World News: 12:00 GMT Friday 11th January 2019. [Streetwise Reports Llc via Globe Newswire via SPi World News]
SAN FRANCISCO, Jan. 11, 2019 (GLOBE NEWSWIRE) -- , a lithium-focused energy company, recently announced that it has increased its exploration land position, bringing it to a total of 1,383 acres.
Company mentioned: .
The company's flagship project is the Piedmont Lithium Project in North Carolina. Piedmont Lithium's goal is to become "a strategic domestic supplier of lithium to the increasing electric vehicle and battery storage markets in the U.S."
President and CEO Keith Phillips said, "We continue to pursue our strategy of adding to our dominant land position in the Carolina Tin-Spodumene Belt (TSB). We have found high-grade mineralization in over 90% of the holes we've drilled on the TSB, and our expectation is that the larger our land position the larger our ultimate resource and mine life will be. We are particularly excited to add 18% to the size of our Core Property and are hopeful that we will be able to expand our mineral resource and mine life proportionately."
On January 9, Piedmont that it submitted a Section 404 Standard Individual Permit application to the U.S. Army Corps of Engineers, the lead federal agency for the permits, for the Piedmont Lithium Project. At the same time, it submitted a Section 401 Individual Water Quality Certification application to the North Carolina Division of Water Resources.
In mid-December, the company announced that NASDAQ had approved the change of the ticker symbol for the company's American Depositary Receipts (ADRs) to PLL from PLLL, matching its Australian Securities Exchange ticker.
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Globe Newswire: 12:00 GMT Friday 11th January 2019
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