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Piedmont Lithium ( (AU:PLL) ) has shared an update.
Piedmont Lithium has successfully completed its merger with Sayona Mining, resulting in the formation of Elevra Lithium, one of the largest hard-rock lithium platforms. This merger enhances the company’s global footprint and positions it as a key supplier to the electric vehicle and stationary storage supply chains. The merger is seen as a transformative milestone that strengthens the company’s scale and ability to meet the growing demand for lithium resources, thereby creating long-term value for stakeholders.
The most recent analyst rating on (AU:PLL) stock is a Buy with a A$0.10 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
Piedmont Lithium Inc. is a North American company focused on developing a multi-asset, integrated lithium business to support the transition to a clean energy economy. The company aims to become a leading producer of lithium hydroxide in North America, with projects in the United States, Quebec, and Ghana. Piedmont’s operations are strategically positioned to contribute to energy independence and the electrification of transportation and energy storage.
YTD Price Performance: -3.45%
Average Trading Volume: 2,264,717
Technical Sentiment Signal: Sell
Current Market Cap: A$243.3M
Learn more about PLL stock on TipRanks’ Stock Analysis page.