Tech Metals Archives - Page 35 of 69

Vancouver, British Columbia–(Newsfile Corp. – July 15, 2021) – International Lithium Corp. (TSXV: ILC) (FSE: IAH) (the "Company" or "ILC") is pleased to announce a non-brokered private placement (the "Offering") of up to 16,666,667 units ("Unit") at CAD $0.06 per Unit to raise gross proceeds of up to $1,000,000. Each Unit will be comprised of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share at an exercise price of CAD $0.08 per common share until June 30, 2024.

Proceeds of the private placement will be used for exploration on the Company's Raleigh Lake Project and for general corporate and administrative costs.

It is anticipated that some directors and insiders will participate in this Offering. The Units (to the extent subscribed for by insiders) constitute "related party transactions" pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as the subscribers include directors of the Company. The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Units in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the Units does not exceed 25% of the Company's market capitalization.

Withdrawal of Previously Announced Private Placement

The Company had sought to increase the size of the oversubscribed $3,000,000 placing closed in February at 5.5 cents, but owing to the near trebling of the share price in January and February this was declined by the TSXV. Then a TSXV policy meant that it was not possible to arrange for further units to be offered at below 11 cents, and so the Company announced a private placement at 11 cents. This was not taken up after the share price fell back, and consequently, the Company now also announces the withdrawal of the non-brokered private placement (the "Offering") announced on February 19, 2021. The Offering consisted of up to 18,181,818 units ("Unit") at CAD $0.11 per Unit to raise gross proceeds of up to $2,000,000, with each Unit comprising one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant") entitling the holder to acquire one additional common share at an exercise price of CAD $0.165 per common share until March 31, 2024.

About International Lithium Corp.

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

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

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

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

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

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

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

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

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

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

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90385.

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

VANCOUVER, British Columbia, July 14, 2021 (GLOBE NEWSWIRE) — Lupaka Gold Corp. ("Lupaka Gold" or the “Company") (TSX-V: LPK, FRA: LQP) announces that the Company has closed the non-brokered private placement previously announced on June 23, 2021 (the “Placement”).

The Company issued 4,000,000 units at a price of $0.05 per unit for gross proceeds of $200,000. Each unit consists of one common share of the Company (“Share”) and one transferable common share purchase warrant (“Warrant Share”) entitling the holder to purchase an additional common share of the Company at a price of $0.10 for a period of three years from the closing (the “Placement”). All Shares issued and Warrants Shares (if exercised prior to November 15, 2021) are subject to a hold period expiring four months and one day from the closing date of the Placement in accordance with applicable securities laws. Closing of the Placement is subject to final acceptance by the TSX Venture Exchange.

In connection with the subscriptions received the Company expects to pay finders’ fees in the amount of $10,000 in cash. No insiders participated in this Placement.

The proceeds of the Placement will be used to pay ongoing operating costs as the Company continues to pursue its litigation against the Republic of Peru and to support review of potential new properties.

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

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Gordon Ellis, C.E.O.
gellis@lupakagold.com
Tel: (604) 985-3147

or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com

While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything.

And it could happen much sooner than most people realize, as some of the biggest names are already hopping on board.

Amazon has already started making deliveries with electric vans in Los Angeles, as they’ve agreed to purchase 100,000 vans from EV startup, Rivian.

The United States Postal Service just signed a 10-year, multi-billion dollar contract with Oshkosh Defense to produce thousands of electric mail trucks.

And United Airlines just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.

Legacy automakers are all making the shift too, rolling out their line of electric vehicles one by one.

Ford is set to double their investment in EVs to $22 billion, and they’re planning to release their electric version of the Mustang and the F-150, the most popular vehicle in the U.S.

Volkswagen is calling their 2021 electric crossover, the ID.4, “the most important new Volkswagen debut since the Beetle.”

And General Motors has even announced they’ll stop making gas-powered vehicles altogether by 2035.

Now, Biden has even announced plans to transition all government fleet vehicles to EVs.

This electric revolution has already led to monster gains for EV companies throughout 2020.

The EV van startup, Workhorse, saw gains of over 551%…

Tesla’s shares shot up a massive 740%…

And Blink Charging soared for incredible 1,740% gains last year.

Now, many investors are looking ahead for the next big thing in the EV markets.

And one Canadian company in EV related business has seen its momentum building steadily over the last year.

Facedrive (TSXV:FD,OTC:FDVRF) has been acquiring key pieces left and right, adding them to their electric ecosystem alongside their signature ridesharing service.

With these acquisitions, they’ve brought the EV boom into food delivery, car subscriptions, and more.

And now that Facedrive has announced a major government investment in their technology, their business could be set to take off in 2021.

Here are 3 reasons why you should be paying attention to Facedrive:

1 – Bringing EVs to the Gig Economy

Many of the biggest EV stories of late have come from either the automakers rolling out new models or companies working on building out the infrastructure…

But Facedrive is taking a different approach.

Instead, they’re using the cars those automakers have already made and turning them into an entire EV-related ecosystem.

So just like Uber has built their $96 billion business off leveraging cars they never manufactured, bought, or sold…

Facedrive connects customers looking to hail a ride, providing an eco-friendly solution.

Their model is simple.

When customers request a ride, they get their pick between riding to their destination in a standard gas-powered car, a hybrid or an electric vehicle (for no extra charge to them).

Then Facedrive’s algorithm crunches the numbers, setting aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.

Through next-gen technology and partnerships, they’re bringing EVs into the gig economy and making a splash.

That’s because Facedrive has also added a food delivery service, which has taken off since so many have been stuck at home during global lockdowns.

Today, they’re delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.

But they’ve also gone beyond applying EVs to the gig economy and are offering a way for people to get behind the wheel themselves without the usual sticker shock.

2 – Reinventing The Standard Model

At this point there’s no question there’s a growing demand for EVs from consumers, as this trend has spread from Europe and Asia and through North America.

And almost 3 out of 4 younger buyers even say they’re willing to pay higher prices to own an electric vehicle.

But with Facedrive’s acquisition of Steer, you can get the benefits without the large upfront cost.

Facedrive (TSXV:FD,OTC:FDVRF) recently acquired the EV subscription company from the largest clean energy producer in the United States, and they’re aiming to change the way people think about using EVs.

Steer has combined the Netflix subscription model with the EV boom to flip the traditional car ownership model on its head.

With Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to their choice of EVs from a fleet at their disposal.

So they can borrow one whenever they need it instead of buying an EV outright – and at a fraction of the cost.

They’re up and running in the Washington D.C. market already…

And they’ve seen so much success there that they’ve decided to expand further north, to roll out the service in Toronto as well.

With two of the largest metro areas in North America in the mix, Facedrive has started paving the path for a completely unique way to save drivers money in the EV boom.

But their biggest announcement recently came thanks to their willingness to think outside the box and serve the most pressing need we’re seeing today.

3 – Taking On The Biggest Challenges

While Facedrive (TSXV:FD,OTC:FDVRF) has been busy helping bring EVs to mainstream use in creative ways, they’ve also found a way to help address the issue we’ve all been facing for the last year.

By partnering with the University of Waterloo, they’ve created a wearable contact tracing technology called TraceSCAN.

It’s designed to help alert those without cell phones after they’ve been in contact with someone who’s tested positive for COVID-19.

That’s great news for those working in schools, airports, mining, long-term care facilities, and more.

And the demand for TraceSCAN has surged in recent months, as businesses work to open safely and responsibly.

Facedrive has now signed an agreement with Canada’s largest airline, Air Canada, to use this breakthrough technology.

They’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.

But perhaps the most exciting news came from a government announcement in Canada just weeks ago.

In February, the Ontario government announced they’re investing $2.5 million to help speed up the deployment of TraceSCAN to more users.

This means TraceSCAN’s technology has gotten another vote of confidence in their innovative technology… to the tune of millions from the government.

As governments and businesses around the world are doing whatever they can to stop the spread of the virus, this major announcement could help bring attention to Facedrive’s TraceSCAN technology…

Applying more pressure to other organizations and governments to act responsibly and start investing more seriously in contact tracing technology.

Setting Up For Electric Everything in 2021

As 2021 heats up, we’re seeing that the EV boom isn’t just limited to manufacturing sedans anymore.

It involves building an entire electric ecosystem and re-imagining what transportation looks like on all fronts.

That’s why Facedrive aims see their growth wave continue as they bring EVs to ridesharing, food delivery, and beyond.

Here are a few other companies who could profit in the electric future:

Tesla (NASDAQ:TSLA) is a company that has redefined the automotive industry with their electric cars. The Tesla Model S was one of the first fully electric vehicles on the market and it's still one of the best. If you're wondering if an all-electric car is right for you, read this blog post to learn more about what makes Tesla different from other EV manufacturers.

Tesla has been one of the hottest stocks on the market for the past two years. And that’s largely thanks to its CEO and hypeman, Elon Musk. As a visionary in the tech world, Musk built his empire on PayPal and then pivoted to a cause closer to his heart, Tesla. Musk has had his eye on prize long before the green energy hype started building. Tesla isn’t just about cars, however, it’s diving head first into the battery market, as well. And by extension, could completely transform renewable energy as we know it. Tesla’s battery technology is a game-changer because batteries will be the first big step towards decentralized electric grids, another innovation fueled by the dramatic rise of blockchain technology, another cause that Musk is passionate about.

NIO Limited (NYSE:NIO) is another company that manufactures all-electric vehicles. The company's headquarters are located in Shanghai, China and they have manufacturing facilities in Nanjing, Jiangsu Province; Pune, Maharashtra; Lancaster, California; Tilburg, Netherlands and San José dos Campos, São Paulo State. Nio was founded on September 12th 2015 by William Li. NIO has raised $1 billion since the start of their first round of funding back in 2014 with investors including Tencent Holdings Ltd., Temasek Holdings Pte. Ltd., Baidu Inc., Sequoia Capital as well as other prominent firms such as GIC Private Limited (formerly known as Government of Singapore Investment Corporation) and TPG Growth among others.

Nio had an incredible 2020, taking the market by storm. And it’s surprising because no one could have imagined how successful the company was going to be. Investors were ready to leave it for dead. But Nio powered on, blew away estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way.

In addition to its automotive push, however, Nio, Tesla’s largest competitor in China, has also started to offer a batteries-as-a-service concept, in which car buyers can ‘lease’ the battery of their vehicle and save as much as $10,000 on the price of a new vehicle, while also offering buyers the option to swap batteries after a few years of use. And that’s huge news in the lithium world, because it will mean give miners even greater incentive to sign deals with the battery innovator.

General Motors (NYSE:GM) is one of the world's largest and most recognizable automakers. They have a wide variety of vehicles to suit every kind of budget, with their Chevrolet brand being one of the best-selling in America. GM has been around for over 100 years and has always had a focus on technology, innovation, safety, sustainability and value. What started as just the Buick car company back in 1904 is now an internationally recognized name that produces cars in 34 countries across six continents.

just started a joint venture with Korea’s LG Chem to mass produce next-gen battery cells for electric vehicles, together investing $2.3 billion over the next few years. That’s not all its working on, either. In October, auto industry legend, GM announced that its majority-owned subsidiary, Cruise, has just received approval from the California DMV to test its autonomous vehicles without a driver. And while they’re not the first to receive such an approval, it’s still huge news for GM.

Cruise CEO Dan Ammann wrote in a Medium post, “Before the end of the year, we’ll be sending cars out onto the streets of SF — without gasoline and without anyone at the wheel. Because safely removing the driver is the true benchmark of a self-driving car, and because burning fossil fuels is no way to build the future of transportation.”

Ford (NYSE:F) is one of the most recognized automakers in the world. In the late 1800s, Henry Ford transformed the automobile industry by creating a car that was affordable to most Americans. He also made it possible for people to buy their own cars with installment plans. This allowed for more people in America to have access to transportation and do things they couldn't before such as travel farther distances or move away from home. Car ownership would eventually come with privileges like being able to vote, drive without restrictions, and make purchases without relying on others.

Ford is another Detroit automaker making the jump to EVs – and seeing shares jump in the process. They recently announced they’ll be boosting their spending on EVs to $27 billion through mid-decade. That big investment includes plans of their own to develop an electric cargo van and a plug-in version of their bestseller F-150 pickup truck.

Ford isn’t going to be left out of the autonomous vehicle boom, either. The company, for its part, has recently revealed plans to launch its self-driving business in 2022. The new vehicles, in partnership with Argo AI, a Philadelphia-based autonomous vehicle startup, will include major upgrades from advanced Lidar technology and high resolution cameras.

Blink Charging (NASDAQ:BLNK) is an innovative company that has created a solution for electric vehicle owners to charge their car in the blink of an eye. Blink's technology allows drivers to pull up and plug in, then walk away as the car charges. This means more time spent on other tasks or with family instead of waiting around for your battery to fill up!

Blink chargers are currently available at over 300 locations across North America and Europe. They're also expanding into airports, hotels, restaurants, and gas stations–perfect for those who don't have access to home charging facilities. Blink Charging is revolutionizing the way we think about electric vehicles by making them accessible anywhere you go!

Blink was one of the darlings of the EV boom last year because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month. A wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to its success.

Michael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”

Canada is ramping up its own electric vehicle push, as well. GreenPower Motor (NASDAQ:GP, TSX:GPV) is a company that was founded in 2007 and has been providing motors for the green energy industry. They've used their know-how to produce high quality, efficient and cost effective motors. The company's products are used by some of the world's top manufacturers such as Caterpillar, Komatsu, GE Energy and Siemens. GreenPower Motor offers a range of new services including Power Plant Designing Services and Consulting Services which help clients understand how they can improve power plant efficiency using electric motors.

Right now, it is primarily focused on the North American market, but the sky is the limit as the pressure to go green grows. GreenPower has been on the frontlines of the electric movement, manufacturing affordable battery-electric busses and trucks for over ten years. From school busses to long-distance public transit, GreenPower’s impact on the sector can’t be ignored.

Lithium Americas Corp. (NYSE:LAC, TSX:LAC) is a leading producer of lithium and has been developing the Salar de Atacama in Chile for over 20 years. The company's focus on responsible production practices, employee safety, and environmental stewardship have earned them top rankings among mining companies

In a way, Lithium Americas is literally fueling the green energy boom. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

It’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.

NFI Group (TSX:NFI) is a manufacturer of electric vehicles. The company has been in the business for over 50 years, and they are best known for their innovative design that offers high-quality and low-cost options. They have built more than 10 million cars worldwide, which means they know what they’re doing! NFI Group manufactures electric vehicle components as well as complete vehicles. Their factory produces battery packs, motors, controllers, chargers, inverters and other electrical equipment to meet all types of customer requirements.

NFI produces transit busses and motorcycles, as well. NFI had a difficult start to the year, but it since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, NFI still offers investors a promising opportunity to capitalize on the electric vehicle boom.

Celestica (TSX:CLS) is closely tied to the green energy boom. Celestica’s wide range of products includes but is not limited to communications solutions, enterprise and cloud services, aerospace and defense products, renewable energy and enough health technology.

Thanks to its exposure to the renewable energy market, Celestica’s future is tied hand-in-hand with the green energy boom that’s sweeping the world at the moment. It helps build smart and efficient products that integrate the latest in power generation, conversion and management technology to deliver smarter, more efficient grid and off-grid applications for the world’s leading energy equipment manufacturers and developers.

Maxar Technologies (TSX:MAXR) is a high flying tech stock to watch in the energy transition. Why? Its wholelly-owned subsidiary, SSL, a designer and manufacturer of satellites used by government and commercial enterprises, has pioneered research in electric propulsion systems, lithium-ion power systems and the use of advanced composites on commercial satellites. These innovations are key because they allow satellites to spend more time in orbit, reducing costs and increasing efficiency. And it’s greener than traditional power sources.

Thanks to Maxar’s incredible tech and innovative approach to the already-extremely complicated space industry, the company has seen its share price climb where many of its peers have struggled. In fact, in just the past two years, Maxar has seen its share price increase by well over 1000%. And as the company secures more deals in the great beyond, the innovative firm will likely maintain its upward trajectory for some time.

Another way to gain exposure to the electric vehicle industry is through AutoCanada (TSX:ACQ), a company that operates auto-dealerships through Canada. The company carries a wide variety of new and used vehicles and has all types of financial options available to fit the needs of any consumer. While sales have slumped this year due to the COVID-19 pandemic, AutoCanada will likely see a rebound as both buying power and the demand for electric vehicles increases. As more new exciting EVs hit the market, AutoCanada will surely be able to ride the wave.

Shaw Communications Inc. (TSX:SJR) is major player in the Canadian telecoms sector. It owns a ton of infrastructure throughout Canada and its cloud services and open-source projects look to address some of the biggest issues that its customers might face before the customers even face them. As online gaming depends on solid internet connections, Shaw will likely become a backdoor benefactor in increased online activity. Not only that, it’s growing higher on ESG investors’ lists, as well, thanks to its forward-thinking approach to the environment and its governance.

By. Max Gibson

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

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will achieve its plans for manufacturing and selling Tracescan devices; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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Copper prices hit an all-time high in May but have been down recently. Photo: Central Copper Resources

Central Copper Resources (CCR), which mines in Congo and Zambia, is gearing up to launch on the London Stock Exchange as copper prices lost ground.

CCR is finalising the documentation and procedures for admission into the exchange's AIM, the market for small and medium size growth companies.

It plans to use the money raised from the IPO to “advance the high grade Mbamba Kilenda copper project in the Congo towards production and to continue high impact exploration” at its Titan project in the Congo and the Lunga project in Zambia.

The funds will go towards direct exploration and evaluation work programmes.

“We believe that we are listing on AIM at a good time in the project life cycles of the portfolio and given the recent performance of the copper price,” said CEO Kevin van Wouw.

Copper prices reached an all-time high in May as commodities markets soared as hopes of a global economic recovery creates demand for raw materials.

But recently they have been slipping, falling again on Wednesday amid concerns Chinese industrial demand is slowing and as investors wait for clarification from US central bank officials on rate policy, after data showed rising inflation.

‘’Central Copper Resources is well placed to capitalise on the strong demand for copper forecast as the combustion engine is phased out and the adoption of electric vehicles accelerates,” Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown told Yahoo Finance UK.

“Quality copper ore is considered to be in relatively short supply so if the exploration is successful the company would stand to benefit from new mines coming online,” she said

But she warned about the risks of falling prices, and said investors should also be aware "that mining is highly capital intensive and this company does not offer anywhere near the same level of diversification as mining giants such as Glencore (GLEN.L) and Anglo American (AAL.L)."

Meanwhile, London has become home to a number of initial public offerings this year as the City seeks to attract more listings from innovative companies.

A boom in firms listing on the London Stock Exchange powered it to the best first quarter for listings in 15 years.

Watch: What are negative interest rates

Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – July 14, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" "PTM" or the "Company") and subsidiary Lion Battery Technologies Inc. ("Lion") reports that the U.S. Patent and Trademark Office has issued a third patent to Florida International University ("FIU") related to platinum group metals ("PGMs") being used in lithium batteries. Specifically, this third patent is related to PGMs in the "Next Generation" Lithium Sulphur Batteries. Under a sponsored research agreement, Lion has exclusive rights to all technology being developed by FIU with Lion funding, including granted patents.

The new patent was issued on June 15, 2021, entitled "Battery Cathodes for Improved Stability" with patent number US 11,038,160 B2. The patent covers a preparation method using PGM catalysts in carbon materials for use as cathodes with increased emphasis on Lithium Sulphur Batteries. The new patent broadens protection for US patent 10,734,636 B2 issued to FIU on August 4, 2020, covering the composition of carbon cathodes containing PGMs.

Lithium Sulphur Batteries are well known to have the potential for a significant increase in power to weight ratios over traditional lithium-ion batteries popular in EV applications, such as those utilizing nickel, manganese and cobalt or "NMC" cathodes. One of the challenges in Lithium Sulphur Batteries is getting them to charge and discharge hundreds of times as required in commercial settings.

Dr. Bilal El-Zahab, the project leader of the Lion Battery work at FIU commented, "We are pleased to receive this important patent for the use of PGMs in Lithium Sulphur Batteries. As outlined in our patent application, we are seeing 2 times capacity retention after 100 cycles using PGMs versus the control group without PGMs. We have observed Lithium Sulphur Batteries with cycling performance at nearly 300 cycles with greater than 70% capacity retention relative to the first cycle. We are still working on optimizing performance and we are working towards 500+ cycles. The initial results are encouraging and indicate that PGMs can bring significant performance improvements to high power to weight Lithium Sulphur Batteries."

In addition to the above new patent, a further final patent application has also been filed for specific application of PGMs in most lithium batteries, including current lithium-ion chemistries. A PGM bearing separator is showing good promise to extend the life of a lithium metal anode, which for example, may allow for weight savings by the elimination of graphite at the anode.

R. Michael Jones, CEO of Platinum Group said, "Lion's patents and research work continue to show the potential of PGMs to improve the performance of lithium batteries. PGMs are well known to be good catalysts, encouraging reactions, and a little bit can go a long way. Using PGMs to thrift out other costly and heavy battery components while improving battery performance is the focus of our exciting research."

Lion is a private company formed jointly in 2019 by Anglo American Platinum Limited, one of the world's leading primary producers of platinum group metals, and the Company to accelerate the development of next-generation battery technology using platinum and palladium. The Company currently owns 53.7% in Lion. Dr. El-Zahab, with prior battery research and development experience and post-doctoral work completed at the Massachusetts Institute of Technology, is the head of the Lion battery research team and was recently appointed to the Board of Lion Battery Technologies Inc.

About Platinum Group Metals Ltd.

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a 19.5 million ounce proven and probable reserve, bulk underground palladium, platinum and gold deposit located in South Africa. The Waterberg Project was discovered by PTM and is being jointly developed with Impala Platinum Holdings Ltd., Japan Oil, Gas and Metals National Corporation, Mnombo Wethu Consultants (Pty) Ltd. and Hanwa Co. Ltd.

Platinum Group Metals is investing in energy efficiency innovation, such as with Lion, where PGMs can play an important role. As the majority owner of the Waterberg Project, the Company views the innovative use of PGMs in new technology as an opportunity.

For further information contact:
R. Michael Jones, President
or 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.

The recent COVID-19 pandemic and related measures taken by government create uncertainty and have had, and may continue to have, an adverse impact on many aspects of the Company's business, including employee health, workforce productivity and availability, travel restrictions, contractor availability, supply availability, the Company's ability to maintain its controls and procedures regarding financial and disclosure matters and the availability of capital and insurance and the costs thereof, some of which, individually or when aggregated with other impacts, may be material to the Company.

This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements") including statements regarding the development of the Waterberg project and the potential benefits and results thereof; the potential use of palladium and platinum in lithium battery applications; the development of Lithium Sulphur Batteries and the potential benefits of utilizing palladium and platinum therein; the commercialization of Lithium Sulphur Batteries; the application for patent rights with respect to the use of platinum group metals in lithium batteries; the potential use and benefits of a bearing containing platinum group metals in lithium metal anodes; the ability of the Company to continue to provide funding for Lion; the market for platinum group metals, the cost and potential of platinum group metals in batteries, and Lion's development of next generation battery technology; 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; and the Company's other future plans and expectations. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including possible adverse impacts due the global outbreak of COVID-19 (as described above), the Company's inability to meet its funding requirements and other obligations under the sponsored research agreement between Lion and FIU, the Company's inability to generate sufficient cash flow or raise sufficient additional capital to make payment on its indebtedness, and to comply with the terms of such indebtedness; additional financing requirements; the US $20 million senior secured facility with the Sprott Private Resource Lending II (Collector), LP ("Sprott") entered into August 21, 2019 (the "2019 Sprott Facility") is, and any new indebtedness may be, secured and the Company has pledged its shares of Platinum Group Metals (RSA) (Pty) Ltd. ("PTM RSA"), and PTM RSA has pledged its shares of Waterberg JV Co. to Sprott, under the 2019 Sprott Facility, which potentially could result in the loss of the Company's interest in PTM RSA and the Waterberg Project in the event of a default under the 2019 Sprott Facility or any new secured indebtedness; the Company's history of losses and negative cash flow; the Company's ability to continue as a going concern; the Company's properties may not be brought into a state of commercial production; uncertainty of estimated production, development plans and cost estimates for the Waterberg Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, between actual and estimated metallurgical recoveries and between estimated and actual production; fluctuations in the relative values of the U.S. Dollar, the Rand and the Canadian Dollar; volatility in metals prices; the uncertainty of alternative funding sources for Waterberg JV Co.; the Company may become subject to the U.S. Investment Company Act; the failure of the Company or the other shareholders to fund their pro rata share of funding obligations for the Waterberg Project; any disputes or disagreements with the other shareholders of Waterberg JV Co. or Mnombo; the ability of the Company to retain its key management employees and skilled and experienced personnel; conflicts of interest; litigation or other administrative proceedings brought against the Company, including the appeal of the mining right; an adverse decision on the appeal on the Mining Right could delay or prevent the Company from having the mining right reinstated and developing the Waterberg Project; actual or alleged breaches of governance processes or instances of fraud, bribery or corruption; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and South Africa; equipment shortages and the ability of the Company to acquire necessary access rights and infrastructure for its mineral properties; environmental regulations and the ability to obtain and maintain necessary permits, including environmental authorizations and water use licences; extreme competition in the mineral exploration industry; delays in obtaining, or a failure to obtain, permits necessary for current or future operations or failures to comply with the terms of such permits; risks of doing business in South Africa, including but not limited to, labour, economic and political instability and potential changes to and failures to comply with legislation; the Company's common shares may be delisted from the NYSE American or the Toronto Stock Exchange if it cannot maintain compliance with the applicable listing requirements; and the other 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/90150

Vancouver, British Columbia–(Newsfile Corp. – July 14, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed the first hole of its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland, intersecting multiple quartz veins, with visible gold evident in one vein. The 100% owned Golden Promise Property is one of the company's eight properties, which cover an area of 25,700 hectares, located within the central Newfoundland gold belt.

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

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This is a resumption of Phase 2 diamond drilling at the gold bearing Jaclyn Zone, located within the northern region of the Golden Promise Property, which hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones. The current Phase 2 drilling will include up to 33 drill holes, totalling approximately 5,000 metres, at the gold bearing Jaclyn Zone with holes planned at the Jaclyn Main Zone and Jaclyn North Zone.

Drill hole GP-21-149, an in-fill hole, was drilled to a length of 96 meters, within the west region of the Jaclyn Main Zone between 2019 drill holes which had intersected high grade gold mineralization. Drilling is underway on GP-21-150, also an in-fill hole in the western part of the Jaclyn Main Zone. Multiple quartz veins were intersected in GP-21-149, with visible gold evident in a 0.30-meter long (core length) quartz vein intersected between 50.10 to 50.40 meters. Drill core from GP-21-149 is currently being geologically logged and sampled at the company's secure facility in central Newfoundland prior to being submitted to a certified laboratory for gold assay and multi-element analysis.

The objective of these holes and subsequent holes is to further define the zone and provide information for an updated resource estimate. Most of these holes are planned within the central to west region of the zone, testing above 200 metres vertical depth, with two holes planned in the east part of the Jaclyn Main Zone to test the zone at 200 to 350 metres vertical depth.

Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts of 113.07 grams per tonne gold over 0.55 metres and 61.35 grams per tonne gold over 2.04 metres, and 15.8 grams per tonne gold over 2.70 metres, plus an interval of multiple gold bearing veins in one drill hole averaging 2.30 grams per tonne gold over 25.25 metres. The planned drilling at the Jaclyn North Zone will further test the area east of historic drill holes including the area of an approximate 300-metre long zone of gold-bearing quartz vein boulders.

Three drill holes completed by the company during 2020 in this area intersected gold bearing quartz veins and extended the Jaclyn North quartz vein system approximately 260 metres east of historic drilling. The company collected gold bearing quartz boulder samples in this area during 2017, including samples returning 163, 208 and 332 grams per tonne and again in 2020 including samples returning 17.4, 26.7 and 157.6 grams per tonne gold.

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

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

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

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

About InvestmentPitch Media

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90190

In this article, we will be looking at the 10 best agriculture stocks to invest in. If you want to skip our detailed analysis of the agriculture sector, you can go directly to see the 5 Best Agriculture Stocks to Invest In.

When the pandemic broke out, a range of industries and sectors were horribly impacted and adversely affected, particularly in light of disruptions in global supply chains. The food and agriculture sector is no stranger to these developments and faced unprecedented volatility due to the pandemic. As people stopped going out to eat because of stay-at-home restrictions, demand for food materials from restaurants and the like plummeted, as consumer spending on food dropped by 47% in April last year, as compared to three months prior. At the same time, demand for foodstuffs and agricultural produce rose as more people began cooking at home, as witnessed by a 22% increase in consumer spending on homemade food last March.

Despite the increased volatility in the sector, sustainable agriculture and the agtech sector witnessed a rise in investor support and spending when the pandemic broke out. A TechAccel article claimed that in 2020, about $6.9 billion were poured into 385 companies in the sustainable agriculture and agtech sectors, a stunning increase in comparison to 2017 numbers of $3.4 billion in investment across 245 companies. This, coupled with the fact that demand for agricultural commodities has been rising after the initial setbacks during the starting months of the pandemic, has meant that the agriculture sector has started to become an attractive investment opportunity.

S&P Global has cited US Department of Agriculture statistics indicating that the demand for agricultural products may be rising because of China's grain purchases, with corn imports so far this year having reached an all-time high of 24 million mt. Along with the rising demand for agricultural products, we are also seeing rising prices with US corn, soybean, and wheat costs having risen by about 30-120% in the last one year period until the end of April. Despite this, demand for agricultural products remains robust, and the industry seems set to benefit in the long run, with major agriculture stocks like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM) and The Scotts Miracle-Gro Company (NYSE: SMG) at the forefront. Hence, we have compiled a list of the best agriculture stocks to invest in.

Photo by Sebastian Gómez on Unsplash

Investing is becoming difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Without further ado, let's look at the 10 best agriculture stocks to invest in. The stocks added to our list below were selected on the basis of hedge fund sentiment, analysts' ratings, fundamentals, and growth potential based on core business strengths.

Best Agriculture Stocks To Invest In

10. Gladstone Land Corporation (NASDAQ: LAND)

Number of Hedge Fund Holders: 6

Gladstone Land Corporation (NASDAQ: LAND) is a real estate investment trust that operates in the acquisition and ownership of farmland and farm-related properties in American agricultural markets. The company leases its properties to third-party farmers. It ranks 10th on our list of the best agriculture stocks to invest in.

This March, B. Riley Securities raised its price target on Gladstone Land Corporation (NASDAQ: LAND) from $17.50 to $21 with a Buy rating on the shares. Analyst Craig Kucera commented that 2021 would be a year of exceptional growth for the company. Gladstone Land Corporation (NASDAQ: LAND) also acquired yet another 639 gross acres of farmland in California this June for about $24.5 million.

In the first quarter of 2021, Gladstone Land Corporation (NASDAQ: LAND) had an FFO of $0.18, beating estimates by $0.04. The company's revenue was $16.03 million, up 4.93% year over year and beating estimates by $0.80 million. Gladstone Land Corporation (NASDAQ: LAND) has a gross profit margin of 88.95% and has gained 63.89% in the past 6 months and 67.67% year to date.

As of the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in Gladstone Land Corporation (NASDAQ: LAND) worth roughly $7.1 million. This is compared to 11 hedge funds in the previous quarter with a stake value of about $17.29 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), Gladstone Land Corporation (NASDAQ: LAND) is a good agriculture stock to buy.

9. Tyson Foods, Inc. (NYSE: TSN)

Number of Hedge Fund Holders: 28

Tyson Foods, Inc. (NYSE: TSN) is a global food company. It processes live-fed cattle and live market hogs, raises and processes chickens, and supplies poultry breeding stock among other services. The company ranks 9th on our list of the best agriculture stocks to invest in.

This May, Tyson Foods, Inc. (NYSE: TSN) was upgraded to Buy at Argus, with a $92 price target on the shares. Analyst John Staszak used the company's positive fiscal second-quarter earnings report to justify the upgrade, commenting that Tyson Foods, Inc.'s (NYSE: TSN) balance sheet and financial resources are highly beneficial for the company, and it will also gain from a rising protein demand. Staszak followed this up by raising his EPS view for the company to $6.20.

In the fiscal second quarter of 2021, Tyson Foods, Inc. (NYSE: TSN) had an EPS of $1.34, beating estimates by $0.21. The company's revenue was $11.30 billion, up 3.78% year over year and beating estimates by $110.31 million. Tyson Foods, Inc. (NYSE: TSN) has a gross profit margin of 14.06% and has gained 13.2% in the past 6 months and 14.25% year to date.

As of the end of the first quarter of 2021, 28 hedge funds out of the 866 tracked by Insider Monkey held stakes in Tyson Foods, Inc. (NYSE: TSN) worth roughly $761 million. This is compared to 38 hedge funds in the previous quarter with a stake value of about $867 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), Tyson Foods, Inc. (NYSE: TSN) is a good agriculture stock to buy.

8. FMC Corporation (NYSE: FMC)

Number of Hedge Fund Holders: 32

FMC Corporation (NYSE: FMC) is an agricultural sciences company providing crop protection, plant health, precision agriculture, and professional pest and turf management products. It ranks 8th on our list of the best agriculture stocks to invest in.

This February, Monness Crespi upgraded FMC Corporation (NYSE: FMC) from Neutral to Buy with a $126 price target. The company has also provided Q2 guidance for its EPS and revenue this May, seeing an EPS of $1.68-$1.88 versus estimates of $1.81, and revenue of $1.19-$1.26 billion.

In the first quarter of 2021, FMC Corporation (NYSE: FMC) had an EPS of $1.53, beating estimates by $0.02. The company's revenue was $1.20 billion, also beating estimates by $21.06 million. FMC Corporation (NYSE: FMC) has a gross profit margin of 43.66% and has gained 7.06% in the past year.

As of the end of the first quarter of 2021, 32 hedge funds out of the 866 tracked by Insider Monkey held stakes in FMC Corporation (NYSE: FMC) worth roughly $499 million. This is compared to 45 hedge funds in the previous quarter with a stake value of about $571 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), FMC Corporation (NYSE: FMC) is a good agriculture stock to buy.

7. Nutrien Ltd. (NYSE: NTR)

Number of Hedge Fund Holders: 33

Nutrien Ltd. (NYSE: NTR) is a provider of crop inputs, services, and solutions. The company provides consumers with potash, nitrogen, phosphate, and sulfate products, alongside financial solutions, and ranks 7th on our list of the best agriculture stocks to invest in.

This July, RBC Capital raised its price target on Nutrien Ltd. (NYSE: NTR) from $63 to $69, keeping an Outperform rating on the shares. Analyst Andrew Wong commented that Nutrien Ltd. (NYSE: NTR) is set to benefit from a robust ag environment and rising prices of fertilizers, which will foreseeably raise the company's estimates and cash flow.

In the first quarter of 2021, Nutrien Ltd. (NYSE: NTR) had an EPS of $.029, beating estimates by $0.20. The company's revenue was $4.45 billion, up 11.90% year over year and surpassing the previous quarter's $3.85 billion revenue. Nutrien Ltd. (NYSE: NTR) has a gross profit margin of 26.86% and has gained 15.35% in the past 6 months and 24.22% year to date.

As of the end of the first quarter of 2021, 33 hedge funds out of the 866 tracked by Insider Monkey held stakes in Nutrien Ltd. (NYSE: NTR) worth roughly $895 million. This is compared to 25 hedge funds in the previous quarter with a stake value of about $754 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), Nutrien Ltd. (NYSE: NTR) is a good agriculture stock to buy.

Miller/Howard Investments, an investment management firm, mentioned Nutrien Ltd. (NYSE: NTR) in its first-quarter 2021 investor letter. Here's what they said:

“For the most part, performance of the stocks within the Income-Equity Strategies was skewed towards the high-performing market sectors with two exceptions – our consumer discretionary and technology stocks both did better than their broad market peers… We bought Nutrien (NTR), a producer of fertilizer, which we believe should benefit from increasing crop prices.”

6. The Scotts Miracle-Gro Company (NYSE: SMG)

Number of Hedge Fund Holders: 34

The Scotts Miracle-Gro Company (NYSE: SMG) is a manufacturer and seller of consumer lawn and garden products in the US and internationally. It offers fertilizers, grass seed products, pest and disease control products, and other related items. The company ranks 6th on our list of the best agriculture stocks to invest in.

This June, UBS initiated coverage of The Scotts Miracle-Gro Company (NYSE: SMG) with a Buy rating and a $225 price target. Raymond James has also kept its Strong Buy rating on the shares as of this June.

In the fiscal second quarter of 2021, The Scotts Miracle-Gro Company (NYSE: SMG) had an EPS of $5.64, beating estimates by $0.07. The company's revenue was $1.83 billion, up 32.25% year over year and beating estimates by $95.86 million. The Scotts Miracle-Gro Company (NYSE: SMG) has a gross profit margin of 32.75% and has gained 31.39% in the past year.

As of the end of the first quarter of 2021, 34 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Scotts Miracle-Gro Company (NYSE: SMG) worth roughly $445 million. This is compared to 29 hedge funds in the previous quarter with a stake value of about $454 million.

Roubaix Capital LLC, an investment management firm, mentioned The Scotts Miracle-Gro Company (NYSE: SMG) in its fourth-quarter 2020 investor letter. Here's what they said:

“Companies including Scotts Miracle-Gro (SMG) have seen their sales accelerate to unsustainable levels that are not consistent with their mature end markets. We expect sales to slow and eventually give back some of the one-time gains caused by the unusual circumstances of 2020. Further, we question the sustainability of current peak valuations in the face of likely peak sales. We believe companies with such characteristics could face a combination of negative earnings revisions and lower valuations as the demand reality sets in this year. We also anticipate that companies that have benefited from consumers being homebound will see very challenging comparisons in 2021. No doubt, spending on home improvement and furnishing grew at unsustainable rates in 2020.”

Click to continue reading and see the 5 Best Agriculture Stocks to Invest In.

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

At the end of the first quarter, a total of 28 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 17% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards ENS over the last 23 quarters. With the smart money's positions undergoing their usual ebb and flow, there exists an "upper tier" of notable hedge fund managers who were upping their stakes considerably (or already accumulated large positions).

The largest stake in EnerSys (NYSE:ENS) was held by Hill City Capital, which reported holding $20 million worth of stock at the end of December. It was followed by ACK Asset Management with a $17 million position. Other investors bullish on the company included One Fin Capital Management, AQR Capital Management, and Skylands Capital. In terms of the portfolio weights assigned to each position ACK Asset Management allocated the biggest weight to EnerSys (NYSE:ENS), around 6.77% of its 13F portfolio. Hill City Capital is also relatively very bullish on the stock, designating 6.12 percent of its 13F equity portfolio to ENS.

As industrywide interest jumped, some big names have been driving this bullishness. Engineers Gate Manager, managed by Greg Eisner, created the most valuable position in EnerSys (NYSE:ENS). Engineers Gate Manager had $0.8 million invested in the company at the end of the quarter. Karim Abbadi and Edward McBride's Centiva Capital also made a $0.4 million investment in the stock during the quarter. The other funds with brand new ENS positions are Parvinder Thiara's Athanor Capital, Minhua Zhang's Weld Capital Management, and Jinghua Yan's TwinBeech Capital.

Let's also examine hedge fund activity in other stocks – not necessarily in the same industry as EnerSys (NYSE:ENS) but similarly valued. We will take a look at Umpqua Holdings Corp (NASDAQ:UMPQ), Brighthouse Financial, Inc. (NASDAQ:BHF), Glaukos Corporation (NYSE:GKOS), Spire Inc. (NYSE:SR), New Jersey Resources Corp (NYSE:NJR), Legend Biotech Corporation (NASDAQ:LEGN), and Red Rock Resorts, Inc. (NASDAQ:RRR). This group of stocks' market values match ENS's market value.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position UMPQ,25,245140,2 BHF,28,539727,-5 GKOS,18,47095,5 SR,9,20905,-6 NJR,12,26762,-1 LEGN,12,315484,-1 RRR,28,607053,2 Average,18.9,257452,-0.6 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 18.9 hedge funds with bullish positions and the average amount invested in these stocks was $257 million. That figure was $120 million in ENS's case. Brighthouse Financial, Inc. (NASDAQ:BHF) is the most popular stock in this table. On the other hand Spire Inc. (NYSE:SR) is the least popular one with only 9 bullish hedge fund positions. EnerSys (NYSE:ENS) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for ENS is 89. 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 positive signal but 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 24% in 2021 through July 9th and beat the market again by 6.7 percentage points. Unfortunately ENS wasn't nearly as popular as these 5 stocks and hedge funds that were betting on ENS were disappointed as the stock returned 7.3% since the end of March (through 7/9) 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 many of these stocks already outperformed the market since 2019.

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

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For the retail investor, making sense of the markets and finding the right investment is naturally the key to long-term profits. For many such investors, the strategy of choice is following the insiders.

While ‘insiders’ may have a bad sound, suggesting below-board dealing to score dishonest wins, it really means something much simpler, and fundamentally honest. Insiders are corporate officers, in positions of trust with their companies, and their offices give them access to information that ordinary investors haven’t got. It’s human nature for them to trade on that information; to keep a level playing field, the regulators require such insiders to frequently publish their stock trading activity.

That last makes it possible for quick-witted investors to trade like the insiders. By watching the insiders’ stock moves, retail investors can gain the benefit of the insiders’ knowledge – and trade accordingly.

With that in the background, we’ve made use of the TipRanks stock data tools to find stocks that show solid signs of informative buys from the insiders. These are two very different companies – but they both show strong upside potential for the coming year. Let’s take a closer look into the data and the analyst commentary.

Piedmont Lithium, Ltd. (PLL)

we'll open up our look at recent insider trades with Piedmont Lithium. Piedmont is an Australian company that recently re-domiciled to the US, in a move designed to put the company’s headquarters in the same country as the majority of its assets. Those assets are mines, based in a large production area of North Carolina and harboring an estimated 39.2 metric tons of lithium oxide in a 1.09% grade ore. Piedmont is developing the area in preparation for mining activities, with the goal of producing lithium hydroxide, a key ingredient in the production of lithium ion batteries.

Batteries, of course, are a massive industry in today’s world. Everything from the smartphone in your pocket to the laptop on your desk to the electric car or bike in your garage runs on batteries – and lithium ion batteries are the most common type. A company that can fill that need will build itself a solid foundation. And, in addition to the battery market, lithium hydroxide has applications in other fields; it is used in Portland cement, carbon dioxide scrubbing technology, and lubricating grease.

As part of Piedmont’s re-domiciling, the company put 1.75 million American Depositary Shares on the NASDAQ during the first quarter of the year. Each ADS represented 100 of its ordinary shares, and the offering brought in gross proceeds totaling $122.5 million.

In recent weeks, Piedmont has been expanding operations. On June 8, the company announced increased activity in production of mineral resources, including quartz, feldspar, and mica. Mining activity in these minerals targets a 40% increase in output. Later in June, Piedmont and its partner – Sayona Quebec, in which Piedmont owns a 25% stake – received approval from Quebec’s Superior Court to acquire North American Lithium. The acquisition will cost Piedmont C$23.5 million, in proportion to its share of Sayona. And finally, in the first week of July, Piedmont announced that it will acquire more than 9% of IronRidge Resources, and 50% interest in that company’s Ghana-based lithium production. The goal is to become the largest American producer of lithium hydroxide.

Turning to the insider moves, we see that the insider sentiment is positive. This is based on two recent informative buys, by board members Susan Jones and Jeffrey Armstrong. Jones purchased 4,000 shares of PLL, for $292,240, while Armstrong picked up 2,500 shares for $174,025. For Armstrong, the purchase added to his existing holdings, and his stake in the company now totals over $1.42 million.

Covering PLL for Evercore ISI, analyst Stephen Richardson thinks the company is well-placed to succeed, writing, “Piedmont is an early-stage project company positioned to address the pending supply gap facing the battery materials market. Core to value is a well-defined, domestic, hard rock lithium hydroxide mine + chemical plant in a proven and historically important supply basin (North Carolina)… Our view is steady progress towards major milestones (+ additional commercial clarity surrounding hydroxide sales / partnerships) should see the stock narrow the gap to NAV over time (and the NAV grow). The fundamental backdrop for lithium hydroxide price is strong, and we see PLL as a call on higher prices."

In light of these comments, Richardson puts an Outperform (i.e., a Buy) rating on PLL, and his $95 price target suggests an upside of 30% for the next 12 months. (To watch Richardson’s track record, click here.)

Based on Buys only – 3, in total – Piedmont has a Strong Buy consensus rating, showing agreement on the Street regarding the company’s forward outlook. PLL shares are trading for $72.95 and have an average price target of $88.33, implying a one-year upside of 21%. (See Piedmont’s stock analysis at TipRanks.)

FG New American Acquisition (FGNA)

The next stock we’re looking at couldn’t be more different from Piedmont. FG New American Acquisition is a SPAC (special purpose acquisition company). SPACs are companies formed for the express purpose of raising capital, locating a target company, buying it out – and taking it public. SPACs offer a route to the public stock markets for smaller firms that may not otherwise be able to conduct an IPO on their own. The popularity of SPACs can be seen in the huge sums they have been raising; last year, SPACs raised over $83 billion, while so far this year they have raised $100 billion.

FG New America formed for the purpose of seeking out a fintech or insuretech company with which to merge. Last month, FGNA announced that it has selected Opportunity Financial (OppFi) as its target. The merger between the two companies will result in OppFi entering the public stock markets with the ticker symbol OPFI. Pending FGNA shareholders’ approval – a meeting is slated for July 16 – the merger should be completed in the third quarter of 2021.

OppFi is a fintech platform providing consumer credit access, which has facilitated over 1.5 million loans for more than 500,000 customers. The company’s potential customer base is impressively large; over 60 million American consumers lack access to the traditional financial product market.

As the last set of financial results, OppFi’s most recent quarterly report is of deep interest to potential investors. OppFi reported a 1Q21 net income of $24.4 million, up 44% year-over-year. Adjusted Net Income came in at $19.3 million, a 48% increase from the same period last year. In a note that bodes well for OppFi in Q2, April’s net originations were up 23% from March and more than doubled year-over-year.

In insider trades, the key transaction from an investor perspective was made at the end of June by Larry Swets, President, CEO, and board member of FG New America. Swets bought 20,000 shares at a price of $229,600, making his total shareholding in the company more than $5 million.

Ahead of the proposed SPAC merger, D.A. Davidson analyst Christopher Brendler has been looking at OppFi and he believes the company offers a “unique opportunity.”

“OppFi is reinventing nonprime credit, and we believe the company is poised to deliver dramatic EPS growth, yet the stock is quite cheap,” the analyst said. “Although it does have significant credit and funding risk, we believe OppFi is fundamentally better positioned than prior alt-lending peers, and we are especially bullish here given the valuation against a strong near-term macro outlook.”

As the merger has not yet occurred, Brendler puts his rating on the current FGNA shares. He rates these as a Buy, and sets a price target of $13.50, implying an upside of 32% for the year ahead. (To watch Brendler’s track record, click here.)

There are two analyst reviews on record for FGNA stock, and both are Buys, giving the stock a Moderate Buy consensus rating. Shares are priced at $10.21 and the average target of $13.75 indicates room for 34% upside going forward. (See FGNA’s stock analysis at TipRanks.)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

VANCOUVER, BC / ACCESSWIRE / July 13, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the first hole (GP-21-149) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. The hole, completed at the Jaclyn Main Zone, intersected multiple quartz veins. Visible gold is evident in one vein.

Quartz Vein with Visible Gold in GP-21-149

Drill hole GP-21-149 is an in-fill hole, drilled between 2019 drill holes which intersected high grade gold mineralization. GP-21-149 was drilled within the west region of the Jaclyn Main Zone (JMZ). It was drilled to a length of 96 meters. The current drilling is part of the Company's Phase 2 diamond drilling program at the gold bearing Jaclyn Zone. Drill core from GP-21-149 is currently being geologically logged and sampled at the Company's secure facility in central Newfoundland. Multiple quartz veins were intersected in GP-21-149. Visible gold is evident in a 0.30-meter long (core length) quartz vein intersected at 50.10-50.40 meters. Drill core samples from GP-21-149 will be submitted to a certified laboratory for gold assay and multi-element analysis.

Drilling is underway on GP-21-150, also an in-fill hole in the western part of the JMZ.

The current Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes planned at the JMZ and Jaclyn North Zone with total planned drilling of approximately 5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide information for an updated resource estimate of the JMZ. The Company is continuing the drill hole numbering system from previous drilling programs. Most of the planned holes at the JMZ are within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the JMZ to test the zone at 200-350 meters vertical depth.

Quartz Vein with Visible Gold in GP-21-149

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

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

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

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

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

Investor Relations:
Please call 604-488-3900

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

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

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/655228/Great-Atlantic-Completes-First-Hole-of-2021-Drilling-Program-Golden-Promise

SES will debut by year end as GM and other automakers anticipate a battle over battery supplies amid a global EV boom.

Albemarle (ALB) shares soared 6.8% in the last trading session to close at $187.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.1% gain over the past four weeks.

ALB’s shares rallied after The Wall Street Journal reported that the Biden administration is targeting at least a 50% reduction in carbon emissions by 2030 and wants 80% of U.S. power to come from clean sources by the end of the decade. The United States currently generates around 20% of its electricity from renewable sources such as wind and solar. Investors appear to have responded positively on prospects that the proposal would lead to higher demand for lithium.

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 $793.09 million, up 3.8% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Albemarle, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate 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 >>>>

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) announces a non-brokered private placement of subscription receipts (the "Subscription Receipts") at a price of $0.14 per Subscription Receipt for gross proceeds of up to $10,000,000 (the "Offering"). The proceeds of the Offering will be applied to the acquisition of the Sal de la Puna lithium brine project from Centaur Resources Pty Ltd., described in the Company's news releases of May 25, 2021 and June 10, 2021 (the "Centaur Acquisition"). Amounts not required to complete the Centaur Acquisition will be used by Arena for exploration and development expenditures on the Company's lithium assets and for general corporate purposes.

Lithium Americas Corp. ("Lithium Americas” or “LAC”) will be acquiring $6 million of Subscription Receipts in the Offering. Under LAC’s subscription agreement with Arena, and provided it holds at least 7.5% of Arena's common shares, LAC has been granted the right (i) to participate in future Arena financings to maintain its percentage ownership interest in Arena; and (ii) to appoint a nominee to the Arena board of directors as long as it holds at least 10% of Arena's common shares.

Ganfeng Lithium Co., Ltd ("Ganfeng Lithium") holds a contractual right to participate in the Offering to maintain its percentage ownership interest in Arena under the Subscription agreement dated February 3, 2021.

Upon successful closing of the Company’s share purchase agreement with Centaur Resources Pty Ltd. (the "Release Condition"), the Subscription Receipts will be exchanged without payment of additional consideration for units of the Company (each a "Unit"). Each Unit shall consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.25 for a period of 24 months from the date of issuance. If the Release Condition is not met by August 15, 2021, the proceeds of the Offering will be returned to the subscribers without interest or deduction.

Will Randall, President and Chief Executive Officer of Arena, commented: “Thanks to the support shown by Ganfeng Lithium, and today’s equity investment by Lithium Americas, I am pleased to confirm that upon closing of this offering, Arena will be fully funded to close the transformative acquisition of the Sal de la Puna Project in Salta, Argentina. Indeed, this financing provides the Company with sufficient working capital to advance our lithium projects towards our ultimate goal of becoming a low-cost supplier to the lithium carbonate industry.”

The Sal de la Puna Project

The Sal de la Puna Project covers approximately 11,000 hectares of the Pastos Grandes basin located in the Puna region of Salta province at an average elevation of 4,000 metres above sea level. The project hosts a large portion of the Pastos Grandes salar adjacent and south of Millennial Lithium’s 12,700-hectare Pastos Grandes project and Litica’s Pozuelos-Pastos Grandes project which shares the northern portion of the same salar. Litica is a subsidiary of Latin American leading oil and gas producers PlusPetrol S.A., who acquired LSC Lithium in 2019 giving them ownership of their lithium assets in Argentina. The Sal de la Puna project is also located 50 km north of Lithium X Energy Corp.’s project, which was sold for $265 million in 2018, where Mr. Morales, Executive Chairman, and Mr. Randall, President and CEO, were senior executives.

Approximately $22 million has been invested in the property by the current private operators/owners, including approximately $13 million in work completed at Sal de la Puna over the last five years. Work included drilling of three wells, including a pumping well to approximately 600 metres below surface, pumping tests, seismic and TEM geophysical surveys. The drilling was carried out on a portion of the Alma Fuerte, one of the nine 100% owned claims.

The technical information contained in this news release has been reviewed and approved by William Randall, P.Geo, who is a Qualified Person as defined under NI 43-101. As President and Chief Executive Officer of the Company, Mr. Randall is not considered independent.

About Lithium Americas Corp.

Lithium Americas is advancing to production the Caucharí-Olaroz lithium brine project in partnership with Ganfeng in Argentina and developing the Thacker Pass lithium project in Nevada, USA. Lithium Americas is a Canadian-based company listed on both the Toronto Stock Exchange (“TSX”) and New York Stock Exchange (“NYSE”) under the ticker symbol “LAC”, with a market capitalisation of more than $2 billion.

About Ganfeng Lithium Co.

Ganfeng Lithium (1772.HK; OTCQX: GNENF), is one of the world’s leading lithium manufacturers and is listed on the Shenzhen Stock Exchange and on the Hong Kong Stock Exchange (Ticker 1772.HK) since 2018 when it raised US$ 440 million in an IPO. Ganfeng Lithium is a top three lithium compound producer, and the largest producer of lithium metal globally. Ganfeng has a strong presence in Argentina, including a 46.7% ownership in Minera Exar which operates the Caucharí-Olaroz project in Jujuy province.

About Arena Minerals Inc.

Arena owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products.

Arena also owns 80 percent of the Atacama Copper property covering approximately 5,000 hectares within the Antofagasta region of Chile. The project is at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district. Arena holds 5.82 million shares of Astra Exploration Ltd as a result of the sale of its 80% interest in the Pampa Paciencia epithermal gold property, also located in northern Chile, to Astra Exploration Ltd.

To view our website, please visit www.arenaminerals.com. In addition to featuring information regarding the Company, its management, and projects, the site also contains the latest corporate news, a long form text explaining the unique business model of the Company (under the tab "the Company Explained") and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Vice-President Corporate Development, at +1-647-801-7273 or smarcotte@arenaminerals.com.

On behalf of the Board of Directors of: Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muertos or Posits Projects in Argentina, and the Company's ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced that it has entered into an agreement to acquire 42,857,143 subscription receipts of Arena Minerals Inc. (TSX-V: AN) (“Arena Minerals”) in a private placement at C$0.14 per subscription receipt for total consideration of C$6.0 million (US$4.8 million).

The strategic ownership in Arena Minerals will provide Lithium Americas future optionality to advance exploration in Argentina in proximity to the Caucharí-Olaroz lithium project (“Caucharí-Olaroz”), which is being jointly developed by the Company and Ganfeng Lithium Co. Ltd. ("Ganfeng"). Ganfeng also holds a 18.7% equity investment in Arena Minerals. Both Lithium Americas and Ganfeng are expected to leverage their deep technical and operational experience to support Arena Minerals’ exploration and development opportunities in Argentina, including the Sal de la Puna project.

"We look forward to working with Arena Minerals and Ganfeng to support the pursuit of resource exploration opportunities in Argentina," commented Jon Evans, President and CEO. "This investment will allow Lithium Americas to advance our long-term resource development plans, while maintaining our team’s focus on execution at Caucharí-Olaroz and the Thacker Pass project.”

The investment is part of a C$10 million non-brokered private placement of subscription receipts of Arena Minerals (the “Offering”). The proceeds of the Offering will be applied by Arena Minerals to the acquisition of the Sal de la Puna lithium brine project in Salta, Argentina, exploration and development expenditures on the Company's lithium assets and for general corporate purposes. Lithium Americas currently does not hold any securities of Arena Minerals. On closing, assuming completion of the full $10 million offering by Arena Minerals, the Company will own approximately 12.9% (14.6% on a fully diluted basis) of the issued and outstanding shares of Arena Minerals.

Pursuant to the agreement, Lithium Americas has the right (i) to participate in future Arena Minerals financings to maintain its pro rata ownership interest in Arena Minerals; and (ii) to appoint a nominee to the Arena Minerals board of directors. These rights are conditioned on Lithium Americas maintaining an ownership interest in Arena Minerals of 7.5% and 10.0% of Arena Minerals’ share capital, respectively.

Upon closing, each subscription receipt will be exchanged for one common share of Arena Minerals, and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share of Arena Minerals at C$0.25 for a period of 24 months from the date of issuance. If Arena Minerals’ acquisition of Sal de la Puna is not met by August 15, 2021, the proceeds of the Offering will be returned to the holder.

The Company is acquiring the securities for investment purposes. Depending on market conditions and other factors, Lithium Americas may, from time to time, acquire additional common shares, common share purchase warrants or other securities of Arena or dispose of some or all of the common shares, common share purchase warrants or other securities of Arena that it owns at such time. An early warning report will be filed by Lithium Americas on SEDAR at www.sedar.com in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact the Corporate Secretary of Lithium Americas at 778-656-5820 or legal@lithiumamericas.com.

About Arena Minerals
Arena Minerals Inc. (TSX-V: AN) is an exploration-stage lithium company focused on developing brine resources in Argentina. Arena Minerals’ team has extensive experience in lithium exploration and development, including the discovery and development of the Salar de los Angeles lithium brine project in Argentina, which was acquired in 2018 for C$265 million. Arena Minerals owns the Antofalla lithium brine project in Argentina, consisting of claims covering a total of 6,000 hectares in the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena Minerals has recently agreed to acquire the Sal de la Puna project in Salta, Argentina.

About Lithium Americas
Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”.

For further information contact:

Investor Relations
Telephone: 778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com

Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking information, examples of which in this news release include, among other things, statements related to: the Company’s investment in a private placement by Arena Minerals and expected ownership interest upon closing thereof, provided certain conditions to closing are met; the expected benefits to the Company from such investment; any support the Company expects to provide to Arena Minerals to advance its projects; and any future acquisition or disposition of securities of Arena Minerals.

Forward-looking information is based upon a number of factors and assumptions that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information. Such information reflects the Company’s current views with respect to future events and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. These assumptions include, among others: changes to the Company’s current and future business plans and the strategic alternatives available to the Company; stock market conditions generally; demand, supply and pricing for lithium; results of exploration activities and technical reporting by Arena Minerals; current technological trends; a cordial business relationship among the Company, Arena Minerals and Ganfeng; the ability of the Company to fund, advance and develop its projects; and general economic and political conditions in Argentina and other jurisdictions where the Company conducts business.

Additional risks, assumptions and other factors upon which forward-looking information is based, as it pertains to the Company and its properties, are set out in the Company’s management discussion and analysis and most recent annual information form, copies of which are available on SEDAR at www.sedar.com.

Although the Company has attempted to identify important risks and assumptions, given the inherent uncertainties in such forward-looking information, there may be other factors that cause results to differ materially. Forward-looking information is made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to update or revise the forward-looking information contained in this news release, except as required by applicable law. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.

VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, is pleased to announce that it has been added to the VanEck Vectors Rare Earth/Strategic Metals ETF (“REMX”). Standard Lithium was posted to the REMX on June 30, 2021.

Robert Mintak, CEO of Standard Lithium stated that “On the heels of our recent announcement of the approval to list on the NYSE American, inclusion in the REMX is another step in demonstrating the evolution of Standard Lithium as we continue to execute our business plan and provide increased value for our shareholders.”

At market opening on July 13, 2021, Standard Lithium’s common shares will commence trading under the ticker symbol “SLI”, on both TSX Venture Exchange and the NYSE American. This ticker symbol change does not require any action by current shareholders. There is no change in the name or CUSIP of the Company and no consolidation of share capital in connection with the NYSE American listing.

About Standard Lithium Ltd.

Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC – Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.

On behalf of the Board of Standard Lithium Ltd.

Robert Mintak, CEO & Director

For further information, contact Anthony Alvaro at (604) 240 4793

Twitter @standardlithium

LinkedIn https://www.linkedin.com/company/standard-lithium/

Lithium Americas shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

EnerSys ENS stands to benefit from its exposure in diverse end markets, which allows it to neutralize risks associated with a single market with strength across others. In fourth quarter of fiscal 2021 (ended March 2021), the company’s organic revenues grew 4% year over year, on the back of strong end markets in Asia and recovery in end markets across North America and the Middle East and Africa. Improving demand environment across aerospace & defense and lithium-based battery technology end markets bode well for the company.

The company believes in strengthening its businesses through addition of assets. The acquisition of NorthStar (October 2019) has strengthened its position as a provider of the NexSys Thin Plate Pure Lead products. In fiscal 2021 (ended March 2021), the acquisition boosted its revenues by 2%.

It focuses on rewarding shareholders through dividend payments. In fiscal 2021, EnerSys used $29.8 million for paying out dividends. In fiscal 2021, its operating cash flow was $358.4 million, reflecting an increase of 41.4%, on a year-over-year basis. Further improvement in cash flows is likely to effectively support the company's capital-allocation strategies.

However, the company has been experiencing persistent weakness across its Motive Power segment over the past few quarters, owing to the coronavirus outbreak-related challenges. Based on low future demand for motive power batteries, in November 2020, EnerSys approved a plan to close its motive power facility in Hagen, Germany.

Its high-debt profile poses a concern as well. In the last five fiscal years (2017-2021), its long-term debt (net of unamortized debt issuance costs) rose 10.5% (CAGR). At the end of fiscal 2021, the metric remained high at $969.6 million. Any further increase in debt levels can raise the company’s financial obligations.

Image Source: Zacks Investment Research

In the past six months, this Zacks Rank #3 (Hold) stock has returned 7.8% compared with the industry’s growth of 6%.

Stocks to Consider

Some better-ranked stocks from the same space are Eaton Corporation plc ETN, Franklin Electric Co., Inc. FELE and SPX FLOW, Inc. FLOW, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Eaton delivered an earnings surprise of 15.20% in the last reported quarter.

Franklin Electric delivered an earnings surprise of 51.28% in the last reported quarter.

SPX FLOW delivered an earnings surprise of 84.85% in the last reported quarter.

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Vancouver, British Columbia–(Newsfile Corp. – July 12, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") announces that the original news release captioned "International Lithium Announces Measured + Indicated Resource of 6.85 Million Tonnes LCE at Mariana Lithium Brine Project" published on July 8, 2020 contained a typographical error in the table illustrating the updated resource estimate.

Column one of the table contained the heading "Brine Volume* (Mm³)" which should read "Aquifer Volume (Mm³)"
Column two of the table contained the heading "Brine Volume (GL)" which should read "Brine Volume* (GL)"

Below is the corrected news release in its entirety with the relevant updates.

International Lithium Announces Measured + Indicated Resource of 6.85 Million Tonnes LCE at Mariana Lithium Brine Project

Vancouver, B.C. July 8, 2021 International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce an update on its Mariana project in Argentina. As at December 31, 2020 the Company owned 11.243% of the joint venture company owning Mariana called Litio Minera Argentina ("LMA"), and this stake has since then diluted to around 10%, a number which is subject to audit. The Company currently enjoys a back in right to increase its stake in LMA by a further 10%. If exercised, this back in right would increase the Company's stake in LMA to around 20%. The remainder of the shares in LMA are owned by Mariana Lithium Co.Ltd. ("MLC"), a wholly owned subsidiary of Ganfeng Lithium. MLC has also since 2017 been the manager of the Mariana project. The Company currently has no representation on the board of LMA and participates on the management committee only to the extent of its percentage ownership in LMA.

The Company has now received a 300 page report (the "Report") from strategic partner Ganfeng Lithium Co. Ltd., ("GFL") that contains an updated mineral resource estimate for the Mariana lithium brine project (the "Project") located in Salta, Argentina. This Report was not prepared for public NI43-101 reporting standards, and therefore the Company is unable to disclose it fully. However, in the interests of investor transparency and to avoid selective disclosure, we are disclosing the following details from the Report which have already been disclosed in a news release issued by Ganfeng Lithium on 06 July 2021, and/or in a news release by the Salta Government in Argentina on 16 June, 2021.

Highlights from the Report which are already in the public domain are as follows:

The resource estimate contained in the Report, detailed in the table below, includes:

6,854,000 tonnes of lithium carbonate ("Li₂CO₃") equivalent (LCE) in the Measured and Indicated Resource categories, an increase of 55% over the 2019 estimate of 4,410,000 tonnes of Measured and Indicated Resource (Company news release, February 6, 2020)
an additional 1,267,000 tonnes of Li₂CO₃ in the Inferred Resource category
these amount are also now stated as 7,863,000 tonnes of lithium chloride equivalent in the Measured and Indicated Resource categories, and an additional 1,454,000 tonnes of lithium chloride equivalent in the Inferred Resource category

Ganfeng have reported that an Environmental Impact Report approval has been received from the Salta regional government in Argentina for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

The Salta regional government has disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

Report – Mariana Lithium Brine Project, Argentina

Further to previous Company news releases dated March 8, 2017, April 20, 2017, and February 6, 2020, ILC has received the Report for the Mariana lithium brine project containing an update to the resource estimate for the Project. Golder Associates Consulting Ltd. ("Golder") prepared the Report based on an independent lithium brine resource estimate by Geos Mining Minerals Consultants ("Geos") based in Sydney, Australia..

Resource Category	Aquifer Volume (Mm³)	*Brine Volume (GL)**	Brine Density (g/mL)	Li (mg/L)	K (mg/L)	Li (kt)	LCE^# (kt)	LiCl^# (kt)
Measured	17,653	2,648	1.217	315	9,598	833	4,436	5,089
Indicated	9,286	1,393	1.213	326	10,044	454	2,418	2,774
Inferred	4,747	712	1.211	334	10,121	238	1,267	1,454
Measured + Indicated	26,939	4,041	1.215	319	9,752	1,287	6,854	7,863

* Brine volumes are reported using a conservative aquifer average specific yield (SY) of 15%. Due to the nature of brine deposits, it is not relevant to estimate Mineral Resources to a specific cut-off grade. However, a nominal grade cut-off value of 230 mg/L Li has been applied for reporting purposes only.
^# Based on standard conversion rates, and assumes full extraction and conversion.
LCE = Lithium Carbonate Equivalent; conversion factor 5.324 (Ministry of Energy and Mines, British Columbia, Canada).
LiCl = Lithium Chloride; conversion factor 6.1078
NB. Figures have been rounded. Well efficiency and production efficiency are modifying factors to resources and reserves, respectively.

The Qualified Person who prepared the brine resource estimate in the Report is Llyle Sawyer, MAIG of Geos. The effective date for the estimate is 4 June 2021.

Mineral resources are not mineral reserves as defined by the Canadian Institute of Mining and Metallurgy, and the Company cannot guarantee that the resources reported here will be converted to mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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

"This Report highlights what we have always known, that Mariana with now over 7.8 million tonnes Measured and Indicated resource of lithium chloride equivalent is a very large deposit indeed. The key question in future years will be how much of this is capable of being processed economically, and that in turn will depend critically on what technologies are adopted. For now, making use of solar evaporation which is Ganfeng's chosen method detailed in the Report, there is an environmental limit to how much can be extracted without affecting the water levels adversely, and this is why 20,000 tonnes p.a. is the level of environmental approval applied for. It can be hoped that membrane technology or other technologies become suitable technology at Mariana in future years, and that this number can be improved on over time.

I mentioned in my Chairman's Report for the last financials that the board was evaluating its strategic options for the Mariana project. I can now disclose that the board believes that it would be in the best interests of its shareholders to sell its stake in the Mariana project before the Project goes to the next stage of requiring appreciable capital investment. We are conducting a process of talking with possible acquirers of our stake in Mariana, including Ganfeng the majority partner. Shareholders are cautioned that, as with any such discussions, no assurance is possible that the stake will be sold at a price that would reflect the board's view of the economic potential of the salar as a major lithium resource with valuable byproducts such as potassium. Should a suitable price not be agreed, the Company would still enjoy the benefit of a 1% Net Smelter Royalty from Ganfeng on all production from Mariana."

Qualified person

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

About International Lithium Corp.

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

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

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

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

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

Cautionary Statement Regarding Forward-Looking Information

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90053

In this article we are going to estimate the intrinsic value of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by taking the forecast future cash flows of the company and discounting them back to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Don't get put off by the jargon, the math behind it is actually quite straightforward.

We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

See our latest analysis for Sociedad Química y Minera de Chile

The method

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars:

10-year free cash flow (FCF) forecast

	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031
Levered FCF ($, Millions)	US$171.8m	US$395.0m	US$578.7m	US$591.5m	US$603.4m	US$615.5m	US$627.8m	US$640.3m	US$653.1m	US$666.1m
Growth Rate Estimate Source	Analyst x5	Analyst x4	Analyst x3	Analyst x2	Est @ 2.01%	Est @ 2%	Est @ 2%	Est @ 2%	Est @ 1.99%	Est @ 1.99%
Present Value ($, Millions) Discounted @ 7.6%	US$160	US$341	US$465	US$442	US$419	US$398	US$377	US$358	US$339	US$322

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$3.6b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 7.6%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$666m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$12b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$12b÷ ( 1 + 7.6%)¹⁰= US$5.9b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$9.5b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$47.9, the company appears potentially overvalued at the time of writing. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

The assumptions

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Sociedad Química y Minera de Chile as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.030. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Can we work out why the company is trading at a premium to intrinsic value? For Sociedad Química y Minera de Chile, there are three relevant aspects you should consider:

Risks: For example, we've discovered 1 warning sign for Sociedad Química y Minera de Chile that you should be aware of before investing here.
Future Earnings: How does SQM's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.

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.

Passive investing in index funds can generate returns that roughly match the overall market. But investors can boost returns by picking market-beating companies to own shares in. To wit, the EnerSys (NYSE:ENS) share price is 55% higher than it was a year ago, much better than the market return of around 39% (not including dividends) in the same period. That's a solid performance by our standards! Having said that, the longer term returns aren't so impressive, with stock gaining just 26% in three years.

See our latest analysis for EnerSys

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

During the last year EnerSys grew its earnings per share (EPS) by 4.2%. The share price gain of 55% certainly outpaced the EPS growth. So it's fair to assume the market has a higher opinion of the business than it a year ago.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

This free interactive report on EnerSys' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

A Different Perspective

It's nice to see that EnerSys shareholders have received a total shareholder return of 56% over the last year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 10% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 1 warning sign for EnerSys that you should be aware of before investing here.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.

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

Energy Fuels (UUUU) closed at $5.41 in the latest trading session, marking a +1.31% move from the prior day. This move outpaced the S&P 500's daily gain of 1.13%.

Heading into today, shares of the uranium and vanadium miner and developer had lost 22.72% over the past month, lagging the Basic Materials sector's loss of 4.51% and the S&P 500's gain of 2.39% in that time.

UUUU will be looking to display strength as it nears its next earnings release. In that report, analysts expect UUUU to post earnings of -$0.04 per share. This would mark year-over-year growth of 50%. Meanwhile, our latest consensus estimate is calling for revenue of $5.48 million, up 1269.75% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.17 per share and revenue of $18.41 million. These totals would mark changes of +26.09% and +1010.62%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for UUUU. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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. The Zacks Consensus EPS estimate remained stagnant within the past month. UUUU is currently sporting a Zacks Rank of #3 (Hold).

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Investors looking for stocks in the Chemical – Diversified sector might want to consider either Huntsman (HUN) or FMC (FMC). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Huntsman and FMC are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that HUN has an improving earnings outlook. But this is just one factor that value investors are interested in.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

HUN currently has a forward P/E ratio of 9.31, while FMC has a forward P/E of 14.73. We also note that HUN has a PEG ratio of 0.18. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FMC currently has a PEG ratio of 1.34.

Another notable valuation metric for HUN is its P/B ratio of 1.54. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, FMC has a P/B of 4.48.

These are just a few of the metrics contributing to HUN's Value grade of A and FMC's Value grade of C.

HUN sticks out from FMC in both our Zacks Rank and Style Scores models, so value investors will likely feel that HUN is the better option right now.

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BRISBANE, Australia, July 09, 2021 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) advises that production for the June 2021 quarter was 3,300 tonnes of lithium carbonate. Approximately 66% of production was battery grade lithium carbonate which is a significant increase on the June 2020 quarter that was 21% battery grade lithium carbonate.

Sales of Olaroz lithium carbonate during the June 2021 quarter were 2,549 tonnes at US$8,476/tonne FOB¹, with pricing up 45% on the March 2021 quarter. Lithium prices received by Olaroz are now up more than 170% in the last nine months.

Inventory has increased during the June quarter due to COVID-19 related transport delays and the requirement to hold additional safety stock in Japan to guarantee delivery into the Prime Planet Energy and Solutions (PPES) contract.

Full details of June quarter performance will be released in the production report on 22 July 2021 with a management briefing at 10.30am AEST (Sydney, Melbourne, Brisbane) via a webcast available at www.orocobre.com. Written questions may be submitted via the webcast.

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

Authorised by:

Richard S. Anthon
Joint Company Secretary

For more information please contact:

Andrew Barber
Chief Investor Relations Officer
Orocobre Limited
T: +61 7 3871 3985
M: +61 418 783 701
E: abarber@orocobre.com
W: www.orocobre.com

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

Click here to subscribe to the Orocobre e-Newsletter

About Orocobre Limited

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

_________________

¹Orocobre report price as “FOB” (Free On Board) which excludes insurance and freight charges included in “CIF” (Cost, Insurance, Freight) pricing. Therefore, the Company’s reported prices are net of freight (shipping), insurance and sales commission. FOB prices are reported by the Company to provide clarity on the sales revenue that is recognized by SDJ, the joint venture company in Argentina.

DENVER, CO / ACCESSWIRE / July 8, 2021 / Solitario Zinc Corp. (" Solitario ") (NYSE American:XPL); (TSX:SLR ) is pleased to announce that exploration work has commenced on the Lik zinc project in Alaska. Joint Venture partners Solitario (50%) and Teck American Incorporated (50%), a wholly owned subsidiary of Teck Resources Limited ("Teck"), recently approved a jointly funded budget for the 2021 work program that consists of surface geochemical sampling, induced polarization ("IP") geophysics, and at least 2,000 feet of core drilling to test new exploration concepts and expand resources. Teck is one of the world's largest producers of mined zinc.

The Lik project hosts a potentially open-pitable Indicated Resource of 17.3 million tonnes grading 12.0% zinc equivalent and an additional 2.9 million tonnes of Inferred Resource grading 12.1% zinc-equivalent. Potentially underground mineable mineralization also occurs on the property. The project is situated approximately 14 miles northwest of Teck's operating Red Dog mine, one of the world's largest, highest grade and lowest cost zinc mines.

Chris Herald, President and CEO of Solitario, commented, "This is clearly an exciting new phase in the advancement of the Lik project, including the first exploration drilling program in ten years. It comes at a time of increased zinc demand and elevated zinc prices. The drilling program is focused on expanding the Lik resource in three different areas of the existing deposit, while the surface work targets potential new mineralization on trend to the northeast of the Lik deposit."

To take full advantage of Teck's thirty-five years of successful exploration and operational experience in the world-class Red Dog mining district, Solitario and Teck mutually agreed that Teck will act as project operator for the 2021 program. Geochemical sampling has begun with geophysics expected to begin by mid-July. Core drilling is expected to begin in July/August, pending the receipt of final drill permits. The current-year work will consist of the following components:

Systematic geochemical soil sampling over a 2.5-mile trend to the northeast of the Lik deposit expanding recent favorable results.
A geophysical program will consist of a new IP survey and will augment geologic and geochemical data in recently identified prospective areas on trend with Lik to the northeast. IP geophysics have been demonstrated to be very effective in locating zinc mineralization in the Red Dog District.
Core drilling consisting of at least three holes totaling 2,000 feet (650 meters) will test resource expansion potential in three different parts of the currently defined Lik deposit.

The Lik Zinc-Lead Deposit

The Lik deposit is a large sediment-hosted zinc-lead-silver deposit in the Red Dog mining district. As presently defined, the Lik South deposit has a surface footprint of about 3,600 feet long and about 2,000 feet wide. The Lik South deposit remains open down dip. The Lik North deposit has a surface footprint of about 2,300 feet long and about 1,150 feet wide. The Lik North deposit remains open down-dip and to the north. A total of 125,300 feet of drilling in 229 holes has been completed on the Lik property to date.

About Solitario

Solitario is an emerging zinc exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario holds 50% joint venture interest in the high-grade, open-pitable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario's Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$6.9 million. Additional information about Solitario is available online at www.solitariozinc.com.

FOR MORE INFORMATION AT SOLITARIO, CONTACT:

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

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

Cautionary Note to U.S. Investors concerning estimates of Resources: This news release uses the terms "Measured, Indicated and Inferred Resources." The Company advises U.S. investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize the terms. U.S. investors are cautioned not to assume that any part or all of Measured or Indicated Mineral Resources will ever be converted into Reserves. Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies. U.S. investors are cautioned not to assume that any part or all of a measured, indicated orinferred resource exists, or is economically or legally minable.

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws),that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical fact. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. The Company would like to specifically caution the reader that the Lik preliminary economic assessment ("PEA") that supports the technical feasibility or economic feasibility of the Lik zinc deposit, respectively, including the marketability of the concentrate, mining methods, cost, recoveries of metals and any other technical aspects related to the deposits, are preliminary in nature and there is no certainty that the economic estimates in the PEA will be realized. Forward-looking statements involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements include, without limitation, statements regarding the Company's expectation of the projected timing and outcome of engineering studies; expectations regarding the receipt of all necessary permits and approvals to implement a mining plan, if any, at Lik or Florida Canyon; the potential for confirming, upgrading and expanding zinc, lead and silver mineralized material; future operating and capital cost estimates may indicate that the stated resources may not be economic; estimates of zinc, lead and silver grades of resources provided are predicted and actual mining grade could be substantially lower; estimates of recovery rates for could be lower than estimated for establishing the cutoff grade; and other statements that are not historical facts could vary significantly from assumptions made in the PEA; risks associated with our partner, Teck Resources Ltd., ability to finance continued development and potential construction of the Lik project could have a materially negative impact on the timing of project development, and such project development may never occur. Although Solitario management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to risks that Solitario's and its joint venture partners' exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of zinc, lead and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; availability of outside contractors in connection with Lik, and other activities; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; the possibility that environmental laws and regulations will change over time and become even more restrictive; and availability and timing of capital for financing the Company's exploration and development activities, including uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Solitario's filings with the U.S. Securities and Exchange Commission (the " SEC ") including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/654735/Solitario-Zinc-Reports-That-Exploration-Work-Has-Commenced-on-the-Lik-Zinc-Project-Alaska

(Bloomberg) — A group backed by German car-making giants Daimler AG and Volkswagen AG has started a study into the environmental impact of lithium mining in Chile, the second-largest supplier of the key ingredient in rechargeable batteries.

GIZ, the German development agency running the initiative, is looking into how pumping up lithium-laced brine from beneath the Atacama salt flat is impacting local water supplies and communities. The project will last about two and a half years, a spokeswoman said.

It’s the latest effort by the global battery-supply chain to address growing concern among investors and the general public over the sustainability of industries that will produce the building blocks for the clean-energy transformation.

Albemarle Corp. and Soc. Quimica & Minera de Chile SA are ramping up output in the Atacama, which boasts the world’s largest reserves, in response to a projected tripling of global demand. That’s shining a light on the fragility of desert ecosystems once seen as resilient to the method of pumping up brine into massive evaporation pools.

The salt flat is in one of the driest places on Earth, where copper mines, communities and tourism also compete for water.

“There is a lack of consensus regarding the impacts and risks of lithium mining and other economic activity in the region,” the GIZ spokeswoman said.

The initial phase of the Responsible Lithium Partnership initiative is being funded by Daimler, Volkswagen, BASF SE and Fairphone BV. It will seek input from parties such as copper and lithium producers, indigenous communities and authorities. SQM welcomed the initiative, saying it was aligned with its sustainability vision. Both SQM and Albemarle are working to minimize brine and water use.

The partnership may lack teeth and looks like an attempt to boost supply-chain perceptions from a German auto industry that’s facing its own environmental, social and governance issues, said Alonso Barros, a lawyer who works with communities surrounding Chilean lithium operations.

The study is getting underway at a time of heightened scrutiny for mining companies in Chile, where a new constitution is being drafted that could lead to stricter environmental standards.

More stories like this are available on bloomberg.com

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

Vancouver, British Columbia–(Newsfile Corp. – July 8, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce an update on its Mariana project in Argentina. As at December 31, 2020 the Company owned 11.243% of the joint venture company owning Mariana called Litio Minera Argentina ("LMA"), and this stake has since then diluted to around 10%, a number which is subject to audit. The Company currently enjoys a back in right to increase its stake in LMA by a further 10%. If exercised, this back in right would increase the Company's stake in LMA to around 20%. The remainder of the shares in LMA are owned by Mariana Lithium Co. Ltd. ("MLC"), a wholly owned subsidiary of Ganfeng Lithium. MLC has also since 2017 been the manager of the Mariana project. The Company currently has no representation on the board of LMA and participates on the management committee only to the extent of its percentage ownership in LMA.

The Company has now received a 300 page report (the "Report") from strategic partner Ganfeng Lithium Co. Ltd., ("GFL") that contains an updated mineral resource estimate for the Mariana lithium brine project (the "Project") located in Salta, Argentina. This Report was not prepared for public NI 43-101 reporting standards, and therefore the Company is unable to disclose it fully. However, in the interests of investor transparency and to avoid selective disclosure, we are disclosing the following details from the Report which have already been disclosed in a news release issued by Ganfeng Lithium on 06 July 2021, and/or in a news release by the Salta Government in Argentina on 16 June, 2021.

Highlights from the Report which are already in the public domain are as follows:

The resource estimate contained in the Report, detailed in the table below, includes:

6,854,000 tonnes of lithium carbonate ("Li₂CO₃") equivalent (LCE) in the Measured and Indicated Resource categories, an increase of 55% over the 2019 estimate of 4,410,000 tonnes of Measured and Indicated Resource (Company news release, February 6, 2020)
an additional 1,267,000 tonnes of Li₂CO₃ in the Inferred Resource category
these amount are also now stated as 7,863,000 tonnes of lithium chloride equivalent in the Measured and Indicated Resource categories, and an additional 1,454,000 tonnes of lithium chloride equivalent in the Inferred Resource category

Ganfeng have reported that an Environmental Impact Report approval has been received from the Salta regional government in Argentina for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

The Salta regional government has disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

Report – Mariana Lithium Brine Project, Argentina

Resource Category	Brine Volume* (Mm³)	Brine Volume (GL)	Brine Density (g/mL)	Li (mg/L)	K (mg/L)	Li (kt)	LCE^# (kt)	LiCl^# (kt)
Measured	17,653	2,648	1.217	315	9,598	833	4,436	5,089
Indicated	9,286	1,393	1.213	326	10,044	454	2,418	2,774
Inferred	4,747	712	1.211	334	10,121	238	1,267	1,454
Measured + Indicated	26,939	4,041	1.215	319	9,752	1,287	6,854	7,863

* Brine volumes are reported using a conservative aquifer average specific yield (SY) of 15%. Due to the nature of brine deposits, it is not relevant to estimate Mineral Resources to a specific cut-off grade. However, a nominal grade cut-off value of 230 mg/L Li has been applied for reporting purposes only.
^# Based on standard conversion rates, and assumes full extraction and conversion.
LCE = Lithium Carbonate Equivalent; conversion factor 5.324 (Ministry of Energy and Mines, British Columbia, Canada).
LiCl = Lithium Chloride; conversion factor 6.1078.
NB. Figures have been rounded. Well efficiency and production efficiency are modifying factors to resources and reserves, respectively.

The Qualified Person who prepared the brine resource estimate in the Report is Llyle Sawyer, MAIG of Geos. The effective date for the estimate is 4 June 2021.

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

"I mentioned in my Chairman's Report for the last financials that the board was evaluating its strategic options for the Mariana project. I can now disclose that the board believes that it would be in the best interests of its shareholders to sell its stake in the Mariana project before the Project goes to the next stage of requiring appreciable capital investment. We are conducting a process of talking with possible acquirers of our stake in Mariana, including Ganfeng the majority partner. Shareholders are cautioned that, as with any such discussions, no assurance is possible that the stake will be sold at a price that would reflect the board's view of the economic potential of the salar as a major lithium resource with valuable byproducts such as potassium. Should a suitable price not be agreed, the Company would still enjoy the benefit of a 1% Net Smelter Royalty from Ganfeng on all production from Mariana."

Qualified Person

About International Lithium Corp.

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

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

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

Cautionary Statement Regarding Forward-Looking Information

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89725

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