In 2021, Piedmont Lithium acquired equity interests in Sayona Mining and a 25% interest in Sayona Quebec, a joint venture between Piedmont and Sayona Mining. Sayona Quebec owns the past-producing North American Lithium, the Authier Lithium Project, and the Tansim Lithium Project.

North American Lithium is a past-producing operation with a prior capital investment of C$400 million

Access to rail and highway infrastructure

Employment opportunities for local labor and contractors

Powered by renewable hydroelectricity

Impact and Benefits Agreement with local communities

Restarting North American Lithium

In 2022, Piedmont and Sayona formalized plans to restart spodumene concentrate production at North American Lithium in Quebec, representing what we believe is an essential next step in supplying North American lithium resources.

The plans include an estimated $80 million investment in operational upgrades, which are currently underway to improve product quality and plant utilization. Our goal is to restart operations in 2023.1 In addition to our equity interest in the project, Piedmont holds an offtake agreement to purchase the greater of 113,000 MT or 50% of production of spodumene concentrate per year from the projects in Quebec.

1 Subject to the receipt of remaining permit transfers and approvals for the project.