Piedmont Lithium Inc. is a U.S.-based lithium supplier focusing on meeting North America’s growing demand for lithium products. Founded in 2016 and headquartered in Belmont, North Carolina, the company develops and operates multiple lithium projects across strategic locations including Quebec, Ghana, and North Carolina. As a dual-listed company on NASDAQ and the Australian Securities Exchange (PLL), Piedmont Lithium aims to become North America’s leading supplier of lithium hydroxide, essential for electric vehicle (EV) battery production.
Battery Technology
Piedmont Lithium’s primary focus lies in producing battery-grade lithium hydroxide from spodumene concentrate, a crucial component for high-performance EV batteries. The company’s integrated approach encompasses the entire production chain, from mining spodumene to processing it into lithium hydroxide.
Their Tennessee Lithium project is set to become the largest lithium hydroxide processing facility in the United States, with planned annual production of 30,000 metric tons. The Carolina Lithium Project, valued at $1.2 billion, will produce 33,000 tons of lithium annually over an 11-year period. These facilities utilize advanced processing methods to create high-purity lithium hydroxide, specifically designed for next-generation EV batteries requiring enhanced performance and longer range capabilities.
The company’s technical processes are optimized for efficiency and environmental sustainability, incorporating water management systems and dust reduction measures to minimize environmental impact while maintaining product quality.
Recent Projects
In November 2024, Piedmont Lithium signed a definitive agreement with Sayona Mining for an all-stock merger, positioning the combined entity to become North America’s largest lithium producer. The fourth quarter of 2024 saw record shipments of approximately 55,700 dmt of spodumene concentrate from their North American Lithium (NAL) operation.
The company has also streamlined its U.S. production strategy by integrating the Tennessee Lithium project into Carolina Lithium as a second lithium hydroxide production line, optimizing resource allocation and operational efficiency.
Investors
Piedmont Lithium maintains strong institutional investor support, including significant holdings from industry leaders such as BlackRock, Inc. and Vanguard Group Inc., with the latter increasing its position by 12.37% as of October 2024. Other notable investors include Invesco Ltd. and Morgan Stanley. Resource Capital Funds, specializing in critical minerals and mining investments, supports the company’s strategic merger with Sayona Mining.
Business Details
Location: Belmont, North Carolina, USA
Website: https://piedmontlithium.com
LinkedIn: https://www.linkedin.com/company/11240502
