Piedmont Lithium (ASX:PLL) successfully completes US public offering

Piedmont Lithium Ltd (ASX: PLL) has announced the successful completion of its underwritten public offering. This consists of 1.75 million of its American Depository Shares (ADS) with gross proceeds of US$122.5 million or A$159.1 million. Each ADS represents 100 of the company’s ordinary shares listed on the ASX. 

Fresh funds to drive Piedmont Lithium operations 

Piedmont is working through a number of prerequisites to emerge as the only US integrated hydroxide from the spodumene project. 

The company’s 25,000-meter drill program is underway and expected to provide a mineral resource update in April 2021. Piedmont is targeting the…