Merger Announcement - Piedmont Lithium Inc. announced an update regarding the proposed merger with Sayona Mining Ltd, aiming to create a leading lithium business[5] - The merger was initially announced on November 19, 2024, indicating a strategic move to enhance market position in the lithium sector[5] - The press release detailing the merger update was issued on April 10, 2025, reflecting ongoing developments in the company's strategic initiatives[5]

Table of Contents FORM 10-K ________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission File Number 001-38427 Piedmont Lithium Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ (Exact name of Regist ...

Financial Data and Key Metrics Changes - In Q4 2024, Piedmont Lithium shipped approximately 55,700 dry metric tons, a quarterly record, and recognized $45.6 million in revenue compared to $27.7 million in the previous quarter, driven by increased volume [18][20] - The realized price per metric ton was $818 for the quarter, equating to $909 on an SC6 equivalent basis, indicating strong price realizations despite market conditions [19][30] - The company ended the year with $87.8 million in cash, up from $64.4 million at the end of September 2024 [20] Business Line Data and Key Metrics Changes - North American Lithium (NAL) produced nearly 51,000 tons in Q4 2024 and over 190,000 tons for the full year, with cash operating costs at NAL reaching a new low of $709 per ton in Q4 2024 [9][11] - The company successfully reduced corporate expenses as part of its 2024 cost savings plan, achieving a $14 million reduction in annual run rate spending [22][25] Market Data and Key Metrics Changes - The lithium market saw a record year for EV sales in 2024, with approximately 17 million EVs sold globally, particularly driven by growth in the Chinese market [32] - Demand for lithium is expected to grow significantly, with energy storage systems projected to represent 34% of total lithium demand by 2030 [33] Company Strategy and Development Direction - The company is focused on advancing its projects, particularly in North Carolina and Ghana, while maintaining a measured pace due to current market conditions [15][17] - The planned merger with Sayona Mining aims to create the largest lithium producer in North America, enhancing operational efficiency and growth potential [34][36] Management's Comments on Operating Environment and Future Outlook - Management expressed a medium- to long-term bullish outlook for the lithium industry, despite short-term uncertainties and volatility [48][52] - The company is preparing for a challenging 2025, focusing on cost containment and cash management [22][26] Other Important Information - The company received its state mining permit in 2024, and a petition to challenge that permit was voluntarily withdrawn [15] - The merger with Sayona is expected to close around mid-2025, pending SEC review and shareholder votes [55][59] Q&A Session Summary Question: Impact of tariffs on shipments - Management noted that a potential 10% tariff on critical minerals would be paid by American customers, which may not significantly impact their decision-making [42][44] Question: Supply-demand expectations - Management indicated uncertainty in the near term but remains medium- to long-term bullish, citing potential demand growth from energy storage [48][52] Question: Merger completion timing - The merger is expected to close around mid-2025, with SEC review being the primary hurdle [55][59] Question: Update on Ghana project - Management expressed optimism about the new leadership in Ghana being more favorable towards critical minerals development [62] Question: Industry projects in Quebec - Management highlighted the importance of local processing capacity and potential partnerships to improve margins and reduce transportation costs [70][76] Question: Ewoyaa project development timeline - Management indicated that project advancement would depend on market conditions, with a preference to wait for stronger spodumene prices before proceeding [84]

分组1 - Piedmont Lithium Inc. reported a quarterly loss of $0.55 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.43, and an improvement from a loss of $1.23 per share a year ago, indicating an earnings surprise of -27.91% [1] - The company posted revenues of $45.59 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 28.32%, compared to revenues of -$7.31 million in the same quarter last year [2] - Piedmont Lithium shares have declined approximately 6.2% since the beginning of the year, contrasting with the S&P 500's gain of 4.5% [3] 分组2 - The earnings outlook for Piedmont Lithium is currently unfavorable, with a Zacks Rank of 4 (Sell), suggesting that the shares are expected to underperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $49.82 million, and for the current fiscal year, it is -$0.91 on revenues of $130.49 million [7] - The Mining - Miscellaneous industry, to which Piedmont Lithium belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating a challenging environment for stock performance [8]

Production and Shipment - Piedmont Lithium shipped approximately 55,700 dry metric tons (dmt) of spodumene concentrate in Q4'24, a 77% increase from Q3'24[2] - The company achieved a total of 116.7 kt dmt of concentrate shipped for FY 2024, representing a 170% increase compared to FY 2023[2] - NAL produced 50.9 kt dmt of concentrate in Q4'24, with a slight decline of 2% from the previous quarter, but still maintaining production above 50,000 dmt for two consecutive quarters[3] - NAL's ore mined increased by 54% quarter-over-quarter to 370.4 kt wmt in Q4'24, and total ore mined for FY 2024 reached 1,195.5 kt wmt, a 35% increase year-over-year[2] Financial Performance - Piedmont recorded $87.8 million in cash and cash equivalents as of December 31, 2024[4] Mergers and Agreements - Piedmont and Sayona Mining signed a definitive agreement to merge in an all-stock transaction, aimed at creating a leading North American hard rock lithium producer[3] Production Guidance and Utilization - The company is on track to meet Sayona Mining's fiscal year 2025 production guidance of 190,000 – 210,000 dmt[3] - Mill utilization at NAL was 90% in Q4'24, slightly down from 91% in Q3'24, impacted by a planned shutdown and weather-related issues[3] Lithium Recovery and Quality - The average lithium grade remained stable at approximately 5.4% Li O2 in Q4'24, consistent with previous quarters[2] - Lithium recovery improved to 68% in Q4'24, aligning with the life-of-mine target set in the 2023 Definitive Feasibility Study[3]

Group 1: Merger Overview - Piedmont Lithium (PLL) and Sayona Mining Limited have entered into an all-stock merger agreement to form a unified company, MergeCo, focused on hard rock lithium production [1] - The merger has been unanimously approved by the boards of both companies, pending shareholder and regulatory approvals, expected to close in the first half of 2025 [2] - MergeCo will have a 50%-50% equity holding for shareholders of both companies and will be domiciled in Australia while maintaining a Nasdaq listing [2] Group 2: Strategic Positioning - MergeCo will combine complementary businesses and is expected to become a leader in North American lithium production, with three high-quality development projects and potential for brownfield expansion at North American Lithium (NAL) [1][3] - NAL is the largest lithium operation in North America, targeting 226,000 metric tons per year of spodumene concentrate production [3] Group 3: Operational Synergies - The merger aims to create a simpler and stronger lithium business with low capital intensity and a lower cost base [4] - Shared benefits from synergies, including optimized logistics and procurement, are expected to lower operating costs, while marketing synergies will enhance customer relationships [4] - A strengthened balance sheet will enable MergeCo to fund and accelerate growth plans [4] Group 4: Market Context - There has been a downtrend in lithium prices due to slowing demand growth for electric vehicles (EVs), inventory glut, and increased supply, but long-term prospects for lithium remain robust [5] - Demand for lithium is expected to accelerate due to significant global EV adoption and increasing use in energy storage systems [5] Group 5: Company Performance - Piedmont's shares have underperformed, losing 58.2% in the past year compared to the industry's 9.7% decline [6]

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.0001 par value per share PLL The Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q ________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE S ...

Financial Data and Key Metrics Changes - The company reported significant changes in financial performance, with specific metrics to be detailed in the earnings release [4]. Business Line Data and Key Metrics Changes - Detailed performance metrics for each business line will be provided by the CFO during the financial results review [2]. Market Data and Key Metrics Changes - Market-specific data and performance indicators will be discussed in the context of the company's operational updates [2]. Company Strategy and Development Direction - The company is expected to outline its strategic direction and competitive positioning within the industry during the call [2]. Management's Comments on Operating Environment and Future Outlook - Management will provide insights on the current operating environment and future expectations, highlighting any potential challenges or opportunities [3]. Other Important Information - The call will include forward-looking statements and non-GAAP financial measures, with reconciliations available in the earnings release [3][4]. Q&A Session Summary Question: What are the expectations for future revenue growth? - Management will address revenue growth expectations during the Q&A session, providing insights into market conditions and company strategies [2]. Question: How is the company positioned against competitors? - The competitive landscape and the company's positioning will be discussed, focusing on strategic advantages and market share [2]. Question: What are the key risks identified for the upcoming quarters? - Management will outline key risks that could impact performance in the near term, including market volatility and operational challenges [3].

Piedmont Lithium Inc. (PLL) came out with a quarterly loss of $0.86 per share versus the Zacks Consensus Estimate of a loss of $0.46. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -86.96%. A quarter ago, it was expected that this company would post a loss of $0.29 per share when it actually produced a loss of $0.69, delivering a surprise of -137.93%.Over the last four quarters, the company ...

PRESS RELEASE | November 12, 2024 | NASDAQ: PLL PIEDMONT LITHIUM REPORTS Q3 2024 RESULTS NAL Production & Safety Records; Strong Commercial Performance for Company • NAL set new quarterly record for production (~52,100 dmt) and mill utilization (91%); lithium recovery steady (67%) • Piedmont had record shipments of approximately 31,500 dmt of spodumene concentrate and recorded revenue of $27.7 million in Q3'24 • Piedmont achieved industry-leading price realizations in Q3'24 in difficult market environment • ...