Piedmont Lithium (AU:PLL) has released an update.
Piedmont Lithium Inc. reports a robust Q1 2024, with North American Lithium hitting a record quarterly production and the company securing the Carolina Lithium mining permit, setting the stage for increased shipments and reduced investments in the second half of the year. Revenue reached $13.4 million from sales of spodumene concentrate, with a strengthened balance sheet boasting $71.4 million in cash. The positive outlook is bolstered by strategic project advancements and a focus on long-term customer agreements and operational cost reductions.
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