Piedmont Lithium reports Q1 adjusted EPS (46c), consensus (57c)

Reports Q1 revenue $20.0M, consensus $39.76M. The company said, “Our first quarter results reflect continued operational progress and the resilience of our team. We achieved record lithium recoveries at North American Lithium and the operation remains on track to meet shipment and cost guidance, despite weather-related impacts to mill utilization. In addition, we continued to take a disciplined approach to capital spending while making strong progress toward our planned merger with Sayona. We believe the proposed combination will enhance value for shareholders and position Elevra Lithium as a leading supplier to the North American battery supply chain.”