Creation of Abitibi Hub in Qu�bec for Lithium Projects

• Piedmont Lithium and Sayona Mining (ASX:SYA) complete acquisition of North American Lithium
• Combining Authier and NAL creates a potential lithium production hub in the Abitibi region of Qu�bec
• Studies underway for future restart of lithium production in Qu�bec
• Evaluation of alternatives for Qu�bec-based lithium hydroxide manufacturing commencing

BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (Nasdaq: PLL, ASX: PLL) is pleased to announce that Sayona Qu�bec has completed its acquisition of North American Lithium Inc. (�NAL�) pursuant to the Share Purchase Agreement previously announced on June 30, 2021. Sayona Quebec is 25% owned by Piedmont Lithium and 75% owned by Sayona Mining. Piedmont Lithium is Sayona Mining�s largest shareholder at 18.8%.

Piedmont and Sayona are now advancing technical studies for the future restart of NAL�s spodumene concentrate operations, with a Scoping Study expected in H2 2021. Additionally, studies have commenced for the manufacturing of lithium chemicals in the Province of Qu�bec, which could position the province to become an important lithium hydroxide production center given its abundant mineral resources, low-cost, sustainable hydro-electric power, proximity to major U.S. and European electric vehicle markets, and pro-electrification stance of provincial leaders.

Keith D. Phillips, President and Chief Executive Officer, commented: �We are very pleased to have partnered with Sayona in the consolidation of the spodumene resources in the Abitibi region of Qu�bec, with Sayona Qu�bec now comprising a large Canadian lithium resource base. Importantly, North American Lithium is a past-producing business with $400mm of investment over the past decade. NAL�s concentrate operations are amenable to a relatively rapid restart and we will work with Sayona to develop suitable plans in that regard. We are also evaluating a variety of options for production of lithium hydroxide in Qu�bec and will update the market further as our plans crystallize. Piedmont intends to become North America�s leading lithium hydroxide producer and our Qu�bec investments are an ideal complement to our flagship Carolina Lithium Project in Gaston County, North Carolina.�

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Contacts

Keith Phillips
President & CEO

T: +1 973 809 0505

E: [email protected]

Brian Risinger
VP - Investor Relations and Corporate Communications

T: +1 704 910 9688

E: [email protected]