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Piedmont Lithium Inc. reported record quarterly production at North American Lithium (NAL), achieving 40,439 dry metric tons of spodumene concentrate in Q1’24 with strong lithium recoveries. The Carolina Lithium mining permit was received in May 2024, accelerating funding discussions. Revenue reached $13.4 million, cash stood at $71.4 million, and the outlook for 2024 includes doubling shipments and reducing investments by over 50% in H2’24 vs. H1’24.
Piedmont Lithium announced the shipment of approximately 15,500 dmt of spodumene concentrate in Q1’24, achieving record quarterly production of 40,439 dmt at North American Lithium. The company targets steady-state operations in H2’24, with a forecast of shipping around 126,000 dmt in 2024.