Elevra Lithium Emerges from Piedmont-Sayona Merger, Targets Mid-2025 Completion

About Piedmont Lithium Inc

Piedmont Lithium (ASX: PLL) is a North American lithium developer focused on producing lithium hydroxide for the U.S. electric vehicle (EV) supply chain. With a portfolio that includes the flagship Carolina Lithium project, joint ventures in Quebec with Sayona Mining, and strategic interests in Ghana with Atlantic Lithium, Piedmont is positioning itself as a top-tier, multi-asset lithium player supporting energy independence and the electrification of transport and storage systems in North America.

A New Name and Leadership for a New Lithium Powerhouse

Piedmont Lithium and Sayona Mining Limited have announced further progress in their planned merger, first unveiled in November 2024, with the combined entity to be called Elevra Lithium. The merged business aims to become one of the world’s foremost lithium producers, driving innovation and supply in a fast-growing, clean energy-driven economy.

Following careful consideration by both companies’ boards, the new board of directors for Elevra Lithium has been selected. It will feature equal representation from Piedmont and Sayona, each contributing four members. The leadership will include:

Notably, Michael Bless and Claude Demby from Piedmont and Paul Crawford and Philip Lucas from Sayona will retire upon transaction completion and will not join the new board. In a further transition, Keith Phillips, Piedmont’s current CEO, will step down as CEO and Director, taking on a temporary Strategic Advisor role to assist with integration after the merger.

Building Elevra: A Strategic and Symbolic Step Forward

The creation of Elevra Lithium signals a strategic consolidation of two highly complementary lithium businesses, with a vision to scale up supply, streamline operations, and support North America’s lithium needs in the electric vehicle and energy storage sectors.

Chair-designate Dawne Hickton expressed optimism about the new venture, praising the combined leadership’s depth of experience in mining, operations, and governance. She highlighted the importance of collaboration and the collective mission to execute Elevra Lithium’s long-term strategy.

Outgoing Piedmont CEO Keith Phillips echoed this sentiment, noting the value of the “strong and talented” board being assembled. He pointed to the merger’s potential to deliver operational synergies and position Elevra as a global lithium leader.

Merger Timeline and Next Steps

The merger is expected to close in mid-2025, subject to several standard conditions including shareholder approvals from both companies, regulatory sign-off, and completion of required documentation. A detailed disclosure document outlining the transaction will be shared with Piedmont shareholders and filed with the U.S. Securities and Exchange Commission (SEC) in the first half of 2025.

With planning and integration already underway, the combined business is aiming for a seamless transition under the new Elevra Lithium brand, with additional details on its name, branding, and corporate identity to be revealed closer to the deal’s completion.

Positioned for a Lithium-Driven Future

Once finalised, the Elevra Lithium merger will consolidate strategic assets across the U.S., Canada, and Ghana, aligning both companies’ ambitions to meet surging demand for lithium — a cornerstone of the global energy transition. With a clear vision, experienced leadership, and diversified resources, Elevra is poised to become a major player in the next generation of clean energy materials.