Loading...
•
Jun 30
Piedmont Lithium Q2 2025 Earnings Report
Piedmont Lithium reported its second quarter 2025 financial results, with a net loss of $9.738 million and diluted EPS of -$0.44.
Key Takeaways
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 shipped approximately 20,200 dmt of spodumene concentrate, generating $11.9 million in revenue in Q2'25.
NAL achieved a new quarterly production record of 58,533 dmt of spodumene concentrate, with lithium recovery averaging 73% and mill utilization of 93%.
Piedmont reported a net loss of $9.738 million and diluted EPS of -$0.44 for the quarter.
Piedmont adjourned its Special Meeting of Stockholders related to the proposed merger with Sayona Mining to August 11, 2025, to allow additional time for shareholders to vote.
Piedmont Lithium
Piedmont Lithium
Forward Guidance
Piedmont expects to ship approximately 113,000 to 125,000 dmt of spodumene concentrate in full-year 2025. Capital expenditures are expected to be less than $1 million in Q3'25, and investments in and advances to affiliates are projected to be $13-18 million for FY25.
Positive Outlook
- Planned production at North American Lithium (NAL) supports the Company's 2025 shipment guidance.
- Piedmont expects to ship approximately 113,000 to 125,000 dmt of spodumene concentrate in full-year 2025.
- The final results from the 2024 NAL drilling program reinforce the potential for a future expansion at NAL.
- Piedmont and Sayona Mining are continuing to explore commingling shipments to achieve material transport cost savings and improve profitability.
- Payments to affiliates are expected to substantially reduce in 2025 compared to 2024.
Challenges Ahead
- Development of the Ewoyaa Lithium Project remains subject to the outcome of the mining lease ratification, additional regulatory approvals, prevailing market conditions, and project financing.
- Piedmont adjusted near-term land acquisitions at the Carolina Lithium Project to conserve capital due to current lithium market conditions.
- The proposed merger with Sayona Mining required an adjournment of the Special Meeting of Stockholders to allow additional time for shareholders to vote.
- The outlook for forecasted capital expenditures and investments in and advances to affiliates is subject to market conditions.
- The company increased its outlook for full year cash contributions to affiliates despite maintaining operational discipline.