Figure 1: Location of Geological Traces

Figure 1: Location of Geological Traces

Figure 2: Exploration Diamond Core Holes – Major Drilling

Figure 2: Exploration Diamond Core Holes – Major Drilling

Figure 3: Lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea, $/kg (midpoint)

Figure 3: Lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea, $/kg (midpoint)

VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) is pleased to provide a Maricunga lithium resource expansion and finance activities update as announced by Minera Salar Blanco (“MSB”).

HIGHLIGHTS

• The latest drilling program on the Stage One mining concessions has been completed, with five exploration core holes (S-25, S-26, S-27, S-28 and S-29) each reaching target depth of 400m.

• Positive average lithium concentrations of 989 mg/l and a maximum of 3,375 mg/l, which confirm Maricunga as one of the richest deposits in Chile.

• Significant resource expansion expected for Stage One after the new drilling program tested the 200-400m mineralised zone.

• DFS update continues by Worley, GEA Messo and Atacama Waters.

• Preliminary indications of interest received from international financial institutions and private funds for debt financing and future equity financing of the project.

• Finance process will continue in coming months, with the Mitsui agreement announced on May 15 for Off-Take and Funding of the Stage One serving as a solid base.

• Review and certification processes initiated for ESG protocols. Proposals from specialised advisors are expected during Q3 to review all project information along with carbon footprint metrics.

As announced on 27 January 2021, the Company commenced additional exploration at the Maricunga Salar as part of the updated DFS for its Stage One Project with the aim of expanding the current Measured + Indicated (M+I) resource. This currently is measured from near surface to 200m depth, but recent drilling will also include the interval between 200m and 400m.

MSB has completed additional five diamond core holes to the target depth of 400m as scheduled. As a result, the resource update for the Stage One mining concessions will be based on:

• 5,257m drilled within 41 wells.

• 3 production wells and 4 long term pumping tests (more than 60 days in total).

• 1,194 brine samples analysed by Andes Analytical Assay, the University of Antofagasta in Chile and Norlab in Argentina.

• 501 undisturbed core samples taken for drainable porosity tests which were sent to Geosystems Analysis (GSA), Daniel B. Stephens and Associates, Corelabs and the British Geological Survey.

Positive results with average lithium concentrations of 989 mg/l and maximum values of 3,375 mg/l are shown in Table 1 below.

Table 1: Average Lithium and Potassium concentrations

Positive lithium/calcium/magnesium ratios have confirmed the world class nature of the Maricunga deposit (Table 2).

Table 2: Average lithium/calcium/magnesium ratios

Location of the different exploration and production wells, as well as of the geological traces are shown on Figure 1 below.

Figure 1: Location of Geological Traces is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/77afb36a-4261-41d1-81d1-77eabd4c4c5f

A new Resource (M+I) estimate is in process, including the additional information to 400m depth, using SGeMS software as a base for the new Reserve estimate update which will be part of the updated DFS for Stage One. A significant resource expansion is expected to be between the range of 1.5x to 1.8x the 2019 values¹.

_______________
¹ Maricunga Definitive Feasibility Study (DFS), January 22^nd, 2019

Figure 2: Exploration Diamond Core Holes – Major Drilling is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b5670be-6c99-4769-bc91-8025b44a628c

The DFS update continues to advance as planned by Worley (Engineering) and GEA Messo (Production Process). Several opportunities for optimisation have been identified in the engineering, with potential reduction also in the CAPEX of the project.

The Company has advanced further on its production process with significant efficiency increases. As part of the finance and commercial activities, new samples of high-quality battery grade Lithium Carbonate will be produced at GEA Labs in France for review by off-takers after the Basic Engineering is completed by the end of September. Purity is expected to be significantly higher compared with the original samples produced in 2018. They showed a 99.5% purity. Such an outcome would allow the Company to reach a wider spectrum of customers with different quality requirements in the future.

Financing activities have continued, with the Mitsui agreement for off-take and funding serving as a solid base.

A recovery in lithium prices, especially for battery grade lithium carbonate, along with the off-take agreed with Mitsui have had a positive impact on the expected level of leverage the project could support. The Company is now targeting a 50 per cent leverage for the project with a lower cost debt structure.

Lithium carbonate battery grade is now trading at $US14,000 per tonne in China, Japan and Korea, as shown below in Figure 3.

Figure 3: Lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea, $/kg (midpoint) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f122894-2987-41f4-bdb5-aa6c5077ccf0

As EV roll-out intensifies and electrification becomes a significant focus for governments, the scrutiny of lithium producers’ initiatives to minimise environmental impacts have been growing.

Sustainability has always been the centre of the Maricunga project. The company has made important efforts to become one of the first Zero Emission lithium brine producers. That includes minimising the water consumption of the production process design (self-producing more than 30 per cent of water used); using electricity only produced by solar generators through long term power purchase agreements; and having strict protocols to ensure any negative impact on the area have provided an opportunity to set a high standard in the industry. Additionally, the social aspect has been important

to the Maricunga project, having received open and ongoing support from both indigenous and civilian communities. All of these aspects have been widely recognised by the Chilean authorities.

The Company has initiated the process to review and certify its Environmental Social and Governance protocols. Proposals from specialised advisors are expected to be received during Q3 for the review of all the project information, as well as its carbon footprint metrics.

MSB’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are pleased with the positive results to date. We look forward to continuing advancement on all fronts as we progress the Maricunga Stage One project towards a successful outcome.”

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.35% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 60 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BEARING LITHIUM BOARD

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

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

Cautionary Statements Regarding Forward Looking Information

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

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

Trading Expected to Commence on July 13, 2021

VANCOUVER, British Columbia, July 08, 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, announces that it has received approval to list its outstanding common shares on the NYSE American, LLC (the “NYSE American”).

Trading is expected to commence on the NYSE American at the open of markets on July 13, 2021 under the ticker symbol “SLI”. Trading on the OTCQX will cease concurrent with the NYSE American listing. The common shares of the Company will continue to trade on the TSX Venture Exchange under the new ticker symbol “SLI” concurrent with the NYSE American listing.

Robert Mintak, Chief Executive Officer of the Company, stated: “We are pleased to announce and privileged to receive approval for Standard Lithium to be listed on the NYSE American. This is a significant achievement for the Company. We believe the listing will greatly enhance Standard Lithium’s profile with US capital markets, increasing exposure to a larger and more diverse group of institutional and retail investors. It is also important to highlight that we achieved this milestone without a share consolidation.”

Dr Andy Robinson, President and Chief Operating Officer said: “This is an important step-up for Standard Lithium. Our team is working hard to becoming the next lithium producer in the United States while also demonstrating that with the right approach, extraction and sustainability are not exclusive of each other. This listing on the NYSE is a crucial step in growing the Company and will help us in hitting the important project and corporate goals over the coming quarters.”

Existing shareholders of the Company are not required to take any action in connection with the change in ticker symbol or the listing on NYSE American. Shareholders trading on the existing OTCQB platform will be able to trade on the NYSE American following completion of the listing.

About Standard Lithium Ltd.

Standard Lithium is an innovative technology and lithium development company. The Company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The Company has commissioned its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess's south plant facility in southern Arkansas. The demonstration plant utilizes the company's proprietary LiSTR technology to selectively extract lithium from Lanxess's tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino county, California.

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/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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MONTREAL, July 07, 2021 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce the commencement of a 2,500-metre diamond drill program on its Cheechoo gold property in Eeyou Istchee James Bay, Quebec. In addition to definition drilling, the program will test exploration targets outside of the limits of the Cheechoo gold deposit, as well as a target at depth on the extension of the deposit itself.

From south to north, the first hole will be the deepest of the entire campaign, targeting a possible lateral extension of the Cheechoo deposit to the southeast. The second hole will test the extension of a zone defined by 0.9 g/t Au over 15.7 m (including 1.2 g/t Au over 8.1 m) from hole 129 (ref: press release 04/24/2018) hosted in the meta-graywackes, outside of the limits of the currently defined gold resource that are hosted in the tonalite. A newly identified gold-bearing zone could thus be defined solely hosted in the meta-sedimentary rocks.

Several definition holes will also be drilled in the central-eastern part of the deposit. Finally, five to seven holes, located approximately 2.5 km north of the currently defined deposit, will target a gold-arsenic soil anomaly located up-ice of a till anomaly.

The diamond drilling is being carried out by Synee Drilling Inc. a company majority owned by the Tawish Development Corporation of the Wemindji Cree Nation. In addition to Synee Drilling's diamond drill rig, a second reverse circulation (RC) drill rig, operated by Boart Longyear, will arrive at the Cheechoo site in the near future to complete an additional 7,500 metre definition drilling program.

The scientific and technical content of this press release has been reviewed and approved by Dominique Doucet, P.Eng. President and CEO of Sirios Resources Inc. and Jordi Turcotte, P.Geo., Senior Geologist, Qualified Persons as defined by NI 43-101.

Two images accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/6a1f6ab6-07f7-4fae-9722-a2917908dca9

https://www.globenewswire.com/NewsRoom/AttachmentNg/19a75e8d-3890-4214-9b11-f0e1e8a677de

About the Cheechoo Property
The Cheechoo gold property, wholly-owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore gold mine. The latest resource estimate for the Cheechoo project (October 2020) estimated an inferred resource of 2.0 million ounces of gold contained in 93.0 million tonnes of rock at an average grade of 0.65 g/t Au, with significant potential to increase this resource.¹

About Sirios
A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada, Sirios Resources Inc. is focusing primarily on its Cheechoo gold discovery, while actively exploring for the gold potential of its other properties.

Forward-Looking Statements:
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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

Contact :
Dominique Doucet, President, CEO, Eng.
Tel. : (514) 918-2867
ddoucet@sirios.com
website : www.sirios.com

¹ BBA, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020

Vancouver, British Columbia–(Newsfile Corp. – July 7, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has started its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland. 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.

Drilling is currently underway, with drill hole GP21-149 being an in-fill hole in the west region of the Jaclyn Main Zone. The objective of this hole 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. Because part of the vein is near surface, the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50 per tonne and processing costs of US$25.00 per tonne were used together with a gold price of US$1,300 per ounce. All resources were classified as inferred because of the relatively wide spacing of drill holes through most of the zone.

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, a volcano-sedimentary terrane. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. at the Valentine Gold Project, Sokoman Minerals Corp. at the Moosehead Gold Project and New Found Gold Corp. at the Queensway Project. 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.

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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/89649

PHILADELPHIA, July 7, 2021 /PRNewswire/ —

FMC Corporation (NYSE: FMC), an agricultural sciences company, announced the Delhi High Court today granted the company an interim injunction against NATCO Pharma Limited ("Natco"). The interim injunction restrains Natco from manufacturing, using, distributing, advertising, exporting, offering to sell and/or selling any product which contains chlorantraniliprole, FMC's leading insect control active ingredient.

FMC filed the lawsuit against Natco at the Delhi High Court in October 2019 for potential patent infringement of certain Indian patents covering chlorantraniliprole. FMC sells chlorantraniliprole in India under the trade name Rynaxapyr^® active, which is the primary ingredient in Coragen^® and Ferterra^® insecticides.

Coragen^® and Ferterra^® insecticides are approved for controlling pests on rice, sugarcane, vegetables, maize as well as other important crops. These insecticides and their patented active ingredients are well known by farmers and recognized for their favorable safety and environmental profile, which has earned them a green label from India's regulatory body.

"FMC Corporation invests heavily in research and development to bring new innovations to farmers throughout India and around the world. We are deeply committed to ensuring farmers use genuine crop protection products from legitimate sources," said Michael Reilly, executive vice president, general counsel and secretary of FMC. "We will pursue all appropriate measures as permitted under Indian laws to aggressively defend FMC's intellectual property and safeguard farmers' interests."

For more than three decades, FMC has provided India proprietary insect, disease and weed control technologies to ensure that India's farmers have access to world-class product technologies, in support of the country's aspiration to be the world's leading agricultural producer. The company employs more than 600 people in India and operates six facilities throughout the country including an Innovation Center in Hyderabad.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically without compromising safety or the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn^® and Twitter^®.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-granted-interim-injunction-against-agricultural-chemicals-manufacturer-natco-for-patent-infringement-301326819.html

SOURCE FMC Corporation

Figure 1.

Location of reported channel samples

Figure 2.

Plan map of reported results

TORONTO, July 06, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) announces results from 3 further channel samples taken at the Glade West Showing as part of its ongoing mechanized stripping and channel sampling program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario. Highlights include channel AGT-21-004B returning 8.91 g/t gold over 1.60 m, including 17.50 g/t gold over 0.80 m.

The channel sampling at Glade continues to show high-grade gold in a set of shears with quartz veins and gold mineralization comparable to the discovery holes (see May 13, 2021, and June 8, 2021 news releases). The collar of hole AG-21-096 is located approximately 40 m W-NW from the new channel samples. The gold mineralization observed at Glade is also similar to that intersected at the Scadding Mine, 800 m north of Glade. Further assay results from channel sampling are pending, and a diamond drilling program is planned to follow.

Mia Boiridy, President and CEO, comments, “Our surface exploration program continues to uncover new mineralized structures and extends the known footprint of gold mineralization in the Glade area. As we observed in our discovery holes and at the Scadding Mine, our results suggest that gold mineralization at Glade West occurs in networks of mineralized shear zones and quartz tension veins associated with iron-rich chlorite. The similarities between the mineralization observed at Glade West, Glade East, 225 m away and the Scadding Deposit, 800 m north, could indicate a large system at play in this area. Our systematic sampling of the 9 trenches uncovered is mapping the geometry of the near-surface gold system and guiding our upcoming drilling program.”

Table 1. Reported channel sampling assay results

*Assay results are presented over the apparent length of the channel samples. Additional work is necessary to define the true width of the zone of mineralization.

Channel sampling detail
Gold mineralization at Glade West is associated with shear zones of different orientations that host networks of gold mineralized, multidirectional and variably spaced quartz tension veins with variable Fe-chlorite.

Channels AGT-21-004A and AGT-21-004B tested the gold content of an anastomosing network of shear zones, one with an ENE orientation and a prevailing NNE orientated shear. Each shear zone contains networks of deformed quartz veins that are variably mineralized in gold.

Channel AGT-21-003A tested a network of quartz veins deformed and transposed into an ENE-oriented shear zone.

Mineralization and deformation are concentrated in the Nipissing intrusion at its northern contact with the Bruce conglomerate along its southern contact with the Espanola limestone. Visible gold was observed in many quartz veins in both holes AG-21-096 and AG-21-097 and in the channel samples taken at Glade East. Surface work at the Glade East showing confirmed similar mineralization 225 m east of the Glade West discovery.

In some quartz veins, visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West Showing is similar to the association between iron-chlorite and gold at the Scadding Deposit.

Figure 1. Location of reported channel samples

https://www.globenewswire.com/NewsRoom/AttachmentNg/733152ae-2d09-433e-bd55-c65668b8175c

Figure 2. Plan map of reported results

https://www.globenewswire.com/NewsRoom/AttachmentNg/b5dc1a10-53da-4184-bb45-3aea70a7ff42

Table 2. Coordinates of reported channel samples

Alkin-Glade
The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization – the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins were reported historically.

The historical Alkin gold mine is located 2.3 km W-NW of the Glade showings. At the Alkin Mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and may not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that the qualified person has not validated the accuracy of the historical results.

Qualified Person
Jean-François Montreuil, P.Geo., Chief Geologist of MacDonald Mines, is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for preparing, supervising, and approving this news release's scientific and technical content.

On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Channel samples were transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The samples transported to Actlabs were dropped in rice bags with security seals by Manitoulin Transport. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

MacDonald has implemented a quality-control program to comply with best practices in sampling and analyzing channel samples. As part of its QA/QC program, MacDonald inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates. All samples over 10 g/t gold or with visible gold are analyzed using a 1 kg metallic screen.

Upcoming Webinar
MacDonald Mines is providing an opportunity for shareholders and other interested parties to participate in a webinar on Monday, July 12, 2021, at 4:00 pm EDT. To register, click on the following link: https://zoom.us/webinar/register/WN_YyI9vEAfTL2W1JC7rAUOLQ

After registering, you will receive a confirmation email containing information about joining the webinar.

COVID-19 Precautions
MacDonald Mines has developed and implemented precautions and procedures that are compliant with Ontario’s health guidelines. Strict protocols are in place to ensure the safety of all staff, thereby reducing the potential for community contact and spreading of the virus.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK".

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,930 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Mia Boiridy, President & CEO, (250) 575-3305, mboiridy@macdonaldmines.com

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.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Is Albemarle Corporation (NYSE:ALB) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.

Albemarle Corporation (NYSE:ALB) was in 31 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 40. ALB investors should pay attention to an increase in hedge fund sentiment recently. There were 21 hedge funds in our database with ALB positions at the end of the fourth quarter. Our calculations also showed that ALB isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). We have been able to outperform the passive index funds by tracking the moves of corporate insiders and hedge funds, and we believe small investors can benefit a lot from reading hedge fund investor letters and 13F filings.

Matthew Hulsizer of PEAK6 Capital Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind we're going to check out the key hedge fund action surrounding Albemarle Corporation (NYSE:ALB).

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

At first quarter's end, a total of 31 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 48% from the fourth quarter of 2020. On the other hand, there were a total of 24 hedge funds with a bullish position in ALB a year ago. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

More specifically, Renaissance Technologies was the largest shareholder of Albemarle Corporation (NYSE:ALB), with a stake worth $77.4 million reported as of the end of March. Trailing Renaissance Technologies was Millennium Management, which amassed a stake valued at $48.3 million. Citadel Investment Group, Adage Capital Management, and PEAK6 Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Axel Capital Management allocated the biggest weight to Albemarle Corporation (NYSE:ALB), around 6.75% of its 13F portfolio. Value Star Asset Management is also relatively very bullish on the stock, earmarking 3.4 percent of its 13F equity portfolio to ALB.

As aggregate interest increased, key money managers have jumped into Albemarle Corporation (NYSE:ALB) headfirst. Renaissance Technologies, assembled the largest position in Albemarle Corporation (NYSE:ALB). Renaissance Technologies had $77.4 million invested in the company at the end of the quarter. Ray Dalio's Bridgewater Associates also initiated a $15.6 million position during the quarter. The other funds with new positions in the stock are Andrew Casino's Baymount Management, Ken Griffin's Citadel Investment Group, and Peter Muller's PDT Partners.

Let's go over hedge fund activity in other stocks – not necessarily in the same industry as Albemarle Corporation (NYSE:ALB) but similarly valued. These stocks are Rollins, Inc. (NYSE:ROL), Raymond James Financial, Inc. (NYSE:RJF), Ally Financial Inc (NYSE:ALLY), Viatris Inc. (NASDAQ:VTRS), Tradeweb Markets Inc. (NASDAQ:TW), Qualtrics International Inc. (NASDAQ:XM), and Jacobs Engineering Group Inc. (NYSE:J). This group of stocks' market caps are closest to ALB's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position ROL,30,643375,2 RJF,33,749300,-1 ALLY,51,2804131,-6 VTRS,58,1825444,-9 TW,26,311809,-5 XM,37,1247053,37 J,24,995619,-6 Average,37,1225247,1.7 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 37 hedge funds with bullish positions and the average amount invested in these stocks was $1225 million. That figure was $263 million in ALB's case. Viatris Inc. (NASDAQ:VTRS) is the most popular stock in this table. On the other hand Jacobs Engineering Group Inc. (NYSE:J) is the least popular one with only 24 bullish hedge fund positions. Albemarle Corporation (NYSE:ALB) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for ALB is 43.5. 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. 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 22.8% in 2021 through July 2nd and beat the market by 6 percentage points. A small number of hedge funds were also right about betting on ALB, though not to the same extent, as the stock returned 17.1% since the end of Q1 (through July 2nd) and outperformed the market.

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VANCOUVER, BC / ACCESSWIRE / July 6, 2021 / Great Atlantic Resource Corp. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce it commenced diamond drilling at its Golden Promise Gold Property, located in the central Newfoundland gold belt.

This is a resumption of Phase 2 diamond drilling at the gold bearing Jaclyn Zone, specifically at the Jaclyn Main Zone and Jaclyn North Zone. The first drill hole of the 2021 program in being drilled at the Jaclyn Main Zone.

The current Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes planned at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ) with total planned drilling of approximately 5,000 meters. Drilling is currently underway on dill hole GP21-149, an in-fill hole in the west region of the JMZ. The objective of this hole and subsequent planned drill holes 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.

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 Phase 2 drilling at the JNZ will further test the area east of historic drill holes including the area of an approximately 300 meters long zone of gold-bearing quartz vein boulders. Three drill holes completed by the Company during late 2020 Phase 2 drilling intersected gold bearing quartz veins and extended the JNZ quartz vein system approximately 260 meters 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 / tonne (g/t) gold) and 2020 (including samples returning 17.4, 26.7 and 157.6 g/t gold).

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

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

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director

Investor Relations:

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

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.

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.

SOURCE: Great Atlantic Resource Corp.

View source version on accesswire.com:
https://www.accesswire.com/654317/Great-Atlantic-Resources-Commences-Diamond-Drill-Program–Golden-Promise–Central-Newfoundland

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the fourth quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 6 years and analyze what the smart money thinks of FMC Corporation (NYSE:FMC) based on that data.

Is FMC a good stock to buy? FMC Corporation (NYSE:FMC) investors should pay attention to a decrease in hedge fund sentiment recently. FMC Corporation (NYSE:FMC) was in 32 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 46. There were 45 hedge funds in our database with FMC positions at the end of the fourth quarter. Our calculations also showed that FMC isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

If you'd ask most traders, hedge funds are viewed as worthless, outdated investment tools of years past. While there are greater than 8000 funds in operation at present, Our experts look at the aristocrats of this club, approximately 850 funds. These money managers have their hands on the majority of the hedge fund industry's total capital, and by monitoring their matchless investments, Insider Monkey has discovered many investment strategies that have historically outrun the market. Insider Monkey's flagship short hedge fund strategy outrun the S&P 500 short ETFs by around 20 percentage points annually since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .

Larry Robbins of Glenview Capital

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to view the latest hedge fund action regarding FMC Corporation (NYSE:FMC).

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

At first quarter's end, a total of 32 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -29% from the previous quarter. By comparison, 39 hedge funds held shares or bullish call options in FMC a year ago. With the smart money's positions undergoing their usual ebb and flow, there exists an "upper tier" of notable hedge fund managers who were adding to their holdings significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, D E Shaw, managed by D. E. Shaw, holds the number one position in FMC Corporation (NYSE:FMC). D E Shaw has a $116.8 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Cardinal Capital, led by Amy Minella, holding a $108.2 million position; the fund has 2.6% of its 13F portfolio invested in the stock. Some other peers that hold long positions contain Larry Robbins's Glenview Capital, Ross Turner's Pelham Capital and Charles Paquelet's Skylands Capital. In terms of the portfolio weights assigned to each position Pelham Capital allocated the biggest weight to FMC Corporation (NYSE:FMC), around 5.14% of its 13F portfolio. Lodge Hill Capital is also relatively very bullish on the stock, earmarking 4.79 percent of its 13F equity portfolio to FMC.

Because FMC Corporation (NYSE:FMC) has experienced a decline in interest from the smart money, we can see that there exists a select few fund managers that slashed their full holdings in the first quarter. At the top of the heap, Alexander Mitchell's Scopus Asset Management said goodbye to the largest position of all the hedgies monitored by Insider Monkey, comprising an estimated $21.9 million in stock. Zilvinas Mecelis's fund, Covalis Capital, also sold off its stock, about $21.8 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest dropped by 13 funds in the first quarter.

Let's go over hedge fund activity in other stocks similar to FMC Corporation (NYSE:FMC). These stocks are Domino's Pizza, Inc. (NYSE:DPZ), Fair Isaac Corporation (NYSE:FICO), Equitable Holdings, Inc. (NYSE:EQH), argenx SE (NASDAQ:ARGX), Agnico Eagle Mines Limited (NYSE:AEM), DENTSPLY SIRONA Inc. (NASDAQ:XRAY), and Sociedad Química y Minera de Chile S.A. (NYSE:SQM). This group of stocks' market caps are similar to FMC's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position DPZ,29,2176091,-8 FICO,27,1355293,-11 EQH,44,1699164,-2 ARGX,27,1375874,5 AEM,28,247180,-8 XRAY,26,1218918,-2 SQM,16,142465,2 Average,28.1,1173569,-3.4 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 28.1 hedge funds with bullish positions and the average amount invested in these stocks was $1174 million. That figure was $500 million in FMC's case. Equitable Holdings, Inc. (NYSE:EQH) is the most popular stock in this table. On the other hand Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is the least popular one with only 16 bullish hedge fund positions. FMC Corporation (NYSE:FMC) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for FMC is 41.4. 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 22.8% in 2021 through July 2nd and beat the market again by 6 percentage points. Unfortunately FMC wasn't nearly as popular as these 5 stocks and hedge funds that were betting on FMC were disappointed as the stock returned -1.5% since the end of March (through 7/2) 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.

Get real-time email alerts: Follow Fmc Corp (NYSE:FMC)

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BRISBANE, Australia, July 04, 2021 (GLOBE NEWSWIRE) — Galaxy Resources Limited (ASX: GXY) (Galaxy) and Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre) are pleased to provide an update on the proposed merger pursuant to which Orocobre will acquire all of the shares in Galaxy (Galaxy Shares) by way of a scheme of arrangement (Scheme).

Court approval

The Supreme Court of Western Australia (Court) has today made orders:

• that Galaxy convene a meeting of shareholders (Galaxy Shareholders) to consider and vote on the Scheme (Scheme Meeting); and

• approving the dispatch of an explanatory statement providing information about the Scheme, together with the Notice of Scheme Meeting (Scheme Booklet) to Galaxy Shareholders.

Scheme Booklet

The Scheme Booklet will be released to ASX and sent to Galaxy Shareholders following registration with the Australian Securities and Investments Commission (ASIC). It will also be available on Galaxy's website at www.gxy.com.

The Scheme Booklet will be dispatched to Galaxy Shareholders by Wednesday, 7 July 2021. Galaxy Shareholders who have elected to receive electronic communications from Galaxy will receive an email containing instructions about how to view or download a copy of the Scheme Booklet, as well as instructions on how to lodge their proxies and opt-in notices. Galaxy Shareholders who have not elected to receive communications electronically will receive a letter (sent by post), together with their personalised proxy form and opt-in notice, containing instructions about how to view or download a copy of the Scheme Booklet (or request a hard copy of it).

Galaxy Shareholders should carefully read the Scheme Booklet in its entirety, including the materials accompanying it, before deciding whether to vote in favour of the Scheme. If after reading the Scheme Booklet you have any questions about the Scheme or the Scheme Booklet, please contact the Galaxy Shareholder Information Line on 1300 034 153 (within Australia) or +61 3 9415 4875 (outside Australia) between 8.30 am and 5.30 pm (AEST), Monday to Friday (excluding public holidays).

Directors' recommendation and Independent Expert's Report

The Scheme Booklet will include a copy of the independent expert's report prepared by Deloitte Corporate Finance Pty Ltd (Independent Expert), which concludes that the Scheme is fair and reasonable, and in the best interests of Galaxy Shareholders, in the absence of a superior proposal for Galaxy.

The Scheme continues to be unanimously recommended by each director of Galaxy (Galaxy Director), subject to no superior proposal emerging for Galaxy and the Independent Expert continuing to conclude that the Scheme is in the best interests of Galaxy Shareholders. Each Galaxy Director intends to vote, or procure the voting of, all Galaxy Shares held or controlled by them in favour of the Scheme, subject to those same qualifications.

Scheme Meeting

The Scheme Meeting, at which Galaxy Shareholders will vote on the proposed Scheme, will be held at 10.00 am (AWST) on Friday, 6 August 2021, at the Karingal Room, the Melbourne Hotel, 33 Milligan Street, Perth WA 6000.

Galaxy Shareholders can also attend the Scheme Meeting online via a live webcast. Details of how to access the live webcast and participate in the Scheme Meeting online will be contained in the notice of meeting included in the Scheme Booklet, and the Lumi Online Meeting Guide which is included in the notice of meeting and is also available at www.edocumentview.com.au/GXYlumiguide.

All registered Galaxy Shareholders as at 5.00 pm (AWST) on Wednesday, 4 August 2021 will be eligible to vote at the Scheme Meeting.

Scheme Timetable

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

Note: All times and dates in the above timetable are references to the time and date in Perth, Western Australia (AWST). All dates following the date of the Scheme Meeting are indicative only and, among other things, are subject to all necessary approvals from the Supreme Court of Western Australia and each other condition precedent to the Scheme being satisfied or waived. Galaxy reserves the right to vary the times and dates set out above. Any changes to the above timetable will be announced on ASX and notified on Galaxy's website at www.gxy.com. Galaxy will continue to update Galaxy Shareholders as to any material developments in relation to the Scheme as the timetable progresses.

IMPORTANT NOTICES

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

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

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

Forward Looking Statements

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

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

Not for release or distribution in the United States

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

TSX matters

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

BRISBANE, Australia, July 05, 2021 (GLOBE NEWSWIRE) — Galaxy Resources Limited (ASX: GXY) (Galaxy) and Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre) refer to the announcement made on 2 July 2021 in relation to:

• its proposed merger with Orocobre pursuant to which Orocobre will acquire all of the shares in Galaxy (Galaxy Shares) by way of a scheme of arrangement (Scheme); and

• the orders made by the Supreme Court of Western Australia convening a meeting of shareholders of Galaxy (Galaxy Shareholders) to consider and vote on the Scheme (Scheme Meeting) and approving the dispatch of an explanatory statement providing information about the Scheme, together with the Notice of Scheme Meeting (Scheme Booklet) to Galaxy Shareholders.

Scheme Booklet

Galaxy is pleased to confirm that the Australian Securities and Investments Commission (ASIC) has today registered the Scheme Booklet. A copy of the Scheme Booklet is attached to this announcement and will also be made available on Galaxy's website at www.gxy.com.

The Scheme Booklet will be dispatched to Galaxy Shareholders by Wednesday, 7 July 2021 in the manner described in Galaxy's announcement made on 2 July 2021.

Galaxy Shareholders should carefully read the Scheme Booklet in its entirety, including the material accompanying it, before deciding whether to vote in favour of the Scheme. If after reading the Scheme Booklet you have any further questions about the Scheme or the Scheme Booklet, please contact the Galaxy Shareholder Information Line on 1300 034 153 (within Australia) or +61 3 9415 4875 (outside Australia), between 8.30 am and 5.30 pm (AEST), Monday to Friday (excluding public holidays).

Directors' Recommendation and Independent Expert's Report

The Scheme Booklet includes a copy of the independent expert’s report prepared by Deloitte Corporate Finance Pty Limited (Independent Expert), which concludes that the Scheme is fair and reasonable, and in the best interests of Galaxy Shareholders, in the absence of a superior proposal for Galaxy.

The Scheme continues to be unanimously recommended by each director of Galaxy (Galaxy Director), subject to no superior proposal emerging for Galaxy and the Independent Expert continuing to conclude that the Scheme is in the best interests of Galaxy Shareholders. Each Galaxy Director intends to vote, or procure the voting of, all Galaxy Shares held or controlled by them in favour of the Scheme, subject to those same qualifications.

Scheme Meeting

The Scheme Meeting, at which Galaxy Shareholders will vote on the proposed Scheme, will be held at 10.00 am (AWST) on Friday, 6 August 2021, at the Karingal Room, the Melbourne Hotel, 33 Milligan Street, Perth WA 6000.

Galaxy Shareholders can also attend the Scheme Meeting online via a live webcast. Details of how to access the live webcast and participate in the Scheme Meeting online are contained in the notice of meeting included in the Scheme Booklet, and the Lumi Online Meeting Guide which is included in the notice of meeting and is also available at www.edocumentview.com.au/GXYlumiguide.

All Galaxy Shareholders registered as at 5.00 pm (AWST) on Wednesday, 4 August 2021 will be eligible to vote at the Scheme Meeting.

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

For more information

IMPORTANT NOTICES

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

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

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

Forward Looking Statements

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

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

Not for release or distribution in the United States

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

TSX matters

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

(Bloomberg) — A doctor said Anglo American Plc was aware of the danger lead poisoning posed to employees and commissioned a study into its impact in a community close to a Zambian mine where he worked.

The claim bolsters a lawsuit in which a group of Zambian women and children allege Anglo caused widespread lead poisoning from the Broken Hill mine it had a stake in until 1974 in the northern city of Kabwe. They are demanding compensation and a clean-up of the area.

Anglo said while it had an interest in the mine it wasn’t the owner or operator, without giving more precise detail. “Conflating Zambia Broken Hill Development Company with Anglo American is simply incorrect,” it said.

“The mine management were certainly aware of the risk of lead poisoning to its employees, the blood levels of all staff were checked regularly,” Ian Lawrence, who worked as a medical officer at the mine in 1969 and 1970, said in a supplementary affidavit that’s been added to the case. “I became deeply concerned at the number of deaths amongst children under the age of five in the residential township where local employees lived.”

Lawrence’s affidavit was submitted in April, six months after the case was brought to South Africa’s High Court. He said the delay was because it was not feasible to visit a notary public in the midst of the coronavirus pandemic.

READ: Anglo American Sued for Lead Poisoning in Zambia Mining Town

“The invariably high levels convinced me that the problem was very serious,” he said. Lawrence said contaminated dust from the mine blew into the township where, in addition to being breathed in, it settled on gravel where children played, and contaminated foodstuffs and cooking utensils. Lawrence, who now lives in England, said he didn’t understand why an investigation hadn’t been carried out and oversaw the taking of about 500 blood samples to test for lead contamination.

Within the month of him submitting his findings to management, a Professor Lane and Dr. King from Manchester University arrived to investigate the problem, he said. He never saw their report.

“We believe it is widely accepted that any responsibility in relation to the Kabwe mine site belongs elsewhere – being with the actual owners and operators of the site and those who operated the site post nationalization 50 years ago,” Anglo said in a response to queries.

Law firms Leigh Day and Mbuyisa Moleele, who are representing the plaintiffs, said in a statement that Anglo claims not to have any documents “of relevance pertaining to the operation of the Kabwe Mine,” including the Lane/King report. The firms said evidence they have from the Zambian state mining archives shows the documents would have been copied to Anglo’s then head offices in Johannesburg.

Anglo said the documents were handed over to the state mining company when it was nationalized.

100,000 People

A hearing to consider Anglo’s request for an extension so that it can file its response is being heard in the Gauteng division of the High Court on Monday and Tuesday. Anglo said it has been denied access to crucial documents.

The case was filed by 13 plaintiffs on behalf of an estimated 100,000 people.

The group lawsuit is the latest over Anglo American’s decades of mining in southern Africa. In 2018, it and five other companies paid about $390 million to settle a class action by former gold miners suffering from the respiratory disease silicosis.

Anglo held an interest in the Kabwe mine, at one stage the world’s biggest lead operation, from 1925 to 1974, when it was nationalized by the government. While the operation about 100 kilometers (60 miles) north of the Zambian capital, Lusaka, was eventually shut in 1994, output during Anglo’s ownership accounted for about two-thirds of the lead that now contaminates the area, the law firms said.

Anglo said the state company’s own records show that the worst period of lead pollution was likely post 1989.

Lead poisoning can cause health problems ranging from learning difficulties to infertility, brain damage and, in some cases, death. In a 2019 report, Human Rights Watch said that a third of the population of Kabwe, or more than 76,000 people, live in lead-contaminated areas.

The lawsuit was filed in South Africa because at the time of the mine’s operation Anglo was headquartered in Johannesburg. The company is now based in London.

(Adds Anglo American comment in eighth and 15th paragraphs)

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Vancouver, British Columbia–(Newsfile Corp. – July 5, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has signed a contract for its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland. 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. The company has engaged Rally Drilling Services for the phase 2 diamond drill program.

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The company plans to begin the 33 drill holes at the Jaclyn Zone to be followed by up to 12 drill holes at the Otter Brook showing.

The Jaclyn Zone, located within the northern region of the Golden Promise Property, hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones. The drilling at the Jaclyn Zone includes 15 drill holes at the Jaclyn Main Zone and 18 drill holes at the Jaclyn North Zone, totalling approximately 5,000 metres.

This includes in-fill drill holes within different part of the Jaclyn Main Zone, the objective to provide further definition of the zone and provide information for an updated resource calculation. Most of these holes are planned within the central to west region of the zone, testing above 200 metres vertical depth. Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200 to 350 metres vertical depth.

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 357,000 tonnes at 10.4 grams per tonne gold for 119,000 ounces uncapped. Because part of the vein is near surface, the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50 per tonne and processing costs of US$25.00 per tonne were used together with a gold price of US$1,300 per ounce. All resources were classified as inferred because of the relatively wide spacing of drill holes through most of the zone.

Great Atlantic is also planning diamond drilling at the Otter Brook gold showing, located in the east region of the Golden Promise Property, where the company confirmed gold mineralization during 2020.

Eight of 11 rock samples, both float and outcrop, collected at this showing during 2020 exceeded 0.7 g/t gold including an outcrop grab sample returning 5.7 g/t gold. Great Atlantic has applied for a diamond drilling permit for up to 12 drill holes at this showing with holes planned under gold bearing outcrop and along the projected strike of the zone.

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, a volcano-sedimentary terrane. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. at the Valentine Gold Project, Sokoman Minerals Corp. at the Moosehead Gold Project and New Found Gold Corp. at the Queensway Project.

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.

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Every investor in Albemarle Corporation (NYSE:ALB) should be aware of the most powerful shareholder groups. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of US$20b, Albemarle is rather large. We'd expect to see institutional investors on the register. Companies of this size are usually well known to retail investors, too. In the chart below, we can see that institutions own shares in the company. Let's take a closer look to see what the different types of shareholders can tell us about Albemarle.

View our latest analysis for Albemarle

What Does The Institutional Ownership Tell Us About Albemarle?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

We can see that Albemarle does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Albemarle's earnings history below. Of course, the future is what really matters.

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Albemarle is not owned by hedge funds. The Vanguard Group, Inc. is currently the largest shareholder, with 11% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 7.6% of common stock, and Franklin Resources, Inc. holds about 6.2% of the company stock.

Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 15 shareholders, meaning that no single shareholder has a majority interest in the ownership.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Albemarle

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our most recent data indicates that insiders own less than 1% of Albemarle Corporation. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own US$75m worth of shares (at current prices). In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.

General Public Ownership

The general public, with a 16% stake in the company, will not easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Albemarle better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Albemarle , and understanding them should be part of your investment process.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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.

Investors focused on the Basic Materials space have likely heard of Impala Platinum Holdings (IMPUY), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Impala Platinum Holdings is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IMPUY is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for IMPUY's full-year earnings has moved 6.32% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, IMPUY has gained about 22.82% so far this year. At the same time, Basic Materials stocks have gained an average of 19.54%. As we can see, Impala Platinum Holdings is performing better than its sector in the calendar year.

Looking more specifically, IMPUY belongs to the Mining – Miscellaneous industry, a group that includes 47 individual stocks and currently sits at #106 in the Zacks Industry Rank. Stocks in this group have gained about 31.07% so far this year, so IMPUY is slightly underperforming its industry this group in terms of year-to-date returns.

IMPUY will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.

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VANCOUVER, BC / ACCESSWIRE / July 2, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FSE:PH01) (the "Company" or "Great Atlantic") is pleased to announce it has signed a contract with Rally Drilling Services for 2021 diamond drilling at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Phase 2 diamond drilling is scheduled to resume immediately at the gold bearing Jaclyn Zone, specifically at the Jaclyn Main Zone and Jaclyn North Zone.

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

The Company is planning to resume Phase 2 drilling on July 1 with up to 33 drill holes at the gold bearing Jaclyn Zone. This includes up to 15 drill holes at the Jaclyn Main Zone and up to 18 drill holes at the Jaclyn North Zone for approximately 5,000 meters. This includes in-fill drill holes within different part of the Jaclyn Main Zone, the objective to provide further definition of 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 meters vertical depth. Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200-350 meters vertical depth. Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone 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 planned drilling at the Jaclyn North Zone will further test the area east of historic drill holes including the area of an approximately 300 meters long zone of gold-bearing quartz vein boulders. Three drill holes completed by the Company during 2020 Phase 2 drilling intersected gold bearing quartz veins and extended the Jaclyn North quartz vein system approximately 260 meters 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 / tonne (g/t) gold) and 2020 (including samples returning 17.4, 26.7 and 157.6 g/t gold).

Great Atlantic is also planning diamond drilling at the Otter Brook gold showing, located in the east region of the Golden Promise Property. The Company confirmed gold mineralization at the Otter Brook showing during 2020. Eight of 11 rock samples (float and outcrop) collected at this showing during 2020 exceeded 0.7 g/t gold including an outcrop grab sample returning 5.7 g/t gold. Great Atlantic has applied for a diamond drilling permit for up to 12 drill holes at this showing with holes planned under gold bearing outcrop and along the projected strike of the zone.

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

Great Atlantic reported a National Instrument 43-101 mineral resource estimate for the Jaclyn Main Zone (JMZ) in late 2018 (Company News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
Mineral resource tonnage and grades are reported as undiluted.
Contained Au ounces are in-situ and do not include recovery losses.

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm³ was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID²) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drill holes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

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

On Behalf of the board of directors
"Christopher R Anderson"
Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director

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

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.

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

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

SOURCE: Great Atlantic Resource Corp

View source version on accesswire.com:
https://www.accesswire.com/654002/Great-Atlantic-Signs-Contract-for-2021-Diamond-Drilling-at-Its-100-Owned-Golden-Promise-Gold-Property-Central-Newfoundland

By Ernest Scheyder

(Reuters) – General Motors Co is investing in a U.S. lithium project that could become the country's largest by 2024, making the automaker one of the first to develop its own source of a battery metal crucial for the electrification of cars and trucks.

The deal, announced on Friday, comes as automakers around the world scramble for access to lithium and other electric vehicle (EV) metals as internal combustion engines are phased out.

Detroit-based GM said it will make a "multimillion-dollar investment" in and help develop Controlled Thermal Resources (CTR) Ltd's Hell's Kitchen geothermal brine project near California's Salton Sea, roughly 160 miles (258 km) southeast of Los Angeles.

"This will supply a sizeable amount of our lithium needs," said Tim Grewe, GM's director of electrification strategy.

The company declined to be more specific on its investment amount, but said the project's lithium will be used to build EVs in the United States and that GM engineers and scientists will visit the site once pandemic-related travel restrictions end.

While other automakers, including China's Great Wall Motor Co and BYD, have invested in lithium producers before, none appear to have taken such an aggressive step to be part of the production process, as GM is taking with CTR.

The move could spark other automakers to follow suit with similar partnerships, especially as demand for the metal is expected to outstrip supply by 20% within four years, according to industry consultant Benchmark Mineral Intelligence.

The Hell's Kitchen project could be producing 60,000 tonnes of lithium – enough to make roughly 6 million EVs, depending on design – by mid-2024 if all goes as planned, said Rod Colwell, CTR's chief executive. The company expects to obtain federal environmental permits by the end of next year.

That output would make CTR's Hell's Kitchen the largest U.S. producer of the white metal, with production roughly twice as much planned by a rival Nevada project from Lithium Americas Corp.

"There's a great window of opportunity here to develop more lithium in the United States," Colwell said.

The announcement comes two weeks after GM boosted its electric and autonomous vehicles budget by 75% to $35 billion.

The geothermal process involves extracting super-hot lithium-rich brine from reservoirs 8,000 feet (2.4 km) underground and using the heat to produce electricity, after which lithium is extracted from the brine.

The brine is then reinjected into the earth, making the process more sustainable than open-pit mines and brine evaporation ponds, the two most-common existing methods to produce the white metal.

Warren Buffett's Berkshire Hathaway Inc operates geothermal power plants at the Salton Sea and has in the past studied ways to produce lithium there. The Salton area is estimated to contain more than 15 million tonnes of lithium, according to the U.S. Geological Survey.

CTR, which received California state funding last year, said its project will emit 15 times less carbon dioxide than lithium mines in Australia, the world's largest producer.

GM is also talking with other U.S. lithium companies for supply, including those who plan to produce the metal from clay, brine and other geological sources, Grewe said.

The announcement comes the day after U.S. President Joe Biden promoted a video on his Twitter feed featuring U.S. Energy Secretary Jennifer Granholm and White House National Climate Advisor Gina McCarthy driving in a GM-produced electric Chevy Bolt.

GM said there was no connection between the tweet and Friday's announcement.

(Reporting by Ernest Scheyder; Editing by Aurora Ellis)

(Bloomberg) — Albemarle Corp., the world’s biggest producer of lithium, is fast-tracking advanced forms of the metal that could result in better batteries for electric vehicles.

A new lab in North Carolina will develop lithium products two to three times faster than previously, Chief Technology Officer Glen Merfeld said Wednesday. In particular, they’ll use cell-phone-sized custom samples to test out how well a lithium-concoction will work with, for example, new car models. That’s a process that currently takes months and happens off-site at manufacturers.

The lab will be an accelerator for what was “an incredibly slow process and was really arms-length,” Merfeld said in an interview.

The challenge is that there’s no such thing as one-size-fits-all with lithium. Electric vehicle batteries are highly engineered, and to achieve the right performance, everything from the purity of the lithium to crystal structures and particle sizes are scrutinized by battery and automobile makers.

Automakers are rushing to secure supplies to ramp up electric vehicle output as they set up green-vehicle targets amid a global transition away from fossil fuels.

The lab is also creating a razor-thin form of lithium that will make batteries cheaper and more powerful. The foil measures just 20 microns, or about a fifth of a human hair. Albemarle said it may achieve thicknesses of 3 to 5 microns in the future. The technology could reduce costs by 50%, said Merfeld.

Lithium foils could replace graphite, an expensive part of batteries currently used in electric vehicles. Tesla Chief Executive Officer Elon Musk said in September the key to the company’s promised $25,000 car is to bring down power costs by reducing graphite and cobalt.

Albemarle’s innovation center is expected to be fully operational in July.

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Manufacturing partnership enables suspension-based manufacture of gene therapies and viral vector-based vaccines

PORT WASHINGTON, N.Y., July 1, 2021 /PRNewswire/ — Pall Corporation, a global leader in filtration, separation and purification, today announced a new contract worth more than $7M with full-service contract development and manufacturing organization (CDMO) Exothera S.A.

The new contract with Pall will establish a suspension-based manufacturing platform of up to 2000L, using a range of technologies including Allegro™ STR single-use bioreactors. The new installation allows for the production of a variety of viral vectors for gene therapies and viral vector-based vaccines.

Exothera recently announced a significant expansion of its manufacturing capabilities, with two new state-of-the-art Good Manufacturing Practice (GMP) facilities built at the company's Jumet site near Brussels, Belgium. The new facilities, which are roughly 92,000 square feet and include a variety of functions from research and development to commercial production, will begin GMP production this summer.

Clive Glover, General Manager, Gene Therapy at Pall Corporation, said: "There is a strong pipeline of viral vector-based gene therapies and vaccines and the importance of rapidly realizing industrial-scale production for these vaccines and therapies has been brought into sharp focus by COVID-19. Pall has considerable process development expertise from working with many of the industry leaders to develop scalable upstream and downstream processes. We're thrilled to bring this experience to support Exothera as they expand their manufacturing capabilities."

The gene therapy and vaccine industries are facing complex challenges when scaling up vector-based processes. According to Vasily Medvedev, head of development at Exothera, the company selected the Pall end-to-end solution based on its flexibility and its capability to scale up processes quickly and efficiently.

"We selected Pall for their technological excellence and strong track record in the gene therapy and vaccines industries, as well as the level of support the team provides," explained Medvedev. "They offer a robust and cost-effective single-use solution."

Christian Borgniet, Chief Operating Officer of Exothera, added: "Compared to other suspension solutions, Pall's STR bioreactors are well-suited and could be adapted, if needed, to the perfusion mode, allowing higher growth and density of cells. We are pleased to establish this partnership with a very supportive company that is willing to transfer its expertise."

About Pall Corporation
Pall Corporation is a filtration, separation and purification leader providing solutions to meet the critical fluid management needs of customers across the broad spectrum of life sciences and industry. Pall works with customers to advance health, safety and environmentally responsible technologies. The Company's engineered products enable process and product innovation and minimize emissions and waste. Pall Corporation serves customers worldwide. For more information visit https://www.pall.com.

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Corporate Media Contact:
Pall Corporation
Amanda Comeau
Director, Corporate Communications
(508) 330-0811

About Exothera SA
Exothera is a viral vector CDMO (contract manufacturing and development organization) leveraging standard and innovative bioproduction platforms to rapidly deliver affordable viral vector-based vaccines and cell and gene therapies. As a Univercells company, Exothera capitalizes on novel manufacturing technologies and best-in-class bioprocessing expertise to provide bespoke process optimization and GMP clinical and commercial production of viral vectors. Based on its extensive technology expertise, Exothera selects technologies to optimally answer customer needs for cost-effective and agile viral vector manufacturing.

LinkedIn: https://www.linkedin.com/company/exothera / Website: www.exothera.world

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SOURCE Pall Corporation

Supports Piedmont’s Plan to Become America’s #1 Producer of Lithium Hydroxide

• PLL to acquire 9.47% of IronRidge Resources ("IRR") and a 50% interest in IRR’s Ghana-based lithium portfolio

• $15mm equity placement and 50% project interest to be earned through staged investments over 3-4 years

• Binding supply agreement for 50% of IRR’s planned Ghanaian spodumene concentrate ("SC6") production

• The IRR Ghana SC6 supply will support staged growth in Piedmont’s lithium hydroxide production

  • Feasibility Study of Carolina Lithium’s integrated 30,000 t/y LiOH on track for September 2021

  • 30,000 t/y integrated LiOH project in Quebec to be evaluated jointly with Sayona Mining

  • IRR SC6 supply provides optionality for incremental 30,000 t/y LiOH capacity at a site to be determined

  • Hydroxide capacity to be developed in stages to minimize execution and funding risks

BELMONT, N.C., July 01, 2021–(BUSINESS WIRE)–Piedmont Lithium Inc. (Nasdaq: PLL, ASX: PLL) is pleased to announce that it has entered into definitive agreements (the "Agreements") to establish a strategic partnership with IronRidge Resources ("IRR") (AIM: IRR) through the purchase of an equity stake in IRR, staged project investments to earn a 50% interest in IRR’s Ghana-based lithium portfolio ("IRR Ghana"), and a binding supply agreement for 50% of IRR Ghana’s planned spodumene concentrate ("SC6") production.

IRR Ghana has an impressive portfolio of spodumene prospects, anchored by the highly promising Ewoyaa Project (the "Ewoyaa Project"). The Ewoyaa Project has a current Mineral Resource of 14.5Mt @ 1.31% Li₂O with vast exploration potential.¹ The Ewoyaa Project has the potential to be a large, low-cost spodumene concentrate ("SC6") producer.

In January 2021, IRR published a scoping study for the Ewoyaa Project forecasting an average of 295,000 t/y of planned SC6 production, a $345 million after-tax net present value and an after-tax internal rate of return of 125%, for initial capital investment of $70 million.² The Ewoyaa Project capitalizes on its excellent location less than one mile from a major national highway and only 70 miles to the major port of Takoradi. The site is also directly adjacent to high voltage power and is expected to have a low environmental impact due to reliance on solar and hydroelectric generating capacity to power the facility. Piedmont conducted extensive due diligence over the past several months, including through site visits to Ghana, and believes that IRR Ghana has significant upside potential.

Piedmont will invest approximately $15 million (£10.8mm) to acquire a 9.47% equity interest in IRR (the "Subscription") and will appoint one director to IRR’s Board of Directors. Piedmont will also have the opportunity to earn a 50% stake in IRR Ghana by investing (i) $17 million to fund ongoing exploration and a definitive feasibility study over the next 24 months to earn an initial 22.5% project interest, and (ii) a further $70 million in 2023-2025 to fund the construction of the Ewoyaa Project to earn an additional 27.5% project interest, which would bring the total to 50% ownership in IRR Ghana (together, the "Project Investment"). Piedmont and IRR have also entered into a binding SC6 supply agreement (the "Supply Agreement"), conditioned on Piedmont completing its earn-in obligations, pursuant to which IRR will supply Piedmont 50% of IRR Ghana’s planned SC6 production (currently estimated to be 147,500 t/y) at market prices on a life-of-mine basis.

The Subscription is expected to close in August 2021 subject to satisfaction of conditions precedent with the Project Investment expected to be staged over a three-to-four-year period leading to initial production in 2025. . Summary of Transaction Terms are available on the company website.

Keith D. Phillips, President and Chief Executive Officer, commented: "We are very pleased to announce a partnership with IronRidge Resources to jointly develop their outstanding spodumene project portfolio in Ghana. We consider IRR’s Ewoyaa Project to be among the world’s most promising spodumene projects. The high-grade mineral resource is currently modest in scale but offers substantial exploration potential, and the project is very well-located, being only 70 miles from a major port. Ewoyaa builds on Piedmont’s strategic commitment to be a large-scale and low-cost producer of lithium hydroxide from spodumene concentrate sourced from diverse sustainable resources in favorable jurisdictions.

"Ghana is one of Africa’s most successful nations, with a strong mining tradition and an increasingly diverse economic base. In naming Ghana as the headquarters for its entire African business earlier this year, Twitter described Ghana as a ‘Champion for Democracy’. Euler-Hermes regularly rates Ghana among the lowest-risk jurisdictions in the region, and Transparency International rates Ghana ahead of other lithium-rich countries such as Argentina, China, Brazil, Mexico, Bolivia, Mali, and the DRC in its annual corruption perception rankings.

"2021 has been a transformative year for Piedmont. We have built the world’s premier lithium development leadership team, significantly expanded our world-class Carolina Lithium Project, and become a multi-asset company through strategic investments in Quebec and in Ghana. We raised sufficient capital in March 2021 to comfortably fund these strategic initiatives as well as our definitive feasibility study in North Carolina and should end 2021 with a robust cash balance. We will now evaluate plans to capitalize on our expanded spodumene resource base to become a larger producer of the battery-quality lithium hydroxide that America will require to power the ongoing transition to electric vehicles. Lithium has been called ‘the irreplaceable element of the electric era,’ and we will bring large-scale production of lithium hydroxide to America."

Click here to view the complete release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210701005269/en/

Contacts

For further information:
Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com

Albemarle Corporation ALB announced the opening of its Battery Materials Innovation Center (“BMIC”) located at its Kings Mountain, NC, facility. The BMIC is projected to be fully operational this month and support Albemarle's lithium hydroxide, lithium carbonate and advanced energy storage materials growth platforms.

The BMIC is equipped to facilitate synthesis of new materials, material properties characterization and analysis, material scale-up capabilities as well as material integration into battery cells for performance testing.

The site includes a dry room with a multi-layer pouch cell line that can manufacture cell-phone sized batteries to show critical aspects of battery performance and speed up transition of new products to customers.

The lab will also create lithium metal anode technologies, which will increase battery energy density by using advanced lithium metal rolling to achieve lithium foils 20 microns thin. The team intends to feature lithium foils as thin as 3-5 microns using new technologies presently being developed.

Shares of Albemarle have surged 114.4% in the past year compared with 46.9% rally of the industry.

Image Source: Zacks Investment Research

Albemarle, in its last earnings call, stated that it expects its performance for full-year 2021 to improve modestly on a year-over-year basis on a sustained recovery in global economic activities.

The company expects net sales for 2021 between $3.2 billion and $3.3 billion. Moreover, adjusted EBITDA for the year has been forecast in the range of $810-$860 million. Albemarle also continues to see adjusted earnings per share in the band of $3.25-$3.65 for 2021.

Albemarle Corporation Price and Consensus

Albemarle Corporation price-consensus-chart | Albemarle Corporation Quote

Zacks Rank & Key Picks

Albemarle currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, Olin Corporation OLN and Cabot Corporation CBT.

Nucor has a projected earnings growth rate of around 344.9% for the current year. The company’s shares have surged 131.7% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Olin has an expected earnings growth rate of around 506.7% for the current year. The company’s shares have skyrocketed 309.3% in the past year. It currently sports a Zacks Rank #1.

Cabot has an expected earnings growth rate of around 137.5% for the current fiscal. The company’s shares have surged 53.8% in the past year. It currently flaunts a Zacks Rank #1.

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Zacks Investment Research

State-of-the-art battery technology lab joins lithium R&D center at Kings Mountain site

CHARLOTTE, N.C., June 30, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today the opening of the company's Battery Materials Innovation Center (BMIC) located at its Kings Mountain, North Carolina, site.

The BMIC is expected to be fully operational in July 2021 and will support Albemarle's lithium hydroxide, lithium carbonate and advanced energy storage materials growth platforms. It has been equipped to enable synthesis of new materials, material properties characterization and analysis, material scale-up capabilities, and material integration into battery cells for performance testing.

The facility includes a dry room with a multi-layer pouch cell line that can create cell-phone sized batteries to demonstrate critical aspects of battery performance and accelerate transition of new products to customers. The lab will also develop lithium metal anode technologies that will increase battery energy density by utilizing advanced lithium metal rolling to achieve lithium foils 20 microns thin – about one-fifth the average thickness of a human hair – or thinner. The team plans to demonstrate lithium foils as thin as 3 to 5 microns using new technologies currently being developed.

"The completion of the Battery Materials Innovation Center provides us with realistic and relevant cell building capabilities to generate meaningful data for next-gen battery material design," said Dr. Glen Merfeld, Albemarle Lithium Chief Technology Officer. "With this new resource, we will be equipped to optimize our lithium materials for a drop-in solution for customers that help them deliver high-performing cost-effective batteries for the rapidly growing electric vehicle market."

Currently, Albemarle is the only U.S.-based producer of lithium metal anodes; these and other novel materials developed in the company's labs will enable the next frontier of lithium-ion battery performance. In a June 14 roundtable discussion hosted by the U.S. Department of Energy, Dr. Merfeld stressed that advancements in lithium recovery and battery performance are critical to maximizing the energy yield of every gram of active lithium material. Moving from conventional graphite battery anodes to lithium metal offers the potential to double energy density and reduce cost by as much as 50%. Innovations that leapfrog current technologies and encourage step changes in disruptive cathode and next-generation anode manufacturing will make the future of high-capacity lithium-ion batteries possible.

About Albemarle
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-establishes-battery-materials-innovation-center-in-north-carolina-301323566.html

SOURCE Albemarle Corporation

VANCOUVER, British Columbia, June 30, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V: LI | OTCQB: LIACF | Frankfurt: 5LA1) announces a live upcoming summit where its Management Team will be discussing the Company’s recent merger with Plateau Energy Metals, as well as near-term exploration and development plans, particularly at the TLC Project in Nevada.

This inaugural Webinar event will take place on Tuesday, July 06, at 11.00 am PDT / 2.00 pm EDT. Management will be available to answer questions following the presentation. To join webinar by computer, register from this link: https://my.6ix.com/nzxIDKkS

With the recent consolidation of the combined assets of both companies, American Lithium is positioned as one of the largest developers of energy metals throughout the Americas. We intend to leverage this key competitive advantage to become a global industry leader while ensuring all our projects are sustainable and utilize best environmental practices. To find out more, please tune in to the Webinar.

The Company is also pleased to announce the recent launch of its new website at: www.americanlithiumcorp.com. Our social media channels are also now very active. Please follow us:

Twitter: @lithiumamerican

Instagram: /americanlithium/

LinkedIn: www.linkedin.com/company/american-lithium-corp/

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

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

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

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

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 press release.

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on June 25, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on June 25, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to the 32 of the concessions invalid due to late receipt of the annual validity payment. Macusani successfully applied for injunctive relief on 32 concessions in a Court in Lima, Peru, and the grant of the Precautionary Measures (Medida Cautelar) has restored the title, rights and validity of those 32 concessions to Macusani until a final decision is obtained in at the last stage of the judicial process. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of Processes, Macusani’s title to the concessions could be revoked.

Plans Underway for Large-Scale Lithium Hydroxide Production in Québec

• Superior Court of Québec approves Sayona Québec’s acquisition of North American Lithium ("NAL")

• Total cash consideration of approximately C$94mm with transaction completion expected in Q3 2021

• Piedmont will fund approximately C$23.5mm, representing its 25% stake in Sayona Québec

• Detailed study of the integration of NAL with Sayona Québec’s Authier Project to commence in the coming weeks

• Sayona and Piedmont jointly committed to development of lithium hydroxide capacity in Québec

BELMONT, N.C., June 30, 2021–(BUSINESS WIRE)–Piedmont Lithium Inc. (Nasdaq: PLL) is pleased to announce that the Superior Court of Québec (Commercial Division) has granted an approval and vesting order regarding the Company’s joint bid with Sayona Mining Limited (ASX:SYA) for the acquisition of North American Lithium ("NAL") by Sayona Québec Inc. ("Sayona Quebec") in the context of the Companies’ Creditors Arrangement Act (CCAA) proceedings of NAL. Piedmont is a 25% shareholder of Sayona Québec and owns 19.79% of the outstanding common shares of Sayona Mining Limited.

At the completion of the transaction Sayona Québec will acquire all the issued and outstanding shares of NAL and substantially all of its assets. The order of Superior Court of Québec provides that the assets acquired in the transaction will be free and clear of any encumbrances other than certain specific permitted encumbrances accepted by Sayona Québec.

NAL owns a large, previously-producing lithium asset project located approximately 20 miles from Sayona’s core Authier project near the important mining center of Val-d’Or in the Abitibi region of Québec. NAL is fully permitted, has a Mineral Resource of 57.7Mt @ 1.05% Li₂O, and has had over $400 million invested in mining, concentrate and refining capacity. The project was operational and ramping toward nameplate production in 2018, when it was placed on care and maintenance due to weak lithium markets and a sub-optimal capital structure.

Sayona and Piedmont are proceeding with technical studies that contemplate integrating Sayona Québec’s Authier and Tansim projects with the facilities at NAL, including restart requirements, technical improvements, and optimization of NAL operations in order to fully utilize this competitive set of assets. Furthermore, Sayona and Piedmont will prioritize manufacturing of lithium hydroxide in Québec, capitalizing on Québec's competitive advantages, including access to zero-carbon, low-cost hydropower, skilled labor, world-class infrastructure, and the initiative of both the Canadian and provincial governments to develop the lithium-ion battery materials and EV industry.

Keith D. Phillips, President and Chief Executive Officer, commented: "We are very pleased to be working with our partners at Sayona to consolidate the spodumene resources in the Abitibi region of Québec. NAL is a past-producing business with a large, high-grade mineral resource located in close proximity to Sayona’s Authier project and to the important mining center of Val-d’Or, Québec. We will work closely with Sayona to refine the plans to unify the Authier and NAL spodumene operations, and we are both committed to building integrated spodumene to lithium hydroxide capacity in Québec. Piedmont strongly believes that ‘location and regionalization of the battery supply chain matters,’ and the combined Québec operations will be well-positioned to serve the fast-growing North American electric vehicle business. The Québec operations are an ideal complement to our flagship Carolina Lithium Project in Gaston County, NC, and further Piedmont’s objective of being North America’s leading lithium hydroxide producer."

Click here to view the full announcement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005312/en/

Contacts

Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do (like Melvin Capital's recent GameStop losses). However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, let’s examine the smart money sentiment towards Platinum Group Metals Limited (NYSE:PLG).

Is Platinum Group Metals Limited (NYSE:PLG) undervalued? Hedge funds were turning less bullish. The number of bullish hedge fund bets dropped by 1 recently. Platinum Group Metals Limited (NYSE:PLG) was in 6 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 7. Our calculations also showed that PLG isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 7 hedge funds in our database with PLG holdings at the end of December.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 206.8% since March 2017 and outperformed the S&P 500 ETFs by more than 115 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

Eric Sprott of Sprott Asset Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund owns nearly 40% of this $24 biotech stock and is trying to buy the rest for around $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to take a look at the key hedge fund action regarding Platinum Group Metals Limited (NYSE:PLG).

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

At the end of March, a total of 6 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -14% from the previous quarter. On the other hand, there were a total of 3 hedge funds with a bullish position in PLG a year ago. With the smart money's sentiment swirling, there exists a few notable hedge fund managers who were increasing their holdings substantially (or already accumulated large positions).

The largest stake in Platinum Group Metals Limited (NYSE:PLG) was held by CQS Cayman LP, which reported holding $3.4 million worth of stock at the end of December. It was followed by Citadel Investment Group with a $1 million position. Other investors bullish on the company included Sprott Asset Management, Two Sigma Advisors, and Renaissance Technologies. In terms of the portfolio weights assigned to each position CQS Cayman LP allocated the biggest weight to Platinum Group Metals Limited (NYSE:PLG), around 0.21% of its 13F portfolio. Sprott Asset Management is also relatively very bullish on the stock, dishing out 0.05 percent of its 13F equity portfolio to PLG.

Since Platinum Group Metals Limited (NYSE:PLG) has faced a decline in interest from hedge fund managers, logic holds that there exists a select few fund managers who sold off their full holdings last quarter. At the top of the heap, Donald Sussman's Paloma Partners dropped the biggest position of all the hedgies watched by Insider Monkey, valued at an estimated $0.3 million in stock, and Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors was right behind this move, as the fund sold off about $0.1 million worth. These transactions are interesting, as aggregate hedge fund interest was cut by 1 funds last quarter.

Let's check out hedge fund activity in other stocks similar to Platinum Group Metals Limited (NYSE:PLG). These stocks are Value Line, Inc. (NASDAQ:VALU), Vincerx Pharma, Inc. (NASDAQ:VINC), Cerecor Inc. (NASDAQ:CERC), BioVie Inc. (NASDAQ:BIVI), Park Aerospace Corp. (NYSE:PKE), BurgerFi International, Inc. (NASDAQ:BFI), and Cabaletta Bio, Inc. (NASDAQ:CABA). This group of stocks' market caps are similar to PLG's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position VALU,2,2401,0 VINC,16,88367,5 CERC,10,145224,2 BIVI,1,447,0 PKE,8,33491,-5 BFI,9,51873,4 CABA,11,91768,3 Average,8.1,59082,1.3 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 8.1 hedge funds with bullish positions and the average amount invested in these stocks was $59 million. That figure was $5 million in PLG's case. Vincerx Pharma, Inc. (NASDAQ:VINC) is the most popular stock in this table. On the other hand BioVie Inc. (NASDAQ:BIVI) is the least popular one with only 1 bullish hedge fund positions. Platinum Group Metals Limited (NYSE:PLG) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for PLG is 46.4. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 19.3% in 2021 through June 25th and surpassed the market again by 4.8 percentage points. Unfortunately PLG wasn't nearly as popular as these 5 stocks (hedge fund sentiment was quite bearish); PLG investors were disappointed as the stock returned -2.9% since the end of March (through 6/25) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2021.

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Recognition includes outstanding response efforts to COVID-19 at Magnolia, Arkansas, site

CHARLOTTE, N.C., June 29, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it received 10 American Chemistry Council (ACC) Responsible Care Awards for its exemplary health, safety and environmental initiatives.

Albemarle received awards in the categories of facility safety and outstanding COVID-19 response efforts. A total of nine sites, representing each of Albemarle's three global business units, received recognition for facility safety by demonstrating significant achievements in employee health and safety performance. The ACC recognized Albemarle's Magnolia, Arkansas, site for outstanding COVID-19 response efforts in 2020, including the critical role employees played in the global battle against COVID-19.

"Safety is a key aspect of Albemarle's culture and business operations. We believe it is our personal responsibility to keep each other safe," said Bo Brantley, Vice President, Health, Safety and Environmental & Manufacturing Excellence. "I applaud our employees for maintaining a safety-centered mindset, particularly during the COVID-19 pandemic, to ensure the health of all colleagues, especially the essential personnel who remained onsite and ensured smooth operations."

Awards were announced at the virtual 2021 Responsible Care & Sustainability Conference & Expo. During the conference, the ACC recognized chemical industry leaders for their exceptional environmental, health, safety and security performance, their commitment to sustainability, and their sound chemicals management.

To view the list of awards and recipients, please visit here.

About Albemarle
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-earns-multiple-american-chemistry-council-responsible-care-awards-301322226.html

SOURCE Albemarle Corporation

In this article, we will discuss the 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. If you want to skip our detailed analysis of Crispin Odey’s history, investment philosophy, and hedge fund performance, go directly to the 5 Best Dividend Stocks to Buy According to Crispin Odey’s Hedge Fund

Crispin Odey, the founder of Odey Asset Management Group, was born in East Yorkshire. He joined Harrow School for his early education and later went to Christ Church, Oxford, for his graduate degree.

After completing his university education, Odey qualified as a barrister but left to work for Barings International, where he managed the Baring European Growth Trust. Odey founded Odey Asset Management in 1991. One of the primary investors in the firm was billionaire George Soros. Crispin Odey is one of the best-known hedge fund administrators in Europe. Odey has been in the limelight for his support of Brexit and ardent criticism of central bank policies. He uses accounting analysis to bet on stocks, bonds, and currencies.

Odey Asset Management focuses on active fund management with equal importance on producing higher returns. The funds’ 13F portfolio is valued at approximately $356.684 million as of the end of the first quarter of 2021. Odey’s fund had its decent amount of good and bad times over the years, with an indisputable high point coming in 2008 when the hedge fund generated a 54.8% return. In 2020 the hedge fund gained 57.12%, while it gained about 5.76% in the first quarter of 2021.

Among the notable holdings of Odey as of the first quarter of 2021 are Microsoft (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN) and Facebook, Inc. (NASDAQ: FB).

On June 24, Microsoft (NASDAQ: MSFT) formally launched the Windows 11 operating system, which will be released to the public by the holiday season this year. Microsoft (NASDAQ: MSFT) is also collaborating with Amazon to bring Android apps to Windows 11. On June 16, Microsoft (NASDAQ: MSFT) declared a quarterly dividend of $0.56 per share, in line with the previous.

Another notable stock in Odey’s portfolio is Amazon.com, Inc. (NASDAQ: AMZN). The investor owns a $4.56 million stake in the company representing 1.27% of his hedge fund's portfolio. On June 25, Amazon.com, Inc. (NASDAQ: AMZN) acquired transmission security service Wickr — a messaging app that has equipped itself to provide services to government and military. It claims to be the only “collaboration service” that meets security criteria set out by the National Security Agency. Amazon.com (NASDAQ: AMZN) also announced the addition of ART19, a platform that inserts ads into podcasts.

Odey owns 8,600 shares of Facebook, Inc. (NASDAQ: FB) as of the end of the first quarter. On June 22, Facebook, Inc. (NASDAQ: FB) declared that it has broadened its "Shops" feature to its messaging app WhatsApp in several countries. Facebook, Inc. (NASDAQ: FB) has greater than 300 million monthly Shops visitors and about 1.2 million monthly active Shops. On June 21, Facebook started its own Clubhouse-style live audio rooms, which will let users join and listen to live conversations. Facebook, Inc. (NASDAQ: FB) ranks 1st in our list of the 30 Most Popular Stocks Among Hedge Funds.

Crispin Odey of Odey Asset Management Group But in this article our focus would be on dividend-paying stocks in Crispin Odey's Q1 portfolio.

Before investing, you should practice caution and do a lot of research, as financial volatility is making things difficult even for the smart investors. 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 26, 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 16. That's why we believe hedge fund sentiment is a handy indicator that investors should consider. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

With this context and industry outlook in mind, let’s start our list of the 10 best dividend stocks to buy according to Crispin Odey’s hedge fund

10 Best Dividend Stocks to Buy According to Crispin Odey’s Hedge Fund

10. Morgan Stanley (NYSE: MS)

Odey’s Stake Value: $5,988,000 Percentage of Crispin Odey’s 13F Portfolio: 1.67% Dividend Yield: 1.59% Number of Hedge Fund Holders: 79

Morgan Stanley (NYSE: MS) is a financial holding company, which provides various financial products and services to organizations, governments, banks, and individuals. The company was founded in 1924 and ranks tenth on the list of 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. Morgan shares have gained about 87.89% over the last twelve months.

Just like Microsoft (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Facebook, Inc. (NASDAQ: FB), Morgan Stanley (NYSE: MS) is one of the best stocks to buy according to Crispin Odey. Morgan Stanley recently said it will double its dividend per share to $0.70 per share from $0.35 per share. The company also announced a share repurchase authorization of $12 billion. On June 9, Jefferies analyst Daniel Fannon initiated coverage on Morgan Stanley (NYSE: MS) with a “Buy” rating and a price target of $108.

The hedge fund run by Crispin Odey owns 77,100 shares in the company worth $5.99 million, representing 1.67% of their investment portfolio. Odey Asset Management Group has increased stakes in Morgan Stanley stock by 19% in the past few months. In the first quarter of 2021, 79 hedge funds in the database of Insider Monkey held stakes worth $5.29 billion in Morgan, up from 66 the preceding quarter worth $5.67 billion.

Artisan Partners Limited Partnership, in their fourth quarter 2020 investor letter, mentioned Morgan Stanley (NYSE: MS). Here is what the fund said:

9. FMC Corporation (NYSE: FMC)

Odey’s Stake Value: $2,160,000 Percentage of Crispin Odey’s 13F Portfolio: 0.60% Dividend Yield: 1.70% Number of Hedge Fund Holders: 79

FMC Corporation (NYSE: FMC) is an American agricultural sciences company. The company was founded in 1883, and stands ninth on the list of 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. FMC stock has offered 16% in returns to investors over the course of the past twelve months.

On June 8, FMC Corporation (NYSE: FMC) received U.S. Environmental Protection Agency registration for Fluindapyr. Fluindapyr provides all-round activity against a broad range of harmful diseases in specialty crops. On May 5, the company declared its earnings per share for the first quarter of 2021. It declared earnings per share of $1.53, beating the market predictions by $0.02.

Crispin Odey’s hedge fund owns 19,525 shares of the company, worth $2.16 million. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm D E Shaw is a leading shareholder in FMC Corporation (NYSE: FMC) with 1.056 million shares worth $116.76 million.

8. Comcast Corporation (NASDAQ: CMCSA)

Odey’s Stake Value: $2,814,000 Percentage of Crispin Odey’s 13F Portfolio: 0.78% Dividend Yield: 1.78% Number of Hedge Fund Holders: 88

Comcast Corporation (NASDAQ: CMCSA) is an American company, which functions as a media and technology company. The company was incorporated in 1963 and is placed eighth on the list of 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. Comcast Corporation (NASDAQ: CMCSA) shares have gained about 45.98% over the last twelve months.

Just like Microsoft (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Facebook, Inc. (NASDAQ: FB), Comcast is one of the best stocks to buy according to Crispin Odey. On June 25, Steve Malcolm, an analyst at Redburn, initiated coverage on Comcast (NASDAQ: CMCSA), rating the stock as “Buy,” with a price target of $70.00. Comcast is also a decent dividend-paying stock. On May 25, Comcast declared a quarterly dividend of $0.25 per share, in line with the previous.

Odey Asset Management Group holds 52,000 shares in the company worth $2.81 million, representing 0.78% of their portfolio. The company is also getting the attention of the smart money, as 88 hedge funds tracked by Insider Monkey reported owning stakes in the company in the first quarter of 2021, up from 84 funds a quarter earlier.

Nelson Capital Management, in their first quarter 2021 investor letter, mentioned Comcast Corporation (NASDAQ: CMCSA). Here is what the fund said:

7. Colgate-Palmolive Company (NYSE: CL)

Odey’s Stake Value: $2,231,000 Percentage of Crispin Odey’s 13F Portfolio: 0.62% Dividend Yield: 2.22% Number of Hedge Fund Holders: 48

Colgate-Palmolive Company (NYSE: CL), with its subsidiaries, produces and trades consumer products globally. The company was founded in 1806 and is placed seventh on the list of 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. Shares of the company rallied 13.90% in the last twelve months, resulting in a $68.91 billion market capitalization.

On June 10, Colgate-Palmolive (NYSE:CL) declared a quarterly dividend of $0.45 per share, in line with the previous. On June 23, Peter Grom, an analyst at UBS, initiated coverage on Colgate-Palmolive (NYSE:CL). He rated the stock as "Buy" and set the price target at $95. On April 30, Colgate-Palmolive declared earnings per share for the first quarter of 2021. It posted earnings per share of $0.80, beating market predictions by $0.01.

Just like Microsoft (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Facebook, Inc. (NASDAQ: FB), Colgate-Palmolive (NYSE:CL) is one of the best stocks to buy, based on Crispin Odey's Q1 portfolio.

Odey Asset Management Group holds 28,300 shares in the firm worth $2.23 million, representing 0.62% of their investment portfolio. Hedge fund sentiment increased for Colgate-Palmolive Company (NYSE: CL) in the first quarter of 2021. Insider Monkey’s data shows that 48 elite hedge funds held stakes in the company in the first quarter of 2021, up from 46 funds a quarter earlier.

First Eagle Investment Management, in their first quarter 2021 investor letter, mentioned Colgate-Palmolive. Here is what the fund said:

6. JPMorgan Chase & Co. (NYSE: JPM)

Odey’s Stake Value: $8,346,000 Percentage of Crispin Odey’s 13F Portfolio: 2.3% Dividend Yield: 2.34% Number of Hedge Fund Holders: 111

JPMorgan Chase & Co. (NYSE: JPM) functions as a monetary service company. The company was founded in 1799 and stands sixth on the list of 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. JPMorgan Chase & Co. (NYSE: JPM) has offered investors returns of 66.38% over the course of the past twelve months.

On June 22, JPMorgan Chase & Co. (NYSE: JPM) invested in Maxex, which connects sellers and buyers of home loans. The purpose of investment is to increase broad market adoption of the Maxex exchange platform for buying and selling loans in the U.S. non-agency mortgage market. On May 17, JPMorgan Chase declared a quarterly dividend of $0.90 per share, in line with the previous. On April 14, the company announced its revenue for the first quarter of 2021. It declared revenue of $32.3 billion, up 14.3% YoY, beating the estimates by $1.99 billion.

Just like Microsoft (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Facebook, Inc. (NASDAQ: FB), JPMorgan Chase & Co. (NYSE: JPM) is one of the best stocks to buy according to Crispin Odey.

Odey Asset Management Group holds 54,825 shares in the firm worth over $8.35 million, representing 2.33% of their investment portfolio. At the end of the first quarter of 2021, 111 hedge funds in the database of Insider Monkey held stakes worth $5.25 billion in JPMorgan Chase & Co. (NYSE: JPM), down from 112 the preceding quarter worth $6.97 billion.

VLTAVA Fund, in their second quarter 2020 investor letter, mentioned JPMorgan Chase & Co. Here is what the fund said:

Click to continue reading and see 5 Best Dividend Stocks to Buy According to Crispin Odey’s Hedge Fund.

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VANCOUVER, British Columbia, June 29, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB: LIACF | Frankfurt:5LA1) is pleased to provide details of a recent breakthrough on process development at its Tonopah Lithium Claims Project (“TLC”) located close to Tonopah, Nevada.

Highlights:

• Ongoing process work at Hazen Research Inc. has shown that roasting TLC lithium bearing claystones with sulfate and chloride salts, followed by water leaching, results in 82% of lithium being extracted with a significantly lower impurity load as compared to acid leaching.

• This alternative processing method will be investigated further at both Hazen Research Inc. in Golden, Colorado (“Hazen”) and at TECMMINE in Lima, Peru (“TECMMINE”).

• Test work at Hazen has so far utilized non-upgraded TLC claystones. Additional work will also commence on mechanically upgraded TLC claystones with even better results anticipated.

• Full roasting / water leaching results will be compared to results for sulfuric acid leaching to ascertain which method is best from an economic and environmental perspective.

• TLC claystone mineralization continues to demonstrate exceptional ability to be concentrated and amenable to multiple process options with lithium carbonate having already been produced.

• This latest round of process work is focused on optimizing flow-sheet design to deliver strong environmental and economic benefits to enable a robust Preliminary Economic Assessment.

Dr. Laurence Stefan, COO of American Lithium, states, “The early success of roasting demonstrates once again the robust nature of the TLC lithium resource and its processing versatility. This new metallurgical approach opens the door widely to produce either lithium carbonate or lithium hydroxide or both from the TLC project. The extremely low level of impurities in the leachate provides many advantages over the successful sulfuric acid leaching technique that has been the focus to date. We are excited to investigate the roasting route further and will be comparing the overall environmental and economic profiles of each route to make the best decision for the project moving forward.”

American Lithium Provides TLC Process Update:

The TLC project has previously shown that its Li-rich claystones are amenable to rapid sulfuric acid leaching, with lithium extraction in sulfate solution reaching 92% in 10 minutes, for some of the samples. While the flowsheet for sulfuric acid leaching has been successful and is being further optimized, an alternative roasting / water leaching technique has demonstrated early success and will be investigated with additional laboratory test work.

Experiments performed at Hazen Research Inc. in Golden, Colorado, demonstrate that roasting the lithium bearing claystones at 900°C with sulfate and chloride salts (sodium chloride, sodium sulfate, and/or gypsum – calcium sulfate dihydrate) and then leaching in 60°C water for 2 hours, results in 82% of the lithium being extracted into aqueous solution. This roasting process followed by water leaching not only increased the final pH of the solution to 8.5, making the eventual final lithium carbonate or hydroxide precipitation much easier, but also produced an astonishingly low level of impurities, when compared to sulfuric acid leaching.

Heavy elements such as iron, aluminum, and manganese in the leachate are below detection limit (<10 ppm), with magnesium extraction below 1% (54 ppm) and calcium extraction below 3% (500 ppm). As expected, sodium and potassium are leached in greater quantities, but still at manageable levels (Na 78%; K 52% extraction in aqueous solution). Test work at TECMMINE shows a good rubidium extraction of 63%. The high extraction of potassium and rubidium presents the opportunity to produce saleable by-products such as potash as fertilizer and rubidium hydroxide for industrial applications. The overall impurities level in the aqueous solution obtained to date, through roasting and water leaching, presents a legitimate alternative route to producing battery-grade lithium chemicals from TLC claystone mineralization.

Additional test work is underway to build on these initial results and further investigate the roasting process-route at Hazen and at TECMMINE and the results will be fully compared to sulfuric acid leaching once sufficient data is compiled. American Lithium plans to compare the roasting option to acid leaching both in terms of capex, opex, environmental footprint and economic performance.

As previously announced on March 23, 2021, TLC claystones can be upgraded by up to 66%, in terms of lithium grades, using hydrocyclones and centrifuges. The preliminary test work on roasting was performed on non-upgraded claystones and further progress and efficiencies are anticipated from testing upgraded samples.

In parallel, hydrochloric acid leaching test work has started with TECMMINE. TECMMINE was instrumental in optimizing the leaching and precipitation of battery grade lithium from the Company’s high-grade Falchani project in Peru and will be a key player in the optimization of flowsheets for TLC.

Dr. Laurence Stefan, COO of American Lithium, concluded “As we continue to optimize processes for the extraction of lithium from TLC claystone mineralization, we will be comparing overall environmental and economic performance for all relevant routes. American Lithium is fortunate that we have so many excellent options from which to produce battery grade lithium compounds from TLC which will enable us to select the best overall route for feasibility and to have other options if needed in the future. We currently anticipate finalizing this process this Fall.”

Qualified Person
Dr. Jarrett Quinn, Ph.D., P. Eng. (OIQ 5018119), Consulting Metallurgist for American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information related to metallurgical testing at Hazen Research Inc. contained in this news release.

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

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

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

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

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

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

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 press release.

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on June 25, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on June 25, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to the 32 of the concessions invalid due to late receipt of the annual validity payment. Macusani successfully applied for injunctive relief on 32 concessions in a Court in Lima, Peru, and the grant of the Precautionary Measures (Medida Cautelar) has restored the title, rights and validity of those 32 concessions to Macusani until a final decision is obtained in at the last stage of the judicial process. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of Processes, Macusani’s title to the concessions could be revoked.

TORONTO, ON / ACCESSWIRE / June 29, 2021 / Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSXV:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce that is has joined the Walvis Bay Corridor Group (WBCG).

WBCG (wbcg.com.na) is a public-private partnership established in 2000 to promote the utilization of the Walvis Bay Corridors to the Port of Walvis Bay and Lüderitz in the Republic of Namibia. WBCG was established to engage in business development activities – thereby increasing cargo for ports and corridors linked to it, and to engage in the facilitation of corridor and infrastructure development.

The Walvis Bay Corridors are an integrated system of well-maintained tarred roads and rail networks – accommodating all modes of transport – from the Port of Walvis Bay via the Trans Kalahari, Walvis Bay-Ndola-Lubumbashi Development Corridor (previously known as the Trans-Caprivi), Trans-Cunene and Trans-Oranje Corridors providing landlocked SADC countries access to transatlantic markets.

The corridors, serving the two ports, is a network of transport routes from the neighboring SADC countries of Angola, Botswana, Democratic Republic of Congo, Malawi, South Africa, Zambia and Zimbabwe (see Figure 1). The corridors include:

• the Port of Walvis Bay and Lüderitz,

• the Trans Kalahari corridor connecting Botswana and South Africa,

• the Walvis Bay-Ndola-Lubumbashi development corridor connecting Zambia, Zimbabwe, Malawi and the Democratic Republic of Congo,

• the Trans-Cunene corridor connecting Angola, and

• the Trans-Oranje corridor connecting South Africa.

Of specific importance to Tsodilo is the Walvis Bay – Ndola – Lumumbashi Development Corridor (WBNLDC) which connects Namibia – Zambia – Democratic Republic of Congo (DRC) with links to Angola – Zimbabwe, Malawi & Tanzania. WBNLDC provides the shortest route between the Namibian west coast Ports of Lüderitz and Walvis Bay and the vital transport hubs of Livingstone, Lusaka and Ndola in Zambia, Lubumbashi (southern DRC), and Zimbabwe. This corridor is perfectly positioned to service the two-way trade between the SADC region and Europe, North and South America and emerging markets in the East. See Figure 1 for a regional context to this important transport corridor.

The portion of the corridor between Grootfontein (Namibia) to Katima Mulilo located on the Zambia border is the portion of the corridor to the Xaudum Iron Project (Figure 2), and is currently connected by a Grade A bitumen highway used for the transportation of goods and services. However, in March 2021, the Namibian Ministry of Works and Transport commissioned a Feasibility Study for the Trans-Zambezi Railway Extension Grootfontein – Rundu – Katima Mulilo. This feasibility study is one of the project components being implemented under the Namibian Transport Infrastructure Improvement Project and the consultancy services are being funded by the African Development Bank and the Government of the Republic of Namibia. The Trans-Zambezi Railway Extension line linking Zambia and Namibia is planned to pass through Divundu providing access to Walvis Bay, Namibia's deep-sea port.

The proposed rail extension between Grootfontein and Katima Mulilo is significant to Tsodilo as the extension is planned to pass through Divundu in Namibia which is located approximately 35 kilometers (22 miles) from our license location in Northern Botswana (see Figure 2). The feasibility study is expected to be completed by the end of 2021 and its results will be considered in our Preliminary Economic Assessment (PEA).

"The proposed rail extension is an important development for Tsodilo as it opens up a proximate rail transportation system for the delivery of the projects potential iron products, such as iron concentrate, iron pellets, potential direct reduced iron (DRI) products, and Ferrosilicone (FeSi) products, throughout central, eastern and southern Africa as well as international markets," commented the Company's Chairman and CEO, James M. Bruchs.

About Tsodilo Resources Limited
Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond, metal deposits and industrial stone at its Bosoto (Pty) Limited ("Bosoto"), Gcwihaba Resources (Pty) Limited ("Gcwihaba") and Newdico (Pty) Ltd. ("Newdico) projects in Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana and the PL216/2017 diamond prospection license also in the OKF. The Company has a 100% stake in its Gcwihaba project area consisting of seven metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The Company has a 100% interest in its Newdico industrial stone project located in Botswana's Central District. Tsodilo manages the exploration of the Newdico, Gcwihaba, and Bosoto projects. Overall supervision of the Company's exploration program is the responsibility of Dr. Alistair Jeffcoate, Project Manager and Chief Geologist of the Company and a "qualified person" as such term is defined in National Instrument 43-101.

This press release may contain forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements pertaining to the use of proceeds, the impact of strategic partnerships and statements that describe the Company's future plans, objectives or goals) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward- looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in equity markets, changes in general economic conditions, market volatility, political developments in Botswana and surrounding countries, changes to regulations affecting the Company's activities, uncertainties relating to the availability and costs of financing needed in the future, exploration and development risks, the uncertainties involved in interpreting exploration results and the other risks involved in the mineral exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to availability and cost of funds, timing and content of work programs, results of exploration activities, interpretation of drilling results and other geological data, risks relating to variations in the diamond grade and kimberlite lithologies; variations in rates of recovery and breakage; estimates of grade and quality of diamonds, variations in diamond valuations and future diamond prices; the state of world diamond markets, reliability of mineral property titles, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, operational and infrastructure risk and other risks involved in the diamond exploration and development business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to their inherent uncertainty.

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.

FOR FURTHER INFORMATION, PLEASE CONTACT:

James M. Bruchs
Chairman and Chief Executive Officer
JBruchs@TsodiloResources.com

Dr. Alistair Jeffcoate
Project Manager and Chief Geologist
Alistair.Jeffcoate@tsodiloresources.com

Head Office
Telephone +1 416 572 2033
Facsimile + 1 416 987 4369
Website: http://www.TsodiloResources.com

SOURCE: Tsodilo Resources Limited

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OTTAWA, ON, June 29, 2021 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it has made significant advancement at the Root & Cellar Gold-Silver Project ("Root & Cellar" or the "Project") in Newfoundland. These advancements stem from two components: 1) prospecting, and 2) a ground geophysical program consisting of Spectral IP (Induced Polarization) and Resistivity, both pointing to a potentially very large system at Root and Cellar, particularly at the Conquest Zone. The Company can earn a 100% interest in the Property, which is being explored for epithermal gold-silver mineralization and porphyry copper deposits.

Prospecting
Prospecting and ground truthing of some of the near surface IP anomalies at the Conquest Zone identified from the geophysical survey has uncovered additional mineralized outcrop. These showings consist of sulphide-bearing and strongly silicified outcrops locally hosting chalcedonic quartz displaying early stages of colloform banding and ginguro development (Figure 1). Samples are being shipped for analysis. These discoveries were made in the vicinity of grid lines 5300E and 5400E (Figure 2) where IP results show a chargeability anomaly coming to surface. Note that chargeability can be indicative of the presence of disseminated sulphides, which has also been visually confirmed with the prospecting.

The discovery of these mineralized outcrops has increased the exposed width of the Conquest Zone from 40 metres to over 80 metres at this location. The Conquest Zone, which is believed to be a sub-vertical feature, has so far been traced on surface for 650 metres with grades up to 48 g/t Au (see press release, May 19, 2019). The ground IP survey shows a coincident chargeability anomaly with a strike length of 1,100 metres and open at both ends (see details below).

IP Survey
The ground Spectral IP and Resistivity geophysical survey, which totalled 25 line-kilometres and covered the Conquest Zone and recently discovered Windfall Zone, is now complete with modelling underway. Although substantial chargeability anomalies often associated with high resistivity (silicification) exist in, and immediately south, of the Windfall Zone, this press release focuses on Conquest because interpretations and ground truthing are more advanced. An update on the Windfall area will be provided when the data has been fully modeled and interpreted and, ground-truthing has taken place where possible.

The results from the IP survey at Conquest show two principal east-west trending IP chargeability anomalies (Figure 2) and numerous other subordinate cross-cutting IP trends (Figure 2). The northernmost of these two anomalies coincides with the Conquest showing and is traceable for 1,100 metres, reaching the surface near the middle. It is generally subvertical but broadens at depth. A second parallel chargeability anomaly is located approximately 250-300 metres south and can also be traced for 1,000 metres. It dips to the north and in places appears to converge with the northern Conquest anomaly at depth. The southern IP anomaly is located within an area of little outcrop but where a series of soil samples elevated in gold form a trend adjacent to the IP target.

These two linear IP anomalies are also located on the flanks of a deep-penetrating, magnetic low feature (Figure 3), which is consistent with a low-sulphidation model.

"These are very encouraging IP results which were quickly validated by the discovery of further mineralized outcrop after some arduous hand trenching by prospector, Jeffrey Brushett. The width of the Conquest showing is now up to 80 metres; if this is not remarkable enough, the IP results suggest another parallel zone 250 metres to the south."

Ian Bliss – President & CEO

The survey program at Root & Cellar was contracted to Clearview Geophysics of Brampton, Ontario, and was overseen by Joe Mihelcic, P. Geo. and a qualified person under NI 43-101. This press release has also been reviewed by Christine Vaillancourt, P. Geo. and the Company's Chief Geologist.

Northern Shield Resources Inc. is a Canadian-based company with experience in many geological terranes and focused on generating high-quality exploration programs. It is known as a leader in executing grass roots exploration programs using a model driven approach. Seabourne Resources Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related deposits in Atlantic Canada.

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Root & Cellar Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward–looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward–looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

SOURCE Northern Shield Resources Inc.

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