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Confirmation of Capital Structure

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Piedmont Lithium Inc. (NASDAQ:PLL, ASX:PLL) (Piedmont or Company) provides the following information regarding the capital structure of Piedmont as requested by ASX. 

As at 17 May 2021 following implementation of the scheme of arrangement, the issued capital of Piedmont is as follows:

  • 15,749,533 Piedmont Shares on issue (equivalent to 1,574,953,300 Piedmont CDIs), which comprises:
    • 9,845,435 Piedmont Shares to be quoted on NASDAQ (equivalent to 984,543,500 Piedmont CDIs); and
    • 5,904,098 Piedmont Shares held by CHESS Depositary Nominees Pty Ltd, underpinning 590,409,800 Piedmont CDIs quoted on ASX.

This announcement has been authorized for release by the Company’s Company Secretary.

Implementation of Scheme

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Piedmont Lithium Inc. (NASDAQ:PLL, ASX:PLL) (Piedmont or Company) is pleased to advise that the scheme of arrangement (Scheme) to give effect to the re-domiciliation of Piedmont Lithium Limited (Piedmont Australia) from Australia to the United States of America has been implemented.

All Piedmont Australia shares have been transferred to Piedmont. The Scheme consideration, comprising Piedmont CDIs and Piedmont shares, has been issued to Piedmont Australia shareholders and Piedmont Australia ADS holders respectively, other than ineligible foreign shareholders and small parcel holders who did not make an election (Non-Electing Small Parcel Holders).

Ineligible foreign shareholders and Non-Electing Small Parcel Holders will have the Scheme consideration that they would have otherwise been entitled to receive issued to a sale agent who will then sell those Piedmont CDIs and remit the proceeds to those shareholders.

Further Information

If you require further information or have questions, please contact the please contact the Piedmont Scheme Information Line on 1300 218 182 (within Australia) or +61 3 9415 4233 (outside Australia) Monday to Friday between 8:30am and 5:00pm (AEDT).

This announcement has been authorized for release by the Company’s Chief Executive Officer.

Piedmont Lithium Announces Results Of Scheme Meeting

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NEW YORK – Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) is pleased to provide the following update on the status of its proposed re-domiciliation from Australia to the United States.

Piedmont shareholders have today approved, by the requisite majorities, the proposed scheme of arrangement pursuant to which it is proposed that Piedmont Lithium Inc. (Piedmont US) will acquire 100% of the shares in Piedmont (Scheme).

In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001 (Cth), a detailed report of proxies received and the votes cast in respect to the resolution approving the Scheme is included as Appendix 1 to this announcement.

Although Piedmont shareholder approval has been obtained, the Scheme remains subject to a number of conditions as set out in the Scheme Implementation Deed (a full copy of which is disclosed within the scheme booklet, which is available on the ASX website at www.asx.com.au and on Piedmont’s website at www.piedmontlithium.com), including:

  • Foreign Investment Review Board approval;
  • the Supreme Court of Western Australia approving the Scheme (Second Court Hearing);
  • the independent expert continuing to conclude that the Scheme is in the best interests of shareholders; and
  • the satisfaction or waiver of any remaining conditions prior to the Second Court Hearing.

Subject to these remaining conditions being satisfied or waived, implementation of the Scheme is expected to occur on May 17, 2021.

Further information

If you require further information or have questions, please contact the please contact the Piedmont Scheme Information Line on 1300 218 182 (within Australia) or +61 3 9415 4233 (outside Australia) Monday to Friday between 8:30am and 5:00pm (AEDT).

This announcement has been authorized for release by the Company’s Company Secretary, Mr Gregory Swan.

Click here to view the full ASX Announcement.

Keith Phillips

President & CEO

T: +1 973 809 0505

E: kphillips@piedmontlithium.com

Brian Risinger

VP – Investor Relations and Corporate Communications

T: +1 704 910 9688

E: brisinger@piedmontlithium.com


Piedmont Increases Lithium Resources By 40%

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  • Piedmont Lithium Project’s Global Mineral Resources increased to 39.2 Mt @ 1.09% Li2O
  • 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

NEW YORK – 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% Li2O (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)

Resource Category

Tonnes


(Mt)

Grade


(Li2O%)

Li2O


(t)

LCE


(t)

Indicated

21.6

1.12

241,000

597,000

Inferred

17.6

1.03

181,000

449,000

Total

39.2

1.09

422,000

1,046,000

Keith D. Phillips, President and Chief Executive Officer, commented: “Increasing the scale of our North Carolina mineral resource to 39.2 Mt at 1.09% Li2O establishes our asset as one of the largest spodumene resources in North America – and the only one in the United States. The expanded resource offers the potential for increased annual lithium production, something we will evaluate as we prepare our updated Scoping Study for release next month. All this is coming together at an ideal time, as the public and private sectors dramatically increase their investment in the electrification of America. Given the scope and strategic location of our Piedmont Lithium Project, we believe we are ideally positioned to play a critical role in helping the United States build a clean energy economy and a U.S. based EV supply chain.”

To view the complete ASX Release, click here.

Keith D. Phillips

President & CEO

T: +1 973 809 0505

E: kphillips@piedmontlithium.com

Brian Risinger

Vice President – Corporate Communications

T: +1 704 910 9688

E: brisinger@piedmontlithium.com


Piedmont Names Lithium Industry Veteran as Chief Operating Officer

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  • Mr. David Klanecky to join Piedmont Lithium as Executive Vice President and Chief Operating Officer
  • Mr. Klanecky most recently served as Albemarle Corporation’s Vice President – Lithium Operations – APAC/EU, with responsibility for hard rock lithium mining and chemical processing activities

NEW YORK – Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) is pleased to announce that it has appointed Mr. David Klanecky as Executive Vice President and Chief Operating Officer. Mr. Klanecky brings deep lithium industry engineering, construction, and operations experience to the Piedmont team. As COO, David will lead the implementation of the Company’s integrated US-based lithium chemicals business, and development of the Company’s operational capabilities.

Mr. Klanecky has spent most of his career in senior operational, research & development, commercial, and strategic leadership roles. From 2013 to 2021, he served in increasingly senior management roles within Albemarle Corporation, the world’s leading lithium producer, including as VP Strategy and Corporate Development and most recently serving as Vice President – Lithium Operations – APAC/EU, with global responsibility for Albemarle’s manufacturing/operations, process technology and product management within the global lithium business. David also served as interim CEO of the MARBL joint venture between Albemarle and Mineral Resources Ltd, which includes the Kemerton and Wodgina assets in Australia.

Before joining Albemarle, David had an impressive twenty-year career with The Dow Chemical Company that spanned the globe including expat assignments in Spain, Switzerland, and China across a number of innovative industries. In his last role with Dow, David launched the Dow Energy Materials Business, focused on Lithium-Ion Battery Materials offerings to cell manufacturers and Auto OEMs, where he served as the Global Business Director for this business unit prior to joining Albemarle in 2013.

David has a Chemical Engineering degree from the University of Nebraska and an Executive MBA from Arizona State/Thunderbird School of Global Management. He will join Piedmont in April 2021 and will be based in the Company’s Belmont, North Carolina headquarters.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are very pleased to welcome David to our senior management team. David’s experience in and enthusiasm for this industry are unmatched. Having had responsibility for the world’s leading hard rock-based lithium hydroxide business, including spodumene investments in Western Australia, lithium hydroxide plants in China, and the lithium hydroxide project currently under construction in Kemerton, Western Australia, David is uniquely qualified to lead Piedmont’s operating team as we move into the execution stage of building America’s #1 integrated lithium hydroxide business.”

This announcement has been authorized for release by the Company’s President & CEO, Keith D. Phillips.

Keith D. Phillips

President & CEO

T: +1 973 809 0505

E: kphillips@piedmontlithium.com

Brian Risinger

Vice President – Corporate Communications

T: +1 704 910 9688

E: brisinger@piedmontlithium.com