Sayona and Piedmont Lithium Reveal New Board, Name for Merged Entity

Sayona Mining has announced updates on its proposed merger with Piedmont Lithium, a transaction that will result in the formation of a new entity named Elevra Lithium Limited, pending shareholder approval. The combined company aims to become a major player in the North American lithium industry.

Upon completion of the merger, the Elevra Lithium Board will comprise eight members, split evenly between the two merging companies. Sayona will nominate Lucas Dow, who will serve as Managing Director and CEO, along with James Brown, Allan Buckler, and Laurie Lefcourt. Piedmont’s nominees include Dawne Hickton, designated as Chair, along with Christina Alvord, Jeff Armstrong, and Jorge M. Beristain.

The finalization of the transaction remains subject to shareholder approval at an Extraordinary General Meeting scheduled for the first half of 2025, as well as the review of regulatory filings by the U.S. Securities and Exchange Commission.

Once established, Elevra Lithium will consolidate the assets and operations of both companies under a single structure. The new entity plans to streamline production and logistics while focusing on cost efficiency and sustainable lithium development. Leadership emphasized the strategic fit and growth opportunities the merger is expected to unlock.

Further details about the company’s branding and logo will be released closer to the transaction’s completion.