PLL and Sayona Mining Set to Merge to Form Leading Lithium Producer [Yahoo! Finance]
Piedmont Lithium Inc. (PLL)
Company Research
Source: Yahoo! Finance
The deal combines Piedmont Lithium and Sayona Mining's complementary businesses and is expected to position the new entity as a leader in North American lithium production. MergeCo will have three high-quality development projects and the potential for brownfield expansion at North American Lithium (“NAL”). The PLL-Sayona merger has been unanimously approved by the board of directors of both companies. However, the completion of the transaction is subject to shareholder approval of both companies, as well as regulatory approvals. It is expected to close in the first half of 2025. The transaction will result in an approximate 50%-50% equity holding of shareholders of Piedmont and Sayona in the combined company. MergeCo will be domiciled in Australia but will maintain a listing on Nasdaq. NAL is the largest lithium operation in North America and one of the world's few active hard rock spodumene operations supplying the market. It is jointly owned by Piedmont (25%) and Sayona Mini
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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