The share price of Piedmont Lithium (ASX:PLL) gained as much as 10.3% to A$1.070 per share, its highest since 3 March 2021.
The lithium firm has launched Definitive Feasibility Study (DFS) for its integrated lithium hydroxide project in North Carolina, US.
The Company added that DFS will be including Finland-based Metso Outotec’s MOCORP.HE alkaline pressure leach technology. PLL says that with Metso Outotec’s technology, air emissions from chemical operations are expected to be reduced compared with prior studies.
The feasibility study is likely to get completed in Q3 2021.
The stock has climbed 165.8% this year, as of the last close.
Meanwhile, PLL was quoted up 9.020%, at A$1.057 per share, with market capitalisation at A$1.35 billion.