Albemarle Corporation announced an innovative agreement with Martin Marietta Materials Inc. to make beneficial use of extracted limestone material from Albemarle's proposed Kings Mountain Mine project. This agreement is part of Albemarle's plan to resume lithium mining operations at the Kings Mountain Mine in an environmentally and socially responsible manner, including opportunities to repurpose byproduct material and enhance the economic benefits for the surrounding community. Under the agreement, Albemarle plans to deliver limestone material to Martin Marietta's Kings Mountain Quarry, adjacent to the Kings Mountain Mine.

Martin Marietta plans to process and sell the limestone material as construction aggregate for use in infrastructure, nonresidential and residential construction projects. The companies intend for this agreement to help reduce both companies' operational footprints and contribute to more sustainable management of resources. The agreement also calls for a royalty fee for each ton of aggregate sold by Martin Marietta to be paid to Albemarle, which plans to transfer the royalty to a non-profit entity that focuses on funding initiatives to support Kings Mountain and the surrounding communities.

Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which communities thrive.