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Piedmont Lithium Adjourns Stockholder Meeting; Sayona Mining Extends Subscription Agreement

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Piedmont Lithium Adjourns Stockholder Meeting; Sayona Mining Extends Subscription Agreement

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The latest update is out from Piedmont Lithium ( (AU:PLL) ).

Piedmont Lithium Inc. has announced a further adjournment of its Special Meeting of Stockholders to provide additional time for stockholders to vote on the proposed merger with Sayona Mining Limited. The meeting has been rescheduled to 22 August 2025, as the initial quorum was not met despite overwhelming support for the merger. Concurrently, Sayona Mining has agreed with Resource Capital Fund VIII L.P. to extend their Subscription Agreement until 31 December 2025, allowing for a potential capital injection of approximately AU$38 million through new options issuance. This extension aims to ensure the completion of the merger and secure necessary funding, impacting Sayona’s financial strategy and market positioning.

The most recent analyst rating on (AU:PLL) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Piedmont Lithium stock, see the AU:PLL Stock Forecast page.

More about Piedmont Lithium

Average Trading Volume: 2,269,471

Technical Sentiment Signal: Sell

Current Market Cap: A$302.8M

See more insights into PLL stock on TipRanks’ Stock Analysis page.

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