Piedmont Lithium ( (AU:PLL) ) has issued an announcement.
Piedmont Lithium and Sayona Mining have announced amendments to their merger agreement, which aims to create a leading lithium business. Key changes include a reverse stock split for Sayona, an updated exchange ratio for shares, and a proposed name change for the combined company to Elevra Lithium Limited. These amendments are part of strategic efforts to consolidate operations and enhance market positioning, potentially impacting shareholders and the broader lithium industry.
More about Piedmont Lithium
Piedmont Lithium Inc. is a leading North American supplier of lithium products, focusing on the electric vehicle supply chain. The company aims to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate from its projects, including the Carolina Lithium project in the U.S. and partnerships in Quebec and Ghana. Piedmont is committed to supporting the transition to a net zero world and the electrification of transportation and energy storage.
YTD Price Performance: -31.25%
Average Trading Volume: 23,975
Technical Sentiment Signal: Buy
Current Market Cap: $156.7M
See more data about PLL stock on TipRanks’ Stock Analysis page.