Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine the two companies and create a leading North American lithium business. Sayona will be the ultimate parent entity. “This merger combines two complementary businesses and will create a larger and stronger company. MergeCo will be North America’s largest lithium producer and will have an attractive growth profile with…
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North American Lithium makes initial spodumene shipment
North American Lithium, a joint venture between Piedmont Lithium (25%) and Sayona Mining (75%), has shipped 20,500 metric tons of spodumene concentrate to international parties – its first commercial shipment. Piedmont owns a 12% equity interest in Sayona Mining and holds an offtake agreement with the joint venture to purchase the greater of 113,000 metric tons per year or 50%…
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