Piedmont Lithium secures offtake agreement and invests $12M into lithium developer Sayona MiningPiedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) CEO Keith Phillips tells Proactive the group has made a $12 million strategic investment in Quebec hard-rock lithium developer Sayona Mining Ltd (ASX:SYA) (OTCMKTS:DMNXF) (FRA:DML), as well as a binding supply agreement for at least 50% of Sayona Quebec’s planned spodumene concentrate production.
Phillips says from a resources and reserves perspective, and the spodumene supply agreement will offset Piedmont's Tesla commitments in the near term and position the group for longer-term growth in lithium hydroxide production.
Companies race to mine lithium, a battery essentialThe metal lithium has become integral to our daily lives, due to its essential role as a battery material in electronic devices. Over the next several decades, the rising popularity of electric vehicles is expected to mean the demand for lithium will increase even more -- so companies that mine the metal are racing to improve their productivity. Science correspondent Miles O’Brien reports.
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Piedmont Lithium in the Age of COVID-19 - Q&A with CEO Keith Phillips - April 9, 2020On April 9, 2020 we had the opportunity to sit down with Piedmont Lithium (Nasdaq: PLL) CEO Keith Phillips recently to learn more about their large, high quality lithium project in the Carolina Tin-Spodumene belt (North Carolina) and their plans to move beyond current scoping study level and eventually into construction of a high throughput lithium hydroxide plant to service both the domestic and international electric vehicle battery markets. Piedmont's proximity to major infrastructure and end user battery manufacturers puts them at the top of the food chain in terms of the lowest lithium hydroxide all-in cost on the planet!