CreateListFromCustomTemplate.ps1

#region Configuration

$Url = "https://TENANTID.sharepoint.com" # URL of the site
$ListTemplateInternalName = "CorpMenu.stp" # Change this with your own list template
$ListName = "Menu" # Change this with the name of the list to be created

#endregion

#region Create list from template

Connect-PnPOnline -Url $Url

$Context = Get-PnPContext
$Web = $Context.Site.RootWeb
$ListTemplates = $Context.Site.GetCustomListTemplates($Web)
$Context.Load($Web)
$Context.Load($ListTemplates)
Execute-PnPQuery

$ListTemplate = $ListTemplates | where { $_.InternalName -eq $ListTemplateInternalName }

if ($ListTemplate -eq $null)
{
    Throw [System.Exception] "Template not found"
}

$ListCreation = New-Object Microsoft.SharePoint.Client.ListCreationInformation
$ListCreation.Title = $ListName
$ListCreation.ListTemplate = $ListTemplate

$Web.Lists.Add($ListCreation)
Execute-PnPQuery

Disconnect-PnPOnline

#endregion