Piedmont Lithium ( (AU:PLL) ) has shared an update.
Piedmont Lithium announced the final results from its 2024 drilling program at the North American Lithium mine, which is jointly owned with Sayona Mining. The results are set to enhance the existing Mineral Resource Estimate and support plans for a potential brownfield expansion to increase production capacity. This development aligns with Piedmont’s strategy to meet the growing global demand for lithium and reinforces its position as a key player in the energy transition sector.
More about Piedmont Lithium
Piedmont Lithium Inc. is a North American company focused on developing a multi-asset, integrated lithium business. The company aims to support the transition to a net-zero world by becoming one of the largest lithium hydroxide producers in North America. Piedmont’s operations include the Carolina Lithium project in the U.S. and partnerships in Quebec with Sayona Mining and in Ghana with Atlantic Lithium, focusing on the production of spodumene concentrate.
YTD Price Performance: -31.25%
Average Trading Volume: 23,975
Technical Sentiment Signal: Buy
Current Market Cap: $156.7M
Learn more about PLL stock on TipRanks’ Stock Analysis page.