# Piedmont Lithium and Sayona Mining to merge in all-stock deal

Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine in an all-stock merger with approximately 50/50 ownership. The transaction includes equity raisings totaling about $99 million.

- Type: Acquisition
- Announced: 2024-11-19
- Value: $623.0M
- Status: announced
- Products: lithium, spodumene
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Sayona Mining](https://endata.com/companies/44482.md)
- [Piedmont Lithium](https://endata.com/companies/81141.md)
- [Sayona Mining](https://endata.com/companies/44482.md) (acquirer)
- [Piedmont Lithium](https://endata.com/companies/81141.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20241118946071/en/Piedmont-Lithium-and-Sayona-Mining-to-Merge), 2024-11-19: "Piedmont Lithium Inc. and Sayona Mining Limited announce the signing of a definitive agreement to combine the two companies to create a leading lithium business."
- [me.smenet.org](https://me.smenet.org/sayona-mining-piedmont-agree-to-create-623-million-lithium-miner/), 2024-11-19: "We are excited about the opportunities this merger presents to accelerate our growth plans and enhance our strategic flexibility."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.