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

Newswire
November 20 2017

Related Articles

Lithium_381225958.jpg
January 28 2017
Rainmaker Resources may have been conspicuous by its absence from news feeds for a few months and its shares may be towards the bottom of its historical range, but investments are made of far more than that
1506662375_emmerson-resources_rob-bills-1-highres-757.jpg
September 29 2017
Rob Bills, managing director, talks exclusively with Proactive Investors.
Kwale-workers.jpg
August 29 2017
Base Resources has a top quality mineral sands asset at Kwale and is benefiting from a recovery in the market

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