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Update on Regulatory Approvals and Reverse Stock Split for Merger With Sayona Mining

1. Piedmont Lithium and Sayona Mining's merger aims to enhance lithium supply chain. 2. The proposed merger will create a leading lithium business named Elevra Lit.

Stock Split
+24.62%Current Return
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+2.13%S&P 500
$7.1504/23 04:08 PM EDTEvent Start
$8.9104/24 10:48 PM EDTLatest Updated
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FAQ

Why Bullish?

The merger could improve market position and scale in lithium supply, attracting investors, similar to past successful industry mergers.

How important is it?

The merger is significant in the lithium sector, which impacts PLL's business strategy and potential growth.

Why Long Term?

Increased market presence and capabilities from the merger may yield sustained benefits over several years.

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SYALACALB
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (“Piedmont,” “the Company,” “we,” “our,” or “us”) (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, and Sayona Mining Limited (“Sayona”) provide an update in relation to the proposed merger between Piedmont and Sayona announced on November 19, 2024 (the “Transaction”) that will combine the two companies to create a leading lithium business to be named Elevra Lit.

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