Piedmont Lithium and Sayona Mining Merge to Create Elevra Lithium

August 29, 2025

Piedmont Lithium Inc. and Sayona Mining Limited signed a definitive all-stock merger agreement to combine and create a leading North American lithium producer. The combined company, MergeCo (to be named Elevra Lithium), is expected to be formed with an approximate 50%/50% ownership split between Piedmont and Sayona shareholders on a fully diluted basis, subject to shareholder and regulatory approvals.

Buyers
Sayona Mining Limited, MergeCo / Elevra Lithium (combined company)
Targets
Piedmont Lithium Inc.
Industry
Energy
Location
North Carolina, United States
Transaction Type
Buyout

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