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Sayona Mining ( (AU:SYA) ) has issued an update.
Sayona Mining Limited has completed its merger with Piedmont Lithium Inc., resulting in a joint entity with a balanced equity holding between Sayona shareholders and Piedmont stockholders. This merger positions the company as a stronger global player in the lithium market, enhancing its scale, resources, and partnerships. The merger is expected to unlock synergies and strengthen Sayona’s market position, delivering long-term value for shareholders and stakeholders. The company will undergo a name change to Elevra Lithium, with new board appointments and a share consolidation plan in place to streamline operations.
The most recent analyst rating on (AU:SYA) stock is a Buy 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 operating in the lithium industry, focusing on the development and production of lithium resources. It is involved in the energy transition sector, aiming to create a significant impact in the global lithium market.
YTD Price Performance: -3.70%
Average Trading Volume: 41,811,934
Technical Sentiment Signal: Sell
Current Market Cap: A$300.1M
See more data about SYA stock on TipRanks’ Stock Analysis page.