Piedmont Lithium Ltd (ASX:PLL) substantial holder The Bank of New York Mellon Corp (NYSE:BK) has acquired 8,382,900 shares in the company between 28 January and 17 March 2020.
The move brings the bank's total holding to 69,883,500 and increases the banks voting power from 7.46% up to 8.48%.
The Bank of New York Mellon Corp is the ultimate parent company of a corporate group comprised of a large number of operating and holding companies.
Progressing the Piedmont Lithium Project
The company’s activities for its Piedmont Lithium Project in North Carolina, US, are progressing well despite the current coronavirus pandemic.
Lithium hydroxide test work, the chemical plant pre-feasibility study and chemical plant permitting activities are ongoing with the aim of progressing towards a definitive feasibility study.