Operational Resilience in Volatile Market
Despite volatility in the lithium market, Piedmont Lithium remained focused on operational and commercial excellence, shipping 27,000 tons to customers and achieving a record 72% recovery in March through process optimization.
Progress in Merger with Sayona Mining
The merger with Sayona Mining is progressing well, with regulatory clearances obtained and integration planning underway. The merger is expected to create a larger, stronger company with synergies of $15 million to $20 million annually.
Positive Developments at NAL
NAL set a record 72% recovery rate in March and achieved final drill results from the 2024 exploration program, indicating significant potential for expanding its resource base and production over time.
Strategic Focus on North American Supply Chain
The company is positioning itself to benefit from policy support for critical minerals in North America, with potential increases in strategic value due to evolving trade policies and tariffs.