Piedmont Raises Funds for Lithium Project

Piedmont Lithium Ltd of Australia has announced that it has successfully completed an underwritten U.S. public offering of two million of its American Depositary Shares (ADS) and raised gross proceeds of US$50 million. The funds raised will be used to continue development of the company’s Piedmont lithium project in North Carolina, including a definitive feasibility study, testwork, permitting, exploration drilling and land consolidation.

Volume 34, Issue 21

Leave a Reply