Piedmont CEO Interview, page-2

• He re-asserts that the Sayona's contract has a floor and a ceiling. So at least at this point we need to think of 1/2 of our combined NAL / Authier Spod will be capped at $900. Happy to hear anyone else's take on what was said here.

Other Notes -

• More sites in Quebec are being looked at especially if hey have no desire to convert to hydroxide themselves. (James Bay)
• Sounds like Quebec will be the hydroxide hub and piedmont will participate in a large scale plant
• Will not receive their state mining permits til 2022 - pushes timing farther out
• NAL may begin as a stand alone and then later blend with NAL later
• Ford / SK will need more hydroxide than could be made with all of the known spodumene in North America.
• Says between Sayona, PLL and iron ridge that they will control 500k tones in spodumene resource. I don't quite get the math, but perhaps between IRR and PLL they can make 380k tones.