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Highlights
- Piedmont Lithium is a lithium exploration and development company whose flagship project is located in the Carolina Tin-Spodumene Belt (TSB) with projected output that has helped secure a binding 5-year agreement with Tesla.
- The Carolina Tin-Spodumene Belt (TSB) region in North Carolina is a leading source of battery-grade lithium hydroxide for electric vehicles. One of the 3 largest lithium-bearing pegmatite deposits in the world, it can support a low-cost spodumene to lithium hydroxide operation.
- Piedmont Lithium is capable of producing 160,000 tonnes spodumene concentrate annually, the preferred feedstock for lithium hydroxide required in high-nickel batteries. The agreement with Tesla is expected to generate 10-20% of projected revenues.
- The project is one of only four in the world converting spodumene into battery-grade lithium hydroxide, already attracting institutional investors such as Australian Superannuation Fund (AusSuper) and Fidelity.
- A pre-feasibility study (PFS) was released on the Piedmont Lithium Project in 2020. The PFS confirmed that a plant would be capable of converting spodumene concentrate into battery-grade lithium hydroxide, positioning the company as a leading low-cost producer.
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