Piedmont Lithium Inc.
piedmontlithium.comWhat Do They Do?
Develops lithium projects and sells spodumene concentrate to customers in electric-vehicle and battery supply chains, with plans to produce lithium hydroxide.
10-K for FY2024, filed Feb 26, 2025Piedmont Lithium Inc. (“Piedmont Lithium,” “Piedmont”, “we,” “us,” “our,” or “Company”) is a U.S.-based, development-stage company…View ↗
Sayona Mining achieved record production for the one-year period ended December 31, 2024, producing 193,162 dmt, of which 116,700 dmt were…View ↗
Carolina Lithium is a development stage, hard rock lithium project located within the renowned Carolina Tin-Spodumene Belt of North…View ↗
How Do They Make Money?
Piedmont sells spodumene product to customers under offtake and purchase agreements; payment is due after the shipment departs.
10-K for FY2024, filed Feb 26, 2025Sayona Mining achieved record production for the one-year period ended December 31, 2024, producing 193,162 dmt, of which 116,700 dmt were…View ↗
In addition to our offtake customers, we have entered into a series of purchase agreements with major international trading companies to…View ↗
We recognize revenue from product sales at a point in time when performance obligations are satisfied under the terms of contracts with our…View ↗
$99.9M
-
10-K for FY2024, filed Feb 27, 2025
$99.9M ↗
Who Are Their Customers?
Sells spodumene product under offtake agreements to Tesla and LG Chem, and uses international trading companies for individual sales. Its stated end markets include electric-vehicle and electronics customers.
10-K for FY2024, filed Feb 26, 2025On August 30, 2024, we entered into an amended offtake agreement with Tesla, Inc. to supply 125,000 dmt of spodumene concentrate from NAL.…View ↗
On February 16, 2023, we entered into a spodumene concentrate offtake agreement with LG Chem to sell 200,000 dmt of spodumene concentrate…View ↗
In addition to our offtake customers, we have entered into a series of purchase agreements with major international trading companies to…View ↗
Our lithium products are sold to global and regional customers in the electric vehicle and electronics markets, among others. We currently…View ↗
Do Revenues Turn Into Profits?
No. It lost $64.8M in FY2024.
10-K for FY2024, filed Feb 27, 2025
−$55.7MView ↗
10-K for FY2024, filed Feb 27, 2025
−$64.8MView ↗
10-K for FY2024, filed Feb 27, 2025
−$53.6MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2025, filed Aug 8, 2025
−$9.7MView ↗
- ▼ −27% (Loss)
- vs −$13.3M in Q2 FY2024
-
Sep 3, 2025
Sayona completed its merger with Piedmont
Piedmont became a wholly owned Sayona subsidiary; its Nasdaq listing was delisted, and Lucas Dow became CEO.
Sources
8-K, filed Sep 3, 2025
In connection with the Merger and at the Effective Time, a change in control of the Company occurred when Merger Sub merged with and into…View ↗
From development to concentrate sales
The older report focused on developing lithium hydroxide for battery and electric-vehicle markets; the latest also describes sales of spodumene concentrate from NAL.
10-K for FY2021, filed Sep 24, 2021 10-K for FY2024, filed Feb 26, 2025Sayona Mining achieved record production for the one-year period ended December 31, 2024, producing 193,162 dmt, of which 116,700 dmt were…View ↗
U.S. conversion plans
The older report identifies Carolina Lithium as the centerpiece; the latest moves Tennessee Lithium's proposed conversion capacity into a phased Carolina Lithium plan.
10-K for FY2021, filed Sep 24, 2021 10-K for FY2024, filed Feb 26, 2025Piedmont Lithium Inc. is an exploration stage company developing a multi-asset, integrated lithium business contributing to the transition…View ↗
Loading...
