Piedmont Lithium (PLL) Responds to Short Report
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March 9, 2023 9:24 AM EST
Piedmont Lithium Inc. (Piedmont or the Company) (Nasdaq:PLL; ASX: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (EV) supply chain, today announced that its jointly-owned North American Lithium (NAL) project has successfully produced initial spodumene concentrate (SC6) as plans advance to fully restart the Quebec operation. Approximately 70 metric tons of spodumene concentrate were produced as part of commissioning with first shipment of saleable product targeted for Q3 2023.
Patrick Brindle,... More
March 8, 2023 11:34 AM EST
Activist investment firm Blue Orca Capital revealed it is short Piedmont Lithium (NASDAQ: PLL) in a note on Wednesday.
Piedmont is an Australian mining company that, in 2021, invested $100 million in Atlantic Lithium to secure spodumene from Atlantic's mine in Ghana. In addition, Piedmont has a spodumene supply... More
March 8, 2023 10:53 AM EST
(Reuters) -Piedmont Lithium Inc's shares rebounded from early losses on Wednesday sparked by comments from short seller Blue Orca Capital, which alleged that mining licenses in Ghana obtained by a company it invested in were through what appeared to be "textbook corruption".
In 2021, Piedmont invested $100 million in Atlantic Lithium to secure spodumene - high-purity lithium ore - from Atlantic's mine in Ghana. Piedmont has a spodumene supply agreement with... More
March 8, 2023 9:08 AM EST
(Updated - March 8, 2023 9:19 AM EST)
(Updated - March 8, 2023 9:17 AM EST)
Piedmont Lithium (NASDAQ: PLL) Mentioned as Short at Blue Orca
"...we found evidence that mining licenses in Ghana were obtained through what appears to be textbook...
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