BRISBANE, Australia, Oct. 07, 2021 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company), advises that its 2021 Annual General Meeting (AGM) will be held at 11.00am AEST on Tuesday 30 November 2021. In the interests of safety for shareholders, employees and the broader community during the COVID-19 pandemic, the 2021 AGM will be held virtually, rather than at a physical location.

Shareholders will be provided with information on how to participate in the AGM when the Notice of Meeting is released this month. The Notice of Meeting will also be available on the ASX Company Announcements Platform and Orocobre’s website at: https://www.orocobre.com.

The closing time for receipt of director nominations for any candidates other than those recommended by the Board is 5.00pm AEST, Tuesday 19 October 2021.

This announcement has been approved by:

Rick Anthon
Joint Company Secretary

For more information please contact:

Andrew Barber
Chief Investor Relations Officer
Orocobre Limited
T: +61 7 3720 9088
M: +61 418 783 701
E: abarber@orocobre.com
W: www.orocobre.com

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

Click here to subscribe to the Orocobre e-Newsletter

Freeport-McMoRan (FCX) closed the most recent trading day at $32.20, moving -1.56% from the previous trading session. This change lagged the S&P 500's 1.05% gain on the day.

Prior to today's trading, shares of the mining company had lost 9.49% over the past month. This has lagged the Basic Materials sector's loss of 8.25% and the S&P 500's loss of 5.07% in that time.

FCX will be looking to display strength as it nears its next earnings release. On that day, FCX is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 186.21%. Meanwhile, our latest consensus estimate is calling for revenue of $6.17 billion, up 60.3% from the prior-year quarter.

FCX's full-year Zacks Consensus Estimates are calling for earnings of $2.97 per share and revenue of $23.04 billion. These results would represent year-over-year changes of +450% and +62.27%, respectively.

It is also important to note the recent changes to analyst estimates for FCX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.42% higher. FCX is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, FCX currently has a Forward P/E ratio of 11.02. This valuation marks a discount compared to its industry's average Forward P/E of 12.39.

It is also worth noting that FCX currently has a PEG ratio of 0.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining – Non Ferrous industry currently had an average PEG ratio of 0.55 as of yesterday's close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow FCX in the coming trading sessions, be sure to utilize Zacks.com.

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
 
FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

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

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Currently, Univar has a Zacks Rank of #2 (Buy), while Albemarle has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that UNVR is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture 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.

UNVR currently has a forward P/E ratio of 13.73, while ALB has a forward P/E of 60.30. We also note that UNVR has a PEG ratio of 1.06. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ALB currently has a PEG ratio of 2.79.

Another notable valuation metric for UNVR is its P/B ratio of 1.99. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, ALB has a P/B of 3.95.

These are just a few of the metrics contributing to UNVR's Value grade of B and ALB's Value grade of D.

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

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
 
Univar Solutions Inc. (UNVR) : Free Stock Analysis Report
 
Albemarle Corporation (ALB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to provide an update on developments and plans across all of its projects and at the corporate level.

Highlights:

• Tonopah Lithium Claims (“TLC”):

  • Big Smoky / Crescent Dunes acquisition closed – TLC now at approximately 12,975 contiguous acres;

  • Received BLM approval to drill up to 15 new holes (approx. 2,000 metres (“m”)) to test high grade target areas (up to 2,361 parts per million (“ppm”) lithium (“Li”) at surface) on recently acquired land in Nevada;

  • Reverse Circulation (“RC”) drills to be mobilized in 2-3 weeks;

  • Plans to twin several holes to test for repeated sections of lithium claystone, drill to basement and determine depth to the water table;

  • Optimization of process engineering and pre-concentration work being fast-tracked to enable completion of a Preliminary Economic Assessment (“PEA”) during Q1 2022; and

  • Approval of Plan of Operations (“PO”) for next phase of development anticipated in late 2021.

• Falchani Lithium Project:

  • Plans to mobilize two Company drills for up to 40 drill holes (approx. 8,000 m) of diamond drilling in and around Falchani; also testing the newly discovered lithium-rich anomalies west of Falchani;

  • Infill and extension drilling on the Falchani deposit, mainly focused around Tres Hermanas;

  • Targeting reclassification of the large, inferred category of the current Falchani mineral resource to measured and indicated and expansion of existing resources;

  • Exploration drilling to commence on 2 key target areas 5-6 kilometres (“km”) west of Falchani identified in recent field work, including grab samples¹ of up to 3,272 ppm Li; and

  • Process to update existing PEA on Falchani for cesium and potassium by-products will commence shortly and will also reflect any resource reclassification and resource expansion.

• Macusani Uranium Project:

  • Plan to launch extension and exploration drilling at Macusani later this year utilizing remaining two Company diamond drills;

  • Plan 12,000 m (70 holes) of diamond drilling on high grade, near surface exploration targets, following recent field work where 90 grab samples¹ averaged 18,270 ppm (2.15% U₃O₈);

  • Targeting expansion of current deposits / resources and test newly discovered radiometric anomalies;

  • Process to update existing PEA on Macusani to commence shortly;

  • Updated PEA to focus on economic benefits of gravity pre-concentration, which has successfully doubled grades to 570-623 ppm uranium (“U”); and

  • Potential to significantly increase throughput / life of mine; through the inclusion of additional resources not previously included in existing PEA (2016).

• Corporate:

  • Executive team continues to focus on strong community relations with all required consents and authorizations in place for next phase of development at Falchani and Macusani;

  • All roads and infrastructure are in place and relevant communities are fully engaged;

  • Recent meeting of management with President Castillo of Peru has provided additional impetus for mobilization to occur in Peru later this month;

  • Ongoing engagement with all relevant stakeholders including positioning TLC as large-scale lithium development project with minimal environmental and cultural impacts; and

  • An application for a listing on the NYSE American Exchange has been filed.

Simon Clarke, CEO of American Lithium states, “The Company continues to move its projects through the development cycle as expeditiously as possible and, in the months ahead, expects to achieve numerous milestones in both Nevada and Peru. I would like to thank all our people for their continued hard work and engagement. Integrating companies’ post-merger takes time; however, the process is unfolding well. The positive impact that our new colleagues have brought and their technical expertise in developing unique styles of lithium and uranium mineralization is a great asset going forward. In addition, we are excited at the potential to up list onto the NYSE American, which we believe will provide greater exposure as American Lithium continues to evolve into a leading lithium developer focused on the Americas.”

TLC

With the acquisition of Big Smoky, north and contiguous to TLC, and additional staking to the east and south, the project has grown to a total of approximately 12,975 acres. As numerous other parties continue to stake and acquire land in the immediate vicinity, the Company’s strategy is to protect and build a buffer around its most prospective acreage while adding highly prospective, contiguous acreage where it can.

An RC drill program of up to 15 exploration drill holes (~2,000 m) on the newly acquired ground, where surface sampling¹ yielded results of up to 2,361 ppm Li, is expected to commence in two to three weeks. Up to 10 drill holes are planned on the northern ground and up to 5 holes on the new eastern ground. In addition, the Company plans to twin previously drilled mineralized holes (which form part of the existing resource), taking them deeper to establish the depth to the water table, test for deeper lithium mineralization potential and to provide material for the next phase of metallurgical processing test work.

As reported on August 19, 2021, the PO submitted to, and accepted as complete by, the Bureau of Land Management (“BLM”) to drill up to an additional 110 holes (~15,000 m) and up to five test pits on the original TLC claims area is expected to receive final approval in late 2021.

Metallurgical optimization test work has accelerated and continues to focus on upgrading, using gravity separation techniques, as well as three viable options to process TLC claystones for lithium extraction: warm sulphuric acid leaching; hydrochloric acid leaching and salt roast-water leaching. Work being completed by TECMMINE in Peru as well as Hazen Research and McClelland Laboratories in the US, continues to generate high levels of lithium extraction. Final phases of test work will also include impurity removal and lithium compound precipitation at ANSTO in Sydney, Australia, where similar work was successful in the final optimization of Falchani mineralization.

Finally, the Company has engaged Minviro Ltd, sustainability consultants, to complete a Life Cycle Assessment on the production of battery-grade lithium products at TLC, integrating environmental impact data into the decision-making process as the Company looks to finalize and optimize its flow-sheet design.

All technical and sustainability information will be integrated into a PEA expected to be completed in Q1 2022.

FALCHANI

At Falchani, the Company is planning an in-fill / resource expansion drill program as well as exploration drilling. The in-fill drill program will focus on the immediate Falchani resource area to upgrade the classification of mineral resources to Measured and Indicated categories. Resource expansion is focused on drill testing north and west of the existing Falchani resource area, where the deposit remains open, and immediately southwest of the deposit where the outcropping Tres Hermanas target is a top priority. Tres Hermanas is a series of outcrops of dipping lithium-rich tuff 75-90 m thick and 750 m long with extensive surface trench samples averaging 3,500 ppm Li from 84 samples¹.

The exploration drill program will focus on targets near the community of Quelcaya, 5 to 6 km west of Falchani and will follow up high-grade lithium surface grab sample results¹ of up to 3,272 ppm Li.

Two of the Company’s diamond drill rigs are expected to mobilize later this month, following receipt of final exploration permits, to complete the 40-hole (8,000 m) program. Access agreements and approvals have been received from all relevant communities for the programs, as these communities will be actively involved in the ongoing drilling campaigns.

Plans are being implemented to update the current Falchani PEA to include potential by-products, SOP (sulphate of potash) and Cesium, following initial successful extraction in test work. The updating of the PEA is expected to commence shortly and will also include the planned resource expansion/reclassification drill results.

MACUSANI

The Company is also planning an exploration and resource expansion drill program at the Macusani Uranium project. The resource expansion program will focus on areas between existing uranium deposits of the Kihitian Complex as radiometric prospecting and sampling work suggests that several of the deposits may be linked. Extension drilling to the northeast and southwest of the Colibri II-Tupurumani deposits will be completed, based also on sampling and prospecting results. As announced September 28, 2021, recent mapping and surface sampling generated over 90 grab samples¹ collected immediately at surface with uranium mineralization averaging 18,270 ppm U (2.15% U₃O₈). This program also identified 3 new exploration targets.

Two additional Company owned diamond drill rigs are expected to mobilize later in the year to start the 70 hole (12,000 m) Macusani project drill program, on receipt of final permits. As at Falchani, access agreements and approvals for this program have already been received from the relevant communities and these communities will be actively involved.

The Company plans to begin updating the Macusani Uranium PEA to include the recent successes in pre-concentrating uranium mineralization into the fine fraction. Test work from three different uranium deposits has shown that 73-82% of the uranium is retained in 31-35% of the original mass, effectively increasing the grade 2.3 times using simple scrubbing and screening in a short, 20-minute cycle. In summary, original mineralization head grades of 245-273 ppm U were upgraded to 570-623 ppm U.

The original Macusani PEA considered only 56% of the total mineral resources in the study². Gravimetric upgrading highlights the opportunity to include additional uranium resources, not previously considered, into the updated PEA offering the potential to vastly increase the potential life of mine production. Higher feed grades also have implications for potential capital and operating cost savings due to smaller throughput requiring a much smaller back-end plant footprint and less energy and reagent use per feed tonne. The updated PEA will also consider using tank leach processing versus the original heap leach option to increase uranium recoveries and add scalability to any potential operation.

Notes
¹ Grab samples are selective, and the selected nature of such sampling does not necessarily reflect potential uranium contents expected from future drill testing, but they do indicate the presence of uranium mineralization and mineralizing systems in the surface rocks collected.

²"Macusani Project, Macusani, Peru, NI 43-101 Report – Preliminary Economic Assessment” prepared by Mr. Michael Short and Dr. Thomas Apelt, of GBM Minerals Engineering Consultants Limited; Mr. David Young, of The Mineral Corporation; and Mr. Mark Mounde, of Wardell Armstrong International Limited dated January 12, 2016.

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

NYSE American Listing
Readers are cautioned that while the Company is pursuing a listing on NYSE American at this time, there can be no guarantee that a listing will be completed. Completion of any listing remains subject to applicable regulatory approvals and the satisfaction of listing requirements. In the event a listing is completed, it is anticipated that the common shares of the Company would continue to trade on the TSX Venture Exchange.

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 5 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:

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

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

TORONTO, Oct. 5, 2021 /CNW/ – First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the "Company") is pleased to announce that it has awarded a contract to industry expert Metso Outotec for the design and manufacturing of solvent extraction cells as well as technical support for the layout of a new solvent extraction plant and its process control. Metso Outotec is recognized as a world leader in sustainable solutions for mineral processing and metal refining.

HIGHLIGHTS

• The solvent extraction contract is the largest and most important equipment package now under contract

• Metso Outotec is an industry leader, having provided similar equipment to other operational cobalt sulfate refineries, thereby lowering the execution risk for the Company's strategy of producing battery-grade cobalt sulfate

• Commissioning of Phase 1 of First Cobalt's low-carbon hydrometallurgical refining strategy is scheduled for Q4'2022, targeting annual production of 25,000 tonnes of cobalt sulfate annually

• Once operational, First Cobalt's refinery will be the only producer of battery-grade cobalt for the North American electric vehicle market, capable of supplying over 1 million vehicles per annum, responding to strong demand in the accelerating EV revolution

• First Cobalt maintains a strong cash position, following completion of its project financing in September

The Company received several tenders from global vendors and Metso Outotec was selected based on competitive pricing and its technically superior bid. The contracted solution involves the latest advancements in solvent extraction in terms of modular design, process control and ease of installation and start up. The installation time of the modular mixer-settlers is evidenced to be 30% less than the conventional solvent extraction mixer-settlers used at other projects. In addition to the reduction in site install time, the footprint needed for the selected plant equipment is less than conventional solvent extraction equipment.

Image 1 – 3D rendering of First Cobalt's new solvent extraction plant

"We are happy to be moving forward with Metso Outotec, an industry-leading business partner. Their expertise and ability to deliver quality projects significantly de-risks our own. We move one step closer to becoming North America's only provider of cobalt sulfate and we do not intend to stop there", explains Trent Mell, President & CEO. "Plans for our Canadian Battery Materials Park also include battery recycling, nickel sulfate production and a partnership with a battery precursor manufacturer."

Phase 1 deployment of First Cobalt's 3-phase approach to market entry, slated for Q4'2022, will focus on processing cobalt hydroxide to produce a high-quality, sustainable and traceable battery-grade cobalt sulfate. In January 2021, the Company secured long-term cobalt hydroxide feed arrangements with Glencore AG and IXM SA, a subsidiary of CMOC, to provide a total of 4,500 tonnes of contained cobalt per year to the First Cobalt Refinery commencing in Q4'2022. In March 2021, the Company further de-risked the project by signing a flexible, long-term, offtake agreement with Stratton Metal Resources Limited for the sale of future cobalt sulfate production, with quantities determined by First Cobalt (subject to a minimum). Negotiations with automakers and battery suppliers are ongoing, with a growing interest in sourcing battery material from North America. Once operational, First Cobalt's Refinery will be North America's only producer of cobalt sulfate for the electric vehicle market.

Image 2 – Rendering of Phase 1 of First Cobalt's refinery in Canada at time of
commissioning in Q4'2022

About Metso Outotec

Metso Outotec was created through the combination of Metso Minerals and Outotec on June 30, 2020. We are a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We ranked 8th on the 2021 Global 100 list of the world's most sustainable companies.

About First Cobalt

First Cobalt's mission is to be the most sustainable producer of 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

For more information visit www.firstcobalt.com

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/October2021/05/c2849.html

Albemarle Corporation ALB recently announced that it has signed a definitive deal to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co., Ltd. The latter is a lithium converter located in Guangxi, China.

Per the agreement, Albemarle will acquire all outstanding equity from Tianyuan's stockholders for roughly $200 million, subject to certain adjustments. Albemarle projects the deal to close in early 2022, subject to customary closing conditions.

Tianyuan's operations include a recently-constructed lithium processing plant strategically located near the Port of Qinzhou in Guangxi. The plant has designed annual conversion capacity of up to 25,000 metric tons LCE. It is capable of producing battery-grade lithium carbonate and lithium hydroxide. It is currently in the commissioning stage and expected to begin commercial production in the first half of the next year.

Albemarle stated that the acquisition of Tianyuan, which owns and operates a newly- constructed lithium processing plant, is in sync with its strategy to pursue profitable growth, in line with customer demand. This will be an important component of its next wave of projects that will boost its conversion capacity in a capital-efficient manner in the coming years.

With the rapid global transition to cleaner energy, this added lithium capacity will enable it to help the customers achieve their growth and sustainability ambitions, the company noted.

Shares of Albemarle have surged 131% in the past year compared with a 18.2% rise of the industry.

Image Source: Zacks Investment Research

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

The company expects net sales for 2021 to be between $3.2 billion and $3.3 billion. It sees higher Lithium sales and improving trends in Catalysts. However, expectations for the Bromine business are reduced due to an increase in raw material costs and supply chain disruptions.

Moreover, Albemarle now expects adjusted earnings per share for 2021 in the band of $3.35-$3.70, up from its prior view of $3.25-$3.65.

Albemarle Corporation Price and Consensus

Albemarle Corporation price-consensus-chart | Albemarle Corporation Quote

Zacks Rank & Key Picks

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

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, The Chemours Company CC and Methanex Corporation MEOH.

Nucor has a projected earnings growth rate of around 534.4% for the current year. The company’s shares have surged 106.5% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 34.3% in the past year. It currently carries a Zacks Rank #2 (Buy).

Methanex has an expected earnings growth rate of around 409.3% for the current fiscal. The company’s shares have surged 93.3% in the past year. It currently flaunts a Zacks Rank #1.

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

Nucor Corporation (NUE) : Free Stock Analysis Report

Methanex Corporation (MEOH) : Free Stock Analysis Report

Albemarle Corporation (ALB) : Free Stock Analysis Report

The Chemours Company (CC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – The board of International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce an update on progress at the end of the quarter.

Sale of Mariana
This sale of ILC's remaining 8.58% stake in Litio Minera Argentina and the remaining rights in the Mariana project to ILC's partner Ganfeng Lithium for CAD$ 16.8 million was announced on September 21, 2021. The Mariana transaction counts as a "Reviewable Disposition" under TSXV policies and is subject to TSXV approval and shareholder approval by a majority of the shares entitled to vote on the transaction. The Company is pleased to announce that it has now obtained TSXV approval to close the transaction following it obtaining the overwhelming support of the largest shareholders who provided the required shareholder approval. The Company expects to close the transaction in mid-October following the Chinese National Day and Golden Week holidays.

Convertible Debentures
All the remaining convertible debentures which were due to mature on September 30, 2021 were converted prior to maturity, resulting in the issue of an additional 10,600,000 shares and the elimination of C$ 530,000 of convertible debt.

Shares in issue
Following the exercise of warrants for CAD$ 600,000 mentioned in the September 21, 2021 news release, and the conversion of CAD$ 530,000 of convertible debentures mentioned above, the Company now has 233,880,443 common shares in issue. A new Fact Sheet reflecting this is available on the company's website.

Raleigh Lake progress
The Company commenced the autumn program at its 100% owned Raleigh Lake lithium and rubidium project in Canada last week. The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration conducted to date covers only 5% of ILC's current claim area that has already shown significant quantities of rubidium and caesium in the lithium bearing pegmatite. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free. It has perfect infrastructure being close to the town of Ignace and the city of Dryden, Ontario and is transected by the Trans-Canada Highway, high power electrical lines, gas pipelines and the Canadian Pacific Railway.

The recently mobilized field crews will continue exploration in Zones 1 and 2 of Raleigh Lake. Drilling in this area has delineated laterally extensive dykes of lithium-bearing pegmatites that dip gently for several hundred metres and remain open in several directions. A bio-geochemical orientation survey is being conducted to ascertain if the technique can be applied to the remainder of the project area where there is less outcrop and surface exposure of underlying geology is poor. The Company is widening the lithogeochemical sampling coverage by extending beyond the original 3000 Ha of claims, which will capture Zone 5, where the potential for pegmatite mineralization similar to the Tanco deposit at Bernic Lake, Manitoba, still exists. Due to the expansion of ILC's claims from 3,000 to 17,000 hectares this summer, there will also be some preliminary prospecting carried out over the newly staked areas for evidence of both lithium and nickel sulphide mineralization.

There is more work to do to get to a useful resource estimate at Raleigh Lake given also the large amount of additional claims acquired, and the Company will be doing this in a commercially sensible order, with a maiden resource estimate within Zone 1 now expected in 2022.

Avalonia progress
ILC's joint venture in Ireland with Ganfeng Lithium has seen continued drilling during the summer, and has made good progress in obtaining a clearer picture of the structure of the pegmatites there. The Company hopes to be able to publish results from the Avalonia project in the next couple of months.

Summary
This has been a very significant quarter for the Company, and the coming quarter is also expected to be an active one. Additional exploration at Raleigh Lake will form the bulk of the Company's operational expenditure in the next quarter. At the same time the Company will also look for additional exploration opportunities.

Qualified person
Patrick McLaughlin, P.Geo, a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects has reviewed and approved the technical information in this press release.

About International Lithium Corp.

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

A key goal has been to become a well funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021, which is the subject of this announcement, we believe we are well placed in that respect.

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

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on identifying additional properties.

The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration there so far, which is on only about 5% of ILC's current claims, has shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

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

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

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

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $ 10 million expenditures on exploration activities by September 2024 or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

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

Cautionary Statement Regarding Forward-Looking Information

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98413

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating Sociedad Química y Minera de Chile (NYSE:SQM), we don't think it's current trends fit the mold of a multi-bagger.

Return On Capital Employed (ROCE): What is it?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Sociedad Química y Minera de Chile is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.084 = US$456m ÷ (US$6.0b – US$581m) (Based on the trailing twelve months to June 2021).

Therefore, Sociedad Química y Minera de Chile has an ROCE of 8.4%. In absolute terms, that's a low return but it's around the Chemicals industry average of 9.8%.

View our latest analysis for Sociedad Química y Minera de Chile

Above you can see how the current ROCE for Sociedad Química y Minera de Chile compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Sociedad Química y Minera de Chile.

What Does the ROCE Trend For Sociedad Química y Minera de Chile Tell Us?

In terms of Sociedad Química y Minera de Chile's historical ROCE movements, the trend isn't fantastic. To be more specific, ROCE has fallen from 11% over the last five years. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run.

The Bottom Line On Sociedad Química y Minera de Chile's ROCE

In summary, despite lower returns in the short term, we're encouraged to see that Sociedad Química y Minera de Chile is reinvesting for growth and has higher sales as a result. And the stock has done incredibly well with a 127% return over the last five years, so long term investors are no doubt ecstatic with that result. So should these growth trends continue, we'd be optimistic on the stock going forward.

If you want to know some of the risks facing Sociedad Química y Minera de Chile we've found 2 warning signs (1 can't be ignored!) that you should be aware of before investing here.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

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.

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces that its Board of Directors has granted an aggregate 100,000 stock options to Rachel Goldman, a recently appointed director of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.61 CAD per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and is currently the Chief Executive Officer at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957 tasfour@redpineexp.com

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.

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

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

After charging to $80 per barrel on Tuesday, oil prices fell back on news of inventory builds and extra supply, and now markets are nervously waiting for the OPEC+ meeting

Oil Prices Today, Friday, October 1st, 2021

As OPEC+ meets once again next Monday, speculation has been rife regarding the oil group’s intentions to bring more crude into the market. Whilst prices are still close to the $80 per barrel mark, with Brent trading around $78 per barrel and WTI trending around $74.5 per barrel, the first US inventory stock build since late July and news of OPEC+ laggards (Russia and Kazakhstan) ramping up supply has provided some downside for prices. At the same time, exorbitantly high gas prices driving gas-to-oil switching in Asia and the US dollar weakening are largely offsetting those factors.

Spot LNG Price Surge Continues.

Increasing purchasing activity in East Asia amid China’s power demand crunch and continuing supply tightness have pushed spot LNG prices to $34.5 per mmBtu in Asia, the highest on record.

Germany Merges Gas Trading Hubs.

Germany launched a nationwide gas trading hub called THE (Trading Hub Europe), having merged two of its hubs – Gaspool and NetConnect – to be able to compete with the Dutch TTF and British NBP.

Embattled and indebted, PEMEX Raises Oilmen Salaries.

Following a series of negotiations with its oil workers union (to which most PEMEX employees belong), the Mexican national oil company indicated it agreed to increase oil workers’ wages by 3.4% and their benefits by 1.76%, despite its debt spiraling out of control.

Albemarle Buys into China’s Processing.

US-based lithium producer Albemarle (NYSE:ALB) agreed to buy China’s Guangxi Tianyuan New Energy Materials for $200 million, a lithium converter that is on the verge of launching its 25,000 tons per annum processing plant, in a bid to increase its foothold in the world’s largest demand center.

Russia’s LUKOIL Wants More Azerbaijan.

Longtime interested in expanding within Azerbaijan, Russia’s largest private oil producer LUKOIL (MCX:LKOH) agreed to buy a 25% stake in the Shallow Water Absheron Peninsula (SWAP) project from BP, only several weeks after the UK-based firm spudded its first exploration well at North Khali.

Wind Blows Again in the North Sea.

Despite European gas prices hitting several consecutive all-time highs and nearing €100 per MWh, coal-fired generation has decreased w-o-w in Germany as wind generation moved back into its normal range, averaging 11 GWh so far this week, a 10% increase year-on-year.

CNOOC to Boost Ownership of Buzios Field.

Brazil’s national oil companyPetrobras (NYSE:PBR) is in talks with China’s CNOOC (HK:0883) for a deal that would see the Chinese firm buy another 5% stake in the Latin American country’s second-largest Buzios field for $2.08 billion.

Guyana Court Sets Exxon Hearing Date.

Guyana’s High court has scheduled a June 2022 hearing dealing with the environmental impact of ExxonMobil’s (NYSE:XOM) production offshore Guyana, with local NGOs claiming the oil industry threatens the rights of locals to a clean environment.

Saudi Aramco Gets Footing in India’s Largest Private Refiner.

Reliance Industries (NSE:RELIANCE), operator of the world’s largest refinery in Jamnagar, India, stated the candidature of Yasir Al-Rumayyan, chairman of Saudi Aramco, meets all regulatory criteria to become independent director, in a move that is seen as a harbinger of Aramco’s buying-in into the Indian firm’s oil-to-chemicals business.

Malaysian LNG Disrupted Again by Fire.

Malaysia’s LNG terminal in Bintulu, wielding 30 million tons of LNG per annum capacity, caught fire this week however the operator Petronas claimed operations were unaffected.

China Asks for More Russian Electricity.

Attesting to China’s ongoing issues with nationwide power cuts, Russian state-owned power company Inter RAO (MCX:IRAO) claimed it had received a request from Chinese authorities to ramp up electricity exports. The current transmission lines could be delivering up to 7 billion KWh.

Rio Tinto Still Not Progressing with Resolution Copper.

The controversial Resolution Project, a prospective copper mine in Arizona to be operated by Rio Tinto (NYSE:RIO) that could meet 25% of the United States’ total demand for the red metal, has still seen no progress after the company’s CEO failed to meet the head of the San Carlos Apache tribe that opposes it.

Related: The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring

BP and ENI Seek $2 Billion for Angola JV.

UK major BP (NYSE:BP) and Italian firm ENI (ETS:ENI) are seeking to raise $2 billion for their oil and gas joint venture in Angola, as both companies seek to spin off carbon-emitting subsidiaries into separate entities.

China Wants More Term LNG Deals with Qatar.

CNOOC (HKG:0883) signed a new supply deal with Qatar’s QP for a period of 15 years starting from January 2022, adding 3.5mtpa LNG to the country’s aggregate contracted volumes

Jamaica Alumina Refinery Out For At Least One Year.

The Jamalco alumina refinery, operated by Noble Group with a production capacity of 1.4 million tons per annum, will not be back until September 2022 on the back of a fire last month, putting additional pressure on aluminum prices.

By Michael Kern for Oilprice.com

More Top Reads From Oilprice.com:

• Rapid Demand Recovery Hints At Even Higher Oil Prices
  

• The World’s Fastest-Growing Shale Play Keeps On Breaking Records
  

• OPEC+ Will Be Unwilling And Unable To Stop The Oil Price Rally

Read this article on OilPrice.com

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.' When they buy such story stocks, investors are all too often the patsy.

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Anglo American (LON:AAL). Even if the shares are fully valued today, most capitalists would recognize its profits as the demonstration of steady value generation. In comparison, loss making companies act like a sponge for capital – but unlike such a sponge they do not always produce something when squeezed.

View our latest analysis for Anglo American

How Quickly Is Anglo American Increasing Earnings Per Share?

If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. It certainly is nice to see that Anglo American has managed to grow EPS by 32% per year over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be smiling.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. Anglo American shareholders can take confidence from the fact that EBIT margins are up from 18% to 36%, and revenue is growing. That's great to see, on both counts.

The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.

In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Anglo American's forecast profits?

Are Anglo American Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. This view is based on the possibility that stock purchases signal bullishness on behalf of the buyer. However, small purchases are not always indicative of conviction, and insiders don't always get it right.

It's good to see Anglo American insiders walking the walk, by spending US$153k on shares in just twelve months. And when you consider that there was no insider selling, you can understand why shareholders might believe that lady luck will grace this business. Zooming in, we can see that the biggest insider purchase was by James Rutherford for UK£144k worth of shares, at about UK£24.30 per share.

The good news, alongside the insider buying, for Anglo American bulls is that insiders (collectively) have a meaningful investment in the stock. Notably, they have an enormous stake in the company, worth US$92m. This suggests to me that leadership will be very mindful of shareholders' interests when making decisions!

Does Anglo American Deserve A Spot On Your Watchlist?

For growth investors like me, Anglo American's raw rate of earnings growth is a beacon in the night. On top of that, insiders own a significant stake in the company and have been buying more shares. So it's fair to say I think this stock may well deserve a spot on your watchlist. We should say that we've discovered 3 warning signs for Anglo American (1 is a bit concerning!) that you should be aware of before investing here.

As a growth investor I do like to see insider buying. But Anglo American isn't the only one. You can see a a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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.

Toronto, Ontario–(Newsfile Corp. – September 30, 2021) – GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot" or the "Company"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by MacDonald Mines Exploration Ltd. (TSXV: BMK) (OTC Pink: MCDMF) ("MacDonald Mines") to assist in the exploration of MacDonald Mines' 100%-owned SPJ Project in Northern Ontario.

GoldSpot will help delineate drill-ready targets for high-grade gold mineralization, as well as identify prospective areas regionally. GoldSpot will homogenize, integrate, process, and interpret exploration datasets such as geological maps, drill logs, geophysics, surface and downhole geochemistry, and structural data. The interpreted and derived products will be used as input layers to GoldSpot's proprietary AI (machine learning) techniques, which will be validated by the Company's team of expert geoscientists, in collaboration with MacDonald Mines' technical team.

Stuart Adair, Interim Chief Executive Officer of MacDonald Mines, stated, "We are delighted to welcome GoldSpot as a strategic service provider of MacDonald Mines. The SPJ Project will benefit tremendously from the assistance of GoldSpot's technologies and data-driven approach to exploration. Our team looks forward to working with the GoldSpot team to evaluate and unlock the potential of the SPJ Project."

Denis Laviolette, Executive Chairman and President of GoldSpot, stated, "GoldSpot is excited to provide our proprietary technology to MacDonald Mines. The size of the SPJ Project's land package is substantial and we believe the large number of potential targets on the property are ripe for further analysis and refining under our team's technological and geological guidance."

GoldSpot works with leading exploration and mining clients across all commodities and deposit types, using cutting-edge technology and geoscientific expertise to mitigate exploration risks and significantly increase the efficiency and success rate of mineral exploration across resources.

About MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK". The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 19,380 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it. To learn more about MacDonald Mines, please visit www.macdonaldmines.com.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves time, reduces costs and provides accurate results.

For further information please contact:
Denis Laviolette
Executive Chairman and President
GoldSpot Discoveries Corp.
Tel: 647-992-9837
Email: investors@goldspot.ca

Cautionary Statement on Forward-Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98062

Strategic partnership making Bambuser and live shopping a European showcase for innovative retail

PARIS, Sept. 30, 2021 /PRNewswire/ — Bambuser today announced that it has been selected to join Echangeur BNP Paribas Personal Finance, a unique program dedicated to the future of retail and consumer experiences. As a partner of the initiative, operated by the leading provider of credit and other financial services to individuals across Europe, Bambuser's Live Video Shopping technology will represent the future of commerce at the Echangeur center of innovation in Paris. Bambuser's technology will be on continuous display for business leaders touring the showroom. Additional benefits to Bambuser include increased exposure to the program's large network of customers and prospects, and access to Club de l'Echangeur, a space reserved for retail customers in France, Portugal, Spain, Italy, UK, and Sweden.

The Echangeur program was established in 1997 as a strategy incubator for companies needing insights during a period of rapid digital transformation throughout the business world. The program continues to offer businesses a look into the future of retail from its facilities, with a 100 square meter demonstration area highlighting the latest technological developments of innovators driving the evolution of the customer journey. Echangeur also regularly publishes reports that put into perspective the technological and service innovations moving the world of commerce.

The partnership closely follows Bambuser's selection for La Maison des Startups LVMH, the technology accelerator for LVMH Moët Hennessy Louis Vuitton (LVMH), which gives the company a dedicated space in Paris' Station F startup campus.

"As Bambuser's rapid growth continues, it's important for us to expand on our current leadership position throughout Europe and be present in our key markets," said Sophie Abrahamsson, Chief Commercial Officer of Bambuser. "We are confident that, by partnering with one of the largest banks in Europe and working directly with the largest luxury conglomerate in the world, we are establishing Bambuser as the leading B2B livestream shopping provider in France and beyond."

Contact information
Corporate Communications, Bambuser AB | +46 8 400 160 00 | press@bambuser.com

Certified Adviser
Erik Penser Bank AB | +46 8 463 83 00 | certifiedadviser@penser.se

About Bambuser

Bambuser is a software company specializing in interactive live video streaming. The Company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps, and social media. Bambuser was founded in 2007 and has its headquarters is in Stockholm.

About Echangeur BNP Paribas Personal Finance

Echangeur BNP Paribas Personal Finance is a technological and marketing center that analyses the latest trends in retail and anticipates their impacts on commerce. It is a reference for all the companies, which aim to innovate right by getting inspiration from the best practices in retail and the new usages of consumers. Its experts help you to build a best in class vision thanks to an immersive and innovative approach in customer relationship. Their analyses are based on returns on experiences, best practices and emerging trends.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bambuser/r/bambuser-joins-echangeur-bnp-paribas–strengthening-the-presence-in-the-french-market,c3424398

The following files are available for download:

Sept 30 (Reuters) – Albemarle Corp said on Thursday it would buy China-based Guangxi Tianyuan New Energy Materials Co Ltd, a lithium converter, for about $200 million as the company looks to increase its lithium conversion capacity.

Demand for battery-grade lithium compounds are expected to increase, especially in transportation, as governments and individual consumers try to reduce their carbon footprint.

Tianyuan's operations include a recently constructed lithium processing plant near the Port of Qinzhou in Guangxi, China. The plant is expected to begin commercial production in the first half of 2022.

Albemarle, the world's top lithium producer, said it expected the deal to close in early next year.

Earlier this month, the company said it expects a steep jump in 2022 earnings, as global efforts to combat climate change drive a surge in demand for the battery component used in electric vehicles. (Reporting by Sahil Shaw in Bengaluru; Editing by Shailesh Kuber)

MONTREAL, Sept. 30, 2021 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that InnovExplo Inc. of Val-d'Or has been awarded the mandate to conduct a structural geology study of the Aquilon gold property in Eeyou Istchee James Bay, Quebec. The study will be initiated in the coming days by an InnovExplo structural specialist accompanied by Sirios’ geologists. The field work on the property will also allow Sirios' geologists to examine the logistics required to carry out an overburden stripping program on the sectors where the gold in soil anomalies, as recently announced (press release 13/09/2021), have been identified.

Corrections to press releases dated September 1 and September 17, 2021
In Sirios' press release dated September 1, 2021 regarding the closing of the first tranche of a flow-through private placement, the amount of finder's fees paid to intermediaries for the first tranche should have read $30,000 instead of $14,000. In addition, in the press release dated September 17, 2021 regarding the closing of the second and final tranche, the total amount of finder's fees paid to intermediaries for the first and second tranches should have read $30,280 instead of $16,280.

About the Aquilon Property
The property includes more than thirty gold showings on surface, including some with very high grades, most notably 560 g/t Au over 0.49m, 834 g/t Au over 1.71m and 3,230.89 g/t Au over 0.8m (ref.: press releases 02/12/2014; 01/01/2011; 26/06/2008). The property has been drilled extensively over the years, however the vast majority of these holes averaged less than 60 metres and were focused directly on four main showings when the project was managed by its partner at the time. Sirios has completed a recompilation of all available data and is proposing a new exploration program for the property which is considered to have excellent potential.

The Aquilon property, held 100% by Sirios, is comprised of 140 claims covering nearly 70 km². It is located about 490 km east of Radisson and is easily accessible by an all season road via the Trans-Taiga highway through the Eeyou Istchee James Bay region.

More information on the property is available in the Sirios corporate presentation, available at the following link: Présentation corporative Sirios – Septembre 2021.

Roger Moar, P.Geo. and Dominique Doucet, P.Eng. qualified persons under NI 43-101 prepared and verified the technical information in this press release and reviewed the final version of the text.

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

About InnovExplo
InnovExplo Inc. is a consulting firm providing services in mineral exploration and mining engineering. Since its founding in 2003, InnovExplo has carried out multiple projects in an innovative way in Canada and internationally. Its knowledge of geology and mining engineering has been developed based on the field experience of a multidisciplinary team combined with the use of state-of-the-art software technology.

Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws based on expectations, estimates and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties and other factors that could cause actual events, results, performance, expectations and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to: capital and operating costs that differ materially from estimates; the tentative nature of metallurgical test results; delays or failures in obtaining required governmental, environmental or other approvals; uncertainties related to the availability and cost of necessary financing in the future changes in financial markets; inflation; fluctuations in metal prices; delays in project development; other risks relating to the mineral exploration and development industry; and risks disclosed in public filings of the Company on SEDAR at www. sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements contained in this news release are reasonable, readers should not place undue reliance on this information, which speaks only as of the date of this news release, and there can be no assurance that such events will occur or occur within the time periods presented. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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

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

Shares of Lithium Americas (NYSE: LAC) shot up on Thursday, closing the day up 8.9% thanks to an analyst turning bullish about the lithium market and lithium stocks. JPMorgan initiated coverage on Lithium Americas stock with a price target of $28 a share. JPMorgan foresees strong lithium markets over the next decade driven by rising demand and prices, and believes Lithium Americas is well poised to take advantage of that.

TORONTO, Sept. 30, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) announces the issuance of 96,150,000 common shares of the Company (the “Conversion Shares”) in full satisfaction of its US$15 million amended and restated loan agreement (the “Loan Agreement”) held by Wyloo Canada Holdings Pty Ltd. (Wyloo). The number of shares were derived using the USD – CAD exchange rate on the day prior to the effective date of conversion being September 22, 2021 and using the conversion price of $0.20 per share as stipulated in the Loan Agreement.

The Company will also be paying the final interest payment due under the loan agreement of $350,789 for the period from July 1, 2021 to September 22, 2021 by the delivery of 468,969 common shares of the Company (the “Interest Shares”) at an effective price of $0.748 per Interest Share, subject to Exchange acceptance. The Interest Shares will be subject to a four month hold period expiring on February 2, 2022.

The calculation of the number of Interest Shares to be issued is based on the volume weighted average trading price of the common shares of the Company during the 20 trading days prior to September 22, 2021.

After giving effect to the issuance of the Conversion and Interest Shares, there will be 559,536,300 common shares of the Company issued and outstanding and Wyloo will hold a direct interest of 37.25% in the Company.

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

Contact Information

Earnings acceleration is the incremental growth in a company’s earnings per share (EPS). In other words, if the rate of a company’s quarter-over-quarter earnings growth increases within a stipulated frame of time, it can be called earnings acceleration.

We all know that constant earnings growth captivates almost everyone, from top brass to research analysts. This is because earnings are a measure of the money a company is making. Still, earnings acceleration works even better when it comes to lifting the stock price. Studies have shown that most successful stocks had seen an acceleration in earnings before an uptick in the stock price.

In case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven’t caught the attention of investors yet, which once secured will invariably lead to a rally in the share price. This is because earnings acceleration considers both direction and magnitude of growth rates.

An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may at times drag prices down.

Screening Parameters

Let’s look at stocks for which the last two quarter-over-quarter percentage EPS growth rates exceed the previous periods' growth rates. The projected quarter-over-quarter percentage EPS growth rates are also expected to be higher than the previous periods’ growth rates.

EPS % Projected Growth (Q1)/(Q0) greater than EPS % Growth (Q0)/(Q-1): The projected growth rate for the current quarter (Q1) over the completed quarter (Q0) has to be greater than the growth rate from the completed quarter (Q0) over one quarter ago (Q-1).

EPS % Growth (Q0)/(Q-1) greater than EPS % Growth (Q-1)/(Q-2): The growth rate for the completed quarter (Q0) over one quarter ago (Q-1) has to be greater than the growth rate from one quarter ago (Q-1) over two quarters ago (Q-2).

EPS % Growth (Q-1)/(Q-2) greater than EPS % Growth (Q-2)/(Q-3): The growth rate from one quarter ago (Q-1) over two quarters ago (Q-2) has to be greater than the growth rate from two quarters ago (Q-2) over three quarters ago (Q-3).

In addition to this, we have added the following parameters:

Current Price greater than or equal to $5: This screens out low-priced stocks.

Average 20-day volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.

The above criteria narrowed down the universe of around 7,735 stocks to only 18. Here are the top four stocks:

Steven Madden, Ltd. SHOO designs, sources, markets and sells fashion-forward name brand and private label footwear for women, men, and children and private label fashion handbags and accessories worldwide. The company has a Zacks Rank #2 (Buy). The company’s expected earnings growth rate for the current year is 228.1%.

Jack Henry & Associates, Inc. JKHY caters to community banks by offering technology solutions and payment processing services. The company has a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 11.4%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Camden Property Trust CPT is one of the largest publicly traded multifamily companies in the United States. The company has a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 7.6%.

Sociedad Quimica y Minera S.A. SQM produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The company has a Zacks Rank #1. Its expected earnings growth rate for the current year is 60%.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance

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
 
Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
 
Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report
 
Steven Madden, Ltd. (SHOO) : Free Stock Analysis Report
 
Camden Property Trust (CPT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Albemarle Corp. says it has “signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co. Ltd., a lithium converter located in Guangxi, China.” The deal is expected to close in early 2022.

TORONTO, Sept. 30, 2021 /CNW/ – As a symbol of respect and acknowledgement toward Canada's First Anniversary of the National Day for Truth and Reconciliation, First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) has lowered the symbolic Every Child Matters flag. The flag, flown in front of the Company's hydrometallurgical battery materials refinery in the community of Temiskaming Shores, Ontario will remain lowered for the next 30 days.

The day honors the lost children and survivors of Canadian residential schools, their families and communities. Public commemoration of the tragic and painful history and ongoing impacts of residential schools is a vital component of the reconciliation process.

There were 140 government-run Indian Residential Schools that operated in Canada from 1831 to 1998. Survivors have advocated for recognition, reparations and accountability for the lasting legacy of harms caused. Their efforts culminated in an apology by the Canadian government, the Indian Residential Schools Settlement Agreement, the establishment of a Truth and Reconciliation Commission and the creation of the National Centre for Truth and Reconciliation. The Truth and Reconciliation Commission held hearings from 2008 to 2015, resulting in 94 recommendations, including a National Day of Commemoration.

"We want to acknowledge the importance of inclusivity and collaboration among all peoples. As a corporate entity working within First Nations lands, we are committed to playing an active role in supporting their future. Recognition of the significance of this Day is a start to the reconciliation and healing process we whole-heartedly support", explains President and CEO, Trent Mell.

Since its arrival in Ontario, Canada, First Cobalt has been dedicated to building and maintaining respectful and mutually beneficial relationships with all the local Indigenous people and First Nations communities; namely the Timiskaming First Nation, Temagami First Nation, Matachewan First Nation, Beaverhouse First Nation and Metis Nation of Ontario. Over the past several years, the Company has held numerous consultations and open houses to gain the insights and perspective of these groups. Through collaborative reviews of permit applications for the re-opening of the Company's refinery, support has been gained for the project.

First Cobalt is also committed to employment and potential business opportunities specifically for Indigenous people as the refinery construction activities ramp-up. First Cobalt has partnered with First Nation communities on new initiatives to study potential environmental impacts to plants and wildlife in the refinery area. Student bursaries and community support funding has also been an area of focus thus far.

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.

SOURCE First Cobalt Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/30/c6005.html

Acquisition will add conversion capacity in China near the Port of Qinzhou

CHARLOTTE, N.C., Sept. 30, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its subsidiary, Albemarle Lithium UK Limited, has signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co., Ltd. ("Tianyuan"), a lithium converter located in Guangxi, China. Under terms of the agreement, Albemarle will acquire all outstanding equity from Tianyuan's shareholders for approximately USD $200 million, subject to certain adjustments. Albemarle expects the transaction, which is subject to customary closing conditions, to close in early 2022.

Founded in 2017, Tianyuan's operations include a recently constructed lithium processing plant strategically positioned near the Port of Qinzhou in Guangxi. The plant has designed annual conversion capacity of up to 25,000 metric tons LCE and is capable of producing battery-grade lithium carbonate and lithium hydroxide. It currently is in the commissioning stage and is expected to begin commercial production in the first half of 2022.

"The acquisition of Tianyuan, which owns and operates a newly constructed lithium processing plant, aligns with our strategy to pursue profitable growth in line with customer demand," said Kent Masters, Albemarle CEO. "This will be a key component of our next wave of projects designed to increase our conversion capacity in a capital-efficient manner in the coming years. As the global transition to cleaner energy rapidly develops, this added lithium capacity will enable us to help our customers achieve their growth and sustainability ambitions."

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

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

Forward-Looking Statements
Some of the information presented in this press release, including, without limitation, information related to the transaction, plans and anticipated benefits in relation to the transaction, the targeted close date for the transaction and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed herein. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; changes priorities, financial, and operating performance of Albemarle's major customers and industries and markets served by Albemarle; the timing of orders received from customers; the gain or loss of significant customers; competition from other manufacturers; changes in the demand for Albemarle's products or the end-user markets in which its products are sold; the availability of financing; the satisfaction of conditions to completion, including regulatory approvals; the occurrence of regulatory actions, proceedings, claims, or litigation; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-to-expand-lithium-production-capabilities-with-acquisition-of-guangxi-tianyuan-new-energy-materials-co-ltd-301388704.html

SOURCE Albemarle Corporation

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

OTTAWA, ON, Sept. 29, 2021 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it has closed the second and final tranche of a multi-faceted, non-brokered private placement financing for $412,000 (the "Offering") bringing the aggregate proceeds from both tranches to $712,000 (see press release dated September 28, 2021 for terms the first tranche).

This tranche of the Offering was comprised of 6,437,501 flow-through units ("Flow-through Units") at $0.064 per unit for aggregate gross proceeds of $412,000, with each Flow-Through Unit comprised of one common share in the capital of the Company and one-half of one common share purchase warrant (each a "Warrant") each issued on a flow-through basis within the meaning of the Income Tax Act (Canada). Each whole Warrant is exercisable for one common share at a price of $0.10 per share for a period of 24 months from closing, subject to acceleration in certain circumstances. Proceeds from the Offering will be used primarily to incur eligible exploration expenses at the Root & Cellar Property. The Company paid $3,840 in finders fees and issued 80,000 finders Warrants in connection with this Offering.

Securities issued under the Offering are subject to restrictions on resale for a period of four months from the date of closing. The Offering is subject to final approval of the TSX Venture Exchange.

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

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 Statement Regarding Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release but are not limited to, statements with respect to the expectations of management regarding the Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, and TSX Venture Exchange final approval of the Offering. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the TSX Venture Exchange may not provide final approval of the Offering; the proceeds of the Offering may not be used as stated in this news release; the funds raised from the sale of the Flow-Through Shares may not be renounced in favour of the holders; the Company may be unable to satisfy all of the conditions to the closing required by the TSX Venture Exchange. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE Northern Shield Resources Inc.

View original content: http://www.newswire.ca/en/releases/archive/September2021/29/c2079.html

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Sept. 29, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSXV: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing of up to C$4.0 million of units (the “Unit Offering”) and “flow-through” units (the “FT Offering”, and together with the Unit Offering, the “Offering”).

The Offering will consist of (i) a minimum of 25,000,000 units (the “Units”) at a price of C$0.04 per Unit for gross proceeds of a minimum of C$1.0 million (the “Minimum Offering”) and a maximum of up to 50,000,000 Units for gross proceeds of up to $2.0 million (the “Maximum Offering”), and (ii) up to 44,444,445 flow-through units (the “FT Units”) at a price of C$0.045 per FT Unit for gross proceeds of up to C$2.0 million. Each Unit will consist of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant shall be exercisable to acquire one Common Share at a price of C$0.07 per share for a period of 24 months from the closing date of the Offering. Each FT Unit will consist of one Common Share to be issued on a “flow-through” basis, and one-half of one Warrant.

The Company is relying on the temporary relief measures announced by the TSX Venture Exchange (“TSXVE”) on April 8, 2020 and June 17, 2021 (the “Temporary Relief”) in offering the Units and the FT Units at a price that is less than $0.05. Pursuant to the Temporary Relief, the Issuer will not issue more than 100% of its issued and outstanding Common Shares pursuant to the Offering. All securities issued under the Temporary Relief will be subject to a TSXVE hold period in addition to the restricted period under applicable securities laws and will be legended accordingly. The proceeds of the Offering will not primarily be used to pay management fees or for investor relations activities. Please see the table below for use of proceeds from the sale of Units.

MacDonald Mines is also pleased to announce that it has entered into a strategic relationship with GoldSpot Discoveries Corp. (TSXV: SPOT, OTCQX: SPOFF) (“GoldSpot”) to assist in the advancement of the Company’s SPJ Project located approximately 40 km east of Sudbury, Ontario. GoldSpot will utilize its artificial intelligence and machine learning technologies to optimize exploration targets, allowing the Company to better focus drilling efforts and unlock value across MacDonald Mines’ significant landholdings.

Commenting on the relationship, Interim Chief Executive Officer of MacDonald Mines, Stuart Adair, stated: “We are delighted to welcome GoldSpot as a strategic service provider of MacDonald Mines. The SPJ Project will benefit tremendously from the assistance of GoldSpot’s technologies and data-driven approach to exploration. Our team looks forward to working with the GoldSpot team to evaluate and unlock the potential of the SPJ Project.”

Commenting on the transaction with MacDonald Mines, Denis Laviolette, Executive Chairman and President of GoldSpot, stated: “GoldSpot is excited to provide our proprietary technology to MacDonald Mines. The size of the SPJ Project’s land package is substantial and we believe the large number of potential targets on the property are ripe for further analysis and refining under our team’s technological and geological guidance.”

The proceeds from the Unit Offering will be used by MacDonald Mines as set out in the Use of Proceeds table below, assuming the raising of either (i) the Minimum Proceeds and (ii) the Maximum Proceeds. The Offering of Units will only close if the Minimum Proceeds are raised. If more than the Minimum Proceeds from the sale of Units are raised, all additional funds up to the Maximum Proceeds will be used as set out in the Use of Proceeds table below. There is no minimum for the sale of the FT Units in the FT Offering, which proceeds will solely be used to incur Canadian Exploration Expenses.

The gross proceeds from the sale of FT Units in the FT Offering will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2021.

USE OF PROCEEDS OF UNIT OFFERING

^{*Although MacDonald Mines intends to use the proceeds of the Unit Offering as described above, the actual allocation of net proceeds may vary from the uses set forth above, depending on how future operations unfold, unforeseen events or adjustments in accordance with prudent business practices.}

Certain insiders of MacDonald Mines may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering. Upon closing of the Offering, the Company may pay a cash fee up to 8% of the aggregate gross proceeds raised in the Offering and 8% compensation options (“Compensation Options”) of the total number of Units and FT Units sold pursuant to the Offering to certain finders or in connection with certain advisory fees payable. Each Compensation Option will entitle the holder thereof to purchase one Unit (a “Compensation Option Unit”) at an exercise price per Compensation Option Unit equal to $0.05 for a period of 24 months following the Closing Date.

Closing of the Offering is scheduled to occur on or about November 5, 2021 and is subject to the approval of the TSXVE and other customary closing conditions. There can be no assurances that the Offering will be completed on the terms set out herein, or at all, or that the proceeds of the Offering will be sufficient for the uses of proceeds as set out above.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer for sale of securities in the United States.

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

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 19,380 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

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

For more information, please contact: Stuart Adair, CEO, sadair@macdonaldmines.com

Figure 1

Maricunga project – Old Code and New Code properties

Figure 2

Geological Exploration Target

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

Highlights

• Updated Measured and Indicated resource for the Maricunga Stage One Lithium Brine Project in Chile confirmed an increase by 90 per cent compared with 2019 Definitive Feasibility Study.

• Measured and Indicated (M&I) resource now estimated as 1,905,000 tonnes of Lithium Carbonate Equivalent (LCE) for the Stage One (Old Code) mining properties at an average grade of 953 mg/l lithium.

• This increase in M+I Resources is in addition to the M+I Resources (2018) of 979,000 tonnes LCE in the Litio 1-6 (New Code) concessions to a depth of 200 m.

• The Maricunga resource remains open at depth, with a new exploration target for further resource expansion between 400m-550m in the Stage One concessions.

• The DFS update for the Stage One continues as expected by Worley, GEA Messo and Atacama Waters.

• The latest drilling for the resource increase on the Stage One mining concessions at Maricunga has been completed, with the five exploration core holes each reaching target depth of 400m.

Access to the full technical report prepared by Atacama Water Consultants is available on SEDAR.com and the BRZ website at https://www.bearinglithium.com/research-reports/

Resource Estimate Highlights

The updated resource estimate of 1,905,000 tonnes of lithium carbonate equivalent (LCE) represents close to double the initial resource of 1,020,000 tonnes of LCE in the equivalent area (Stage One) in the 2019 Definitive Feasibility Study (DFS). A resource equivalent to 4.95 Mt of KCl was also defined. The resource estimate was prepared in accordance with JORC and NI 43-101 international reporting standards. Results are summarized in Table 1.

Table 1: Mineral Resource Estimate for Lithium Metal (Li) and Potassium

Table 2 shows the total resources of the Stage One concessions (Old Code concessions) expressed as Lithium Carbonate Equivalent (LCE) and Potash (KCL).

Table 2: Mineral Resource Estimate for Lithium Carbonate Equivalent (LCE) and Potash

1. Lithium is converted to lithium carbonate (Li2CO3) with a conversion factor of 5.32.

2. Potassium is converted to potash with a conversion factor of 1.91

3. Numbers may not add due to rounding.

The Stage One project comprises the Old Code properties of Cocina 19-27, Salamina, Despreciada and San Francisco, which have a total combined area of 1,125 hectares (Figure 1). These properties were constituted under the 1932 Chilean mining law and have grandfathered rights for the exploitation, production and sale of lithium.

It should be noted that the M+I Resources described above in Tables 1 and 2 are in addition to the M+I Resources (2018) of 184 Kt Lithium (979 Kt LCE) in the Litio 1-6 (New Code) concessions to a depth of 200 m.

The Maricunga resource remains open at depth. A new Exploration Target between 400m-550m has been defined for further resource expansion below the Old Code Concessions, and between 200m– 550m below the New Code concessions. They could potentially contain between 1.2Mt-2.1Mt of LCE¹. Figure 2 illustrates the geological exploration target for all of the Maricunga concessions.

¹ An Exploration Target is not a mineral resource. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume

Figure 1: Maricunga project – Old Code and New Code properties is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd5fea2-7028-46b4-a8a7-5a06ddd7f55e

Figure 2: Geological Exploration Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe0a445e-dae3-4e1b-a5ee-5060aa9bdcd0

Minera Salar Blanco SA’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are very pleased with these updated results, which confirm Maricunga as one of the world’s richest lithium brine deposits. Technical activities continue towards the completion of an updated DFS in Q4 2021. The financing for Stage One is now a priority, with preliminary indications of interest received from international financial institutions and private funds for debt and equity financing of the project.”

Bearing Lithium Corporation’s Chairman, Gil Playford commented:

“Increasing the 100% owned Stage 1 Old Concession Resources by 90% solidifies the viability of the Definitive Feasibility Study scheduled for Q4 2021. Having exploration potential at depth for both the old and new concessions portends future growth for the Maricunga Salar.”

Competent Person Statements

I, Frederik Reidel, CPG, as author of this report entitled “NI 43-101 Technical Report: Lithium Resources Update, Blanco Project- ‘Old Code’ Concessions, III Region Chile, prepared for Minera Salar Blanco S.A., dated September 20, 2021 do hereby certify that:

1. I am employed as Principal Hydrogeologist and General Manager by Atacama Water-Chile, residing at Badajoz 45, OF 1701, Las Condes, Santiago, Chile.

2. I am a graduate of New Mexico Institute of Mining and Technology with a Bachelors of Science Degree in Geophysics, 1986

3. I am a registered Certified Professional Geologist (#11454) with the American Institute of Professional Geologists

4. I have worked as hydrogeologist for more than 30 years since my graduation. My relevant experience for the purpose of the Technical Report is:

   • Qualified Person for the Sal de los Angeles Project, Salta Argentina for LiX Energy Corp (2016 – to date).

   • Qualified Person and Member of the technical committees of Li3 Energy Ltd and Minera Salar Blanco for the development of the Maricunga Lithium Project in Chile (2011 – to date).

   • Co-author of the NI 43-101 Technical Report on the lithium and potash resources in Salar de Maricunga for Li3 Energy Ltd (2012).

   • Evaluation of lithium and potash resources in Salar de Olaroz for Orocobre Ltd. in support of the project’s DFS and NI 43-101 Technical Report (2010-2011).

   • Evaluation of lithium and potash resources in Salar de Cauchari for Lithium Americas Corporation; NI 43- 101 Technical Report preparation; member of the company’s Technical Advisory Panel (2009-2010).

   • Evaluation of brine resources in Salar de Hombre Muerto for FMC (1992-1993)

   • Consulting hydrogeologist in the evaluation and development of groundwater resources for international mining companies in North- and South America (1989-2012).

5. I have read the definition of "qualified person" set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI 43-101.

6. I have visited the Salar de Maricunga and the Blanco Project area numerous times between August 2011 and to date. I was present on site on a regular basis during the 2011 – 2021 drilling and testing programs.

7. I have been involved as a QP with the property since 2011.

8. I am responsible for the overall preparation of this report.

9. I am independent of the Issuer applying the test set out in Section 1.4 of NI 43-101.

10. I have read NI43-101, and the Technical Report has been prepared incompliance with NI43-101 and Form43- 101F1.

11. To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.

Dated this 20^th day of September 2021.

Frederik Reidel, CP

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”

Gil Playford, Chairman

gplayford@bearinglithium.com

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

Cautionary Statements Regarding Forward Looking Information

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

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

Investors looking for stocks in the Chemical – Diversified sector might want to consider either Arkema SA (ARKAY) or FMC (FMC). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

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 emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Arkema SA has a Zacks Rank of #2 (Buy), while FMC has a Zacks Rank of #5 (Strong Sell) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that ARKAY is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.

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

The 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 12.58, while FMC has a forward P/E of 13.83. We also note that ARKAY has a PEG ratio of 0.42. 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 1.26.

Another notable valuation metric for ARKAY is its P/B ratio of 1.48. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, FMC has a P/B of 3.86.

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

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
 
Arkema SA (ARKAY) : Free Stock Analysis Report
 
FMC Corporation (FMC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Ordinances Align with Operational Plans of Piedmont Lithium’s proposed Carolina Lithium Project

BELMONT, N.C., September 29, 2021–(BUSINESS WIRE)–Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today responded to new quarry and mining ordinances approved by the Gaston County Board of Commissioners. The ordinances are not specific to Piedmont Lithium’s proposed project but consider all quarry and mining operations in the County as part of a more comprehensive update of Gaston County’s Unified Development Ordinance.

"The new ordinances enacted by Gaston County’s Board of Commissioners are in the best interests of Gaston County’s citizens and its environment, and we appreciate the guidance and clarity the ordinances provide," said Piedmont President and CEO, Keith Phillips. "We believe the safety and environmental standards currently outlined in our proposed Carolina Lithium Project will meet or exceed the standards set in the newly passed regulations, which align with Piedmont Lithium’s core values and initiatives for sustainable social and environmental practices."

The Company will continue working with the Gaston County Board of Commissioners for potential future rezoning and with the State of North Carolina regarding Piedmont Lithium’s State Mining Permit application, which was submitted on August 31, 2021.

"We welcome the Commission’s request for a public hearing regarding our State Mining Permit application, and we have also, in fact, formally requested a public hearing ourselves," said Phillips. "These hearings are common in such permit application proceedings and provide another opportunity for us to receive feedback regarding our Carolina Lithium Project application from the County and members of the community."

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 creation of a clean energy economy in North America. The centerpiece of our operations, the Carolina Lithium Project, is located in the renowned Carolina Tin-Spodumene Belt of North Carolina, and when combined with equally strategic and in-demand mineral resources from our long-term supply contracts and equity investments in lithium-based 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 and European electric vehicle and battery storage supply chains. The unique geology, geography and proximity of our resources, future production operations and customer base, will allow us to deliver a valuable continuity of supply of high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most electric vehicle 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 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/20210928006176/en/

Contacts

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

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

VANCOUVER, BC, Sept. 28, 2021 /CNW/ – Trading resumes in:

Company: Millennial Lithium Corp.

TSX-Venture Symbol: ML

All Issues: Yes

Resumption (ET): 1:30 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/September2021/28/c6789.html

Exploration and Resource Expansion Drilling Planned

Figure 1

Macusani Project Location Map with new target areas

VANCOUVER, British Columbia, Sept. 28, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce positive prospecting, mapping and sampling results from the Company’s Macusani Uranium Project (“Macusani”), located in the Puno region in southeastern Peru, and to provide an update on upcoming drilling plans for the project.

Highlights:

• 2021 radiometric prospecting and sampling work has identified possible extensions to five existing uranium deposits and three new anomalies for drill testing (see Figure 1 – Macusani Project Location Map with new target areas highlighted, below);

• Results include over 90 grab sample with grades ranging from a low of of 6.3 ppm U to a high of 377,400 ppm U (44.5% U₃O₈) with all samples averaging 18,270 ppm U (2.15% U₃O₈) ¹;

• Drilling is planned at Macusani to expand existing uranium resources and to test for new deposits.

• Permitting process, including environmental permits and community access agreements have been filed, with drilling anticipated to commence once exploration permit issued: and

Dr. Laurence Stefan, COO of American Lithium, states, “The results of the radiometric prospecting and sampling program continue to confirm the exciting potential for further resource expansion at Macusani, which is currently one of the largest undeveloped uranium projects globally. Our uranium mineral concessions cover the majority of the entire Macusani Uranium District, which contains all known uranium resources in Peru. We look forward to drill testing multiple targets starting next month.”

About Macusani Uranium Project:
Macusani is a low-capex, large-scale pre-development stage uranium project containing significant measured, indicated and inferred uranium resources, and has an NPV_(8%) of $603.1 million, IRR of 40.6% and a 1.8-year payback (all after-tax @ $50/lb U₃O₈ selling price).^{2, 3} The Macusani project has a large resource base with Indicated resources of 95.19 M tonnes grading 248 ppm U₃O₈, containing 51.9 M lbs U₃O₈ and Inferred Resources of 130.02 M tonnes grading 251 ppm U₃O₈, containing 72.1 M lbs U₃O₈. Macusani is located approximately 25 kilometres away from the Company’s Falchani Lithium deposit.

Notes
¹ Grab samples are selective, and the selected nature of such sampling does not necessarily reflect potential uranium contents expected from future drill testing, but they do indicate the presence of uranium mineralization and mineralizing systems in the surface rocks collected.

² "Macusani Project, Macusani, Peru, NI 43-101 Report – Preliminary Economic Assessment” prepared by Mr. Michael Short and Mr. Thomas Apelt, of GBM Minerals Engineering Consultants Limited; Mr. David Young, of The Mineral Corporation; and Mr. Mark Mounde, of Wardell Armstrong International Limited dated January 12, 2016.

³ Readers are cautioned that the PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty the results of the PEA will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Additional work is required to upgrade the mineral resources to mineral reserves. In addition, the mineral resource estimates could be materially affected by environmental, geotechnical, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, including the title to the 32 affected concessions that impact approximately 30% of the uranium mineral resources at Macusani. See below “Cautionary Note Regarding Macusani Concessions.”

A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1501f936-a07c-464c-a30a-3605908446b9

Details:
Recently completed radiometric prospecting, mapping and sampling work successfully generated additional drill target areas on Macusani. This work has been integrated with previous exploration results completed earlier in 2021 to form the basis of the upcoming diamond drill program, expected to commence in October, subject to permitting being finalized.

The exploration work completed this season consisted of ~12,000 radiometric scintillometer station readings coupled with the collection of over 90 outcrop sample stations with associated geological observations. Radiometric prospecting was completed using SAIC Exploranium GS-135 Plus hand-held spectrometers with sample station results recorded as counts per second (CPS) and map coordinates recorded using handheld GPS. Additional site, soil and rock observations are also recorded at prospected sites. Radiometric stations were completed initially on an approximately (~) 100 m by 100 m grid, which was tightened to ~50 m by 50 m and further, to ~25 m by 25 m when anomalous radioactivity was encountered to delineated fracture and disseminated uranium mineralization zones and trends.

CPS measurements from hand-held spectrometers and scintillometers measure radioactivity of certain decay products of uranium, thorium and potassium, and are not necessarily a direct indication of uranium contents. However, experience and previous equilibrium and geochemical reconciliation work completed over the past 16-year history of the Macusani conclude that CPS measurements from radiometric prospecting can provide an indication of uranium mineralization with no thorium and minimal potassium interference. Background radioactivity of the host rhyolite volcanic flows is usually <200 CPS. Over 90 grab samples were collected from surface outcrop or sub-crop buried under thin soil cover from prospected areas on the Macusani. Most sample sites had indications of radiometric or visible uranium mineralization, with attempts to collect a representative sample of the observed outcrop/sub-crop, however, the selected nature of such sampling does not necessarily reflect potential uranium contents expected from future drill testing, but they do indicate the presence of uranium mineralization and mineralizing systems in the surface rocks collected.

The samples range in uranium contents from a low of 6.3 ppm U to a high of 377,400 ppm U (44.5% U₃O₈). The average of all samples collected and analyzed is 18,270 ppm U (2.15% U₃O₈).

Uranium mineralization identified along fractures and disseminated within the host rhyolite matrix were collected using geological hammers with samples up to several kilograms placed in sealed bags for shipping to analytical labs in Lima. Sample site map coordinates are recorded using hand-help GPS, radiometric measurements recorded using handheld spectrometers as described previously, above, sites and samples are described and photographed by Company geologists.

The results of radiometric prospecting, mapping and sampling reveal several positive trends in the mineralized areas highlighted by the red stars in Figure 1.

Quality Assurance, Quality Control (“QA/QC”) and Data Verification
Radiometric prospecting is completed in a grid-pattern using SAIC Exploranium GS-135 Plus hand-held spectrometers (maximum reading ~65,600) with periodic sample station results recorded as CPS. The reader is cautioned that CPS measurements from hand-held spectrometers and scintillometers measure radioactivity of certain decay products of uranium, thorium and potassium, and are not necessarily a direct indication of uranium contents.

Outcrop grab samples are collected from exposed outcrop, with samples placed in sealed bags and shipped to Certimin’s sample analytical laboratory in Lima for sample preparation, processing and ICP-MS/OES multi-element analysis. Where Uranium contents exceed 10,000 ppm U (max detection limits for ICP technique), the original sample solutions are diluted and re-analyzed using the same ICP-MS methods. Certimin is an ISO 9000 certified assay laboratory. The selected grab samples are not necessarily representative of the grades of mineralization hosted on the property. The Company’s Qualified Person, Mr. Ted O’Connor, has verified the data disclosed, including radiometric prospecting and outcrop sampling procedures and analytical data. The QA/QC program is designed to include a comprehensive analytical quality assurance and control routine comprising the systematic use of Company inserted standards, blanks and field duplicate samples, and internal laboratory standards.

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

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 5 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:

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

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

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

(Adds Piedmont CEO comment in paragraph 3)

By Ernest Scheyder

Sept 28 (Reuters) – A North Carolina county on Tuesday added several mining-related standards to its zoning regulations, taking steps that directly affect a proposed Piedmont Lithium Inc mine that could eventually supply the ultralight battery mineral to Tesla Inc.

The Gaston County Board of Commissioners unanimously approved standards for lighting, noise-reduction, blasting and other mining-related activities. The new rules came after commissioners in August set a 60-day mining moratorium.

"We believe the safety and environmental standards currently outlined in our proposed Carolina Lithium Project will meet or exceed the standards set in the newly passed regulations," Piedmont Chief Executive Officer Keith Phillips, said in a statement.

The county did not previously have mining regulations, a fact that concerned elected officials who feared Piedmont would be able to operate without any local oversight should it ultimately receive state regulatory approval.

The project, which has divided the county of roughly 220,000, underscores the broader tension in the United States as resistance to living near a mine clashes with the potential of EVs to mitigate climate change.

Despite spending years buying acreage, hiring investment bankers and inking a supply deal with Tesla, Piedmont did not approach local officials until July and did not apply for a state mining permit until last month.

Piedmont has already spent $58 million on the project, which would produce about 30,000 tonnes of lithium annually, enough to make about 3 million EVs.

Commissioners have now threatened to deny a necessary zoning variance when Piedmont eventually applies for it. The Tesla deal was indefinitely postponed last month.

The zoning changes approved on Tuesday will require mining companies to build a 12-foot (3.7-meter) high barrier to mitigate noise. Any lights a mining project uses will not be allowed to shine on a neighbor's property. Miners will also have to erect a 7-foot-tall (2.13-meter )chain-link fence topped with barbed wire.

The new laws would also only allow rock blasting during the daylight hours. Violations of the blasting rules would give the county cause to revoke a mine's operating permit.

"We changed what we thought we needed to change in order to enforce safety around a mine," Chad Brown, a commissioner, told Reuters. (Reporting by Ernest Scheyder; additional reporting by Bhargav Acharya; Editing by Sonya Hepinstall, Richard Pullin and Sandra Maler)

(Adds Piedmont CEO comment in paragraph 3)

By Ernest Scheyder

Sept 28 (Reuters) – A North Carolina county on Tuesday added several mining-related standards to its zoning regulations, taking steps that directly affect a proposed Piedmont Lithium Inc mine that could eventually supply the ultralight battery mineral to Tesla Inc.

The Gaston County Board of Commissioners unanimously approved standards for lighting, noise-reduction, blasting and other mining-related activities. The new rules came after commissioners in August set a 60-day mining moratorium.

"We believe the safety and environmental standards currently outlined in our proposed Carolina Lithium Project will meet or exceed the standards set in the newly passed regulations," Piedmont Chief Executive Officer Keith Phillips, said in a statement.

The county did not previously have mining regulations, a fact that concerned elected officials who feared Piedmont would be able to operate without any local oversight should it ultimately receive state regulatory approval.

The project, which has divided the county of roughly 220,000, underscores the broader tension in the United States as resistance to living near a mine clashes with the potential of EVs to mitigate climate change.

Despite spending years buying acreage, hiring investment bankers and inking a supply deal with Tesla, Piedmont did not approach local officials until July and did not apply for a state mining permit until last month.

Piedmont has already spent $58 million on the project, which would produce about 30,000 tonnes of lithium annually, enough to make about 3 million EVs.

Commissioners have now threatened to deny a necessary zoning variance when Piedmont eventually applies for it. The Tesla deal was indefinitely postponed last month.

The zoning changes approved on Tuesday will require mining companies to build a 12-foot (3.7-meter) high barrier to mitigate noise. Any lights a mining project uses will not be allowed to shine on a neighbor's property. Miners will also have to erect a 7-foot-tall (2.13-meter )chain-link fence topped with barbed wire.

The new laws would also only allow rock blasting during the daylight hours. Violations of the blasting rules would give the county cause to revoke a mine's operating permit.

"We changed what we thought we needed to change in order to enforce safety around a mine," Chad Brown, a commissioner, told Reuters. (Reporting by Ernest Scheyder; additional reporting by Bhargav Acharya; Editing by Sonya Hepinstall, Richard Pullin and Sandra Maler)