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Tennessee lithium project receives final permit required to begin construction - Piedmont

Kitco Media
By Vladimir Basov
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(Kitco News) - Piedmont Lithium (Nasdaq: PLL) announced today it received from local authorities a Conditional Major Non-Title V Construction and Air Permit for the company’s proposed Tennessee Lithium project in McMinn County, Tennessee.

In a statement, Piedmont said that with receipt of the Air Permit for the planned 30,000 metric ton per year lithium hydroxide manufacturing plant, the company now holds all the material permits required to begin construction at Tennessee Lithium.

“The Air Permit issuance marks an important step in developing the approximately $800 million project, which will help significantly bolster the current U.S. lithium hydroxide production capacity of approximately 17,000 tpy,” it added.

Piedmont Lithium also noted it previously announced robust project economics for Tennessee Lithium in a definitive feasibility study (DFS) released in April of this year.

“With a project net present value of $2.5 billion and internal rate of return of 32%, the DFS underscored the positive impact of America’s clean energy policies and the value of the company’s hard-rock production strategy,” Piedmont said.

In addition, in October 2022, Tennessee Lithium was selected by the United States Department of Energy to receive a $141.7 million grant to support the construction of the project.

Tennessee Lithium’s construction is targeted for 2024 with first production in 2026.

Piedmont Lithium said it is developing a world-class, multi-asset, integrated lithium business. The company’s goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where it holds an economic interest.

Piedmont’s projects include its Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining and in Ghana with Atlantic Lithium.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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