Piedmont Lithium Inc. - PLL STOCK NEWS

Piedmont Lithium Limited (ASX:PLL, NASDAQ:PLL) is advancing its re-domiciliation to the US through a Scheme of Arrangement. Following the successful implementation, shareholders will receive CHESS depositary interests for Australian shares or US shares for American Depositary Shares. The Supreme Court of Western Australia approved the dispatch of the Scheme Booklet and a shareholder meeting set for April 7, 2021. Participation options include in-person and electronic voting due to COVID-19 safety measures. An Independent Expert's Report states the Scheme is in shareholders' best interests.

Piedmont Lithium Limited (ASX: PLL; Nasdaq: PLL) announced its participation in upcoming virtual conferences focused on electric vehicle supply chains, including the KeyBanc Capital Markets and BTIG-Energy Transition events. The Company aims to discuss its role in the lithium hydroxide market, derived from spodumene ore in North Carolina. Piedmont is targeting an annual production of 160,000 tons of spodumene concentrate and 22,700 tons of lithium hydroxide, supported by a robust mineral resource of 27.9Mt grading at 1.11% Li2O.

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.

Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) announced significant progress in its December 2020 quarterly report. Key highlights include the commencement of a definitive feasibility study for a 160,000 t/y spodumene concentrate operation in North Carolina, expansion of drilling programs, and receipt of essential permits for a lithium hydroxide plant. The company also expanded its land position to 2,322 acres and initiated a re-domicile process to move its primary listing to Nasdaq. A successful U.S. public offering raised $57.5 million, strengthening its financial position.

Piedmont Lithium Limited has announced the appointment of four new senior management team members: Ms. Malissa Gordon, Mr. Jim Nottingham, Mr. John “Pratt” Ray, and Mr. Brian Risinger. These appointments align with the Company’s objectives to advance its lithium hydroxide project in North Carolina and to redomicile its primary listing to the U.S. The new team members bring extensive experience in community relations, project management, mining, and corporate communications, enhancing Piedmont's capacity to transition from study to implementation.

Piedmont Lithium Limited has announced a strategic partnership with Sayona Mining Limited, involving a total investment of approximately US$12 million. Piedmont will acquire a 9.9% equity stake in Sayona for US$3.1 million and two convertible notes worth US$3.9 million, potentially increasing their stake to 19.9%. Additionally, Piedmont is investing US$5.0 million for a 25% stake in Sayona's Quebec subsidiary, which oversees the Authier and Tansim lithium projects. A binding supply agreement will secure at least 50% of Sayona Quebec's spodumene concentrate production, ensuring a consistent lithium supply.

Pall Corporation has entered a strategic partnership with Single Use Support GmbH to improve the safe handling of biologics. The collaboration will focus on distributing the RoSS platform, enhancing Pall's integrated solutions for the biopharma industry. This initiative aims to provide a fully validated end-to-end solution, thereby facilitating the efficient delivery of life-saving drugs. Pall's investment and combined expertise promise to make these innovative solutions more accessible to global biopharma customers.

Piedmont Lithium Limited plans to re-domicile from Australia to the United States, transitioning its primary listing from the ASX to the Nasdaq, pending shareholder, regulatory, and court approvals. The proposed Scheme will see Piedmont USA become the parent company, allowing investors to receive shares accordingly. This move aims to attract more U.S. investors, facilitate access to capital, and enhance the company's structure for future strategic opportunities. The Board recommends shareholder support, with a vote expected in March 2021.

Piedmont Lithium Limited has secured an air permit from the North Carolina Department of Environmental Quality for its planned lithium hydroxide chemical plant in Kings Mountain, North Carolina. This significant milestone follows a detailed review of the permit application submitted in October 2020. The permit outlines emission limits and air cleaning operations for the facility. Alongside a previously received federal permit, Piedmont now possesses all essential permits for the construction of its integrated project, which aims to be the only spodumene-to-hydroxide project in the U.S.