Piedmont Lithium Inc. reported its second quarter 2025 financial results on August 7, 2025, with revenue of $11.9 million from shipping approximately 20,200 dry metric tons (dmt) of spodumene concentrate. The realized price per dmt was $587, a decrease from $945 per dmt in Q2 2024.
The company recorded a gross loss of $1.6 million for the quarter, compared to a gross profit of $0.6 million in Q2 2024, and a net loss of $9.7 million. Diluted EPS was $(0.44) for Q2 2025.
North American Lithium (NAL) achieved a new quarterly production record of 58,533 dmt of spodumene concentrate, with mill utilization of 93% and lithium recovery of 73%, both new records since the 2023 restart. Piedmont's Special Meeting of Stockholders for the Sayona merger was adjourned to August 11, 2025, while Sayona shareholders approved the merger on July 30, 2025.
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