Piedmont Lithium applied for a mining permit for its Carolina project and applied for a loan

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(Kitco News) – Piedmont Lithium (ASX: PLL) announced Thursday that the company had filed an application for a North Carolina mining permit with the North Carolina Department of Environmental Quality Division of Energy, Minerals and Lands on August 30, 2021.

Piedmont said that additionally on August 31, 2021, the company submitted a draft loan application to the US Department of Energy’s Loan Program Office to finance the loan through the Advanced Vehicle Technology Lending (ATVM) Program.

ATVM has a $ 17.7 billion direct lending authority to provide funding to US companies manufacturing fuel-efficient, high-tech vehicles and related components that support the automotive supply chain.

The processing and response times for each application are governed by the established processes and procedures of the respective responsible agency, as the company noted in its application.

“Applying for a North Carolina Mining Permit is an important and necessary step in advancing our Carolina lithium project in Gaston County, North Carolina,” said President and CEO Keith Phillips.

“And as we are considering various funding sources for our lithium project in Carolina, we are delighted to be able to participate in the ATVM loan program. This program has been specifically designed to help companies like ours that are working to build an internal source. components and materials to support the US electric vehicle supply chain, ”added Phillips.

Disclaimer: The views expressed in this article are those of the author and may not reflect the views Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee this accuracy. This article is for informational purposes only. This is not a call for the exchange of goods, securities, or other financial instruments. Kitco Metals Inc. and the author of this article is not responsible for loss and / or damage arising from the use of this publication.

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