Piedmont Lithium Inc Stock Price, News & Analysis

Piedmont Lithium (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products for the U.S. electric vehicle supply chain, has announced the release of its second quarter 2024 earnings on August 8, 2024. The earnings will be released at 7:00 a.m. Eastern Time, before the Nasdaq opens. A conference call to discuss the results is scheduled for 8:30 a.m. Eastern Time on the same day.

The company is developing an integrated lithium business with multiple assets, focusing on enabling the transition to a net zero world and creating a clean energy economy in North America. Piedmont aims to become one of the largest lithium hydroxide producers in North America, with projects in the United States and partnerships in Quebec and Ghana.

Piedmont Lithium (Nasdaq: PLL; ASX: PLL), a key North American lithium supplier, has released its 2023 Sustainability Report. The report highlights the company's ESG achievements, including progress in permitting, safety management, DEI, community partnerships, grants, risk management, and cybersecurity.

Piedmont has advanced permitting for its lithium projects to meet U.S. environmental standards and established a contractor safety program. The firm was named among the 2023 Best Places to Work by the Charlotte Business Journal. They formed a DEI council and implemented a DEI policy, partnered with Cherryville for community benefits, and hosted informational fairs near Carolina Lithium. Over $200,000 in grants and scholarships were funded through the Piedmont Lithium Foundation. The company also introduced robust cybersecurity measures and formalized an enterprise risk management program.

Piedmont Lithium (Nasdaq: PLL; ASX: PLL) has reported continued high-grade drill results at its North American Lithium (NAL) project in Quebec. The 2023-2024 drill program has discovered new, high-grade lithium zones, with consistent mineralization within the planned pit shell model. These results suggest a potential upgrade to the mineral resource estimate. A further 30,000 meters of exploration drilling is set for 2024. The NAL project, jointly owned by Piedmont (25%) and Sayona Mining (75%), has been achieving record spodumene concentrate volumes since March 2023, targeting steady-state production in the second half of 2024.

Keith Phillips, CEO of Piedmont, emphasized the strategic importance of NAL, highlighting its status as the only North American lithium mine producing IRA-compliant spodumene concentrate. Phillips anticipates an update on the mineral resource estimate soon.

Investors are cautioned about differences in mineral resource reporting standards between Piedmont and Sayona Mining.

Piedmont Lithium (Nasdaq: PLL; ASX: PLL) has announced participation in several upcoming industry conferences, including TD Cowen Sustainability Week (May 21-23), KeyBanc Industrials and Basic Materials Conference (May 28-30), THE Mining Investment Event of the North (June 4-6), Evercore ISI Global Clean Energy and Transition Technologies Summit (June 11-12), Benchmark Giga USA 2024 and World Lithium Congress (June 11-13), JP Morgan Energy, Power, and Renewables Conference (June 17-18), and Fastmarkets Lithium Supply and Battery Raw Materials Conference (June 24-27).

CEO Keith Phillips highlighted the company's plans to update the industry on their projects in the U.S., Canada, and Ghana, including record production levels at North American Lithium and the receipt of the Carolina Lithium mining permit. The company aims to ship approximately 126,000 dry metric tons of spodumene concentrate in 2024 and increase deliveries to core customers under long-term contracts.

Piedmont Lithium (Nasdaq: PLL; ASX: PLL), a key North American lithium supplier, announced significant high-grade lithium mineralization at North American Lithium (NAL) in Quebec.

The 2023 drill program revealed thick, high-grade spodumene-bearing pegmatites beyond current pit operations and planned pit shell models. These findings could lead to a substantial resource upgrade and potential mine life extension.

Piedmont owns 25% of NAL, while Sayona Mining holds 75%. NAL, the largest lithium operation in North America, restarted production in March 2023, achieving record production volumes each quarter.

CEO Keith Phillips emphasized the strategic importance of NAL, noting the potential for increased annual production and a longer mine life. Investors are cautioned about differences in public disclosures between Piedmont and Sayona due to varying regulatory frameworks.

Piedmont Lithium Inc. reported record quarterly production at North American Lithium (NAL), achieving 40,439 dry metric tons of spodumene concentrate in Q1’24 with strong lithium recoveries. The Carolina Lithium mining permit was received in May 2024, accelerating funding discussions. Revenue reached $13.4 million, cash stood at $71.4 million, and the outlook for 2024 includes doubling shipments and reducing investments by over 50% in H2’24 vs. H1’24.

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.