Piedmont Lithium and LG Chem Sign Equity Investment and Binding Offtake Agreements

Feb 16, 2023

Piedmont Lithium Inc. (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today announced that it has signed agreements with LG Chem, Ltd. (“LG Chem”), under which LG Chem will make a $75 million equity investment in Piedmont (“Subscription Agreement”) and commit to the offtake of 200,000 metric tons of spodumene concentrate (“SC6”) from Piedmont’s jointly-owned North American Lithium (“NAL”) over a four-year term (“Offtake Agreement”).

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