Piedmont Lithium submits mine allow for its Carolina undertaking, applies for mortgage funding

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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.

Disclaimer: The views expressed on this article are these of the creator and should not replicate these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of knowledge offered; nonetheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It isn’t a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from using this publication.

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