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Piedmont Lithium begins trading on Nasdaq

Shares are up 85% over the past 3 months, currently trading at $0.18.
Digital sign on building reading NASDAQ
Piedmont’s ADRs will trade on the Nasdaq International under ticker 'PLLLY'

Piedmont Lithium (ASX:PLL) has been admitted to Nasdaq International Designation and its American Depositary Receipts (ADRs) have commenced trading in the U.S.

A larger pool of investors will now be able to gain exposure to the Piedmont lithium project, which is located in an infrastructure-rich region of North Carolina.

The project is located less than 10 miles from the only two large lithium processing facilities in the U.S.

The company will now begin an extensive marketing campaign to new U.S. investors.

It will also continue to build relationships with U.S. banks and brokers that have experience and knowledge of the lithium and clean-technology sectors.

Keith Phillips, CEO, commented

“Launching an ADR program in the U.S signals a key milestone as we drive development forward at our Piedmont Lithium Project in North Carolina and boost visibility among U.S investors.

“We are excited to begin an extensive U.S marketing campaign with a Nasdaq International Designation that allows investors to trade in U.S dollars, during U.S trading hours.”

Phase 2 drilling campaign

Phase 2 drilling originally completed last month in September but was extended for a further 3,000 metres.

Current drilling is only scratching the surface of the Piedmont project as it is typically testing the pegmatites at less than 100 metres vertical depth.

Final assays are expected to be released over the remainder of the current December quarter.

Drill results will be used to form both an Exploration Target and a maiden JORC resource estimate.

READ NOW: Assays from the first 26 holes of the Phase 2 drilling

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Piedmont Lithium Ltd Timeline

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