Canaccord Genuity acted as lead book-running manager for the Offering, Deutsche Bank Securities, Evercore ISI and Stifel acted as joint book-running managers and National Bank Financial and Cormark Securities acted as co-managers. The net proceeds from the Offering are intended to be used to fund development of the Thacker Pass lithium project and for general corporate and working capital purposes, as further described in the Prospectus Supplement. Piedmont Lithium Limited (NASDAQ: PLL) recently announced that it has entered into agreements ("Agreements") to establish a strategic partnership with Sayona Mining Limited ("Sayona") through the purchase of equity stakes in Sayona and its 100% owned Quebec subsidiary, Sayona Quebec Inc ("Sayona Quebec"), as well as a binding supply agreement for at least 50% of Sayona Quebec's planned spodumene concentrate production.