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Shares of Piedmont Lithium Inc. charged up 11.5% in midday trading Wednesday, after the lithium producer announced a $141.7 million grant from the U.S. Department of Energy. The company said the grant is part of the Biden administration's infrastructure law aimed at expanding domestic manufacturing of batteries for electric vehicles (EVs) and for materials currently imported. Piedmont, which has yet to report any revenue, said the grant will support the construction of its $600 million Tennessee...
>>> Read more: Piedmont Lithium receives $141.7 million DOE grant, as stock has rocketed over 60% in 3 months
>>> Read more: Piedmont Lithium receives $141.7 million DOE grant, as stock has rocketed over 60% in 3 months
