Piedmont Lithium Inc. (PLL) has completed its merger with Sayona Mining Limited, forming Elevra Lithium, one of the largest hard-rock lithium platforms globally. Shareholders will receive 0.35133 ADS of Elevra for each Piedmont common stock, with an implied Piedmont share price of $8.97 USD. CEO Keith Phillips sees the merger as a transformative move that expands global reach and positions Elevra as a key supplier to EV and energy markets. PLL closed at $7.25 on Friday.

The merger creates Elevra Lithium, a major player in the lithium market, with a strong project pipeline to meet growing demand for EVs and energy storage. Shareholders will receive ADS of Elevra based on a conversion rate of 0.35133 per Piedmont common stock, with an implied Piedmont share price of $8.97 USD. CEO Keith Phillips believes the merger will bring long-term value to shareholders, employees, and partners. On Friday, PLL closed at $7.25 on the NasdaqCM.

Read more at Nasdaq: Piedmont, Sayona Complete Merger To Form Elevra Lithium, A Major Hard-Rock Lithium Platform