Upon completion of the Piedmont Lithium and Sayona Mining merger announced last November, the combined North American lithium business will be named Elevra Lithium. The board of directors of Elevra Lithium will consist of four Piedmont nominees from Piedmont’s current board (including the chair designate of Elevra) and four Sayona nominees from its current board (including the current managing director…
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Piedmont Lithium, Sayona Mining to merge
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…
Read MoreNorth 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%…
Read MoreStudy to evaluate North American Lithium plant restart
Sayona Quebec, a joint venture between Sayona Mining (75%) and Piedmont Lithium (25%), has launched a prefeasibility study for lithium carbonate production at its North American Lithium project near Val-d’Or, Quebec, Canada. The study will evaluate potential completion and restart of the lithium carbonate plant at the operation. Sayona Quebec expects results of the prefeasibility study in the first half…
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