Post by
ecolo101 on Feb 01, 2024 3:42pm
Great timing to get in and build a long term position
Excellent comment from the ceo. Cash is king in this current lithium market. We will have better days for sure.
We finished 2023 in a strong position with approximately US$72 million in cash and US$47.4 million in marketable securities as of market close on January 17. We have always viewed our Atlantic shares as a potential source of capital and are pleased to further bolster our cash balance through this agreement," said Keith Phillips, President and CEO of Piedmont Lithium. "We remain confident about the potential of Ewoyaa as a logistically advantaged, low-cost producer of spodumene concentrate, but are taking a disciplined approach to deploying capital in the current lithium price environment and positioning ourselves for the recovery we anticipate in the lithium market."