Piedmont Lithium provides an update on the company's recent accomplishments and development plans (2 Aug 2021)
Carolina Lithium Project
- Scoping update published in June 2021 contemplating 30,000 tonnes per year lithium hydroxide production on a single integrated site in Gaston County, North Carolina
- Expected to employ ~500 people in well-paying jobs while making Gaston County a magnet for other businesses in the EV supply chain, and driving opportunities for a broad array of local small businesses
- Definitive feasibility study expected in the second half of 2021
- Permitting and approval process advancing
Strategic Initiatives
- Canada -- Sayona Quebec and North American Lithium ("NAL")
- Ghana -- IronRidge Resources ("IRR")
- Piedmont has offtake agreements in place for 50% of spodumene concentrate production from Sayona/NAL and IRR Ghana, underpinning potential future growth in lithium hydroxide production
PLL weekly 8/25/21 (live)
Corporate Matters
- Piedmont redomiciled to become a US corporation in May 2021
- Executive team bolstered with senior appointments including COO and CFO
- Lithium offtake discussions ongoing with leading participants in the EV supply chain
- Strategic partnering process underway and DOE ATVM loan application to be submitted in H2 2021
- Cash balance of approximately $143 million as of June 30, 2021
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