The latest update is out from Sayona Mining ( (AU:SYA) ).
Piedmont Lithium Inc. announced the final results from the 2024 drilling program at the North American Lithium mine, which is jointly owned with Sayona Mining Limited. The results are set to enhance the existing Mineral Resource Estimate and potentially increase resource tonnage, reinforcing the potential for expanding production to meet the growing demand for lithium. This development supports Piedmont’s plans for a brownfield expansion at the mine, aiming to increase production capacity and strengthen its position as a key supplier in the lithium market.
More about Sayona Mining
Piedmont Lithium Inc. is a leading North American supplier of lithium products, focusing on enabling the transition to a net zero world and creating a clean energy economy. The company aims to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate from assets in which it holds an economic interest. Piedmont’s projects include the Carolina Lithium project in the United States and partnerships in Quebec with Sayona Mining and in Ghana with Atlantic Lithium.
YTD Price Performance: -50.0%
Average Trading Volume: 381,259
Technical Sentiment Signal: Strong Buy
Current Market Cap: $125.5M
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