NAL

Strategic Review Supports Continued Production Ramp-Up at North American Lithium

Retrieved on: 
Tuesday, April 9, 2024
Technology, General Automotive, Chemicals, Plastics, EV, Electric Vehicles, Manufacturing, Alternative Vehicles, Fuels, Automotive, Batteries, Alternative Energy, Energy, Vehicle Technology, Other Natural Resources, Mining, Minerals, Natural Resources, Lithium, Element, Piedmont Lithium, 600 (number), Comment, NAL, Atlantic Ocean, ALL, ASX, PLL, Acquisition, Transport, SYA, Risk, XV, Accident, Australian Securities Exchange, Workforce, AIM, Legislation, Weather

Production at NAL commenced in March 2023, and the operations have been undergoing steady improvement.

Key Points: 
  • Production at NAL commenced in March 2023, and the operations have been undergoing steady improvement.
  • March month-to-date lithium recoveries were 69%, exceeding the ramp-up target of 67%, with global recovery of 62% during the July 2023 through March 2024 period.
  • Production of spodumene concentrate has steadily increased with several daily production records achieved in March 2024, including the newest daily production record of 740 metric tons.
  • The joint venture partners have conducted an operational review to assess the pace of the production ramp-up in the context of a challenging lithium price environment.

Surging Lithium Market Growth Expected Through 2030 Due to Increasing Adoption of Cleaner Energy Sources

Retrieved on: 
Monday, March 4, 2024
Lithium, EVS, Air pollution, Battery, Ganfeng Lithium, Ceramic, Growth, LAAC, NAL, Electric vehicle, PEA, OTCQB, Letter, EV, NPV, ATM, Pollution, Transport, BNDES, IRR, Interim, Economics, Environment, Pressure, Piedmont Lithium, Electricity, PLL, Lubricant, Borate, Life, Carbon, Safety, SLI, National Instrument 43-101, Tesla Model S, GHG, PALM, Collection, USD, Climate, Mineral, TSX, Government, Paris Agreement, Development finance institution, National instrument, Policy

Rising demand for lithium batteries, lubricants, glass & ceramics, and foundry is expected to foster the growth of this market.

Key Points: 
  • Rising demand for lithium batteries, lubricants, glass & ceramics, and foundry is expected to foster the growth of this market.
  • The growing adoption of hybrid and electric vehicles, high-drain portable electronics, and energy storage systems have boosted the growth of the overall market.
  • The Paris Agreement aims to reduce greenhouse gas (GHG) emissions by at least 40% under its 2030 climate and energy framework.
  • Governments in several countries worldwide are implementing strict emission standards to reduce and control carbon emissions, thus augmenting market growth.

Piedmont Lithium Reports Q4 & Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024
EV, Electric Vehicles, Automotive, General Automotive, Chemicals, Plastics, Automotive Manufacturing, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Natural Resources, Lithium, N,N-Dimethyltryptamine, Concentrate, Sale, Workforce, Classification, Weather, District court, NAL, Insurance, Investment

$29.2 million accrued at December 31, 2023 for settlements in 2024 associated with spot shipments in 2023, negatively impacting Q4’23 revenue and gross profit.

Key Points: 
  • $29.2 million accrued at December 31, 2023 for settlements in 2024 associated with spot shipments in 2023, negatively impacting Q4’23 revenue and gross profit.
  • In Q1’24, we sold our holdings in Sayona Mining and a portion of our holdings in Atlantic Lithium for approximately $49.1 million.
  • In Q4’23, NAL produced 34.2 thousand dmt and shipped 23.9 thousand dmt, of which 14.2 thousand dmt were sold to Piedmont.
  • In November 2023, Sayona released initial drill results from the 2023 drill campaign at NAL, identifying multiple thick, high-grade, spodumene-bearing pegmatites.

Consolidated Lithium Announces Vallée JV Intersects 1.04% Li2O over 7.15 m

Retrieved on: 
Thursday, February 15, 2024
Lithium, Government of Quebec, Soil, D5, Core, D1, News, Mining, GM, NAL, D7, Table, Abitibi greenstone belt, CLM, Heart, Z36

The 2023 summer drilling program succeeded at tracing lithium-bearing pegmatite mineralization associated with the adjacent NAL operating lithium mine across the entire width of the Vallée JV property (the “JV Property”) from northwest to southeast (see Figure 2).

Key Points: 
  • The 2023 summer drilling program succeeded at tracing lithium-bearing pegmatite mineralization associated with the adjacent NAL operating lithium mine across the entire width of the Vallée JV property (the “JV Property”) from northwest to southeast (see Figure 2).
  • The 2023 program extended the Core Pegmatite 700 m to the southeast from the area defined by CLM’s 2021 and 2022 drilling programs.
  • The Company’s East Vallée project is located immediately adjacent to the JV Property (see Figures 2 and 3).
  • The East Vallée project overlies an additional 5 km of the Vallée Lithium Trend that has never been drill-tested for lithium (see Figure 2).

Piedmont Lithium Provides Corporate Update

Retrieved on: 
Tuesday, February 6, 2024
General Automotive, Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, Alternative Vehicles, Fuels, Automotive, Environmental Health, Alternative Energy, Energy, Environment, Mining, Minerals, Sustainability, Natural Resources, Green Technology, Lithium, ADI, Minerals Income Investment Fund, AIM, Legislation, Comment, Transport, Piedmont Lithium, NAL, Australian Securities Exchange, XV, Atmosphere, Workforce, 600 (number), District court, Accident, Weather, Acquisition, Risk, Record, ALL, ASX, PLL

Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today provided an update on key business and portfolio activities.

Key Points: 
  • Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today provided an update on key business and portfolio activities.
  • “We are very pleased with the progress at NAL and anticipate continued operating improvements through 2024," said Keith Phillips, President and Chief Executive Officer of Piedmont Lithium.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11).
  • Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise.

Vallée Drilling Intersects 1.04% Li2O over 6.46 m

Retrieved on: 
Thursday, January 11, 2024
Lithium, Heart, Piedmont Lithium, CLM, Z36, NAL

NAL and CLM (the “JV Partners”) elected to expand the summer program to 58 holes totaling 15,607 m, which has now been completed.

Key Points: 
  • NAL and CLM (the “JV Partners”) elected to expand the summer program to 58 holes totaling 15,607 m, which has now been completed.
  • NAL is a wholly owned subsidiary of Sayona Quebec Inc., which is owned 75% by Sayona Mining Limited and 25% by Piedmont Lithium Inc.
  • The first returned a composite assay grade of 1.04% Li2O over 6.46 m from 55.12 m to 61.58 m, and the second, 1.35% Li2O over 3.39 m from 129.14 m to 132.53 m. Four of the remaining holes in which assays have been reported returned assay grades exceeding the cut-off grade of 0.25% Li2O over lengths exceeding 1 m (see Table 1).
  • The core pegmatite also remains open in the down-dip direction along the entire length of its strike length on the property.

Vallée Drilling Intersects 1.04% Li2O over 6.46 m

Retrieved on: 
Thursday, January 11, 2024
Lithium, Heart, Piedmont Lithium, CLM, Z36, NAL

NAL and CLM (the “JV Partners”) elected to expand the summer program to 58 holes totaling 15,607 m, which has now been completed.

Key Points: 
  • NAL and CLM (the “JV Partners”) elected to expand the summer program to 58 holes totaling 15,607 m, which has now been completed.
  • NAL is a wholly owned subsidiary of Sayona Quebec Inc., which is owned 75% by Sayona Mining Limited and 25% by Piedmont Lithium Inc.
  • The first returned a composite assay grade of 1.04% Li2O over 6.46 m from 55.12 m to 61.58 m, and the second, 1.35% Li2O over 3.39 m from 129.14 m to 132.53 m. Four of the remaining holes in which assays have been reported returned assay grades exceeding the cut-off grade of 0.25% Li2O over lengths exceeding 1 m (see Table 1).
  • The core pegmatite also remains open in the down-dip direction along the entire length of its strike length on the property.

Piedmont Lithium Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
EV, Electric Vehicles, Automotive, General Automotive, Chemicals, Plastics, Automotive Manufacturing, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Natural Resources, Lithium, Advanced Technology Vehicles Manufacturing Loan Program, U.S. Department of Energy, Office of Inspector General, ATVM, Public expenditure, United States Environmental Protection Agency, Nature, Mineral, Marketing, NAL, Economic development, Minerals Income Investment Fund, DOE, U.S. Department of Agriculture Cotton Annex, Parliament of Ghana, Investment, Commissioner, Environmental Protection Agency (Ghana), Concentrate, Security (finance), Atlantic Ocean

For financial statement purposes, Piedmont reports income (loss) from its 25% ownership in Sayona Quebec, which includes NAL, on a one-quarter lag.

Key Points: 
  • For financial statement purposes, Piedmont reports income (loss) from its 25% ownership in Sayona Quebec, which includes NAL, on a one-quarter lag.
  • Piedmont would continue to maintain a 50% life-of-mine offtake right to future lithium concentrate production from Atlantic Lithium Ghana under these agreements.
  • In Q4’23, Piedmont paid $1.5 million to acquire a 19.9% equity interest in Vinland Lithium, which owns the Killick Lithium Project in southern Newfoundland, Canada.
  • Piedmont has the right to earn up to a 62.5% equity interest through staged investments in Killick Lithium.

High-grade North American Lithium Drill Results Show Potential for Mineral Resource Upgrade

Retrieved on: 
Thursday, November 2, 2023
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Chemicals, Plastics, Automotive Manufacturing, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Natural Resources, Lithium, Comment, ASX, Australian Securities Exchange, Weather, AIM, PLL, Regulation, Legislation, Disclosure, Acquisition, Transport, Risk, NAL, Piedmont Lithium, Accident, Atlantic Ocean, ALL

Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that initial 2023 drill campaign results from the jointly owned North American Lithium (“NAL”) project have identified multiple, thick, high-grade spodumene-bearing pegmatites.

Key Points: 
  • Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that initial 2023 drill campaign results from the jointly owned North American Lithium (“NAL”) project have identified multiple, thick, high-grade spodumene-bearing pegmatites.
  • Drill results identified new, high-grade mineralized zones along the northwest margin of the NAL deposit, beyond the current NAL pit operations and the planned pit shell model.
  • “We are pleased with these excellent drill results, which indicate the potential for further resource and mine life extension at NAL.
  • The thick widths and high grades of these intercepts are encouraging and underscore the importance of NAL, which is already North America’s largest operating lithium mine,” said Piedmont Lithium President and CEO Keith Phillips.

Foremost Lithium Finalizes Acquisition of Lac Simard South Property in Quebec

Retrieved on: 
Tuesday, September 19, 2023
Lithium, Workforce, CSE, Electricity, GST, Property, DSO, NAL, Acquisition, Locator map, Mining, Iron ore, MMI, Val-d'Or

VANCOUVER, British Columbia, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, today announced that it has made the second and final cash payment in the amount of $17,500 plus GST for the acquisition of Lac Simard South Property (the “Property”), previously announced on March 20, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, today announced that it has made the second and final cash payment in the amount of $17,500 plus GST for the acquisition of Lac Simard South Property (the “Property”), previously announced on March 20, 2023.
  • Property Location Map of Lac Simard South in Quebec, Canada
    “Acquiring the Lac Simard South property aligns with our strategy to be in proximity of a lithium mine and concentrator,” said Jason Barnard, Chief Executive Officer and President of Foremost Lithium.
  • Lac Simard South Property Claims with surrounding concentrators and refineries.
  • Lac Simard South Property is located approximately 90km southwest from the NAL Lithium Processing Plant (a Piedmont/Sayona Joint Venture) (“NAL”).