Loop Capital Markets serves as co-manager on the $57.5 million initial public offering of Piedmont Lithium Limited

On October 23, 2020, Piedmont Lithium Limited, an emerging North Carolina lithium company, raised $57.5 million in an initial public offering by issuing 2.3 million ADSs at $25.00. Loop Capital Markets served as a co-manager on the initial public offering.

The company intends to use the net proceeds of the offering to continue development of the Piedmont Lithium Project, including a definitive feasible study, testwork, permitting, further exploration drilling and ongoing land consolidation, and for general corporate purposes.