Piedmont Submits Application for North Carolina Mine Permit and Draft Application for U.S. Department of Energy Loan
01 September 2021 - 9:00PM
Business Wire
Piedmont Lithium Inc., (“Piedmont” or the
“Company”) (Nasdaq: PLL, ASX: PLL), a multi-asset company focused
on the integrated production of lithium hydroxide to support the
North American electric vehicle supply chain, today announced it
has submitted two applications related to the Company’s Carolina
Lithium Project.
On August 30, 2021, the Company filed its application for a
North Carolina State Mining Permit with the N.C. Department of
Environmental Quality’s Division of Energy, Mineral and Land
Resources.
Additionally, on August 31, 2021, the Company submitted a draft
loan application to the U.S. Department of Energy’s Loans Program
Office for loan funding via the Advanced Technologies Vehicle
Manufacturing (“ATVM”) Loan Program. The ATVM has $17.7 billion in
direct loan authority to provide funding to U.S. companies engaged
in the manufacturing of fuel efficient, advanced technology
vehicles and qualifying components supporting the automotive supply
chain.
The timeline for the review and response with respect to each
application is subject to the established processes and procedures
of the respective responsible agency.
“Submitting our mine permit application with the State of North
Carolina is an important and necessary step in advancing our
Carolina Lithium Project in Gaston County, North Carolina,” said
President and CEO of Piedmont Lithium, Keith Phillips. “We have
been extremely rigorous in planning our operations, with an intense
focus on safety, sustainability, and environmental protections
within the communities where we plan to operate. We welcome the
review by the State and look forward to their response. And as we
consider a variety of funding sources for our Carolina Lithium
Project, we’re excited about the possibility of participating in
the ATVM Loan Program. This program was specifically designed to
assist companies like ours that are working to help build a
domestic source of components and materials to support the electric
vehicle supply chain in the U.S.,” added Phillips.
To learn more about mining permits in North Carolina, visit: NC
DEQ: Mining Program. To learn more about the ATVM Loan Program,
visit: Advanced Technology Vehicles Manufacturing Loan Program |
U.S. Department of Energy.
Click here to view the full release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210901005325/en/
Keith Phillips President & CEO T: +1 973 809 0505 E:
kphillips@piedmontlithium.com
Brian Risinger VP - Investor Relations and Corporate
Communications T: +1 704 910 9688 E:
brisinger@piedmontlithium.com
Piedmont Lithium (NASDAQ:PLL)
Historical Stock Chart
From Apr 2024 to May 2024
Piedmont Lithium (NASDAQ:PLL)
Historical Stock Chart
From May 2023 to May 2024