- Business
- Piedmont Lithium Inc. (ASX:PLL), now operating as a subsidiary of Elevra Lithium following its September 2025 merger with Sayona Mining Ltd., develops and explores lithium resource projects focused on spodumene concentrate production and lithium hydroxide manufacturing to support the global energy transition. The company holds a 100% interest in the Carolina Lithium Project, a multi-phase integrated operation in Gaston County, North Carolina, within the historic Carolina Tin-Spodumene Belt, encompassing approximately 3,700 acres for mining, spodumene concentration, and lithium hydroxide conversion with planned capacity of 30,000 metric tons annually per train for a potential total of 60,000 metric tons; it also owns real properties in Bessemer City and Kings Mountain, North Carolina, and maintains equity interests in projects including the Ewoyaa Lithium Project in Ghana with Atlantic Lithium and the North American Lithium operation in Quebec through Elevra. Piedmont Lithium produces high-grade spodumene concentrate and aims to become a leading North American supplier of battery-grade lithium hydroxide, leveraging by-product recovery of quartz, feldspar, and mica; its operations target electric vehicle battery supply chains, emphasizing low-cost production, sustainability via innovative processing technology, and proximity to U.S. battery customers and infrastructure in the battery belt. Founded in 2016 and headquartered in Belmont, North Carolina, the company received its key mining permit for Carolina Lithium in May 2024 after state approval in April, advancing Phase 1 development amid funding discussions and local rezoning efforts; it completed the transformative all-stock merger with Sayona Mining in September 2025 to form Elevra Lithium, consolidating North American and international lithium assets including NAL's producing Quebec mine with 95 million tonnes mineral resource; prior plans included a $582 million lithium hydroxide facility in Tennessee, though current emphasis lies on Carolina Lithium progression and global spodumene supply. Piedmont Lithium operates primarily in the United States with international joint ventures in Canada, Ghana, and Australia, serving markets reliant on domestic critical minerals amid U.S. energy security initiatives like the Inflation Reduction Act.