ASX RELEASE | January 17, 2018 | ASX
LL; OTC-Nasdaq
LLLY
PIEDMONT LITHIUM LIMITED 50 002 664 4953
www.piedmontlithium.com
+61 8 9322 6322 +61 8 9322 6558
[email protected]
Registered Office
Level 9, 28 The Esplanade
PERTH WA 6000
New York Office
6 E 46th Street, 3rd Floor
NEW YORK NY 10017
US POLICY CHANGES ON CRITICAL MINERALS AND CORPORATE TAXES REINFORCE CORE ADVANTAGES OF THE PIEDMONT LITHIUM PROJECT
Piedmont Lithium Limited (ASX: PLL, OTC: PLLLY) (“Piedmont” or “Company”) is pleased to acknowledge two important US federal policy changes announced in late-2017 that reinforce the strategic and financial benefits of the Company’s unique location within the world-class Carolina TinSpodumene Belt (“TSB”) in North Carolina, USA.
On December 20, 2017, President Donald Trump signed an Executive Order announcing that “It shall be the policy of the Federal Government to reduce the Nation’s vulnerability to disruptions in the supply of critical minerals, which constitutes a strategic vulnerability for the security and prosperity of the United States.” Lithium is one of the 23 critical mineral resources previously-identified by the United States Geological Survey.
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, which will reduce the US corporate tax rate from 35% to 21%, while also allowing for accelerated depreciation of eligible capital expenditures.
https://hotcopper.com.au/threads/an...es-of-piedmont-lithium.3966020/#post-30362984
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