Piedmont Lithium plans to sell its remaining shares in Sayona Mining for A$59.9m, aligning with its cost-cutting plan due to weak lithium prices.
US-based lithium miner Piedmont Lithium plans to sell its remaining shares in Australian miner Sayona Mining for A$59.9m ($39.28m). The sale will not affect Piedmont's joint venture or offtake agreement with Sayona Quebec, where both companies jointly own the North American Lithium operation. The decision to sell the shares aligns with Piedmont's cost-cutting plan due to weak lithium prices.
February 21, 2024
6 Articles