The latest update is out from Sayona Mining ( (AU:SYA) ).
Piedmont Lithium and Sayona Mining have announced amendments to their merger agreement, which includes a reverse stock split for Sayona, an updated share exchange ratio, and a proposed name change for the combined entity to Elevra Lithium Limited. These changes are subject to shareholder approvals and are aimed at consolidating Sayona’s shares and aligning the companies’ operations to create a leading lithium business. The merger is expected to enhance the companies’ industry positioning and provide strategic benefits to stakeholders by forming a stronger entity in the lithium market.
More about Sayona Mining
Piedmont Lithium Inc. is a North American company focused on developing a multi-asset, integrated lithium business. It aims to become a leading producer of lithium hydroxide in North America by processing spodumene concentrate from its projects, including the Carolina Lithium project in the U.S. and partnerships with Sayona Mining in Quebec and Atlantic Lithium in Ghana. The company is committed to supporting the transition to a clean energy economy and energy independence in America.
YTD Price Performance: -50.0%
Average Trading Volume: 381,259
Technical Sentiment Signal: Strong Buy
Current Market Cap: $125.5M
Learn more about SYA stock on TipRanks’ Stock Analysis page.