Piedmont Lithium

Piedmont Lithium Outlines 2022 Development Plans

Carolina Lithium Advancing Toward Final Investment Decision International Investments Support Plans For Additional U.S. Hydroxide Production

BELMONT, N.C., February 3, 2022 – Piedmont Lithium Inc. (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a leading, diversified developer of lithium resources required to enable the U.S. electric vehicle supply chain, today provided an update on near-term growth initiatives with its projects in North Carolina, Quebec, and Ghana.


Highlights

  • Piedmont expects to double U.S. lithium hydroxide production to 60,000 tpy
    • 30,000 tpy at the fully integrated Carolina Lithium Project
    • 30,000 tpy at a second planned U.S. plant, with site selection expected in Q2 2022
    • Piedmont plans to produce or has offtake rights to an estimated 500,000 tpy of SC6 production
  • Flagship Carolina Lithium Project is advancing toward a Final Investment Decision
    • Bankable Feasibility Study (BFS) published in December 2021
    • Economic Impact Study (EIS) published in January 2022
    • Key workstreams for 2022
      • Detailed engineering / Front End Engineering Design
      • EPC contractor selection
      • Final permitting and approvals
      • Strategic partnering and potential project debt financing
  • Investments in strategic resources in Quebec and Ghana position Piedmont for future growth
    • Partnering with Sayona Mining (ASX: SYA) to develop one of Quebec’s leading lithium businesses
      • Planned H1 2023 restart of North American Lithium’s spodumene concentrate plant
      • Piedmont holds offtake rights to 50% of NAL production life-of-mine
    • Partnering with Atlantic Lithium (AIM: ALL) to develop a world-class spodumene resource in Africa
      • Expected increases to mineral resource estimates in 2022 based on recent drill results
      • Feasibility Study (FS) expected late-2022; investment decision to follow

Click here for the full ASX Release

This article includes content from Piedmont Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Truck with drill rig at sunset in a dry, grassy landscape.

Rock Bottom: Strategic Window for Ground-level Lithium Investment in 2025

When lithium prices hit bottom, savvy investors know that’s exactly where the next big discovery begins — literally. Beneath the surface of global markets and remote exploration grounds, new opportunities are forming in the wake of a sharp price reset and renewed geopolitical urgency.

Macroeconomic and policy shifts in 2025 are creating ideal conditions for those willing to look past the headlines. While volatility in lithium prices has tempered short-term sentiment, the underlying demand trajectory remains strong. With governments reshaping supply chains to reduce reliance on China and accelerate the energy transition, lithium is emerging not only as a critical resource, but as a strategic investment theme with long-term upside.

For investors, this reset isn’t a retreat; it’s a rare chance to get in early, at ground level.

Keep reading...Show less
Astute Metals NL

Beneficiation Delivers 4,480ppm Lithium Clay Concentrate at Red Mountain Project, USA

Latest results reinforce ability to upgrade Red Mountain mineralisation

Astute Metals NL (ASX: ASE) (“ASE”, “Astute” or “the Company”) is pleased to report further positive results from the latest phase of beneficiation testwork for its 100%-owned Red Mountain Lithium Project in Nevada, USA. The results continue to strengthen the Project’s commercial development potential.

Keep reading...Show less
Pursuit Minerals

Pursuit Dispatchs 99.5% Lithium Carbonate Samples to Potential Strategic Partners as Feasibility Studies Progress

Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) is pleased to announce that high- purity lithium carbonate samples have been dispatched to multiple parties as part of its engagement with prospective offtake and strategic partners. The samples were produced from the Company’s 250tpa Pilot Plant in Salta, Argentina, using synthetic brine chemically identical to that of the Rio Grande Sur Lithium Project.

Keep reading...Show less
Ioneer Ltd

Ore Reserve Quadruples for Rhyolite Ridge Project; Reaffirms Robust Project Economics

Ioneer Ltd (ASX: INR, Nasdaq: IONR) (Ioneer) is pleased to announce a 308% upgrade to the Ore Reserve estimate for its 100%-owned Rhyolite Ridge Lithium-Boron Project (‘Rhyolite Ridge’ or the ‘Project’) in Nevada, USA, alongside updated Project economics.

Keep reading...Show less

Latest Press Releases

Related News

×