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

1. Piedmont Lithium and Sayona Mining plan a merger to form Elevra Lit. 2. The merger emphasizes their role in the U.S. electric vehicle supply chain.

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FAQ

Why Bullish?

Mergers in the lithium sector often lead to increased market confidence and potential pricing power. Historical examples, such as Livent's acquisition by Livent Corp, show price appreciation post-merger announcements in this sector.

How important is it?

The merger aligns with increasing demand for lithium in EVs, strengthening PLL’s position. The strategic combined operations may lead to enhanced operational efficiencies and market competitiveness.

Why Long Term?

The merger aims to strengthen their market position over time, enhancing future revenue and growth prospects. Historical trends suggest that successful mergers typically take time to realize full benefits.

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SYHMFLTHMALB
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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