PLL News & Events

Reports Q2 revenue $11.86M, consensus $24.62M. "NAL continued to demonstrate strong operational performance in the second quarter amidst a challenging lithium market," said Keith Phillips, President and CEO of Piedmont Lithium. "NAL achieved record lithium recovery and mill utilization rates, resulting in record quarterly production and sales, which include over 20,000 tons delivered to and sold by Piedmont. As we approach our Special Meeting on August 11, we encourage all shareholders to vote on the proposed merger with Sayona Mining, which we believe is a strategic step toward enhancing long-term value."

Piedmont Lithium reaffirmed its strong support for the proposed merger with Sayona Mining and reminds shareholders to vote on the proposed merger prior to the deadline of 11:59 p.m. ET on Wednesday, July 30. The company is pleased to report that the votes received to date have been overwhelmingly in favor of the merger. In addition, the leading U.S. and Australian independent proxy advisory firms have recommended that shareholders support all three proposals to be considered at the upcoming special meeting. For the transaction to proceed, the company requires a majority of shares outstanding are voted in favor of the merger, so it is critical to maximize shareholder vote turnout to achieve the quorum for the upcoming meeting.

Reports Q1 revenue $20.0M, consensus $39.76M. The company said, "Our first quarter results reflect continued operational progress and the resilience of our team. We achieved record lithium recoveries at North American Lithium and the operation remains on track to meet shipment and cost guidance, despite weather-related impacts to mill utilization. In addition, we continued to take a disciplined approach to capital spending while making strong progress toward our planned merger with Sayona. We believe the proposed combination will enhance value for shareholders and position Elevra Lithium as a leading supplier to the North American battery supply chain."