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to continue to develop the mine. Piedmont
Lithium's Gaston County project proposal predicts that “33,000 tons of lithium be mined per year” and will produce “330,582 tons of greenhouse gas emissions annually”. The proposal states that the project will produce “169 tons of particulate matter” and“ 69 tons of the PM 2.5,” a particle known to “cause respiratory and heart problems, as well as contribute to premature birth”.
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would go door to door to collect data on the number of residents who have private wells. Fraley also “criticized the length of the mine’s expected usage by
Piedmont Lithium, believing the time frame is too short”. Operations at Piedmont are being halted since the company needs to seek approval from the Gaston County Commission which has been giving them a “cool reception at meetings”.
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federal
Department of Energy (DOE) grant to help pay for the Tennessee plant”. The company declined the loan because they say they need more money for the Tennessee plant. Instead, Piedmont is trying to obtain a DOE Advanced Technology Vehicle Manufacturing Loan which will give the company more money.
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Piedmont
Lithium currently has multiple shares and deals in the mining industry. This includes a mining partnership with Sayona Mining with a mine in Quebec. Overall, “Piedmont owns one-quarter of the Canadian mine”. In summer of 2023 the mine in Quebec brought in a total of $ 47 million in sales and
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In Gaston County
Piedmont Lithium began buying land in Gaston County, eventually accumulating 3,600 acres. The company intends to use the land for their mining operation close to where their headquarters are located. When the Piedmont Lithium mining project was proposed to the Gaston County community
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In August 2023 Piedmont
Lithium spoke at the Gaston County Commissioners meeting in order to seek permitting approval. The Gaston County Commissioner, Allen Fraley, declined Piedmont's request for approval saying, “the door knocking should have already been done,” when the company proposed that they
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On April 15, 2024, the company obtained the final permits they needed to build the
Lithium Mine. The permits were approved “despite widespread opposition from neighbors worried about water, noise pollution and other potential problems”. Currently Piedmont Lithium is waiting on rezoning approval from
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The project in Gaston County is currently in development and will include a 1.2 billion dollar mine as well as processing plant. The mining project is currently in a negotiation phase as
Piedmont Lithium needs to obtain air and water permits as well as a rezoning approval from Gaston County in order
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This mine would significantly increase
Piedmont Lithium's stock which will “keep investors happy”. Piedmont's strategy is to meet the lithium mining demands of the US market and provide lithium to “automobile and battery makers” such as Tesla. The market for electric vehicles and batteries has been
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growth for lithium occurring in the 2020s, lithium mining and production companies are growing and some are experiencing marked increases in market valuation. The stock prices of
Piedmont Lithium, as well as Lithium Americas and MP Materials, increased substantially in early 2021 as a result of the
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The mine in Gaston County will be an open-pit Lithium Mine. Open-pit mines create mining waste which includes, but is not limited to thousands of tons of sulfuric acid per day as well as radioactive uranium extracts. Piedmont Lithium will implement multiple environmental risk mitigation features in
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Through these negotiations the Gaston County residents continue to “remain skeptical about disrupting the environment they live around”. In the aforementioned hearing, the commissioners “affirmed that no plans would be approved until Piedmont Lithium receives a mining permit from South Carolina”.
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According to the proposal, the Gaston County project will operate on 3,600 acres of land which Piedmont will use “half as a buffer, and the other half, mining operations proper”. The company plans to have the Gaston County mining operation as both a mining site as well as spodumene processing
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The money garnered from the Quebec mine will be going towards Piedmont's projects in Gaston County, South Carolina and Tennessee. These projects will cost the company $ 1.8 billion and $ 800 million respectively. In the Fall of 2023, Phillips said that “ decided not to accept a $ 141.7 million
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The South Carolina state mining permit for the $ 1 billion Gaston County project and its 500-foot deep mine was issued on 15 April 2024. A US$ 1 million reclamation bond will need to be posted before site work can begin, and a local zoning variance will need to be issued.
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provided Piedmont with a “$ 22.9 million dollar profit, the first in the company’s history”. Piedmont Lithium's current CEO, Keith Phillips, called the quarter of sales “transformational” for the company as stock prices rose.
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plant, “one of the few of its kind in the United States”. The mine is predicted to be in operation for 11 years and is expected to bring in large amounts of profit for the company according to Piedmont Lithium CEO Keith Phillips.
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In 2018 Piedmont Lithium began to approach Gaston County citizens about buying their land. Piedmont Lithium offered to buy one resident's land for a fixed price “without giving him an idea about the lithium’s actual value”.
261:, would acquire the Australian Company, if approved by the shareholders of Piedmont Lithium Ltd. Shareholders approved the proposal on April 29, 2021. and the company became redomiciled as a US corporation on May 17, 2021.
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Local news station WCNC Charlotte has reported on emails between Gaston Count residents, Gaston County Commissioners, and Piedmont Lithium regarding concerns about the amount of pollution the mine will produce.
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their proposed mine. These features include a conveyor belt to transport blasted rock from the mine up to the processing plant and the usage of many tons of water to prevent dust from building up.
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it was met with push back. The residents were concerned that the mine would have a significant impact on the Gaston County environment, specifically the air quality and municipal water quality.
102:. As of March 2021, nearly all of Albemarle's lithium is extracted in Australia and Chile, which have large, accessible deposits of the metal." As of 2021, just one percent of global lithium
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is both mined and processed in the United States (3,150 t (6,940,000 lb)), while 233,550 t (514,890,000 lb) is produced in Australia and Chile.
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in the late 2000s after thinking back to "the green-striped rocks in the yard of his childhood home in . The rocks contained rich veins of lithium."
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In March 2021, Piedmont Lithium Ltd proposed a "re-domiciliation from Australia to the United States" under which a newly formed US corporation,
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644:"'Sorry for my frankness, but let's get to it' | Emails detail growing frustration between Gaston County commissioners, Piedmont Lithium"
90:"The modern lithium-mining industry started in this North Carolina region in the 1950s, when the metal was used to make components for
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was founded as an Australian company in 2016. Cofounders included Australian financier Taso Arima and US geologist
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The Gaston County project is one of multiple projects that Piedmont Lithium is working to develop currently.
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The surrounding Gaston County community is concerned that the mine will affect their water and air quality.
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Piedmont Lithium currently has mining related projects in Quebec, Tennessee, Gaston County, and Quebec.
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380:"Piedmont Lithium reports first profit, but still needs money and permits to build Gaston mine"
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239:
524:"Residents and commissioners remain unhappy with proposed Piedmont Lithium mine project"
337:(Report). Securities and Exchange Commission. February 28, 2022. pp. 5–6. 001-38427
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by drilling many sample cores across 2,300 acres (930 ha) of land it owns or has
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483:"America's Battery-Powered Car Hopes Ride on Lithium. One Producer Paves the Way"
407:"America's Battery-Powered Car Hopes Ride on Lithium. One Producer Paves the Way"
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to supply high-purity lithium ore for up to ten years, specifically to supply "
712:"Why Lithium Americas, Piedmont Lithium, and MP Materials Stocks Popped Today"
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expanding and Piedmont plans to “ramp up production to fill that demand”.
307:"Tesla supplier Piedmont Lithium gets key North Carolina mining permit"
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446:"Piedmont Lithium gets cold shoulder in Gaston County • NC Newsline"
580:"The Lithium Gold Rush: Inside the Race to Power Electric Vehicles"
578:
Penn, Ivan; Lipton, Eric; Angotti-Jones, Gabriella (May 6, 2021).
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554:"Piedmont Lithium Looks Abroad amid North Carolina Uncertainty"
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the Gaston County Board of commissioners to begin the project.
94:. One of the world’s biggest lithium miners by production,
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In September 2020, Piedmont signed a sales agreement with
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increased importance of lithium to the global economy.
770:"Piedmont Lithium Announces Results Of Scheme Meeting"
671:"Piedmont Lithium stock soars on confirmed Tesla deal"
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area. Leatherman had explored the area for lithium in
220:') from Piedmont's South Carolina deposit to Tesla."
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and is planning to invest in a $ 1.8 billion mine in
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Patterson, Scott; Ramkumar, Amrith (March 9, 2021).
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744:"Piedmont Lithium: Results of First Court Hearing"
192: This permit was obtained on April 15, 2024.
695:Piedmont Lithium Signs Sales Agreement with Tesla
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49:is an American mining company in the process of
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697:, 28 September 2020, retrieved 14 March 2021.
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844:Proposed infrastructure in the United States
235:had previously shown to contain substantial
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834:Geography of Gaston County, North Carolina
618:"Mining for the Climate on Apple Podcasts"
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125:to start the firm. Arima read about the
68:The company has done business deals with
669:Jamasmie, Cecilia (September 28, 2020).
121:, who raised several million dollars of
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149:Gaston County Carolina Lithium Project
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305:Scheyder, Ernest (April 15, 2024).
824:Lithium mines in the United States
724:from the original on March 4, 2021
552:Scheyder, Ernest (June 22, 2022).
405:Patterson, Scott (March 9, 2021).
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231:to in Gaston County that surface
819:2016 establishments in Australia
335:PIEDMONT LITHIUM INC. FORM 10-KT
129:work Leatherman had done in the
772:. Business Wire. April 29, 2021
223:As of early 2021, Piedmont was
444:Sorg, Lisa (August 18, 2023).
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849:Environment of North Carolina
710:Smith, Rich (March 1, 2021).
131:Gaston County, South Carolina
74:Gaston County, North Carolina
53:economic mineral recovery of
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839:Mining in North Carolina
814:Multinational companies
411:The Wall Street Journal
16:American mining company
98:, is based in nearby
65:, Canada, and Ghana.
259:Piedmont Lithium Inc
115:Piedmont Lithium Ltd
829:Mineral exploration
488:Wall Street Journal
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650:. February 7, 2022
624:. February 5, 2024
584:The New York Times
386:. November 7, 2023
170:Community Response
269:Legal Proceedings
249:With substantial
119:Lamont Leatherman
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809:Mining companies
794:Piedmont Lithium
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341:November 15,
339:. Retrieved
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57:at sites in
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717:Motley Fool
450:NC Newsline
233:prospecting
127:prospecting
803:Categories
748:nasdaq.com
675:mining.com
282:References
86:Background
754:March 13,
728:March 13,
680:March 13,
654:April 30,
628:April 30,
597:April 30,
592:0362-4331
563:April 20,
534:April 30,
499:March 13,
455:April 30,
416:April 30,
390:April 30,
316:April 16,
237:hard rock
225:exploring
214:spodumene
100:Charlotte
63:Tennessee
29:Traded as
722:Archived
648:wcnc.com
528:wcnc.com
493:Archived
200:Business
141:Projects
558:Reuters
311:Reuters
242:in the
110:History
55:lithium
51:proving
37::
776:May 1,
590:
251:demand
104:supply
35:Nasdaq
210:Tesla
70:Tesla
778:2021
756:2021
730:2021
682:2021
656:2024
630:2024
599:2024
588:ISSN
565:2024
536:2024
501:2021
457:2024
418:2024
392:2024
384:WUNC
343:2023
318:2024
218:SC6
39:PLL
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.