Reported 2 days ago
Australian company Sayona Mining has agreed to acquire U.S.-based Piedmont Lithium in an all-stock deal valued at approximately $623 million. This merger aims to consolidate Sayona's Canadian operations and enhance its involvement in the North American electric vehicle market. The agreement includes a 6% premium on Piedmont’s share prices and follows separate fundraising efforts by both companies. The merged entity will benefit from shared resources, potentially making it easier to secure government or customer support amid challenges in the lithium sector.
Source: YAHOO