Lithium producer Piedmont Lithium Inc. (ASX:PLL, Nasdaq:PLL) has successfully raised US$130.8 million from investors to fund the expansion of its operations with assistance from Thomson Geer.
The underwritten capital raising was conducted in the US, with Thomson Geer acting as the Australian legal counsel on the raising.
The Thomson Geer team was led by Partner Michael Ng, who 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.”
Piedmont intends to use the net proceeds of the capital raising 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.
The Thomson Geer team also included Senior Associate Chris Seotis.
Last year Thomson Geer advised Piedmont Lithium on its successful redomicile from Australia to the United States by way of scheme of arrangement.