Piedmont Lithium Inc - PLL STOCK NEWS

Piedmont Lithium Inc. (NASDAQ: PLL) has released an Economic Impact Study for its proposed Carolina Lithium Project in Gaston County, North Carolina. The study forecasts that the project will generate a direct output of approximately $6.4 million in 2023, increasing to $533.6 million by 2027. The total estimated output impact for 2023 is $8.1 million, rising to $687.8 million in 2027. This integrated facility will produce an estimated 30,000 tons of lithium hydroxide annually, enhancing the North American electric vehicle supply chain.

Piedmont Lithium announced the adjournment of its 2022 Annual Meeting of Stockholders, originally set for January 11, 2022, due to insufficient quorum, with only 46.18% of shares present. The meeting is rescheduled to February 3, 2022, at 2 p.m. ET in a virtual format to ensure safety amid COVID-19. Stockholders are encouraged to vote their shares prior to the meeting. The company is focused on being a premier lithium hydroxide producer in North America, supporting the EV supply chain and contributing to clean energy initiatives.

Pall Arabia, a joint venture between Pall Corporation and Tanajib for Oil & Gas Company, has expanded its manufacturing capabilities to include the SepraSol Plus liquid/gas coalescers in Saudi Arabia. This development aligns with Saudi Vision 2030 and aims to enhance support for the local oil and gas sector. The new facility, covering 14,000 sq. ft., is Pall's global center for oil and gas technologies, focusing on quality and agility in meeting customer needs. The facility has achieved ISO 9001:2015 accreditation, ensuring high standards and reliability in product supply.

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.