Piedmont Lithium to Continue Support of North American Lithium JV

Dow Jones04-09

By Chris Wack

Piedmont Lithium said Tuesday that, following a detailed operational review, the joint venture partners of North American Lithium have agreed to complete several ongoing capital project initiatives and continue operations.

North American Lithium plans to complete ramp-up activities to achieve steady state production within 2024.

Piedmont owns 25% of North American Lithium, and Sayona Mining owns the other 75%.

Production at NAL began in March 2023, and the operations have been undergoing steady improvement. Process plant recoveries are now exceeding internal expectations. March month-to-date lithium recoveries were 69%, exceeding the ramp-up target of 67%, with global recovery of 62% during the July 2023 through March 2024 period.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 09, 2024 07:10 ET (11:10 GMT)

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