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 has announced plans for the 'Tennessee Lithium' project, set to become the largest lithium hydroxide plant in the U.S., located in Etowah, Tennessee. The project will have a production capacity of 30,000 metric tons per year, sourcing lithium concentrate from Piedmont’s international investments. The Definitive Feasibility Study is expected by the end of 2022, with first production targeted for 2025. This initiative aims to enhance the U.S. supply of lithium hydroxide, crucial for electric vehicle batteries, and is projected to create approximately 120 manufacturing jobs.
Pall Corporation has partnered with EverGrain to provide filtration solutions for a new large-scale plant-based protein facility in St. Louis, Missouri. This facility focuses on upcycling brewer's saved grains into high-quality protein ingredients using Pall's Membralox Microfiltration System. With global protein consumption expected to double by 2050, the facility aims to meet growing consumer demand for sustainable protein sources. EverGrain's innovative process transforms barley into nutritious plant-based ingredients previously used for animal feed.
Piedmont Lithium (Nasdaq:PLL) has been added to the U.S. Russell 2000® and Russell Microcap Indexes as part of the 2022 Russell indexes reconstitution. This inclusion is based on its membership in the Russell 3000® Index, which ranks the largest U.S. stocks by market capitalization. CEO Keith Phillips expressed optimism about the company being part of significant stock indices, enhancing its visibility among institutional investors. Approximately $12 trillion in assets are benchmarked against these indices, emphasizing their importance in the investment landscape.
Piedmont Lithium (Nasdaq: PLL) announced the restart of spodumene concentrate production at its North American Lithium project in Quebec, backed by an $80 million operational upgrade. The production is expected to begin in the first half of 2023. A significant offtake agreement will allow Piedmont to purchase up to 113,000 metric tons annually at a price between $500 and $900 per ton. The project is funded through contributions from both Piedmont and Sayona Mining, aiming to position the company as a key North American lithium producer.
Piedmont Lithium Inc. (NASDAQ: PLL) announced that its partner, Sayona Mining, published a prefeasibility study for the North American Lithium Project in Quebec. The study estimates an average annual production of approximately 168,000 tonnes of spodumene concentrate over a 27-year mine life, with a capital cost of around US$80 million for the project restart. Piedmont holds a 25% stake in this project and aims to explore marketing options for its share of production. The restart of operations is anticipated in the first half of 2023, following full capital authorization.
Piedmont Lithium Inc. (NASDAQ: PLL) announced that partner Sayona Mining Limited discovered a new lithium pegmatite zone at the Moblan Lithium Project in Québec. Initial drill results show significant lithium mineralization, including 5m @ 1.85% Li2O and 35m @ 1.62% Li2O in hole DDH135 and 6.6m @ 1.69% Li2O in DDH136. Piedmont holds a 16.5% stake in Sayona and views these results as promising for future lithium hydroxide production in Québec, given the region's resources and supportive government.
Piedmont Lithium Inc. (NASDAQ: PLL) announced a significant update regarding its partner Atlantic Lithium's Ewoyaa Project in Ghana, now estimated at 30.1 million metric tonnes at 1.26% Li2O. Piedmont holds a 50% earn-in right and a 10% equity interest in Atlantic Lithium. The indicated resource has increased to 20.5 million tonnes at 1.29% Li2O. This development is pivotal for Piedmont's strategy, especially towards the LHP-2 Project, as it positions the company to supply battery-grade lithium hydroxide effectively.
Piedmont Lithium Inc. (NASDAQ:PLL) announced the closure of its public offering of 2.01 million shares, raising $130.8 million. The funds will be used to restart operations at North American Lithium in Quebec, conduct exploration in Ghana, advance a lithium hydroxide plant in the southeastern U.S., and further develop the Carolina Lithium Project. J.P. Morgan and Evercore ISI were joint book-runners for the offering, which was made under an effective shelf registration statement with the SEC.
Piedmont Lithium has announced an upsized public offering of 1.75 million shares at $65.00 each, aiming to raise approximately $113.75 million. The offering, slated to close on March 24, 2022, includes an option for underwriters to purchase an additional 262,500 shares. The net proceeds will support operational restart in Quebec, exploration in Ghana, and development projects in the southeastern U.S., including the Carolina Lithium Project. J.P. Morgan and Evercore ISI are the joint book-runners for the offering.
Piedmont Lithium announced a public offering of 1.5 million shares of common stock to raise funds for various projects. The net proceeds will support the restart of operations at North American Lithium in Quebec, advance exploration in Ghana, and progress the Carolina Lithium Project. The offering could also finance other strategic initiatives. J.P. Morgan and Evercore ISI are leading the underwriters, with an option for an additional 225,000 shares. The offering is subject to market conditions and is registered with the Securities and Exchange Commission.