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Piedmont Lithium Acquires 16.35% Stake in Killick Lithium, Issues $2M Shares to Benton and Sokoman

Piedmont Lithium Inc. (PLL) has announced the exercise of its Initial Earn-In Right, securing a 16.35% interest in Killick Lithium Inc. This strategic move involved issuing shares worth CAD$2.0M to Benton Resources Inc. (TSXV: BEX) and Sokoman Minerals Corp. (TSXV: SIC), with 26,099 shares allocated to each. Additionally, Piedmont commits to funding work expenditures of at least CAD$6.0M over the next 30 months. This investment will increase Piedmont’s total ownership in Killick to approximately 33% through direct and indirect holdings.

Piedmont’s Strategic Investment in Killick Lithium

Piedmont’s engagement with Killick Lithium represents a significant addition to its asset portfolio. The company’s proactive approach to expanding its lithium interests underscores the growing demand for this critical mineral in various industries.

About Benton Resources Inc.

Benton Resources Inc. operates with a diversified portfolio, including Lithium and Cesium, and maintains equity positions in advancing mining companies. The company also retains NSR royalties, offering potential long-term cash flow.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. focuses on gold projects in Newfoundland and Labrador, Canada. The company’s alliance with Benton Resources Inc. positions it as one of the largest landholders in Canada’s emerging gold districts.

The forward-looking statements in this release reflect the companies’ plans for their mineral projects and expectations for future expenditures. These statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes.

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