Piedmont Lithium, based in the US, has achieved a significant milestone with the approval of a mining permit for its Carolina project by the North Carolina Department of Environmental Quality.
The Carolina project aims to produce 30,000 tonnes per year of lithium hydroxide, positioning itself as a vital contributor to the American electric vehicle supply chain.
Keith Phillips, President and CEO of Piedmont, emphasized the project’s commitment to being one of the world’s lowest-cost and most sustainable lithium hydroxide operations.
The project’s uniqueness lies in its fully integrated approach, encompassing mining, spodumene concentrate, and lithium hydroxide production.
Phillips underscored the strategic importance of this integration, highlighting the economic and environmental advantages it offers, which are unparalleled globally.
Technical studies support the project’s potential as a low-cost producer, benefiting from favorable infrastructure, minimal transportation distances, and proximity to key customers.
Moreover, the competitive corporate tax regime in the US and other favorable regulations enhance the project’s appeal.
The approval of the mining permit marks the beginning of the county rezoning process, paving the way for construction activities.
Piedmont is actively engaging with potential funding sources, including the US Department of Energy’s Loan Programs Office and strategic partners, to secure financing for the project.
With extensive dialogue underway and a commitment to maximizing shareholder value, Piedmont is poised to advance the Carolina project and contribute significantly to the lithium supply chain.
