Piedmont Lithium and Sayona Mining merge to form North America's largest lithium producer.

Piedmont Lithium and Sayona Mining are merging in an all-stock deal expected to create North America's largest lithium producer. The merger, subject to shareholder approval, will result in a 50/50 ownership split between the two companies and is set to close in the first half of 2025. The combined entity, MergeCo, will simplify operations and unlock potential for expansion, while also benefiting from synergies in logistics, marketing, and procurement. The deal reflects challenges in the lithium market and follows similar consolidations in the sector.

November 19, 2024
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