Piedmont Lithium Expands Resource Base With Strategic Investment In Newfoundland Project
Portfolio Pulse from Akanksha Bakshi
Piedmont Lithium Inc. (NASDAQ:PLL) has announced a strategic investment in a lithium project in Newfoundland, Canada. The company will pay C$2 million for a 19.9% equity interest in Vinland Lithium Inc., a new entity established with Sokoman Minerals Corp. and Benton Resources Inc. This move aligns with Piedmont's objective of investing in large-scale projects in favorable locations.
October 11, 2023 | 2:09 pm
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Piedmont Lithium Inc. has made a strategic investment in Vinland Lithium Inc., potentially expanding its lithium resource base.
The investment in Vinland Lithium Inc. aligns with Piedmont's strategy of investing in large-scale projects in favorable locations. This could potentially expand Piedmont's lithium resource base, which could positively impact the company's future growth and profitability.
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