Piedmont Lithium Inc. engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 2,322 acres in the North Carolina, the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. Piedmont Lithium Inc. was incorporated in 1983 and is based in Belmont, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: piedmontlithium.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $13.50 | Underperform → Neutral | Macquarie |
| 11/20/2024 | $32.00 → $13.00 | Buy → Neutral | ROTH MKM |
| 10/21/2024 | $9.00 → $8.00 | Neutral → Underweight | JP Morgan |
| 10/16/2024 | $7.80 | Neutral → Underperform | Macquarie |
| 8/12/2024 | $9.30 | Outperform → Neutral | Macquarie |
| 2/23/2024 | Buy → Neutral | BTIG Research | |
| 2/16/2024 | $20.00 | Market Perform | BMO Capital Markets |
| 1/29/2024 | $55.00 → $20.00 | Outperform → Market Perform | TD Cowen |
| 12/11/2023 | $25.00 | Neutral | JP Morgan |
| 3/8/2023 | $140.00 | Outperform | Macquarie |
Macquarie upgraded Piedmont Lithium from Underperform to Neutral and set a new price target of $13.50
ROTH MKM downgraded Piedmont Lithium from Buy to Neutral and set a new price target of $13.00 from $32.00 previously
JP Morgan downgraded Piedmont Lithium from Neutral to Underweight and set a new price target of $8.00 from $9.00 previously
Macquarie downgraded Piedmont Lithium from Neutral to Underperform and set a new price target of $7.80
Macquarie downgraded Piedmont Lithium from Outperform to Neutral and set a new price target of $9.30
BTIG Research downgraded Piedmont Lithium from Buy to Neutral
BMO Capital Markets initiated coverage of Piedmont Lithium with a rating of Market Perform and set a new price target of $20.00
TD Cowen downgraded Piedmont Lithium from Outperform to Market Perform and set a new price target of $20.00 from $55.00 previously
JP Morgan initiated coverage of Piedmont Lithium with a rating of Neutral and set a new price target of $25.00
Macquarie initiated coverage of Piedmont Lithium with a rating of Outperform and set a new price target of $140.00
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8-K - Piedmont Lithium Inc. (0001728205) (Filer)
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8-K - Piedmont Lithium Inc. (0001728205) (Filer)
8-K - Piedmont Lithium Inc. (0001728205) (Filer)
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8-K - Piedmont Lithium Inc. (0001728205) (Filer)
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading global supplier of lithium resources critical to the U.S. electric vehicle ("EV") supply chain, today announced the appointment of Dawne Hickton to the Board of Directors ("Board"), effective March 14, 2024. Ms. Hickton is an accomplished leader in the aerospace, energy, and metals industries, adding to the extensive manufacturing expertise of the directors and further diversifying the Board's executive, operational, and strategic guidance to the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240318562526/en/Dawne Hickton (Photo: Business
Development UpdateAward of Processing Plant FEED Contract to PrimeroAppointment of Highly-experienced Project ManagerEwoyaa Lithium Project Ghana, West AfricaSYDNEY, AUSTRALIA / ACCESSWIRE / December 13, 2022 / Atlantic Lithium Limited (AIM:ALL)(OTCQX:ALLIF)(ASX:A11) ("Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce the award of the processing plant Front-End Engineering Design ("FEED") contract (the "Contract") for the Ewoyaa Lithium Project ("Ewoyaa" or the "Project") in Ghana, West Africa to Primero Group ("Primero"), an industry-leading vertically-integrate
Major milestones achieved at the Ewoyaa Project to deliver Ghana's first lithium-producing mineSYDNEY, AUSTRALIA / ACCESSWIRE / September 30, 2022 / Atlantic Lithium Limited (AIM:ALL)(ASX:A11)(OTCQX:ALLIF) ("Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce its audited results for the year ended 30 June 2022.A full copy of 2022 Annual Report is available through the Investor Centre of the Company's website https://www.atlanticlithium.com.au/ or can be viewed in the PDF version via the following link:http://www.rns-pdf.londonstockexchange.com/rns/3151B_1-2022-9-30
Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading, diversified developer of lithium resources required to enable the U.S. electric vehicle supply chain, is pleased to announce the results of its annual meeting of shareholders held virtually on February 3, 2022 (the "Meeting"), at which the shareholders approved all motions put forward by the Company. A total of 8,520,938 votes were cast in connection with the Company's proxy, representing 53.69% of the issued and outstanding common shares of the Company. All resolutions, as outlined in the Company's proxy statement dated November 30, 2021, available on the Company's website and at: Form DEF 14A (dd7pm
Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a clean energy company focused on the integrated production of lithium hydroxide to support the U.S. electric vehicle supply chain, today announced the appointment of Michael White as Executive Vice President and Chief Financial Officer. Reporting to the CEO, Keith Phillips, Mr. White brings deep accounting and finance experience to Piedmont, and will oversee the Company's financial accounting and reporting, budgeting and forecasting, internal controls, compliance, treasury, tax, and risk management functions. "We're delighted to welcome Michael as our Chief Financial Officer and the newest member of our fast-gr
NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has entered into agreements (“Agreements”) to establish a strategic partnership with Sayona Mining Limited (“Sayona”) (ASX:SYA) through the purchase of equity stakes in Sayona and its 100% owned Quebec subsidiary, Sayona Quebec Inc (“Sayona Quebec”), as well as a binding supply agreement for at least 50% of Sayona Quebec’s planned spodumene concentrate production. Piedmont will acquire an initial 9.9% equity interest in Sayona for approximately US$3.1 million (“Share Placement”) and two unsecured convertible notes (“Convertible Notes”) for approximately US$3.9 million that u
ELKO, NV / ACCESSWIRE / November 21, 2024 / Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company") proudly extends its heartfelt congratulations to LTUM Board Member James Brown, former CEO and current Executive Director of Sayona Mining, and the entire team at Sayona Mining Limited (ASX:SYA) and Piedmont Lithium Inc. (NASDAQ:PLL) for orchestrating the strategic merger between the two companies. The union, valued at $623 million, will create the largest hard-rock lithium producer in North America, and offer significant growth potential and operational efficiencies.Lithium Corporation has a long-standing relationship with Morella Corp and James Brown, Managing Director, Morella Corp., (AS
Creates a leading North American lithium producer and developer Piedmont and Sayona to combine in all-stock merger with ownership split of approximately 50% / 50% on a fully diluted basis immediately post-merger and prior to the conditional equity raising Creating a leading North American hard rock lithium producer with geographically advantaged spodumene resources of global scale Simplified corporate structure aligns North American Lithium ("NAL") offtake economics, and removes contractual complexities Unified ownership of NAL unlocks the potential for a significant brownfield expansion Combined scale provides strategic flexibility to combine and optimize downstream strategi
NAL Production & Safety Records; Strong Commercial Performance for Company NAL set new quarterly record for production (~52,100 dmt) and mill utilization (91%); lithium recovery steady (67%) Piedmont had record shipments of approximately 31,500 dmt of spodumene concentrate and recorded revenue of $27.7 million in Q3'24 Piedmont achieved industry-leading price realizations in Q3'24 in difficult market environment Piedmont continued to improve operating costs and reduce capital expenditures and investments in Q3'24 Carolina Lithium positioned to benefit from the U.S. Department of the Treasury's 45X final rule guidance Ewoyaa Lithium Project received Ghanaian Mine Operating
Issued on behalf of Battery X Metals Inc. USA News Group News Commentary VANCOUVER, BC, Oct. 30, 2024 /PRNewswire/ -- The Battery Advocacy for Technology Transformation Coalition, a new group of battery material producers, is pressing U.S. lawmakers to revise the 2022 climate law, aiming to close loopholes that foreign entities of concern could exploit. This call comes amid broader concerns from the International Energy Agency (IEA), which warns that falling mineral prices may disguise risks of future scarcity in essential battery materials like lithium, copper, cobalt, nickel, and graphite. With the electric vehicle (EV) market accelerating globally, analysts at Fastmarkets highlight challe
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL)), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that it will release its third quarter 2024 earnings by 7:00 a.m. Eastern Time (U.S. and Canada), prior to the Nasdaq open on Tuesday, November 12, 2024. The Company will hold a conference call to discuss third quarter 2024 results on Tuesday, November 12, 2024, at 8:30 a.m. Eastern Time (U.S. and Canada). Access to the call is available via webcast or direct dial. A link to the webcast and direct dial numbers are provided below: PARTICIPANT INFORMATION (Public): Participant URL: https://events.q4
Piedmont shipped approximately 31,500 dmt of spodumene concentrate in Q3'24; targets 55,000 dmt in Q4 Record quarterly production of 52,141 dmt, up 5% from Q2'24 as NAL continues to increase production NAL achieved mill utilization of 91% and lithium recovery of 67% in Q3'24 Incident-free safety performance records achieved at NAL in September 2024 Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, announced that it shipped approximately 31,500 dry metric tons ("dmt") of spodumene concentrate in Q3'24 as its jointly owned North American Lithium ("NAL") ach
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that the Minerals Commission of Ghana has issued a Mine Operating Permit to the joint venture Ewoyaa Lithium Project ("Ewoyaa" or "Project") in Ghana. Ewoyaa is being developed in partnership with Atlantic Lithium Limited ("Atlantic Lithium") (AIM: ALL, ASX: A11). Receipt of the Mine Operating Permit marks an important milestone in achieving the regulatory approvals required to commence Project construction. The information presented in this announcement was originally released by Atlantic Lithium a
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that Ghana's Environmental Protection Agency ("EPA") has granted an environmental permit ("EPA Permit") to the Ewoyaa Lithium Project in Ghana. The Ewoyaa Project is being developed in partnership with Atlantic Lithium Limited ("Atlantic Lithium) (AIM:ALL, ASX:A11). In August 2023, the Company announced that it exercised its option to acquire a 22.5% interest in Ewoyaa, subject to government approvals, as part of its staged investment agreement to earn a 50% equity interest in Atlantic Lithium's Gha
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that Sayona Mining Limited ("Sayona") (ASX: SYA) reported a mineral resource update for North American Lithium in accordance with the JORC Code (2012). NAL is jointly owned by Piedmont (25%) and Sayona (75%). Sayona's announcement can be found here. The statements in the link above were prepared by, and made by, Sayona. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Sayona is not subject to U.S. reporting requirements or obligations
NAL Achieves Steady-State Production; Shipments Shift to Contract Customers NAL set quarterly records in Q2'24 for production (up 23% QoQ), lithium recovery (68%), and mill utilization (83%) NAL achieved steady-state production in June 2024; H2'24 production forecast supports Piedmont shipping guidance Piedmont revenue of $13.2 million on sales of approximately 14,000 dmt of spodumene concentrate in Q2'24 Piedmont plans H2'24 customer shipments of approximately 96,500 dmt of spodumene concentrate $59.0 million in cash as of June 30, 2024; capital expenditures and investments to significantly decrease in H2'24 Carolina Lithium mining permit received in Q2'24 from the state
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Creates a leading North American lithium producer and developer Piedmont and Sayona to combine in all-stock merger with ownership split of approximately 50% / 50% on a fully diluted basis immediately post-merger and prior to the conditional equity raising Creating a leading North American hard rock lithium producer with geographically advantaged spodumene resources of global scale Simplified corporate structure aligns North American Lithium ("NAL") offtake economics, and removes contractual complexities Unified ownership of NAL unlocks the potential for a significant brownfield expansion Combined scale provides strategic flexibility to combine and optimize downstream strategi
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL)), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that it will release its third quarter 2024 earnings by 7:00 a.m. Eastern Time (U.S. and Canada), prior to the Nasdaq open on Tuesday, November 12, 2024. The Company will hold a conference call to discuss third quarter 2024 results on Tuesday, November 12, 2024, at 8:30 a.m. Eastern Time (U.S. and Canada). Access to the call is available via webcast or direct dial. A link to the webcast and direct dial numbers are provided below: PARTICIPANT INFORMATION (Public): Participant URL: https://events.q4
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that it will release its second quarter 2024 earnings at 7:00 a.m. Eastern Time (U.S. and Canada), prior to the Nasdaq open on Thursday, August 8, 2024. The Company will hold a conference call to discuss second quarter 2024 results on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time (U.S. and Canada). Access to the call is available via webcast or direct dial. A link to the webcast and direct dial numbers are provided below: PARTICIPANT INFORMATION (Public): Participant URL: https://events.
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that it will release its first-quarter 2024 earnings at 7:00 a.m. Eastern Time (U.S. and Canada), prior to the Nasdaq open on Thursday, May 9, 2024. The Company will hold a conference call to discuss first-quarter 2024 results on Thursday, May 9, 2024, at 8:30 a.m. Eastern Time (U.S. and Canada). Access to the call is available via webcast or direct dial. A link to the webcast and direct dial numbers are provided below: PARTICIPANT INFORMATION (Public): Participant URL: https://events.q4inc.com/atten
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that it will release its fourth-quarter and full-year 2023 earnings following the Nasdaq close on Thursday, February 22, 2024. The Company will hold a conference call to discuss fourth-quarter and full-year 2023 results on Thursday, February 22, 2024, at 4:30 p.m. Eastern Time (U.S. and Canada). Access to the call is available via webcast or direct dial. A link to the webcast and direct dial numbers are provided below: PARTICIPANT INFORMATION (Public): Participant URL: https://events.q4inc.com/attend
Inaugural Revenue and Profit Recorded on Commencement of Lithium Concentrate Shipments Revenue of $47.1 million on sales of 29,011 dry metric tons (dmt) of lithium concentrate. Gross profit of $23.8 million, reflecting a gross profit margin of 50.4%. Net income of $22.9 million and adjusted net income(1) of $16.9 million. Diluted earnings per share of $1.19 and adjusted diluted earnings per share(1) of $0.88. Adjusted EBITDA(1) of $16.2 million, reflecting an adjusted EBITDA margin(1) of 34.3%. Cash and cash equivalents of $94.5 million at September 30, 2023. On track to deliver full-year shipment guidance of approximately 56,500 dmt of lithium concentrate. Piedmont
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that it will issue the release of its third quarter 2023 earnings at 7:00 AM Eastern Time (U.S. and Canada), prior to the Nasdaq open on Tuesday, November 7. The Company had previously announced that the earnings release would be issued on Monday, November 6, after the market close. The amendment to the schedule was made to better coincide with the timing of Piedmont's earnings call at 8:30 AM Eastern Time (U.S. and Canada) on November 7, and allow for the information to be disseminated outside of market
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that it will release its third-quarter 2023 earnings following the Nasdaq close on Monday, November 6. The Company will hold a conference call to discuss its third-quarter 2023 results on Tuesday, November 7, at 8:30 AM Eastern Time (U.S. and Canada). Access to the call is available via webcast or direct dial. A link to the webcast and direct dial numbers are provided below: PARTICIPANT INFORMATION (Public): Participant URL: https://events.q4inc.com/attendee/951511499 Participant Toll-Free Dial-In
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Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that additional high-grade drill results at North American Lithium ("NAL") in Quebec continue to demonstrate the potential for a significant upgrade to the mineral resource estimate. These new drill results follow similar assay results released in May 2024. The 2023-2024 drill program has identified multiple, new, high-grade lithium zones beyond the planned pit shell model, with intercepts at thicker and higher grades than previously encountered. Mineralization within the pit shell model has shown
One of the largest U.S. lithium projects recently cleared a key permitting milestone after lengthy delays. But it’s just one step in a nation where mine permitting is a key chokepoint for the Biden administration’s ambitions to ramp up domestic production of metals crucial to the energy transition. North Carolina-based Piedmont Lithium (NASDAQ:PLL) recently received a mining permit from the state for its lithium mining, concentrating and refining operation. The project has faced at least three years of local opposition over concerns that it could pollute drinking water. "Although this is largely company-specific news, any good news on permitting in (the) U.S. is good for domestic l
The growing trend of hybrid electric vehicle (HEV) adoption is poised to reshape the landscape for essential raw materials. Bill Peterson from JPMorgan outlines how this shift impacts the demand for lithium, rare earths, copper and aluminum. For investors, this shift comes with significant implications in related ETFs such as the Global X Lithium & Battery Tech ETF (NYSE:LIT), Amplify Lithium & Battery Technology ETF (NYSE:BATT), WisdomTree Battery Value Chain and Innovation Fund (NYSE:WBAT) and the United States Copper Index Fund (NYSE:CPER). Lithium and Rare Earths: Balancing Act The demand for lithium and rare earths is projected to decline due to lower battery electric vehicl
Top Stories for May 17, 2024: 1. BHP (NYSE:BHP) shareholders expect one last bid for Anglo American (OTC:AAUKF) before the regulatory deadline. Anglo rejected two previous offers, choosing to restructure and focus on copper and iron ore. Despite these moves, investor skepticism remains as Anglo’s shares trade below the bid price. Sources from both companies anticipate a third bid before the May 22 deadline. 2. McEwen Copper's (NYSE:MUX) majority owned by McEwen Mining reported successful assay results from the Los Azules project in Argentina. The recent drilling confirmed the deposit’s size and grade, indicating an increase in measured and indicated resources cl
As the electrification revolution accelerates, lithium — a critical raw material for batteries — stands at the forefront of the energy transition. North American lithium miners Piedmont Lithium Inc (NASDAQ:PLL), Lithium Americas Corp (NYSE:LAC), and American Battery Technology Co (NASDAQ:ABAT) are strategically positioned to benefit from this surge in demand. We look into recent insights from J.P. Morgan’s fireside chats with these companies to gauge their future prospects. Subsequently, we compare these stocks to determine which one offers greater upside potential. Here’s a quick peek into the three companies’ key metrics before we dive in: CompanyMarket Capitalization2023 Revenue
U.S. Antimony U.S. Antimony (AMEX:UAMY) reported its first-quarter (Q1) results with revenues rising 28% to $2.83 million and a 108% increase in gross profit due to a lower rise in sales costs. Operating expenses increased by 183%, partly due to non-cash stock compensation and net income for Q1 was $86k. The company ceased its Mexico operations, reduced overhead and shifted to a “Discontinued Operation.” Cash position improved to $11.94 million and chairman and co-CEO Gary C. Evans called the quarter a turning point, emphasizing improved U.S. operations and a strong cash position. Also Read: Anglo American Expedites Plan To Divest De Beers, Other Assets After Rebuffin
BMO Capital analyst Greg Jones maintains Piedmont Lithium (NASDAQ:PLL) with a Market Perform and raises the price target from $20 to $28.
Top Stories for May 9, 2024: Piedmont Lithium (NASDAQ:PLL) reported Q1 results with a record production of 40,439 dry metric tons (dmt) at North American Lithium, which achieved record lithium recoveries of 69%. The company expects full run-rate production in the second half of the year and plans to ship about 126,000 dmt for the full year, primarily in the second half. Revenue reached $13.4 million from sales of 15,500 dmt of spodumene concentrate, with $71.4 million in cash on hand as of March 31, 2024. Piedmont anticipates shipment volumes to double and investment costs to halve in the second half of 2024. A mining permit for Carolina Lithium was also issued in May 202
Piedmont Lithium (NASDAQ:PLL) reported quarterly losses of $(0.61) per share which missed the analyst consensus estimate of $(0.54) by 12.96 percent. This is a 10.91 percent decrease over losses of $(0.55) per share from the same period last year. The company reported quarterly sales of $13.400 million which missed the analyst consensus estimate of $15.367 million by 12.80 percent.