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Piedmont Lithium - Power with Tomorrow in Mind
The promise of the electric vehicle transition won't happen without an increased supply of lithium. At Piedmont Lithium we're laser focused on becoming the only fully-integrated, sustainable producer of lithium hydroxide from spodumene concentrate in the United States. We're on a mission to support a uniquely American EV supply chain. EV's require lithium-ion batteries, and lithium-ion batteries require lithium. Piedmont Lithium. Power With Tomorrow In Mind. -
Piedmont Lithium secures offtake agreement and invests $12M into lithium developer Sayona Mining
Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) CEO Keith Phillips tells Proactive the group has made a $12 million strategic investment in Quebec hard-rock lithium developer Sayona Mining Ltd (ASX:SYA) (OTCMKTS:DMNXF) (FRA:DML), as well as a binding supply agreement for at least 50% of Sayona Quebec’s planned spodumene concentrate production.
Phillips says from a resources and reserves perspective, and the spodumene supply agreement will offset Piedmont's Tesla commitments in the near term and position the group for longer-term growth in lithium hydroxide production.