Reports Q2 revenue $13.23M, consensus $18.15M. “NAL continues to demonstrate its potential as an excellent asset, achieving steady-state production, and exhibiting future promise with new, high-grade drill results and the completion of the crushed ore dome. In H2’24, we expect to sell the majority of our 2024 NAL offtake, prioritizing contract customers and structuring spot shipments to limit our downside exposure. Capital allocations and investments in affiliates are anticipated to be modest given the completion of the NAL ramp-up and expected timing of Ewoyaa development,” said Keith Phillips, President and CEO of Piedmont Lithium.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLL:
- Piedmont Lithium price target lowered to $61 from $65 at Roth MKM
- Piedmont Lithium price target lowered to $15 from $28 at BMO Capital
- Piedmont Lithium Releases Key Company Information Update
- Piedmont Lithium reports Q2 North American lithium production up 23% from Q1
- Piedmont Lithium Issues Non-Filing Status Update