Piedmont Lithium Inc
NASDAQ:PLL
Piedmont Lithium Inc
Piedmont Lithium, Inc. is an exploration stage company, which engages in the exploration and development of mineral properties. The company is headquartered in Belmont North Carolina, North Carolina and currently employs 20 full-time employees. The firm is focused on the development of its Piedmont Lithium Project in North Carolina. The Piedmont Lithium Project is located within the Carolina Tin Spodumene belt and along trend to the Hallman Beam and Kings Mountain mines. The firm develops battery-grade lithium hydroxide and other chemicals essential to the electric vehicle and battery storage markets in the United States. The company also provides other essential minerals used to create consumer and industrial products.
Piedmont Lithium, Inc. is an exploration stage company, which engages in the exploration and development of mineral properties. The company is headquartered in Belmont North Carolina, North Carolina and currently employs 20 full-time employees. The firm is focused on the development of its Piedmont Lithium Project in North Carolina. The Piedmont Lithium Project is located within the Carolina Tin Spodumene belt and along trend to the Hallman Beam and Kings Mountain mines. The firm develops battery-grade lithium hydroxide and other chemicals essential to the electric vehicle and battery storage markets in the United States. The company also provides other essential minerals used to create consumer and industrial products.
Revenue Drop: Q1 revenue was $20 million, down from $45.6 million in the previous quarter, due to lower shipments and expected variations in customer requirements.
Shipments & Production: 27,000 dry metric tons were shipped, a significant decrease from 55,700 tons in Q4, with production at North American Lithium down 15% quarter-over-quarter.
Net Loss: The company reported a net loss of $15.6 million, or $0.71 per share, but benefited from a narrowed adjusted net loss compared to last year thanks to cost savings.
Cash Position: Ended Q1 with $65.4 million in cash, down from $87.8 million at the start of the year, but expects Q2-end cash balance to be similar as working capital timing normalizes.
Merger Progress: The merger with Sayona Mining is on track to close mid-2025, with regulatory clearances received and expected annual synergies of $15–20 million.
2025 Guidance: Full-year shipment outlook reaffirmed at 113,000 to 130,000 dry metric tons; Q2 shipments expected between 8,000 and 20,000 tons; CapEx guidance lowered to $4–6 million.
