EX-99.1 2 pressreleaseex991-regulato.htm EX-99.1 Document PRESS RELEASE | April 23, 2025 | NASDAQ: PLL UPDATE ON REGULATORY APPROVALS AND REVERSE STOCK SPLIT FOR MERGER WITH SAYONA MINING ▪ Key regulatory approvals received in the United States and Canada ▪ Reverse stock split ratio determined at 1-for-150 Sayona shares pending shareholder approval ▪ American Depository Shares (“ADS”) will be issued at a ratio of 1-for-10 pending shareholder approval Belmont, North Carolina, April 23, 2025 - Piedmont Lithium Inc. (“Piedmont,” “the Company,” “we,” “our,” or “us”) (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, and Sayona Mining Limited (“Sayona”) provide an update in relation to the proposed merger between Piedmont and Sayona announced on November 19, 2024 (the “Transaction”) that will combine the two companies to create a leading lithium business to be named Elevra Lithium Limited (“Elevra”), subject to shareholder approval. Since the Transaction announcement, significant progress has been made in preparing for the shareholder votes for both Piedmont and Sayona. Approval has been obtained …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
PIEDMONT LITHIUM INC
PLLNEOEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 - Results of Operations and Financial Condition On April 23, 2025, Piedmont Lithium Inc. issued a press release announcing an update on regulatory approvals and share consolidation for the merger with Sayona Mining. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein.…
Company context
Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium project in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). We believe these geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage.
Current securities
Recent company filings
- 15-12G filingSep 9, 2025
- EFFECT filingSep 4, 2025
- Completion of Acquisition or Disposition of Assets · Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Material Modification to Rights of Security Holders · Changes in Control of Registrant · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other EventsSep 3, 2025
- 4 filingAug 29, 2025
- S-8 POS filingAug 29, 2025