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The latest announcement is out from Piedmont Lithium ( (AU:PLL) ).
Piedmont Lithium is urging its shareholders to vote in favor of a proposed merger with Sayona Mining ahead of a crucial meeting on July 31, 2025. The company reports strong support for the merger so far, with leading proxy advisory firms recommending approval. The merger aims to enhance Piedmont’s strategic positioning in the lithium market, which is vital for the U.S. electric vehicle supply chain, and requires a majority vote to proceed.
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
Piedmont Lithium Inc. is a North American company focused on developing a multi-asset, integrated lithium business to support the transition to a net-zero world and the clean energy economy. The company aims to become a leading producer of lithium hydroxide in North America by processing spodumene concentrate from its projects in the United States, Quebec, and Ghana. Piedmont’s operations are strategically positioned to aid in America’s energy independence and the electrification of transportation and energy storage.
YTD Price Performance: -10.34%
Average Trading Volume: 2,409,746
Technical Sentiment Signal: Sell
Current Market Cap: A$268.3M
For detailed information about PLL stock, go to TipRanks’ Stock Analysis page.