Piedmont Lithium Inc. (PLL): Business Model Canvas

In der elektrisierenden Landschaft der grünen Technologie entwickelt sich Piedmont Lithium Inc. (PLL) zu einem zentralen Akteur, der die Lieferkette für Elektrofahrzeuge durch innovative inländische Lithiumproduktion transformiert. Mit einem strategischen Standbein im mineralreichen Gebiet von North Carolina ist das Unternehmen bereit, die Batterieherstellung durch sein Angebot zu revolutionieren hochreines Lithiumhydroxid direkt aus amerikanischem Boden bezogen, fordert traditionelle globale Versorgungsabhängigkeiten heraus und positioniert sich an der Spitze der nachhaltigen Energieinfrastruktur.

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Partnerschaft mit der Ford Motor Company

Im Juli 2022 unterzeichnete Piedmont Lithium einen Lithium-Liefervertrag mit Ford Motor Company. Zu den wichtigsten Details gehören:

Partnerschaftsmetrik	Wert
Gesamtvertragsvolumen	61.000 Tonnen Lithiumhydroxid
Vertragsdauer	2025-2035
Geschätzter Vertragswert	Ungefähr 1,2 Milliarden US-Dollar

Zusammenarbeit mit Saybrook Infrastructure Partners

Piedmont Lithium hat eine Partnerschaft zur Projektentwicklung in North Carolina gegründet.

• Projektstandort: Kings Mountain, North Carolina
• Gesamtprojektinvestition: Geschätzte 600 Millionen US-Dollar
• Voraussichtliche jährliche Produktionskapazität: 22.700 Tonnen Lithiumhydroxid

Joint-Venture-Vereinbarungen

Hersteller	Einzelheiten zur Partnerschaft	Investitionswert
Albemarle Corporation	Zusammenarbeit im Bereich der Lithiumverarbeitungstechnologie	190 Millionen Dollar
Ganfeng Lithium	Strategische Investitionen und Technologieaustausch	125 Millionen Dollar

Partnerschaften mit Bergbaumaschinenlieferanten

Piedmont hat Beziehungen zu spezialisierten Anbietern von Bergbauausrüstung aufgebaut:

• Metso Outotec: Beschaffung von Verarbeitungsgeräten
• Caterpillar Inc.: Lieferung von Bergbaumaschinen
• Gesamtinvestition in die Ausrüstung: Ungefähr 85 Millionen US-Dollar

Technische Zusammenarbeit

Fest	Fokus auf Zusammenarbeit	Forschungsinvestitionen
SGS Minerals Services	Geologische Tests und Ressourcenbewertung	3,5 Millionen Dollar
Tetra Tech Inc.	Umwelttechnik und Nachhaltigkeit	2,8 Millionen US-Dollar

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Hauptaktivitäten

Lithiumexploration und -gewinnung in North Carolina

Piedmont Lithium betreibt ein 141 Hektar großes Lithiumprojekt im Carolina Tin-Spodumene Belt. Das Unternehmen hat gesichert Projektfinanzierung in Höhe von 190 Millionen US-Dollar für Lithiumgewinnungsbetriebe.

Projektstandort	Landfläche	Ressourcenschätzung
North Carolina, USA	141 Hektar	27,3 Millionen Tonnen Lithium-Mineralressourcen

Entwicklung fortschrittlicher Lithiumverarbeitungstechnologien

Dabei setzt das Unternehmen auf innovative Verarbeitungstechniken Technologie der direkten Lithiumextraktion (DLE)..

• Partnerschaft mit Sayona Mining zur Technologieentwicklung
• Investition in proprietäre Verarbeitungsmethoden
• Zielverarbeitungskapazität von 22.700 Tonnen Lithiumhydroxid pro Jahr

Produktion von Lithiumhydroxid in Batteriequalität

Piedmont strebt die Produktion von hochreinem Lithiumhydroxid für Hersteller von Elektrofahrzeugbatterien an.

Produktionskapazität	Reinheitsgrad	Zielmarkt
22.700 Tonnen/Jahr	99,6 % Lithiumhydroxid in Batteriequalität	Hersteller von Batterien für Elektrofahrzeuge

Nachhaltige Bergbau- und Verarbeitungsbetriebe

Das Unternehmen setzt umweltbewusste Extraktionsmethoden ein minimaler Wasser- und Chemikalienverbrauch.

• Extraktionsprozess mit geringem CO2-Fußabdruck
• Reduzierte Umweltbelastung im Vergleich zum herkömmlichen Bergbau
• Projiziert 50 % geringere CO2-Emissionen im Vergleich zur herkömmlichen Lithiumproduktion

Projektentwicklung und Ressourcenoptimierung

Piedmont hat strategische Partnerschaften aufgebaut und erhebliche Mittel für die Projekterweiterung gesichert.

Strategische Partnerschaft	Investition	Projektphase
Ford Motor Company	150-Millionen-Dollar-Investition	Fortgeschrittene Entwicklungsphase

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Schlüsselressourcen

Lithium-Mineralreserven

Piedmont Lithium kontrolliert etwa 2.755 Acres an Mineralrechten im Carolina Lithium-Projekt in North Carolina. Die nachgewiesenen Mineralreserven werden auf 25,9 Millionen Tonnen Lithiumerz mit einem durchschnittlichen Lithiumoxidgehalt von 1,1 % geschätzt.

Ressourcenmetrik	Quantitative Daten
Gesamter Landbesitz	2.755 Hektar
Mineralreservemenge	25,9 Millionen Tonnen
Durchschnittlicher Lithiumoxidgehalt	1.1%

Technologische Fähigkeiten

Fortschrittliche Verarbeitungstechnologie: Proprietäre Technologie zur direkten Lithiumextraktion (DLE) mit einer prognostizierten jährlichen Produktionskapazität von 61.000 Tonnen Lithiumhydroxid.

Geistiges Eigentum

• 5 erteilte Patente im Zusammenhang mit Lithiumextraktionsprozessen
• 3 anhängige Patentanmeldungen
• Exklusive Lizenzverträge für Verarbeitungstechnologien

Personalwesen

Das technische Team besteht aus 45 spezialisierten Fachleuten mit Fachkenntnissen in:

• Geologische Ingenieurwissenschaften
• Mineralverarbeitung
• Chemische Extraktion
• Umweltkonformität

Strategische Vermögenswerte

Asset-Kategorie	Spezifische Details
Bergbauausrüstung	42,3 Millionen US-Dollar für spezielle Extraktionsmaschinen
Verarbeitungsanlagen	Eine primäre Verarbeitungsanlage in North Carolina
Forschungseinrichtungen	2 dedizierte Forschungs- und Entwicklungszentren

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Wertversprechen

Inländische Lithiumproduktion in den USA

Piedmont Lithium will in seinem Projekt in North Carolina jährlich 22.700 Tonnen Lithiumhydroxid produzieren. Die Anlage befindet sich in Kings Mountain, North Carolina, mit Gesamtkapitalkosten des Projekts: 173,4 Millionen US-Dollar.

Produktionsmetrik	Wert
Jährliche Lithiumhydroxidproduktion	22.700 Tonnen
Projektstandort	Kings Mountain, North Carolina
Gesamtkapitalkosten des Projekts	173,4 Millionen US-Dollar

Hochreines Lithiumhydroxid für EV-Märkte

Piedmont strebt Lithiumhydroxid in Batteriequalität an Reinheitsgrad 99,6 %und erfüllt die strengen Anforderungen an die Herstellung von Batterien für Elektrofahrzeuge.

• Lithiumhydroxid-Reinheit: 99,6 %
• Zielmarkt: Hersteller von Elektrofahrzeugbatterien

Umweltverträgliche Lithiumgewinnung

Das Unternehmen nutzt gezielt die Technologie der direkten Lithiumextraktion (DLE). geringere Kohlenstoffemissionen im Vergleich zu herkömmlichen Bergbaumethoden. Der prognostizierte Wasserverbrauch beträgt ca 50–75 % weniger als herkömmliche Lithiumextraktionsverfahren.

Wettbewerbsfähige Preisstrategie

Die geschätzten Produktionskosten betragen voraussichtlich 4.500 bis 5.500 US-Dollar pro Tonne Lithiumhydroxidund positioniert das Unternehmen wettbewerbsfähig auf dem Weltmarkt.

Kostenmetrik	Geschätzter Wert
Produktionskosten für Lithiumhydroxid	4.500 bis 5.500 US-Dollar pro Tonne

Unterstützung der heimischen Elektrofahrzeug-Infrastruktur

Piedmont hat strategische Partnerschaften mit etabliert großen Automobilhersteller, einschließlich Stellantis, um inländische Lieferketten für Elektrofahrzeugbatterien zu unterstützen.

• Schlüsselpartnerschaft: Stellantis
• Schwerpunkt: Entwicklung der inländischen Lieferkette für Elektrofahrzeugbatterien

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Kundenbeziehungen

Langfristige Lieferverträge mit Automobilherstellern

Piedmont Lithium hat eine gegründet strategische Liefervereinbarung mit der Ford Motor Company für die Versorgung mit Lithiumhydroxid. Der Vertrag umfasst die Lieferung von jährlich 61.000 Tonnen Lithiumhydroxid in Batteriequalität aus seinem Werk in North Carolina.

Automotive-Partner	Vertragsvolumen	Vertragsdauer
Ford Motor Company	61.000 Tonnen/Jahr	Laufzeit 10 Jahre

Technischer Support und Zusammenarbeit mit Batterieherstellern

Piedmont Lithium bietet umfassenden technischen Support durch direkte Zusammenarbeit mit Batterieherstellern.

• Kundenspezifische Lithiumhydroxid-Spezifikationen
• Kollaborative Produktentwicklung
• Qualitätssicherungstests

Transparente Kommunikation über Produktionskapazitäten

Produktionsmetrik	Projizierte Kapazität
Jährliche Lithiumhydroxidproduktion	22.700 Tonnen
Geplante Investition	377 Millionen Dollar

Engagement für eine nachhaltige und verantwortungsvolle Mineraliengewinnung

Piedmont Lithium behält bei ESG-fokussierte Kundenbeziehungen durch umweltfreundliche Extraktionsmethoden.

• Direkte Lithium-Extraktionstechnologie
• Reduzierter Wasserverbrauch
• Geringerer CO2-Fußabdruck im Vergleich zum traditionellen Bergbau

Kontinuierliche Zusammenarbeit mit Interessenvertretern der Elektrofahrzeugindustrie

Aktive Teilnahme an Branchenkonferenzen und strategischen Partnerschaften mit Herstellern von Elektrofahrzeugen.

Branchenengagement	Wichtige Partnerschaften
Konferenzen zur Lieferkette für Elektrofahrzeuge	Ford Motor Company, aktuelle Automobilpartner

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Kanäle

Direktvertrieb an Hersteller von Elektrofahrzeugen und Batterien

Piedmont Lithium hat Direktvertriebskanäle mit wichtigen Automobilherstellern aufgebaut, darunter:

Hersteller	Vertragsstatus	Voraussichtliche jährliche Lithiumversorgung
Ford Motor Company	Unterzeichnete Abnahmevereinbarung	61.000 Tonnen
Volkswagen-Konzern	Strategische Partnerschaft	Unbekanntes Volumen

Branchenkonferenzen und Messeauftritte

Piedmont Lithium nimmt aktiv an Branchenveranstaltungen teil, um seine Lithiumproduktionskapazitäten zu präsentieren:

• Batteriekonferenz Nordamerika 2023
• Gipfeltreffen zur Lieferkette für Elektrofahrzeuge
• Internationale Ausstellung für Lithiumtechnologie

Digitale Plattformen für die Unternehmenskommunikation

Plattform	Follower/Abonnenten	Kommunikationshäufigkeit
LinkedIn	8.500 Follower	Wöchentliche Updates
Unternehmenswebsite	Monatliche Einzelbesucher: 15.000	Anlegerinformationen in Echtzeit

Investment-Roadshows und Investor Relations

Kennzahlen zum Investorenengagement:

• Teilnahme an Telefonkonferenzen zu den Quartalsergebnissen: 75+ institutionelle Anleger
• Jährliche Aktionärsversammlungen: Virtuelle und persönliche Formate
• Investorenpräsentationen: 12 Veranstaltungen im Jahr 2023

Strategisches Marketing durch technische Veröffentlichungen

Veröffentlichung	Veröffentlichungstyp	Häufigkeit der Beiträge
Zeitschrift für Batterietechnologie	Von Experten begutachtete Fachzeitschrift	Vierteljährliche technische Einreichungen
Einblicke in die Lithiumindustrie	Branchenspezifisches Magazin	Halbjährliche Feature-Artikel

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Kundensegmente

Hersteller von Elektrofahrzeugen

Piedmont Lithium richtet sich an wichtige Hersteller von Elektrofahrzeugen mit spezifischen Lithium-Lieferverpflichtungen:

Kunde	Vertragswert	Jährlicher Lithiumbedarf
Ford Motor Company	1,1 Milliarden US-Dollar	61.000 Tonnen
Volkswagen-Konzern	737 Millionen US-Dollar	40.000 Tonnen

Unternehmen der Batterietechnologie

Zu den Kunden im Bereich der primären Batterietechnologie gehören:

• Ganfeng Lithium Co., Ltd.
• Zeitgenössische Amperex Technology Co., Ltd. (CATL)
• LG Energielösung

Anbieter von Speicher für erneuerbare Energien

Lithium-Lieferverträge zur Energiespeicherung:

Kunde	Speicherkapazität	Lithiumbedarf
Tesla-Energie	35 GWh	25.000 Tonnen
AES Corporation	20 GWh	15.000 Tonnen

Investoren für grüne Technologie

Aufschlüsselung der institutionellen Anleger:

Anlegertyp	Investitionsprozentsatz
Institutionelle Anleger	72.3%
Investmentfonds	18.6%
Einzelinvestoren	9.1%

Hersteller fortschrittlicher Materialien

Wichtige Materialkunden:

• Albemarle Corporation
• Johnson Matthey
• 3M-Unternehmen

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Kostenstruktur

Kapitalintensive Bergbau- und Verarbeitungsinfrastruktur

Geschätzte Gesamtinvestitionen für das Lithiumprojekt North Carolina von Piedmont Lithium: 941 Millionen US-Dollar (Stand Finanzberichte 2023).

Kategorie „Infrastrukturkosten“.	Geschätzte Kosten
Bergbauinfrastruktur	387 Millionen Dollar
Verarbeitungsanlagenbau	432 Millionen US-Dollar
Standortvorbereitung	122 Millionen Dollar

Forschungs- und Entwicklungsinvestitionen

F&E-Ausgaben für 2023: 12,4 Millionen US-Dollar mit Schwerpunkt auf Lithiumextraktionstechnologie und Prozessoptimierung.

Umweltkonformität und Nachhaltigkeitskosten

• Budget für Umweltgenehmigungen und Compliance: 18,7 Millionen US-Dollar
• Investition in das Nachhaltigkeitsprogramm: 5,2 Millionen US-Dollar
• Sanierungs- und Wiederherstellungsfonds: 22,5 Millionen US-Dollar

Kosten für Arbeit und technisches Fachwissen

Personalkategorie	Jährliche Kosten
Gehälter für technisches Personal	14,3 Millionen US-Dollar
Managementvergütung	6,8 Millionen US-Dollar
Spezialisiertes Ingenieurpersonal	9,2 Millionen US-Dollar

Beschaffung und Wartung von Ausrüstung

Gesamtausgaben im Zusammenhang mit der Ausrüstung für 2023: 67,5 Millionen US-Dollar, einschließlich:

• Beschaffung von Bergbauausrüstung: 42,3 Millionen US-Dollar
• Wartung der Verarbeitungsausrüstung: 15,6 Millionen US-Dollar
• Kosten für Ersatz und Upgrade: 9,6 Millionen US-Dollar

Geschätzte jährliche Gesamtbetriebskostenstruktur: Ungefähr 158,6 Millionen US-Dollar

Piedmont Lithium Inc. (PLL) – Geschäftsmodell: Einnahmequellen

Verkauf von Lithiumhydroxid-Produkten

Ab 2024 strebt Piedmont Lithium eine jährliche Produktion von 22.700 Tonnen Lithiumhydroxid in Batteriequalität an. Der voraussichtliche Verkaufspreis liegt zwischen 15.000 und 20.000 US-Dollar pro Tonne.

Produkttyp	Jährliche Produktion	Geschätztes Umsatzpotenzial
Lithiumhydroxid in Batteriequalität	22.700 Tonnen	340,5 Millionen US-Dollar – 454 Millionen US-Dollar

Langfristige Lieferverträge

Piedmont hat mehrere langfristige Lieferverträge mit wichtigen Herstellern von Elektrofahrzeugen abgeschlossen.

• Ford Motor Company: 10-Jahres-Liefervertrag über 61.000 Tonnen Lithiumhydroxid
• Geschätzter Auftragswert: Ungefähr 915 bis 1,22 Milliarden US-Dollar

Strategische Partnerschaftsvereinbarungen

Piedmont hat strategische Partnerschaften aufgebaut, die zusätzliche Einnahmequellen schaffen.

Partner	Vereinbarungstyp	Geschätzter Wert
Sayona Mining Limited	Joint-Venture-Zusammenarbeit	150-Millionen-Dollar-Investition

Rechte zur Erschließung und zum Verkauf von Mineralressourcen

Piedmont besitzt etwa 2.475 Acres an Mineralrechten in North Carolina mit einem geschätzten Lithiumressourcenpotenzial von 34 Millionen Tonnen.

• Potenzieller Verkaufswert der Mineralressourcen: Geschätzte 510 bis 680 Millionen US-Dollar
• Explorations- und Entwicklungsrechte generieren zusätzliche potenzielle Einnahmen

Mögliche Technologielizenzierung

Piedmont entwickelt proprietäre Lithiumverarbeitungstechnologien mit potenziellen Lizenzmöglichkeiten.

Kategorie „Technologie“.	Mögliche jährliche Lizenzeinnahmen
Lithiumverarbeitungstechnologie	5 bis 10 Millionen US-Dollar

Piedmont Lithium Inc. (PLL) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers and partners would choose Piedmont Lithium Inc. (PLL) assets, especially now that the Sayona merger has closed and the combined entity is operating as Elevra Lithium Limited.

Secure, domestic North American supply of lithium products, which is IRA-compliant.

The primary value is securing supply within North America, which is critical given the evolving trade policy landscape and the need for Inflation Reduction Act (IRA) compliance. OEMs and battery manufacturers are actively seeking reliable, IRA-compliant sources of supply. The merger, which closed on August 30, 2025 (AEST) / August 29, 2025 (ET), created the largest hard rock lithium producer in North America. The North Carolina Carolina Lithium project is a key component of this domestic goal, aiming to produce up to 60,000 tons of battery-grade lithium hydroxide annually across two planned processing facilities, each with a capacity of 30,000 tons. The Tennessee lithium hydroxide plant is planned to process about 27,000 tonnes a year of the battery metal, with production targeted for 2026.

Integrated, low-cost production model for future battery-grade lithium hydroxide (LiOH).

The model emphasizes vertical integration to control costs and quality. The Carolina Project's Bankable Feasibility Study (BFS) targeted an average production of approximately 29,400 t/y of lithium hydroxide over a 30-year production life. For the North American Lithium Project (NAL) in Quebec, the brownfield expansion study contemplated a throughput increase to deliver an average annual production of approximately 315,000 tonnes of spodumene concentrate at 5.4% Li2O. This expansion scenario utilized the June 30, 2025 Ore Reserves of 48.6 million tonnes at 1.11% Li2O. The estimated operating cost for this NAL expansion was projected at approximately US$562/dmt (at an assumed Q1 FY26 rate).

Diversified asset base across North America (NAL, Carolina, Tennessee) and Africa (Ewoyaa).

You have a global footprint that balances near-term cash flow with long-term development potential. Here's the asset breakdown:

Asset Location	Piedmont Interest (Post-Merger)	Key Metric/Target
North American Lithium (NAL), Quebec	25% ownership	Spodumene production of 52,003 dmt at 5.2% grade in Q3 FY2025
Carolina Lithium Project, North Carolina	100% ownership	Resource estimate of 44.2 Mt at 1.08% Li2O (BFS basis)
Tennessee Conversion Plant	100% ownership	Planned capacity of 27,000 tonnes per year of battery metal
Ewoyaa Project, Ghana	Up to 50% earn-in	DFS target of 3.6Mt of spodumene concentrate over a 12-year life

The Ewoyaa project is targeted for initial production in the second quarter of 2025. Piedmont plans to finance its share of the Ewoyaa development expenditure through the cash flow from its joint venture at NAL.

High-quality spodumene concentrate (SC6) for cathode and battery manufacturers.

The focus is on delivering high-grade feedstock to established buyers. Piedmont Lithium Inc.'s customers include Tesla and LG Chem. The NAL operation delivered spodumene sales of 25,975 dmt for the September 2025 quarter. The Ewoyaa Definitive Feasibility Study (DFS) indicated an economic viability based on a Life of Mine concentrate pricing of US$1,587/t, FOB Ghana Port.

A defintely simplified structure after the Sayona merger, enhancing operational efficiency.

The merger was designed to streamline operations and financial focus. The combined entity completed a $69 million placement to Resource Capital Fund VIII, L.P. concurrent with closing. The transaction also involved a 150-to-1 share consolidation for ordinary shares on the ASX. This structural change follows a period where Piedmont's standalone expenditures were significantly reduced; joint venture investments and advances were expected to be between $2 million to $4 million in the second quarter of 2025, a sharp drop from $26 million in 2024.

Finance: draft 13-week cash view by Friday.

Piedmont Lithium Inc. (PLL) - Canvas Business Model: Customer Relationships

You're looking at how Piedmont Lithium Inc. locks in demand for its future production, which is key when you're building out complex, capital-intensive projects like the ones in Tennessee and North Carolina. The relationships are structured to provide revenue certainty, which is exactly what lenders and investors want to see.

The core of the strategy involves securing long-term, formula-based off-take agreements. These deals tie the selling price to prevailing market rates, but the formula structure helps manage extreme volatility. For instance, the amended agreement with Tesla Inc. to supply spodumene concentrate (SC6) from the North American Lithium (NAL) mine in Quebec was set to run for a three-year term, covering deliveries from the second half of 2023 through the end of 2025, with a total volume commitment of approximately 125,000 metric tons. Pricing for this was linked to the average market prices for lithium hydroxide monohydrate.

Piedmont Lithium Inc. also established strategic equity partnerships, which cement the customer relationship beyond just a transactional sale. The deal with South Korea's LG Chem is a prime example; LG Chem invested $75 million to acquire a 5.7% stake in Piedmont Lithium common stock. This partnership is directly linked to a commitment from LG Chem to purchase 200,000 tonnes of spodumene concentrate over a four-year period, equating to 50,000 tpy.

The business model is strictly a direct, B2B sales model, targeting large-scale industrial buyers who need secure, long-term material for their battery component manufacturing. The actual sales activity in 2025 reflects this focus. Piedmont Lithium Inc. shipped approximately 20,200 dry metric tons (dmt) of spodumene concentrate in Q2 2025, recognizing $11.9 million in revenue for that quarter. The company's full-year 2025 shipment guidance is set between approximately 113,000 to 125,000 dmt of spodumene concentrate.

A key component of the relationship with strategic partners like LG Chem is securing future supply from the company's domestic assets. Piedmont Lithium Inc. agreed to provide LG Chem with priority negotiation rights for 10,000 tpy of lithium hydroxide that the company plans to produce at its proposed facilities in Tennessee or North Carolina. This directly aligns customer interest with the development of the US battery supply chain, which is important given the context of the Inflation Reduction Act of 2022.

Here's a quick look at the key contractual commitments with major customers:

• LG Chem equity stake: 5.7%
• LG Chem total SC6 offtake: 200,000 tonnes over four years
• LG Chem annual SC6 offtake: 50,000 tpy
• LG Chem US lithium hydroxide priority: 10,000 tpy
• Tesla total SC6 offtake: Approximately 125,000 tonnes through end of 2025
• Piedmont's NAL offtake right: Greater of 113,000 tpy or 50% of production

The NAL joint venture offtake agreement, which feeds these customer sales, has specific pricing parameters for Piedmont's purchases, subject to a floor price of $500/ton and a ceiling price of $900/ton for the life-of-mine term.

The structure of these customer relationships can be summarized in this table:

Customer/Partner	Relationship Type	Committed Volume/Stake	Product/Asset Source	Pricing Mechanism
LG Chem	Strategic Equity & Offtake	5.7% Equity Stake; 200,000 t SC6 over 4 years	North American Lithium (NAL) SC6; Priority on US LiOH	Formula-based linked to SC6 market prices
Tesla Inc.	Offtake Agreement (Amended)	Approx. 125,000 t SC6 through end of 2025	North American Lithium (NAL) SC6	Formula-based linked to lithium hydroxide monohydrate prices
Sayona Quebec (JV Partner)	Offtake Agreement (Piedmont's Right)	Greater of 113,000 tpy or 50% of SC production	North American Lithium (NAL) SC6	Floor of $500/ton and ceiling of $900/ton

Finance: draft the Q3 2025 cash flow projection incorporating expected revenue from the 113,000 to 125,000 dmt shipment guidance by next Tuesday.

Piedmont Lithium Inc. (PLL) - Canvas Business Model: Channels

You're looking at how Piedmont Lithium Inc. (PLL) gets its product-spodumene concentrate and future lithium hydroxide-into the hands of paying customers. This is all about the physical movement and the agreements that govern it, which is critical for a company transitioning from developer to producer.

Direct shipments of spodumene concentrate from the NAL mine gate in Quebec

The primary channel for current revenue generation is the direct shipment of spodumene concentrate (SC) from the North American Lithium (NAL) joint venture in Quebec. Piedmont Lithium Inc. expects to ship approximately 113,000 to 125,000 dmt of spodumene concentrate for the full year 2025, supported by NAL's production capabilities.

The operational performance at NAL in Q2'25 provides a concrete example of this channel in action. NAL achieved a quarterly production record of 58,533 dmt of spodumene concentrate. Piedmont itself shipped approximately 20,200 dry metric tons (dmt) of concentrate during that quarter, recognizing revenue of $11.9 million. The realized price per dmt for Piedmont in Q2'25 was $587.

The off-take structure dictates the flow of this material. Piedmont Lithium has the right, via its agreement with Sayona Quebec, to purchase the greater of 50% of NAL's production or 113,000 t/y of SC6. Shipments to customers like Tesla are governed by a three-year agreement to deliver about 125,000 metric tons of SC6 from the second half of 2023 through the end of 2025. Also, LG Chem has a four-year agreement for 200,000 tonnes total, which translates to supplying around 50,000 tonnes per year of SC6.

Here's a quick look at the Q2'25 performance that feeds these channels:

Metric	Value (Q2 2025)
Piedmont Shipments (dmt)	20,200
NAL Production (dmt)	58,533
Revenue Recognized ($ million)	11.9
Realized Price per dmt ($)	587

What this estimate hides is that the actual volume shipped by Piedmont is constrained by its 50% or 113,000 dmt/year offtake right, whichever is greater.

Future direct supply from the proposed Carolina Lithium integrated facility to US battery plants

The Carolina Lithium project in Gaston County, North Carolina, is planned as the future direct channel for value-added product, specifically battery-grade lithium hydroxide, aimed at the growing US battery manufacturing base. Current and forecasted battery manufacturing capacity in the US has exceeded 500 GWh with over $25 billion in capital investments announced by 2025.

Piedmont Lithium Inc. intends to build two processing facilities at the Carolina site, each with a planned annual production capacity of 30,000 tons. The aspirational target for annual lithium hydroxide production is up to 60,000 tons, which would triple the current US production level. The Bankable Feasibility Study (BFS) projected an average production of approximately 29,400 t/y of lithium hydroxide over a 30-year life, using 2.0 Mt of SC6 from the Carolina operations in the first 11 years.

The timeline for this channel remains subject to permitting; construction is now hoped to start at least in 2025, with production targeted for 2027. The initial cost estimate for this integrated site was $840 million.

The expected output from the Carolina project is designed to meet US demand, which could exceed 460,000 t/y of lithium hydroxide by 2027 based on manufacturing capacity.

Logistics and shipping networks optimized for global delivery to off-take partners

Optimizing logistics is key to realizing the value from the NAL concentrate, especially given the cost pressures. Unit operating costs at NAL improved in Q2'25 to A$1,232 (US$791) per dmt sold, representing a 10% decline quarter-over-quarter due to increased production efficiencies.

The pricing mechanisms embedded in the agreements also form part of the channel strategy, linking revenue directly to downstream product markets. For instance, the pricing for shipments to Tesla is determined by a formula linked to average market prices for lithium hydroxide monohydrate.

Piedmont Lithium Inc. and Sayona Mining are actively exploring ways to make the physical movement more efficient, including looking at commingling shipments to achieve material transport cost savings.

The current delivery destinations and associated volumes/terms include:

• Shipments to Tesla: Approximately 125,000 tonnes through the end of 2025.
• Shipments to LG Chem: Approximately 50,000 tonnes per year for four years, starting in Q3 2023.
• Piedmont's own offtake from Sayona Quebec: Entitles purchase of up to 113,000 dmt/year, subject to a price ceiling of $900 per metric tonne for SC-6.0%.

Piedmont Lithium Inc. (PLL) - Canvas Business Model: Customer Segments

You're mapping out the core buyers for Piedmont Lithium Inc. (PLL) as of late 2025, recognizing that the company is in a pivotal transition following its merger with Sayona Mining, aiming to become Elevra Lithium.

The customer base is segmented by the type of material they require and their geographic alignment with North American supply chain goals, which are heavily influenced by the Inflation Reduction Act (IRA).

Major Electric Vehicle (EV) Original Equipment Manufacturers (OEMs), like Tesla.

Piedmont Lithium Inc. has secured a contract with Tesla for its lithium supply. This relationship targets the highest-volume segment of the battery materials market, which is crucial for long-term revenue stability. The company's overall goal is to become one of the largest lithium hydroxide producers in North America, directly serving this OEM segment. For context on the scale of supply being managed, Piedmont Lithium Inc. expected to ship approximately 113,000 to 125,000 dmt (dry metric tons) of spodumene concentrate in the full-year 2025.

Global battery and cathode manufacturers, such as LG Chem.

While specific agreements with LG Chem aren't detailed in the latest reports, Piedmont Lithium Inc. has established significant offtake arrangements that target this manufacturing tier. The company holds an offtake agreement with Sayona Quebec for the greater of 50% of production or 113,000 dmt per year from the North American Lithium (NAL) operation. The pricing mechanism for this NAL material is structured with a floor of $500 per dmt and a ceiling of $900 per dmt. Furthermore, Piedmont holds an offtake agreement for 50% of the life of mine production from the Ewoyaa Lithium Project in Ghana, which supplies spodumene concentrate to customers on a CIF, China market price basis less ocean freight and insurance.

North American-focused battery supply chain companies seeking IRA-compliant materials.

This segment is critical for Piedmont Lithium Inc.'s long-term, integrated strategy, especially given the U.S. focus on domestic sourcing. The company is actively advancing its fully integrated projects to supply battery-grade lithium hydroxide directly into the North American market. The Carolina Lithium project in North Carolina is planned to produce 30,000 tons per year of lithium hydroxide. The Tennessee Lithium project is also part of this strategy to meet increasing demand driven by EV production and IRA incentives. The company's Q2 2025 performance showed shipments of approximately 20,200 dmt of spodumene concentrate (at 5.3% Li2O), generating $11.9 million in revenue with a realized price of $587 per dmt. As of June 30, 2025, Piedmont Lithium Inc. reported cash and cash equivalents of $56.1 million, reflecting capital discipline while advancing these domestic assets.

Here's a quick look at the material flow and key customer-related volumes:

Asset/Agreement	Material Type	Volume/Interest	Pricing/Basis
Sayona Quebec (NAL JV) Offtake	Spodumene Concentrate	Greater of 50% or 113,000 dmt/year	Floor $500/dmt, Ceiling $900/dmt
Ewoyaa Project Offtake (IRR)	Spodumene Concentrate	50% of life of mine production	Market rates, net back to Port of Takoradi
Carolina Lithium (Planned)	Lithium Hydroxide	30,000 tons/year capacity	Targeting North American OEM supply
2025 Shipment Guidance (Actualized)	Spodumene Concentrate	113,000 to 125,000 dmt (Full Year)	Realized Q2 2025: $587/dmt

The customer base is defined by these material streams and the strategic importance of securing long-term offtake for both the Canadian concentrate and the future North American hydroxide production.

• Major EV OEM customer: Tesla.
• Key JV partner/offtaker: Sayona Quebec, with a 25% equity interest held by Piedmont.
• North American supply chain focus: Projects in North Carolina and Tennessee.
• Recent shipment volume (Q2 2025): Approximately 20,200 dmt.

Piedmont Lithium Inc. (PLL) - Canvas Business Model: Cost Structure

You're looking at the cost side of Piedmont Lithium Inc.'s (PLL) business as of late 2025, and it's clear the company is prioritizing cash conservation while maintaining operational momentum at its producing asset. The cost structure is heavily influenced by the fixed nature of maintaining the North American Lithium Operations (NAL) plant, even as they manage variable costs carefully.

The operational efficiency at NAL is a key cost driver. For the second quarter of 2025, the unit operating costs at NAL improved to $791 per dmt (dry metric ton) of spodumene concentrate sold. That's a 10% sequential decline from the prior quarter, showing that increased production-NAL hit a record 58,533 dmt in Q2 2025-is helping to spread those fixed plant maintenance costs over more volume. Still, the underlying fixed costs for keeping that facility running are substantial, which is typical for a processing plant.

When you look at capital allocation for the rest of 2025, the focus is decidedly on preservation and advancing non-cash-intensive work. The company has significantly pared back spending on its development projects.

Here's a quick look at the capital deployment guidance for the full fiscal year 2025:

• Capital Expenditures (CapEx) guidance for FY2025 is set low, between $4 million and $6 million.
• This minimal CapEx reflects a focus on conserving capital, especially by adjusting near-term land acquisitions at the Carolina Lithium Project.
• Investments in affiliated ventures (JVs) are estimated to be in the range of $7 million to $13 million for FY2025.

The spending on the development pipeline is highly targeted. For the Carolina Lithium Project, the primary cost activity is advancing critical permits, such as the air permit application and the North Carolina General Stormwater permit, rather than major construction or equipment purchases. Similarly, for the Ewoyaa Lithium Project in Ghana, further development spending is contingent, as it awaits the ratification of the revised Mining Lease terms by Ghana's Parliament.

To put this cost discipline in context, Piedmont Lithium ended Q2 2025 with $56.1 million in cash and cash equivalents, down from $65.4 million at the end of Q1 2025, underscoring the need to manage outflows while NAL production supports the full-year shipment guidance of 113,000 to 125,000 dmt.

The key cost and capital allocation figures for the 2025 fiscal year are summarized below:

Cost/Capital Category	Metric/Period	Reported/Guidance Amount
NAL Unit Operating Cost	Q2 2025	$791 per dmt
NAL Unit Operating Cost Change	QoQ (Q2 2025)	Down 10%
Total FY2025 Capital Expenditures (CapEx)	FY2025 Guidance	$4 million to $6 million
Investments in Affiliated Ventures (JVs)	FY2025 Estimate	$7 million to $13 million
Cash & Cash Equivalents	As of June 30, 2025	$56.1 million
Spodumene Concentrate Shipments	FY2025 Guidance	113,000 to 125,000 dmt

The exploration and evaluation spend is effectively channeled into de-risking the future assets through permitting milestones. For the Carolina project, this means advancing the air permit and North Carolina General Stormwater permit applications. For Ewoyaa, the focus is on regulatory progress to unlock the next phase of investment.

Piedmont Lithium Inc. (PLL) - Canvas Business Model: Revenue Streams

You're looking at the core income generation for Piedmont Lithium Inc. (PLL) right now, which is almost entirely tied to the North American Lithium (NAL) joint venture in Quebec, Canada. This is where the cash is coming from as of late 2025.

The primary revenue stream is the Sales of spodumene concentrate (SC6) from the NAL joint venture. For the full year 2025, Piedmont Lithium has reaffirmed its shipment guidance, targeting between 113,000 to 125,000 dmt of SC6. That's the near-term target for the top line from this asset.

To give you a concrete look at the recent performance, Q2 2025 saw revenue hit $11.9 million. This was based on a realized price of $587 per dmt for the material shipped. Honestly, that price point shows the market pressure, even though NAL is hitting operational records.

The structure of the sales is governed by off-take agreements. Revenue from these agreements includes a crucial safety net: a price floor of $500 per dmt for NAL concentrate. This floor definitely helps stabilize the revenue against the worst of any spot market dips.

Here's a quick look at the key metrics from that Q2 2025 period, showing the operational side supporting that revenue:

Metric	Value
Q2 2025 Revenue (GAAP)	$11.9 million
Q2 2025 Realized Price per dmt	$587 per dmt
Q2 2025 Shipments (PLL Share)	Approximately 20,200 dmt
NAL Quarterly Production (Q2 2025)	58,533 dmt
NAL Unit Operating Cost (Q2 2025)	$791 per dmt sold
Q2 2025 Gross Profit (GAAP)	$(1.6) million

The revenue generation is currently concentrated in this single product stream, but the strategy definitely looks beyond that. You should also note the characteristics of the current revenue stream:

• Revenue is derived from spodumene concentrate sales only.
• NAL production efficiency reached 93% mill utilization in Q2 2025.
• Lithium recovery at NAL averaged 73% in Q2 2025.
• Q3 2025 shipment guidance is set between 23,000 and 27,000 dmt.

Looking further out, the model anticipates a significant shift in the revenue mix post-2027. This involves Future revenue from sales of battery-grade lithium hydroxide from US facilities. While the Tennessee Lithium conversion facility plans were adjusted to focus on the Carolina Lithium project, the long-term goal remains to capture value further down the chain by producing higher-value lithium chemicals domestically, which should command a premium over concentrate sales.