Pilbara Minerals CFO Resigns Amidst Continued Growth

An announcement from Pilbara Minerals ( (AU:PLS) ) is now available.

Pilbara Minerals Limited announced the resignation of its Chief Financial Officer, Luke Bortoli, who will remain in the role during a transition period to ensure a smooth handover. The company will begin a formal search for a new CFO, considering both internal and external candidates. During his tenure, Bortoli significantly contributed to the company’s growth, securing a A$1 billion Revolving Credit Facility and supporting the acquisition of Latin Resources. His departure marks a notable change in the company’s leadership as it continues to strengthen its financial and operational platform.

The most recent analyst rating on (AU:PLS) stock is a Hold with a A$2.95 price target. To see the full list of analyst forecasts on Pilbara Minerals stock, see the AU:PLS Stock Forecast page.

More about Pilbara Minerals

Pilbara Minerals Limited (PLS) is a leading global producer of lithium materials, with a diversified portfolio of assets and strategic partnerships in the rapidly growing battery materials sector. The company owns the world’s largest independent hard-rock lithium operation, the Pilgangoora Operation in Australia, and the Colina Lithium Project in Brazil. PLS is integrated into the lithium value chain through a joint venture with POSCO in South Korea, manufacturing battery-grade lithium hydroxide. The company has established enduring partnerships with international companies such as POSCO, Ganfeng, Chengxin, Yahua, and General Lithium.

Average Trading Volume: 29,732,828

Technical Sentiment Signal: Sell

Current Market Cap: A$3.99B

See more data about PLS stock on TipRanks’ Stock Analysis page.