Welcome to our dedicated page for Piedmont Lithium news (Ticker: PLL), a resource for investors and traders seeking the latest updates and insights on Piedmont Lithium stock.
Piedmont Lithium Inc. reports developments around its lithium products business, capital structure, governance matters, and operating results. Company updates have centered on North American lithium supply-chain exposure, material agreements, shareholder voting matters, securities ownership disclosures, and financial results.
The company's recent news also reflects its completed merger with Sayona Mining Limited, after which Piedmont continued as a wholly owned subsidiary of Sayona. Related updates address security conversion, exchange-listing status, and corporate-status changes following the transaction.
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.
Piedmont Lithium Limited has appointed Mr. Todd Hannigan as Non-Executive Director, effective immediately. Hannigan, previously CEO of Aston Resources, successfully raised approximately $2 billion to develop the Maules Creek coal project. His extensive experience in the mining industry and focus on battery materials will support the Piedmont Lithium Project in North Carolina. Chairman Jeff Armstrong noted Hannigan's commitment as a significant shareholder reflects the project's quality, and his role will assist in maintaining the ASX listing during the planned re-domiciliation to the U.S.
Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) announced significant progress in its December 2020 quarterly report. Key highlights include the commencement of a definitive feasibility study for a 160,000 t/y spodumene concentrate operation in North Carolina, expansion of drilling programs, and receipt of essential permits for a lithium hydroxide plant. The company also expanded its land position to 2,322 acres and initiated a re-domicile process to move its primary listing to Nasdaq. A successful U.S. public offering raised $57.5 million, strengthening its financial position.
Piedmont Lithium Limited has announced the appointment of four new senior management team members: Ms. Malissa Gordon, Mr. Jim Nottingham, Mr. John “Pratt” Ray, and Mr. Brian Risinger. These appointments align with the Company’s objectives to advance its lithium hydroxide project in North Carolina and to redomicile its primary listing to the U.S. The new team members bring extensive experience in community relations, project management, mining, and corporate communications, enhancing Piedmont's capacity to transition from study to implementation.