20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Piedmont Lithium Inc. (NASDAQ:PLL) announced a strategic investment in a promising lithium project located in Newfoundland, Canada.
Piedmont has agreed to pay C$2 million for a 19.9% equity interest in Vinland Lithium Inc., a new entity established with Sokoman Minerals Corp. (40.1%) and Benton Resources Inc. (40.1%), marking a significant step in expanding its lithium resource base. Piedmont financed Vinland at C$1/share.
The investment deal also opens the door for Piedmont to potentially earn up to a 62.5% equity interest in Vinland's Killick Lithium Project, a venture that boasts approximately 60 kilometers of highly prospective strike length.
Upon Piedmont completing all earn-in options, Piedmont will have paid Benton and Sokoman up to a total of C$10 million in Piedmont shares.
This strategic move aligns with Piedmont's broader objective of investing in large-scale projects situated in favorable locations and managed by adept exploration teams.
The Killick Lithium property shares geological similarities with the Carolina Tin-Spodumene Belt, home to Piedmont's Carolina Lithium project. Initial prospecting by Benton Resources and Sokoman Minerals has unveiled the first occurrence of spodumene-bearing pegmatite in Newfoundland, indicating the property's significant potential.
Price Action: PLL shares are trading higher by 0.64% at $36.00 on the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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