Lithium developer Piedmont Lithium will raise A$29-million to continue the development of its namesake lithium project, in North Carolina.
The company on Thursday said that it had received commitments for a US public offering of 1.8-million of its American Depositary Shares (ADS), each representing 100 of its ordinary shares, at an issue price if $6.30 per ADS, to raise a gross $11.3-million.