Welcome to our dedicated page for Piedmont Lithium news (Ticker: PLL), a resource for investors and traders seeking the latest updates and insights on Piedmont Lithium stock.
Piedmont Lithium Inc. reports developments around its lithium products business, capital structure, governance matters, and operating results. Company updates have centered on North American lithium supply-chain exposure, material agreements, shareholder voting matters, securities ownership disclosures, and financial results.
The company's recent news also reflects its completed merger with Sayona Mining Limited, after which Piedmont continued as a wholly owned subsidiary of Sayona. Related updates address security conversion, exchange-listing status, and corporate-status changes following the transaction.
Piedmont Lithium (NASDAQ: PLL) has appointed Monique Parker as the new Vice President of Health, Safety, and Environment. Ms. Parker has over a decade of experience in environmental, health, and safety roles at major companies such as Albemarle Corporation and Owens Corning. Her diverse background, including roles in strategy and product development, is expected to enhance Piedmont's integrated operations. The company aims to become a leading, sustainable producer of battery-grade lithium hydroxide to support North America's transition to clean energy.
Piedmont Lithium Inc. has announced a significant increase in the total Mineral Resources for its Carolina Lithium Project to 44.2 million tonnes at 1.08% Li2O, compliant with U.S. S-K 1300 standards. The Indicated Mineral Resources rose by 101% to 28.2 million tonnes at 1.11% Li2O. The company is set to complete its Definitive Feasibility Study (DFS) for the project, which aims to enhance America’s lithium supply chain for electric vehicles, by Q4 2021.
Piedmont Lithium has appointed Krishna McVey as the new Vice President of Human Resources. Reporting to CEO Keith Phillips, McVey brings extensive experience in labor and employment law, along with a strong background in human capital management. Her previous roles include Vice President of Human Resources at TC Transcontinental Packaging and a 15-year career with Michelin. The company is focused on developing a sustainable lithium hydroxide production operation in North America, aligning with the growing electric vehicle supply chain.
Piedmont Lithium (NASDAQ: PLL) announces a positive alignment with newly approved mining ordinances by the Gaston County Board of Commissioners in North Carolina. The ordinances, part of a broader update of the Unified Development Ordinance, support the operational plans for Piedmont's Carolina Lithium Project. CEO Keith Phillips expressed confidence that the company's existing safety and environmental standards will exceed new regulations. Piedmont continues to engage with local authorities regarding its State Mining Permit application submitted on August 31, 2021.
Piedmont Lithium announces its participation in three investor conferences in September 2021, including the H.C. Wainwright Global Investment Conference, Evercore ISI Autotech & AI Forum, and D.A. Davidson Diversified Industrials & Services Conference. CEO Keith Phillips highlights their strategic initiatives, including updates on the North Carolina Lithium Project, acquisition of North American Lithium in Quebec, and investment in Iron Ridge Resources in Ghana. These efforts aim to strengthen their position in the North American electric vehicle supply chain.
Piedmont Lithium Inc. (Nasdaq: PLL) has submitted two key applications for its Carolina Lithium Project, aimed at enhancing North America's electric vehicle supply chain. The first, filed on August 30, 2021, is for a North Carolina State Mining Permit. The second, submitted on August 31, 2021, is a draft loan application to the U.S. Department of Energy’s ATVM Loan Program, which has $17.7 billion available for qualifying companies. CEO Keith Phillips emphasized the importance of these applications for advancing the project while ensuring safety and environmental protections.
Piedmont Lithium has completed a 9.9% investment in IronRidge Resources as part of a staged agreement to acquire a 50% stake in its Ghana lithium portfolio. This investment supports the development of the Ewoyaa Project, which boasts a Mineral Resource estimate of 14.5Mt at 1.31% Li2O. Piedmont has secured rights to 50% of spodumene concentrate production, aiding its future lithium hydroxide production plans in North America.
Piedmont Lithium and Sayona Mining have completed the acquisition of North American Lithium, creating a potential lithium production hub in Québec's Abitibi region. This consolidation combines Authier and NAL to enhance lithium resource availability. Technical studies for restarting NAL’s spodumene operations and evaluating lithium hydroxide manufacturing in Québec are underway. Piedmont aims to position itself as North America's leading lithium hydroxide producer, further complementing its operations in North Carolina.
Piedmont Lithium Inc. (Nasdaq: PLL) provides an update on the rezoning process for its Carolina Lithium Project. On August 6, 2021, Gaston County commissioners approved a 60-day development moratorium for mining approvals to review regulations. CEO Keith Phillips expresses gratitude for the county's leadership, stating that the resolution aims to support economic growth and not halt mining. Piedmont is on track to publish its Definitive Feasibility Study in the second half of 2021 and is working on necessary state and county permits for the project.
Piedmont Lithium Inc. (Nasdaq: PLL) updates on projects and strategic initiatives. The Carolina Lithium Project aims for 30,000 tpy lithium hydroxide production with an estimated NPV of ~$1.9 billion and EBITDA of ~$400 million. It will create ~500 jobs. The company owns a 39.6% interest in Sayona Quebec and is acquiring a 9.5% stake in IronRidge Resources, strengthening its lithium production footprint. Cash reserves stand at approximately $143 million as of June 2021. The CEO emphasizes the commitment to community and future growth in the lithium market.