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.
Piedmont Lithium Inc. (NASDAQ: PLL) operates at the forefront of North America's lithium supply chain, developing integrated projects to produce battery-grade materials for electric vehicles and energy storage systems. This news hub provides investors and industry stakeholders with essential updates on the company's strategic initiatives and market developments.
Access authoritative reporting on PLL's progress in lithium hydroxide production, including operational milestones at its Carolina Lithium and Tennessee Lithium projects. Our curated news collection covers regulatory updates, partnership announcements, and technological advancements that shape the company's role in domestic battery material supply chains.
Key updates include progress on spodumene-to-lithium conversion processes, sustainability initiatives, and supply agreements with automotive manufacturers. Track developments critical to understanding PLL's position in the clean energy transition and U.S. critical minerals strategy.
Bookmark this page for real-time updates on earnings reports, project timelines, and industry analyses. Stay informed about Piedmont Lithium's contributions to reducing foreign dependence on battery materials through vertically integrated operations.
Piedmont Lithium (Nasdaq: PLL) and Sayona Mining have received key regulatory approvals in the US and Canada for their proposed merger announced in November 2024. The combined entity will be named Elevra Lithium .
The merger has obtained approvals from Investment Canada Act (ICA), Hart-Scott-Rodino (HSR) Act, and Committee on Foreign Investment in the United States (CFIUS). The transaction is expected to close in mid-2025, subject to shareholder approvals.
Key details include:
- A reverse stock split ratio of 1-for-150 for Sayona shares
- American Depository Shares (ADS) will be issued at 1-for-10 ratio post-split
- Resource Capital Fund VIII will provide approximately A$69 million (~US$43 million) through conditional placement
- Each Piedmont CDI will convert to 5.27 Sayona shares (or 0.0351 post-split)
- Each Piedmont common stock will convert to 527 Sayona shares (or 3.51 post-split)
Piedmont Lithium (Nasdaq: PLL) has announced final results from the North American Lithium (NAL) 2024 drilling program. NAL, North America's largest producing spodumene mine, is jointly owned by Piedmont (25%) and Sayona Mining (75%). The drilling program, conducted from February to December 2024, focused on enhancing the existing Mineral Resource Estimate (MRE) and identifying additional mineralization.
The companies plan to incorporate these results into an updated MRE, with goals to upgrade resource classification and increase overall resource tonnage. The positive drilling outcomes support potential brownfield expansion at NAL to increase production capacity, meeting growing global lithium demand with North American-produced resources.
Piedmont Lithium (PLL) and Sayona Mining have announced that their merged company will be named Elevra Lithium upon completion of their proposed merger announced on November 19, 2024. The combined entity's Board of Directors will consist of eight members, equally split between both companies, with four nominees from each company's current board.
Dawne Hickton has been designated as Chair of Elevra Lithium, while Lucas Dow will serve as Managing Director and CEO. Current Piedmont CEO Keith Phillips will retire from his position but will transition to a Strategic Advisor role for Elevra Lithium. The merger completion is targeted for mid-2025, subject to shareholder approvals from both companies and regulatory clearances.
Piedmont Lithium (PLL) reported strong Q4 and full-year 2024 results, with record shipments and significant operational achievements. The company achieved record Q4'24 shipments of 55,700 dmt of spodumene concentrate at $818 per dmt, generating revenue of $45.6 million. Full-year 2024 saw shipments of 116,700 dmt at $856 per dmt, with revenue reaching $99.9 million.
North American Lithium (NAL) maintained robust operations with 50,922 dmt produced, 90% mill utilization, and 68% lithium recovery in Q4. The company exceeded its cost-saving target, achieving $14 million in annual savings. As of December 31, 2024, Piedmont held $87.8 million in cash and equivalents.
Notably, Piedmont entered a definitive merger agreement with Sayona Mining, expected to close in mid-2025. The company projects 2025 shipments between 113,000 to 130,000 dmt, with Q1'25 expected at 25,000 to 30,000 dmt.
Piedmont Lithium (Nasdaq: PLL; ASX: PLL), a leading North American lithium products supplier, has scheduled the release of its fourth quarter and full year 2024 financial results before Nasdaq market open on Thursday, February 20, 2025. The company will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day.
Investors and interested parties can access the earnings call via webcast or through direct dial-in options. The company has provided both toll-free (1-800-715-9871) and toll (1-646-307-1963) dial-in numbers for participants, with Conference ID: 1000896.
Piedmont Lithium (PLL) reported record quarterly shipments of ~55,700 dmt of spodumene concentrate in Q4'24, exceeding guidance. The company's North American Lithium (NAL) operation, jointly owned with Sayona Mining (25% PLL, 75% Sayona), achieved its second consecutive quarter of production over 50,000 dmt.
Key Q4'24 metrics include: concentrate production of 50,922 dmt, mill utilization of 90%, and lithium recovery of 68%. The company recorded $87.8 million in cash and cash equivalents as of December 31, 2024. Year-over-year, concentrate shipments increased 170% to 116,700 dmt in FY2024.
On November 18, 2024, Piedmont and Sayona Mining announced a definitive agreement to merge in an all-stock transaction, aimed at creating a leading North American hard rock lithium producer and simplifying NAL's ownership structure.
Piedmont Lithium (NASDAQ: PLL) and Sayona Mining announced a merger agreement to create North America's largest lithium producer. The all-stock merger will result in approximately 50/50 ownership split between shareholders of both companies. The transaction includes a total equity raising of approximately US$99 million, with Piedmont raising ~US$27 million, Sayona undertaking a A$40 million raise, and a conditional placement of A$69 million to Resource Capital Fund VIII L.P. post-merger.
The merger aims to simplify corporate structure, align North American Lithium offtake economics, and create significant synergies. The combined entity will maintain listings on both ASX and NASDAQ, with completion expected in the first half of 2025, subject to shareholder and regulatory approvals.
Piedmont Lithium (PLL) reported Q3 2024 results with record shipments of 31,500 dmt of spodumene concentrate and revenue of $27.7 million. North American Lithium (NAL) achieved new production records with 52,100 dmt and 91% mill utilization. The company realized $878 per ton in a challenging market, outperforming industry peers. Financial highlights include $64.4 million in cash and a new $25 million working capital facility. The company expects Q4'24 shipments of 41,000-55,000 dmt, projecting total 2024 shipments of 102,000-116,000 dmt. Operating costs improved with a 15% quarter-over-quarter reduction to $729/dmt.
Battery X Metals announced significant progress in developing eco-friendly lithium-ion battery material recovery technology in partnership with a Global Top 20 University. Their proprietary froth flotation process showed promising results in recovering battery-grade materials from black mass, with initial tests achieving approximately 45% graphite separation. Multi-stage flotation protocols demonstrated more efficient material separation than single-stage methods. The company plans to pursue provisional patents and aims to license this technology to battery recyclers, adopting a low-capex, scalable business model.
Piedmont Lithium (Nasdaq: PLL; ASX: PLL) announced it will release its third quarter 2024 earnings before the Nasdaq open on Tuesday, November 12, 2024, at 7:00 a.m. Eastern Time. The company will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. Piedmont is developing an integrated lithium business focused on becoming one of North America's largest lithium hydroxide producers, with projects in the United States, Quebec, and Ghana.
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