About this content About Sam Kiri Sam  has over 10 years of capital markets and asset management experience in both North America and the Pacific Rim, with primary focus on Resources and Oil & Gas sectors. He spent three years with Scotia Bank as an International Equity analyst, and was responsible for the management of the Scotia Pacific Rim Mutual Fund. Sam is a CFA Charter Holder, a qualified Management Accountant and has a MBA in Finance. Sam was involved in several public listings in London and Toro ...

EARNINGS PRESENTATION FIRST QUARTER 2025 :PLL ARBN 647 286 360 :PLL May 7, 2025 DISCLAIMERS Forward Looking Statements 2 Q1'25 EARNINGS SNAPSHOT This presentation contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, construction and production activities of Sayona Mining, Atlantic Lithium and Piedmont Lithium; current plans for Piedmont's mineral and chemical processing ...

Piedmont Lithium Inc. (PLL) came out with a quarterly loss of $0.71 per share versus the Zacks Consensus Estimate of a loss of $0.50. This compares to loss of $0.61 per share a year ago. These figures are adjusted for non-recurring items. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations ha ...

Piedmont Lithium (PLL) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants ​John Koslow - IR Manager and FP&AKeith Phillips - MD, CEO, President & DirectorMichael White - Executive VP & CFONoel Parks - Managing Director - Energy Research Operator Thank you for standing by. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Piedmont Lithium Earnings Conference Call. All lines have been placed on mute to ...

Piedmont Lithium (PLL) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Thank you for standing by. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Piedmont Lithium Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the call over to Mr. John Coslow, Investor R ...

Table of Contents 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 March 31, 2025 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. (Exact name of R ...

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]

Group 1: Company Performance - Piedmont Lithium Inc. (PLL) shares increased by 24.6% to close at $8.91, with notable trading volume compared to typical sessions, and a 5.5% gain over the past four weeks [1] - The consensus EPS estimate for Piedmont Lithium has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [6] Group 2: Merger and Corporate Developments - Piedmont Lithium and Sayona Mining Limited have made significant progress since their merger announcement on November 19, 2024, with approvals obtained for the Investment Canada Act and Hart-Scott-Rodino Act, and CFIUS confirming no further action on the transaction [2] - Amendments to the merger agreement include Sayona seeking shareholder approval for a one-for-150 share consolidation, leading to an updated exchange ratio of 3.5133 Sayona shares for each Piedmont share [3] - The combined entity is expected to be named Elevra Lithium Limited, with projected quarterly losses of $0.50 per share and revenues of $33.07 million, reflecting a year-over-year increase of 146.8% [4] Group 3: Industry Context - Piedmont Lithium is part of the Zacks Mining - Miscellaneous industry, where HudBay Minerals (HBM) also operates, finishing the last trading session up 4.3% at $7.56, but with a -9.9% return over the past month [6] - HudBay Minerals has seen a -1.1% change in its consensus EPS estimate over the past month, now at $0.12, which is a -25% change from the previous year [7]

Core Points - Sayona Mining Limited is progressing with a proposed transaction to merge with Piedmont Lithium Inc to create a leading lithium business [1] - Upon completion of the transaction, the company will be renamed Elevra Lithium Limited, with shareholders of Sayona and Piedmont Lithium holding approximately 50% equity each in the new entity [2] Regulatory Approvals - Significant progress has been made in obtaining necessary regulatory approvals, including Investment Canada Act approval, Hart-Scott-Rodino Act approval, and a review by the Committee on Foreign Investment in the United States, all of which have concluded without objections [3] Shareholder Approval and Meeting - The completion of the transaction is subject to shareholder approval from both companies and is targeted to close in mid-CY2025, with an Extraordinary General Meeting of Sayona shareholders expected in the first half of CY2025 [4] Share Consolidation and Pricing - Sayona plans to consolidate its shares at a ratio of 150:1 and will issue American Depositary Shares at a ratio of 10:1 post-consolidation, which is expected to attract a broader set of investors [4][5] - Based on the current share price of A$0.017 and the AUD:USD exchange rate of 0.64, the post-consolidation share price is projected to be approximately A$2.55, with an indicative ADS price of about US$16.32 [5] Fundraising and Future Outlook - The transaction includes a conditional placement of Sayona shares to raise approximately A$69 million (~US$45 million) at A$0.032 per share, subject to completion of the transaction [7] - The merger is viewed as a significant opportunity for both companies to emerge as leaders in the lithium sector and contribute to the global energy transition [9]

Production and Sales - Piedmont Lithium plans to produce an estimated 60,000 metric tons of lithium hydroxide annually, significantly increasing U.S. annual production capacity from approximately 20,000 metric tons [340]. - In 2024, Piedmont sold approximately 116,700 dmt of spodumene concentrate, generating $99.9 million in revenue with a realized sales price of $856 per dmt [346]. - NAL achieved record production of 193,162 dmt of spodumene concentrate in 2024, with a 96% increase compared to 2023 [347]. - The company holds a life-of-mine offtake agreement with Sayona Quebec for the greater of 113,000 dmt or 50% of spodumene concentrate production per year, with prices ranging from $500 to $900 per dmt [345]. - Sales volume of spodumene concentrate rose approximately 73,400 dmt, or 169.5%, to approximately 116,700 dmt in 2024 from approximately 43,300 dmt in 2023 [369]. - The company plans to deliver customer shipments of spodumene concentrate totaling between 113,000 dmt and 130,000 dmt in 2025, with capital expenditures expected to be between $6.0 million and $9.0 million [385]. - During the year ended December 31, 2024, the company received provisional payments on sales of 39,255 dmt of spodumene concentrate [419]. - There are 24,350 dmt of spodumene concentrate remaining subject to final pricing determinations at year-end [419]. Financial Performance - Revenue increased by $60.1 million, or 150.8%, to $99.9 million for the year ended December 31, 2024, compared to $39.8 million in 2023 [368]. - Gross profit increased by $5.1 million, or 90.1%, to $10.8 million in 2024, while gross profit margin declined to 10.8% from 14.3% in 2023 [371]. - The company reported a net cash used in operating activities of $42.9 million for the year ended December 31, 2024, compared to a net cash provided of $1.6 million in 2023, reflecting a $44.5 million increase in cash used [394]. - The company achieved a $10 million annual run-rate target in its 2024 Cost Savings Plan, which included a 28% workforce reduction and further reductions leading to a total workforce decrease of 62% [381]. - The company recorded $5.8 million in severance and restructuring costs related to its 2024 Cost Savings Plan [381]. - Loss from equity method investments increased by $18.0 million to a loss of $17.8 million in 2024, compared to income of $0.2 million in 2023 [374]. - Restructuring and impairment charges amounted to $9.9 million in 2024, with no such charges recorded in 2023 [375]. - Other expense increased by $32.9 million, or 159.0%, to $12.2 million in 2024, driven by a loss on sale of equity method investments [376]. - Income tax benefit was $3.1 million in 2024, compared to an income tax expense of $3.1 million in 2023 [377]. Cost Management - The company achieved $14 million in annual cost savings in 2024 by reducing workforce by 62% and lowering third-party spending [346]. - Selling, general and administrative expenses decreased by $4.6 million, or 10.7%, to $38.7 million in 2024, attributed to cost savings from the 2024 Cost Savings Plan [373]. - Exploration costs decreased by $1.8 million, or 95.0%, to $0.1 million in 2024, primarily due to reduced exploration activities [372]. Investments and Financing - The company has invested $2.6 million in Killick Lithium, which is a Canadian-based entity with exploration properties prospective for lithium [357]. - The company entered into a Credit Facility allowing it to borrow up to $25.0 million, which expires on September 11, 2027, with interest payable quarterly at SOFR plus 2.4% [380]. - The company sold common stock holdings in Sayona Mining and Atlantic Lithium for net proceeds totaling $49.1 million during the first quarter of 2024 [382]. - The company plans to fund capital expenditures and investments in affiliates totaling between $7.0 million and $13.0 million in 2025, reflecting a substantial decrease compared to 2024 [385]. - The company has contractual obligations totaling $31.4 million, including $26.5 million in debt obligations due within one year [398]. - The total variable rate debt as of December 31, 2024, was $25.0 million with a variable interest rate of SOFR + 2.4% [413]. Market Outlook - The demand for electric vehicles is projected to grow significantly, with sales expected to reach 57 million units by 2034, indicating a strong market for lithium products [360]. - The projected penetration rate of new electric vehicles sold is expected to reach 58% by 2034, highlighting the increasing reliance on lithium-based batteries [360]. - The economic feasibility of mining on the company's properties is influenced by market prices of lithium products [421]. - A 10% change in the applicable market price index could yield a potential impact of approximately $1.8 million to net income (loss) [420]. Strategic Initiatives - Piedmont's strategic shift to consolidate U.S. lithium hydroxide production at Carolina Lithium is aimed at deploying capital and technical resources more efficiently [339]. - The company strategically invests in unconsolidated entities to access hard rock lithium assets and projects with sustainable production practices [411]. - The company is evaluating funding options for its projects, focusing on non-dilutive strategies to protect shareholder value [388]. Risk Management - The company does not currently engage in any hedging or derivative transactions to manage interest rate risk [413]. - The company evaluates its risk exposure to foreign currency fluctuations and may enter into hedging transactions in the future [416]. - The fair value of share options is determined using the Black-Scholes option pricing model, while the fair value of TSR PRAs is determined using a Monte Carlo simulation [404].