PIEDMONT LITHIUM SELECTS TENNESSEE FOR NEW LITHIUM HYDROXIDE...

PIEDMONT LITHIUM SELECTS TENNESSEE FOR NEW LITHIUM HYDROXIDE PROJECT

‘Tennessee Lithium’ expected to be the largest lithium hydroxide plant in the
United States
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• The Tennessee Lithium project will be located in Etowah, McMinn County, Tennessee
• Planned production of 30,000 metric tons per year of lithium hydroxide
• Lithium concentrate to be sourced principally from Piedmont’s international project investments
• Leading firms Kiewit Engineering Group Inc. (“Kiewit” and Primero Group (“Primero” to perform Front End Engineering Design
• Definitive Feasibility Study (“DFS” for the Project expected by the end of 2022
• First production targeted for 2025

BELMONT, NC, September 1, 2022 – Piedmont Lithium (“Piedmont” (Nasdaq: PLL; ASX: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV” supply chain, today announced the selection of Etowah, Tennessee in McMinn County as the location of the Company’s planned 30,000 metric ton per year (“tpy” LHP-2 lithium hydroxide operation (“Tennessee Lithium” or “Project”. With a planned completion and start of production in 2025, the Company believes Tennessee Lithium will be the largest lithium hydroxide processing facility constructed in the United States. The Project is expected to convert spodumene concentrate sourced principally from Piedmont’s international project investments to significantly expand the U.S. supply of lithium hydroxide, a key component in the manufacturing of EV batteries.

“Companies like Piedmont Lithium choose to call Tennessee home because of our unmatched workforce and strong business climate,” said Tennessee Governor Bill Lee. “I thank this company for its investment in McMinn County and commitment to create nearly 120 manufacturing jobs for Tennesseans.”

“We are excited to announce the site of our newest project and partnership with the City of Etowah in McMinn County, and the State of Tennessee, as we advance our strategic goal of becoming a leading lithium supplier in the United States,” said Keith Phillips, President and Chief Executive Officer of Piedmont Lithium. “We are humbled by the warm welcome we have received from our new partners, and we look forward to making Piedmont an integral part of the Etowah and McMinn County communities as we develop Tennessee Lithium together for our mutual success.”

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