Piedmont Lithium (PLL)2025-02-20 12:01Production 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]