Deal creates North America’s largest hard rock lithium miner, which will be based in Australia and listed in both the ASX and NASDAQ markets.

Piedmont Lithium PLL and Sayona Mining Limited have entered into an all-stock merger agreement to form a unified company, MergeCo, which will be focused on hard rock lithium production.The deal combines Piedmont Lithium and Sayona Mining’s complementary businesses and is expected to position the new entity as a leader in North American lithium production.

Sayona Mining agreed to buy North Carolina-based Piedmont Lithium to create a top North American lithium producer that can better withstand swings in the fast-growing lithium market.

Australia’s Sayona Mining on Tuesday announced an all-stock merger with US-based Piedmont Lithium, forming the largest hard rock lithium producer in North America. The merger is designed to create a more resilient company,

Australia's Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and strengthen its exposure to the North American electric vehicle sector,