Wednesday, March 17, 2021 11:22:20 AM
Anastasios (Taso) Arima. Mr. Arima is a resource company executive with a strong history of identifying company-making resource projects. He was the founder of the Company's subsidiary Piedmont Lithium, Inc.
https://www.proactiveinvestors.com.au/companies/news/931832/piedmont-lithium-halted-as-it-plans-us-public-offering-931832.html
Piedmont Lithium Ltd (ASX:PLL) is in a trading halt as it proposes to raise funds by way of a US public offering of the company’s American Depositary Shares (ADSs)
Shares on the move
PLL has a market cap of approximately $508.3 million and shares last traded at 42 cents.
Shares have risen from 8.7 cents on September 9 to a new high of more than 17 years at 66 cents on October 8 on the back of improving lithium market fundamentals and a spodumene supply agreement with Tesla Inc (NASDAQ:TSLA) in late September.
Tesla agreement
The agreement is for an initial five-year term and covers spodumene concentrate from the company’s Piedmont project in North Carolina.
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