- Piedmont Lithium has partnered with Ion Carbon & Minerals to market the quartz, feldspar and mica produced at its Piedmont Lithium Project in North Carolina
- The companies will leverage Ion’s extensive client base in the U.S. to access regional minerals industries
- Reportedly, the demand for quartz, feldspar and mica is growing in the southeast of the U.S. which positions Piedmont’s project as a likely supplier
- Piedmont Lithium’s shares are up 4.55 per cent today, with shares trading at 11.5 cents apiece
Piedmont Lithium has partnered with Ion Carbon & Minerals to market the quartz, feldspar and mica produced at its Piedmont Lithium Project in North Carolina.
The partnership was executed through a letter of intent which set out the key terms of Piedmont’s and Ion’s by-product marketing partnership.
The partnership will have exclusive rights to market quartz, feldspar and mica production from Piedmont Lithium under a formal marketing agreement to be prepared on mutual terms and conditions.
The agreement is for an initial five years however there is the option to extend for an additional five years.
Ion is a wholly-owned subsidiary of the AMCI Group. AMCI is a leading specialist natural resources investor and marketer with a long-standing record of success across a range of commodities.
Ion has an extensive client base in North America which the companies will leverage to gain access to regional industrial minerals markets.
Piedmont CEO and President Keith D. Phillips stated quartz, feldspar and mica made up a significant portion of the revenue for lithium mines in North Carolina between the 1950s and 1990s.
“These are significant and growing markets, particularly in the southeast where much of America’s glass, ceramics and building products production is based,” Keith said.
“Piedmont is ideally located to enter these markets and should be a low-cost producer given the by-product nature of our activities,” he continued.
Ongoing test work at SGS Lakefield will produce commercial by-product samples from Piedmont ore for delivery to prospective customers.
The company hopes to secure customer relationships over the course of 2020 to provide a greater understanding of the positive economic impact that by-products may have on its project.
Piedmont Lithium’s shares are up 4.55 per cent today, with shares trading at 11.5 cents apiece as at 12:27 pm AEDT.