Sign up Australia
Proactive Investors - Run By Investors For Investors

Piedmont Lithium's Keith Phillips increases stake on-market

Shares traded at $0.20 yesterday, up more than 200% year to date.
Map of project
The company’s lithium project is in the Carolina Tin-Spodumene Belt of the U.S.

Piedmont Lithium Ltd's (ASX:PLL) chief executive officer, Keith Phillips, has demonstrated his confidence in the company’s U.S lithium strategy by increasing his direct stake with the purchase of 2,000 American depository receipts (ADRs) on-market.

The ADRs represent 200,000 shares and had a consideration of US$28,038.

Phillips’ direct holding is now 600,000 shares and 2500 ADRs.

Piedmont Lithium’s ADRs have only recently commenced trading on the OTC Market as a member of the Nasdaq International Designation under code PLLLY.

READ: Piedmont Lithium CEO buys shares on-market

In November Phillips purchased 50,000 shares and 500 ADRs on market with a total value of $19,479.

Piedmont 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 belt, representing a 118% increase from its initial landholding as at September 2016.

First mover advantage

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

View full PLL profile View Profile

Piedmont Lithium Ltd Timeline

Related Articles

Drill rigs in Mongolia
May 04 2018
The recent discovery hole at Zaraa intersected 606 metres at 0.36% copper and 0.32 g/t gold.
Energy Fuels nudges higher as it outlines opportunities to lift uranium output
March 21 2018
The group is always hunting new sources of alternate feed materials and fee processing arrangements, it said
Samples from the Erebor prospect at Little Gem
The Erebor discovery indicates that the Little Gem project in British Columbia may host multiple deposits.

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