Piedmont Lithium – Power with Tomorrow in MindThe 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 MiningPiedmont 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.