LG Chem investing $75M in Piedmont Lithium; 200,000mt spodumene concentrate offtake agreement
Green Car Congress
FEBRUARY 17, 2023
LG Chem will purchase 1,096,535 newly-issued shares of Piedmont common stock at an approximate price of $68.40 Piedmont has also agreed to provide LG Chem priority negotiation rights for 10,000 metric tons per year of lithium hydroxide produced by the Company at either of its proposed facilities in Tennessee or North Carolina.
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