Benzinga | Sep 1, 2021 07:07AM EDT

Piedmont Submits Application For North Carolina Mine Permit And Draft Application For U.S. Department Of Energy Loan

Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a multi-asset company focused on the integrated production of lithium hydroxide to support the North American electric vehicle supply chain, today announced it has submitted two applications related to the Company's Carolina Lithium Project.

On August 30, 2021, the Company filed its application for a North Carolina State Mining Permit with the N.C. Department of Environmental Quality's Division of Energy, Mineral and Land Resources.

Additionally, on August 31, 2021, the Company submitted a draft loan application to the U.S. Department of Energy's Loans Program Office for loan funding via the Advanced Technologies Vehicle Manufacturing ("ATVM") Loan Program. The ATVM has $17.7 billion in direct loan authority to provide funding to U.S. companies engaged in the manufacturing of fuel efficient, advanced technology vehicles and qualifying components supporting the automotive supply chain.

The timeline for the review and response with respect to each application is subject to the established processes and procedures of the respective responsible agency.