The initial five-year agreement will see Piedmont supplying about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. Both companies can then extend the deal for another five years.
Piedmont shares climbed as much as 90% to A$0.285 intra-day on the ASX, a 13-year high for the company. They closed at 0.28, leaving the company with a market cap of A$124.86 million
More to come…
