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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

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