Reuters is not holding back in this article.PLL is almost...

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Yk84

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06/09/24

13:36

Post #: 75560930
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Originally posted by Y4ukikmycow: ↑

And gotta luv this as well...

Piedmont last month cancelled its Tennessee project - which had received all necessary permits - and said it would now plan to build two refineries in North Carolina, where the company received a state mining permit in April but must still obtain a zoning variance from the Gaston County Board of Commissioners.

Piedmont has not applied for the variance and commissioners will not consider any change until 2025 at the earliest, a delay from previous expectations for the process to start two months ago.Phillips, the CEO, told investors last month he does not know when the North Carolina site could open.

"Our board's issues with Piedmont have never been about the EV transition, but about our lack of trust in the company and its project," said Chad Brown, chair of the county board of commissioners.

Phillips and Brown plan to meet on Sept. 11, their first face-to-face meeting since 2021. Piedmont would have to amend its state mining permit if it makes significant changes to its operational plans, state officials told Reuters.

In Quebec, Piedmont is a minority investor in Sayona Mining's (SYA.AX), opens new tab North American Lithium project. The project is Piedmont's only source of cash, a reliance that in part led Macquarie analysts last month to downgrade the company's stock.

Piedmont is also the second-largest shareholder in Atlantic Lithium(A11.AX), opens new tab, which is developing a mine in Ghana that needs approval from the country's parliament. Piedmont has been selling its Atlantic shares to boost cash reserves, data from financial firm LSEG showed.

So based on this news Piedmont would be broke or absolutely up shet creek if it wasnt for Sayona still feeding the leach attached...who is running Sayona maybe people will start to look over the fence and see what the BoD's of Sayona are actually doing and from were l sit the are definitely not working for or in the best interests of Shareholders and its even more reason they should be shown the door at the next AGM.

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Reuters is not holding back in this article.
PLL is almost finished.
Our incapable BOD and finish them completely but will not do so.
So come AGM these DONKEYS will be shown the door.
This is what happens when a banker tries to become over ambitious and thinks that he can have a mine or a refinery.

SYA Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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Last 3.3¢		Change 0.002(6.45%)		Mkt cap ! $334.5M

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