PERTH (miningweekly.com) – Lithium miner Piedmont Lithium on Wednesday announced the pricing of an upsized underwritten public offering of 1.75-million common stocks, revealing that it was aiming to raise $113.7-million, with the stocks priced at $65 each.
Piedmont earlier this week flagged the capital raise to help fund the restart of the North American Lithium (NAL) operation, in Quebec, and to fund its growth plans in the US.
Piedmont said on Wednesday that the company had granted the underwriters a 30-day option to purchase an additional 262 500 shares, also at $65 each.
The public offering is expected to close on March 24.