Piedmont Lithium and Sayona Mining to Merge
Piedmont Lithium Inc. (PLL)
Company Research
Source: Business Wire
Creates a leading North American lithium producer and developerPiedmont and Sayona to combine in all-stock merger with ownership split of approximately 50% / 50% on a fully diluted basis immediately post-merger and prior to the conditional equity raisingCreating a leading North American hard rock lithium producer with geographically advantaged spodumene resources of global scaleSimplified corporate structure aligns North American Lithium (“NAL”) offtake economics, and removes contractual complexitiesUnified ownership of NAL unlocks the potential for a significant brownfield expansionCombined scale provides strategic flexibility to combine and optimize downstream strategiesMaterial corporate, logistics, marketing, and procurement synergiesSignificantly strengthened balance sheet with two stage equity financing, with post-merger raise led by cornerstone subscription from Resource Capital Fund VIII L.P. (“RCF VIII”), associated with Resource Capital Funds (“RCF”), a critical minerals and
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PLL
News
- Lithium Corporation Congratulates Board Member James Brown on Role in Major Merger in the Lithium Mining Industry [Yahoo! Finance]Yahoo! Finance
- Why Piedmont Lithium Stock Popped Today [Yahoo! Finance]Yahoo! Finance
- Piedmont Lithium Inc. (NASDAQ: PLL) was upgraded by analysts at Macquarie from an "underperform" rating to a "neutral" rating. They now have a $13.50 price target on the stock.MarketBeat
- Piedmont Lithium Inc. (NASDAQ: PLL) was downgraded by analysts at Roth Capital from a "strong-buy" rating to a "hold" rating.MarketBeat
- Piedmont Lithium Inc. (NASDAQ: PLL) was downgraded by analysts at Roth Mkm from a "buy" rating to a "neutral" rating. They now have a $13.00 price target on the stock, down previously from $32.00.MarketBeat
PLL
Earnings
- 11/12/24 - Beat
PLL
Sec Filings
- 11/20/24 - Form 425
- 11/20/24 - Form 8-K
- 11/19/24 - Form 8-K/A
- PLL's page on the SEC website