Piedmont Lithium (US:PLL)2025-05-08 00:32Q1 2025 Earnings Snapshot - Piedmont shipped 27kt to customers, aligning with guidance[7] - Weather-related shutdowns led to reduced quarterly production at NAL, impacting mill utilization; actions were taken to mitigate future impacts and improve reliability[7] - Piedmont is advancing the proposed merger with Sayona Mining towards shareholder votes, with integration planning underway[7] NAL Production - NAL produced 43,261 dmt of concentrate in Q1 2025[12] - NAL remains on track to produce 190,000 – 210,000 dmt for the July 2024 - June 2025 period[12] - NAL achieved 69% global lithium recovery, driven by operational improvements[12] Demand Outlook - Lithium demand is projected to increase by 132% from 2024 to 2030[15] - Stationary Storage Lithium Demand is projected to increase by 143% from 2024 to 2030[16] Financial Highlights - Piedmont's Q1 2025 adjusted gross profit was $45 million[23] - Piedmont's Q1 2025 realized price per metric ton was $823[23] - Piedmont's Q1 2025 operating cash outflow was $19 million, primarily related to the timing of working capital and Q1 net loss[33] 2025 Outlook - Piedmont's 2025 shipment outlook is 113k – 130k dmt[36] Merger with Sayona Mining - Piedmont is advancing towards shareholder votes regarding the merger with Sayona Mining[39]