Piedmont Lithium Earnings Reports

Piedmont Lithium reported a net loss of $9.738 million for Q2 2025, with diluted EPS of -$0.44. The company shipped approximately 20,200 dmt of spodumene concentrate, generating $11.9 million in revenue. NAL achieved record production of 58,533 dmt and record lithium recovery and mill utilization rates.

Piedmont Lithium experienced a significant reduction in net loss and an increase in revenue in the first quarter of 2025, driven by higher sales volume of spodumene concentrate despite a decline in lithium prices. The company continued to focus on cost savings and strategic investments while navigating market headwinds.

Piedmont Lithium reported Q4 2024 results, achieving record shipments of spodumene concentrate and revenue. The company also exceeded its cost savings target and had a strong cash position. A merger agreement with Sayona Mining was entered into, expected to close in mid-2025.

Piedmont Lithium reported Q3 2024 financial results, highlighting record production at NAL and increased shipments. The company recognized revenue of $27.7 million from spodumene concentrate sales. Cost-saving measures and project advancements were also noted.

Piedmont Lithium reported Q2 2024 financial results, with revenue of $13.2 million from sales of approximately 14,000 dmt of spodumene concentrate. NAL achieved steady-state production in June 2024, with record quarterly production, lithium recovery, and mill utilization.

Piedmont Lithium reported Q1 2024 results, highlighting record quarterly production at North American Lithium (NAL) and the receipt of the Carolina Lithium mining permit. The company achieved revenue of $13.4 million from sales of approximately 15,500 dmt of spodumene concentrate and held $71.4 million in cash as of March 31, 2024.

Piedmont Lithium's Q4 2023 results were impacted by a sharp downturn in lithium prices, despite record production levels at North American Lithium (NAL) in December. The company is shifting towards multi-year customer contracts and reducing reliance on spot sales. Cost-saving measures, including workforce reduction, are being implemented to bolster the balance sheet amid market challenges.

Piedmont Lithium reported its Q3 2023 results, marking a transformational quarter with its first customer shipments from the North American Lithium joint-venture. The company achieved revenue of $47.1 million, a gross profit of $23.8 million, and a net income of $22.9 million. However, results were impacted by a 45% decline in spot lithium prices during the quarter.