"President and CEO Keith D. Phillips commented, “Piedmont’s partnership with Sayona will provide multiple benefits. Sayona has high quality asset in a favorable location, and the investments are being made at an attractive valuation. The investments are additive to Piedmont from a resources and reserves perspective, and the spodumene supply agreement will offset our Tesla commitments in the near term and position us for longer term growth in lithium hydroxide production. Furthermore, Sayona’s pursuit of the brownfield assets of NAL offers a unique regional consolidation opportunity.”
https://www.*****.com/news/2021-01-11/Sayona-Mining-shares-soar-on-strategic-investment-from-Piedmont-Lithium.html
Ann: Piedmont Lithium Invests In Sayona - Strategic Partnership, page-196
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