Piedmont Lithium ( (AU:PLL) ) has issued an announcement.
Sayona Mining Limited and Piedmont Lithium Inc. are set to merge, creating a leading lithium business named Elevra Lithium Limited. The merger, subject to shareholder approval, will result in an equal equity holding for both Sayona and Piedmont shareholders. Regulatory approvals have been secured, and the transaction is expected to close by mid-2025. The merger aims to position Elevra Lithium as a significant player in the lithium industry, contributing to the global energy transition.
More about Piedmont Lithium
YTD Price Performance: -15.00%
Average Trading Volume: 23,639
Technical Sentiment Signal: Buy
Current Market Cap: $148.6M
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