Piedmont Lithium with a mining permit for the deposit outside Charlotte

Mining permit

Tesla supplier, Piedmont Lithium was granted a mining permit for the deposit outside Charlotte. The decision as well as posting the $1 mln reclamation bond removes one of the obstacles from Piedmont’s. The approval for the expansion of the open pit mine which should reach 152 m deep, was granted despite neighbors’ concerns on the subject of environmental impact. Due to this, the project was under long-term fire, however this investment. will be one of the few lithium-producing sites in the US.

Financing

According to Reuters, the company has to obtain a local zoning variance and finance for the project. The estimated cost is more than $1 billion. The company has applied for the load via the U.S. Department of Energy program. Moreover Piedmont has to pay the reclamation bond. Keith Phillips has indicated that the company ”is taking steps to put the bond in place as soon as possible”.

Conditions

The must-have condition of obtaining the permit is that the company has to conduct regular water quality and water table level tests. Moreover, the waste storage pit must be lined with synthetic liner.

Piedmont must also receive a zoning variance from officials in Gaston County