Piedmont Lithium Inc. (PLL): Modelo de negócios Canvas [Jan-2025 Atualizado]

Na paisagem eletrizante da tecnologia verde, a Piedmont Lithium Inc. (PLL) surge como um jogador fundamental que transforma a cadeia de suprimentos de veículos elétricos por meio da inovadora produção doméstica de lítio. Com uma posição estratégica no terreno rico em minerais da Carolina do Norte, a empresa está pronta para revolucionar a fabricação de baterias, oferecendo Hidróxido de lítio de alta pureza Dirigido diretamente do solo americano, desafiando as dependências tradicionais de suprimentos globais e se posicionando na vanguarda da infraestrutura de energia sustentável.

Piedmont Lithium Inc. (PLL) - Modelo de negócios: Parcerias -chave

Parceria estratégica com a Ford Motor Company

Em julho de 2022, Piedmont Lithium assinou um Contrato de fornecimento de lítio com a Ford Motor Company. Os principais detalhes incluem:

Métrica de Parceria	Valor
Volume total de contratos	61.000 toneladas de hidróxido de lítio
Duração do contrato	2025-2035
Valor estimado do contrato	Aproximadamente US $ 1,2 bilhão

Colaboração com Saybrook Infrastructure Partners

O Piedmont Lithium estabeleceu uma parceria para o desenvolvimento de projetos na Carolina do Norte.

• Localização do projeto: Kings Mountain, Carolina do Norte
• Investimento total do projeto: estimado US $ 600 milhões
• Capacidade anual de produção projetada: 22.700 toneladas de hidróxido de lítio

Acordos de joint venture

Fabricante	Detalhes da parceria	Valor de investimento
Albemarle Corporation	Colaboração de tecnologia de processamento de lítio	US $ 190 milhões
Ganfeng Lithium	Investimento estratégico e compartilhamento de tecnologia	US $ 125 milhões

Parcerias de fornecedores de equipamentos de mineração

O Piedmont estabeleceu relacionamentos com fornecedores especializados de equipamentos de mineração:

• METSO OUTOTEC: Aquisição de equipamentos de processamento
• Caterpillar Inc.: Fornecimento de máquinas de mineração
• Investimento total do equipamento: aproximadamente US $ 85 milhões

Colaboração técnica

Empresa	Foco de colaboração	Investimento em pesquisa
Serviços de minerais SGS	Testes geológicos e avaliação de recursos	US $ 3,5 milhões
Tetra Tech Inc.	Engenharia Ambiental e Sustentabilidade	US $ 2,8 milhões

Piedmont Lithium Inc. (PLL) - Modelo de negócios: Atividades -chave

Exploração e extração de lítio na Carolina do Norte

Piemonte lítio opera um Projeto de lítio de 141 acres No cinto Carolina Tin-Spodumen. A empresa garantiu US $ 190 milhões em financiamento de projetos para operações de extração de lítio.

Localização do projeto	Área terrestre	Estimativa de recursos
Carolina do Norte, EUA	141 acres	27,3 milhões de toneladas de recursos minerais de lítio

Desenvolvimento de tecnologias avançadas de processamento de lítio

A empresa se concentra em técnicas inovadoras de processamento com Tecnologia direta de extração de lítio (DLE).

• Parceria com a Sayona Mining for Technology Development
• Investimento em métodos de processamento proprietário
• Capacidade de processamento de destino de 22.700 toneladas de hidróxido de lítio anualmente

Produção de hidróxido de lítio de grau de bateria

O Piedmont tem como alvo a produção de hidróxido de lítio de alta pureza para fabricantes de baterias de veículos elétricos.

Capacidade de produção	Nível de pureza	Mercado -alvo
22.700 toneladas métricas/ano	99,6% de hidróxido de lítio de grau de bateria	Fabricantes de baterias de veículos elétricos

Operações sustentáveis ​​de mineração e processamento

A empresa implementa métodos de extração consciente ambientalmente com Uso mínimo de água e produtos químicos.

• Processo de extração de pegada de baixo carbono
• Impacto ambiental reduzido em comparação com a mineração tradicional
• Projetado 50% de emissões de carbono 50% comparado à produção convencional de lítio

Desenvolvimento de projetos e otimização de recursos

O Piedmont estabeleceu parcerias estratégicas e garantiu financiamento significativo para a expansão do projeto.

Parceria estratégica	Investimento	Estágio do projeto
Ford Motor Company	US $ 150 milhões em investimento	Fase de desenvolvimento avançado

Piedmont Lithium Inc. (PLL) - Modelo de negócios: Recursos -chave

Reservas minerais de lítio

O Piedmont lítio controla aproximadamente 2.755 acres de direitos minerais no projeto Carolina Lithium, localizado na Carolina do Norte. Reservas minerais comprovadas estimadas em 25,9 milhões de toneladas de minério de lítio com um grau médio de 1,1% de óxido de lítio.

Métrica de recurso	Dados quantitativos
TOTAL DE TERRAS	2.755 acres
Quantidade de reserva mineral	25,9 milhões de toneladas métricas
Grau médio de óxido de lítio	1.1%

Capacidades tecnológicas

Tecnologia de processamento avançado: Tecnologia proprietária de extração direta de lítio (DLE) com capacidade de produção anual projetada de 61.000 toneladas de hidróxido de lítio.

Propriedade intelectual

• 5 patentes concedidas relacionadas aos processos de extração de lítio
• 3 pedidos de patente pendente
• Acordos de licenciamento exclusivos para tecnologias de processamento

Recursos Humanos

A equipe técnica compreende 45 profissionais especializados com experiência em:

• Engenharia Geológica
• Processamento mineral
• Extração química
• Conformidade ambiental

Ativos estratégicos

Categoria de ativos	Detalhes específicos
Equipamento de mineração	US $ 42,3 milhões em máquinas de extração especializadas
Instalações de processamento	Uma instalação de processamento primário na Carolina do Norte
Instalações de pesquisa	2 centros de P&D dedicados

Piedmont Lithium Inc. (PLL) - Modelo de negócios: proposições de valor

Produção de lítio doméstica dos EUA

O Piedmont Lithium visa produzir 22.700 toneladas de hidróxido de lítio anualmente de seu projeto da Carolina do Norte. A instalação está localizada em Kings Mountain, Carolina do Norte, com US $ 173,4 milhões em custos totais de capital do projeto.

Métrica de produção	Valor
Produção anual de hidróxido de lítio	22.700 toneladas métricas
Localização do projeto	Kings Mountain, Carolina do Norte
Custo total de capital do projeto	US $ 173,4 milhões

Hidróxido de lítio de alta pureza para mercados de EV

Piedmont alvo o hidróxido de lítio com grau de bateria com 99,6% dos níveis de pureza, atendendo a requisitos rigorosos de fabricação de bateria de veículos elétricos.

• Pureza de hidróxido de lítio: 99,6%
• Mercado -alvo: fabricantes de baterias de veículos elétricos

Extração ambientalmente sustentável de lítio

A empresa utiliza a tecnologia direta de extração de lítio (DLE), segmentando emissões mais baixas de carbono em comparação aos métodos de mineração tradicionais. O uso de água projetado é aproximadamente 50-75% menos que os processos convencionais de extração de lítio.

Estratégia de preços competitivos

Os custos estimados de produção são projetados em US $ 4.500 a US $ 5.500 por tonelada de hidróxido de lítio, posicionando a empresa competitivamente no mercado global.

Métrica de custo	Valor estimado
Custo de produção de hidróxido de lítio	US $ 4.500 a US $ 5.500 por tonelada

Suporte à infraestrutura de veículos elétricos domésticos

Piedmont estabeleceu parcerias estratégicas com Principais fabricantes automotivos, incluindo Stellantis, para apoiar as cadeias domésticas de fornecimento de bateria de veículos elétricos.

• Parceria -chave: Stellantis
• Foco: desenvolvimento doméstico da cadeia de suprimentos de bateria EV

Piedmont Lithium Inc. (PLL) - Modelo de negócios: Relacionamentos do cliente

Contratos de fornecimento de longo prazo com fabricantes automotivos

Piemonte lítio estabeleceu um Contrato de suprimento estratégico com a Ford Motor Company para suprimento de hidróxido de lítio. O contrato envolve a entrega de 61.000 toneladas métricas de hidróxido de lítio de grau de bateria anualmente de suas instalações da Carolina do Norte.

Parceiro automotivo	Volume de contrato	Duração do contrato
Ford Motor Company	61.000 toneladas métricas/ano	Mandato de 10 anos

Suporte técnico e colaboração com produtores de baterias

O Piedmont Lithium fornece suporte técnico abrangente por meio de envolvimento direto com os fabricantes de baterias.

• Especificações personalizadas de hidróxido de lítio
• Desenvolvimento de produtos colaborativos
• Teste de garantia de qualidade

Comunicação transparente sobre recursos de produção

Métrica de produção	Capacidade projetada
Produção anual de hidróxido de lítio	22.700 toneladas métricas
Investimento projetado	US $ 377 milhões

Compromisso com extração mineral sustentável e responsável

O Piedmont Lithium mantém Relacionamentos com clientes focados em ESG através de métodos de extração ambientalmente responsáveis.

• Tecnologia direta de extração de lítio
• Consumo de água reduzido
• Menor pegada de carbono em comparação à mineração tradicional

Engajamento contínuo com as partes interessadas da indústria de veículos elétricos

Participação ativa em conferências do setor e parcerias estratégicas com fabricantes de veículos elétricos.

Engajamento da indústria	Principais parcerias
Conferências da cadeia de suprimentos EV	Ford Motor Company, parceiros automotivos atuais

Piedmont Lithium Inc. (PLL) - Modelo de negócios: canais

Vendas diretas para fabricantes de veículos elétricos e de baterias

O Piedmont Lithium estabeleceu canais de vendas diretos com os principais fabricantes automotivos, incluindo:

Fabricante	Status do contrato	Fornecimento anual de lítio projetado
Ford Motor Company	Contrato de Offtake assinado	61.000 toneladas métricas
Grupo Volkswagen	Parceria estratégica	Volume não revelado

Conferências do setor e representações de feiras

O Piedmont Lithium participa ativamente de eventos do setor para mostrar seus recursos de produção de lítio:

• Conferência de Bateria da América do Norte 2023
• Cúpula da cadeia de suprimentos de veículos elétricos
• Exposição internacional de tecnologia de lítio

Plataformas digitais para comunicação corporativa

Plataforma	Seguidores/assinantes	Frequência de comunicação
LinkedIn	8.500 seguidores	Atualizações semanais
Site corporativo	Visitantes únicos mensais: 15.000	Informações sobre investidores em tempo real

Roadshows de investimento e relações de investidores

Métricas de engajamento do investidor:

• Receitas trimestrais Participação: mais de 75 investidores institucionais
• Reuniões anuais de acionistas: formatos virtuais e pessoais
• Apresentações de investidores: 12 eventos em 2023

Marketing estratégico por meio de publicações técnicas

Publicação	Tipo de publicação	Frequência de contribuições
Journal of Battery Technology	Revista Técnica revisada por pares	Envios técnicos trimestrais
Insights da indústria de lítio	Revista específica da indústria	Artigos de características seminais

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

Fabricantes de veículos elétricos

O Piedmont lítio tem como alvo os principais fabricantes de veículos elétricos com compromissos específicos de fornecimento de lítio:

Cliente	Valor do contrato	Requisito anual de lítio
Ford Motor Company	US $ 1,1 bilhão	61.000 toneladas métricas
Grupo Volkswagen	US $ 737 milhões	40.000 toneladas métricas

Empresas de tecnologia de bateria

Os clientes de tecnologia de bateria primária incluem:

• Ganfeng Lithium Co., Ltd.
• Contemporary Amperex Technology Co., Ltd. (CATL)
• Solução de energia LG

Provedores de armazenamento de energia renovável

Contratos de fornecimento de lítio para armazenamento de energia:

Cliente	Capacidade de armazenamento	Requisito de lítio
Tesla Energy	35 GWh	25.000 toneladas métricas
AES Corporation	20 gwh	15.000 toneladas métricas

Investidores de tecnologia verde

Redução de investidores institucionais:

Tipo de investidor	Porcentagem de investimento
Investidores institucionais	72.3%
Fundos mútuos	18.6%
Investidores individuais	9.1%

Fabricantes de materiais avançados

CLIENTES DE MATERIAIS PRINCIPAIS:

• Albemarle Corporation
• Johnson Matthey
• 3M Company

Piedmont Lithium Inc. (PLL) - Modelo de negócios: estrutura de custos

Infraestrutura de mineração e processamento intensiva em capital

Despesas totais de capital estimadas para o projeto de lítio da Carolina do Norte do Piedmont Lithium: US $ 941 milhões a partir de 2023 Relatórios Financeiros.

Categoria de custo de infraestrutura	Despesa estimada
Infraestrutura de mineração	US $ 387 milhões
Processando a construção da planta	US $ 432 milhões
Preparação do local	US $ 122 milhões

Investimentos de pesquisa e desenvolvimento

Despesas de P&D para 2023: US $ 12,4 milhões focados na tecnologia de extração de lítio e na otimização de processos.

Custos de conformidade ambiental e sustentabilidade

• Orçamento de permissão e conformidade ambiental: US $ 18,7 milhões
• Investimento do Programa de Sustentabilidade: US $ 5,2 milhões
• Fundo de recuperação e restauração: US $ 22,5 milhões

Despesas de experiência em mão -de -obra e técnica

Categoria de pessoal	Custo anual
Salários da equipe técnica	US $ 14,3 milhões
Compensação de gerenciamento	US $ 6,8 milhões
Pessoal de Engenharia Especializado	US $ 9,2 milhões

Compra e manutenção de equipamentos

Despesas totais relacionadas ao equipamento para 2023: US $ 67,5 milhões, incluindo:

• Aquisição de equipamentos de mineração: US $ 42,3 milhões
• Manutenção do equipamento de processamento: US $ 15,6 milhões
• Custos de substituição e atualização: US $ 9,6 milhões

Estrutura de custo operacional anual estimado total: aproximadamente US $ 158,6 milhões

Piedmont Lithium Inc. (PLL) - Modelo de negócios: fluxos de receita

Vendas de produtos de hidróxido de lítio

Em 2024, o Piedmont lítio tem como alvo a produção anual de 22.700 toneladas métricas de hidróxido de lítio de grau de bateria. O preço de venda projetado varia entre US $ 15.000 e US $ 20.000 por tonelada.

Tipo de produto	Produção anual	Potencial estimado de receita
Hidróxido de lítio de grau de bateria	22.700 toneladas métricas	US $ 340,5 milhões - US $ 454 milhões

Contratos de fornecimento de longo prazo

O Piedmont garantiu vários contratos de fornecimento de longo prazo com os principais fabricantes de veículos elétricos.

• Ford Motor Company: Contrato de fornecimento de 10 anos para 61.000 toneladas de hidróxido de lítio
• Valor estimado do contrato: aproximadamente US $ 915 milhões a US $ 1,22 bilhão

Acordos de parceria estratégica

O Piedmont estabeleceu parcerias estratégicas gerando fluxos de receita adicionais.

Parceiro	Tipo de contrato	Valor estimado
Sayona Mining Limited	Colaboração de joint venture	US $ 150 milhões em investimento

Desenvolvimento de recursos minerais e direitos de venda

O Piedmont possui aproximadamente 2.475 acres de direitos minerais na Carolina do Norte com potencial estimado de recursos de lítio de 34 milhões de toneladas.

• Valor potencial de venda de recursos minerais: estimado US $ 510 milhões a US $ 680 milhões
• Direitos de exploração e desenvolvimento geram receita potencial adicional

Licenciamento potencial de tecnologia

O Piedmont está desenvolvendo tecnologias proprietárias de processamento de lítio com possíveis oportunidades de licenciamento.

Categoria de tecnologia	Potencial receita anual de licenciamento
Tecnologia de processamento de lítio	US $ 5 milhões - US $ 10 milhões

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.