Piedmont Lithium Inc
NASDAQ:PLL

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Piedmont Lithium Inc
NASDAQ:PLL
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Price: 7.25 USD -8.92% Market Closed
Market Cap: 159.1m USD

Piedmont Lithium Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 7, 2025
AI Summary
Q1 2025

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.

Key Financials
Revenue
$20 million
Shipments
27,000 dry metric tons
Production (North American Lithium)
43,000 tons
Net Loss
$15.6 million
Loss Per Share
$0.71
Adjusted Net Loss
$10.1 million
Adjusted Loss Per Share
$0.46
Cash Balance
$65.4 million
Realized Price Per Metric Ton
$741
Realized Price Per Metric Ton (SC6 basis)
$823
Operating Cash Flow
-$19 million
Synergies from Merger
$15 million to $20 million annually
Committed Merger Funding
$43 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Keith Douglas Phillips B.Com., H.B.Com, MBA
MD, CEO, President & Director
No Bio Available
Mr. Michael D. White CPA
Executive VP & CFO
No Bio Available
Mr. Patrick H. Brindle
Executive VP & COO
No Bio Available
Mr. Bruce Czachor
Executive VP, Chief Legal Officer & Secretary
No Bio Available
Ms. Erin Sanders
Senior Vice President of Corporate Communications & IR
No Bio Available
Mr. James Griffiths
Senior Vice President of Corporate Development & Treasury
No Bio Available
Mr. Lamont Leatherman
Chief Geologist
No Bio Available
Mr. Todd William Hannigan B. Eng (Hons), B.E., M.B.A.
Technical Advisor
No Bio Available
Ms. Monique Parker CSP
Senior Vice President of Safety, Environment & Health
No Bio Available
Ms. Angela Risk
Corporate Controller
No Bio Available

Contacts

Address
NORTH CAROLINA
Belmont North Carolina
32N Main Street, Suite 100
Contacts
+17044618000.0
piedmontlithium.com