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Month: September 2020

Piedmont Lithium Signs Sales Agreement With Tesla

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  • Piedmont enters into binding sales agreement to supply spodumene concentrate to Tesla
  • Five-year fixed-price binding agreement with optional five-year extension
  • Agreement confirms the strategic nature of Piedmont’s unique American spodumene deposit
  • Discussions are ongoing with respect to other lithium and by-product sales arrangements

NEW YORK – Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has entered into a binding agreement (“Agreement”) with Tesla, Inc. (“Tesla”) for the supply of spodumene concentrate (“SC6”) from Piedmont’s North Carolina deposit to Tesla.

The Agreement is for an initial five-year term on a fixed-price binding purchase commitment from the delivery of first product, and may be extended by mutual agreement for a second five-year term. The Agreement covers a fixed commitment representing approximately one-third of Piedmont’s planned SC6 production of 160,000 tonnes per annum for the initial five-year term as well as an additional quantity to be delivered at Tesla’s option. The SC6 sales are expected to generate between 10-20% of Piedmont’s total revenues from its proposed integrated mine-to-hydroxide project for the initial five-year term. The Agreement is conditional upon Tesla and Piedmont agreeing to a start date for spodumene concentrate deliveries between July 2022 and July 2023 based on the development schedules of both parties.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are excited to be working with Tesla, which represents the start of the first US domestic lithium supply chain and a disruption to the current value chain.  The Agreement highlights the strategic importance of Piedmont’s unique American spodumene deposit and confirms the trend toward spodumene as the preferred feedstock for the lithium hydroxide required in high-nickel batteries.

“We will now accelerate our mine/concentrator development to support Tesla’s plans, work to further expand our mineral resources, and potentially increase our planned annual spodumene concentrate production capacity.  We will simultaneously be advancing our plans to produce lithium hydroxide in North Carolina, using a combination of internally produced spodumene concentrate as well as material sourced from other producers around the world.”

Piedmont confirms that all material assumptions underpinning the results of its previously announced integrated scoping study (refer ASX announcement dated May 26, 2020) continue to apply and have not materially changed, including Benchmark Mineral Intelligence pricing and tonnes per annum assumptions.

To view the full ASX Announcement, click here.

Keith Phillips

President & CEO

T: +1 973 809 0505

E: kphillips@piedmontlithium.com

Tim McKenna

Investor and Government Relations

T: +1 732 331 6457

E: tmckenna@piedmontlithium.com


The 10 Best Payroll Services for Your Small Business

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Best Payroll Software for Small Businesses

This might lead to a clunky, less-streamlined tech stack for businesses that grow large enough to require a major all-in-one employee management system. Plus, Rippling takes either two or four days to deliver payments to your staff. Therefore, if you want to pay your staff in less time, we’d recommend opting for ADP or Paychex instead.

Best Payroll Software for Small Businesses

The software makes it easy to collect and share feedback in real time, so performance issues can be addressed quickly. It also offers features such as goal management, reviews, reminders and dynamic objectives. Best practices performance management templates from Paycor help you set goals, deliver performance reviews and give feedback that engages employees. You can also access performance data and analytics to identify trends and areas for improvement. Other features include team insights, coaching strategies based on employee ratings and one-on-one tools.

Payroll4Free: Best free payroll software

The cheapest, most budget-friendly software is SurePayroll, which has affordable self-service and full-service plans. We also recommend Paychex and ADP for more thorough HR management.OnPay http://region-news.info/the-10-best-resources-for-14/ is good for comprehensive-but-affordable payroll. ADP is an excellent small business payroll software with powerful reporting that allows you to automate reports for insightful analytics.

  • These are great options for small business owners who need to outsource or upgrade their HR departments.
  • Gusto also offers much more robust reporting and analytics when compared to SurePayroll by Paychex, which is more limited in this department.
  • Compared to other top providers, Paychex boasts the best payment controls, letting you manage your payroll processes to your precise needs.
  • If you operate in one of the 14 states in which Wave offers tax services, you will pay a higher base monthly rate to take advantage of these services.

Engagedly performance management software is a good choice for businesses that want to use third-party integrations to manage employee performance and connect performance data to other business systems. http://www.monnowvalleystudio.com/?s= These integrations include Google SSO, Okta, Personio, ADP Marketplace, Gusto, Slack, BizLibrary and Paylocity. Other features include performance reviews, goals, analytics and insights.

Patriot Payroll

She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. The Forbes Advisor Small Business team is committed to bringing you unbiased rankings and http://www.catsmob.com/video/797-lake-nakuru-republic-of-kenya.html information with full editorial independence. We use product data, strategic methodologies and expert insights to inform all of our content and guide you in making the best decisions for your business journey.