Piedmont Lithium and Sayona Mining Merge to Form North America's Largest Lithium Producer [Yahoo! Finance]
Piedmont Lithium Inc. (PLL)
Company Research
Source: Yahoo! Finance
To help meet this growing demand, Piedmont Lithium ( NASDAQ:PLL ) and Sayona Mining ( SYAXF ) have recently signed a merger deal to create a collaboration entity and become the largest lithium producer in North America. Warning! GuruFocus has detected 2 Warning Sign with PLL. This results to 50: 50 ownerships split between the shareholders of the two merged entities. The merger will create synergies and simplify corporate structure. As part of the merger both entities plan to raise a total of approximately US$99 million in equity with Piedmont Lithium to raise around US$27 million while Sayona Mining will raise A$40 million (approximately US$27 million). And after the merger, there will be an additional conditional placement of A$69 million to Resource Capital Fund VIII L.P. (RCF VIII). After the merger is completed, the new entity will maintain the listings on both the ASX and NASDAQ, rather than Piedmont and Sayona being listed separately. You can make more informed inves
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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