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Stock impact report

Mining permit approved for lithium facility in Gaston County [Yahoo! Finance]

Piedmont Lithium Inc. (PLL) 
Company Research Source: Yahoo! Finance
On Monday, the company announced regulators approved a state mining permit after years of anticipation. Gaston County will have one of the largest lithium mines in the country. This has been years in the making and didn't come without opposition. The process started back in 2016 when Piedmont Lithium was founded. An executive said the company was essentially formed around this project because of how much lithium is in the area. In 2022, the company moved its headquarters to Belmont and has been working towards building a mine ever since. MORE FROM QUEEN CITY NEWS GASTON COUNTY With local approval pending, Piedmont said they would add more than 400 full-time jobs in the area, as well as create one of the largest sources of EV battery components in the country. “This is a big day not only for Piedmont and our employees in receiving the state minding permit approval, but it is a big day I think for NC and a big day for US energy security and the electrification supply chains Show less Read more
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