Piedmont Lithium Inc (PLL)

[TradingCharts]

Piedmont ‘very optimistic’ on North Carolina permit approval
Reuters | August 3, 2021 | 2:49 pm Battery Metals USA Lithium

Piedmont Lithium Inc expects to receive state regulatory approval for its proposed North Carolina lithium project and have it fully funded by mid-2022, its chief executive said on Tuesday.


Piedmont’s project would be among the largest U.S. lithium mines and a key domestic source of the white metal for electric vehicle batteries. But some local North Carolina officials have voiced concerns about its environmental impact and said they may block or delay it.

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The company will apply for a state mining permit by mid-August and expects the review process to last six to nine months, CEO Keith Phillips told the Jefferies Virtual Industrials Conference.

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