Piedmont, Sayona complete merger, form largest North American lithium producer

Piedmont Lithium Inc. and Sayona Mining Ltd. have completed their all-stock merger, creating the largest lithium producer in North America, named Elevra Lithium. The merger, finalized on August 29, 2024, follows shareholder approval and aims to enhance lithium supply chain security amid rising demand for electric vehicle batteries. The companies plan to raise approximately $99 million in equity, combining Sayona’s assets in Quebec with Piedmont’s development projects. The merger is expected to unlock operational synergies and strengthen their market position in the lithium sector.