Piedmont Lithium (ASX:PLL) and Sayona Mining (ASX:SYA) are merging to create Elevra Lithium, a company focused on becoming North America’s largest lithium producer. The merger, initially proposed in November 2024, aims to combine spodumene resources on a global scale. Subject to Sayona shareholder approval, the transaction is expected to be completed by mid-2025, at which point the new name, brand, and logo will be unveiled.
Piedmont CEO Keith Phillips expressed satisfaction with the integration planning and the composition of Elevra’s board, which will include four nominees from each company. The Piedmont nominees are Dawne Hickton, Christina Alvord, Jeff Armstrong, and Jorge M. Beristain, while Sayona’s nominees are Lucas Dow, James Brown, Allan Buckler, and Laurie Lefcourt. Dawne Hickton will serve as Elevra’s Chairman. Hickton emphasized that the board’s combined skills and experience will be a significant factor in the merged company’s future success.
Piedmont Lithium focuses on developing an integrated, multi-asset lithium business in North America to support the clean energy economy and a net-zero world. Sayona Mining is an emerging supplier of lithium for North America’s electrification and has established a northern lithium hub in Québec, Canada.
