The latest announcement is out from Sayona Mining ( (AU:SYA) ).
Piedmont Lithium Inc. and Sayona Mining Limited have announced significant progress in their proposed merger, which aims to create a leading lithium business named Elevra Lithium Limited. The merger has received key regulatory approvals in the United States and Canada, and is expected to close in mid-2025, subject to shareholder approval. The transaction involves a reverse stock split for Sayona shares and the issuance of American Depository Shares, positioning the combined entity to better serve the growing demand for lithium resources.
More about Sayona Mining
Piedmont Lithium Inc. is a leading North American supplier of lithium products, which are critical to the U.S. electric vehicle supply chain. The company is focused on expanding its market presence through strategic mergers and acquisitions.
YTD Price Performance: -50.0%
Average Trading Volume: 381,259
Technical Sentiment Signal: Strong Buy
Current Market Cap: $125.5M
For a thorough assessment of SYA stock, go to TipRanks’ Stock Analysis page.