Overview

* Piedmont Q2 revenue falls to $11.9 mln, with a net loss of $9.7 mln

* Company shipped 20,200 dmt of spodumene concentrate, achieving record lithium recovery

* Piedmont adjourned merger vote with Sayona Mining to August 11, 2025

Outlook

* Piedmont expects to ship 113,000-125,000 dmt in full-year 2025

* Company plans less than $1 mln in Q3 capital expenditures

* Piedmont anticipates reduced affiliate payments in 2025

* Company maintains operational discipline amid challenging lithium market

Result Drivers

* SHIPMENT VOLUME - Piedmont shipped 20,200 dmt of spodumene concentrate, contributing to $11.9 mln in revenue

* OPERATIONAL EFFICIENCIES - NAL achieved record lithium recovery and mill utilization rates, improving unit operating costs by 10%

* MARKET CHALLENGES - Realized price per dmt fell to $587 amid challenging lithium market conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $11.90

Revenue mln

Q2 -$0.35

Adjusted

EPS

Q2 -$7.70

Adjusted mln

Net

Income

Q2 Net -$9.70

Income mln

Q2 -$7.70

Adjusted mln

EBITDA

Q2 Gross -$1.60

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty mining & metals peer group is "buy."

* Wall Street's median 12-month price target for Piedmont Lithium Inc ( PLL ) is $7.50, about 11.9% below its August 6 closing price of $8.39

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)