Sayona Mining merges with Piedmont Lithium to become Elevra Lithium; new board members appointed.

From GlobeNewswire: 2025-04-09 21:56:00

Sayona Mining Limited provides an update on the proposed transaction with Piedmont Lithium Inc. to create a leading lithium business. The company will be changed to Elevra Lithium Limited upon completion of the transaction, subject to shareholder approval. The Elevra Lithium Board will consist of 8 members, with nominees from both Sayona and Piedmont Lithium included. An Extraordinary General Meeting of Sayona shareholders is expected in the first half of CY2025 to approve the transaction. The new Board members bring diverse expertise in mining, legal, finance, and commercial strategy to steer the combined entity towards a successful future.

Ms. Dawne Hickton, an experienced executive, will chair the Elevra Board, while Mr. Lucas Dow, Sayona’s CEO, will be the Managing Director and CEO. The other nominees bring strong backgrounds in corporate leadership, finance, and project development to the Elevra Board. The merger of Sayona and Piedmont Lithium will create Elevra Lithium, poised to meet rising global demand for lithium with operational excellence and innovation. An EGM for Sayona shareholders to approve the transaction will be held in the first half of CY2025. Participants in the solicitation of proxies will include directors, executive officers, and other members of management from Sayona and Piedmont.



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