Piedmont Lithium Inc Stock Price, News & Analysis

Piedmont Lithium Inc. (NASDAQ: PLL) has appointed Claude Demby and Susan Jones as new Non-Executive Directors, succeeding Anastasios Arima and Levi Mochkin, who have retired. Demby, with extensive governance experience, and Jones, a former executive at Nutrien, are expected to guide the company's growth in the fast-evolving electric vehicle market. Both bring significant operational expertise and board experience to enhance Piedmont's strategic objectives in lithium hydroxide production, vital for the U.S. electric vehicle supply chain.

Piedmont Lithium Inc. (NASDAQ:PLL) has successfully implemented a scheme of arrangement to re-domicile Piedmont Lithium Limited from Australia to the USA. All shares of Piedmont Australia have been transferred to Piedmont. Shareholders of Piedmont Australia will receive Scheme consideration in the form of Piedmont CDIs and shares, while ineligible foreign shareholders will have their entitlements sold by an agent, with proceeds remitted to them. The announcement was authorized by the Company's Chief Executive Officer.

Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) has released its March 2021 quarterly report, highlighting significant advancements. Key achievements include appointing David Klanecky as COO and expanding the senior management team. The company successfully completed a U.S. public offering, raising $122.5 million. Mineral resources at the Piedmont Lithium Carolinas operations increased by 40%, now totaling 39.2 million tonnes. Piedmont initiated a Definitive Feasibility Study for its North Carolina lithium hydroxide project and acquired a 19.9% interest in Sayona Mining Limited.

Piedmont Lithium Limited (Nasdaq:PLL; ASX:PLL) announced that shareholders have approved its re-domiciliation scheme, where Piedmont Lithium Inc. will acquire 100% of Piedmont. This approval follows requisite majorities, but the scheme is still subject to several conditions, including Foreign Investment Review Board approval and a Supreme Court ruling in Western Australia.

Implementation is anticipated on May 17, 2021, pending the satisfaction of these conditions. Further information is available on the company's websites.

Piedmont Lithium Limited (Nasdaq:PLL; ASX:PLL) has announced an updated Global Mineral Resource estimate for its Piedmont Lithium Project in North Carolina. The total resource is now 39.2 Mt at 1.09% Li₂O, with 55% of this classified as Indicated. This includes updated estimates from Core and Central properties, along with an initial estimate from the Huffstetler property. The increased resource positions Piedmont as a significant lithium supplier in the U.S., aligning with rising investments in electrification and clean energy.

Pall Corporation is expanding its global production capacity with a new facility in Spartanburg County, South Carolina, and acquiring Pall-Austar Lifesciences Limited in China. This expansion involves a $114M investment aimed at enhancing manufacturing of single-use technology to meet the increasing demand driven by COVID-19. The company predicts the creation of approximately 1,100 jobs worldwide in 2021. Additionally, existing facilities in the U.S. and Europe will increase production to support biopharmaceutical manufacturing and expedite vaccine delivery.

Piedmont Lithium Limited (Nasdaq:PLL; ASX:PLL) has appointed David Klanecky as Executive Vice President and Chief Operating Officer. Klanecky, a seasoned expert in the lithium industry, will lead the integrated US-based lithium chemicals business. His extensive experience includes senior roles at Albemarle Corporation, where he oversaw lithium operations globally. He holds a Chemical Engineering degree and an Executive MBA. CEO Keith D. Phillips expressed confidence in Klanecky’s capability to enhance Piedmont's operational efficiency as the company advances in building a leading lithium hydroxide business in the U.S.

Piedmont Lithium Limited (Nasdaq: PLL; ASX: PLL) has completed a public offering of 1.75 million American Depositary Shares (ADSs), raising gross proceeds of $122.5 million. The funds will support the development of the Piedmont Lithium Project, including feasibility studies, exploration drilling, and strategic investments in Sayona Mining Limited and Sayona Quebec Inc. The offering was conducted under an effective shelf registration statement with the SEC.

Piedmont Lithium Limited (Nasdaq: PLL; ASX: PLL) announced a public offering of 1.75 million American Depositary Shares (ADSs) at $70.00 per ADS, raising $122.5 million. The underwriters have a 30-day option for an additional 262,500 ADSs. Proceeds will fund the Piedmont Lithium Project, including feasibility studies and exploration, and strategic investments in Sayona Mining Limited and Sayona Quebec Inc. The offering is expected to close on March 25, 2021.