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Sayona Mining ( (AU:SYA) ) has shared an update.
Sayona Mining Limited announced an update regarding its merger with Piedmont Lithium Inc., noting that the special meeting to approve the merger has been adjourned to allow more time for stockholder voting. Despite strong support from those who have voted, the meeting was postponed due to insufficient quorum. Additionally, Sayona has extended its subscription agreement with Resource Capital Fund VIII L.P. to December 2025, allowing for a potential capital injection of approximately AU$38 million through the issuance of new options. This extension is crucial for the completion of the merger and reflects the company’s strategic efforts to strengthen its financial position and market presence.
The most recent analyst rating on (AU:SYA) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.
More about Sayona Mining
Sayona Mining Limited is a company involved in the mining industry, focusing on lithium production. The company is listed on the Australian Securities Exchange (ASX) under the ticker SYA and is also traded on the OTCQB market under the ticker SYAXF.
Average Trading Volume: 40,367,036
Technical Sentiment Signal: Sell
Current Market Cap: A$300.1M
Learn more about SYA stock on TipRanks’ Stock Analysis page.