Piedmont announces ‘robust' DFS results for its Tennessee lithium project with NPV of $2.5 billion

- Piedmont Lithium today reported the results of a definitive feasibility study of the company's proposed Tennessee Lithium project in McMinn County, Tennessee.

Importantly, Piedmont pointed out that the model includes a Section 45X production tax credit of 10% under the Inflation Reduction Act of 2022 and assumes a credit of $141.7 million against project capital costs based on expected receipt of a U.S. Department of Energy grant. "Tennessee Lithium is positioned to be a key resource for EV and battery manufacturers," Phillips added."Through long-term supply agreements with our partners, we can source raw material from spodumene that we own or in which we have an economic interest, providing greater control of our feedstock while capturing the economics of integrated production."

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