The following is a summary of the Piedmont Lithium Inc. (PLL) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Piedmont Lithium shipped approximately 31,500 dry metric tons for Q3 2024, recognizing $27.7 million in revenue, a significant increase from the previous quarter.

• The company's GAAP net loss was $16.7 million, or $0.86 per share, with an adjusted net loss of $8.1 million, or $0.42 per share.

• Cash position improved to $64.4 million, up from $59 million at the end of the previous quarter.

Business Progress:

• North American Lithium (NAL) set new production records with over 52,000 dry metric tons of spodumene concentrate produced, and mill utilization increased to 91%.

• Significant regulatory milestones achieved at Ewoyaa project with the acquisition of the TPA permit and mine operating permit, moving towards parliamentary ratification expected in the first half of 2025.

• Carolina Lithium benefited from new guidance under the Inflation Reduction Act 45X tax credit, enhancing project economics.

Opportunities:

• The consolidated shipments approach and hedging against the futures market in spodumene concentrate are helping to achieve better price realizations and reduce transportation costs, improving profitability.

Risks:

• Pending outcomes of the mining lease parliamentary ratification and market conditions could affect timelines and financing for the Ewoyaa project.

• Continued low market prices for lithium and spodumene may impact financial performance and delay further development projects like Ewoyaa.

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