Piedmont Lithium ( NASDAQ: PLL ) -1% in early Monday trading following news that North Carolina regulators have given the company a second extension to submit documents for its application to build one of North America's largest lithium mines.
Last June, Piedmont ( PLL ) sent regulators more than 1,000 pages of documents related to how the proposed mine could affect water table levels, sewage systems and wildlife, but then asked for an extension to January 8 for the rest of the material, citing delayed lab test results and wastewater analysis; the company asked last month for the deadline to be extended until May 1.
The company said in a letter to state officials that a municipal wastewater treatment facility was studying its ability to "treat the proposed flow of water" from the mine.
Piedmont ( PLL ) also plans to build a lithium processing facility in Tennessee, for which it was given a $141M grant by the U.S. Department of Energy last year .
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Piedmont Lithium gets another extension from North Carolina to file documents