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. (symbol: PLL) is a U.S.-based company dedicated to creating a multi-asset, integrated lithium business. The company focuses on supplying lithium hydroxide, an essential material for the electric vehicle (EV) and battery manufacturing supply chains, supporting the development of a clean energy economy in North America.
Piedmont Lithium operates several key projects, including Carolina Lithium in Gaston County, North Carolina. This ambitious project aims to be a fully integrated spodumene ore-to-lithium hydroxide facility. Additionally, the company is developing the Tennessee Lithium project, a proposed merchant lithium hydroxide manufacturing plant located in McMinn County, Tennessee. Both projects are central to Piedmont Lithium's strategy to enhance U.S. energy security and contribute to global lithium supply.
As a development-stage company, Piedmont Lithium is committed to advancing its portfolio of wholly-owned projects. Their efforts are rooted in the mission to support the burgeoning demand for lithium in EVs and energy storage, pivotal in the transition to renewable energy sources.
The company has recently made significant strides in its projects, securing vital partnerships and investments. These collaborations are designed to accelerate the growth and operational capabilities of Piedmont Lithium, aligning with the rising market demand for sustainable energy solutions.
Financially, Piedmont Lithium is strategically positioned to capitalize on the growing lithium market. Through prudent management and focused development, the company aims to achieve substantial growth and deliver value to its stakeholders.
Piedmont Lithium has initiated a prefeasibility study for lithium carbonate production at North American Lithium (NAL) in Quebec, a joint venture with Sayona Mining. The study aims to evaluate options for completing and restarting the lithium carbonate plant, which is partially built. Spodumene concentrate production at NAL is on track for H1 2023, with possible commercial shipments beginning in Q3 2023. This development could generate early revenue as the company collaborates with Sayona on the project.
Piedmont Lithium (NASDAQ: PLL) announced the completion of a prefeasibility study (PFS) for Atlantic Lithium's Ewoyaa Project in Ghana. The PFS targets production of approximately 255,000 tons per year of 6% lithium spodumene concentrate over a 12.5-year mine life, supported by ore reserves of 18.9 million tons at 1.24% Li2O. Estimated capital expenditures increased to US$125 million, while operating costs are expected to decrease. Piedmont has a 50% interest in the project and plans to import spodumene concentrate for its Tennessee Lithium project, aiming for first production in Q3 2024.
Piedmont Lithium (Nasdaq: PLL) has announced new senior leadership appointments to enhance its growth strategy for lithium hydroxide production. Nick Fouche, formerly with Rio Tinto, will serve as Senior Vice President of Capital Projects, while Erin Sanders, an award-winning communications strategist, joins as Vice President of Corporate Communications. President and CEO Keith Phillips emphasized that these hires will drive the execution of their spodumene resource development plans and elevate the company's brand perception among stakeholders.
Piedmont Lithium has announced plans for the 'Tennessee Lithium' project, set to become the largest lithium hydroxide plant in the U.S., located in Etowah, Tennessee. The project will have a production capacity of 30,000 metric tons per year, sourcing lithium concentrate from Piedmont’s international investments. The Definitive Feasibility Study is expected by the end of 2022, with first production targeted for 2025. This initiative aims to enhance the U.S. supply of lithium hydroxide, crucial for electric vehicle batteries, and is projected to create approximately 120 manufacturing jobs.
Pall Corporation has partnered with EverGrain to provide filtration solutions for a new large-scale plant-based protein facility in St. Louis, Missouri. This facility focuses on upcycling brewer's saved grains into high-quality protein ingredients using Pall's Membralox Microfiltration System. With global protein consumption expected to double by 2050, the facility aims to meet growing consumer demand for sustainable protein sources. EverGrain's innovative process transforms barley into nutritious plant-based ingredients previously used for animal feed.
Piedmont Lithium (Nasdaq:PLL) has been added to the U.S. Russell 2000® and Russell Microcap Indexes as part of the 2022 Russell indexes reconstitution. This inclusion is based on its membership in the Russell 3000® Index, which ranks the largest U.S. stocks by market capitalization. CEO Keith Phillips expressed optimism about the company being part of significant stock indices, enhancing its visibility among institutional investors. Approximately $12 trillion in assets are benchmarked against these indices, emphasizing their importance in the investment landscape.
Piedmont Lithium (Nasdaq: PLL) announced the restart of spodumene concentrate production at its North American Lithium project in Quebec, backed by an $80 million operational upgrade. The production is expected to begin in the first half of 2023. A significant offtake agreement will allow Piedmont to purchase up to 113,000 metric tons annually at a price between $500 and $900 per ton. The project is funded through contributions from both Piedmont and Sayona Mining, aiming to position the company as a key North American lithium producer.
Piedmont Lithium Inc. (NASDAQ: PLL) announced that its partner, Sayona Mining, published a prefeasibility study for the North American Lithium Project in Quebec. The study estimates an average annual production of approximately 168,000 tonnes of spodumene concentrate over a 27-year mine life, with a capital cost of around US$80 million for the project restart. Piedmont holds a 25% stake in this project and aims to explore marketing options for its share of production. The restart of operations is anticipated in the first half of 2023, following full capital authorization.
Piedmont Lithium Inc. (NASDAQ: PLL) announced that partner Sayona Mining Limited discovered a new lithium pegmatite zone at the Moblan Lithium Project in Québec. Initial drill results show significant lithium mineralization, including 5m @ 1.85% Li2O and 35m @ 1.62% Li2O in hole DDH135 and 6.6m @ 1.69% Li2O in DDH136. Piedmont holds a 16.5% stake in Sayona and views these results as promising for future lithium hydroxide production in Québec, given the region's resources and supportive government.
Piedmont Lithium Inc. (NASDAQ: PLL) announced a significant update regarding its partner Atlantic Lithium's Ewoyaa Project in Ghana, now estimated at 30.1 million metric tonnes at 1.26% Li2O. Piedmont holds a 50% earn-in right and a 10% equity interest in Atlantic Lithium. The indicated resource has increased to 20.5 million tonnes at 1.29% Li2O. This development is pivotal for Piedmont's strategy, especially towards the LHP-2 Project, as it positions the company to supply battery-grade lithium hydroxide effectively.
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