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Home Companies Mid-Cap
mining-2

Piedmont Lithium Receives Key Permit for Carolina Lithium Project

byLiliana Vida
April 15, 2024
in Mid-Cap, Mining
Reading Time: 2 mins read
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Milestone Approval Paves the Way for Groundbreaking Sustainable Lithium Operation

Piedmont Lithium (PLL), a pivotal player in North America’s lithium supply chain for electric vehicles, celebrates a significant milestone as the North Carolina Department of Environmental Quality approves its mining permit for the Carolina Lithium project. This project, slated for construction in Gaston County, North Carolina, marks a crucial step towards bolstering the U.S. electric vehicle infrastructure.

Keith Phillips, President and CEO of Piedmont Lithium, expresses gratitude for the rigorous approval process and outlines the project’s potential economic and environmental impact. Carolina Lithium aims to become a leading low-cost, sustainable lithium hydroxide operation, contributing billions to the economy and creating hundreds of jobs.

The Carolina Lithium project is strategically positioned within key lithium and battery belts, promising integrated mining and manufacturing operations. With exceptional infrastructure, minimal transportation distances, and access to local markets, the project is poised to capitalize on its advantages, offering competitive returns and driving the American electrification economy forward.

The approval sets the stage for the next phase of development, including rezoning processes and financing activities. Piedmont Lithium remains committed to community engagement and seeks to maximize shareholder value through strategic funding partnerships.

Read original press release:here

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