Piedmont Increases Lithium Resources By 40%

  • Piedmont Lithium Project’s Global Mineral Resources increased to 39.2 Mt @ 1.09% Li 2 O
  • Exploration and infill drilling continues with five rigs operating on the Core property
  • The updated resource base will underpin the Scoping Study update targeted for May 2021
  • A further resource update will precede the DFS scheduled for September 2021 release

Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) is pleased to announce an updated Global Mineral Resource estimate (“MRE”) (Table 1) for the Company’s flagship Piedmont Lithium Project in North Carolina, USA which includes updated Mineral Resource estimates from the Core and Central properties and an initial Mineral Resource estimate from the Huffstetler property (Table 2). The total MRE for the project is 39.2 Mt at 1.09% Li 2 O (Figure 1), with 55% of the MRE currently classified in the Indicated category. The Mineral Resource estimate is reported in accordance with JORC Code (2012 Edition).

Table 1: Piedmont Lithium Global Mineral Resources Estimate (MRE)

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Pall Corporation Expands Global Production Capacity

– Pall Corporation, a global leader in filtration, separation and purification, continues to increase capacity to meet industry demands driven by COVID-19 with a new manufacturing facility in Spartanburg County, South Carolina and the shareholder acquisition of Pall-Austar Lifesciences Limited, a China -based joint-venture. The Spartanburg County, South Carolina facility is part of a $114M investment which also includes production capacity expansion at seven existing Pall manufacturing facilities across the United States and Europe .

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Piedmont Announces Closing of Public Offering

Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced the closing of its previously announced underwritten public offering of 1.75 million American Depositary Shares (“ADSs”), with each ADS representing 100 of its ordinary shares (“Public Offering”). The aggregate gross proceeds of the Public Offering, before underwriting discounts and commissions, totaled $122.5 million.

J.P. Morgan, Evercore ISI and Canaccord Genuity acted as joint book-runners for the Public Offering. BTIG, LLC, B. Riley Securities, Loop Capital Markets, Roth Capital Partners, ThinkEquity, a division of Fordham Financial Management, Inc., Jett Capital Advisors and Tuohy Brothers acted as co-managers for the Public Offering.

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Piedmont Announces Proposed U.S. Public Offering of American Depositary Shares

Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (“ADSs”), with each ADS representing 100 of its ordinary shares (“Public Offering”).

J.P. Morgan, Evercore ISI and Canaccord Genuity are acting as joint book-runners and lead underwriters for the Public Offering. Piedmont intends to grant the underwriters a 30-day option to purchase up to 225,000 additional ADSs at the issue price of the Public Offering.

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Piedmont Announces Despatch of Scheme Booklet

  • Scheme Booklet available online
  • Scheme meeting to be held in person and online on April 7, 2021

Piedmont Lithium Limited (ASX:PLL, NASDAQ:PLL) (Piedmont or Company) is pleased to announce that the Scheme Booklet in relation to Piedmont’s proposed re-domiciliation from Australia to the United States via a Scheme of Arrangement ( Scheme ), has today been despatched to shareholders, including the notice of meeting, personalised proxy form and small parcel holder opt out form.

Piedmont shareholders who have elected to receive communications electronically will receive an email which contains instructions about how to view or download a copy of the Scheme Booklet, as well as instructions on how to lodge their proxies for the meeting online.

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