Piedmont Lithium Inc. (PLL): Lienzo de Modelo de Negocio [Actualizado en Ene-2025]

En el panorama electrizante de la tecnología verde, Piedmont Lithium Inc. (PLL) emerge como un jugador fundamental que transforma la cadena de suministro de vehículos eléctricos a través de la innovadora producción de litio nacional. Con un punto de apoyo estratégico en el terreno rico en minerales de Carolina del Norte, la compañía está preparada para revolucionar la fabricación de baterías al ofrecer hidróxido de litio de alta pureza Dirigido directamente del suelo estadounidense, desafiando las dependencias de suministro globales tradicionales y se posicionan a la vanguardia de la infraestructura energética sostenible.

Piedmont Lithium Inc. (PLL) - Modelo de negocio: asociaciones clave

Asociación estratégica con Ford Motor Company

En julio de 2022, Piedmont Lithium firmó un Acuerdo de suministro de litio con Ford Motor Company. Los detalles clave incluyen:

Métrico de asociación	Valor
Volumen total del contrato	61,000 toneladas métricas de hidróxido de litio
Duración del contrato	2025-2035
Valor estimado del contrato	Aproximadamente $ 1.2 mil millones

Colaboración con Saybrook Infrastructure Partners

Piedmont Lithium ha establecido una asociación para el desarrollo de proyectos en Carolina del Norte.

• Ubicación del proyecto: Kings Mountain, Carolina del Norte
• Inversión total del proyecto: estimado de $ 600 millones
• Capacidad de producción anual proyectada: 22,700 toneladas métricas de hidróxido de litio

Acuerdos de empresa conjunta

Fabricante	Detalles de la asociación	Valor de inversión
Corporación Albemarle	Colaboración de tecnología de procesamiento de litio	$ 190 millones
Litio ganfeng	Inversión estratégica y compartir tecnología	$ 125 millones

Asociaciones de proveedores de equipos mineros

Piedmont ha establecido relaciones con proveedores de equipos mineros especializados:

• MetSo Outotec: Adquisición de equipos de procesamiento
• Caterpillar Inc.: Suministro de maquinaria minera
• Inversión total del equipo: aproximadamente $ 85 millones

Colaboración técnica

Firme	Enfoque de colaboración	Inversión de investigación
Servicios de minerales SGS	Pruebas geológicas y evaluación de recursos	$ 3.5 millones
Tetra Tech Inc.	Ingeniería y sostenibilidad ambiental	$ 2.8 millones

Piedmont Lithium Inc. (PLL) - Modelo de negocio: actividades clave

Exploración y extracción de litio en Carolina del Norte

Piedmont Lithium opera Proyecto de litio de 141 acres En el cinturón de lata de Carolina. La compañía ha asegurado $ 190 millones en financiamiento de proyectos para operaciones de extracción de litio.

Ubicación del proyecto	Área de tierra	Estimación de recursos
Carolina del Norte, EE. UU.	141 acres	27.3 millones de toneladas de recursos minerales de litio

Desarrollo de tecnologías avanzadas de procesamiento de litio

La compañía se centra en técnicas de procesamiento innovadoras con Tecnología de extracción de litio directo (DLE).

• Asociación con Sayona Mining for Technology Development
• Inversión en métodos de procesamiento propietario
• Capacidad de procesamiento objetivo de 22,700 toneladas métricas de hidróxido de litio anualmente

Producción de hidróxido de litio de grado baterista

Piedmont se dirige a la producción de hidróxido de litio de alta pureza para fabricantes de baterías de vehículos eléctricos.

Capacidad de producción	Nivel de pureza	Mercado objetivo
22,700 toneladas métricas/año	99.6% de hidróxido de litio de grado de batería	Fabricantes de baterías de vehículos eléctricos

Operaciones sostenibles de minería y procesamiento

La empresa implementa métodos de extracción ambientalmente conscientes con Uso mínimo de agua y químicos.

• Proceso de extracción de huella baja en carbono
• Impacto ambiental reducido en comparación con la minería tradicional
• Proyectado 50% de emisiones de carbono más bajas en comparación con la producción de litio convencional

Desarrollo de proyectos y optimización de recursos

Piedmont ha establecido asociaciones estratégicas y ha asegurado fondos significativos para la expansión del proyecto.

Asociación estratégica	Inversión	Etapa de proyecto
Ford Motor Company	$ 150 millones de inversión	Fase de desarrollo avanzado

Piedmont Lithium Inc. (PLL) - Modelo de negocio: recursos clave

Reservas minerales de litio

Piedmont Lithium controla aproximadamente 2,755 acres de derechos minerales en el proyecto Carolina Lithium ubicado en Carolina del Norte. Las reservas minerales probadas estimadas en 25.9 millones de toneladas métricas de mineral de litio con un grado promedio de óxido de litio al 1,1%.

Métrico de recursos	Datos cuantitativos
Total de propiedad de tierras	2,755 acres
Cantidad de reserva mineral	25,9 millones de toneladas métricas
Grado promedio de óxido de litio	1.1%

Capacidades tecnológicas

Tecnología de procesamiento avanzado: Tecnología de extracción de litio directo (DLE) patentado con capacidad de producción anual proyectada de 61,000 toneladas métricas de hidróxido de litio.

Propiedad intelectual

• 5 patentes otorgadas relacionadas con procesos de extracción de litio
• 3 solicitudes de patentes pendientes
• Acuerdos de licencia exclusivos para tecnologías de procesamiento

Recursos humanos

El equipo técnico comprende 45 profesionales especializados con experiencia en:

• Ingeniería geológica
• Procesamiento mineral
• Extracción química
• Cumplimiento ambiental

Activos estratégicos

Categoría de activos	Detalles específicos
Equipo minero	$ 42.3 millones en maquinaria de extracción especializada
Instalaciones de procesamiento	Una instalación de procesamiento primario en Carolina del Norte
Instalaciones de investigación	2 centros de I + D dedicados

Piedmont Lithium Inc. (PLL) - Modelo de negocio: propuestas de valor

Producción nacional de litio con sede en Estados Unidos

Piedmont Lithium tiene como objetivo producir 22,700 toneladas métricas de hidróxido de litio anualmente a partir de su proyecto de Carolina del Norte. La instalación está ubicada en Kings Mountain, Carolina del Norte, con $ 173.4 millones en costos totales de capital del proyecto.

Métrica de producción	Valor
Producción anual de hidróxido de litio	22,700 toneladas métricas
Ubicación del proyecto	Kings Mountain, Carolina del Norte
Costo total de capital del proyecto	$ 173.4 millones

Hidróxido de litio de alta pureza para mercados de EV

Piedmont se dirige a hidróxido de litio de grado a batería con 99.6% Niveles de pureza, cumpliendo con estrictos requisitos de fabricación de baterías de vehículos eléctricos.

• Pureza de hidróxido de litio: 99.6%
• Mercado objetivo: fabricantes de baterías de vehículos eléctricos

Extracción de litio ambientalmente sostenible

La compañía utiliza tecnología de extracción de litio directo (DLE), dirigido a Emisiones de carbono más bajas en comparación con los métodos mineros tradicionales. El uso de agua proyectado es aproximadamente 50-75% menos que los procesos de extracción de litio convencionales.

Estrategia de precios competitivos

Los costos de producción estimados se proyectan en $ 4,500- $ 5,500 por tonelada métrica de hidróxido de litio, posicionando a la empresa de manera competitiva en el mercado global.

Métrico de costo	Valor estimado
Costo de producción de hidróxido de litio	$ 4,500- $ 5,500 por tonelada métrica

Soporte para infraestructura de vehículos eléctricos domésticos

Piedmont ha establecido asociaciones estratégicas con principales fabricantes de automóviles, incluido Stellantis, para admitir cadenas de suministro de baterías de vehículos eléctricos domésticos.

• Asociación clave: Stellantis
• Enfoque: Desarrollo doméstico de la cadena de suministro de baterías EV

Piedmont Lithium Inc. (PLL) - Modelo de negocios: relaciones con los clientes

Contratos de suministro a largo plazo con fabricantes de automóviles

Piedmont Lithium ha establecido un Acuerdo de suministro estratégico con Ford Motor Company para suministro de hidróxido de litio. El contrato implica entregar 61,000 toneladas métricas de hidróxido de litio de grado baterista anualmente desde sus instalaciones de Carolina del Norte.

Socio automotriz	Volumen de contrato	Duración del contrato
Ford Motor Company	61,000 toneladas métricas/año	Plazo de 10 años

Soporte técnico y colaboración con productores de baterías

Piedmont Lithium proporciona un soporte técnico integral a través del compromiso directo con los fabricantes de baterías.

• Especificaciones personalizadas de hidróxido de litio
• Desarrollo de productos colaborativos
• Pruebas de garantía de calidad

Comunicación transparente sobre las capacidades de producción

Métrica de producción	Capacidad proyectada
Producción anual de hidróxido de litio	22,700 toneladas métricas
Inversión proyectada	$ 377 millones

Compromiso con la extracción mineral sostenible y responsable

Piedmont Lithium mantiene Relaciones con los clientes centradas en el ESG a través de métodos de extracción ambientalmente responsables.

• Tecnología directa de extracción de litio
• Consumo de agua reducido
• Huella de carbono más baja en comparación con la minería tradicional

Compromiso continuo con las partes interesadas de la industria de los vehículos eléctricos

Participación activa en conferencias de la industria y asociaciones estratégicas con fabricantes de EV.

Participación de la industria	Asociaciones clave
Conferencias de cadena de suministro de EV	Ford Motor Company, socios automotrices actuales

Piedmont Lithium Inc. (PLL) - Modelo de negocio: canales

Ventas directas a fabricantes de vehículos eléctricos y baterías

Piedmont Lithium ha establecido canales de ventas directas con fabricantes de automóviles clave, que incluyen:

Fabricante	Estatus de contrato	Suministro de litio anual proyectado
Ford Motor Company	Acuerdo de Aftación firmado	61,000 toneladas métricas
Grupo Volkswagen	Asociación estratégica	Volumen no revelado

Conferencias de la industria y representaciones de ferias comerciales

Piedmont Lithium participa activamente en eventos de la industria para mostrar sus capacidades de producción de litio:

• Conferencia de baterías de América del Norte 2023
• Cumbre de la cadena de suministro de vehículos eléctricos
• Exposición internacional de tecnología de litio

Plataformas digitales para la comunicación corporativa

Plataforma	Seguidores/suscriptores	Frecuencia de comunicación
LinkedIn	8.500 seguidores	Actualizaciones semanales
Sitio web corporativo	Visitantes únicos mensuales: 15,000	Información del inversor en tiempo real

Roadshows de inversión y relaciones con los inversores

Métricas de compromiso de los inversores:

• Participación de llamadas de ganancias trimestrales: más de 75 inversores institucionales
• Reuniones anuales de accionistas: formatos virtuales y en persona
• Presentaciones de inversores: 12 eventos en 2023

Marketing estratégico a través de publicaciones técnicas

Publicación	Tipo de publicación	Frecuencia de contribuciones
Journal of Battery Technology	Revista técnica revisada por pares	Presentaciones técnicas trimestrales
Insights de la industria del litio	Revista específica de la industria	Artículos de largometrajes bianuales

Piedmont Lithium Inc. (PLL) - Modelo de negocio: segmentos de clientes

Fabricantes de vehículos eléctricos

Piedmont Lithium se dirige a los fabricantes de vehículos eléctricos clave con compromisos específicos de suministro de litio:

Cliente	Valor de contrato	Requisito anual de litio
Ford Motor Company	$ 1.1 mil millones	61,000 toneladas métricas
Grupo Volkswagen	$ 737 millones	40,000 toneladas métricas

Compañías de tecnología de baterías

Los clientes principales de la tecnología de la batería incluyen:

• Ganfeng Lithium Co., Ltd.
• Contemporary Amperex Technology Co., Ltd. (CATL)
• Solución de energía LG

Proveedores de almacenamiento de energía renovable

Contratos de suministro de litio para almacenamiento de energía:

Cliente	Capacidad de almacenamiento	Requisito de litio
Tesla Energy	35 GWH	25,000 toneladas métricas
AES Corporation	20 GWH	15,000 toneladas métricas

Inversores de tecnología verde

Desglose de inversores institucionales:

Tipo de inversor	Porcentaje de inversión
Inversores institucionales	72.3%
Fondos mutuos	18.6%
Inversores individuales	9.1%

Fabricantes de materiales avanzados

Materiales clave clientes:

• Corporación Albemarle
• Johnson Matthey
• 3M Company

Piedmont Lithium Inc. (PLL) - Modelo de negocio: Estructura de costos

Infraestructura de procesamiento y minería intensiva en capital

Gasto de capital estimado total para el Proyecto de Litio de Carolina del Norte de Piedmont Lithium: $ 941 millones a partir de 2023 informes financieros.

Categoría de costos de infraestructura	Gasto estimado
Infraestructura minera	$ 387 millones
Construcción de plantas de procesamiento	$ 432 millones
Preparación del sitio	$ 122 millones

Inversiones de investigación y desarrollo

Gastos de I + D para 2023: $ 12.4 millones centrado en la tecnología de extracción de litio y la optimización de procesos.

Costos de cumplimiento ambiental y sostenibilidad

• Presupuesto de permisos ambientales y cumplimiento: $ 18.7 millones
• Inversión del programa de sostenibilidad: $ 5.2 millones
• Fondo de recuperación y restauración: $ 22.5 millones

Gastos de experiencia laboral y técnica

Categoría de personal	Costo anual
Salarios técnicos del personal	$ 14.3 millones
Compensación de gestión	$ 6.8 millones
Personal de ingeniería especializada	$ 9.2 millones

Adquisición y mantenimiento de equipos

Gastos totales relacionados con el equipo para 2023: $ 67.5 millones, que incluyen:

• Adquisición de equipos mineros: $ 42.3 millones
• Mantenimiento del equipo de procesamiento: $ 15.6 millones
• Costos de reemplazo y actualización: $ 9.6 millones

Estructura de costo operacional anual total estimada: aproximadamente $ 158.6 millones

Piedmont Lithium Inc. (PLL) - Modelo de negocio: flujos de ingresos

Ventas de productos de hidróxido de litio

A partir de 2024, Piedmont Lithium se dirige a la producción anual de 22,700 toneladas métricas de hidróxido de litio de grado de batería. El precio de venta proyectado oscila entre $ 15,000 y $ 20,000 por tonelada métrica.

Tipo de producto	Producción anual	Potencial de ingresos estimado
Hidróxido de litio de grado baterista	22,700 toneladas métricas	$ 340.5 millones - $ 454 millones

Contratos de suministro a largo plazo

Piedmont ha asegurado múltiples acuerdos de suministro a largo plazo con fabricantes de vehículos eléctricos clave.

• Ford Motor Company: Acuerdo de suministro a 10 años para 61,000 toneladas métricas de hidróxido de litio
• Valor estimado del contrato: aproximadamente $ 915 millones a $ 1.22 mil millones

Acuerdos de asociación estratégica

Piedmont ha establecido asociaciones estratégicas que generan fuentes de ingresos adicionales.

Pareja	Tipo de acuerdo	Valor estimado
Sayona Mining Limited	Colaboración de empresa conjunta	$ 150 millones de inversión

Desarrollo de recursos minerales y derechos de venta

Piedmont posee aproximadamente 2,475 acres de derechos minerales en Carolina del Norte con un potencial de recursos de litio estimado de 34 millones de toneladas métricas.

• Valor de venta potencial de recursos minerales: estimado de $ 510 millones a $ 680 millones
• Los derechos de exploración y desarrollo generan ingresos potenciales adicionales

Licencias de tecnología potencial

Piedmont está desarrollando tecnologías patentadas de procesamiento de litio con posibles oportunidades de licencia.

Categoría de tecnología	Ingresos anuales potenciales de licencia
Tecnología de procesamiento de litio	$ 5 millones - $ 10 millones

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.