Republican leaders had promised voters during the election they would cut the mining permit review timeline in half and boost domestic EV mining, rather than seek more supply overseas.
Company aims to increase its capacity to produce cathode battery materials and to broaden its range of products to meet rising demand from the EV sector.
Kurt Schlosser, former head of Tesla’s Australian operations, bought shares in Piedmont Lithium after becoming aware that Tesla had reached an agreement with the mining company.