Piedmont Lithium Inc Stock Price, News & Analysis

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.

Piedmont Lithium Limited (Nasdaq:PLL; ASX:PLL) announced a public offering of 1.5 million American Depositary Shares (ADSs), each representing 100 ordinary shares. The offering is subject to market conditions and includes a 30-day option for underwriters to purchase an additional 225,000 ADSs. The proceeds will fund the Piedmont Lithium Project's development, strategic investments in Sayona Mining Limited, and general corporate purposes. The offering is made under an effective shelf registration statement filed with the SEC.

Piedmont Lithium Limited has distributed the Scheme Booklet to shareholders regarding its proposed re-domiciliation from Australia to the US via a Scheme of Arrangement. Shareholders can view the booklet electronically or receive it by mail. Upon implementation, Piedmont shareholders will receive one US CHESS depositary interest (CDI) for each share held, and American Depositary Share (ADS) holders will receive one US share for each ADS. The Scheme Meeting is scheduled for April 7, 2021, permitting electronic participation.

Piedmont Lithium Limited (ASX:PLL, NASDAQ:PLL) is advancing its re-domiciliation to the US through a Scheme of Arrangement. Following the successful implementation, shareholders will receive CHESS depositary interests for Australian shares or US shares for American Depositary Shares. The Supreme Court of Western Australia approved the dispatch of the Scheme Booklet and a shareholder meeting set for April 7, 2021. Participation options include in-person and electronic voting due to COVID-19 safety measures. An Independent Expert's Report states the Scheme is in shareholders' best interests.

Piedmont Lithium Limited (ASX: PLL; Nasdaq: PLL) announced its participation in upcoming virtual conferences focused on electric vehicle supply chains, including the KeyBanc Capital Markets and BTIG-Energy Transition events. The Company aims to discuss its role in the lithium hydroxide market, derived from spodumene ore in North Carolina. Piedmont is targeting an annual production of 160,000 tons of spodumene concentrate and 22,700 tons of lithium hydroxide, supported by a robust mineral resource of 27.9Mt grading at 1.11% Li2O.