Previous Close | 0.1000 |
Open | 0.1000 |
Bid | 0.0500 |
Ask | 0.2000 |
Strike | 17.00 |
Expire Date | 2024-11-15 |
Day's Range | 0.1000 - 0.1000 |
Contract Range | N/A |
Volume | |
Open Interest | 143 |
Key Insights The considerable ownership by individual investors in Piedmont Lithium indicates that they collectively...
Piedmont Lithium 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. Once a darling of Wall Street and retail investors because of supply agreements with Tesla and LG Chem, Piedmont has canceled its application with the U.S. Department of Energy's (DOE) Loan Programs Office (LPO) due in part to costs associated with the process, a company official told Reuters. The move - which comes after Piedmont canceled plans for a Tennessee lithium project that had received a $141.7 million government grant - is fueling questions about where the company hopes to secure financing for its flagship North Carolina project, projected to cost more than $1 billion.
BELMONT, N.C., August 27, 2024--Piedmont Lithium ("Piedmont" or the "Company") (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that Sayona Mining Limited ("Sayona") (ASX: SYA) reported a mineral resource update for North American Lithium in accordance with the JORC Code (2012). NAL is jointly owned by Piedmont (25%) and Sayona (75%).