Piedmont Announces Proposed Public Offering of Common Stock

NEW YORK, March 21, 2022–(Business enterprise WIRE)–Piedmont Lithium Inc. (“Piedmont” or the “Organization”) (Nasdaq:PLL ASX:PLL) nowadays announced that it programs to carry out a community featuring, issue to industry and other problems, of 1.5 million shares (“shares”) of its widespread stock (“General public Giving”).

Piedmont intends to use the net proceeds from the offering to fund the Company’s share of the funds required to restart the functions at North American Lithium in Quebec, to fund exploration and definitive feasibility research at Eyowaa in Ghana, to advance the Company’s merchant lithium hydroxide plant in the southeastern United States, and to proceed progress of the Carolina Lithium Project, which includes ongoing permitting actions, engineering structure, and home acquisition. Moreover, the internet proceeds may possibly be utilised to fund possible strategic initiatives and for common corporate needs.

J.P. Morgan and Evercore ISI are performing as joint e book-runners and guide underwriters for the Community Providing. Piedmont intends to grant the underwriters a 30-working day solution to purchase up to 225,000 additional shares at the problem cost of the General public Featuring.

The General public Featuring is getting created pursuant to an powerful shelf registration assertion that has been submitted with the Securities and Trade Fee (the “SEC”). A preliminary prospectus health supplement relevant to the offering of the shares has been filed with the SEC and is offered on the SEC’s website at http://www.sec.gov and on the ASX site. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the General public Featuring may perhaps be attained from J.P. Morgan Securities LLC, c/o Broadridge Economical Solutions, 1155 Extensive Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by e-mail at [email protected] and Evercore Group L.L.C., Focus: Fairness Funds Markets, 55 East 52nd Avenue, 35th Ground, New York, NY 10055, by phone at (888) 474-0200 or by e-mail at [email protected]

This push launch is not an supply or sale of the securities in the United States or in any other jurisdiction exactly where this sort of provide or sale is prohibited, and such securities may well not be offered or marketed in the United States absent registration or an exemption from registration less than the Securities Act of 1933, as amended.

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Forward-Searching Statements

This push launch has ahead-on the lookout statements” as outlined by the Private Securities Litigation Reform Act of 1995 that involve dangers and uncertainties. In some cases, you can establish forward-hunting statements by phrases these as “anticipate,” “imagine,” “assume,” “estimate,” “may,” “may,” “will,” “could,” “can,” “shall,” “should,” “would,” “primary,” ” objective,” “intend,” “ponder,” “style and design,” “forecast,” “probable,” “system,” “concentrate on” and very similar expressions are usually meant to recognize ahead-hunting statements. Forward-seeking statements are subject matter to a range of recognized and unfamiliar threats, uncertainties and other components which could result in genuine activities or results to vary from individuals expressed or implied by the ahead-looking statements. These types of elements contain, amid many others, hazards relevant to: hazards associated to regardless of whether the Business will supply the shares or consummate the providing of the shares on the expected phrases, or at all the expected use of the web proceeds of the offering the reality that the Company’s administration will have wide discretion in the use of the proceeds from any sale of the shares the chance that anticipated plans, growth, generation, revenues or costs are not attained the Company’s operations currently being even further disrupted and the Company’s financial results being adversely influenced by community health and fitness threats, like the novel coronavirus pandemic the Company’s confined functioning historical past in the lithium field Company’s position as a progress phase enterprise, including the Company’s capacity to detect lithium mineralization and realize business lithium mining mining, exploration and mine development, if warranted, on the Company’s qualities, such as timing and uncertainties linked to attaining and maintaining mining, exploration, environmental and other licenses, permits, accessibility legal rights or approvals in Gaston County, North Carolina, the Province of Quebec, Canada and Cape Coast, Ghana as perfectly as qualities that Piedmont may get or attain an equity curiosity in the potential finishing necessary permitting routines expected to start processing operations for the LHP-2 Job the Company’s potential to accomplish and retain profitability and to develop favourable money flows from the Company’s processing activities the Company’s estimates of mineral reserves and methods and no matter whether mineral sources will at any time be formulated into mineral reserves investment decision possibility and operational expenses connected with the Company’s exploration activities the Company’s skill to produce and accomplish output on the Company’s attributes the Company’s means to enter into and produce products and solutions below provide agreements the pace of adoption and price of creating electric powered transportation and storage systems dependent on lithium batteries the Company’s potential to access cash and the financial markets recruiting, schooling and establishing workforce attainable problems in title of the Company’s homes compliance with govt laws environmental liabilities and reclamation expenditures estimates of and volatility in lithium rates or desire for lithium the Company’s widespread stock rate and investing quantity volatility the improvement of an energetic trading market for the Company’s popular inventory the Company’s failure to efficiently execute our development technique, which includes any delays in the Company’s prepared long term development and other aspects set forth in the Company’s most latest Changeover Report on Kind 10-KT and subsequent stories, as filed with the U.S. Securities and Exchange Commission.

All ahead-hunting statements mirror Piedmont’s beliefs and assumptions dependent on information obtainable at the time the assumption was produced. These ahead-wanting statements are not based mostly on historic information but rather on management’s anticipations pertaining to long term pursuits, success of functions, performance, foreseeable future money and other expenditures, such as the volume, character and sources of funding thereof, aggressive positive aspects, enterprise prospective buyers and prospects. By its character, ahead-searching data consists of many assumptions, inherent pitfalls and uncertainties, each normal and specific, regarded and mysterious, that lead to the chance that the predictions, forecasts, projections or other forward-searching statements will not take place. Even though Piedmont has tried to detect important components that could cause real success to differ materially from individuals explained in ahead-seeking statements, there may possibly be other elements that lead to outcomes not to be as expected, believed or supposed. Should really one particular or a lot more of these challenges or uncertainties materialize, or really should underlying assumptions verify incorrect, true benefits may vary materially from all those anticipated, believed, estimated, or predicted. Piedmont cautions audience not to position undue reliance on any these kinds of ahead-searching statements, which talk only as of the date produced. Apart from as or else essential by the securities guidelines of the United States, Piedmont disclaims any obligation to subsequently revise any forward-looking statements to mirror situations or situations soon after the day of this sort of statements or to mirror the incidence of predicted or unanticipated events. Piedmont qualifies all the forward-looking statements contained in this launch by the foregoing cautionary statements.

About Piedmont Lithium

Piedmont Lithium is creating a earth-class, multi-asset, built-in lithium enterprise concentrated on enabling the changeover to a web zero world and the generation of a cleanse electrical power economic system in North The usa. The centerpiece of our operations, situated in the renowned Carolina Tin Spodumene Belt of North Carolina, when mixed with similarly strategic and in-need mineral sources, and creation assets in Quebec, and Ghana, positions us to be 1 of the biggest, most affordable price, most sustainable producers of battery-quality lithium hydroxide in the environment. We will also be strategically positioned to best provide the quickly-rising North American electric car provide chain. The special geology, geography and proximity of our means, production functions and consumer base, will allow for us to provide precious continuity of supply of a substantial-good quality, sustainably generated lithium hydroxide from spodumene concentrate, most popular by most EV makers. Our prepared diversified operations should really allow us to engage in a pivotal purpose in supporting America’s move towards decarbonization and the electrification of transportation and electrical power storage. As a member of companies like the Worldwide Liable Mining Association, and the Zero Emissions Transportation Association, we are dedicated to shielding and preserving our world for upcoming generations, and to creating financial and social contributions to the communities we provide.

Perspective supply version on businesswire.com: https://www.businesswire.com/information/property/20220321005783/en/

Contacts

Keith Phillips
President & CEO
T: +1 973 809 0505
E: [email protected]

Patrick Brindle
EVP – Chief Functioning Officer
T: +1 412 818 0376
E: [email protected]