Base Metals

Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until December 14, 2020 to file lead plaintiff applications in a securities class action lawsuit against Turquoise Hill Resources Ltd. if they purchased the Company’s securities between July 17, 2018 and July 31, 2019, inclusive . This action is pending in the United States ...

Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until December 14, 2020 to file lead plaintiff applications in a securities class action lawsuit against Turquoise Hill Resources Ltd. (NYSE: TRQ), if they purchased the Company's securities between July 17, 2018 and July 31, 2019, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased securities of Turquoise Hill and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( lewis.kahn@ksfcounsel.com ), or visit https://www.ksfcounsel.com/cases/nyse-trq/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by December 14, 2020 .

About the Lawsuit

Turquoise Hill and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) underground development of the Oyu Tolgoi copper-gold mine, which was the Company's principal asset, was not progressing as planned; (ii) significant undisclosed underground stability issues called into question the design of the mine; (iii) publicly disclosed estimates of the cost, completion and production dates from the mine were not achievable; (iv) the capital required for the Oyu Tolgoi development would cost substantially more than a billion dollars over what the Company had represented; and (v) the Company would require additional financing and/or equity to complete the project.

The case is Franchi v. Turquoise Hill Resources Ltd. , No. 20-cv-08585.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com .

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850

News Provided by Business Wire via QuoteMedia

Best Copper Stocks on the TSX

Click here to read the previous best TSX copper stocks article.

Copper had a stellar first half of 2021, with prices rallying to their all-time highest level during Q2.

Unlike the first half of 2020, the trend in copper prices was upward for most of the first half of this year, with the red metal hitting an all-time high in May.

Heading into the home stretch of 2021, the market is still robust, and there is plenty of optimism that copper remains in bullish territory. Many analysts and companies expect a boom in the coming years as electrification and electric vehicles grow in popularity and subsequently increase the world’s appetite for the vital base metal.

Keep reading... Show less

Platreef Mine Secures US$200 Million Gold Stream Financing and Additional US$100 Million Palladium and Platinum Stream

Offtake arrangements announced for 100% of Platreef's first phase production

Platreef scheduled to commence production in 2024

Keep reading... Show less
Victory Receives Smokey Lithium Drill Permit

Victory Receives Smokey Lithium Drill Permit

  • Following Extensive Exploration and Analysis Smokey Lithium Exploration Team Set to Begin Drill Program
  • Drill Program will Focus on Relationship to High Li Zone to adjacent Jindalee Property

Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is excited to announce that the Company's has received a drill permit to commence drilling on its Smokey Lithium property in Esmeralda County, Nevada

As a result of the extensive exploration work and analysis conducted to date, the Company's exploration team has identified drill targets that will determine whether a relationship exists to the high Li zone on the adjacent Jindalee property. The drill permit was expanded from the original 4 holes to 15 holes based upon further analysis by the Company's Exploration Team which included locations of key targets for drill holes.

Keep reading... Show less
Getchell Gold Corp. Secures Two Drill Rigs for 2022 at the Company's Nevada Projects

Getchell Gold Corp. Secures Two Drill Rigs for 2022 at the Company's Nevada Projects

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to announce the Company has executed a contract to secure two drill rigs for the entirety of 2022 to conduct exploration at the Company's Nevada based projects.

"The discovery of our Colorado SW and North Fork gold zones and the successful follow-up drill results indicate an extensive mineralizing system at the Fondaway Canyon gold project that remains open to depth and along strike. The procurement of a second drill rig will facilitate an accelerated advancement and broader delineation of these discoveries," states Mike Sieb, President, Getchell Gold Corp. "In addition, the second drill rig will enhance our news flow next year and allow for the much-anticipated maiden drill program at the Star high-grade copper-gold-silver project."

Keep reading... Show less
Latin Metals Stakes Three New Copper Exploration Projects, Coastal Copper Belt, Peru

Latin Metals Stakes Three New Copper Exploration Projects, Coastal Copper Belt, Peru

TSXV: LMS) OTCQB: LMSQF) announces that it has acquired a 100% interest in three copper exploration projects totaling 5,000 hectares, located in the Coastal Copper Belt, Peru. The three projects (Loli, Tillo, and Para) (the " Projects ") are located approximately 130km southwest of the Company's Lacsha copper project, where recent exploration has identified extensive copper mineralization at surface and where the Company expects to complete an IP survey in January 2022 ( Figure 1 ).

The Projects were acquired by staking following completion of an extensive regional stream sediment survey, screening approximately 480 km 2 . The areas were selected based on consistent copper anomalies and geological similarities to the Lacsha - Yanba projects area.

Keep reading... Show less
Opawica Announces $2,000,000 Flow Through Placement

Opawica Announces $2,000,000 Flow Through Placement

(TheNewswire)

Opawica Explorations Inc.

TheNewswire - December 7 th 2021 Opawica Explorations Inc. (the "Company") (TSXV:OPW) (OTC:OPWEF) is pleased to announce that it proposes to undertake a private placement to raise gross proceeds of up to $2,000,000 (the "Offering"). The Company proposes to raise up to $2,000,000 through the sale of up to 3,636,363 flow-through units priced at $0.55 (the "FT Units"). Each FT Unit consists of one flow-through common share and one-half of a share purchase warrant, with each whole Warrant exercisable into one further common share at a price of $0.75 for a term of two years.

Keep reading... Show less

Top News

Related News