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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.

Piedmont Lithium Inc. (symbol: PLL) is a U.S.-based company dedicated to creating a multi-asset, integrated lithium business. The company focuses on supplying lithium hydroxide, an essential material for the electric vehicle (EV) and battery manufacturing supply chains, supporting the development of a clean energy economy in North America.

Piedmont Lithium operates several key projects, including Carolina Lithium in Gaston County, North Carolina. This ambitious project aims to be a fully integrated spodumene ore-to-lithium hydroxide facility. Additionally, the company is developing the Tennessee Lithium project, a proposed merchant lithium hydroxide manufacturing plant located in McMinn County, Tennessee. Both projects are central to Piedmont Lithium's strategy to enhance U.S. energy security and contribute to global lithium supply.

As a development-stage company, Piedmont Lithium is committed to advancing its portfolio of wholly-owned projects. Their efforts are rooted in the mission to support the burgeoning demand for lithium in EVs and energy storage, pivotal in the transition to renewable energy sources.

The company has recently made significant strides in its projects, securing vital partnerships and investments. These collaborations are designed to accelerate the growth and operational capabilities of Piedmont Lithium, aligning with the rising market demand for sustainable energy solutions.

Financially, Piedmont Lithium is strategically positioned to capitalize on the growing lithium market. Through prudent management and focused development, the company aims to achieve substantial growth and deliver value to its stakeholders.

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Piedmont Lithium reported inaugural revenue of $47.1 million and a gross profit of $23.8 million, with net income of $22.9 million and adjusted net income of $16.9 million. The company is on track to deliver full-year shipment guidance of approximately 56,500 dmt of lithium concentrate.
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Piedmont Lithium announces initial 2023 drill campaign results from the North American Lithium project, identifying multiple high-grade lithium zones. The drill results show potential for further mineral resource conversion and mine life extension. NAL is already North America's largest operating lithium mine.
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Piedmont Lithium will release its Q3 2023 earnings on November 7th, 2023, at 7:00 AM Eastern Time. The earnings call will take place at 8:30 AM Eastern Time. The schedule was amended to better coincide with the timing of the earnings call and allow for dissemination of information outside of market trading periods. Access to the call is available via webcast or direct dial.
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Piedmont Lithium has received a mining lease for the Ewoyaa Lithium Project in Ghana, allowing exclusive rights for lithium mining and commercial production for 15 years. The project is expected to become a major producer of spodumene concentrate and provide feedstock for Piedmont's lithium hydroxide plant in Tennessee.
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Piedmont Lithium to release Q3 2023 earnings on November 6 and hold conference call on November 7.
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Piedmont Lithium acquires 19.9% equity interest in Vinland Lithium for C$2 million cash
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MIIF invests $27.9 million in Ewoyaa Lithium Project, reduces capex investments for Piedmont and Atlantic Lithium
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Piedmont Lithium announces executive participation in industry conferences and highlights strong cash position
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Piedmont Lithium receives $31.6 million partial prepayment for lithium concentrate shipment, reinforcing strong balance sheet
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Piedmont Lithium has exercised its option to acquire a 22.5% stake in Atlantic Lithium's Ewoyaa Lithium Project in Ghana. Piedmont plans to provide $70 million for further development capital to acquire an additional 27.5% interest in the project. The total estimated project capital costs are approximately $185 million, with Piedmont committing $128 million. The funding will be supported by the sale of lithium concentrate from Piedmont's offtake agreement with North American Lithium.
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FAQ

What is the current stock price of Piedmont Lithium (PLL)?

The current stock price of Piedmont Lithium (PLL) is $7.42 as of September 13, 2024.

What is the market cap of Piedmont Lithium (PLL)?

The market cap of Piedmont Lithium (PLL) is approximately 142.0M.

What does Piedmont Lithium Inc. do?

Piedmont Lithium Inc. focuses on creating a multi-asset, integrated lithium business, supplying lithium hydroxide for electric vehicle and battery manufacturing supply chains.

Where are Piedmont Lithium's main projects located?

Piedmont Lithium's main projects are located in Gaston County, North Carolina (Carolina Lithium) and McMinn County, Tennessee (Tennessee Lithium).

What is the Carolina Lithium project?

Carolina Lithium is a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina.

What is the Tennessee Lithium project?

The Tennessee Lithium project is a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.

How does Piedmont Lithium support the clean energy economy?

Piedmont Lithium supports the clean energy economy by providing essential lithium hydroxide for EVs and battery manufacturing, facilitating the transition to renewable energy.

What is the significance of lithium hydroxide?

Lithium hydroxide is critical for the production of batteries used in electric vehicles and energy storage systems, essential components of the clean energy landscape.

How is Piedmont Lithium positioned financially?

Piedmont Lithium is strategically positioned to capitalize on the growing lithium market through prudent management and development of its projects.

What recent achievements has Piedmont Lithium made?

Piedmont Lithium has secured vital partnerships and investments to accelerate its project development and enhance its operational capabilities.

Piedmont Lithium Inc.

Nasdaq:PLL

PLL Rankings

PLL Stock Data

141.99M
19.37M
7.95%
44.24%
17.95%
Other Industrial Metals & Mining
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
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United States of America
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