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North American Lithium Targets Full Production in 2024 Amid Lithium Ramp-Up Success

Piedmont Lithium (Nasdaq: PLL; ASX: PLL) and Sayona Mining have announced strategic advances in the North American Lithium (NAL) project, aiming for steady production within 2024.

Key Milestones in Lithium Production Ramp-Up

Piedmont Lithium and Sayona Mining, joint venture partners of NAL, celebrated exceeding process recovery targets and setting new production records in March 2024. With product quality consistently at 5.45% Li2O, the completion of key capital initiatives by Q2 2024 is set to significantly cut operating costs.

Strategic Importance of NAL to the Lithium Market

Keith Phillips, CEO of Piedmont Lithium, emphasized NAL’s role in bolstering North American lithium supply for the EV market. Despite market challenges, the expected completion of capital improvement projects will facilitate production boosts and cost reductions.

About Piedmont Lithium

Piedmont Lithium is developing an extensive lithium business, aiming to support the clean energy economy in North America. The company’s strategic partnerships in Quebec and Ghana underline its commitment to diversifying operations and enhancing America’s energy independence and transportation electrification.

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