secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Lithium Inc. (—)
CIK:        0001728205
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001728205-24-000058
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont Lithium Q1 2024 revenue $13.4M, net loss $23.6M; NAL record production, Carolina Lithium permit
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- Q1 revenue $13.4M on ~15,500 dmt spodumene concentrate; net loss $23.6M ($1.22 diluted EPS); adjusted net loss $11.9M ($0.61).
- NAL record quarterly production 40,439 dmt; lithium recoveries 69% in March; full run-rate expected H2 2024.
- Carolina Lithium mining permit received May 2024; accelerating funding discussions with strategic partners.
- Cash $71.4M as of March 31, 2024; working capital nearly doubled from year-end 2023.
- 2024 outlook: full-year shipments ~126,000 dmt weighted to H2; H2 shipments to more than double H1; investments down >50% H2 vs H1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728205/000172820524000058/0001728205-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728205/000172820524000058/pll-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001728205-24-000058

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