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Piedmont Lithium CEO buys shares on-market

Piedmont shares are up 175% year to date, currently priced at $0.195.
board room with empty chairs
Additional assays remain pending for the 93-hole Phase 2 diamond drilling program

Piedmont Lithium (ASX:PLL) has received a vote of confidence from Keith Phillips, President and CEO, who recently purchased 44,444 shares and 500 American depository receipts (ADRs) on-market.

The 500 ADRs purchased represent 50,000 shares and the ADRs have only recently commenced trading on the OTC Market as a member of the Nasdaq International Designation.

The purchases totalled $19,479 and increased Phillips’ total company shareholding to 600,000 shares and 500 ADRs.

Piedmont most recently increased its lithium mineral rights by 188 acres through additional land option and acquisition agreements in the Carolina Tin-Spodumene Belt in the U.S.

The Piedmont Lithium Project now encompasses 903 acres within the TSB, representing a 118% increase from its initial landholding as at September 2016.

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

READ NOW: Piedmont Lithium makes use of first mover advantage

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Piedmont Lithium Ltd Timeline

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