Piedmont Lithium has signed a strategic land acquisition agreement with local landowners in the Carolina Tin-Spodumene Belt (TSB) in North Carolina, US, to increase its lithium mineral rights by 188 acres.

The newly acquired land adjoins a 57-acre parcel already under option by the company, creating a 245-acre land package close to the former Hallman-Beam mine and near the company’s current Phase III drilling programme.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The company noted that it has identified areas of multiple spodumene bearing float blocks during initial prospecting at the new property, and has submitted grab samples for analysis.

In order to identify high priority drill targets, the company intends to start prospecting and soil sampling in the near-future.

Piedmont president and chief executive officer Keith Phillips said: “This land acquisition is highly strategic because the property is located on-trend and immediately south of the historic Hallman-Beam mine, one of the world’s largest sources of lithium from the 1950s to the 1990s.

“The property is located on-trend and immediately south of the historic Hallman-Beam mine, one of the world’s largest sources of lithium from the 1950s to the 1990s.”

“In combination with 57 adjacent acres we already control, we now have a 245-acre package, which could serve as a second core mining area for the company, possibly enabling us to significantly increase the size of our lithium project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Our geologists are excited about the prospects on the new land and will be designing a drill programme in the near-future.”

With the acquisition, the company has increased the land position at its Piedmont Lithium Project by 20% to a total of 1,092 acres within the TSB.

Originally, the project was explored by Lithium Corporation of America and was later acquired by US-based chemical manufacturing company FMC.

Piedmont aims to accelerate its land consolidation strategy throughout this year in order to support the integrated lithium project the company intends to develop.