Piedmont Lithium

Low-Cost Lithium Hydroxide Project in North Carolina's Lithium Hub

This Piedmont Lithium profile is part of a paid investor education campaign.*

PLL:US

Piedmont Lithium

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Overview

Overview

Piedmont Lithium (ASX:PLL, NASDAQ:PLL) is an exploration company that's jump-starting lithium production in North Carolina's prolific Carolina Tin-Spodumene Belt. The project features 3 sub-properties: Core, Central and Sunnyside. A 2019 scoping study projected output of 160,000 tonnes/year of spodumene concentrate, leading to a binding 5-year agreement with Tesla to supply lithium hydroxide for high-nickel batteries.

Highlights

  • Piedmont Lithium is a lithium exploration and development company whose flagship project is located in the Carolina Tin-Spodumene Belt (TSB) with projected output that has helped secure a binding 5-year agreement with Tesla.
  • The Carolina Tin-Spodumene Belt (TSB) region in North Carolina is a leading source of battery-grade lithium hydroxide for electric vehicles. One of the 3 largest lithium-bearing pegmatite deposits in the world, it can support a low-cost spodumene to lithium hydroxide operation.
  • Piedmont Lithium is capable of producing 160,000 tonnes spodumene concentrate annually, the preferred feedstock for lithium hydroxide required in high-nickel batteries. The agreement with Tesla is expected to generate 10-20% of projected revenues.
  • The project is one of only four in the world converting spodumene into battery-grade lithium hydroxide, already attracting institutional investors such as Australian Superannuation Fund (AusSuper) and Fidelity.
  • A pre-feasibility study (PFS) was released on the Piedmont Lithium Project in 2020. The PFS confirmed that a plant would be capable of converting spodumene concentrate into battery-grade lithium hydroxide, positioning the company as a leading low-cost producer.

Management Team

Keith D. Phillips — Managing Director, CEO and Director

Appointed on July 6, 2017, Keith Phillips has a career on Wall Street spanning 30 years during which he has worked on strategic and financing transactions representing over $100 billion in aggregate value. He was most recently a Senior Advisor with merchant banker Maxit Capital, after leading the mining investment banking teams for Merrill Lynch, Bear Stearns, JPMorgan and Dahlman Rose. Phillips has worked with numerous mining companies, including many established global leaders, and has dedicated most of the past decade to advising exploration and development-stage companies in achieving their strategic objectives, with a particular focus on obtaining relevance in the US capital markets. He received his Master of Business Administration from the University of Chicago and a Bachelor of Commerce from Laurentian University in Canada.


Patrick H. Brindle — VP Project Management

Patrick Brindle has over 18 years of experience in the development of US and global mining operations, minerals processing plants and materials handling projects. He has expertise in all phases of project development from concept design, pre-feasibility and feasibility study, detailed design engineering, construction and commissioning, including EPC projects in North and South Carolina. He most recently worked as Vice President of Engineering for DRA Taggart in Pittsburgh, Pennsylvania, and has a B.S. in Environmental Science and a B.S. in Civil Engineering from Virginia Tech.

Lamont Leatherman — Chief Geologist

Lamont Leatherman is an exploration geologist with over 25 years of experience. He is the former project geologist for BHP Minerals and Noranda. He has extensive experience in numerous styles of mineralization including lithium-bearing pegmatite systems.

David Buckley — VP and Chief Process Engineer

David Buckley is a 25-year veteran of the lithium business, having worked most recently as Chief Process Engineer of Quebec-based Critical Elements Corporation after senior positions with FMC's Lithium Division and Albemarle (former Rockwood Lithium). He has extensive experience in lithium extraction from both hard rock resources and lithium bearing brines. He also brings experience in converting the extracted lithium into lithium carbonate, lithium hydroxide and other downstream lithium chemicals. He has a B.S. in Chemical Engineering from Virginia Tech.


Bruce Czachor — VP and General Counsel

Bruce Czachor is a former partner of major international law firm Shearman & Sterling, and brings almost 30 years of experience in corporate governance, securities, M&A and commercial transactions. He has represented a range of clients from start-ups to Fortune 500 companies, and he has extensive experience in the mining industry and with initial US listings. He earned his B.A. from Binghamton University and his Juris Doctor from New York Law School.

Gregory (Greg) Swan — Corporate Secretary

Gregory Swan is a Chartered Accountant and Chartered Secretary. He commenced his career at a large international Chartered Accounting firm and has since worked in the corporate office of a number of listed companies that operate in the resources sector. He was appointed Corporate Secretary of the company on October 31, 2012.

Ian Middlemas — Non-Executive Chairman

Ian Middlemas is a Chartered Accountant, a member of the Financial Services Institute of Australasia and holds a Bachelor of Commerce degree. He worked for a large international Chartered Accounting firm before joining the Normandy Mining Group where he was a senior group executive for approximately 10 years. He has had extensive corporate and management experience and is currently a director with a number of publicly-listed companies in the resources sector. Middlemas was appointed a Director of the company on September 14, 2009.


Anastasios (Taso) Arima — Executive Director

Anastasios Arima is a resource company executive with a strong history of identifying company-making resource projects. He has extensive experience in the formation and development of resource projects in North America. He is currently Executive Director of Paringa Resources Ltd., which is developing a coal project in the US, formerly Executive Director of Coalspur Mines Ltd., which is developing a coal project in Canada, and Prairie Mining Ltd., which is developing a coal project in Poland. He was instrumental in the identification and acquisition of all of Paringa's and Coalspur's projects, as well as the corporate strategy and marketing of the companies.

Jeff Armstrong — Director

Jeff Armstrong resides in Charlotte, North Carolina where he is actively engaged in the community and has extensive relationships with major corporations and entrepreneurs alike. He serves as CEO and Managing Partner of North Inlet Advisors LLC, a firm providing strategic and financial advice to companies on capital formation, mergers, acquisitions, divestitures, restructurings and other corporate transactions.

Armstrong was previously a senior leader in what is now Wells Fargo's Investment Bank for nearly a decade, where his leadership roles included the Head of Corporate Finance, mergers and acquisitions, private equity coverage and leveraged capital groups. He also worked as an investment banker for Citigroup from 1994 to 1999, and for Morgan Stanley from 1987 to 1994. Armstrong graduated from the University of Virginia with a B.S. in finance and marketing from the McIntire School of Commerce and an MBA from the Darden School of Business.

Jorge M. Beristain — Director

Jorge Beristain recently accepted a new position as CFO with CS&W, a wholly-owned subsidiary of Ryerson Corp (RYI.N). RYI is the second-largest service center with over 100 locations in the US, Canada and Mexico supplying carbon and stainless steel, aluminum, red metals and semi-fabricated products to the machinery, transport, consumer durables, food processing, construction and energy sectors. Beristain retired as Managing Director and Head of Deutsche Bank's Americas Metals & Mining equity research, where he was consistently ranked by institutional investors as one of the top analysts in the US.


Levi Mochkin — Director

Levi Mochkin has been an executive director and key leader of the Ledger Holdings Pty Ltd. Group (the Ledger Group), located in Melbourne, Australia. He has been in the resources sector for over 30 years advising companies, identifying projects and raising capital of over $800 million for mining projects. Ledger Holdings PTY LTD assists PLL with business development. Mochkin was appointed a Director on April 3, 2006.

Jim Nottingham – Senior Member, Management Team

Mr. Nottingham has joined Piedmont as Senior Project Manager – Concentrate Operations. Jim brings extensive project management, construction, mine management and process plant operations management experience to Piedmont from his 30+ years' operating in the mining industry. Mr. Nottingham received his BS in Mining and Mineral Engineering from West Virginia University.

Malissa Gordon – Senior Member, Management Team

Ms. Gordon joined Piedmont in 2020 as Manager Community and Government Relations. Malissa most recently spent over 12 years with the Gaston County (North Carolina) Economic Development Commission. Ms. Gordon brings deep local roots to the Piedmont team with strong connections to community leaders, non-profit and business organizations. Ms. Gordon received her BS in Corporate Communications from Western Carolina University.

John "Pratt" Ray- Senior Member, Management Team

Mr. Ray joined Piedmont in 2020 as Production Manager – Chemical Operations. Pratt has deep experience in the production of lithium hydroxide and carbonate, both from spodumene and brine sources, having spent almost 30 years in production and operating roles at Livent's Bessemer City, North Carolina lithium chemical facility.

Brian Risinger – Senior Member, Management Team

Mr. Risinger has joined Piedmont as Vice President – Corporate Communications and Investor Relations. Brian has over 20 years' experience in similar roles, having served most recently as director of marketing, corporate communications, and investor relations for Sonoco Products Company, one of the world's largest paper and packaging companies. Mr. Risinger is a graduate of the Darla Moore School of Business at The University of South Carolina.

*Disclaimer: This profile is sponsored by Piedmont Lithium ( PLL:US ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Piedmont Lithium in order to help investors learn more about the company. Piedmont Lithium is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Piedmont Lithium and seek advice from a qualified investment advisor.

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