Piedmont Lithium merges with Sayona to form Elevra Lithium, creating one of the largest hard-rock lithium platforms for the EV and energy storage markets.
Here is how Piedmont Lithium Inc. - Sponsored ADR (PLL) and SSR Mining (SSRM) have performed compared to their sector so far this year.
Piedmont Lithium Inc. - Sponsored ADR (PLL) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to a loss of $0.69 per share a year ago.
| - Industry | - Sector | Keith Douglas Phillips H.B.Com, MBA CEO | NASDAQ (CM) Exchange | 72016P105 CUSIP |
| US Country | 23 Employees | - Last Dividend | - Last Split | 7 Nov 2017 IPO Date |
Piedmont Lithium Inc. is a development stage company spearheading the exploration and development of resource projects within the United States. With its inception dating back to 2016, the company is dedicated to securing a foothold in the burgeoning lithium market by tapping into the Carolina Tin-Spodumene Belt, a reputed source for lithium materials. Situated northwest of Charlotte, North Carolina, this strategic location encompasses an expansive area of approximately 3,706 acres, showcasing the company's substantial commitment to lithium extraction and development. Piedmont Lithium's operations are rooted in Belmont, North Carolina, marking a strategic pivot towards leveraging the domestic resources within the U.S. to meet the growing demand for lithium, essential for renewable energy solutions and a wide array of technological applications.
At the heart of Piedmont Lithium’s operations is the Carolina Lithium Project, which spans an area of roughly 3,706 acres within the Carolina Tin-Spodumene Belt. This flagship project is foundational to the company’s strategic initiative, focusing on the exploration and development of lithium, a critical component in battery technology and renewable energy systems. The project is distinguished by its significant scale and the integral role it plays in securing a stable, domestic source of lithium.
Piedmont Lithium also diversifies its asset portfolio through strategic real estate holdings connected to its core operation. This includes a 5-acre property situated in Bessemer City, North Carolina, alongside a 61-acre property in Kings Mountain, North Carolina. These real estate assets play supportive roles in the broader mission of the company, facilitating logistical and operational efficiencies crucial for the successful progression of the Carolina Lithium Project.