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Piedmont Lithium substantial holder acquires more than 8 million shares

The company is progressing towards the definitive feasibility study for its Piedmont Lithium Project in the US.

Piedmont Lithium Ltd - Piedmont Lithium substantial holder acquires more than 8 million shares
The Bank of New York Mellon Corp now holds 69,883,500 shares

Piedmont Lithium Ltd (ASX:PLL) substantial holder The Bank of New York Mellon Corp (NYSE:BK) has acquired 8,382,900 shares in the company between 28 January and 17 March 2020.

The move brings the bank's total holding to 69,883,500 and increases the banks voting power from 7.46% up to 8.48%.

The Bank of New York Mellon Corp is the ultimate parent company of a corporate group comprised of a large number of operating and holding companies.

Progressing the Piedmont Lithium Project

The company’s activities for its Piedmont Lithium Project in North Carolina, US, are progressing well despite the current coronavirus pandemic.

Lithium hydroxide test work, the chemical plant pre-feasibility study and chemical plant permitting activities are ongoing with the aim of progressing towards a definitive feasibility study.

Quick facts: Piedmont Lithium Ltd

Price: 0.13 AUD

ASX:PLL
Market: ASX
Market Cap: $107.42 m
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Full interview: Piedmont Lithium managing pandemic crisis as they prepare...

Piedmont Lithium (ASX: PLL- Nasdaq: PLL) President and CEO Keith Phillips joined Steve Darling from Proactive to provide an update on the company and if they are being affected by the worldwide pandemic. Phillips giving an update on the release of their Pre-feasibility study scheduled to be...

on 6/5/20

2 min read