Piedmont Lithium/ Sayona Mining combination to be named ‘Elevra Lithium’

Piedmont Lithium (PLL) and Sayona Mining provide an update in relation to the proposed merger between Piedmont and Sayona announced on November 19, 2024 that will combine the two companies to create a leading lithium business. Upon completion of the transaction and subject to Sayona shareholder approval, the name of the combined business will be changed to Elevra Lithium. Further details on the name, brand and logo will be provided closer to the Transaction completion. Each of Piedmont and Sayona’s Board of Directors have now selected their respective nominees to the Board of Directors of Elevra Lithium to be effective as of the closing of the Transaction. The Board of Directors of Elevra Lithium will consist of four Piedmont nominees from Piedmont’s current Board of Directors (including the Chair designate of Elevra Lithium) and four Sayona nominees from Sayona’s current Board of Directors (including the current Managing Director and CEO of Sayona) as of the closing.