Piedmont Lithium Response to ASX Letter
Piedmont Lithium is a U.S. mining company focused on advancing a multi-asset, integrated lithium business to support a clean energy economy and enhance U.S. and global energy security. The company aims to supply lithium hydroxide to the electric vehicle (EV) and battery manufacturing supply chains in North America by processing spodumene concentrate from its own assets or assets in which it has an economic interest.
PLL's primary projects include:
- Carolina Lithium: A proposed fully integrated spodumene ore-to-lithium hydroxide project located in Gaston County, North Carolina. This project aims to become one of the lowest-cost and most sustainable lithium hydroxide operations globally, contributing significantly to the American EV supply chain.
- Tennessee Lithium: A proposed merchant lithium hydroxide manufacturing plant located in McMinn County, Tennessee.
Recent Developments
On April 15, 2024, PLL announced that the North Carolina Department of Environmental Quality’s Division of Energy, Mineral, and Land Resources had approved PLL's mining permit for the construction, operation, and reclamation of the Carolina Lithium Project. This approval is a critical milestone, allowing PLL to proceed with developing the Carolina Lithium project.
Future Plans
With the permit approval, PLL plans to develop the Carolina Lithium project into a key player in the American EV supply chain. The project is expected to be one of the most cost-effective and sustainable lithium hydroxide operations in the world, aligning with PLL's commitment to support the clean energy economy.
