Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) and Piedmont Lithium Inc. (NASDAQ:PLL; ASX:PLL) are joining forces through a definitive agreement to form a premier North American lithium producer, with Sayona emerging as the ultimate parent company. The transformational merger will result in an approximately equal ownership split between Sayona and Piedmont shareholders, positioning the new entity for global growth in the clean energy sector. With a primary listing on the ASX and a secondary Nasdaq presence, the combined company will benefit from enhanced scale, strategic synergies, and a robust platform to meet surging demand for lithium. The transaction, subject to shareholder and regulatory approvals, is slated for completion in the first half of 2025. Legal counsel for Sayona was provided by Baker Botts L.L.P.

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