Carolina Lithium Permitting Update
August 09 2021 - 7:00AM
Business Wire
Gaston County review will allow time for
constructive engagement
Piedmont Lithium Inc. (Nasdaq: PLL) (ASX: PLL) (“Piedmont” or
the “Company”) is providing the following update as to the county
rezoning process for its Carolina Lithium Project.
On August 6, 2021, during a special meeting of the Gaston County
Board of Commissioners, the commissioners voted to approve a 60-day
temporary development moratorium in new approvals for mining and
quarrying activities in order to review the county’s current
industry regulations and their potential impact on future
operations. The Company looks forward to constructive engagement
with the county commissioners and staff on the many important
matters subject to their review.
“We would like to thank the Gaston County Board of Commissioners
for their leadership in creating this framework and review
structure where the County and Company can move forward together.
We wholeheartedly agree that it’s important for the commissioners
to have the time to review existing state and county regulations
and how they may apply to plans for the Carolina Lithium Project,”
said Piedmont Lithium CEO Keith Phillips.
“We note that counsel representing the county made clear in a
statement during the special meeting that Gaston County supports
economic growth and development, and that the resolution is not
intended to stop mining but rather to give the county time to
perform their due diligence. We look forward to engaging with the
commissioners and the broader community regarding our commitment to
environmental stewardship and economic prosperity for the county as
we work to advance the United States supply chain for a low-carbon
economy.”
Piedmont also confirmed that the Company is on track to publish
its upcoming Definitive Feasibility Study in 2H 2021 and the
Company will continue to work on the state and county level permits
that are required for the Project.
About Piedmont Lithium
Piedmont Lithium (Nasdaq:PLL, ASX:PLL) is developing a
world-class integrated lithium business in the United States,
enabling the transition to a net zero world and the creation of a
clean energy economy in America. Our location in the renowned
Carolina Tin Spodumene Belt of North Carolina, the cradle of the
lithium industry, positions us to be one of the world’s lowest cost
producers of lithium hydroxide, and the most strategically located
to serve the fast-growing U.S. electric vehicle supply chain. The
unique geographic proximity of our resources, production operations
and prospective customers places us on the path to be the most
sustainable producer of lithium hydroxide in the world and should
allow Piedmont to play a pivotal role in supporting America’s move
to the electrification of transportation and energy storage. For
more information, please visit www.piedmontlithium.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of or as described in securities legislation in the
United States and Australia, including statements regarding
exploration, development and construction activities; current plans
for Piedmont’s mineral and chemical processing projects; strategy;
and expectations regarding permitting. Such forward-looking
statements involve substantial and known and unknown risks,
uncertainties and other risk factors, many of which are beyond our
control, and which may cause actual timing of events, results,
performance or achievements and other factors to be materially
different from the future timing of events, results, performance or
achievements expressed or implied by the forward-looking
statements. Such risk factors include, among others: (i) that
Piedmont will be unable to commercially extract mineral deposits,
(ii) that Piedmont’s properties may not contain expected reserves,
(iii) risks and hazards inherent in the mining business (including
risks inherent in exploring, developing, constructing and operating
mining projects, environmental hazards, industrial accidents,
weather or geologically related conditions), (iv) uncertainty about
Piedmont’s ability to obtain required capital to execute its
business plan, (v) Piedmont’s ability to hire and retain required
personnel, (vi) changes in the market prices of lithium and lithium
products, (vii) changes in technology or the development of
substitute products, (viii) the uncertainties inherent in
exploratory, developmental and production activities, including
risks relating to permitting, zoning and regulatory delays, (ix)
uncertainties inherent in the estimation of lithium resources, (x)
risks related to competition, (xi) risks related to the
information, data and projections related to Sayona Quebec and
IronRidge Resources, (xii) occurrences and outcomes of claims,
litigation and regulatory actions, investigations and proceedings,
(xiii) risks regarding our ability to achieve profitability, enter
into and deliver product under supply agreements on favorable
terms, our ability to obtain sufficient financing to develop and
construct our projects, our ability to comply with governmental
regulations and our ability to obtain necessary permits, and (xiv)
other uncertainties and risk factors set out in filings made from
time to time with the U.S. Securities and Exchange Commission
(“SEC”) and the Australian Securities Exchange, including
Piedmont’s most recent filings with the SEC. The forward-looking
statements, projections and estimates are given only as of the date
of this presentation and actual events, results, performance and
achievements could vary significantly from the forward-looking
statements, projections and estimates presented in this
presentation. Readers are cautioned not to put undue reliance on
forward-looking statements. Piedmont disclaims any intent or
obligation to update publicly such forward-looking statements,
projections and estimates, whether as a result of new information,
future events or otherwise. Additionally, Piedmont, except as
required by applicable law, undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of Piedmont, its financial or operating results or its
securities.
This announcement has been approved for release by the Company’s
CEO, Mr. Keith Phillips.
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version on businesswire.com: https://www.businesswire.com/news/home/20210809005184/en/
For further information, contact:
Keith D. Phillips President & CEO T: +1 973 809 0505
E: kphillips@piedmontlithium.com
Brian Risinger Vice President – Corporate Communications
T: +1 704 910 9688 E: brisinger@piedmontlithium.com
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