Piedmont Lithium completes US$130.8m cap raise

Listed lithium producer Piedmont Lithium (ASX: PLL, Nasdaq: PLL) has successfully raised US$130.8 million from investors to fund the expansion of its operations.

Jerome Doraisamy • 22 April 2022 • Big Law

Firm: Thomson Geer (Piedmont Lithium)

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Deal: Piedmont Lithium has completed an eight-figure capital raise, the proceeds from which it will use to fund its share of capital required to restart operations at North American Lithium in Quebec, to fund exploration and definitive feasibility studies at Eyowaa in Ghana, to advance its merchant lithium hydroxide plant in the United States, and to continue development at the Carolina Lithium Project.

Area: Capital markets

Value: US$130.8 million

Key players: The Thomson Geer team was led by partner Michael Ng, who was supported by senior associate Chris Seotis.

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Deal significance: Speaking about the matter, Mr Ng said: “We’re proud to have worked with Piedmont to achieve this raising, to assist the company with its ongoing development activities for its projects.”

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Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: jerome.doraisamy@momentummedia.com.au

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Piedmont Lithium completes US$130.8m cap raise

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