BELMONT: Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) and Sayona Mining Limited revealed plans Tuesday to rename their merged entity Elevra Lithium and announced nominees for the combined company’s board of directors.
The merger, first proposed in November 2024, aims to create a leading global lithium business focused on supplying materials critical for electric vehicle batteries and clean energy storage. The transaction is expected to close by mid-2025, pending shareholder and regulatory approvals.
The newly formed Elevra Lithium will be led by an eight-member board, with four directors nominated from each company. Dawne Hickton, current Piedmont board member, will serve as chair, while Sayona’s Managing Director and CEO Lucas Dow will join as a director. Other nominees include executives with expertise in mining, corporate governance, and finance.
Retiring directors from both companies include Michael Bless and Claude Demby of Piedmont, and Paul Crawford and Philip Lucas of Sayona. Keith Phillips, Piedmont’s outgoing CEO, will transition to a strategic advisory role post-merger.
“This merger combines highly relevant mining experience with a strong governance focus,” said Phillips. “The new board’s collective skills will position Elevra Lithium as a leader in the global lithium market.”
The companies plan to release additional branding details ahead of the merger’s completion. Elevra Lithium will focus on expanding lithium production in North America and supporting the transition to renewable energy.
Piedmont, headquartered in North Carolina, holds key lithium projects in the U.S., Quebec, and Ghana. Sayona, an Australian firm, specializes in lithium exploration and development.