Sayona Mining to merge with Piedmont Lithium in a $623m deal.

Sayona Mining, a lithium producer, agreed to merge with Piedmont Lithium, a supplier of lithium products, in a $623m deal. “This merger marks a transformative step for Sayona and Piedmont, creating a leading North American lithium producer with the scale and capabilities to meet the growing demand for lithium products. We believe our combined resources and expertise will enable us to deliver significant value to our shareholders and stakeholders. We are excited about the opportunities this merger presents to accelerate our growth plans and enhance our strategic flexibility,” Lucas Dow, Sayona CEO and Managing Director.