Piedmont Lithium Inc. - PLL STOCK NEWS

Piedmont Lithium's Bankable Feasibility Study (BFS) for its Carolina Lithium project indicates a robust financial outlook, with a post-tax NPV of US$2.0 billion and an IRR of 27%. The BFS, which assumes a production cost of $3,657/t, positions the project as one of the world's lowest-cost lithium hydroxide producers. Estimated EBITDA of $459 million annually is expected over the first decade. Improved estimate accuracy and a strategic location support U.S. EV supply chains expected to demand over 460,000 t/y of lithium hydroxide by 2027.

Piedmont Lithium Inc. (NASDAQ: PLL) has released an updated Corporate Overview Presentation, highlighting critical market conditions and lithium supply and demand forecasts. The presentation underscores the growing importance of lithium in the electric vehicle (EV) sector, driven by expanding battery and vehicle manufacturing in North America. Piedmont aims to leverage its significant spodumene resources in North Carolina, Quebec, and Ghana to become a leading producer of battery-grade lithium hydroxide, positioning the company to support the EV industry's rapid growth while enhancing shareholder value.

Piedmont Lithium (NASDAQ: PLL) has appointed Monique Parker as the new Vice President of Health, Safety, and Environment. Ms. Parker has over a decade of experience in environmental, health, and safety roles at major companies such as Albemarle Corporation and Owens Corning. Her diverse background, including roles in strategy and product development, is expected to enhance Piedmont's integrated operations. The company aims to become a leading, sustainable producer of battery-grade lithium hydroxide to support North America's transition to clean energy.

Piedmont Lithium Inc. has announced a significant increase in the total Mineral Resources for its Carolina Lithium Project to 44.2 million tonnes at 1.08% Li₂O, compliant with U.S. S-K 1300 standards. The Indicated Mineral Resources rose by 101% to 28.2 million tonnes at 1.11% Li₂O. The company is set to complete its Definitive Feasibility Study (DFS) for the project, which aims to enhance America’s lithium supply chain for electric vehicles, by Q4 2021.

Piedmont Lithium has appointed Krishna McVey as the new Vice President of Human Resources. Reporting to CEO Keith Phillips, McVey brings extensive experience in labor and employment law, along with a strong background in human capital management. Her previous roles include Vice President of Human Resources at TC Transcontinental Packaging and a 15-year career with Michelin. The company is focused on developing a sustainable lithium hydroxide production operation in North America, aligning with the growing electric vehicle supply chain.

Piedmont Lithium (NASDAQ: PLL) announces a positive alignment with newly approved mining ordinances by the Gaston County Board of Commissioners in North Carolina. The ordinances, part of a broader update of the Unified Development Ordinance, support the operational plans for Piedmont's Carolina Lithium Project. CEO Keith Phillips expressed confidence that the company's existing safety and environmental standards will exceed new regulations. Piedmont continues to engage with local authorities regarding its State Mining Permit application submitted on August 31, 2021.

Piedmont Lithium announces its participation in three investor conferences in September 2021, including the H.C. Wainwright Global Investment Conference, Evercore ISI Autotech & AI Forum, and D.A. Davidson Diversified Industrials & Services Conference. CEO Keith Phillips highlights their strategic initiatives, including updates on the North Carolina Lithium Project, acquisition of North American Lithium in Quebec, and investment in Iron Ridge Resources in Ghana. These efforts aim to strengthen their position in the North American electric vehicle supply chain.

Piedmont Lithium Inc. (Nasdaq: PLL) has submitted two key applications for its Carolina Lithium Project, aimed at enhancing North America's electric vehicle supply chain. The first, filed on August 30, 2021, is for a North Carolina State Mining Permit. The second, submitted on August 31, 2021, is a draft loan application to the U.S. Department of Energy’s ATVM Loan Program, which has $17.7 billion available for qualifying companies. CEO Keith Phillips emphasized the importance of these applications for advancing the project while ensuring safety and environmental protections.

Piedmont Lithium has completed a 9.9% investment in IronRidge Resources as part of a staged agreement to acquire a 50% stake in its Ghana lithium portfolio. This investment supports the development of the Ewoyaa Project, which boasts a Mineral Resource estimate of 14.5Mt at 1.31% Li2O. Piedmont has secured rights to 50% of spodumene concentrate production, aiding its future lithium hydroxide production plans in North America.