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Industrial Materials Industry | Basic Materials Sector | Mr. Keith Douglas Phillips B.Com., H.B.Com, MBA CEO | OTC PINK Exchange | AU000000PLL5 ISIN |
US Country | 23 Employees | - Last Dividend | 19 May 2021 Last Split | 7 Nov 2017 IPO Date |
Piedmont Lithium Inc. is a company in its development stage, primarily focusing on the exploration and development of resource projects in the United States. Founded in 2016, the company sets its sights on the lucrative lithium market, with its major project located in a region known for its rich lithium resources. Piedmont Lithium Inc. has its headquarters in Belmont, North Carolina, positioning itself in close proximity to its main project sites and enabling effective management and development of its resources. The company's strategic location within the Carolina Tin-Spodumene Belt, a well-known area for lithium content, underscores its potential to become a significant player in the lithium supply chain, catering to the growing demand for lithium globally, particularly for use in electric vehicle batteries and other technologies.
The core focus of Piedmont Lithium Inc. revolves around lithium exploration and development, with significant projects underway:
This project is the centerpiece of Piedmont Lithium's portfolio. Spanning approximately 3,706 acres, it is situated within the Carolina Tin-Spodumene Belt to the northwest of Charlotte, North Carolina. The area is historically known for its lithium-rich spodumene deposits, placing Piedmont Lithium in a strategic position to explore and potentially extract lithium resources. This endeavor not only aligns with the company's exploration objectives but also promises to cater to the increasing demand for lithium, driven by the surge in electric vehicle production and energy storage solutions.
In addition to its exploration activities, Piedmont Lithium owns valuable real estate in strategic locations, including approximately 5 acres in Bessemer City, North Carolina, and a 61-acre property in Kings Mountain, North Carolina. These properties not only bolster the company's asset base but also provide potential logistical advantages for its operations. The strategic positioning of these properties could facilitate various operational needs, such as serving as sites for future facilities or logistical bases to support the Carolina Lithium Project.