Piedmont Lithium, Inc.

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There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.

We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.

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The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com

Reuters reported on July 20, 2021 that a majority of county officials in Gaston County, North Carolina say they may delay or block Piedmont’s plan to build the largest lithium mine in the U.S., as a result of Piedmont failing to inform them of any potential environmental impacts, including effects on noise, dust, vibrations, water and air quality.

Piedmont has repeatedly delayed the process, despite promising investors as early as 2018 that it would obtain permits by 2019. Piedmont cancelled a planned meeting with county commissioners in March 2021, with three days’ notice, leading one commissioner to say, “This has been the worst rollout of a project from a company I’ve ever seen.” Piedmont has previously told investors it was “not aware” of any potential roadblocks to receiving permitting, despite the fact that they had not yet presented any information to the county government.

In 2020, Piedmont signed a deal with Tesla, causing its stock to skyrocket, with its proposed mine on track to be the largest lithium mine in the US.