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 |
---|---|---|---|
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 |
10/27/2022 | $95.00 → $108.00 | Buy | B. Riley Securities |
5/23/2022 | $90.00 | Outperform | Cowen |
7/23/2021 | $85.00 | Buy | DA Davidson |
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
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
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
Piedmont shipped approximately 14,000 dmt of spodumene concentrate in Q2'24; targets 96,500 dmt in H2'24 Record quarterly production of 49,660 dmt, up 23% from Q1'24 as NAL nears H2'24 steady-state production target New quarterly highs achieved for lithium recovery at 68% and process plant utilization at 83% Crushed ore dome now operational and expected to further improve production levels and utilization rates 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 shipped approximately 14,000 dry metric tons ("dmt") of spodumene co
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 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
Latest results for 34 new drillholes totalling 7,853m for Sayona's Moblan Lithium Project, Québec, Canada with highlights including: New South Pegmatites (East): 41.80m @ 1.44% Li2O from 206.20m in drillhole 1331-23-51540.00m @ 1.37% Li2O from 253.00m in drillhole 1331-23-516 New South Pegmatites (West): 39.55m @ 1.63% Li2O from 38.00m in drillhole 1331-23-678 Moleon Pegmatites: 44.95m @ 1.56% Li2O from 81.05m in drillhole 1331-23-68946.75m @ 1.49% Li2O from 197.35m in drillhole 1331-23-689 All assay results of the 2023 drilling campaign are now complete, validated and released. New drilling results illustrate the potential connection between the Main, South, New South, Inter and Moleon s
Latest results for 94 new drillholes totalling 20,735m for Sayona's Moblan Lithium Project, Québec, Canada with highlights including: South Pegmatites: 40.70m @ 1.52% Li2O from 130.50m in drillhole 1331-23-53778.20m @ 1.55% Li2O from 51.50m in drillhole 1331-23-67957.05m @ 1.48% Li2O from 41.15m in drillhole 1331-23-684 Inter Pegmatites: 44.75m @ 1.41% Li2O from 250.15m in drillhole 1331-23-46149.70m @ 1.61% Li2O from 143.30m in drillhole 1331-23-50345.00m @ 1.17% Li2O from 291.50m in drillhole 1331-23-513 Moleon Pegmatites: 30.20m @ 1.73% Li2O from 158.80m in drillhole 1331-23-55244.25m @ 1.29% Li2O from 214.00m in drillhole 1331-23-58242.75m @ 1.85% Li2O from 176.80m in drillhole 1331-23-5
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 executive and senior leadership participation in the following upcoming industry conferences: TD Cowen Sustainability Week – virtual, May 21-23 KeyBanc Industrials and Basic Materials Conference – Boston, Massachusetts, May 28-30 THE Mining Investment Event of the North – Quebec City, Quebec, June 4-6 Evercore ISI Global Clean Energy and Transition Technologies Summit – New York City, New York, June 11–12 Benchmark Giga USA 2024 and World Lithium Congress – Washington D.C., June 11-13
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 new and expanded high-grade lithium mineralization zones have been identified at North American Lithium ("NAL") in Quebec. NAL is jointly owned by Piedmont (25%) and Sayona Mining Limited (75%). The results of the 2023 NAL drill program indicate the potential for a significant mineral resource upgrade and possible mine life extension. Multiple thick, high-grade spodumene-bearing pegmatites were discovered beyond current NAL pit operations and the planned pit shell model along the northwest, n
USA News Group Commentary Issued on behalf of Lithium South Development Corporation VANCOUVER, BC, May 3, 2024 /PRNewswire/ -- USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Co
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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.
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
B. Riley Securities resumed coverage of Piedmont Lithium with a rating of Buy and set a new price target of $108.00 from $95.00 previously
Cowen initiated coverage of Piedmont Lithium with a rating of Outperform and set a new price target of $90.00
DA Davidson initiated coverage of Piedmont Lithium with a rating of Buy and set a new price target of $85.00
JP Morgan reiterated coverage of Piedmont Lithium with a rating of Overweight and set a new price target of $84.00 from $86.00 previously