Leading Minerals Executive Joins Piedmont Board

Rhea-AI Summary

Piedmont Lithium Limited has appointed Mr. Todd Hannigan as Non-Executive Director, effective immediately. Hannigan, previously CEO of Aston Resources, successfully raised approximately $2 billion to develop the Maules Creek coal project. His extensive experience in the mining industry and focus on battery materials will support the Piedmont Lithium Project in North Carolina. Chairman Jeff Armstrong noted Hannigan's commitment as a significant shareholder reflects the project's quality, and his role will assist in maintaining the ASX listing during the planned re-domiciliation to the U.S.

Positive

• Appointment of Todd Hannigan as a Non-Executive Director, bringing extensive mining industry experience.
• Hannigan's previous leadership role in Aston Resources, which raised $2 billion for project development.
• Focus on battery materials aligns with Piedmont's lithium project objectives.

Negative

• None.

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that experienced mining company executive Mr. Todd Hannigan has been appointed as Non-Executive Director of the Company, effective from today.

Mr. Hannigan was formerly the Chief Executive Officer of Aston Resources Limited (“Aston”). During this period, he led the growth of Aston into one of Australia's largest publicly listed resources companies. Aston raised approximately $2 billion in funding to acquire and develop the Maules Creek coal project through to first production. Aston merged with Whitehaven Coal Limited in a deal valued at over A$5 billion.

In January 2021, Mr. Hannigan was appointed non-executive Chairman of Tao Commodities Limited, which is developing the ‘critical mineral‘ Titan Project, a rare earth, titanium and zircon rich project in Tennessee, United States.

Mr. Hannigan will bring extensive industry knowledge, leadership and corporate relationships with a focus on battery and advanced manufacturing materials that will greatly benefit the Company as it progresses its exciting Piedmont Lithium Project in North Carolina, USA.

Jeff Armstrong, Independent Chairman of Piedmont, commented: “Todd is an outstanding addition to our Board and will add valuable leadership and experience. Todd is a large shareholder in Piedmont which is a testament to the quality of our Piedmont Lithium Project. Based in Australia, Todd will serve as an independent director and provide support for our continued ASX listing (via Chess Depositary Interests or “CDIs”) following our proposed re-domiciliation from Australia to the United States this year.”

Click here to view the full ASX Announcement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210208005230/en/

FAQ

Who is Todd Hannigan?

Todd Hannigan is the newly appointed Non-Executive Director of Piedmont Lithium Limited, with a strong background in the mining industry.

What is Todd Hannigan's previous experience?

Hannigan was the CEO of Aston Resources, leading it to become one of Australia's largest publicly listed resources companies.

How much funding did Aston Resources raise?

Aston Resources raised approximately $2 billion for the Maules Creek coal project.

What is the significance of Hannigan's appointment?

His appointment is expected to enhance leadership and support the development of the Piedmont Lithium Project in North Carolina.

Why is Hannigan's role important for Piedmont?

Hannigan's industry knowledge will help maintain the company's ASX listing during the planned re-domiciliation to the United States.