Published: May 28, 2021 |

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Piedmont Lithium had an ‘eventful’ March quarter, according to president and CEO Keith Phillips who said the company was positioning itself to be the United States’ first greenfield lithium project in more than 50 years and moving closer becoming a US company.

After shareholders approved the company’s proposed re-domicile from Australia to the United States on April 29 through a scheme of arrangement, Piedmont has committed to making the move from the Australian Stock Exchange to the Nasdaq Capital Market.

The company will retain an ASX listing through chess depository interests.

“This was an eventful quarter, as we positioned Piedmont to be the United States’ first greenfield lithium project in over 50 years,” said Piedmont’s President and CEO Keith Phillips.

“Most importantly, we enhanced our management team substantially with the addition of David Klanecky as chief operating officer along with several other notable appointments,” added Phillips.

“Piedmont is at the nexus two important megatrends – the electrification and decarbonization of the economy and the regionalization of supply chains. We are advancing our business with the right assets, in the right location, with the right people, all at the right time,” said Phillips.

The Piedmont Lithium Project is in the renowned Carolina Tin Spodumene Belt of North Carolina, the cradle of the lithium industry, positioning the company to be one of the world’s lowest-cost producers of lithium hydroxide and the most strategically located to serve the fast-growing U.S. electric vehicle supply chain.

During the quarter, Piedmont started a definitive feasibility study (DFS) for the integrated North Carolina lithium hydroxide operations featuring Metso Outotec’s innovative alkaline pressure leach technology.

Using Metso Outotec’s technology, which omits the acid roasting step of conventional spodumene conversion is expected to reduce air emissions from the chemical operations compared with prior studies.

The DFS will also evaluate enhancements to the company’s North Carolina operations including installation of solar generating capacity, in-pit crushing systems, and elimination of haul trucks from PLL’s operations plan.

All the above are expected to improve both carbon emissions and project economics.

Piedmont purchased around 297 acres of surface property (and associated mineral rights) upon exercising existing option agreements during the quarter.

The company also entered into additional option agreements covering 345 acres with local landowners.

Piedmont also owns a 61-acre property in Kings Mountain, North Carolina which will be the site for the company’s proposed lithium chemical plant.

The site is 20 miles from Piedmont’s proposed mine and concentrator in Gaston County, North Carolina.

Source: Proactive Investors

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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