PERTH, Australia, Oct. 18, 2021 (GLOBE NEWSWIRE) — Wyloo Metals Pty Ltd (“Wyloo Metals”) is pleased to announce it has reached an agreement with Noront Resources Ltd. (TSXV:NOT) (“Noront”) and formalized its offer to Noront shareholders as part of a comprehensive strategy to develop the Ring of Fire as a world-class Future Metals Hub.

Wyloo Metals’ superior offer is distinguished by several factors including offering shareholders true optionality alongside a superior cash offer. Pursuant to a statutory Plan of Arrangement under the Business Corporation Act (Ontario), each Noront shareholder will be given the option of (i) accepting cash consideration of Cdn$0.70 per share for some or all of their shares, and (ii) continuing to participate in Noront’s unrealized potential by remaining as a shareholder (the “Wyloo Offer”).

Wyloo Metals’ strategy will also see Noront revitalized under the leadership of a world-class Board of Directors led by Dr. Andrew Forrest AO, who has an unparalleled track record in the development of remote mining projects and a proud and continuing legacy of partnering with Indigenous and local communities. Dr. Forrest led Fortescue Metals Group (ASX: FMG) from a junior mining exploration company to one of the world’s largest mining companies.

Battery and hydrogen technologies are unleashing the full potential of renewable energy by making it available when and where it is required. These technologies, and the critical metals that they are built from, will positively impact future generations in ways we cannot yet imagine.

The Ring of Fire is home to expansive deposits of these metals and is ideally located near downstream markets, presenting a once-in-a-generation opportunity to transform Canada into a critical metals powerhouse.

Only Wyloo Metals' offer provides shareholders with the opportunity to share in that journey.

THE WYLOO OFFER IS SUPERIOR

There are four aspects of the Wyloo Offer that make it superior to the offer made by BHP Western Mining Resources International Pty Ltd (“BHP”):

• True optionality for Noront shareholders

  The underlying mineral value of the Ring of Fire is immense and, when developed, will support a multi-generational, critical metal mining district.

  Rather than forcing an all-or-nothing outcome upon Noront shareholders, the Wyloo Offer is a flexible proposal that allows shareholders to elect their preferred level of retained exposure to the immense future value of the Ring of Fire, while also providing an option to crystallize immediate cash value.

• A superior offer price

  The Noront Board of Directors has unanimously determined that the Wyloo Offer is superior. Consideration of Cdn$0.70 in cash per share represents a 192% premium to Noront’s unaffected closing price on May 21, 2021 and a 27% premium to the BHP offer of Cdn$0.55 in cash per share.

• Greater deal certainty

  Noront shareholders holding an aggregate of 10.3% of Noront’s common shares on a fully diluted basis, including certain Noront directors and senior management, will enter into lock-up agreements under which they agree to vote in support of the Plan of Arrangement. Together with Wyloo Metals, holders of 45.7% of Noront’s common shares on a fully diluted basis are supportive of the Wyloo Offer.

  Wyloo Metals does not intend to support any alternate offers for Noront. Without the support of Wyloo Metals’ 37.2% direct interest in Noront, a competing plan of arrangement cannot be successful and a competing take-over bid will be unlikely to meet any minimum tender condition.

• A world-class Board of Directors

  Noront will be revitalized under the leadership of a new Board of Directors, featuring some of the world’s most experienced mining leaders who are committed to deliver Noront’s true potential to its shareholders.

Wyloo Metals is the only bidder that can deliver this unique combination of benefits to Noront shareholders.

The Ring of Fire is a long-term mining district with a present-day value that is impossible to accurately quantify. Only the Wyloo Offer can provide Noront shareholders with comfort in the knowledge that they have received sufficient optionality and value for their ownership of Canada’s next great mineral hub."

Luca Giacovazzi, Head of Wyloo Metals

EXPECTED TIMING

Completion of the Wyloo Offer is expected to occur in December 2021. The Wyloo Offer is subject to BHP’s right to match period of 5 business days.

ADVISORS

Wyloo Metals has engaged Maxit Capital LP to act as its financial advisor and McCarthy Tétrault LLP to act as its legal advisor. Shorecrest Group has also been engaged to act as Wyloo Metals’ strategic communications advisor and proxy solicitation and information agent.

MEDIA CONTACT:

Andrew Bennett

M +61 427 782 503

P +61 8 6460 4949

E abennett@tattarang.com

AURORA STRATEGY SPOKESPERSON:

David Ellis

M 416 704 0937

P 416 704 0937

E davide@aurorastrategy.com

ABOUT WYLOO METALS

Wyloo Metals is the metals and mining subsidiary of Tattarang, one of Australia’s largest private investment groups. Led by a multidisciplinary team of geologists, engineers and financial professionals, Wyloo Metals manages a diverse portfolio of exploration and development projects and cornerstone interests in a number of public and private companies. Wyloo Metals seeks to work closely with all stakeholders to accelerate projects through the development cycle while meeting the highest international environmental, social and governance standards. See more at: www.wyloometals.com.

Wyloo Canada Holdings Pty Ltd (“Wyloo Canada”), a wholly owned subsidiary of Wyloo Metals, currently holds an aggregate of 208,434,427 common shares of Noront, representing approximately 37.24% of the outstanding common shares of Noront. Wyloo Canada also holds warrants (“Noront Warrants”) to acquire 1,774,664 common shares of Noront at an exercise price of Cdn$0.35 per share. If the Noront Warrants are also fully exercised, Wyloo Canada would hold 210,209,091 common shares of Noront, representing approximately 37.43% of the outstanding common shares of Noront on a partially diluted basis.

DISCLAIMER

Some of the statements in this press release may be forward looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Wyloo Metals does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Wyloo Metals and its affiliate companies be liable to anyone for any decision made or action taken in connection with the information and/or statements in this press release or for any related damages.

This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed under Noront’s profile on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of such report may be obtained by contacting Wyloo Metals at info@wyloometals.com. The address of Wyloo Metals is PO Box 3155, Broadway Nedlands, WA 6009 Western Australia.

• Noront Board of Directors unanimously determines Wyloo Metals Offer of C$0.70 per share to be a Superior Proposal

• Proposed consideration of C$0.70 in cash per share represents a 192% premium to Noront’s unaffected closing price on May 21, 2021 and a 27% premium to BHP’s C$0.55 per share offer

• BHP has five business days to match Wyloo’s offer

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) today announced it has settled the terms of a proposal from Wyloo Metals Pty Ltd. and Wyloo Canada Holdings Pty Ltd (together, “Wyloo Metals”) under which Wyloo Metals would acquire up to 100% of the common shares of Noront for C$0.70 in cash pursuant to a statutory plan of arrangement under the Business Corporation Act (Ontario) (the “Wyloo Offer”). The consideration of C$0.70 in cash per share under the Wyloo Offer represents a 192% premium to Noront’s unaffected closing price on May 21, 2021 and a 27% premium to the BHP Western Mining Resources International Pty Ltd (“BHP”) C$0.55 per share offer (the “BHP Offer”).

Under the proposed arrangement agreement between Noront and Wyloo Metals (the “Arrangement Agreement”), Noront shareholders would be entitled to elect to sell all or a portion of their common shares to Wyloo Metals for C$0.70 per share. Shareholders who opt to retain their Noront common shares would continue as common shareholders in the Company going forward.

The Noront Board of Directors, on the basis of a recommendation from independent directors comprising Noront’s Special Committee of the Board of Directors, and supported by advice from external financial and legal advisors, has unanimously determined that the Wyloo Offer constitutes a superior proposal as compared to the outstanding BHP Offer.

Noront CEO, Alan Coutts: “Based on an evaluation by the Special Committee and its advisors, the Noront Board of Directors has determined that Wyloo Metals’ proposal represents superior value for our shareholders, compared to the offer by BHP."

BHP Right to Match
Pursuant to the terms of the support agreement among Noront, BHP and BHP Lonsdale Investments Pty Ltd (the “Support Agreement”), once the Company has determined that a superior proposal has been received, BHP has the right, but not the obligation, to offer to amend the terms of the BHP Offer. BHP has five business days from receiving notice of the superior proposal in accordance with the terms of the Support Agreement to negotiate with Noront, should BHP decide to do so, to amend the terms of the existing Support Agreement such that the Wyloo Offer is no longer considered by the Noront Board of Directors to be superior to the amended BHP offer. The Noront Board of Directors will, in good faith, review any such amended offer by BHP in order to determine whether such amendment would result in the Wyloo Offer no longer being a superior proposal when assessed against any such amended BHP offer. If BHP does not exercise its right to match within the period provided for in the Support Agreement, the Support Agreement will be terminated in accordance with its terms and the Arrangement Agreement will be immediately entered into by the Company and Wyloo Metals.

If the Arrangement Agreement is entered into, Wyloo Metals has also agreed to provide a loan to Noront of up to C$23 million (the "Wyloo Loan") to finance, among other things, the termination payment of C$13 million payable to BHP upon the termination of the Support Agreement, as well as other transaction related costs. The term of the Wyloo Loan will be 12 months from completion of the Wyloo transaction, with interest of 5% per annum payable quarterly in either cash or common shares of Noront, at the option of Noront and subject to receiving shareholder approval for the payment of interest in common shares of Noront, and subject to the approval of the TSXV Venture Exchange.

It is expected that, if the Support Agreement is terminated, certain Noront shareholders, including Noront directors and senior management, will enter into lock-up agreements under which they will agree to vote in support of the Wyloo Offer. Wyloo Metals currently holds approximately 37.25% of the Noront common shares.

The terms of the Arrangement Agreement, if executed, will provide that Wyloo Metals will be entitled to a termination payment of C$17 million (equal to approximately 4% of the total equity value of the transaction based on 100% of Noront’s fully diluted shares outstanding) if the Arrangement Agreement is terminated in certain circumstances. This termination payment will not be payable if BHP elects to match the Wyloo Offer and Noront and Wyloo Metals therefore do not enter into the Arrangement Agreement.

There is no action for Noront shareholders to take today. If Noront enters into the Arrangement Agreement with Wyloo Metals, additional information will be provided to Noront shareholders in advance of a Special Meeting of Shareholders to vote on the plan of arrangement. The applicable materials will also be available under Noront's profile on SEDAR at www.sedar.com, and on Noront's website at www.norontresources.com. The Company will continue to provide updates as developments warrant.

The entering into of the Wyloo Loan between Wyloo Metals and Noront, is considered to be a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Wyloo Metals has beneficial ownership of, and control or direction over, directly or indirectly, securities of the Company carrying more than 20% of the voting rights attached to all of Noront's outstanding voting securities. The Company did not file the material change report more than 21 days before the expected completion of the Wyloo Loan as the details of the Wyloo Loan were not settled until shortly prior to the announcement of the Wyloo Loan. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on section 5.5(b) of MI 61-101 as the Company is not listed on a specified market under MI 61-101. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(f) of MI 61-101.

Advisors
TD Securities Inc. is acting as financial advisor, Bennett Jones LLP is acting as legal counsel and Longview Communications & Public Affairs is acting as communications advisor to Noront.

About Noront Resources
Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com

Forward Looking Statements
Certain statements contained in this news release contain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information and statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: the Wyloo offer; the BHP Offer; and the BHP right to match.

Although Noront believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of the Special Committee of Noront as of the date hereof. Noront cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within the control of Noront, BHP, BHP Lonsdale Investments Pty Ltd or Wyloo Metals, and there is no assurance that they will prove correct. Consequently, there can be no assurance that the actual results or developments anticipated by Noront will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, Noront or its future results and performance.

Forward-looking information and statements in this news release are based on Noront's beliefs and opinions at the time the statements are made, and there should be no expectation that these forward-looking statements will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and Noront disavows and disclaims any obligation to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Noront.

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.

VANCOUVER, BC, Oct. 18, 2021 /CNW/ – Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSX-V: RCK) (Frankfurt: RJIB) (OTCQX: RCKTF) is pleased to announce completion of a pilot test program and prototype production of battery grade lithium hydroxide monohydrate greater than 99.5% purity, in compliance with end-user electric vehicle lithium-ion battery production specifications.

Rock Tech has been developing and optimizing a commercially proven process technology to produce battery grade lithium hydroxide monohydrate (BG-LHM) from various spodumene concentrates. The process technology was developed to optimize conversion and purification of lithium from concentrates produced at several mining operations in Australia and North America.

The process technology was pilot tested at Anzaplan of Germany to demonstrate product quality using the process design developed for Rock Tech by Wave International of Australia. Several test programs are in progress at various equipment vendor test facilities to finalize the design and process equipment selection for commercial scale solution purification and crystallization circuits.

Through consultation with tier 1 end users, the Company planned and delivered a high-end product specification which exceeds the requirements of GB/T 26008-2020 D1, a Chinese technical standard commonly considered as the benchmark for BG-LHM. The Company has targeted such a specification in order to attract tier 1 customers, and de-risk the future marketability of the Company's product as customers continue to demand higher specification cathode materials over time.

"We are pleased with the initial test results from our batchwise pilot program in Germany," said Don Stevens, Rock Tech's Chief Technology Officer. "The results demonstrate the functionality of our process flowsheet to produce high quality, battery grade lithium hydroxide and are key inputs into the design of our first planned commercial scale lithium hydroxide converter."

The Company has received a sample of BG-LHM as a product from the Anzaplan pilot test program and has begun shipping samples to potential customers (end-users) for product quality testing as offtake discussions progress.

"Discussions with potential LHM customers are intensifying," said Dirk Harbecke, Rock Tech's Chairman and Chief Executive Officer. "Understanding the performance of spodumene feedstock in our flowsheet and meeting potential customer product specifications are key milestones for us as we aim to build Europe's first lithium hydroxide converter."

About ANZAPLAN
The Dorfner group of companies is a leading European industrial and specialty minerals producer with more than a century of experience in industrial and specialty minerals processing, delivering high quality materials, purified products and refined additives to a wide range of industries including the chemical, pharmaceutical, electronics, ceramics and glass industry.

About Wave International
Wave International (Wave) are a leading consultancy specializing in the battery and technical metals sectors, with specific expertise in the lithium ion battery supply chain. Wave have over 18 years experience in lithium processing, including upstream mineral concentrates and downstream lithium chemical manufacturing. Wave are headquartered in Australia, with offices in the Netherlands, Mongolia and South Africa.

About Rock Tech Lithium Inc.
Rock Tech is a cleantech company powering the electric mobility revolution. The Company aims to serve the automotive industry with high-quality lithium hydroxide. Rock Tech's goal is to zero out emissions – one lithium battery at a time by becoming the first closed-loop lithium company, using and reusing lithium for a cleaner future.

On behalf of the Board of Directors,

"Dirk Harbecke"
Dirk Harbecke
Chairman & Chief Executive Officer

Cautionary Note Concerning Forward-Looking Information
The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this news release.

Certain information set forth in this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this news release, including those regarding Rock Tech's opinions, beliefs and expectations, business strategy, development and exploration opportunities and projects, mineral resource estimates, drilling and modeling plans, and plans and objectives of management for operations and properties constitute forward-looking information. Generally, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. All forward-looking information set forth in this news release are expressly qualified in their entirety by the cautionary statements referred to in this section.

Forward-looking information is based on certain estimates, expectations, analysis and opinions that are believed by management of Rock Tech to be reasonable at the time they were made or in certain cases, on third party expert opinions. It should be noted that, in order to achieve its objectives, Rock Tech will be required to raise additional funding and the availability of financing on satisfactory terms is not guaranteed. This forward-looking information was derived utilizing numerous assumptions regarding, among other things, the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products, expected growth, performance and business operation, prospects and opportunities, general business and economic conditions, results of development and exploration, Rock Tech's ability to procure supplies and other equipment necessary for its business, including development and exploration activities. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of future performance or results.

In addition, forward-looking information involves known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause Rock Tech's actual events, results, performance and/or achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or achievements to vary materially include the risk that Rock Tech will not be able to meet its financial obligations as they fall due, changes in commodity prices, Rock Tech's ability to retain and attract skilled staff and to secure feedstock from third party suppliers, unanticipated events and other difficulties related to construction, development and operation of converters and mines, the cost of compliance with current and future environmental and other laws and regulations, title defects, competition from existing and new competitors, changes in currency exchange rates and market prices of Rock Tech's securities, Rock Tech's history of losses, impacts of climate change and other risks and uncertainties discussed under the heading "Financial Instruments and Other Risks" in Rock Tech's most recently filed Management Discussion and Analysis, a copy of which is filed electronically through SEDAR and is available online at www.sedar.com. Such risks and uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to vary materially from the forward-looking information.

We cannot assure you that actual events, results, performance and/or achievements will be consistent with the forward-looking information and management's assumptions may prove to be incorrect. Our forward-looking information reflects Rock Tech management's views as at the date the information is created. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based.

The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this news release.

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SOURCE Rock Tech Lithium Inc.

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In this article we are going to use hedge fund sentiment as a tool and determine whether FMC Corporation (NYSE:FMC) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of news stories covering failed hedge fund investments and it is a fact that hedge funds' picks don't beat the market 100% of the time, but their consensus picks have historically done very well and have outperformed the market after adjusting for risk.

FMC Corporation (NYSE:FMC) shareholders have witnessed an increase in hedge fund sentiment recently. FMC Corporation (NYSE:FMC) was in 33 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 46. There were 32 hedge funds in our database with FMC holdings at the end of March. Our calculations also showed that FMC isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Hedge funds have more than $3.5 trillion in assets under management, so you can't expect their entire portfolios to beat the market by large margins. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 79 percentage points since March 2017 (see the details here). So you can still find a lot of gems by following hedge funds' moves today.

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 let's go over the fresh hedge fund action surrounding FMC Corporation (NYSE:FMC).

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

Heading into the third quarter of 2021, a total of 33 of the hedge funds tracked by Insider Monkey were long this stock, a change of 3% from the first quarter of 2020. The graph below displays the number of hedge funds with bullish position in FMC over the last 24 quarters. With hedgies' capital changing hands, there exists a few notable hedge fund managers who were adding to their stakes significantly (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Cardinal Capital, managed by Amy Minella, holds the biggest position in FMC Corporation (NYSE:FMC). Cardinal Capital has a $102.6 million position in the stock, comprising 2.5% of its 13F portfolio. Sitting at the No. 2 spot is Glenview Capital, led by Larry Robbins, holding a $94.4 million position; the fund has 1.6% of its 13F portfolio invested in the stock. Other professional money managers that hold long positions encompass D. E. Shaw's D E Shaw, Charles Paquelet's Skylands Capital and Phill Gross and Robert Atchinson's Adage Capital Management. In terms of the portfolio weights assigned to each position Lodge Hill Capital allocated the biggest weight to FMC Corporation (NYSE:FMC), around 4.01% of its 13F portfolio. Skylands Capital is also relatively very bullish on the stock, earmarking 2.8 percent of its 13F equity portfolio to FMC.

Now, key hedge funds have been driving this bullishness. Adage Capital Management, managed by Phill Gross and Robert Atchinson, established the most outsized position in FMC Corporation (NYSE:FMC). Adage Capital Management had $15.2 million invested in the company at the end of the quarter. Ray Dalio's Bridgewater Associates also initiated a $4.8 million position during the quarter. The other funds with brand new FMC positions are Paul Marshall and Ian Wace's Marshall Wace LLP, Donald Sussman's Paloma Partners, and Greg Poole's Echo Street Capital Management.

Let's check out hedge fund activity in other stocks similar to FMC Corporation (NYSE:FMC). These stocks are New Oriental Education & Technology Group Inc. (NYSE:EDU), Avalara, Inc. (NYSE:AVLR), Icahn Enterprises LP (NASDAQ:IEP), Open Text Corporation (NASDAQ:OTEX), Korea Electric Power Corporation (NYSE:KEP), Evergy, Inc. (NYSE:EVRG), and Campbell Soup Company (NYSE:CPB). This group of stocks' market valuations are similar to FMC's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position EDU,39,590421,-6 AVLR,29,1031140,-12 IEP,4,13111036,0 OTEX,14,300643,-2 KEP,4,18930,0 EVRG,21,1039354,-9 CPB,27,430218,-1 Average,19.7,2360249,-4.3 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 19.7 hedge funds with bullish positions and the average amount invested in these stocks was $2360 million. That figure was $372 million in FMC's case. New Oriental Education & Technology Group Inc. (NYSE:EDU) is the most popular stock in this table. On the other hand Icahn Enterprises LP (NASDAQ:IEP) is the least popular one with only 4 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 69. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 24.9% in 2021 through October 15th and beat the market again by 4.5 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 -14.1% since the end of June (through 10/15) 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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Disclosure: None. This article was originally published at Insider Monkey.

In this article we will analyze whether Albemarle Corporation (NYSE:ALB) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. While not all of these picks will be winners, our research shows that these picks historically outperformed the market by double digits annually.

Is Albemarle Corporation (NYSE:ALB) a good stock to buy? Prominent investors were taking a bearish view. The number of long hedge fund bets were cut by 3 in recent months. Albemarle Corporation (NYSE:ALB) was in 28 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 40. Our calculations also showed that ALB isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 31 hedge funds in our database with ALB holdings at the end of March.

According to most shareholders, hedge funds are viewed as underperforming, outdated investment tools of yesteryear. While there are over 8000 funds with their doors open at the moment, Our experts choose to focus on the moguls of this group, approximately 850 funds. These investment experts handle the majority of the smart money's total capital, and by tracking their finest investments, Insider Monkey has figured out various investment strategies that have historically outstripped the S&P 500 index. Insider Monkey's flagship short hedge fund strategy outpaced the S&P 500 short ETFs by around 20 percentage points a year since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.

Matthew Hulsizer of PEAK6 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. Now let's go over the recent hedge fund action regarding Albemarle Corporation (NYSE:ALB).

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

At Q2's end, a total of 28 of the hedge funds tracked by Insider Monkey were long this stock, a change of -10% from one quarter earlier. By comparison, 25 hedge funds held shares or bullish call options in ALB a year ago. With the smart money's capital changing hands, there exists an "upper tier" of notable hedge fund managers who were upping their stakes considerably (or already accumulated large positions).

The largest stake in Albemarle Corporation (NYSE:ALB) was held by Renaissance Technologies, which reported holding $30.8 million worth of stock at the end of June. It was followed by Citadel Investment Group with a $29.6 million position. Other investors bullish on the company included Bridgewater Associates, Baymount Management, and PEAK6 Capital Management. In terms of the portfolio weights assigned to each position Axel Capital Management allocated the biggest weight to Albemarle Corporation (NYSE:ALB), around 6.17% of its 13F portfolio. Quaero Capital is also relatively very bullish on the stock, designating 4.14 percent of its 13F equity portfolio to ALB.

Due to the fact that Albemarle Corporation (NYSE:ALB) has faced a decline in interest from the aggregate hedge fund industry, it's easy to see that there was a specific group of funds who were dropping their full holdings by the end of the second quarter. It's worth mentioning that Chuck Royce's Royce & Associates cut the largest investment of the 750 funds followed by Insider Monkey, totaling about $6.5 million in stock, and Ken Griffin's Citadel Investment Group was right behind this move, as the fund sold off about $5.1 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 3 funds by the end of the second quarter.

Let's go over hedge fund activity in other stocks – not necessarily in the same industry as Albemarle Corporation (NYSE:ALB) but similarly valued. We will take a look at Tradeweb Markets Inc. (NASDAQ:TW), Qualtrics International Inc. (NASDAQ:XM), Ubiquiti Inc. (NYSE:UI), Citizens Financial Group Inc (NYSE:CFG), Restaurant Brands International Inc (NYSE:QSR), The Cooper Companies, Inc. (NYSE:COO), and Essex Property Trust Inc (NYSE:ESS). All of these stocks' market caps resemble ALB's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position TW,15,164110,-11 XM,37,2430220,0 UI,23,285947,4 CFG,36,402274,-5 QSR,22,2007862,-4 COO,33,1150171,-10 ESS,21,281090,-9 Average,26.7,960239,-5 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 26.7 hedge funds with bullish positions and the average amount invested in these stocks was $960 million. That figure was $165 million in ALB's case. Qualtrics International Inc. (NASDAQ:XM) is the most popular stock in this table. On the other hand Tradeweb Markets Inc. (NASDAQ:TW) is the least popular one with only 15 bullish hedge fund positions. Albemarle Corporation (NYSE:ALB) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for ALB is 52.5. 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 24.9% in 2021 through October 15th and still beat the market by 4.5 percentage points. Hedge funds were also right about betting on ALB as the stock returned 36% since the end of Q2 (through 10/15) and outperformed the market. Hedge funds were rewarded for their relative bullishness.

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

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Investors interested in Chemical – Diversified stocks are likely familiar with Arkema SA (ARKAY) and FMC (FMC). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Currently, Arkema SA has a Zacks Rank of #2 (Buy), while FMC has a Zacks Rank of #5 (Strong Sell). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that ARKAY has an improving earnings outlook. But this is just one piece of the puzzle for value investors.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

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

ARKAY currently has a forward P/E ratio of 12.02, while FMC has a forward P/E of 13.53. We also note that ARKAY has a PEG ratio of 0.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FMC currently has a PEG ratio of 1.23.

Another notable valuation metric for ARKAY is its P/B ratio of 1.44. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, FMC has a P/B of 3.76.

These metrics, and several others, help ARKAY earn a Value grade of A, while FMC has been given a Value grade of C.

ARKAY has seen stronger estimate revision activity and sports more attractive valuation metrics than FMC, so it seems like value investors will conclude that ARKAY is the superior option right now.

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

TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) is pleased to announce that it has closed the second and final tranche of its $10 million subscription receipts private placement announced July 12, 2021.

William Randall, President and Chief Executive Officer of the Company, commented, “Given the continued international interest in the Pastos Grandes basin, closing this second and final tranche is a key step, as it provides Arena with funds to initiate an aggressive resource definition drill program. The Sal de la Puna Project is a key claim block in the basin, not only its lithium brine resource potential and extensive land position, but also its potential large freshwater resources. Along with our partners Ganfeng Lithium, we are in the final stages of planning our upcoming drill program and will be communicating the commencement of exploration activities in the near future.”

Private Placement

The Company has closed the second and final tranche of its private placement announced on July 12, 2021. In the first tranche, which closed and was announced on July 26, 2021, the Company issued 42,857,143 units to Lithium Americas Corporation ("Lithium Americas") (TSX: LAC; NYSE: LAC) for aggregate consideration of $6 million. In the second and final tranche, the Company issued a total of 28,571,428 units for an aggregate consideration of $4 million including 26,678,571 units to GFL International Co. Ltd., a subsidiary of Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”) (1772.HK; OTCQX: GNENF), for a further consideration of $3.735 million.

Post closing of this placement, Lithium Americas held 42,857,143 common shares and 21,428,571 warrants, and Ganfeng Lithium held 66,226,146 common shares and 33,113,072 warrants. The common shares, warrants and any shares issued upon the exercise of the warrants (the “Placement Securities”) issued to Lithium Americas in the first tranche closing are subject to a hold period ending on November 27, 2021. The Placement Securities issued or issuable to Ganfeng Lithium pursuant to the second closing are subject to a four month hold period expiring on February 15, 2022.

Sal de la Puna Joint-Venture

Arena and Ganfeng Lithium have entered into a joint venture for the exploration and development of the Sal de la Puna project, holding 65% and 35%, respectively, in a newly incorporated joint venture company through which the project is held. Ganfeng Lithium contributed USD $7,789,055 to acquire its stake in the joint venture through the exercise of its right to acquire a 35% interest in any project acquired by Arena (see Arena’s news release of February 4, 2021). The joint venture agreement provides for the funding of the project by the parties in proportion to their respective interests, which interests are subject to adjustment in the event that a party does not contribute its share of such funding. The joint venture company has a board comprised of two nominees of Arena and one nominee of Ganfeng, and a management committee comprised of two representatives of each shareholder, who are entitled to vote in proportion to the shares held by their nominating shareholders. As long as a shareholder holds at least 20% of the joint venture company’s shares, unanimous management committee approval is required for a variety of matters relating to the business of the joint venture company, including the approval of or any changes to budgets or work programs, the replacement of the operator, and various significant transactions, major expenditures, or changes to the joint venture company or its business.

Corporate Matters

The Company has engaged OGIB Corporate Bulletin Ltd and Bull Markets Media GmbH to provide investor awareness services.

About Arena Minerals Inc.

Arena owns 65% of the Sal de la Puna Project covering approximately 11,000 hectares of the Pastos Grandes basin located in Salta, Argentina. The claims are highly prospective and share the basin with two advanced lithium brine projects. In addition to Sal de la Puna, the Company owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products.

Arena also owns 80 percent of the Atacama Copper property within the Antofagasta region of Chile, and 5.8 million shares of Astra Exploration. The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district.

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

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or wrandall@arenaminerals.com.

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

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

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

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

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Albemarle (ALB), which belongs to the Zacks Chemical – Diversified industry, could be a great candidate to consider.

When looking at the last two reports, this specialty chemicals company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 23.23%, on average, in the last two quarters.

For the last reported quarter, Albemarle came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.83 per share, representing a surprise of 7.23%. For the previous quarter, the company was expected to post earnings of $0.79 per share and it actually produced earnings of $1.10 per share, delivering a surprise of 39.24%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Albemarle. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Albemarle currently has an Earnings ESP of +2.46%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on November 3, 2021.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

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Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI) (OTCQB:LIACF) (Frankfurt:5LA1) is pleased to announce that it has entered into an agreement with Eight Capital, on behalf of a syndicate of agents including Echelon Wealth Partners Inc. and TD Securities Inc., as co-lead agents and joint bookrunners (together the “Agents”) pursuant to which the Corporation has launched a private placement of up to 7,548,000 units (the “Units”), at an offering price of $2.65 per Unit (the “Issue Price”), for aggregate gross proceeds of up to $20,002,200 (the “Offering”).

Each Unit will be comprised of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $4.00 per Share, for a period of 24 months following the closing of the Offering.

The Corporation has also granted the Agents an option to offer for sale up to an additional 1,887,000 Units at the Issue Price, exercisable at any time until 48 hours prior to Closing, to cover over-allotments, if any.

The gross proceeds of the Offering will be used for exploration and development of the Company’s TLC Project, Falchani Project and the Macusani Project, and for working capital and general corporate purposes.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

The Offering is scheduled to close on or about November 3, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange. All securities to be issued in connection with the Offering will be subject to a statutory hold period expiring four-months-and-one-day following closing of the Offering.

About American Lithium

American Lithium, a member of the TSX Venture 50, 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.

The TSX Venture 50 is a ranking of the top performers in each of industry sectors in the TSX Venture Exchange over the last year.

For more information, please contact the Company atinfo@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.

Follow us on Facebook, Twitter and LinkedIn.

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

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.

Email: info@americanlithiumcorp.com

Website: www.americanlithiumcorp.com

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 press release.

Forward-Looking Statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Statements in this release that are forward-looking information, include, without limitation, use of proceeds from the placement. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed Annual Information Form and MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

NEW YORK, October 14, 2021–(BUSINESS WIRE)–Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today announced that Krishna McVey has joined the Company as Vice President of Human Resources. Reporting to Chief Executive Officer, Keith Phillips, Ms. McVey brings a broad, multi-dimensional background in human resources to Piedmont that includes experience in all aspects of labor and employment law and human capital management. Over her career Ms. McVey has led several complex, transformational organizational initiatives, as well as leading talent acquisition and management, design and implementation of compensation performance systems, and the formulation of a wide range of organizational policies for multinational, multi-business unit companies.

"Kris is a welcome addition to our expanding leadership team, and we feel extremely fortunate to have someone with her background and unique skillset join the Piedmont family," said CEO, Keith Phillips. "As we evolve from a pre-production, pre-revenue company, to a global, multi-asset organization with a growing workforce that could reach nearly 500 teammates, Kris’ diverse, international leadership experience will be invaluable in helping us build a world-class company, with a world-class culture, and world-class HR systems and practices."

Ms. McVey joins Piedmont from TC Transcontinental Packaging where she rose from Global Director of Human Resources to Vice President of Human Resources and U.S. Labor Relations. In her most recent role, she oversaw all human resources activities for TC’s largest consumer packaging segment, including cultural change management initiatives, and labor relations strategies in the U.S. and Canada. Prior to her time at TC Transcontinental, she had a 15-year career with Michelin with positions in both France and North America. She began her tenure at Michelin as Associate General Counsel, then progressed through the organization to become Director of Human Resources with the Aircraft Tire Division of Michelin North America where she developed policies and procedures for both the hourly and salaried population of the 500-employee operation. Ms. McVey began her career in private practice with the law firm Edwards Ballard where she represented a variety of private and public employers developing human resources policies and diversity programs, while providing extensive legal training to clients in all areas of human resources and employee relations.

Ms. McVey earned her Juris Doctor in Labor and Employment Law from the University of South Carolina School of Law, her Master of Human Resources from the Darla Moore School of Business at the University of South Carolina, as well as her Bachelor of Arts (French) degree from the University of South Carolina. Over her career, Ms. McVey has served on the Board of several philanthropic and community organizations, including SAFE Homes/Rape Crisis, the United Way of Stanly County, and the Centralina Workforce Development Board.

About Piedmont Lithium

Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in-demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005197/en/

Contacts

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

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

100% Owned Keymet Precious & Base Metal Property, New Brunswick

VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / GREAT ATLANTIC ESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it is completed the 2021 diamond drilling program at its Keymet Base Metal – Precious Metal Project, located in Northern New Brunswick. The drilling program, consisting of 10 holes (2,061 meters) tested testing numerous targets in the northwest region of the property. Veins containing semi-massive sulfides (including copper, zinc and lead sulfides) and arsenopyrite (an indicator for potential gold mineralization) were intersected in multiple holes. Analytical results are pending.

Sphalerite mineralization in drill hole Ky-21-30

The ten drill holes (Ky-21-23 to Ky-21-32) tested areas of polymetallic (zinc, copper, lead and silver) veins; untested electromagnetic anomalies; and gold bearing bedrock and float.

The Company previously discovered high grade gold, silver, copper and zinc in this region, including a drill intercept of 9.04% zinc, 9.19% copper and 1,158 gams per tonne (g/t) silver over 3.00 meters core length and a boulder sample returning 51 grams / tonne (g/t) gold.

Seven drill holes intersected veins hosting copper, zinc and / or lead sulfide mineralization, including veins with semi-massive sulfides. These include drill holes Ky-21-23 which tested the possible extension of the Elmtree Silver Mine vein occurrence southeast of the historic shaft; Ky-21-25 which tested a new target area; Ky-21-27, Ky-21-28, Ky-21-30, and Ky-21-31 which tested the Elmtree 12 polymetallic vein system; and Ky-21-29 which was the first drill hole into an electromagnetic anomaly.

Six drill holes (Ky-21-25 to Ky-21-30) intersected intervals with arsenopyrite mineralization. Previous work by the Company has identified gold mineralization associated with arsenopyrite mineralization in this region of the property.

The drill core is being geologically logged and with mineralized intervals (with base metal sulfides and arsenopyrite) being sampled. Half core samples will be submitted to an independent laboratory for multi-element analysis (including gold, zinc, copper, lead and silver).

High grade silver and lead is reported at the Emtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development.

Great Atlantic discovered high-grade zinc, copper and silver mineralization at the Emtree 12 polymetallic vein system during 2015 – 2018 drilling programs including:

• Ky-15-3: 16.68% Zn, 1.11% Cu, 0.44% Pb and 152 g/t Ag over 1.80 meters.

• Ky-15-4: 8.68% Zn, 0.29% Cu, 0.20% Pb and 44 g/t Ag over 4.28 meters.

• Ky-17-6: 7.67% Zn, 1.57% Cu, 0.48% Pb and 209 g/t Ag over 4.95 meters.

• Ky-18-10: 7.91% Zn, 0.53% Cu, 0.21% Pb and 77 g/t Ag over 3.27 meters.

• Ky-18-12: 8.90% Zn, 3.81% Cu, 0.60% Pb and 157 g/t Ag over 1.20 meters.

• Ky-18-14: 9.04% Zn, 9.19% Cu, 2.16% Pb and 1,158 g/t Ag over 3.00 meters.

• Ky-18-14: 12.08% Zn, 0.31% Cu, 0.30% Pb and 59 g/t Ag over 4.50 meters.

The Company is also conducting prospecting and rock / soil geochemical sampling during 2021 in the central region of the property with a focus on gold. The 2021 exploration program at the Keymet Property is being managed by a Qualified Person.

Historic Keymet Base Metal – Silver Mine (1950s)- burnt down and was never recapitalized
Located 8KM away from the previous operating
Nigadoo Mine that operated for over twenty years

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.

Historic gold bearing samples and gold soil anomalies referred to in the news release have not been verified by a Qualified Person.

The Keymet Property covers an area of approximately 3,400 hectares and is 100% owned by the Company.

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 Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/668119/Great-Atlantic-Completes-Drilling-Program-Intersects-Base-Metal-Sulfides-in-Semi-Massive-Sulfide-Veins-and-Indicator-Mineral-for-Gold-Mineralization

Lithium stock investors owe thanks to California Gov. Gavin Newsom. Last weekend, the Democratic governor signed into law a ban on the sale of new lawn mowers and other off-road equipment with small gas-powered engines, to take effect as early as 2024. This news is providing a tailwind this week for lithium stocks.

TORONTO, Oct. 14, 2021 /CNW/ – First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the "Company") is pleased to announce that it has received the second of three required permit amendments to recommission its hydrometallurgical refinery in Canada. Receipt of the Air & Noise Environmental Compliance Approval from the Ontario Ministry of the Environment, Conservation and Parks is yet another key milestone in the advancement of the Company's North American battery materials strategy.

HIGHLIGHTS

• The Air & Noise Permit is the second of three permit amendments to be approved in support of the Company's plans to produce North America's only supply of battery-grade cobalt for the electric vehicle market

• The third and final permit amendment has undergone community consultations, has been submitted to the Ministry for review and final approval is expected shortly

• The US$60 million facility expansion remains on schedule to be commissioned in Q4'2022

• Once commissioned, First Cobalt expects its hydrometallurgical refinery to have peer leading ESG credentials, with the lowest Scope 1 and Scope 2 emissions in the industry

Trent Mell, President & CEO commented, "In the first half of 2021, sales of electric vehicles in the U.S. were up more than 130% and that trend could accelerate with several new EV models hitting the market. With financing in place, receipt of this latest permit keeps us on schedule for Phase 1 of our North American Battery Materials Park strategy. By the end of 2022, we will be the only producer of battery-grade cobalt sulfate in North America. In 2023, Phase 2 will entail commercial-scale battery recycling from the same facility, leveraging existing personnel and infrastructure. In Phase 3, we will set our sights on building a nickel sulfate plant, once again becoming the sole North American supplier of an important raw material for the EV industry."

The Company will continue to update the market as key construction and commercial milestones are achieved.

About First Cobalt

First Cobalt's mission is to be a producer of diversified high-quality and sustainable battery materials. The Company owns a permitted North American hydrometallurgical refinery, a critical asset in the development and manufacturing of batteries for electric vehicles. First Cobalt owns the Iron Creek cobalt-copper project in Idaho, USA as well as several significant cobalt and silver properties in the Canadian Cobalt Camp.

On behalf of First Cobalt Corp.

Trent Mell
President & Chief Executive Officer

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.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE First Cobalt Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/14/c5767.html

Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI) (OTCQB:LIACF) (Frankfurt:5LA1) is pleased to announce that, in connection with its previously announced private placement offering of units (“Units”), it has entered into an amended agreement with Eight Capital, on behalf of a syndicate of agents including Echelon Wealth Partners Inc. and TD Securities Inc., as co-lead agents and joint bookrunners (together the “Agents”) pursuant to which the Corporation has increased the size of the private placement to up to 13,208,000 Units at an offering price of $2.65 per Unit (the “Issue Price”), for aggregate gross proceeds of up to $35,001,200 (the “Offering”), to accommodate investor demand.

Each Unit will be comprised of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $4.00 per Share, for a period of 24 months following the closing of the Offering.

In connection with the up-size, the Agents will no longer have an over-allotment option to increase the size of the Offering beyond the current Offering size.

The gross proceeds of the Offering will be used for exploration and development of the Company’s TLC Project, Falchani Project and the Macusani Project, and for working capital and general corporate purposes.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

The Offering is scheduled to close on or about November 3, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange. All securities to be issued in connection with the Offering will be subject to a statutory hold period expiring four-months-and-one-day following closing of the Offering.

About American Lithium

American Lithium, a member of the TSX Venture 50, 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.

The TSX Venture 50 is a ranking of the top performers in each of industry sectors in the TSX Venture Exchange over the last year.

For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.

Follow us on Facebook, Twitter and LinkedIn.

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

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.

Email: info@americanlithiumcorp.com

Website: www.americanlithiumcorp.com

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 press release.

Forward-Looking Statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Statements in this release that are forward-looking information, include, without limitation, closing of the Offering and use of proceeds from the Offering. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed Annual Information Form and MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Vancouver, British Columbia–(Newsfile Corp. – October 14, 2021) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) ("Millennial" or the "Company") announced on September 28, 2021 that it had entered into a definitive arrangement agreement with Contemporary Amperex Technology Co., Ltd. ("CATL") dated September 28, 2021 (the "Arrangement Agreement") pursuant to which CATL has agreed to acquire all of the outstanding common shares of Millennial ("Common Shares") by way of a plan of arrangement (the "Arrangement").

Millennial is pleased to announce that it has received an interim order of the British Columbia Supreme Court authorizing and approving various matters in connection with the Arrangement under the Business Corporations Act (British Columbia) including the holding of a special meeting to approve the Arrangement.

The Arrangement is subject to the approval of: (i) 66^2/3% of votes cast by holders of Common Shares ("Shareholders"); (ii) 66^2/3% of votes cast by Shareholders and holders of Common Share purchase warrants (together with Shareholders, "Voting Securityholders") voting together as a single class; and (iii) a simple majority of the votes cast by Shareholders excluding for this purpose the votes cast by any persons that are required to be excluded under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, at a special meeting of Voting Securityholders to be held on November 15, 2021 (the "Meeting"). All directors and senior officers of Millennial have entered into support and voting agreements pursuant to which they have agreed to vote their Common Shares in favour of the Arrangement.

It is anticipated that the management information circular for the Meeting, which contains further details of the Arrangement, will be mailed on or before October 25, 2021.

In addition to Voting Securityholder approval, the Arrangement is also subject to the receipt of Investment Canada Act (Canada) approval, court approval and other closing conditions customary in transactions of this nature.

Additionally, earlier this week the Company, CATL and Canada Brunp Contemporary (Investment) Ltd., a subsidiary of CATL incorporated under the laws of British Columbia (the "Purchaser") entered into an assignment and amendment agreement (the "Assignment and Amendment"). Under the terms of the Assignment and Amendment, CATL assigned all of its rights and obligations under the Arrangement Agreement to the Purchaser and confirmed that it is liable for the due and punctual performance by the Purchaser in respect of all of its obligations and liabilities under the Arrangement Agreement. The Assignment and Amendment Agreement also amended the Arrangement such that upon completion of the Arrangement, Millennial will merge with the Purchaser and thereafter become a subsidiary of CATL.

About Millennial

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

About CATL

CATL is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2020, CATL's EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy, and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including battery chemistry system, structure system, manufacturing system and business models.

MILLENNIAL LITHIUM CORP.

"Farhad Abasov"

President, CEO and Director

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.

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 similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the Arrangement, the anticipated Meeting date and completion of the Arrangement. The Company's current plans, expectations and intentions may be impacted by economic uncertainties arising out of Covid-19 pandemic or by the impact of current financial and other market conditions. 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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99745

Piedmont Lithium shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 78 to 81.

Let's talk about the popular Albemarle Corporation (NYSE:ALB). The company's shares led the NYSE gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at Albemarle’s outlook and value based on the most recent financial data to see if the opportunity still exists.

See our latest analysis for Albemarle

What's the opportunity in Albemarle?

According to my valuation model, the stock is currently overvalued by about 28%, trading at US$217 compared to my intrinsic value of $170.00. Not the best news for investors looking to buy! If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Albemarle’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.

Can we expect growth from Albemarle?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Albemarle's earnings over the next few years are expected to increase by 34%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.

What this means for you:

Are you a shareholder? ALB’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell? If you believe ALB should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.

Are you a potential investor? If you’ve been keeping tabs on ALB for some time, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there’s no upside from mispricing. However, the optimistic prospect is encouraging for ALB, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.

If you'd like to know more about Albemarle as a business, it's important to be aware of any risks it's facing. In terms of investment risks, we've identified 3 warning signs with Albemarle, and understanding them should be part of your investment process.

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

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

MISSISSAUGA, Ontario, Oct. 12, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V:CCB), (FF:U7N1) announces it has closed a non-brokered private placement (the “Private Placement”) for the issuance of 3,478,260 flow-through shares for $0.115 per share for gross proceeds of $399,999.90. No finder’s fees were paid in connection with the Private Placement.

In accordance with applicable securities legislation, all securities issued in the Private Placement are subject to a statutory hold period of four months and one day.

The proceeds of the Private Placement will be used on eligible expenditures for the upcoming exploration program on the Miller property.

For further information:

Olga Nikitovic
Chief Executive Officer
Canada Carbon Inc.
info@canadacarbon.com

Valerie Pomerleau
Director Public Affairs and Communications
Canada Carbon Inc.
valerie@ryanap.com
(819) 856-5678

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

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

AZZ Inc. AZZ reported earnings per share of 76 cents in second-quarter fiscal 2022 (ended Aug 31, 2021). The bottom line surpassed the Zacks Consensus Estimate of 65 cents by 16.9%.

Total Revenues

In the quarter, the company reported revenues of $216.5 million, which missed the Zacks Consensus Estimate of $221 million by 2%.

Driven by strength in its reportable segments, the top line increased 6.4% from $216.5 million in the prior-year quarter. Revenues from Energy and Metal Coatings segments increased 0.6% and 10.7%, respectively, year over year.

AZZ Inc. Price, Consensus and EPS Surprise

AZZ Inc. price-consensus-eps-surprise-chart | AZZ Inc. Quote

Backlog & Bookings

Bookings in second-quarter fiscal 2022 increased to $231.8 million from $208.6 million a year ago. AZZ’s book-to-sales ratio was 1.07 compared with 1.03 in the year-ago period.

At the end of the fiscal second quarter, its total backlog was $201.5 million, down 4.3% from the year-ago period. The decrease in backlog is largely attributable to the completion of large orders in China. However, sequentially backlog was up $15.4 million, or 8.3%.

Quarterly Highlights

Total operating income in the quarter increased substantially to $26.5 million from the year-ago figure of $0.7 million.

Selling, general and administrative expenses were $28.6 million, increasing 6.7% from $26.8 million in the prior-year quarter.

Interest expenses decreased 28% to $1.8 million from $2.5 million.

During the quarter, the company repurchased shares worth $15 million. Year to date, AZZ has repurchased 416,279 shares of common stock, totaling $21.2 million.

Financial Highlights

Current Assets as of Aug 31, 2021, amounted to $329.1 million compared with $303.5 million as of Feb 28, 2021.

Long-term debt (net) was $182.4 million as of Aug 31, 2021, compared with $178.4 million on Feb 28, 2021.

Net cash from operating activities during the first half of fiscal 2022 was $37.8 million compared with $32.2 million in the first half of fiscal 2021.

Guidance

The company revised its fiscal 2022 EPS guidance to the range of $2.90-$3.20 per share from prior expectation of $2.65-$3.05. It expects sales in the range of $865 million to $925 million compared with prior expectation of $855 million to $935 million.

Zacks Rank

AZZ currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Manufacturing Electronics Releases

Eaton Corp. ETN is expected to release third-quarter 2021 results on Nov 2. The Zacks Consensus Estimate for the quarter is pegged at $1.74.

A. O. Smith Corp. AOS is going to release third-quarter 2021 results on Oct 28. The Zacks Consensus Estimate for the quarter to be reported is pegged at 67 cents.

Enersys ENS is expected to release second-quarter fiscal 2022 results on Nov 10. The Zacks Consensus Estimate for the quarter is pegged at $1.06.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

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

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

AZZ Inc. (AZZ) : Free Stock Analysis Report

Enersys (ENS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – October 12, 2021) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") plans to extend a step-out fall-winter drill program with up to a 1,000 metre (m) diamond drill program at the Southern Gold Zone bulk tonnage target at the Miner Mountain Project near Princeton, BC. The newly discovered Southern Gold Zone, exposed at surface, intersected gold mineralization in five out of the six 2021 drill holes. Four diamond drill holes grade between 0.60 to 1.08 grams per tonne (gpt) gold over 59 to 93 m (Table 1) located on three sections spaced at 50 m apart (Figure 1). Bench-scale metallurgical gravity and leaching tests recovered 95.8% of the contained gold in a representative drill core sample. The Southern Gold Zone mineralization has no deleterious elements and very low values of base metals as confirmed by metallurgical testing (see NR August 11, 2021).

CEO J. Paul Stevenson comments, "We are looking forward to more exciting news from this recently discovered gold target. We have been able to determine that the mineralization starts at or near surface based on the north-south drill sections. We plan to extend the mineralization south of current sections and step-outs with new 50 m-spaced sections located east and west on either side of the drilled mineralization."

The Southern Gold Zone is hosted in medium to fine-grained diorite-monzonite that intrude sediments located to the south. The gold values are associated with very fine-grained disseminated pyrite that ranges from <1% up to 3% in the host rocks whereas less hydrothermal hematite replaces primary magnetite in mineralized drill intersections. Moderate to strong pervasive variable chlorite, K-feldspar, sericite, calcite, and epidote alteration assemblages are associated with the gold mineralization.

Several dozen representative samples have been collected from the 2021 drill holes for petrographic examination. The results will help to understand the genesis of the mineralization and aid exploration and will also clarify the relation of gold to pyrite and hematite and the high recovery of gold values extracted from the recent bench-scale metallurgical leach testing.

Figure 1. Southern Gold Zone 2021 drill holes results, proposed holes in A-F green and red short dash line marks gold mineralization boundary intersected in DDH 46; this figure is available at www.segoresources.com.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1056/99251_59aa06327420bac0_002full.jpg

Table 1. Diamond drill holes gold intersections at the Southern Gold Zone.

An initial bench scale 32.9 kg representative sample from DDH46 and DDH47 core (April drill program) was submitted to Met-Solve Laboratories Inc. to investigate recovery tests using gravity and leaching CN (cyanide) methods. The work concluded 9.8% of the gold reports to gravity concentration and 59.3% of the gold was recovered in 1 hour and 72.6 % after 3 hours using a CN leaching process. An impressive 95.8% of the gold was recovered from the composite sample with little further testing and minimum CN leachate and is used to recover gold in bulk deposits generally mined by open pit in Nevada, USA and elsewhere. The complete "Sego Resources Inc. Metallurgical Test Work Report" is available at www.segoresources.com.

Previous exploration prior to 2020 Sego has identified porphyry copper-gold targets at the Miner Mountain Project north of the Southern Gold Zone where deep roots of the mineralization have been structurally offset by a flat-fault zone that lies roughly 100 m to 130 m deep. The upper fault plate which hosts the known Cuba and other zones of mineralization could have been displaced an unknown distance probably from the north to the south. An example of the mineralization, the Cuba Zone, measures 750 m long by ~50 m wide and carries significant intersections such as 0.946% Cu 0.55 g/t Au 3.473 g/t Ag over 100.4 m in DDH21 (see NR March 12, 2012). In a future exploration program, deep holes are proposed to be collared north of the Cuba Zone and inclined steeply north that will test deep truncated mineralization below the mineralization and alteration of the Granby and Quintana Zones.

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

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

For further information please contact:

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99251

Lithium Americas saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 90 to 93. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. Lithium Americas stock is now considered extended and out of a traditional buy range after clearing a 17.07 buy point in a first-stage cup without handle.

READING, Pa., Oct. 12, 2021 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today it has joined the CEO Water Mandate, a UN Global Compact initiative in co-secretariat with the Pacific Institute. As part of EnerSys’ ongoing commitment to using water and other natural resources efficiently and reducing the impacts of our resource use, these actions strengthen the company’s commitment to implement innovative, sustainable water strategies across its facilities around the world.

The CEO Water Mandate is a platform for business leaders and learners to advance water stewardship practice. Companies that endorse the CEO Water Mandate commit to action and continuous improvement across six key elements of water conservation, and to report annually on their progress, which includes direct operations, supply chain, and watershed management, collective action, public policy, community engagement, and transparency.

In implementing water stewardship, endorsing companies also identify and reduce critical water risks to their businesses, seize water-related saving opportunities, and contribute to water security and the United Nations Sustainable Development Goals. The CEO Water Mandate is now endorsed by EnerSys and over 200 companies from various industries around the world.

“The vision of EnerSys is Powering the Future – Everywhere for Everyone. This vision includes supporting the conservation of natural resources through both pioneering resource-efficient products as well as implementing improvements throughout our global business operations. Whether it is through innovations like Thin Plate Pure Lead (TPPL) battery technology that significantly reduces water use from traditional batteries, or the ongoing investment in greater efficiency and water recycling opportunities in our facilities, EnerSys understands the value of water resilience and the importance of partnerships to support our natural resources and the environment,” said EnerSys President and CEO David M. Shaffer.

Caution Concerning Forward-Looking Statements

EnerSys is making this statement in order to satisfy the “Safe Harbor” provision contained in the Private Securities Litigation Reform Act of 1995. Any of the statements contained in this press release that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. Forward-looking statements may be based on expectations concerning future events and are subject to risks and uncertainties relating to operations and the economic environment, all of which are difficult to predict and many of which are beyond our control. For a discussion of such risks and uncertainties that could cause actual results to differ materially from those matters expressed in or implied by forward-looking statements, please see our risk factors as disclosed in the “Risk Factors” section of our annual report on Form 10-K for fiscal year ended March 31, 2021. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

About EnerSys

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

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

About the CEO Water Mandate

The CEO Water Mandate is a United Nations Global Compact initiative that mobilizes business leaders on water, sanitation, and the Sustainable Development Goals for corporate water stewardship. Endorsers of the Mandate commit to continuous progress against six core elements (direct operations, supply chain and watershed management, collective action, public policy, community engagement and transparency) and in so doing understand and manage their own water risks. Established in 2007 and implemented in partnership with the Pacific Institute, the Mandate was created out of the acknowledgment that global water challenges create risk for a wide range of industry sectors, the public sector, local communities and ecosystems alike. For more information, follow @H2O_stewards on Twitter and visit our website at ceowatermandate.org.

About the United Nations Global Compact:

As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 12,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org.

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

Smaller lithium stocks are attracting greater investor interest as underlying companies make progress.

• Planned investment sum 470 million euros, expected production start in 2024

• Central component of the European battery value chain secures the lithium requirements of around 500,000 electric vehicles per year

• Brandenburg's Economics Minister Steinbach: "With Rock Tech Lithium, we are strengthening our position as the future center of European e-mobility."

GUBEN, Germany, Oct. 10, 2021 /PRNewswire/ – Rock Tech Lithium Inc., a cleantech company with offices in Canada and Germany, is planning to build Europe's first lithium converter – a production plant for battery-grade lithium hydroxide – in Guben, Brandenburg.

The company intends to locate all production steps of lithium refining in one overall plant at the Guben site. The investment decision for all production steps still depends, among other things, on ongoing discussions regarding subsidies already applied for or still to be applied for. With its long industrial tradition and existing infrastructure, the region offers the best conditions for becoming a central component of the battery value chain and thus part of Brandenburg's e-mobility cluster. The planned total investment volume at the Guben site for all factory units is up to 470 million euros. With the entire plant in operation, around 160 technicians, engineers and production staff would be employed on site. Together, they would produce around 24,000 metric tons of lithium hydroxide per year. This would correspond to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

With the acquisition of the site in the Guben South industrial park, Rock Tech Lithium is now creating the basis for the planned converter construction. The site, which covers a total of around twelve hectares, offers extensive space for the construction of facilities for all individual production steps in lithium refining. The already good traffic connection will be further optimized by a possible rail connection. Rock Tech Lithium will seek a close exchange with authorities, experts and local stakeholders for the planning and approval process. The converter is scheduled to start operations in 2024. Locally sourced renewable energy is to be used for production. In order to acquire the site, Rock Tech will make a cash payment to the property owners totalling 1,130,877€ no later than six (6) months from the date of the agreement. The property owners are at arm's length to Rock Tech.

Dirk Harbecke, Chief Executive Officer of Rock Tech Lithium, explains, "We are becoming the lithium partner of the automotive industry and are building our own, previously non-existent infrastructure for battery-grade lithium hydroxide in Europe. Our goal is to be the first company worldwide to create a closed loop for lithium. Guben seems to us to be the ideal location for this, with subsidies also playing a significant role." By 2030, the cleantech company plans to obtain around 50 percent of the raw materials it uses from recycling spent batteries.

The EU Commission estimates that European lithium demand for e-car batteries alone will increase 18-fold by 2030 and as much as 60-fold by 2050. A sustainable and resilient raw material supply is thus becoming a strategically decisive factor for the automotive industry.

"With Rock Tech Lithium, we are strengthening our position as the future center of European e-mobility. Brandenburg will be home to the entire value chain in the future. From raw material processing to battery and cell production to e-car construction as well as battery recycling. In this way, we are once again clearly demonstrating our own claim that Brandenburg is a state of innovation. I am all the more pleased that Rock Tech Lithium has chosen Guben as an industrial location in the energy region of Lusatia. This is an important sign for the people of the region. The Lusatia structural process has begun and is showing its first positive results. Lusatia is and will remain an important energy region in Germany," explains Jörg Steinbach, Minister for Economic Affairs, Labor and Energy of the State of Brandenburg.

The decision in favor of Guben was preceded by a Europe-wide site search. In the end, the city of Guben came out on top due to its excellent conditions. Guben's mayor Fred Mahro is also pleased about the decision and explains: "The fact that we have found an investor so quickly for the recently decided expansion of our industrial area shows the great potential of our European city. The economic development agencies of the state, the district and the city have cooperated optimally and won a strong partner for Guben and our region with Rock Tech Lithium."

Harald Altekrüger, District Administrator of the Spree-Neiße District, adds: "The fact that Rock Tech Lithium has chosen our district is proof of our good work. In recent years, we have created structures that offer innovative companies good investment opportunities. We will continue to accompany the settlement and further development of Rock Tech Lithium with commitment."

About Rock Tech Lithium Inc.

Rock Tech Lithium is a cleantech company with operations in Canada and Germany that will supply the automotive industry with high quality lithium hydroxide "made in Germany". As early as 2024, the company will commission Europe's first lithium converter with a production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

The cleantech company has set itself the goal of creating the world's first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake lithium project in Ontario, Canada and, as early as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.

Rock Tech Lithium is listed on the TSX Venture and Frankfurt stock exchanges. The company is led by Dirk Harbecke, Chairman & CEO, Stefan Krause, Chief Financial Officer, and Don Stevens, Chief Technology Officer and Esther Bahne as Chief Strategy & Marketing Officer.

Rock Tech Lithium – The fuel for the battery age

www.rocktechlithium.com

On behalf of the Board of Directors,

Dirk Harbecke
Chairman and Chief Executive Officer

Cautionary Note Concerning Forward-Looking Information

The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this news release.

Certain information set forth in this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this news release, including those regarding Rock Tech's opinions, beliefs and expectations, business strategy, development and exploration opportunities and projects, mineral resource estimates, drilling and modeling plans, and plans and objectives of management for operations and properties constitute forward-looking information. Generally, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. All forward-looking information set forth in this news release are expressly qualified in their entirety by the cautionary statements referred to in this section.

Forward-looking information is based on certain estimates, expectations, analysis and opinions that are believed by management of Rock Tech to be reasonable at the time they were made or in certain cases, on third party expert opinions. It should be noted that, in order to proceed with the planned investment of 470€ million contained herein, Rock Tech will be required to raise additional funding and the availability of financing on satisfactory terms is not guaranteed. This forward-looking information was derived utilizing numerous assumptions regarding, among other things, the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products, expected growth, performance and business operation, prospects and opportunities, general business and economic conditions, results of development and exploration, Rock Tech's ability to procure supplies and other equipment necessary for its business, including development and exploration activities. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of future performance or results.

In addition, forward-looking information involves known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause Rock Tech's actual events, results, performance and/or achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or achievements to vary materially include the risk that Rock Tech will not be able to meet its financial obligations as they fall due, changes in commodity prices, Rock Tech's ability to retain and attract skilled staff and to secure feedstock from third party suppliers, unanticipated events and other difficulties related to construction, development and operation of converters and mines, the cost of compliance with current and future environmental and other laws and regulations, title defects, competition from existing and new competitors, changes in currency exchange rates and market prices of Rock Tech's securities, Rock Tech's history of losses, impacts of climate change and other risks and uncertainties discussed under the heading "Financial Instruments and Other Risks" in Rock Tech's most recently filed Management Discussion and Analysis, a copy of which is filed electronically through SEDAR and is available online at www.sedar.com. Such risks and uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to vary materially from the forward-looking information.

We cannot assure you that actual events, results, performance and/or achievements will be consistent with the forward-looking information and management's assumptions may prove to be incorrect. Our forward-looking information reflects Rock Tech management's views as at the date the information is created. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based.

The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this news release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/drive-for-e-batteries-europes-first-lithium-hydroxide-converter-to-be-built-in-brandenburg-germany-301396650.html

SOURCE Rock Tech Lithium Inc.

London Metal Exchange (LME) has teamed up with Germany’s Metalshub to establish an online spot trading platform for base metals.

The collaboration will start with low carbon aluminium early next year in an attempt to boost its sustainability drive. 

Over the coming months, the exchange will undertake focused market engagement with its industrial user groups globally in order to develop a suitable product pipeline.

LME, which was established in 1877, is the world’s oldest and largest market for industrial metals. It said on Monday that it is beginning with aluminium because power is a major component in the smelting process, often up to 40%.

However, aluminium is important for the energy transition, including in the automotive industry where it is valued for its lightweighting properties in electric vehicles (EVs), LME said.

Read more: IPO Watch: EDF's charging firm Pod Point plans London Stock Exchange listing

Its primary aluminium contract has the highest volumes of any contract traded on the exchange, however due to the coronavirus pandemic overall volumes have declined.

The LME temporarily closed its floor for open outcry trading for 18-months amid the health crisis, reopening only last month with a new structure. During the pandemic, the bourse shifted to an electronic system to determine daily benchmark prices.

Metalshub currently focuses on the steel industry, providing an array of ferroalloys as well as various base and minor metal products via its marketplace. Its second most traded product is nickel, which is also traded on the LME.

The German bourse expects its turnover to more than triple this year to around €1bn (£850m, $1.16bn) after attracting big clients such as miner Anglo American (AAL.L).

Read more: Anglo American's profit soars 1,000% thanks to China and battery demand

“We are delighted to be working with Metalshub to develop and support the delivery of digital spot trading services to our global industrial user base,” Robin Martin, LME head of market development, said.

“Physical metals trading needs are increasingly being met with digital solutions, which offer benefits such as transparency, efficiency and easily evidenced compliance with procurement requirements.

“As the global centre for industrial metals futures trading, the LME is well-positioned to work with the outstanding Metalshub management team, to help expand the Metalshub product base and develop its direct connectivity with the physical market.”

Watch: Why the LME Backtracked on closing trading floor for good

We’re living now at the start of a great economic transition, from the fossil fuel economy to the ‘green’ economy. We’re seeing political moves to boost clean energy sources over fossil fuels, as well as to promote cleaner tech, especially vehicles. One immediate result is a wide array of companies, new and old, getting into the electric vehicle (EV) business and its auxiliaries, opening up new opportunities for investors.

One particularly strong field for such opportunities: supporting infrastructure. Developing new battery technology, recycling old batteries, expanding the EV charging network, exploring and exploiting lithium deposits – these, and more, are all areas that will need solutions as the number of electric cars on the roads continues to grow. And the companies that can successfully build in one of these niches will bring investors the returns they want.

With this in mind, we’ve used TipRanks' database to look up the latest details on three EV battery stocks. They are producing the raw materials and support structure that EVs require for success. And better yet, Wall Street’s analysts see them as mid- to long-term winners. Let's take a closer look.

Lithium Americas (LAC)

We’ll start with a mining company. Lithium Americas, a Canadian-based resource company, has two major projects for the production of battery-grade lithium carbonate. This is an essential mineral in the current rechargeable battery production, and Lithium Americas’ projects are expected to produce approximately 100,000 metric tons annually over the next four decades. The mines, Cauchari-Olaroz in northern Argentina and Thacker Pass in Nevada, are gearing up for production in the next 6 to 8 months. Thacker Pass contains the most significant recoverable lithium deposits in the US.

Lithium Americas reported, in its 2Q results, that both projects remain on track. The Cauchari-Olaroz project has 1,200 workers on site, and chemical and processing plants for recovered lithium, which are being built at the mine site, are two-thirds or more complete. This Argentinian lithium project is expected to produced 40,000 tons annually of the company’s total, starting in the middle of next year.

The Thacker Pass mine, in Nevada, is also reported to be meeting the company’s development schedule. The mine, when it begins production later this year, will make lithium a major export from Nevada, which is already known as a mining-intensive state. The Thacker Pass mine is projected to reach some 60,000 tons annually at full output.

Lithium Americas’ mines have not yet entered production, so the company has no revenue stream as yet. This makes the stock highly speculative, but with reason to be bullish: the company’s development is running on time, as is the governmental regulatory process. In addition, the company reported having $505 million in cash on hand and $156 million in undrawn credit at the end of 1H21, available for funding operations.

J.P. Morgan's Tyler Langton sees potential for Lithium Americas – in fact, the analyst initiated coverage of this stock with an Overweight (i.e. Buy) rating and a price target of $28. This figure implies ~36% one-year upside potential. (To watch Langton’s track record, click here)

Backing his stance, Langton wrote: “Demand for lithium should roughly double from 2021E through 2025E, and then double again from 2025E through 2030E. The biggest driver of this growth should be from electric vehicles (especially battery electric vehicles) continuing to gain share and larger battery sizes… LAC should see strong and steady production growth through the end of the decade, while its two projects should have attractive positions on the cost curve. LAC also has a solid balance sheet to fund this growth and significant leverage to our lithium price forecasts…”

Overall, there are 5 recent analyst reviews on file for Lithium Americas, and they include 4 Buys against a single Hold to give the stock a Strong Buy consensus rating. Shares are selling for $20.60 and the $24.43 average price target suggests the stock has room for ~19% growth in the year ahead. (See LAC stock analysis on TipRanks)

Albemarle Corporation (ALB)

Next up is Albemarle, a North Carolina-based chemical manufacturer. The company produces lithium and bromine chemical products, as well as catalysts needed in other chemical manufacturing processes. Albemarle has been in business since the 1880s, and has operations across the United States, Chile, and Western Australia, as well as in East Asia, the Middle East, and Europe. The company is the largest global provider of lithium for EV battery backs.

Some recent numbers will show Albemarle’s importance in the global chemical industry. In the last reported quarter, 2Q21, EPS hit $3.62, derived from $424.6 million in net income. This was more than 4x higher than the 80-cent EPS reported in the year ago quarter.

During the second quarter, Albemarle streamlined its operations through the sale of its Fine Chemistry Services division to W.R. Grace & Company. The sale was worth $570 million, of which $300 million was paid in cash and $270 million was issued to Albemarle as preferred equity in a W.R. Grace subsidiary. Albemarle will use the proceeds to execute its long-term growth strategy, which includes a greater focus on lithium operations. The company reported that its lithium performance expanded in the first half of this year.

In September of this year, Albemarle took a major step to increase its lithium production through the acquisition of the Chinese company Guangxi Tianyuan New Energy Materials. Guangxi Tianyuan is a lithium converter company for which Albemarle agreed to pay US$200 million. The deal is expected to close early next year.

Berenberg analyst Sebastian Bray is openly bullish on Albemarle’s prospects, writing of the company: “We expect demand for lithium, the key material used in electric vehicle batteries, to grow strongly during this decade, and pricing to remain firm. We forecast long-term contract prices for Albemarle of USD16,000 per ton, significantly ahead of Albemarle’s 2020 Aaverage contract prices of USD13,000… We expect Albemarle’s earnings to grow strongly on the back of lithium capacity additions. We estimate Albemarle’s production will increase five-fold by 2030E, quickly contracting current valuation multiples."

In line with these comments, Bray rates ALB shares a Buy, with a $280 price target that indicates a 12-month upside of 30%. (To watch Bray’s track record, click here)

Albemarle also gets decent support from Bray's colleagues; Based on 10 Buys, 4 Holds and 2 Sells, the stock has a Moderate Buy consensus rating. At $254.38, the average price target suggests upside of ~18% in the year ahead. (See ALB stock analysis on TipRanks)

ChargePoint Holdings (CHPT)

ChargePoint is one of the largest operators of EV charging station networks in the US and Europe. ChargePoint has more than 5,000 commercial and fleet customers, which include 76% of the Fortune 50 companies. In addition, ChargePoint boasts over 118,000 charging locations in its North American and European networks.

ChargePoint recent reported its Q2 fiscal 2022 results, and showed revenue of $56.1 million, up 61% year-over-year. Of that total revenue, $40.9 million came from networked charging; this was a 91% gain yoy. The company reported more than $618 million in liquid assets.

In a point of interest for investors, ChargePoint raised its full-year guidance range by 15% at the midpoint, to the $225 million to $235 million range.

Earlier this month, ChargePoint announced strategic moves in its European operations, including the acquisition of has·to·be. has·to·be is the provider of be.ENERGISED, a cloud-based e-mobility EV charging software platform. The acquisition will allow ChargePoint to further expand its position in the European EV charging ecosystem, and follows the acquisition of ViriCiti in August.

In coverage for D.A. Davidson, Matt Summerville notes two important factors in CHPT’s prospects: “(1) CHPT has a meaningful first-mover advantage in the North American public L2 EV charging market, with a portfolio of well-regarded products, 100% of which are sold with a CHPT Cloud software subscription (and an approximately 60% of which generate subscriptions from its Assure service/maintenance plan) and can be accessed via CHPT’s highly-downloaded/rated mobile app or via an EV’s infotainment system; (2) a growing presence in the rapidly-expanding European EV charging market, underpinned by its recent acquisitions of has·to·be and ViriCiti…”

To this end, Summerville rates the stock a Buy, and his $30 price target suggests it sill grow 63% over the next year. (To watch Summerville’s track record, click here)

Overall, ChargePoint’s 11 recent analyst reviews include 7 Buys, 3 Holds, and 1 Sell, giving the stock its Moderate Buy consensus rating. The average price target of $34 implies a bullish upside of ~85% from the current trading price of $18.40. (See CHPT stock analysis on TipRanks)

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

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

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Vital Metals (ASX:VML) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for Vital Metals

How Long Is Vital Metals' Cash Runway?

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at June 2021, Vital Metals had cash of AU$35m and no debt. Looking at the last year, the company burnt through AU$16m. Therefore, from June 2021 it had 2.2 years of cash runway. Arguably, that's a prudent and sensible length of runway to have. The image below shows how its cash balance has been changing over the last few years.

How Is Vital Metals' Cash Burn Changing Over Time?

Vital Metals didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. In fact, it ramped its spending strongly over the last year, increasing cash burn by 134%. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Admittedly, we're a bit cautious of Vital Metals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Easily Can Vital Metals Raise Cash?

Given its cash burn trajectory, Vital Metals shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$229m, Vital Metals' AU$16m in cash burn equates to about 7.0% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

Is Vital Metals' Cash Burn A Worry?

On this analysis of Vital Metals' cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. On another note, we conducted an in-depth investigation of the company, and identified 4 warning signs for Vital Metals (3 are potentially serious!) that you should be aware of before investing here.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

BRISBANE, Australia, Oct. 08, 2021 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) will release the September Quarterly Production Report on Friday 22 October 2021. Managing Director and CEO, Mr. Martín Pérez de Solay will conduct a live webcast briefing at 10am AEST (Brisbane), 11am AEDT (Sydney, Melbourne). The webcast briefing will be available via Orocobre’s website www.orocobre.com. Written questions may be submitted via the webcast.

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

Rick Anthon
Joint Company Secretary

For more information please contact:

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

Twitter: https://twitter.com/OrocobreLimited
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Click here to subscribe to the Orocobre e-Newsletter

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

Given this risk, we thought we'd take a look at whether Havilah Resources (ASX:HAV) shareholders should be worried about its cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. Let's start with an examination of the business' cash, relative to its cash burn.

Check out our latest analysis for Havilah Resources

Does Havilah Resources Have A Long Cash Runway?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. Havilah Resources has such a small amount of debt that we'll set it aside, and focus on the AU$5.9m in cash it held at January 2021. Importantly, its cash burn was AU$2.9m over the trailing twelve months. That means it had a cash runway of about 2.0 years as of January 2021. That's decent, giving the company a couple years to develop its business. Depicted below, you can see how its cash holdings have changed over time.

How Is Havilah Resources' Cash Burn Changing Over Time?

In our view, Havilah Resources doesn't yet produce significant amounts of operating revenue, since it reported just AU$167k in the last twelve months. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. Notably, its cash burn was actually down by 57% in the last year, which is a real positive in terms of resilience, but uninspiring when it comes to investment for growth. Havilah Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Havilah Resources Raise More Cash Easily?

There's no doubt Havilah Resources' rapidly reducing cash burn brings comfort, but even if it's only hypothetical, it's always worth asking how easily it could raise more money to fund further growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Havilah Resources' cash burn of AU$2.9m is about 5.1% of its AU$57m market capitalisation. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

Is Havilah Resources' Cash Burn A Worry?

It may already be apparent to you that we're relatively comfortable with the way Havilah Resources is burning through its cash. In particular, we think its cash burn relative to its market cap stands out as evidence that the company is well on top of its spending. And even its cash runway was very encouraging. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. Taking a deeper dive, we've spotted 5 warning signs for Havilah Resources you should be aware of, and 2 of them make us uncomfortable.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

TORONTO and FUJIAN, China, Oct. 8, 2021 /CNW/ – Zijin Mining Group Co., Ltd. ("Zijin") (SSE: 601899) (SEHK: 2899) and Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement"), pursuant to which Zijin has agreed to acquire all of the outstanding shares of Neo Lithium (the "Transaction") at a price of C$6.50 per share (the "Offer Price") in cash. The Offer Price represents a premium of approximately 36% over Neo Lithium's 20-day volume-weighted average price ("VWAP") as at October 8, 2021 on the TSX Venture Exchange ("TSXV"). The total cash consideration for all of the outstanding equity of Neo Lithium is approximately C$960 million.

Waldo A. Perez, President and Chief Executive Officer of Neo Lithium, stated:

"After a thorough strategic process, we are very pleased to provide this all-cash premium offer to our shareholders from a leading global mining company. This is the result of the collective work of our premier lithium brine exploration team, starting from initial discovery in late 2015 to defining one of the largest and highest-grade lithium brine deposits in the world, and culminating in this premium offer in just six years. We believe that it is now time for our project to proceed to the construction and production phases with Zijin, a leader with a track record of developing assets in a responsible manner respecting the interests of local employees, communities and authorities."

Chen Jinghe, Chairman of Zijin, stated:

"Neo Lithium's 3Q lithium brine project in Catamarca, Argentina is one of the largest and highest-grade projects of its kind in the world. We would like to express our high respect for the management and professional team who discovered and successfully explored this project. The 3Q project represents an important addition to Zijin's growing global asset mix and it is a good choice for Zijin to enter the field of new energy minerals. Thanks to the professional team's efforts and input in the early stage of the project, we are confident that together with Zijin's strong financial resources and mining know-how, we will develop this excellent asset into one of the world's leading lithium carbonate producing mines. In accordance with Zijin's co-development aspirations, we will continue to work closely with local communities and government authorities so that all relevant stakeholders can benefit from the project's successful development".

Zijin is committed to retaining the current management and professional team at LIEX S.A., Neo Lithium's local operating subsidiary, as well as making contributions to economic and social developments for Catamarca province, Argentina, as it moves forward to advance the development of the 3Q project.

Benefits to Neo Lithium Shareholders

• Immediate and significant premium of approximately 36% to the 20-day VWAP on the TSXV

• All-cash offer that is not subject to a financing condition

• Strong deal certainty with a highly credible and leading global mining company as purchaser

• Voting support agreements entered into with all directors and senior officers of Neo Lithium who hold shares

• Removes future dilution, commodity, construction, production and execution risk with next phase of 3Q project

Transaction Summary

The Transaction will be completed pursuant to a Plan of Arrangement under the Business Corporations Act (Ontario). The Transaction will be subject to the approval of at least 66-⅔% of the votes cast by shareholders. In addition to shareholder approval, the Transaction is also subject to the receipt of certain government, regulatory, court and stock exchange approvals, including approval by relevant authorities in the People's Republic of China and Investment Canada Act approval, and other closing conditions customary in transactions of this nature.

The Arrangement Agreement includes, among other things, a customary non-solicitation covenant on the part of Neo Lithium (including fiduciary out provisions) and a right for Zijin to match any competing offer that constitutes a superior proposal. Under certain circumstances, Zijin would be entitled to a US$35 million termination fee and Neo Lithium would be entitled to a US$35 million reverse termination fee.

Neo Lithium Board of Directors Recommendations

The Transaction has been unanimously approved by the board of directors of Neo Lithium following the unanimous recommendation of a special committee of independent directors of Neo Lithium (the "Special Committee"). Cormark Securities has provided an opinion to the board of directors of Neo Lithium and to the Special Committee, stating that, based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration offered to the Neo Lithium shareholders pursuant to the Transaction is fair, from a financial point of view, to the Neo Lithium shareholders. The Cormark Securities fairness opinion was provided on a fixed fee basis and is not contingent on the outcome of the Transaction.

Timing

Full details of the Transaction will be included in Neo Lithium's management information circular, which is expected to be mailed to shareholders in November 2021 with the shareholders meeting expected to take place in December 2021. Shareholders are urged to read the information circular once available as it will contain additional important information concerning the Transaction. The Arrangement Agreement will also be filed on SEDAR. The Transaction is expected to close in the first half of 2022.

Advisors and Counsel

Paradigm Capital is acting as financial advisor to Zijin and Torys LLP is acting as Zijin's legal counsel.

BofA Securities is acting as financial advisor to Neo Lithium. Cormark Securities provided an independent fairness opinion to the Neo Lithium board of directors and the Special Committee. Fasken Martineau DuMoulin LLP is acting as legal counsel to Neo Lithium and the Special Committee.

About Neo Lithium Corp.

Neo Lithium Corp. has quickly become a prominent name in lithium brine development by virtue of its high quality 3Q project and experienced team. Neo Lithium is rapidly advancing its 100% owned 3Q project – a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle".

The 3Q project is located in Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 ha including a salar complex of approximately 16,000 ha.

Additional information regarding Neo Lithium Corp. is available on SEDAR at www.sedar.com under the Company's profile and at its website at www.neolithium.ca, including various pictures of ongoing work at the project.

About Zijin

Formed in 1993 and based in Fujian, China, Zijin is one of the largest mining companies in China as well as a leading global gold and copper producer. It manages an extensive portfolio, primarily consisting of gold, copper, zinc, and other metals through investments in China and twelve overseas countries across Europe, Central Asia, Africa, Oceania and South America. Listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, Zijin has a market capitalization of approximately US$40 billion.

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 press release.

Cautionary Statements Regarding Forward-Looking Statements

Forward-Looking Statements — Certain information set forth in this news release may contain forward-looking statements. Such statements include but are not limited to, statements as to the benefits of the Transaction to the Company's shareholders, the anticipated meeting date and mailing of the information circular in respect of the meeting, timing for completion of the Transaction and receiving the required regulatory and court approvals, expectations regarding how Zijin will continue operations and benefit the region, advancing the 3Q project, the economic effect of the 3Q project, and future plans and objectives of the Company and Zijin. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "is expected", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, which could cause the actual results, performance or achievements of the Company and/or Zijin to be materially different from the future results, performance or achievements expressed or implied by such statements. These risks include, without limitation, risks related to obtaining regulatory and court approvals for the Transaction, political and regulatory risks associated with mining and exploration activities, including environmental regulation, risks and uncertainties relating to the interpretation of drill and sample results, risks related to the uncertainty of cost and time estimation and the potential for unexpected delays, costs and expenses, risks related to metal price fluctuations, the market for lithium products, and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and undue reliance should not be placed on forward-looking statements.

SOURCE Neo Lithium Corp.

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