Piedmont Lithium

What Piedmont Lithium does

Piedmont Lithium was a U.S.-headquartered (Belmont, North Carolina) lithium resource developer that built a portfolio spanning spodumene concentrate production and lithium hydroxide conversion, targeting battery manufacturers and electric vehicle producers. The company's underlying technology centered on hard-rock spodumene pegmatite mining and downstream chemical processing into battery-grade lithium hydroxide, with a stated ambition to lift U.S. domestic lithium supply by 30% by 2025 and to capitalize on an estimated 2.3 million metric tons of economically recoverable Appalachian lithium resources. Its asset portfolio included the Tennessee Lithium project (planned 30,000 metric tons/year of lithium hydroxide, funded in part by a $141.7M U.S. Department of Energy grant), the Carolina Lithium greenfield project in North Carolina's battery corridor, a partnership interest in Ghana's Ewoyaa project with Atlantic Lithium, and the Moblan and North American Lithium (NAL) assets that came into the combined entity following its 2024-2025 merger with Sayona Mining.

The company's revenue mechanics relied on direct offtake agreements with enterprise battery and EV customers (B2B sales-led motion) and government grant capture, with pricing governed by bilateral offtake contracts rather than public price discovery. Following an all-stock merger with Sayona Mining valued at ~$623 million announced in November 2024 and completed in August 2025, Piedmont Lithium ceased to exist as an independent operating entity and is now part of Elevra Lithium (ASX: ELV, Nasdaq: ELVR), a dual-listed lithium producer and developer with operating assets in Canada, the United States, Australia, and Ghana. NAL, the merged entity's flagship, is described as North America's largest producing lithium mine, with a JORC-compliant Mineral Resource of 95 million tonnes at 1.15% Li2O and a Mineral Reserve of 49 million tonnes at 1.11% Li2O. Leadership transitioned fully with the merger: founder-CEO Keith Phillips departed and subsequently joined Q2 Metals, while a new executive team (including EVP/COO David Klanecky, EVP/CFO Michael White, and EVP/CDO Patrick Brindle) runs the combined Elevra entity.

Name

Piedmont Lithium

Legal name

Piedmont Lithium Inc.

Website

https://piedmontlithium.com

Company type

Public

Founded year

2017

Operating status

Acquired

Headcount range

51–100 employees

Short description

Piedmont Lithium was a U.S.-based developer of spodumene and lithium hydroxide assets serving battery manufacturers and EV producers. Following its 2024-2025 merger with Sayona Mining, it operates as Elevra Lithium, a dual-listed producer-developer with assets across North America and West Africa.

Ownership category

akta.pro rank

Product category

Lithium Mining & Battery Materials

NAICS

Battery Manufacturing (33591)

akta.pro primary industry

Lithium Mining & Brine Extraction (IMAKAFAA)

akta.pro secondary industries

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Cathode Active Materials (CAM) Manufacturing (EUAFABAB)

Keywords

• Lithium mining
• Spodumene concentrate
• Lithium hydroxide production
• Battery materials supply
• Critical minerals

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Spodumene Concentrate Sales: Piedmont Lithium generates revenue through the sale of spodumene concentrate produced from its mining operations, sold to battery manufacturers and chemical processors in the EV supply chain.
2. Lithium Hydroxide Production: The Tennessee Lithium project was planned to produce 30,000 metric tons of lithium hydroxide annually for the battery and EV market.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Piedmont Lithium develops and operates lithium mining and processing projects, producing spodumene concentrate and lithium hydroxide for sale to battery manufacturers and electric vehicle producers. The company held a portfolio of lithium assets including North American Lithium (NAL) in Quebec, Carolina Lithium and the Tennessee Lithium project in the United States, Moblan in Quebec, and the Ewoyaa project in Ghana, supporting the domestic and allied lithium supply chain.

Product overview

Elevra Lithium (formerly Piedmont Lithium following its 2025 merger with Sayona Mining) operates as a dual-listed lithium producer and developer (ASX: ELV, Nasdaq: ELVR) with a portfolio spanning Canada, the United States, Australia, and Ghana. The company offers a vertically integrated lithium supply chain from spodumene mining to lithium hydroxide production, with key assets including North American Lithium (NAL) in Quebec, Carolina Lithium in North Carolina, Moblan in Quebec, and Ewoyaa in Ghana. The portfolio includes both producing operations (NAL as North America's largest producing lithium mine) and development-stage greenfield projects.

Differentiator

Problem solved

Functional benefit

Products and services

• North American Lithium (NAL)
• Carolina Lithium
• Moblan
• Ewoyaa
• Tennessee Lithium Project

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Atlantic LithiumcoreStrategic or Co-development Partner · 23 March 2026Piedmont Lithium partnered with Atlantic Lithium on the Ewoyaa Lithium Project in Ghana, which was granted the country's first lithium mining lease ratified by Parliament. The partnership aims to produce spodumene concentrate for electric vehicle batteries, with revised fiscal terms including a sliding scale royalty framework.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Albemarle Corporation: World's largest lithium producer with operations in Chile, Australia, and the U.S. (including Kings Mountain in North Carolina). Direct competitor in the same Appalachian region and the leading incumbent in U.S. lithium production.
• SQM (Sociedad Química y Minera de Chile): Major Chilean lithium producer with low-cost brine operations. A global benchmark for lithium pricing and cost structure, competing directly with Piedmont/Elevra in the battery-grade lithium market.
• Ganfeng Lithium: Largest Chinese lithium producer with integrated upstream and downstream operations, including hydroxide manufacturing. Sets the competitive ceiling on global lithium supply and pricing.
• Tianqi Lithium: Major Chinese lithium hydroxide producer with stakes in Australian and Chilean assets. Sets global hydroxide pricing and capacity benchmarks, directly competing with Elevra's hydroxide strategy.

Direct peers

• Arcadium Lithium (formerly Livent): Vertically integrated lithium chemical producer specializing in lithium hydroxide and carbonate. Combines with Allkem to form Arcadium, one of the largest integrated lithium chemicals players; directly comparable to Piedmont/Elevra's hydroxide strategy.
• Lithium Americas (Lithium Argentina / LAC): Developer of large-scale lithium projects including Thacker Pass in Nevada and past Argentine assets. Direct comparable as a Western-focused lithium developer targeting battery markets.
• Pilbara Minerals: Australian spodumene concentrate producer supplying global battery markets. Directly comparable as a hard-rock spodumene producer with similar offtake-driven business model.
• Atlantic Lithium: Partner of Piedmont on the Ewoyaa lithium project in Ghana. Comparable as a West African spodumene developer with similar project economics and downstream offtake relationships.
• Sigma Lithium: Brazilian hard-rock spodumene producer focused on battery-grade lithium concentrate. Comparable as an Americas-based hard-rock lithium developer serving EV supply chains.
• Sayona Mining: Australian-listed lithium miner that merged with Piedmont to form Elevra Lithium. Pre-merger, the two were directly comparable Quebec spodumene developers with overlapping North American strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/piedmont-lithium-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Piedmont Lithium