Piedmont and Sayona Unite to Form Elevra Lithium, Powering EV Supply Chains
Piedmont Lithium has completed its merger with Sayona Mining, creating Elevra Lithium, a major new player in hard-rock lithium supply for electric vehicles and energy storage.
- Merger completed between Piedmont Lithium and Sayona Mining
- New entity named Elevra Lithium with expanded global footprint
- Piedmont shares delisted from Nasdaq and ASX, converted to Sayona shares
- Elevra positioned to supply growing demand in EV and energy storage markets
- Combination creates one of the largest hard-rock lithium platforms
A Transformative Merger in Lithium Mining
On August 29, 2025, Piedmont Lithium Inc. and Sayona Mining Limited officially completed their merger, forming a new company named Elevra Lithium. This union brings together two significant players in the lithium mining sector, creating one of the largest hard-rock lithium platforms globally. The merger was approved by shareholders of both companies and met all closing conditions, marking a pivotal moment for the North American and global lithium supply chains.
Strategic Positioning for the Energy Transition
Elevra Lithium emerges at a time when demand for lithium, critical for electric vehicle batteries and stationary energy storage, is surging worldwide. By combining Piedmont’s North American assets, including the Carolina Lithium project, with Sayona’s development-stage projects primarily in Quebec, the new entity is well positioned to support the accelerating shift toward clean energy and electrification. CEO Keith Phillips highlighted the merger as a milestone that enhances scale and global reach, aiming to build long-term value for shareholders and stakeholders alike.
Shareholder Impact and Market Implications
As part of the merger, Piedmont Lithium’s common stock and Chess Depositary Interests (CDIs) have been delisted from the Nasdaq and Australian Securities Exchange respectively. Shareholders of Piedmont received Sayona shares in exchange, with a detailed conversion ratio ensuring equitable value transfer. This restructuring consolidates trading under Sayona’s listings, simplifying the market presence of the combined company. Investors will be watching closely to see how Elevra Lithium leverages its expanded asset base and whether it can accelerate production to meet the booming lithium demand.
Looking Ahead
While the merger sets a strong foundation, Elevra Lithium faces the challenge of integrating operations across continents and advancing multiple projects simultaneously. The company’s success will hinge on its ability to efficiently scale production and navigate the evolving regulatory and market landscapes. With global energy transition goals intensifying, Elevra Lithium’s emergence could be a defining factor in securing critical lithium supplies for the future.
Bottom Line?
Elevra Lithium’s formation marks a new chapter in lithium supply, now the market awaits its next moves.
Questions in the middle?
- How will Elevra Lithium integrate its diverse assets and operations effectively?
- What are the company’s plans for ramping up lithium production in the near term?
- How will the delisting and share conversion impact investor sentiment and liquidity?
