Piedmont Lithium

Piedmont Lithium Inc. is a U.S.-based lithium company focused on becoming an integrated producer of battery-grade lithium hydroxide to support electric vehicle and battery supply chains in North America and Europe. The company is advancing a portfolio of lithium projects, including assets in North Carolina, Tennessee, Ghana, and Quebec.

Piedmont’s flagship project is the 100% owned Carolina Lithium spodumene mine located in North Carolina. A 2022 definitive feasibility study outlined the production of 30,000 tonnes per year of lithium hydroxide supported by by-product quartz, feldspar, and mica at the Carolina Lithium operation. In addition, Piedmont also owns the Tennessee Lithium project which designed to produce 30,000 tonnes per year of lithium hydroxide.

Piedmont has secured a 12% ownership stake and offtake agreement with Sayona Quebec, which operates the North American Lithium spodumene mine in Quebec. Piedmont also owns equity stakes in Atlantic Lithium and Sayona Mining, which operates the Ewoyaa lithium project in Ghana and which Piedmont has partial offtake rights over.

Piedmont ended the third quarter of 2023 with $95 million in cash and cash equivalents. The company currently produces spodumene concentrate from its Quebec off-take agreement and is pursuing permits, financing, and strategic partnerships to advance the construction of its Carolina Lithium and Tennessee Lithium operations over the coming years.