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PLS Group: The Lithium Cycle Is Turning Toward The Scaled Survivor

PLS Group has evolved from a single-asset miner to a diversified lithium materials platform with multiple value-added growth options. Record March 2026 quarter results show production up 12%, realized prices up 61%, and cash margin up 178%, reflecting robust operational leverage. PLS trades at a premium (forward EV/EBITDA 16.28x) justified by scale, balance sheet strength, and strategic positioning in the lithium…

Seeking Alpha • Jun 27, 2026

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