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      "text": "The overlap between Piedmont Lithium and IperionX extends beyond just its leadership team and management. We observe that both companies engaged the same technical consultants in areas of engineering, procurement, and construction (Primero), lab analysis (SGS), permitting (HDR), and engineering studies (Hatch).",
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      "text": "The overlap between Piedmont Lithium and IperionX extends beyond just its leadership team and management. We observe that both companies engaged the same technical consultants in areas of engineering, procurement, and construction (Primero), lab analysis (SGS), permitting (HDR), and engineering studies (Hatch).",
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      "text": "Source: Piedmont Lithium Investor Presentation, May 2020, Hyperion Engages Hatch, press release, May 16, 2021, HDR, SGS, and Primero engagements in Scoping Study. Red check mark is Spruce Point red check emphasis of overlap between Piedmont and IPX.",
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