Sayona Mining and Piedmont Lithium to acquire North American Lithium.

Mining companies Sayona Mining and Piedmont Lithium, agreed to acquire a 60% stake in North American Lithium, a minerals miner. Financial terms were not disclosed. The offer would allow for the development of a lithium hub in the region and if approved and the other conditions at the closing of the transaction are completed, including the conclusion of definitive agreements, approval of Sayona shareholders and obtaining of regulatory approvals, Sayona Québec aims to resume production as soon as possible.