Piedmont Lithium pulls U.S. government loan application – Reuters

Piedmont Lithium (NASDAQ:PLL) -2.1% in early trading Thursday following a Reuters report that the company has canceled its application for a debt package from the U.S. Department of Energy’s Loan Programs Office due in part to costs associated with the process.
The move, which comes after Piedmont (PLL) ended plans for a Tennessee lithium project that had received a $141M government grant, is raising questions about where the company hopes to secure financing for its flagship North Carolina project, projected to cost more than $1B.
Piedmont Lithium (PLL) CEO Keith Phillips told Reuters the company does not feel