On August 27, 2024, Piedmont Lithium Inc. (PLL) issued an SEC Form 8-K detailing its financial statements and exhibits.

Piedmont Lithium Inc. Q2 2024 Highlights

Piedmont Lithium has reported steady-state production achievements for North American Lithium (NAL), setting quarterly records in Q2’24. The production increased by 23% from the previous quarter, reaching approximately 14,000 dmt of spodumene concentrate.

Significant Production and Revenue

NAL achieved impressive lithium recovery rates at 68% and improved mill utilization at 83%, reflecting its operational efficiencies. The company recorded revenues of $13.2 million on sales of spodumene concentrate, with future shipments projected to reach 96,500 dmt for the second half of 2024.

Strategic Developments

Piedmont Lithium Inc. continues to advance its mining projects with the receipt of a crucial mining permit in North Carolina during Q2’24. This milestone supports the company’s strategy to bolster lithium production for the U.S. electric vehicle market.

Overall, Piedmont Lithium Inc. remains at the forefront of the lithium industry, maintaining its position as a key supplier within the U.S. EV supply chain.

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