# EDGAR Filing Document

**Accession Number:** 0001728205
**File Stem:** 0000000000-23-001433
**Filing Date:** 2023-2
**Character Count:** 10096
**Document Hash:** df13ce6f717cc9396b173dc9d2915dca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001433.hdr.sgml**: 20230605

**ACCESSION NUMBER**: 0000000000-23-001433

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230210

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Piedmont Lithium Inc.
- **CENTRAL INDEX KEY:** 0001728205
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
- **IRS NUMBER:** 364996461
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 42 E CATAWBA STREET
- **CITY:** BELMONT
- **STATE:** NC
- **ZIP:** 28012
- **BUSINESS PHONE:** (704) 461-8000

**MAIL ADDRESS:**
- **STREET 1:** 42 E CATAWBA STREET
- **CITY:** BELMONT
- **STATE:** NC
- **ZIP:** 28012

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Piedmont Lithium Ltd
- **DATE OF NAME CHANGE:** 20180116
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001728205-22-000017

## Text-Extract

```

United States securities and exchange commission logo

                             February 10, 2023

       Michael White
       Chief Financial Officer
       Piedmont Lithium Inc.
       32 North Main Street, Suite 100
       Belmont, North Carolina
       28012

                                                        Re: Piedmont Lithium
Inc.
                                                            Form 10-KT for the
Fiscal Year Ending December 31, 2021
                                                            Filed February 28,
2022
                                                            File No. 001-38427

       Dear Michael White:

              We have reviewed your January 26, 2023 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

            After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       November 8, 2022 letter.

       Form 10-KT for the Fiscal Year Ending December 31, 2021 Filed February
28, 2022

       Item 1. Business, page 5

   1.                                                   We note your response
to prior comment 1, including summary language and a list of
                                                        additional information
that you will provide for the Carolina Lithium Project, as your only
                                                        material property,
along with proposed language for non-material properties.

                                                        Please confirm your
understanding that production projections should not be disclosed
                                                        unless supported by a
technical report summary, prepared in accordance with Subpart
                                                        1300 of Regulation S-K.
Also revise to remove ounces of gold or associated estimates
                                                        concerning neighboring
properties in which you do not own a mineral interest.
 Michael White
FirstName LastNameMichael White
Piedmont Lithium Inc.
Comapany10,
February  NamePiedmont
            2023       Lithium Inc.
February
Page 2 10, 2023 Page 2
FirstName LastName
2.       We note that you submitted tables to be utilized in reporting summary
mineral resources
         and mineral reserves in response to prior comment 3, although Note 3
to the first table
         indicates that mineral resources would be reported inclusive of the
mineral reserves.

         Please revise the proposed format along with any intended future
disclosures as necessary
         to report all estimates of mineral resources exclusive of mineral
reserves to comply with
         Item 1304(d)(2) of Regulation S-K, notwithstanding any election by the
qualified persons
         to include such aggregated quantities in the technical report summary.
Item 15. Exhibits.
Exhibit 96.1, page 49

3.       We note your response to prior comment 5, regarding content of the
technical report
         summary, and have the following additional points that you should
address in consultation
         with the qualified persons involved in preparing that report. Please
ensure that the
         technical report summary conforms to the following guidance:

                Although the qualified person may elect to include estimates of
mineral resources
              inclusive of mineral reserves, the technical report summary must
also
              include estimates of mineral resources exclusive of mineral
reserves to comply with
              Item 601(b)(96)(iii)(B)(11)(ii) of Regulation S-K.

                The table of discounted cash flows submitted with your response
should be modified
              to include a column for cumulative amounts and footnotes with the
equations used to
              convert production of the mineral reserves into each of the
products listed in the
              table, such as spodumene concentrate and lithium hydroxide, along
with explanations
              of how those formulas were established and found to be
reasonable.

                The economic analysis provided in Section 19 must include
annual cash flow
              forecasts based on an annual production schedule for the life of
the mining project to
              comply with Item 601(b)(96)(iii)(B)(19) of Regulation S-K.
4.       We note that in response to prior comment 5, regarding information
disclosed about
         market studies providing justification for demand or sales over the
life of the mine,
         pursuant to Item 601(b)(96)(iii)(B)(16) of Regulation S-K, you
indicate that you will
         supplement the financial modeling information associated with your
long term business
         plan, with a standalone cash flow model "...based solely upon the
processing and sales of
         mineral reserves converted to lithium hydroxide," which we understand
is representing
         your expectation that ore production will occur over approximately
eleven years.

         However, with regard to Item 601(b)(96)(iii)(B)(19) of Regulation S-K,
you refer to
         Figures 12-1 and 19-1 (possibly intending reference to Tables 12-1 and
19-1 on pages 121
         and 200) of the technical report summary as having "collectively
satisfied the substantive
         requirements" pertaining to the economic analysis, although you
indicate that
         additional cash flow details will be provided for some line items in
Section 19 and that
 Michael White
Piedmont Lithium Inc.
February 10, 2023
Page 3
         reserve information in Section 12 "will be re-cast/overlaid with
additional cash flow
         information on the basis of processing mineral reserves only...."

         We understand from the technical assumptions disclosed on page 202 of
the technical
         report summary that details of the economic analysis provided in
Section 19 are based on
         a model that assumes not only production and processing of your
mineral reserves into
         lithium hydroxide monohydrate over a period of eleven years, but also
processing
         spodumene concentrate purchased from third parties for an additional
twenty years.

         Given the objective of the technical report summary, as outlined in
Item 601(b)(96)(i) of
         Regulation S-K, to support disclosures of mineral resources and
mineral reserves, by
         identifying and summarizing the underlying scientific and technical
information and
         conclusions, it is unclear how inclusion of cash flows incremental to
those derived from
         processing your mineral reserves would be consistent with this
objective.

         We believe that content throughout the technical report summary should
generally be
         aligned with this objective. For example, the economic analysis in
Section 19 should
         include annual cash flow forecasts based on an annual production
schedule for the life of
         the mining project, along with measures of economic viability such as
net present value
         (NPV), internal rate of return (IRR), and payback period of capital.

         Please explain to us, with input from the qualified persons, why
economics associated
         with processing spodumene concentrate acquired from third parties for
twenty years
         beyond the life of your mine would be appropriately regarded as
support for your
         disclosures of mineral resources and mineral reserves, in your view;
and tell us the extent
         to which the mining project would be economic or uneconomic if
recovery of the
         concentrator and chemical plant costs were dependent upon the mining
project alone.

         If you believe that you are able to show how financial modeling
associated with your long
         term business plan has utility in supporting your mineral resources
and reserves in the
         technical report summary, please submit the entire corresponding
annual discounted cash
         flow forecasts for our review, and we will further consider your
position.
       You may contact John Coleman at 202-551-3610 or Gus Rodriguez at
202-551-3752 if
you have questions regarding comments.

FirstName LastNameMichael White                                Sincerely,
Comapany NamePiedmont Lithium Inc.
                                                               Division of
Corporation Finance
February 10, 2023 Page 3                                       Office of Energy
& Transportation
FirstName LastName

```

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