Piedmont Lithium Moves Toward $623M Merger with Sayona Mining

Piedmont Lithium and Sayona Mining received preliminary approval on a $623 million merger from shareholders on Friday, The Charlotte Observer reports.

Several lithium companies are consolidating and delaying projects following the drop in lithium prices as electric vehicle sales slow, The Charlotte Observer reports.

Friday’s vote approved a merger between Piedmont Lithium and Sayona Mining, compensation to Piedmont Lithium’s executive officers, and a possible later special meeting.

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