Piedmont Lithium (PLL) Corporate Presentation summary

Strategic positioning and market trends

• Operates a diversified portfolio with projects in the US, Canada, and Ghana, offering near-term leverage to lithium prices and strong exposure to global EV growth.

• North American Lithium (NAL) is the continent's largest lithium operation, with a 25% stake and significant offtake rights.

• Projects are strategically located near major battery, EV, and cathode plants, benefiting from robust infrastructure and favorable regulatory environments.

• U.S. domicile enhances access to capital markets and government incentives, including the Inflation Reduction Act.

• Global EV sales and battery demand continue to rise, supporting long-term lithium demand and price recovery.

Project portfolio and economics

• Carolina Lithium: 100% owned, fully integrated 30,000 tpy LiOH operation in North Carolina, with state mining permit approved and projected low-cost production.

• Quebec: 25% interest in NAL, with offtake rights to 113,000 tpy SC at a price ceiling of $900/t, and ongoing optimization and reserve upgrades.

• Ghana: Earning 50% of Ewoyaa project, targeting 365,000 tpy SC production, low capex, and high IRR; awaiting mining lease ratification.

• Tennessee Lithium: 100% owned, planned 30,000 tpy LiOH facility, with key permits received and strategic offtake agreements in place.

• Combined after-tax NPV for major projects exceeds $6.8 billion, with strong EBITDA and rapid payback periods.

Supply chain, customer agreements, and catalysts

• U.S. battery plants expected to require ~40x current domestic LiOH capacity, highlighting supply-demand gap.

• Long-term supply agreements with LG Chem and Tesla, leveraging market-based pricing and securing offtake for key projects.

• 2024 catalysts include securing project finance, strategic partnerships, and transitioning offtake to long-term customer deliveries.

• Recent drilling at NAL indicates potential for reserve upgrades and mine life extension.

• Byproduct credits from quartz, feldspar, and mica enhance project economics and serve additional markets.