Sayona Mining ( (AU:SYA) ) just unveiled an update.
Sayona Mining Limited has announced significant progress in its proposed merger with Piedmont Lithium, which aims to form a leading lithium company named Elevra Lithium. The transaction, subject to shareholder approval, includes a 50/50 equity holding between Sayona and Piedmont shareholders and is expected to close by mid-2025. Regulatory approvals from Canada and the U.S. have been obtained, and an Extraordinary General Meeting is planned for the first half of 2025 to seek shareholder approval for the merger and related actions, including a share consolidation and capital raising. The merger is anticipated to enhance Sayona’s market position and attract a broader set of investors.
More about Sayona Mining
Sayona Mining Limited is a company in the lithium industry, focusing on the development and production of lithium resources. It is involved in a proposed transaction with Piedmont Lithium to create a leading lithium business.
YTD Price Performance: -40.0%
Average Trading Volume: 386,432
Technical Sentiment Signal: Strong Buy
Current Market Cap: $133.3M
For detailed information about SYA stock, go to TipRanks’ Stock Analysis page.