Piedmont Lithium Submits Two Applications for Its Carolina Lithium Project, North Carolina
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Piedmont Lithium has submitted two applications related to the company’s Carolina Lithium Project.
On August 30, 2021, the company filed its application for a North Carolina State Mining Permit with the N.C. Department of Environmental Quality’s Division of Energy, Mineral and Land Resources.
Additionally, on August 31, 2021, the company submitted a draft loan application to the U.S. Department of Energy’s Loans Program Office for loan funding via the Advanced Technologies Vehicle Manufacturing (ATVM) Loan Program. The ATVM has $17.7 billion in direct loan authority to provide funding to U.S. companies engaged in the manufacturing of fuel efficient, advanced technology vehicles and qualifying components supporting the automotive supply chain.
The timeline for the review and response with respect to each application is subject to the established processes and procedures of the respective responsible agency.
“Submitting our mine permit application with the State of North Carolina is an important and necessary step in advancing our Carolina Lithium Project in Gaston County, North Carolina,” said President and CEO of Piedmont Lithium, Keith Phillips.
“We have been extremely rigorous in planning our operations, with an intense focus on safety, sustainability, and environmental protections within the communities where we plan to operate. We welcome the review by the State and look forward to their response. And as we consider a variety of funding sources for our Carolina Lithium Project, we’re excited about the possibility of participating in the ATVM Loan Program. This program was specifically designed to assist companies like ours that are working to help build a domestic source of components and materials to support the electric vehicle supply chain in the U.S.,” added Phillips.
About Piedmont Lithium
Piedmont Lithium is an emerging lithium company focused on the development of its 100 percent-owned Piedmont Lithium Project in North Carolina, with the goal of becoming a strategic domestic supplier of lithium to the increasing electric vehicle and battery storage markets in the U.S.
The Piedmont Lithium Project is located in one of the premier regions in the world for lithium exploration, given its favorable geology and ideal location with easy access to infrastructure, power, R&D centers for lithium and battery storage and major high-tech population centers.
From the 1950s to 1990s, two major lithium mines operated in this region as well as two significant lithium processing facilities which continue to supply lithium products to U.S. customers today and are located within 20km of the Piedmont Lithium Project.
With continued land expansion, sampling and drilling programs scheduled during 2018, our aim is to fast track the Piedmont Lithium Project towards production as a fully-integrated domestic source of lithium and capitalize on the widely anticipated shortfall of lithium in global markets over the next decade.
To stop by Piedmont Lithium’s website, CLICK HERE
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