Sign up Australia
Proactive Investors - Run By Investors For Investors

Piedmont Lithium completes $16M placement

Shares have tripled year to date, currently trading at $0.21.
highway exit sign that reads Funding, next exit
Diamond drilling assays are expected for the 42-holes over the coming weeks

Piedmont Lithium (ASX:PLL) has today issued 100 million shares to investors under its recently outlined share placement, which has raised $16 million.

As per the placement, shares priced at $0.16 have been issued to institutional and sophisticated investors in Australia, the U.S, Canada, and the U.K.

Funds raised will be used to expedite development of the company’s 100% owned Piedmont Lithium Project located in the world-class Carolina Tin-Spodumene Belt (TSB) in the U.S.

The TSB is one of the premier localities in the world to be exploring for lithium pegmatites given its history of lithium-bearing spodumene mining, favourable geology and ideal location.

The project has easy access to infrastructure, power, research centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The TSB was the most important lithium producing region in the western world prior to the establishment of the brine operations in Chile in the late 1990s.

Piedmont is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region.

The 93-hole, 12,262-meter, Phase 2 diamond drilling program was recently completed and assays for the remaining 42 holes are expected over the coming weeks.

READ NOW: Piedmont Lithium drill results confirm resource potential

View full PLL profile View Profile

Piedmont Lithium Ltd Timeline

Related Articles

Picture of high-grade manganese sample
April 12 2018
Mineral Resources' proposed takeover of Atlas Iron indicates that the market for manganese assets is on the rise.
Gold bars and gold mining operation
March 28 2018
The AUD gold price is trading near its all-time highs at around A$1,750 per ounce.
mine
February 08 2018
The Gunnison Copper Project is slated for commercial production in the second half of this year

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use