BUZZ-Piedmont Lithium pulls US government loan application, shares fall
Reuters · 09/05 14:29
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** 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** Company says it has withdrawn its application for a debt package from U.S. Department of Energy's Loan Programs Office, in part due to costs associated with process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)
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