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Stock impact report

Piedmont Lithium takes a big step forward in plans to build $1B mine near Charlotte [Yahoo! Finance]

Piedmont Lithium Inc. (PLL) 
Company Research Source: Yahoo! Finance
North Carolina Department of Environmental Quality's Division of Energy, Mineral, and Land Resources approved Piedmont Lithium's mining permit for the construction and operation the project, the Belmont-based lithium supply company said Monday. Carolina Lithium is “a critical part of the American electric vehicle supply chain,” Piedmont Lithium President and CEO Keith Phillips said in a statement. LITHIUM LAYOFFS: Why 27% of the workforce was cut Lithium is used in batteries to power electric vehicles, bikes and personal electronic devices like cell phones. North Carolina is among a few places in the world where lithium mining is possible. Albemarle Corp., based in Charlotte, also is in the approval process to reopen a lithium in Kings Mountain, west of Charlotte. Piedmont Lithium submitted its proposal in August 2021 for a new lithium mine in the Hephzibah Church Road area on over 1,500 acres east of Cherryville in Gaston County. That's about 25 miles west of Charlotte. Show less Read more
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