<a href="https://laohu8.com/S/PLL">Piedmont Lithium</a> Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Revenue of $11.9M with Improved Operating Costs and Record Production Levels
Piedmont Lithium Inc. has released its financial results for the second quarter of 2025. The company reported shipments of approximately 20,200 dry metric tons (dmt) of spodumene concentrate, generating $11.9 million in revenue for the period. The realized price per dmt was $587. North American Lithium (NAL), a key part of Piedmont's operations, achieved a production record of 58,533 dmt of spodumene concentrate, with lithium recovery at 73% and mill utilization at 93%. The company expects to ship between 113,000 to 125,000 dmt of spodumene concentrate for the entirety of 2025, supported by planned production at NAL. Operating costs at NAL improved, with unit costs decreasing by 10% quarter-over-quarter to A$1,232 (US$791) per dmt sold. Piedmont had $56.1 million in cash and cash equivalents as of June 30, 2025, and remains focused on disciplined capital allocation. The company has adjusted near-term land acquisitions at its Carolina Lithium Project to conserve capital while continuing to pursue critical permits. In other updates, Piedmont has adjourned its Special Meeting of Stockholders related to the proposed merger with Sayona Mining to August 11, 2025, allowing additional time for shareholder voting. Additionally, at the Ewoyaa Lithium Project in Ghana, revised terms of the Mining Lease are under negotiation, with development contingent on lease ratification, regulatory approvals, market conditions, and project financing.
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