Piedmont Lithium is an emerging lithium company.
Piedmont Lithium is an emerging lithium company focused on the development of its 100%-owned Piedmont Lithium Project in North Carolina, with the goal of becoming a strategic domestic supplier of lithium to the increasing electric vehicle and battery storage markets in the U.S.The Piedmont Lithium Project is located in one of the premier regions in the world for lithium exploration, given its favorable geology and ideal location with easy access to infrastructure, power, R&D centers for lithium and battery storage and major high-tech population centers.From the 1950s to 1990s, two major lithium mines operated in this region as well as two significant lithium processing facilities which continue to supply lithium products to U.S. customers today and are located within 20km of the Piedmont Lithium Project.With continued land expansion, sampling and drilling programs scheduled during 2018, their aim is to fast track the Piedmont Lithium Project towards production as a fully-integrated domestic source of lithium and capitalize on the widely anticipated shortfall of lithium in global markets over the next decade.Their leadership team’s successful mining ventures include a multi-decade track record of creating wealth for shareholders in mining ventures, experience in building top-tier management teams in the U.S. and the proven ability to fund exploration and development stage opportunities.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Oct 19, 2022 | Grant | $141.70M | 1 | US Department of Energy | — | Detail |
Investor Name | Lead Investor | Funding Round |
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US Department of Energy | Yes | Grant |