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Jan 22 – Monterey County declares state of emergency over Northern California lithium battery plant fire.
Jan 10 – An Update on Odor Near the Kings Mountain Mine Pit. Seasonal variations in temperature can cause changes in the surface of the mine pit water’s density.
Nov 19 – Australia’s Sayona Mining (SYA.AX), opens new tab will buy U.S.-based Piedmont Lithium (PLL.O), opens new tab in an all-stock deal that will consolidate its Canadian operations and strengthen its exposure to the North American electric vehicle sector.
Nov 12 – Belmont-based Piedmont Lithium has more than halved the number of its employees this year to cut costs. The company completed a 32% reduction in workers in October, and earlier reported it had decreased its workforce by 27% in February.
Sept 5 – Piedmont Lithium(PLL.O), opens new tab has pulled its application for a debt package from a popular U.S. government loan program and is scaling back ambitious expansion plans across two continents, as tumbling prices of the electric vehicle battery metal force the U.S. miner to conserve cash.
Aug 20 – This investigation concerns whether Piedmont Lithium Inc. and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Aug 16 – Natron Energy has announced it will build the first sodium-ion battery gigafactory in the US, in North Carolina.
Jul 24 – Institutional investors endured the highest losses after the company’s share price fell by 11% last week. Needless to say, the recent loss which further adds to the one-year loss to shareholders of 79% might not go down well especially with this category of shareholders.
May 18 – Extracting lithium from natural gas fracking wastewater makes sense. Pennsylvania alone could supply half of the demand for lithium from this byproduct.
May 14 – Our efforts to preserve the land, water and air quality in northwest Gaston County have been in a documentary and a book. Now we’ve made international news.
Apr 29 – The CEO saw his total compensation package increase 59% to nearly $6.1 million in 2023.
Apr 15 – Tesla in trouble? Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, deemed the departures of senior executives as “the larger negative signal today” that Tesla’s growth was in trouble.
Apr 15 – Many obstacles lie in Piedmont Lithium’s path. Getting approval for a mining permit took them three years and is conditional on the posting of a $1 million reclamation bond. And that was the easy part. (The article by Reuters wrongly references a quarry turned down for a permit in 2022; it was approved in 2023.) Many hurdles still face Piedmont Lithium. The Gaston County Commissioners oppose re-zoning the area for mining; this is the most difficult type of zoning to get approved. Air quality and other permits must be obtained. There is no infrastructure to support mining in the area. The bottom-line is, can PL even afford to build the mine? Lithium prices are low and competition from Albemarle’s re-opened lithium mine in Kings Mountain is high.
Mar 8 – Electric vehicle manufacturer Rivian has put on hold the development of its $5 billion, 16 million-square-foot plant in Stanton Springs, Ga., according to Forbes, in an effort to cut costs. This move will save the company nearly $2.3 billion in capital expenditures, Bloomberg reported.
Feb 27 – Piedmont Lithium (PLL) Short Position Generated 23% in Q4. Massif Capital featured stocks like Piedmont Lithium Inc. (NASDAQ:PLL) in its Q4 2023 investor letter. Headquartered in Belmont, North Carolina, Piedmont Lithium Inc. (NASDAQ:PLL) is a development stage company, that engages in the exploration and development of resource projects. On February 26, 2024, Piedmont Lithium Inc. (NASDAQ:PLL) stock closed at $12.29 per share. One-month return of Piedmont Lithium Inc. (NASDAQ:PLL) was -23.14%, and its shares lost 23.14% of their value over the last 52 weeks. Piedmont Lithium Inc. (NASDAQ:PLL) has a market capitalization of $236.73 million.
AN ORIGINAL AUDIO STORY SERIES LED BY NATE OTJEN + JUAN MANUEL RUBIO
The project will result in a multiple-season audio documentary series published by Blue Lab. The first season was released in January 2024. It takes a deep look at Piedmont Lithium’s proposed mine in Gaston County, North Carolina. The second season will examine contestations over the Thacker Pass Lithium Mine at Peehee Mu’huh in Humboldt County, Nevada. It will be released in late 2024 or early 2025, along with a critical mapping component.
Feb 23 – Shares of miner Piedmont Lithium PLL.O drop 9.56% to $12.5 premarket on surprise Q4 loss. Co posts reported loss of $1.32 per share, compared with Street estimate of $0.45/shr profit – LSEG data. “PLL had a challenging quarter that was made worse by a downward adjustment to 3Q23 revenue,” – Brokerage TD Cowen (PT $20, Market Perform).
Feb 12 – The region surrounding California’s toxic Salton Sea has enough lithium to make the U.S. self-sufficient in the mineral, which is a key component of rechargeable batteries. WSJ explores the tech being developed to extract it—and what it means for the future of domestic production.
Feb 6 – NC lithium mining company lays off 27% of its workers, part of $10M in cost cutting. Piedmont Lithium laid off 27% of its workforce, the Belmont-based company said Tuesday. The cost-savings plan includes reducing capital and operations spending.
Jan 22 – Piedmont Lithium Inc. (PLL) announced that it inked a deal to sell a portion of shares it holds in Atlantic Lithium to Assore International Holdings. This move will further bolster Piedmont Lithium’s cash balance.
Jan 18 – ASHEVILLE, N.C. (WLOS) — The city of Asheville’s purchase of five electric buses in 2018 has turned into a multi-million-dollar loss. The buses have been broken or unable to run because of software and/or mechanical issues, making them an expensive and disappointing purchase, according to city maintenance and transportation staff.
Nov 11 (Reuters) – Exxon Mobil (XOM.N) is set to unveil its long-awaited lithium strategy on Monday with an announcement that it aims to start production of the electric vehicle (EV) battery metal in Arkansas by 2026, according to a source with direct knowledge of the oil major’s plans.
Vehicles are adding poundage as the auto industry goes electric — and that’s problematic for traffic safety, parking garages and roads.
Some investors might seek to gain portfolio exposure to the lithium industry because we use lithium in batteries for electric vehicles. That’s fine, but it doesn’t mean every lithium miner deserves your hard-earned capital. Piedmont Lithium (NASDAQ:PLL) stock is a good example of this, as it has been on a downtrend and the future prospects aren’t favorable.
Best Way to Extinguish a Flaming Electric Vehicle? Let It Burn Fire departments across America are wrestling with fires in EV cars that last longer and are harder to extinguish.