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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Piedmont Lithium Limited | ASX:PLL | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -2.50% | 0.195 | 0.195 | 0.20 | 0.20 | 0.195 | 0.195 | 818,742 | 07:10:28 |
Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (“Piedmont” or “Company”) is pleased to present its September 2020 quarterly report. Highlights during and subsequent to the quarter were:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201030005061/en/
Piedmont Lithium located within the USA's auto-alley
Keith D. Phillips, President and CEO of Piedmont, commented:
“We are extremely proud of the key milestones achieved by Piedmont during the quarter. Our agreement with Tesla highlights the strategic importance of Piedmont’s unique American spodumene deposit and confirms the trend toward spodumene as the preferred feedstock for the lithium hydroxide required in high-nickel batteries. Our relationship with Tesla represents the start of the first U.S. domestic lithium supply chain.
“Additionally, our recent U.S. public offering raised US$57.5 million and brought several strong U.S. cleantech and materials investors into our shareholder base, while strengthening Piedmont’s balance sheet, and enabling us to accelerate our development to become the first new American producer of lithium hydroxide in decades.
“We will soon commence an integrated definitive feasibility study (“DFS”), including a large infill drill campaign and pilot scale metallurgical testwork program, and will also prioritize the procurement of long lead-time items. We will continue to work on marketing arrangements for our lithium hydroxide and quartz by-products, focusing on the electric vehicle and solar panel markets, respectively. The DFS is planned for completion in Q2 2021.”
Click here to view the full ASX Announcement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201030005061/en/
Keith Phillips President & CEO T: +1 973 809 0505 E: kphillips@piedmontlithium.com
Tim McKenna Investor and Government Relations T: +1 732 331 6457 E: tmckenna@piedmontlithium.com
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