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Piedmont Lithium Inc. - $PLL STOCK NEWS

Welcome to our dedicated page for Piedmont Lithium news (Ticker: $PLL), a resource for investors and traders seeking the latest updates and insights on Piedmont Lithium stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Piedmont Lithium's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Piedmont Lithium's position in the market.

Rhea-AI Summary

Piedmont Lithium announced the shipment of approximately 15,500 dmt of spodumene concentrate in Q1’24, achieving record quarterly production of 40,439 dmt at North American Lithium. The company targets steady-state operations in H2’24, with a forecast of shipping around 126,000 dmt in 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.27%
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Rhea-AI Summary
Piedmont Lithium, a key supplier of lithium for electric vehicles, will release its first-quarter 2024 earnings on May 9, 2024. The company will discuss the results during a conference call at 8:30 a.m. Eastern Time.
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End-of-Day
-4.47%
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Rhea-AI Summary
Piedmont Lithium receives mining permit approval for Carolina Lithium project in North Carolina, aiming to become a low-cost, sustainable lithium hydroxide producer for the U.S. electric vehicle supply chain.
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Rhea-AI Sentiment
End-of-Day
15.77%
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Rhea-AI Summary
The Mining Investment Event of the North welcomes Quebec Minister Maïté Blanchette Vézina as Keynote Speaker for 2024. The event features panels, keynotes, and networking sessions with industry leaders. Participating companies include various mining and exploration firms.
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-1%
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Rhea-AI Summary
Piedmont Lithium (PLL) announces successful ramp-up of spodumene production at North American Lithium (NAL), exceeding recovery targets and achieving daily production records. Key capital projects to reduce operating costs expected to be completed in Q2 2024. Shipments to contract customers starting in 2024 to reduce reliance on spot markets. Production quality remains consistent at 5.45% Li2O.
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Rhea-AI Sentiment
End-of-Day
7.05%
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Rhea-AI Summary
Piedmont Lithium appoints Dawne Hickton to its Board of Directors, bringing extensive manufacturing expertise and cross-industry experience to enhance strategic guidance. Hickton's background in aerospace, energy, and metals industries adds valuable insights to advance the company's business strategy in the global lithium market and drive shareholder value.
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Rhea-AI Sentiment
End-of-Day
-0.7%
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management
Rhea-AI Summary
Piedmont Lithium Inc. reported $39.8 million in full-year revenue with 43.2 thousand dmt sales of spodumene concentrate. The company achieved $5.7 million in gross profit in 2023, despite facing challenges due to a downturn in lithium prices. The focus remains on ramping up production at the North American Lithium (NAL) operation, with further improvements expected in 2024. Permitting and regulatory approvals are progressing in Ghana and North Carolina. The company plans to shift towards multi-year customer contracts to reduce volatility in sales. Piedmont's cash and cash equivalents stood at $71.7 million as of December 31, 2023, with net proceeds of approximately $49.1 million from asset sales in Q1'24.
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End-of-Day
-10.71%
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Rhea-AI Summary
Piedmont Lithium announces the sale of its shares in Sayona Mining, generating approximately A$59.9 million or US$39.4 million. The sale price represents a premium to the 20-day volume weighted average price. The decision to divest aligns with Piedmont's commitment to maintaining a prudent balance sheet and minimizing shareholder dilution. The company remains focused on its joint venture with Sayona Quebec and the ramp-up of North American Lithium.
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Rhea-AI Sentiment
End-of-Day
2.58%
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Piedmont Lithium (PLL) will release its Q4 and full-year 2023 earnings on February 22, 2024, crucial for the U.S. electric vehicle supply chain. The earnings call will discuss financial performance and future prospects.
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Rhea-AI Sentiment
End-of-Day
3.51%
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Rhea-AI Summary
Piedmont Lithium, a leading global supplier of lithium resources, reported record quarterly production at North American Lithium in Q4'23. The company is making progress on the Ewoyaa Lithium Project in Ghana and expects to receive required permits and approvals later in 2024. Piedmont has also initiated a cost savings plan targeting $10 million in annual run rate savings and ended 2023 with $72 million in cash.
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Rhea-AI Sentiment
End-of-Day
3.23%
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Piedmont Lithium Inc.

Nasdaq:PLL

PLL Rankings

PLL Stock Data

258.14M
17.06M
7.38%
53.91%
13.32%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
BELMONT

About PLL

Piedmont Lithium, Inc. is engaged in building a multi-asset, integrated lithium business which provides lithium hydroxide, a critical material, to the electric vehicle and battery manufacturing supply chains in the United States to support the creation of a clean energy economy in North America.