Anuncio • Sep 11
Piedmont Lithium Inc. Files Form 15 Piedmont Lithium Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $0.0001 per share. Anuncio • Sep 03
Piedmont Lithium Inc.(NasdaqCM:PLL) dropped from Russell Small Cap Comp Value Benchmark Piedmont Lithium Inc.(NasdaqCM:PLL) dropped from Russell Small Cap Comp Value Benchmark New Risk • Sep 03
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$39m free cash flow). Earnings have declined by 32% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$11m net loss next year). Anuncio • Sep 02
Piedmont Lithium Inc.(NasdaqCM:PLL) dropped from NASDAQ Composite Index Piedmont Lithium Inc. has been dropped from the NASDAQ Composite Index Reported Earnings • Aug 09
Second quarter 2025 earnings released: US$0.004 loss per share (vs US$0.007 loss in 2Q 2024) Second quarter 2025 results: US$0.004 loss per share (improved from US$0.007 loss in 2Q 2024). Revenue: US$11.9m (down 10% from 2Q 2024). Net loss: US$9.74m (loss narrowed 27% from 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 45% per year. Anuncio • Aug 08
Piedmont Lithium Inc. Provides Shipment Guidance for Third Quarter, Fourth Quarter and Full Year of 2025 Piedmont Lithium Inc. Provides Shipment Guidance for third quarter, fourth quarter and Full Year of 2025. For the third quarter, the company expects shipments of 23,000 dry metric tons to 270,000 dry metric tons.
For the fourth quarter, the company expects shipments of 43,000 dry metric tons to 50,000 dry metric tons.
For the full year, the company expects shipments of 113,000 dry metric tons to 125,000 dry metric tons. New Risk • May 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$40m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$40m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$26m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Breakeven Date Change • May 12
No longer forecast to breakeven The 5 analysts covering Piedmont Lithium no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$26.5m in 2026. New consensus forecast suggests the company will make a loss of US$6.01m in 2026. New Risk • May 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$21m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Anuncio • May 08
Piedmont Lithium Inc. Provides Shipment Guidance for the Second Quarter and Full Year of 2025 Piedmont Lithium Inc. provided shipment guidance for the second quarter and full year of 2025. For the second quarter, the company expects shipments of 8,000 dry metric tons to 20,000 dry metric tons.
For the full year, the company expects shipments of 113,000 dry metric tons to 130,000 dry metric tons. New Risk • May 08
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$57m Forecast net loss in 1 year: US$21m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • May 08
First quarter 2025 earnings released: US$0.007 loss per share (vs US$0.012 loss in 1Q 2024) First quarter 2025 results: US$0.007 loss per share (improved from US$0.012 loss in 1Q 2024). Revenue: US$20.0m (up 49% from 1Q 2024). Net loss: US$15.6m (loss narrowed 34% from 1Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Anuncio • May 01
Piedmont Lithium Inc. to Report Q1, 2025 Results on May 07, 2025 Piedmont Lithium Inc. announced that they will report Q1, 2025 results on May 07, 2025 Anuncio • Apr 23
Piedmont Lithium Inc. Announces the Final Results from the North American Lithium 2024 Drilling Program Piedmont Lithium Inc. announced the final results received from the North American Lithium ("NAL") 2024 drilling program. NAL is North America's producing spodumene mine and is jointly owned by Piedmont (25%) and Sayona Mining Limited (75%). The 2024 drilling program was launched in February 2024 and concluded in December 2024. The program focused on the strategic objectives of enhancing the existing Mineral Resource Estimate ("MRE") and identifying additional mineralization which may lead to an increase of the MRE. Piedmont and Sayona will incorporate the latest drill results into an updated MRE, aiming to upgrade resource classification and increase overall resource tonnage. These results also reinforce the potential for expanding production at NAL. At the same time, they support improved mine planning to maximize project value and efficient resource development. Anuncio • Mar 24
Piedmont Lithium Inc.(ASX:PLL) dropped from S&P/ASX All Ordinaries Index Piedmont Lithium Inc.(ASX:PLL) dropped from S&P/ASX All Ordinaries Index Reported Earnings • Feb 21
Full year 2024 earnings released: US$0.033 loss per share (vs US$0.011 loss in FY 2023) Full year 2024 results: US$0.033 loss per share (further deteriorated from US$0.011 loss in FY 2023). Revenue: US$99.9m (up 151% from FY 2023). Net loss: US$64.8m (loss widened 197% from FY 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Anuncio • Feb 21
Piedmont Lithium Inc. Provides Shipment Guidance for the First Quarter and Full Year of 2025 Piedmont Lithium Inc. provided shipment guidance for the first quarter and full year of 2025. For the First quarter, the company expects shipments of 25,000 dry metric tons to 30,000 dry metric tons.
For the year, the company expects shipments of 113,000 dry metric tons to 130,000 dry metric tons. Anuncio • Feb 13
Piedmont Lithium Inc. to Report Q4, 2024 Results on Feb 20, 2025 Piedmont Lithium Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025 New Risk • Dec 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Anuncio • Nov 19
Sayona Mining Limited (ASX:SYA) entered into an Agreement and Plan of Merger to acquire Piedmont Lithium Inc. (ASX:PLL) for approximately $260 million. Sayona Mining Limited (ASX:SYA) entered into an Agreement and Plan of Merger to acquire Piedmont Lithium Inc. (ASX:PLL) for approximately $260 million on November 18, 2024. The consideration consists of common equity of Sayona Mining Limited at a ratio of 527 per common equity of Piedmont Lithium Inc. The transaction is subject to Approval by Piedmont and Sayona shareholders, International regulatory approvals, including approval from the Committee on Foreign Investment in the United States, approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and approval under the Investment Canada Act, Any required ASIC or ASX relief, Effectiveness of the proxy statement/prospectus with the U.S. Securities and Exchange Commission and Other customary conditions for a transaction of this nature. The Transaction has been unanimously approved by both the Piedmont and Sayona Boards of Directors. Buy side and sell side termination fee is $2.62 million. The Transaction is expected to close during the first half of calendar year 2025. J.P. Morgan is acting as exclusive financial advisor and John Gaffney and Michelle Gourley of Gibson Dunn, Thomson Geer, and Bennett Jones are acting as legal counsel to Piedmont. Morgan Stanley is acting as exclusive financial advisor and Herbert Smith Freehills, Avner Bengera and Jamie Yarbrough of Baker Botts and McCarthy Tétrault are acting as legal counsel to Sayona. Canaccord Genuity is acting as equity capital markets advisor to the Transaction. Reported Earnings • Nov 13
Third quarter 2024 earnings released: US$0.009 loss per share (vs US$0.012 profit in 3Q 2023) Third quarter 2024 results: US$0.009 loss per share (down from US$0.012 profit in 3Q 2023). Revenue: US$27.7m (down 41% from 3Q 2023). Net loss: US$16.7m (down 173% from profit in 3Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Breakeven Date Change • Nov 13 The 8 analysts covering Piedmont Lithium previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 33% per year to 2025. The company is expected to make a profit of US$27.3m in 2026.
Anuncio • Oct 30
Piedmont Lithium Inc. to Report Q3, 2024 Results on Nov 12, 2024 Piedmont Lithium Inc. announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Nov 12, 2024 Breakeven Date Change • Oct 09
Forecast breakeven date pushed back to 2026 The 8 analysts covering Piedmont Lithium previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 37% per year to 2025. The company is expected to make a profit of US$27.3m in 2026. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Anuncio • Sep 23
Piedmont Lithium Inc.(NasdaqCM:PLL) dropped from S&P/TSX Global Mining Index Piedmont Lithium Inc.(NasdaqCM:PLL) dropped from S&P/TSX Global Mining Index New Risk • Sep 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$44m free cash flow). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Aug 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$44m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Breakeven Date Change • Aug 09 The 6 analysts covering Piedmont Lithium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$11.5m in 2025. Average annual earnings growth of 0.2% is required to achieve expected profit on schedule.
Breakeven Date Change • Jul 31
Forecast to breakeven in 2025 The 6 analysts covering Piedmont Lithium expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$87.0k in 2025. Average annual earnings growth of 97% is required to achieve expected profit on schedule. Anuncio • Jul 23
Piedmont Lithium Inc. to Report Q2, 2024 Results on Aug 08, 2024 Piedmont Lithium Inc. announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Aug 08, 2024 Price Target Changed • Jun 21
Price target decreased by 15% to AU$0.42 Down from AU$0.50, the current price target is an average from 2 analysts. New target price is 183% above last closing price of AU$0.15. Stock is down 83% over the past year. The company posted a net loss per share of US$0.011 last year. Anuncio • Jun 21
Piedmont Lithium Announces High-Grade Drill Results Continue at North American Lithium Piedmont Lithium 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 continuity and consistency in grade and thickness. An additional 30,000 meters of exploration drilling at NAL is planned for 2024. NAL is the largest lithium operation in North America and is jointly owned by Piedmont (25%) and Sayona Mining Limited (75%). The operation has continued to achieve quarterly record spodumene concentrate volumes since restarting production in March 2023 and is targeting steady-state production in H2 2024. Anuncio • May 16
Piedmont Lithium Announces High-Grade Drill Results At North American Lithium Piedmont Lithium 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, northeast, and southeast margins. The drill results support potential conversion of Inferred Resources to Measured and Indicated Resources within the pit shell model and could lead to additional resource definition below the pit shell model at depth. NAL restarted production in March 2023 and has consistently achieved record production volumes each quarter. New Risk • May 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$55m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$55m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Breakeven Date Change • May 07
Forecast breakeven date moved forward to 2024 The 8 analysts covering Piedmont Lithium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$981.8k in 2024. Earnings growth of 102% is required to achieve expected profit on schedule. Anuncio • May 01
Piedmont Lithium Inc., Annual General Meeting, Jun 13, 2024 Piedmont Lithium Inc., Annual General Meeting, Jun 13, 2024, at 11:00 US Eastern Standard Time. Agenda: To elect the three Class I director nominees, each to serve for a three-year term until the 2027 Annual Meeting of Stockholders and until their successors are duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024; to approve the compensation of the company's named executive officers; to approve the grant of up to 169,903 stock options to Mr. Keith Phillips; to approve the grant of up to 64,362 restricted stock units to Mr. Keith Phillips; to approve the grant of up to 257,442 performance stock units to Mr. Keith Phillips; to approve the grant of up to 13,976 restricted stock units to Mr. Jeff Armstrong; to approve the grant of up to 7,724 restricted stock units to Ms. Christina Alvord; to approve the grant of up to 7,724 restricted stock units to Mr. Claude Demby; and to consider other matters. Anuncio • Apr 26
Piedmont Lithium Inc. to Report Q1, 2024 Results on May 09, 2024 Piedmont Lithium Inc. announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on May 09, 2024 Anuncio • Apr 05
Austin D. Devaney Transitions from His Position as Executive Vice President and Chief Commercial Officer of Piedmont Lithium Inc On March 31, 2024, Austin D. Devaney transitioned from his position as Executive Vice President and Chief Commercial Officer of Piedmont Lithium Inc. to a consulting role as Senior Commercial Advisor. Mr. Devaney will continue to be integrally involved in the Company's commercial strategy and in several of the Company's most important commercial relationships, working in an advisory capacity while he pursues other professional and personal interests. Anuncio • Mar 20
Piedmont Lithium Inc. Appoints Dawne Hickton as Board of Directors Piedmont Lithium Inc. 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 Boards executive, operational, and strategic guidance to the Company. Dawne has an expansive background in board leadership as a highly regarded executive with an impressive career leading global manufacturing supply chain companies in multiple industries. We are confident she will add valuable insights and perspectives as we advance Piedmonts business strategy in the global lithium market and drive efforts to enhance value for shareholders. Keith Phillips, President and CEO of Piedmont Lithium, added, Dawne is a transformative leader with cross-industry experience and a remarkable depth of expertise. She has been both a public and private company CEO and has established a record of leading organizations through important periods of growth. We look forward to working with her as we advance our mission to supply the U.S. with lithium resources through our portfolio of projects. Ms. Hickton brings decades of corporate leadership experience to her position on Piedmonts Board as well as a history of operational, commercial, financial, and strategic success. She currently serves as the Chair and CEO of Cumberland Additive Inc., a metal additive manufacturer of solutions for the aerospace, defense, energy, and space markets. Ms. Hickton also serves as a member of the National Space Council Users Advisory Group, which is chaired by the Vice President of the United States to enable and propel Americas space objectives. Prior to her current role, Ms. Hickton was the Executive Vice President of Jacobs and President of its Critical Mission Solutions business line, which provides engineering design and support services for NASA, the U.S. Department of Energy, and other national security priorities. She also held the position of Vice Chair, President, and CEO of RTI International Metals Inc, a billion-dollar, vertically integrated global supplier of titanium mill products and fabricated metal components. Ms. Hickton is a Trustee for the University of Pittsburgh and an emeritus member of the Board of the Smithsonian National Air and Space Museum. She is a graduate of the University of Rochester and earned a Juris Doctor degree from the University of Pittsburgh School of Law. Price Target Changed • Mar 08
Price target decreased by 47% to AU$0.50 Down from AU$0.94, the current price target is an average from 2 analysts. New target price is 138% above last closing price of AU$0.21. Stock is down 74% over the past year. The company is forecast to post earnings per share of US$0.10 next year compared to a net loss per share of US$0.011 last year. New Risk • Feb 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Feb 26
Price target decreased by 10.0% to AU$0.90 Down from AU$1.00, the current price target is an average from 2 analysts. New target price is 362% above last closing price of AU$0.20. Stock is down 78% over the past year. The company is forecast to post earnings per share of US$0.05 next year compared to a net loss per share of US$0.0074 last year. Breakeven Date Change • Feb 26
Forecast breakeven date pushed back to 2025 The 7 analysts covering Piedmont Lithium previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$89.4m in 2025. Average annual earnings growth of 133% is required to achieve expected profit on schedule. New Risk • Feb 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$55m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$55m free cash flow). Minor Risk Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Anuncio • Feb 16
Piedmont Lithium Inc. to Report Q4, 2023 Results on Feb 22, 2024 Piedmont Lithium Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 22, 2024 Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2024 The 8 analysts covering Piedmont Lithium previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$90.2m in 2024. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Price Target Changed • Dec 21
Price target decreased by 28% to AU$1.15 Down from AU$1.60, the current price target is an average from 2 analysts. New target price is 171% above last closing price of AU$0.42. Stock is down 38% over the past year. The company is forecast to post earnings per share of US$0.05 next year compared to a net loss per share of US$0.0074 last year. Anuncio • Nov 03
Piedmont Lithium Announces Initial 2023 Drill Campaign Results from the Jointly Owned North American Lithium Project Piedmont Lithium announced that initial 2023 drill campaign results from the jointly owned North American Lithium (“NAL”) project have identified multiple, thick, high-grade spodumene-bearing pegmatites. Drill results identified new, high-grade mineralized zones along the northwest margin of the NAL deposit, beyond the current NAL pit operations and the planned pit shell model. Additionally, mineralization from inside the pit shell model shows continuity and consistency in grade and thickness, providing the potential for mineral resource conversion within the pit shell model as well as definition below the existing pit. NAL is a wholly owned project of Sayona Quebec, a joint venture between Piedmont (25%) and Sayona Mining (75%). Piedmont holds an offtake agreement to purchase the greater of 113,000 metric tons per year or 50% of the spodumene concentrate production from North American Lithium at a ceiling price of $900 per metric ton (SC-6.0%) on a life-of-mine basis. Anuncio • Oct 19
Piedmont Lithium Inc. to Report Q3, 2023 Results on Nov 06, 2023 Piedmont Lithium Inc. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023 Price Target Changed • Sep 12
Price target decreased by 12% to AU$1.68 Down from AU$1.90, the current price target is an average from 2 analysts. New target price is 143% above last closing price of AU$0.69. Stock is down 24% over the past year. The company is forecast to post earnings per share of US$0.05 next year compared to a net loss per share of US$0.0074 last year. Price Target Changed • Sep 11
Price target decreased by 9.0% to AU$1.78 Down from AU$1.95, the current price target is an average from 2 analysts. New target price is 165% above last closing price of AU$0.67. Stock is down 25% over the past year. The company is forecast to post earnings per share of US$0.05 next year compared to a net loss per share of US$0.0074 last year. Anuncio • Aug 18
Piedmont Lithium Inc. (ASX:PLL) acquired 22.5 stake in Ewoyaa Lithium Project from Atlantic Lithium Limited (AIM:ALL). Piedmont Lithium Inc. (ASX:PLL) acquired 22.5 stake in Ewoyaa Lithium Project from Atlantic Lithium Limited (AIM:ALL) on August 17, 2023. Jeff Keatng and Charlie Bouverat of SP Angel Corporate Finance LLP, Raj Khatri and James Asensio of Canaccord Genuity Limited acted as financial advisor to Atlantic Lithium Limited (AIM:ALL).
Piedmont Lithium Inc. (ASX:PLL) completed the acquisition of 22.5 stake in Ewoyaa Lithium Project from Atlantic Lithium Limited (AIM:ALL) on August 17, 2023. Anuncio • Jul 29
Piedmont Lithium's Tennessee Project Receives Final Permit Required to Advance to Construction Piedmont Lithium announced that the Tennessee Department of Environment and Conservation issued a Conditional Major Non-Title V Construction and Air Permit (“Air Permit”) for the Company’s proposed Tennessee Lithium project in McMinn County, Tennessee. With receipt of the Air Permit for the planned 30,000 metric ton per year (“tpy”) lithium hydroxide manufacturing plant, Piedmont Lithium now holds all the material permits required to begin construction at Tennessee Lithium. The Air Permit issuance marks an important step in developing the approximately $800 million project, which will help significantly bolster the current U.S. lithium hydroxide production capacity of approximately 17,000 tpy. Piedmont Lithium previously announced robust project economics for Tennessee Lithium in a definitive feasibility study (“DFS”) released in April of this year. With a project net present value of $2.5 billion and internal rate of return of 32%, the DFS underscored the positive impact of America’s clean energy policies and the value of the Company’s hard-rock production strategy. In October 2022, Tennessee Lithium was selected by the United States Department of Energy to receive a $141.7 million grant to support the construction of the project. The funding process related to the grant continues to progress as Piedmont Lithium and its advisors commence discussions with potential strategic partners for the balance of funding required for the project. Piedmont Lithium’s intent is to secure necessary funding from partners or lenders. Plans to lease and renovate local office space are developing with the goal of supporting the revitalization efforts of downtown Etowah, Tennessee. Workforce development activities have also begun with local technical schools to develop key training programs and curricula for certain positions. Piedmont Lithium plans to hire 120 employees when Tennessee Lithium is operational. Hiring is expected to begin in second half 2023 and continue through 2026 to support construction and prepare for commercial production. Price Target Changed • Jul 04
Price target decreased by 8.4% to AU$1.90 Down from AU$2.08, the current price target is an average from 2 analysts. New target price is 113% above last closing price of AU$0.89. Stock is up 66% over the past year. The company is forecast to post earnings per share of US$0.07 next year compared to a net loss per share of US$0.0074 last year. New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$66m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$66m free cash flow). Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Anuncio • Jun 23
Piedmont Lithium Inc. Expands Senior Leadership Piedmont Lithium announced the strategic addition of two new senior leaders to support its global portfolio of projects. James Griffiths, a global industrials and corporate finance expert, has been named Senior Vice President of Corporate Development and Treasury; Kara deBorde, an award-winning risk manager with broad-based leadership experience, has joined as Vice President of Risk Management. As Piedmont’s Senior Vice President of Corporate Development and Treasury, Griffiths is responsible for advancing Piedmont’s strategic priorities and capital plans, providing leadership guidance on mergers and acquisition (M&A), joint venture, and strategic investment activities, along with associated capital structure and financing plans. With a background in investment banking and management consulting spanning 17 years, he has advised on a range of M&As, divestitures, and debt and equity capital raisings for public and private companies. Most recently, he served as a Director in the Global Industrials Group at Bank of America, working with some of the unit’s largest clients to help raise debt and equity financing and advising on M&A. Prior to that, Griffiths was a Vice President in the fixed-income futures, options, and cleared derivatives business, helping clients navigate the transition from over the counter to central cleared derivatives. He began his career at Accenture in its financial services management consulting business. As a UK native, Griffiths earned a bachelor’s degree in computer science from Lancaster University. As the Company’s Vice President of Risk Management, deBorde is responsible for identifying, formulating, coordinating, and implementing all risk-related activities and procedures. With a background spanning more than 20 years, she has cultivated robust experience in strategic risk management vision, loss protection, savings, and analytics. Most recently, deBorde served as Senior Director of Risk Management at TC Transcontinental. Her career also includes positions with Coveris, S.A.; Michelin North America; S.B. Phillips Company; and Liberty Mutual Insurance. deBorde earned a bachelor’s degree in management from the University of South Carolina. Price Target Changed • May 07
Price target increased by 14% to AU$2.08 Up from AU$1.83, the current price target is an average from 2 analysts. New target price is 166% above last closing price of AU$0.78. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$0.042 next year compared to a net loss per share of US$0.0074 last year. Board Change • May 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. MD, CEO, President & Director Keith Phillips is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Mar 23
Price target decreased by 7.6% to AU$1.83 Down from AU$1.98, the current price target is an average from 2 analysts. New target price is 137% above last closing price of AU$0.77. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$0.054 next year compared to a net loss per share of US$0.0074 last year. 
