Tech Metals Archives - Page 34 of 71

A few chemical companies are lined up to report their quarterly numbers tomorrow. An upswing in end-market demand from the coronavirus-induced downturn is likely to have aided the performance of chemical companies in the second quarter.

The chemical industry bore the brunt of demand shocks for much of the first half of last year as global industrial activities were put to a halt amid the pandemic. Containment measures by governments across the globe to stem the spread of infection paralyzed industrial activities and gutted demand for chemicals across the major end-use markets such as construction, automotive and electronics.

Notably, disruptions associated with the pandemic hurt chemical demand in China, a major consumer, as industrial activities in the country took a blow due to lockdown restrictions. Moreover, a slowdown in industrial and manufacturing activities due to lockdowns affected the demand for chemicals in North America and Europe.

However, the chemical industry has bounced back strongly from the virus-led slowdown on an uptick in demand in the key markets, a strong economic rebound in China and the reopening of the major economies around the world. Demand for chemicals started to pick up in the September quarter last year with a rebound in global economic activities. The upturn in demand is being driven by an upswing in manufacturing and industrial activities globally. The recovery gained further momentum during the first half of 2021.

A rebound in the major markets is likely to have spruced up demand for chemicals in the second quarter. Higher industrial demand is expected to have boosted sales volumes and the top line of chemical companies in the quarter.

However, chemical companies’ second-quarter results are expected to reflect some impact of raw material cost inflation as well as higher supply chain and logistics costs partly due to the lingering impacts from the devastating winter storm in the U.S. Gulf Coast. Extreme weather across Texas and Louisiana, and power outages disrupted the supply of feedstocks.

Nevertheless, the benefits of strategic measures, including cost management and productivity improvement, acquisitions, and actions to raise selling prices to counter cost inflation, might reflect on the second-quarter results of the companies in this space.

Per the Zacks industry classification, the chemical industry falls under the broader Basic Materials sector. Basic Materials is among those sectors that are expected to deliver positive earnings growth in the second quarter. Overall earnings for the sector are projected to rise 270.3% on 46.2% higher revenues, per the latest Earnings Trends. The projections reflect an improvement from an 80.4% rise in earnings on a 12.2% increase in revenues that was witnessed in the first quarter.

We take a look at four chemical companies that are gearing up to report their second-quarter results on Aug 3.

DuPont de Nemours, Inc. DD will report earnings numbers before the bell. Our proven model predicts an earnings beat for the company this time around. This is because it has an Earnings ESP of +3.81% and a Zacks Rank #3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The Zacks Consensus Estimate for revenues for the second quarter is currently pinned at $4,003 million, suggesting an expected year-over-year decline of 17.1%. The consensus estimate for earnings is 94 cents.

The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of around 13.6%, on average.

Benefits of cost-savings and productivity actions are expected to get reflected on DuPont’s results. The company is also expected to have benefited, in the second quarter, from strong demand in semiconductor technologies and smartphones. Higher demand in the water solutions, automotive and residential construction markets is also likely to have supported its performance. (Read more: DuPont Warms Up to Q2 Earnings: What's in the Offing?)

DuPont de Nemours, Inc. Price and EPS Surprise

DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote

FMC Corporation FMC will report results after the closing bell. Our proven model does not conclusively predict an earnings beat for the company. This is because it has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for FMC’s second-quarter sales is currently pegged at $1,228 million, which suggests a 6.3% rise year over year. The consensus estimate for earnings is $1.77.

The company beat the Zacks Consensus Estimate for earnings in each of the last four quarters. It has a trailing four-quarter earnings surprise of 4.4%, on average.

Healthy demand and new product launches are likely to have supported the company’s performance in the second quarter. However, the company’s results are likely to have been affected by higher supply-chain and input costs. (Read more: FMC Corp to Post Q2 Earnings: What's in the Cards?)

FMC Corporation Price and EPS Surprise

FMC Corporation price-eps-surprise | FMC Corporation Quote

Westlake Chemical Company WLK will report earnings numbers before the bell. Our proven model predicts an earnings beat for the company this time around. This is because it has an Earnings ESP of +1.50% and a Zacks Rank #1.

The Zacks Consensus Estimate for Westlake Chemical’s second-quarter revenues is currently pinned at $2,467 million, which indicates a 44.4% year-over-year increase. The consensus estimate for earnings is $3.80.

Westlake Chemical beat the Zacks Consensus Estimate for earnings in all the last four quarters. The company has a trailing-four quarter earnings surprise of 319.6%, on average.

The company’s earnings are likely to have benefited from higher demand for polyethylene, polyvinyl chloride resin and downstream building products on strong markets for the downstream uses of its products, including residential construction, packaging and healthcare. It is expected to have gained from higher demand in its polyethylene business in specialty applications, especially food packaging. (Read more: Westlake Chemical to Post Q2 Earnings: What's in Store?)

Westlake Chemical Corporation Price and EPS Surprise

Westlake Chemical Corporation price-eps-surprise | Westlake Chemical Corporation Quote

Quaker Chemical Corporation KWR will report results after the closing bell. Our proven model does not conclusively predict an earnings beat for the company. This is because it has an Earnings ESP of +0.22% and a Zacks Rank #4 (Sell).

The Zacks Consensus Estimate for second-quarter sales for Quaker Chemical is currently pegged at $391 million, which suggests a 36.7% rise year over year. The consensus estimate for earnings is $1.50.

The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 54.2%.

Benefits of cost-saving actions, contributions of acquisitions, healthy end-market demand and price increase initiatives are likely to reflect on its results. However, higher raw material prices are likely to have affected its second-quarter performance.

Quaker Chemical Corporation Price and EPS Surprise

Quaker Chemical Corporation price-eps-surprise | Quaker Chemical Corporation Quote

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Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – August 2, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") reports the receipt of notice that the Mining and Environmental Justice Community Network of South Africa, claiming to be a community networking body, together with a group of residents from certain communities located near planned surface infrastructure associated with the Waterberg Mine (the "Applicants"), intend to apply for an order (the "Application for Motion") in the High Court of South Africa (the "High Court") restraining Waterberg JV Resources (Pty) Limited ("Waterberg JV Co.") from carrying on mining related activities on portions of the farms Goedetrouw and Ketting pending the finalization of the Appeals and the Review (as defined below) and the grant of various regulatory authorizations.

A mining right for the Waterberg Project was granted by the South African Department of Mineral Resources and Energy ("DMRE") on January 28, 2021 and was notarially executed on April 13, 2021 (the "Waterberg Mining Right"). After the grant of the mining right the Company received notice of and reported several appeals by objecting groups to the decision by the DMRE granting the Waterberg Mining Right (the "Appeals"). The Company also received notice of an application for an order in the High Court to review and set aside the decision by the Minister of Environment, Forestry and Fisheries to dismiss an application for condonation for the late filing of an appeal against the environmental authorization granted for the Waterberg Mine on November 10, 2020 (the "Review").

The Company believes that all requirements specified under the MPRDA have been complied with and that the DMRE correctly granted the mining right and environmental authorization. Counsel acting for Waterberg JV Co. has filed formal rebuttals to each Appeal reported above, is opposing the Review, and will file answering papers to the Application for Motion. The Waterberg Mining Right currently remains in good standing.

The Company's near-term objectives are to continue working closely with established local community leadership to maximize the value of the Waterberg Project for all stakeholders and to complete construction funding and concentrate offtake arrangements for the Waterberg Project.

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"). 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. Forward-looking statements in this press release include, but are not limited to, future developments relating to the Appeals, the Review and the Application for Motion, the Company's objectives, and the development of the Waterberg Project. 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/91833

New York, New York–(Newsfile Corp. – August 2, 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.

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/91902

Albemarle Corporation ALB will release second-quarter 2021 results after the closing bell on Aug 4. The company is likely to have benefited from higher lithium volumes and prices and its cost-reduction actions in the quarter. However, its Catalysts unit is expected to have faced headwinds from the lingering impacts of the winter storm.

The company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 25%, on average. It posted an earnings surprise of 39.2% in the last reported quarter.

Albemarle’s shares are up 147.3% over a year compared with a 39.6% rise of the industry it belongs to.

Image Source: Zacks Investment Research

Let’s see how things are shaping up for this announcement.

What do the Estimates Say?

The Zacks Consensus Estimate for revenues for Albemarle for the to-be-reported quarter stands at $787 million, reflecting an increase of 3% from the year-ago quarter.

The Zacks Consensus Estimate for net sales for the Lithium unit stands at $305 million, indicating a 7.4% year-over-year rise. The same for the Bromine Specialties segment for the second quarter is pegged at $249 million, reflecting an 6.9% increase on a year-over-year basis.

Moreover, the Zacks Consensus Estimate for net sales for the Catalysts segment is pinned at $198 million, flat year over year.

Some Factors to Watch For

Albemarle is likely to have benefited from higher volumes in its lithium business in the second quarter on continued recovery in global economic activities. Healthy customer orders and plant productivity improvements are like to have supported volumes. An uptick in lithium prices amid tighter market conditions is also expected to have aided its performance.

Benefits of the company’s cost-saving initiatives are also expected to get reflected in the quarter to be reported. The company remains on track with its cost-saving program which is expected to deliver run rate savings of more than $120 million by the end of 2021. Its cost actions are expected to have supported margins in the second quarter.

The company’s Bromine Specialties unit is also expected to have benefited from strong demand across the portfolio as well as cost-saving and pricing initiatives in the to-be-reported quarter.

However, its Catalysts unit is likely to have faced headwind from weak fluid catalytic cracking (FCC) volumes resulting from the lingering impact of the winter storm Uri. Delays in FCC orders are expected to have affected volumes in the June quarter. Some impact of lost production volumes due to the winter storm are also expected to reflect in Bromine Specialties results. The company is also likely to have faced headwind raw material cost inflation in the second quarter.

Albemarle Corporation Price and EPS Surprise

Albemarle Corporation price-eps-surprise | Albemarle Corporation Quote

Zacks Model

Our proven model does not conclusively predict an earnings beat for Albemarle this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: Earnings ESP for Albemarle is -7.95%. The Zacks Consensus Estimate for earnings for the second quarter is currently pegged at 83 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Albemarle currently carries a Zacks Rank #3.

Stocks That Warrant a Look

Here are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:

Westlake Chemical Corporation WLK scheduled to release earnings on Aug 3, has an Earnings ESP of +1.50% and carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

DuPont de Nemours, Inc. DD, scheduled to release earnings on Aug 3, has an Earnings ESP of +3.81% and carries a Zacks Rank #3.

Olympic Steel, Inc. ZEUS, scheduled to release earnings on Aug 5, has an Earnings ESP of +31.84% and sports a Zacks Rank #1.

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Albemarle Corporation (ALB) : Free Stock Analysis Report

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(Bloomberg) — Commodities begin August near a decade-high, and there’ll be plenty this week to help investors judge what comes next. A sweep of major earnings, including numbers from Glencore Plc and BP Plc, as well as the United Nations’ latest take on global food costs will deliver key clues across the whole stable of raw materials just as the pandemic threat flares anew.

The earnings cycle also brings numbers from the world’s top lithium producer, Albemarle Corp., and a clutch of Japan’s storied commodities giants. Drilling down, market moves to watch include what’s next for copper as strike risks intensify at the world’s biggest mine, Europe’s gas crunch and wheat’s surge.

The earnings presentation from mining-to-trading behemoth Glencore on Thursday will draw additional attention as the first for new CEO Gary Nagle after Ivan Glasenberg moved on. Investors will want his take on markets through the second-half, with Covid-19’s delta variant and economic headwinds in China posing risks.

Money, Money, Money

Global commodity corporates have unveiled stellar profits and shoveled cash to shareholders so far this earnings season, and that theme will go on dominating proceedings this week. BP, which reports on Tuesday, offered a modest $500 million buyback program last quarter, and may now want to woo investors more powerfully, just like peer Royal Dutch Shell Plc did last week. More is expected on BP’s plans to return 60% of surplus cash to shareholders, possibly including a dividend upgrade, according to Bloomberg Intelligence.

For Glencore, it will be the first earnings outing for the new chief executive officer, Gary Nagle. He entered at the best of times, especially for the firm’s metals book (more on those markets follows below). The group’s trading unit will hit the top end of its guidance for this year, which was $3.2 billion, the firm said on Friday, ahead of this week’s grand reveal.

Metals Mania

Metals markets are displaying renewed vigor, with the catch-all LMEX Index pushing back toward the decade-high seen in May. This week carries the potential for further gains, with particular focus likely to fall on nickel, aluminum and copper. With stockpiles drawing, nickel — which boasts uses in old-economy stainless steel as well as new-economy batteries — is on the cusp of topping $20,000 a ton, and may go on to hit the highest since 2014.

Similarly, aluminum is in a sweet spot as solid demand has driven the cash-three month spread to the biggest backwardation since 2019. Traders are looking for the next move after prices exceeded $2,600 a ton. And copper may retake $10,000 a ton amid the risk of a strike at Escondida in Chile. At the vast pit, workers voted in favor of a strike, overwhelmingly rejecting owner BHP Group’s final wage offer. Labor rules give either side the option of mediation before a strike could begin.

Feed Us All

An additional 291 million people worldwide will go hungry this year, the U.S. government warned last week. That’s just the latest in a string of bleak takes on the food chain as the impact of pandemic and economic distress combine with weather-driven price spikes to elevate costs. This week’s authoritative food-price index report from United Nations will verify whether the rampant rally in food inflation is due for a pullback, or is hitting new highs.

The index — which tracks a broad basket of commodity staples including vegetable oils, meat and grains — retreated in June after a blistering year-long rally. Some agricultural markets have steadied as Northern Hemisphere harvests approach and the pace of China’s demand remains in focus. However, food costs are still well above 2020, and good weather in coming weeks will be critical for big crops to bear out and bring prices lower.

Fuel for Thought

An extraordinary, globe-spanning supply crunch in natural gas has fueled eye-watering price rallies from the Netherlands to China, and investors are primed to see whether the gains are extended. European gas prices climbed to a record on signs that flows via a key Russian pipeline have declined, taking traders by surprise. The amount of gas entering Germany at the Mallnow compressor station has suddenly dropped, signaling Russia is flowing less through the Yamal-Europe link via Belarus and Poland. Meanwhile, Asian liquefied natural gas prices are nearing a seasonal high as importers compete for supply amid the hotter summer weather.

The broad-based advances may encourage utilities in Europe and Asia to switch to dirtier-burning coal, even though that fuel is also near a record. Some generators, which had been delaying LNG spot procurement in the hope prices would fall, must now bite the bullet and buy the fuel at sky-high rates. In China, futures for thermal coal fell from near-record levels as the government pledged to boost supply.

All Charged Up

Albemarle, the world’s largest lithium miner, kicks off earnings on Wednesday for producers of the metal that’s key to powering rechargeable batteries. Investors are looking for insight on how these companies are positioning themselves amid signs that big mining companies are taking a greater interest in battery metals. Livent Corp.’s results are expected on Thursday, while SQM, the second-largest producer, reports later in the month

The procession of earnings will come as the industry faces much greater scrutiny over the green credentials of its mining processes. Albemarle and SQM are ramping up output in Chile’s Atacama in response to a projected tripling of global demand as copper mines, communities and tourism also compete for water. In the meantime, surging lithium prices are giving producers a boost, and traders are looking for more clues on the durability of the rally.

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NEW YORK, Aug. 01, 2021 (GLOBE NEWSWIRE) — 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.

NEW YORK, NY / ACCESSWIRE / July 30, 2021 / Pomerantz LLP is investigating claims on behalf of investors of Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ:PLL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Piedmont and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

In 2020, Piedmont signed a deal to supply Tesla Inc. with lithium sourced from its deposits in North Carolina. Then, on July 20, 2021, 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." Reuters further reported that "[f]ive of the seven members of the county's board of commissioners, who control zoning changes, say they may block or delay the project 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, Piedmont's stock price fell $12.56 per share, or 19.91%, to close at $50.52 per share on July 20, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

View source version on accesswire.com:
https://www.accesswire.com/657892/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Piedmont-Lithium-Inc–PLL

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. – July 30, 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.

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.

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/91766

RADNOR, Pa., July 31, 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”).

Lead Plaintiff Deadline: September 21, 2021

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

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

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

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

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

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

CONTACT:

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

(Bloomberg) — Just over five years ago Anglo American Plc was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers. Amid talk of an emergency capital raise, its market value fell to less than $3 billion.

This week, the trials of 2016 probably seemed like a parallel universe to its Chief Executive Officer Mark Cutifani. Fueled by a rally in iron ore and other commodity prices, he announced record first-half earnings and billions in dividends. Anyone who took a punt on Anglo’s shares when they reached their nadir, would have seen a 14-fold increase as the market capititalization soared to $55 billion.

“High commodity prices have been very important to us,” Cutifani told investors earlier this week. “We don’t think this is as good as it gets.”

Anglo American is one of many: with raw materials prices surging, the whole natural resources sector is showering shareholders with special dividends and buybacks as miners, oil drillers, trading houses, steelmakers and farmers reap billions in windfall profits. The sector, marked down by investors because of its contribution to climate change and a reputation of squandering money on mega-projects, is again a great cash-machine.

The economic rebound from last year’s Covid slump has powered an explosive rally in commodity prices as consumers forgo vacations and dining out and spend their money loading up on physical goods instead: everything from patio heaters to start-of-the art TVs. Politicians are helping, too, lavishing hundreds of billions on resource-heavy infrastructure projects.

The Bloomberg Commodity Spot Index, a basket of nearly two dozen raw materials, surged to a 10-year high this week and is rapidly closing in on the record set in 2011. Brent crude, the global oil benchmark, has again surged above $75 a barrel, copper is headed back toward $10,000 a ton, European natural gas is at its highest ever for the summer season, and steel is changing hands at unprecedented levels. Agricultural commodities such as corn, soybeans and wheat are also expensive.

“Demand continues to improve with increasing global vaccinations,” Joe Gorder, the chief executive of Valero Energy Corp., one of the world’s largest oil refiners, said earlier this week.

Even commodities long left for dead, like thermal coal, are enjoying a new life in 2021. Coal, burned in power stations to produce electricity, together with huge volumes of carbon emissions, is trading at a 10-year high.

While commodities prices are the main reason behind the turnaround, there are structural factors at play as well. Miners and oil companies have cut spending in new projects savagely, creating a supply shortfall. The miners were first, as they curbed investment from 2015-16 as investors demanded more discipline; oil companies followed up last year and some major energy companies this week announced further cuts in spending for 2021. The result is that while demand is surging, supply isn’t — at least for now. The oil majors are benefiting too from the work of the OPEC+ alliance of oil producers, which is still holding back a large share of output.

Anglo American, which announced $4 billion in dividends, is probably the most remarkable turnaround story in the natural resources sector, but its profits were still dwarfed by its bigger rivals. Rio Tinto Group and Vale SA, the world’s two leading iron ore miners, together vowed to hand back more than $17 billion in dividends last week. There’s still more to come for investors, with both BHP Group, the world’s biggest miner, and Glencore Plc, another big miner and commodity trader, yet to report.

And for once, the world’s biggest steelmakers were not only able to absorb the costs, but pass them on. An industry that has spent much of the last decade in crisis is now also able to reward long suffering shareholders. The world’s largest steel maker outside China, ArcelorMittal SA, that was forced to sell shares and scrap its dividend just five years ago, posted its best results since 2008 this week and announced a $2.2 billion share buyback program.

The miners have stolen the spotlight from the energy industry, traditionally the biggest dividend payer in the natural resources industry.

Still, Big Oil recovered from the historic price collapse of 2020, when a vicious Saudi-Russian price war and the Covid-19 pandemic briefly sent the value of West Texas Intermediate, the U.S. oil benchmark, below zero. Supported by rising oil, natural gas, and, above all, the chemicals that go into plastics, Exxon Mobil Corp., Chevron Corp., Royal Dutch Shell Plc, and TotalEnergies SE delivered profits that went to pre-covid levels. BP Plc, the smallest of the top five oil majors, will report results next week.

With cash flow surging, Shell, which last year cut its dividend for the first time since the Second World War, was able to hike it nearly 40%, and announced an additional $2 billion in buybacks.“We wanted to signal to the market the confidence that we have in cash flows,” Shell CEO Ben van Beurden said. Chevron and Total also announced they will buy shares. Exxon, though, is still licking its wounds and focused on paying down debt.

The more opaque world of commodity trading has also cashed in. Glencore said this week that it was expecting bigger trading profits than forecast, with rivals Vitol Group and Trafigura Group, two of the world’s largest oil traders, also benefiting from lucrative opportunities created by rocketing prices.

The agricultural traders have cashed on higher prices and unusually strong demand from China. Bunge Ltd., a trader that’s the world’s largest crusher of soybeans, told investors it expected to deliver its best earnings-per-share since its initial public offer two decades ago. Archer-Daniels-Midland Co., another big American grain trader and processor, also flagged strong earnings. And Cargill Inc., the world’s largest agricultural trader, is heading toward record earnings in its 2021 fiscal year.

Whether the natural resources boom can last is hotly contested. Many investors worry climate change makes the long-term future of the industry hard to read and they also fret about the tendency of executives to approve expensive projects at the peak of the cycle. Mining executives fear Chinese demand will slow down at some point, hitting iron ore in particular. But the current lack of investments may support other commodities, like copper and oil.

But Shell’s Van Beurden summed up the bullish case earlier this week: “Supply is going to be constrained and demand is actually quite strong”.

More stories like this are available on bloomberg.com

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

NEW YORK, July 31, 2021 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL, PLLL) between March 16, 2018 and July 19, 2021, inclusive (the “Class Period”), of the important September 21, 2021 lead plaintiff deadline.

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

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

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

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

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

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

——————————-

Contact Information:

LOS ANGELES, CA / ACCESSWIRE / July 30, 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/657806/SHAREHOLDER-ACTION-ALERT-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

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. – July 29, 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.

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.

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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91658

New York, New York–(Newsfile Corp. – July 30, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Piedmont Lithium Inc. ("Piedmont") (NASDAQ: PLL) between March 16, 2018 and July 19, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of New York. To get more information go to:

https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18125&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Piedmont Lithium Inc. NEWS – PLL NEWS

CASE DETAILS: According to the filed complaint: (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.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Piedmont, you have until September 21, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Piedmont securities between March 16, 2018 and July 19, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18125&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm's Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services' ("ISS") SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs' securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91754

In the latest trading session, Lithium Americas Corp. (LAC) closed at $14.61, marking a -0.81% move from the previous day. This change lagged the S&P 500's 0.54% loss on the day.

Prior to today's trading, shares of the metals and mining company had lost 0.2% over the past month. This has lagged the Basic Materials sector's gain of 6.75% and the S&P 500's gain of 3.05% in that time.

LAC will be looking to display strength as it nears its next earnings release. On that day, LAC is projected to report earnings of -$0.10 per share, which would represent a year-over-year decline of 66.67%.

It is also important to note the recent changes to analyst estimates for LAC. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. LAC is currently a Zacks Rank #3 (Hold).

The Chemical – Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Lithium Americas Corp. (LAC) : Free Stock Analysis Report

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New York, New York–(Newsfile Corp. – July 30, 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.

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

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

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

——————————-

Contact Information:

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91726.

Let's talk about the popular FMC Corporation (NYSE:FMC). The company's shares received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$122 at one point, and dropping to the lows of US$103. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether FMC's current trading price of US$107 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at FMC’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

View our latest analysis for FMC

Is FMC still cheap?

Great news for investors – FMC is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is $166.56, but it is currently trading at US$107 on the share market, meaning that there is still an opportunity to buy now. What’s more interesting is that, FMC’s share price is theoretically quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. This is because the stock is less volatile than the wider market given its low beta.

What kind of growth will FMC generate?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 91% over the next couple of years, the future seems bright for FMC. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What this means for you:

Are you a shareholder? Since FMC is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on FMC for a while, now might be the time to make a leap. Its buoyant future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy FMC. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision.

Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. When we did our research, we found 2 warning signs for FMC (1 is a bit concerning!) that we believe deserve your full attention.

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

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

Albemarle (ALB) shares ended the last trading session 4.3% higher at $202.82. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 15.5% gain over the past four weeks.

Optimism over favorable trends in the lithium business and strength in the bromine unit are driving the stock higher. The company is benefiting from an uptick in lithium prices and higher volumes. Its bromine business is also gaining from higher demand on continued recovery in global economic activities, a rebound in certain end markets and cost-saving actions.

This specialty chemicals company is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of -3.5%. Revenues are expected to be $787.08 million, up 3% from the year-ago quarter.

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

For Albemarle, the consensus EPS estimate for the quarter has been revised 2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on ALB going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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Albemarle Corporation (ALB) : Free Stock Analysis Report

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Zacks Investment Research

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

THUNDER BAY, ON / ACCESSWIRE / July 30, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic"), is pleased to announce the closing of its previously announced non-brokered private placement offering (the "Private Placement") for aggregate gross proceeds of $1,450,000 in units of the Company (the "Units") at a price of $0.50 per Unit. Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, subscribed for the entirety of the Private Placement.

Each Unit shall be comprised of one common share of the Company (a "Common Share") and one common share purchase warrant of the Company (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common (a "Warrant Share") at an exercise price equal to $0.75 at any time up to 36 months from closing of the Private Placement.

The Company intends to use the gross proceeds from the sale of Units for drilling and exploration on the Golden Promise Gold Properties, located in the central Newfoundland gold belt and general working capital.

The Common Shares and the Warrant Shares to be issued under the Offering have a hold period of four months and one day from closing of the Offering, November 28, 2021.

Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 2,900,000 units under the offering for approximate consideration of $1,450,000. Subsequent to the closing of the offering, Mr. Sprott beneficially owns or controls 4,900,000 common shares of the Company and 4,900,000 warrants, representing approximately 19.9% of the issued and outstanding common shares of the company on a non-diluted basis and approximately 33.2% of the issued and outstanding common shares of the company on a partially diluted basis assuming exercise of all the warrants owned and controlled, including warrants acquired hereunder and forming part of the units. Prior to the offering, Mr. Sprott beneficially owned or controlled 2,000,000 common shares and 2,000,000 warrants of the Company.

The units were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Great Atlantic Resources, including on the open market or through private acquisitions, or sell securities of the company, including on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time.

A copy of Mr. Sprott's early warning report will appear on Great Atlantic's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (200 Bay St., Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).

In connection with the Private Placement, the Company paid a finder's fee in cash and finder's warrants in accordance with the policies of the TSX Venture Exchange.

On Behalf of the board of directors

"Christopher R Anderson"
Mr. Christopher R. Anderson
"Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

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

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

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

Great Atlantic Resource Corp.

888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/657842/Great-Atlantic-Announces-Closing-of-145-Million-Private-Placement-by-Mr-Eric-Sprott

In this article we will check out the progression of hedge fund sentiment towards Sociedad Quimica y Minera (NYSE:SQM) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Sociedad Quimica y Minera (NYSE:SQM) investors should be aware of an increase in enthusiasm from smart money recently. Sociedad Quimica y Minera (NYSE:SQM) was in 16 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 20. There were 14 hedge funds in our database with SQM positions at the end of the fourth quarter. Our calculations also showed that SQM isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Anna Nikolayevsky of Axel Capital

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, pet market is growing at a 7% annual rate and is expected to reach $110 billion in 2021. So, we are checking out the 5 best stocks for animal lovers. We go through lists like the 15 best Jim Cramer stocks to identify the next Tesla that will deliver outsized returns. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to take a gander at the latest hedge fund action surrounding Sociedad Quimica y Minera (NYSE:SQM).

Do Hedge Funds Think SQM Is A Good Stock To Buy Now?

At first quarter's end, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, a change of 14% from the fourth quarter of 2020. Below, you can check out the change in hedge fund sentiment towards SQM over the last 23 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in Sociedad Quimica y Minera (NYSE:SQM). Citadel Investment Group has a $38.1 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second most bullish fund manager is Paul Marshall and Ian Wace of Marshall Wace LLP, with a $17.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other members of the smart money that hold long positions include Anna Nikolayevsky's Axel Capital Management, MacKenzie B. Davis and Kenneth L. Settles Jr's SailingStone Capital Partners and Renaissance Technologies. In terms of the portfolio weights assigned to each position Axel Capital Management allocated the biggest weight to Sociedad Quimica y Minera (NYSE:SQM), around 6.87% of its 13F portfolio. SailingStone Capital Partners is also relatively very bullish on the stock, dishing out 3.24 percent of its 13F equity portfolio to SQM.

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Renaissance Technologies, created the biggest position in Sociedad Quimica y Minera (NYSE:SQM). Renaissance Technologies had $12.4 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson's Adage Capital Management also initiated a $10.6 million position during the quarter. The other funds with new positions in the stock are Michael Cowley's Sandbar Asset Management, Paul Marshall and Ian Wace's Marshall Wace LLP, and Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors.

Let's now review hedge fund activity in other stocks similar to Sociedad Quimica y Minera (NYSE:SQM). We will take a look at Howmet Aerospace Inc. (NYSE:HWM), Elanco Animal Health Incorporated (NYSE:ELAN), Pool Corporation (NASDAQ:POOL), PulteGroup, Inc. (NYSE:PHM), The J.M. Smucker Company (NYSE:SJM), Whirlpool Corporation (NYSE:WHR), and Tata Motors Limited (NYSE:TTM). This group of stocks' market valuations resemble SQM's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position HWM,51,3959776,2 ELAN,42,1710158,-1 POOL,41,1014649,8 PHM,42,1050252,2 SJM,33,689844,-1 WHR,28,1255044,-4 TTM,8,67734,1 Average,35,1392494,1 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 35 hedge funds with bullish positions and the average amount invested in these stocks was $1392 million. That figure was $142 million in SQM's case. Howmet Aerospace Inc. (NYSE:HWM) is the most popular stock in this table. On the other hand Tata Motors Limited (NYSE:TTM) is the least popular one with only 8 bullish hedge fund positions. Sociedad Quimica y Minera (NYSE:SQM) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for SQM is 40.3. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 28.5% in 2021 through July 23rd and surpassed the market again by 10.1 percentage points. Unfortunately SQM wasn't nearly as popular as these 5 stocks (hedge fund sentiment was quite bearish); SQM investors were disappointed as the stock returned -10.3% since the end of March (through 7/23) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2021.

Get real-time email alerts: Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)

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

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By Ernest Scheyder

(Reuters) – Two Native American tribes have formally asked a U.S. federal court to prevent Lithium Americas Corp from excavating its Thacker Pass lithium mine site in Nevada, which they say contains their ancestors' bones and should not be disturbed.

The Reno-Sparks Indian Colony and Atsa koodakuh wyh Nuwu/People of Red Mountain filed their preliminary injunction request late Thursday, a filing that had been expected. The tribes say federal regulators did not adequately consult with them before approving the project in January.

The project would become one of the largest U.S. producers of the electric vehicle battery metal. First, though, Lithium Americas needs to conduct archaeological digging at the site in order to catalog historical artifacts. It has not yet obtained necessary permits from federal officials to do so.

The tribes' injunction request essentially asks the court to prevent that archaeological digging even if the company obtains those permits.

"The excavators and shovels could harm the very human remains the archaeologists would be looking for," the tribes said in the filing.

Chief Judge Miranda Du of the U.S. District Court for Nevada asked for responses from Lithium Americas and the U.S. Bureau of Land Management – which manages the federal land atop the lithium deposit – by August 12.

Vancouver-based Lithium Americas and the BLM declined to comment on the filing.

Du denied a similar injunction request last week from environmentalists who argued the project could harm wildlife. Earlier this week, though, the judge allowed the tribes to join the lawsuit to argue their concerns the project could harm historical sites.

Beyond the injunction requests, Du is considering whether former President Donald Trump's administration erred when it approved the entire project in January. That ruling is expected by early 2022.

(Reporting by Ernest Scheyder; Editing by David Gregorio)

NEW YORK, July 28, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ: PLL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Piedmont and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On this news, Piedmont's stock price fell $12.56 per share, or 19.91%, to close at $50.52 per share on July 20, 2021.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

Cision

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SOURCE Pomerantz LLP

New York, New York–(Newsfile Corp. – July 29, 2021) – The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Piedmont Lithium Inc. (NASDAQ: PLL) alleging that the Company violated federal securities laws.

Class Period: March 16, 2018 and July 19, 2021
Lead Plaintiff Deadline: September 21, 2021
No obligation or cost to you.

Learn more about your recoverable losses in PLL:
https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=18093&from=5

Piedmont Lithium Inc. NEWS – PLL NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that 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.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Piedmont you have until September 21, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Piedmont securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the PLL lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91612

New York, New York–(Newsfile Corp. – July 29, 2021) – The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased Piedmont Lithium Inc. ("Piedmont") (NASDAQ: PLL) between March 16, 2018 and July 19, 2021.

If you suffered a loss, contact us at the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18102&wire=5

Allegations against PLL include that the Company 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.

If you suffered a loss in Piedmont you have until September 21, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Vincent Wong, Esq. is an experienced attorney that 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91637

LOS ANGELES, July 29, 2021–(BUSINESS WIRE)–Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming September 21, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited ("Piedmont" or the "Company") (NASDAQ: PLL ,PLLL) securities between March 16, 2018 and July 19, 2021 inclusive (the "Class Period").

If you suffered a loss on your Piedmont investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/piedmont-lithium-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

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 fell $12.56, or nearly 20%, to close at $50.52 per share on July 20, 2021, thereby injuring investors.

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

If you purchased or otherwise acquired Piedmont securities during the Class Period, you may move the Court no later than September 21, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005260/en/

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX), Rocket Companies, Inc. (NYSE: RKT), 360 DigiTech, Inc. (NASDAQ: QFIN), and Piedmont Lithium Inc. (NASDAQ: PLL). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX)

Class Period: March 17, 2020 to February 12, 2021

Lead Plaintiff Deadline: August 9, 2021

AcelRx is a specialty pharmaceutical company that focuses on the development and commercialization of therapies for the treatment of acute pain. The Company's lead product candidate is DSUVIA, a 30 mcg sufentanil sublingual tablet for the treatment of moderate-to-severe acute pain.

On November 2, 2018, AcelRx announced that the U.S. Food and Drug Administration (“FDA”) had approved DSUVIA for the management of acute pain in adults that is severe enough to require an opioid analgesic in certified medically supervised healthcare settings, such as hospitals, surgical centers, and emergency departments.

On February 16, 2021, AcelRx disclosed that, on February 11, 2021, the Company received a warning letter from the FDA concerning promotional claims for DSUVIA. Specifically, having “reviewed an ‘SDS Banner Ad’ (banner) (PM-US-DSV-0018) and a tabletop display (PM-US-DSV-0049) (display),” the FDA concluded that "[t]he promotional communications, the banner and display, make false or misleading claims and representations about the risks and efficacy of DSUVIA,” and “[t]hus . . . misbrand Dsuvia within the meaning of the Federal Food, Drug and Cosmetic Act (FD&C Act) and make its distribution violative.” The warning letter “request[ed] that AcelRx cease any violations of the FD&C Act” and "submit a written response to th[e] letter within 15 days from the date of receipt."

On this news, AcelRx’s stock price fell $0.21 per share, or 8.37%, to close at $2.30 per share on February 16, 2021.

The complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) AcelRx had deficient disclosure controls and procedures with respect to its marketing of DSUVIA; (ii) as a result, AcelRx had been making false or misleading claims and representations about the risks and efficacy of DSUVIA in certain advertisements and displays; (iii) the foregoing conduct subjected the Company to increased regulatory scrutiny and enforcement; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

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

Rocket Companies, Inc. (NYSE: RKT)

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

Lead Plaintiff Deadline: August 30, 2021

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

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

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

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

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

360 DigiTech, Inc. (NASDAQ: QFIN)

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

Lead Plaintiff Deadline: September 13, 2021

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

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

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

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

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

Piedmont Lithium Inc. (NASDAQ: PLL)

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

Lead Plaintiff Deadline: September 21, 2021

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

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

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

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

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

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

Central Newfoundland

VANCOUVER, BC / ACCESSWIRE / July 29, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce the addition of Dr Karsten Eden to the technical team, as an exclusive strategic advisor for the purpose of target generation related specifically to the Golden Promise Gold Project In Newfoundland.

"We look forward to working with Dr. Eden as we continue to advance and expand through drilling our current high grade Gold resource, while encompassing the multiple new gold discoveries we have identified with in our land package. Our aspirations are to become a world class deposit similar to our neighbour Marathon Resources MOZ.v located a few kilometers away," states Chris Anderson, CEO Great Atlantic Resources.

About Dr. Karsten Eden

Dr. Karsten Eden has over 25 years diverse international experience in the management of exploration and mine development projects in North America, West Africa, Western Australia, Scandinavia, and Europe. He has a successful track record in exploration targeting and extensive experience in complex exploration data analysis, mineral potential modeling, resource modeling and mineral economics. He holds a doctorate degree in exploration geology from the University of Technology Aachen, Germany and is a Certified Professional Geologist through the American Institute of Professional Geologists and the European Federation of Geologists.

Dr. Eden has held senior management, Chief Geologist, and VP Exploration positions with junior exploration companies as well as with government agencies. He was instrumental in numerous mineral discoveries, including gold, platinum group metals, antimony and industrial heavy minerals.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson

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

President CEO Director

Investor Relations:

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

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

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/657514/Great-Atlantic-Welcomes-Dr-Karsten-Eden-Strategic-Advisor-Target-Generation-Golden-Promise-Gold-Project

(Bloomberg) — Anglo American Plc still wants full control of some of its most profitable units, but said it will wait for the right time.

While joint ventures in mining are common, Anglo’s position is more unique in that it’s the majority shareholder in two public South African companies that are also among its best earners.

Anglo owns 79% of Anglo American Platinum Ltd., which reported record first-half profits this week. It also controls Kumba Iron Ore Ltd.. Both companies are listed in Johannesburg.

There has long been speculation that Anglo could look look to take complete control of the businesses. The company’s Chief Executive Officer, Mark Cutifani, said Wednesday the company should remain patient.

“We always look at those sort of minorities,” he said on call with investors and analysts. “If I said those sorts of things remained important opportunities for us, then the answer is yes. It has to be done in the right way, it has to be done at the right time.”

Anglo earlier reported its highest ever interim profit and said it will spend $4.1 billion on dividends and share buybacks as the century-old miner joined its peers in cashing in on surging commodity prices.

More stories like this are available on bloomberg.com

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Captain Morgan bottles of rum — Captain Morgan owner Diageo is among the group of companies who have announced bumper payouts to investors. Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

London-listed companies announced a slew of buybacks and dividends on Thursday, as management teams begin to pass on gains made from the global bounce back from COVID-19.

Interim results season begins in the UK this week and most companies have so far reported strong results, buoyed by the reopening of economies around the world as the COVID-19 pandemic begins to come under control. Firms are now rewarding shareholders for their faith during what was an exceptionally difficult 2020.

FTSE firms announced investor payouts worth more than £7bn on Thursday alone. Notable capital returns include:

$4.1bn (£2.9bn) in dividends and buybacks at Anglo American (AAL.L);
a $2bn (£1.4bn) share buyback plan at Shell (RDSB.L);
a £1bn interim dividend at Diageo (DGE.L);
a $1bn (£720m) interim dividend at AstraZeneca (AZN.L);
a £500m share buyback plan at BAE Systems (BA.L) and dividend worth roughly £290m;
a £473m interim dividend at Lloyds Bank (LLOY.L).

The flurry of payout news helped the FTSE 100 (^FTSE) rise 0.7% on Thursday, despite a rallying pound.

"No one would begrudge investors heading home to pop open a bottle of fizz – it’s just been that kind of a day," said Danni Hewson, a financial analyst at AJ Bell. "A bumper crop of earnings bolstered by news of some hefty dividend pay outs and nothing too challenging emerging from across the Atlantic."

News of the payout blitz comes a day after miner Rio Tinto (RIO.L) announced a record $9.1bn (£6.5bn) dividend. The blockbuster payout – its biggest ever – is worth more than roughly a quarter of FTSE 100 companies.

Barclays (BARC.L), meanwhile, confirmed a £340m dividend payout for investors and announced a £500m share buyback programme on Wednesday.

The return of dividends and buybacks will provide cheer to investors who endured a lean 2020. Last year was the worst for UK dividends in a decade, according to Link Group. Payouts rebounded 50% to £25.7bn in the second quarter, Link said earlier this week.

Watch: What is inheritance tax?

Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – July 29, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" "PTM" or the "Company") announces the resignation of the Company's CEO, President and director, R. Michael Jones, effective immediately. Mr. Jones has agreed to continue as a consultant to Platinum Group until December 31, 2021 to provide transition assistance. Frank Hallam, a director and, most recently, CFO of the Company, has agreed to assume the position of President and CEO on an interim basis.

With Mr. Hallam assuming the role of Interim President and CEO, Greg Blair, CPA, CA, will assume the role of Interim CFO. Mr. Blair has been with the Company for over 11 years and most recently served as Financial Controller. Mimy Fernandez-Maldonado will assume the role of Corporate Secretary also effective immediately.

The Board of Directors of Platinum Group wishes to thank Mr. Jones for his contributions to the Company over the years.

Mr. Hallam has a lengthy history as a senior executive and director with several successful publicly listed mining companies. He co-founded Platinum Group and has worked at the Company for approximately 19 years. He was also a co-founder of MAG Silver Corp. and West Timmins Mining Inc. Mr. Hallam previously served as an auditor in the mining practice of Coopers and Lybrand (now PricewaterhouseCoopers) and is a qualified CPA, CA, and holds a degree in Business Administration. Mr. Hallam commented, "Mike Jones and I have worked together for many years, including on the team that discovered the Company's Waterberg Project. He made a significant contribution to the concepts and genesis of the Waterberg discovery. Looking forward, we will continue with our commitment to the development of this world class asset, and I wish Mike well in his future endeavours."

About Platinum Group Metals Ltd. and Waterberg Project

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"). 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. Forward-looking statements in this press release include, but are not limited to the Waterberg Project becoming one of the largest and potentially lowest cash cost underground platinum group metals mines globally, financing and mine development of the Waterberg Project, the market for platinum group metals, the potential of platinum group metals in batteries, and Lion Battery Technologies' development of next generation battery technology. 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/91606

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