We are designing our Carolina Lithium project, located in Gaston County, North Carolina, to be a fully-integrated lithium project, with mining, spodumene concentrate production, and lithium hydroxide conversion occurring all on one site. We expect Carolina Lithium to be one of the world’s only fully integrated lithium operations and among the most sustainable lithium hydroxide operations of its kind. The project, currently in the development stage, is located on a world-class mineral resource within the renowned Carolina Tin-Spodumene Belt.

Carolina Lithium is well situated in a historical lithium region within the developing Battery Belt. The area features access to road and rail infrastructure, a highly skilled labor force, and low-cost and low-carbon sources of baseload grid power.

With ideal proximity to lithium and byproducts markets, the project is being designed to produce 30,000 metric tons of lithium hydroxide per year. This capacity would more than double the current American production capacity of approximately 20,000 metric tons annually and greatly contribute to U.S. energy security.

In April 2024, the North Carolina Department of Environmental Quality’s Division of Energy, Mineral, and Land Resources issued an approval of Piedmont Lithium’s mining permit for the construction, operation, and reclamation of Carolina Lithium. The mining permit, which is subject to conditions both customary and specific to our type of project, is the precursor for the county rezoning process. Construction would follow, subject to obtaining the remaining necessary permits as well as rezoning approvals and project financing activities.