Piedmont Lithium Inc. announced on August 29, 2025, the successful completion of its merger with Sayona Mining Limited, following approvals by shareholders of both companies and the satisfaction of all closing conditions. The combined company will operate under the new name, Elevra Lithium.
This merger creates one of the largest hard-rock lithium platforms, bringing together complementary assets and significantly strengthening the global footprint and scale of the new entity. Elevra Lithium is positioned as a leading supplier of critical lithium resources to meet the growing demand from the electric vehicle and stationary storage supply chains.
In connection with the merger's completion, Piedmont's common stock will be delisted from Nasdaq, and its Chess Depositary Interests (CDIs) will be delisted from the Australian Securities Exchange. Holders of Piedmont common stock will receive 0.35133 American Depositary Shares (Nasdaq: ELVR) for each share, while CDI holders will receive 5.27 Sayona ordinary shares (ASX: SYA) for each CDI held.
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