PIEDMONT LAUNCHES DFS FOR INTEGRATED BUSINESS

Mar 15, 2021

Click here to view the full ASX Announcement.

Keith D. Phillips, President and Chief Executive Officer, said, “Demand for locally and ethically-sourced battery raw materials is accelerating, and Piedmont is engaging in multiple initiatives to meet this opportunity in the most sustainable way possible. With the backdrop of new executive orders supporting domestic battery supply chains, we are very pleased to launch an integrated definitive feasibility study to advance our North Carolina operations. In adopting the innovative Metso Outotec process we hope to deliver enhanced DFS economics while also positioning the Piedmont Lithium Project to have a lower environmental impact than any of the lithium hydroxide projects currently operating and under construction around the world.

“As the only spodumene-to-hydroxide lithium project in the United States, Piedmont is at the nexus of three important mega-trends – the ‘electrification of everything’, the ‘localization of supply chains’, and ‘the decarbonization of the economy’. As our DFS progresses we will continue to engage in discussions with prospective customers and strategic investors to optimally position our North Carolina operations for development later this year.”

For further information, contact:

Keith D. Phillips | President & CEO
T: +1 973 809 0505
E: [email protected]

Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: [email protected]