Piedmont Lithium Inc - PLL STOCK NEWS

Piedmont Lithium Inc. (NASDAQ: PLL) announced that partner Sayona Mining Limited discovered a new lithium pegmatite zone at the Moblan Lithium Project in Québec. Initial drill results show significant lithium mineralization, including 5m @ 1.85% Li₂O and 35m @ 1.62% Li₂O in hole DDH135 and 6.6m @ 1.69% Li₂O in DDH136. Piedmont holds a 16.5% stake in Sayona and views these results as promising for future lithium hydroxide production in Québec, given the region's resources and supportive government.

Piedmont Lithium Inc. (NASDAQ: PLL) announced a significant update regarding its partner Atlantic Lithium's Ewoyaa Project in Ghana, now estimated at 30.1 million metric tonnes at 1.26% Li₂O. Piedmont holds a 50% earn-in right and a 10% equity interest in Atlantic Lithium. The indicated resource has increased to 20.5 million tonnes at 1.29% Li₂O. This development is pivotal for Piedmont's strategy, especially towards the LHP-2 Project, as it positions the company to supply battery-grade lithium hydroxide effectively.

Piedmont Lithium Inc. (NASDAQ:PLL) announced the closure of its public offering of 2.01 million shares, raising $130.8 million. The funds will be used to restart operations at North American Lithium in Quebec, conduct exploration in Ghana, advance a lithium hydroxide plant in the southeastern U.S., and further develop the Carolina Lithium Project. J.P. Morgan and Evercore ISI were joint book-runners for the offering, which was made under an effective shelf registration statement with the SEC.

Piedmont Lithium has announced an upsized public offering of 1.75 million shares at $65.00 each, aiming to raise approximately $113.75 million. The offering, slated to close on March 24, 2022, includes an option for underwriters to purchase an additional 262,500 shares. The net proceeds will support operational restart in Quebec, exploration in Ghana, and development projects in the southeastern U.S., including the Carolina Lithium Project. J.P. Morgan and Evercore ISI are the joint book-runners for the offering.

Piedmont Lithium announced a public offering of 1.5 million shares of common stock to raise funds for various projects. The net proceeds will support the restart of operations at North American Lithium in Quebec, advance exploration in Ghana, and progress the Carolina Lithium Project. The offering could also finance other strategic initiatives. J.P. Morgan and Evercore ISI are leading the underwriters, with an option for an additional 225,000 shares. The offering is subject to market conditions and is registered with the Securities and Exchange Commission.

Piedmont Lithium Inc. has released an updated Corporate Overview Presentation addressing the lithium supply chain in North America. This presentation includes a Preliminary Economic Assessment for a second hydroxide plant and projections of production timelines for the company's North Carolina, Quebec, and Ghana operations. CEO Keith Phillips emphasized the potential for revenue generation from the North American Lithium restart and spodumene production at Ewoyaa by 2024. The company's expansion aims to meet the growing lithium demand for electric vehicles.

Piedmont Lithium reports a Preliminary Economic Assessment (PEA) for LHP-2, a proposed lithium hydroxide plant projected to produce 30,000 metric tons annually. The PEA estimates a 30-year operational life with capital costs of $572 million and an EBITDA of $346 million yearly. The internal rate of return is projected at 33%, with a net present value of approximately $2.25 billion. The company is positioned to secure spodumene concentrate from existing partnerships, ensuring material supply upon commencement. Final site selection and financing details remain pending.

Piedmont Lithium Inc. (NASDAQ: PLL) announced that its partner, Sayona Mining (ASX: SYA), has completed a Mineral Resource estimate update for its North American Lithium and Authier Projects in Quebec, totaling 119.1 million metric tonnes at 1.05% Li₂O. Piedmont holds a 25% interest in these projects and approximately 17% in Sayona Mining. The report indicates a doubling of mineral resources, positioning Sayona Quebec as Canada's largest spodumene resource. Piedmont aims to leverage this growth to become a leading lithium hydroxide producer in North America.

Piedmont Lithium Inc. (NASDAQ: PLL) announced the successful outcome of its annual shareholders meeting held virtually on February 3, 2022. A total of 8,520,938 votes were cast, representing 53.69% of common shares. Shareholders approved all resolutions, including the election of two directors, the appointment of Deloitte & Touche LLP as auditors, and stock options and restricted stock units to key executives. The newly elected directors will serve until the 2024 Annual Meeting. Details of voting results are available on the company’s website.