'Generating massive amounts of cash flow' - Piedmont Lithium's Keith Phillips on critical metals M&A criticalmetalsMA PiedmontLithium KeithPhillips
- With lithium producers sitting on massive cash piles due to the run up in metal prices, the major industry players have an interesting set of choices, noted Piedmont Lithium's CEO Keith Phillips.Piedmont Lithium is advancing two lithium projects. It's 35%-owned Sayona Mining is expected to go into production during the first half of 2023. Sayona Quebec owns the past-producing North American Lithium, the Authier Lithium Project, and the Tansim Lithium project.
Piedmont also has added refining capacity coming online in the latter half of the decade with its Tennessee and Carolina projects, which will turn the company from a producer of spodumene concentrate into lithium hydroxide, which commands a higher premium. Phillips said that spodumene concentrate from Quebec and Ghana mines will help fund the construction of refining operations.
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