Piedmont Lithium reports Q4 adjusted EPS ($1.23), consensus 45c

“2023 was a pivotal year for Piedmont as our Quebec joint-venture, North American Lithium, successfully commenced operations last March, leading to the first revenue in Q3 via shipments made under our NAL offtake agreement,” said CEO Keith Phillips. “As the largest lithium operation in North America, NAL has been successfully ramping up production over the past 10 months, with production hitting record levels in December. We are completing a few remaining capital projects in the first half of 2024 that we expect will result in further improvements in production and operating costs as NAL looks to achieve full run-rate production levels later this year.”