Piedmont Lithium pulls US government loan application, shares fall

Piedmont Lithium

05/09/2024 15:29

** Miner Piedmont Lithium's  PLL.O  shares fall 1.3% to
$7.75
    ** Company says it has withdrawn its application for a debt
package from U.S. Department of Energy's Loan Programs Office,
in part due to costs associated with process
    ** Piedmont also scales back expansion plans across 2
continents
    ** Including session's move, Piedmont's stock down 72.6%
YTD; Peers Albemarle  ALB.N  and Lithium Americas  LAC.TO  down
41.8% and ~63%, respectively, in the same period

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com))