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(Kitco Information) – Piedmont Lithium (ASX:PLL) introduced Thursday that on August 30, 2021, the corporate filed its utility for a North Carolina State Mining Allow with the N.C. Division of Environmental High quality’s Division of Vitality, Mineral and Land Assets.
Piedmont mentioned that moreover, on August 31, 2021, the corporate submitted a draft mortgage utility to the U.S. Division of Vitality’s Loans Program Workplace for mortgage funding by way of the Superior Applied sciences Car Manufacturing (“ATVM”) Mortgage Program.
The ATVM has $17.7 billion in direct mortgage authority to supply funding to U.S. firms engaged within the manufacturing of gas environment friendly, superior know-how autos and qualifying parts supporting the automotive provide chain.
The timeline for the assessment and response with respect to every utility is topic to the established processes and procedures of the respective accountable company, the corporate famous in its assertion.
“Submitting our mine allow utility with the State of North Carolina is a vital and obligatory step in advancing our Carolina Lithium Venture in Gaston County, North Carolina,” mentioned President and CEO Keith Phillips.
“And as we think about a spread of funding sources for our Carolina Lithium Venture, we’re excited in regards to the chance of taking part within the ATVM Mortgage Program. This program was particularly designed to help firms like ours which might be working to assist construct a home supply of parts and supplies to assist the electrical automobile provide chain within the U.S.,” added Phillips.
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