Piedmont Lithium Inc 2024年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember31, 2024OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______ to ________Commission File Number001-38427___________________________________________________________ Piedmont Lithium Inc.(Exact name of Registrant as specified in its Charter)_________________________________________________________________________________________ Registrant’s telephone number, including area code:(704)461-8000 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theAct. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Securities Exchange Act. ☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Exchange Act. ☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by theregistered public accounting firm that prepared or issued its audit report. ☐If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements. ☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act). As of June 30, 2024, the aggregate market value of voting and non-voting common stock held by non-affiliates of the registrant (basedon the closing price of the registrant's common shares on the Nasdaq Stock Market for June 30, 2024) was approximately$190,429,937. For the purposes of the foregoing calculation only, all directors and executive officers of the registrant have beendeemed affiliates. As of February18, 2025, there were21,943,521shares of the registrant’s common stock outstanding. Table of Contents Item 1.Business6Item 1A.Risk Factors18Item 1B.Unresolved Staff Comments32Item 1C.Cybersecurity32Item 2.Properties34Item 3.Legal Proceedings52Item 4.Mine Safety Disclosures52 Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities53Item 6.Reserved53Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations54Item 7A.Quantitative and Qualitative Disclosures About Market Risk65Item 8.Financial Statements and Supplementary Data66Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure66Item 9A.Controls and Procedures66Item 9B.Other Information67Item 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections67 Item 10.Directors, Executive Officers and Corporate Governance68Item 11.Executive Compensation75Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters87Item 13.Certain Relationships and Related Transactions, and Director Independence89Item 14.Principal Accounting Fees and Services90 Item 15.Exhibits, Financial Statement Schedules92Item 16.Annual Report on Form 10-K Summary93 GLOSSARY OF TERMS AND DEFINITIONS When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below: Item 1.BUSINESS Overview Pie