching, HCI leaching results in impurities in the resulting solution which then need to be removed, but in this case with the advantage of higher lithium extraction. Another advantage of hydrochloric acid leaching is the potential to rejuvenate acid through pyrolysis for reuse. This could ultimately materially reduce reagent use and the potential operating costs of a future lithium production operation at TLC.

Optimization test work will continue into Fall 2021 using all three potential process options: hydrochloric acid, sulfuric acid as well as salt roasting/water leaching. American Lithium is committed to producing a world class process to supply cost competitive lithium products in an environmentally sound manner.

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

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

Please watch our informative project update videos and related background information at https://www.americanlithiumcorp.com.

For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com. Follow us on Facebook, Twitter and LinkedIn.

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

“Simon Clarke”
CEO & Director
Tel: 604 428 6128

For further information, please contact:
American Lithium Corp.
Email: info@americanlithiumcorp.com
Website: www.americanlithiumcorp.com

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani Projects (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on January 19, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on January 29, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Cautionary Note Regarding Macusani Concessions Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and was successful in obtaining such an injunction on 17 of the concessions including three of the four concessions included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15 concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title, rights and validity of those 15 remaining concessions to Macusani, with the result being that all 32 concessions are now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the last stage of the judicial process. A final date for the last stage of the judicial process has not yet been set. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of the Processes, its title to the concessions could be revoked.

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Contact Information

Media Relations Ian Hamilton Tel: +1 (905) 399-6591 ihamilton@longviewcomms.ca	Investor Relations Greg Rieveley Tel: +1 (416) 367-1444 greg.rieveley@norontresources.com

Janice Mandel Tel: +1 (647) 300-3853 Janice.mandel@stringcom.com

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