Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Turquoise Hill Resources Ltd. between July 17, 2018 and July 31, 2019, inclusive . To join the class action, go to or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action. 如果您想加入这个集体诉讼案,请在这里提交您的信息。 If ...

Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Turquoise Hill Resources Ltd. (NYSE: TRQ) between July 17, 2018 and July 31, 2019, inclusive (the "Class Period").

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=turquoise-hill-resources-ltd&id=2474 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

如果您想加入这个集体诉讼案,请在这里提交您的信息。 http://zhanginvestorlaw.com/join-action-form/?slug=turquoise-hill-resources-ltd&id=2474

If you wish to serve as lead plaintiff, you must move the Court before the December 14, 2020 DEADLINE. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose the following about its Oyu Tolgoi copper-gold mine in Mongolia: the stability issues were much more severe than represented and called into question the design of the mine, the projected cost and timing of production; the publicly disclosed estimates of the cost, date of completion and dates for production from the underground mine were not achievable; the "challenging ground conditions" were much more severe than defendants represented, and in fact made it impossible for Turquoise Hill and Rio Tinto to achieve those estimates; the development capital required for the underground development of Oyu Tolgoi would cost substantially more than a billion dollars over what Turquoise Hill and Rio Tinto had represented; Turquoise Hill would require additional financing and/or equity to complete the project; the progress of underground development and of Oyu Tolgoi was not proceeding as planned; and the "key risks" had not been "well understood and managed" but had placed the project schedule and cost into severe jeopardy. When the true details entered the market, the lawsuit claims that investors suffered damages.

Lead plaintiff status is not required to seek compensation.  You may retain counsel of your choice.  You may remain an absent class member and take no action at this time.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
info@zhanginvestorlaw.com
tel: (800) 991-3756


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

Opawica Engages Drill Contractor for 14 High Priority Targets on Bazooka Property, Quebec

Opawica Engages Drill Contractor for 14 High Priority Targets on Bazooka Property, Quebec

(TheNewswire)

Opawica Explorations Inc.

Vancouver, B.C. TheNewswire - November 30 th 2021 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") announces that further to the Company's news release of November 24 th 2021, the Company has engaged the services of a Forage DCB Drilling of Rouyn-Noranda to undertake a minimum of 3,000 meters of drilling on the Bazooka Property.

Keep reading... Show less
Forum Uranium and Energy Metal Project Review

Forum Uranium and Energy Metal Project Review

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to update shareholders with a review of the Company's exploration plans on its uranium, copper, nickel and palladium projects in Saskatchewan and its cobalt project in Idaho (Figure 1).

URANIUM PROJECTS

Keep reading... Show less
Pan Global Intersects up to 16.8% Copper at Escacena Project, Southern Spain and Extends Mineralization

Pan Global Intersects up to 16.8% Copper at Escacena Project, Southern Spain and Extends Mineralization

  • 10m at 1.7% CuEq, including 0.7m at 18.2% CuEq
  • 20.6m at 0.9% CuEq supergene chalcocite, including 8.5m at 1.3% CuEq
  • Copper-tin mineralization increasing in the west and down dip
  • Exploration accelerating in Al Andaluz

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce new high-grade copper and tin intercepts as drilling continues at the La Romana open pit copper target at the Escacena Project in the Iberian Pyrite Belt, southern Spain. Exploration has also commenced on the recently granted Al Andaluz Investigation (Exploration) Permit immediately to the east of La Romana within the Escacena Project area. The La Romana target is located less than 6 km from the former Aznalcollar open pit mine and approximately 15km west of the Las Cruces copper mine.

Tim Moody, Pan Global President and CEO states: "The latest results include the highest copper assay ever reported at La Romana with 16.8% Cu or 18.2% Cu equivalent (CuEq) over 0.7m within a 10m wide interval averaging 1.7% CuEq. The results add copper and tin mineralization near-surface in the west and downdip on several sections which confirms the deposit remains wide open in several areas. Results are awaited for several new holes, including in the far west where the copper and tin mineralization appears to be increasing towards the La Romana mine workings."

Keep reading... Show less
Victory Initiates IP Survey on Its Mal-Wen Property

Victory Initiates IP Survey on Its Mal-Wen Property

Preliminary Results Indicate That There Is a Significant Chargeability Anomaly to the East of the Mal Prospect

Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company has initiated an extensive IP survey its Mal-Wen project, located in south-central British Columbia, within the eastern belt of the Nicola Group

Keep reading... Show less

First Quantum Announces Partial Redemption of 2023 Notes

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. ("FQM" or the "Company") (TSX:FM) today announced that it has issued a notice of partial redemption for $600 million of its outstanding 7.250% Senior Notes due April, 2023 (Rule 144A: ISIN US335934AK15; CUSIP 335934AK1; Reg S: ISIN USC3535CAF52; CUSIP C3535CAF5) (the "2023 Notes") for December 7, 2021 (the "Redemption Date").

Keep reading... Show less
Successful Springdale Graphite Optimisation Test Results

Successful Springdale Graphite Optimisation Test Results

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to provide the successful results of the final phase of specialist test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. The results of optimisation work aimed at improving the yield in the production of spherical graphite (SPG) were highly successful. By classifying the material in an air classifier into fine and coarse fractions to separate the fines fraction prior to the production of the SPG, yield was improved from 30-40% in prior testing, to 60%, which is considered a good yield. Further, as less material was input into the process of spheronisation after the classifying stage was completed, the throughput increased and energy consumption was reduced.

In addition to the positive results from optimisation on yield, testing for tap density on the 15 micron SPG produced revealed that tap density had also increased. Prior testing results for tap density of the 15 micron SPG were 0.90kg/l, however on the material that was produced after use of the air classifier, tap density increased to 0.93kg/l, which is in line with generally accepted commercial specification for production of SPG to be used in the manufacture of battery anode material for use in lithium-ion batteries.

Keep reading... Show less

Top News

Related News