Piedmont Lithium Inc., a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, announced the successful completion of the merger with Sayona Mining Limited following approval by shareholders of both companies and the satisfaction of all closing conditions.
The combined company, named Elevra Lithium, brings together complementary assets and creates one of the largest hard-rock lithium platforms.
“The combination with Sayona significantly strengthens our global footprint, enhances scale, and positions us to be a leading supplier of lithium resources to the growing EV and stationary storage supply chains. We are excited to move forward as a combined company with Sayona and to build long-term value for all stakeholders,” said Keith Phillips, President and Chief Executive Officer of Piedmont Lithium.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
