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Alias Born | 06/25/2009 |
Tuesday, July 06, 2021 6:56:23 PM
PRESS RELEASE | July 1, 2021 | NASDAQ:PLL
PIEDMONT EXPANDS SPODUMENE RESOURCES THROUGH INVESTMENTS IN IRONRIDGE RESOURCES
Supports Piedmont’s Plan to Become America’s #1 Producer of Lithium Hydroxide
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PLL to acquire 9.47% of IronRidge Resources ("IRR”) and a 50% interest in IRR’s Ghana-based lithium portfolio
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$15mm equity placement and 50% project interest to be earned through staged investments over 3-4 years
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Binding supply agreement for 50% of IRR’s planned Ghanaian spodumene concentrate ("SC6”) production
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The IRR Ghana SC6 supply will support staged growth in Piedmont’s lithium hydroxide production
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Feasibility Study of Carolina Lithium’s integrated 30,000 t/y LiOH on track for September 2021
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30,000 t/y integrated LiOH project in Quebec to be evaluated jointly with Sayona Mining
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IRR SC6 supply provides optionality for incremental 30,000 t/y LiOH capacity at a site to be determined
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Hydroxide capacity to be developed in stages to minimize execution and funding risks
https://dd7pmep5szm19.cloudfront.net/2526/0001140361-21-023051.htm#brhc10026501_ex99-1.htm
https://piedmontlithium.com/investors/sec-filings/
If THEIR IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG
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