Piedmont Lithium and Sayona Mining merged to form Elevra Lithium, creating a major global hard-rock lithium supplier for EV and energy markets.
Piedmont Lithium Inc., a prominent North American producer of lithium products vital to the United States electric vehicle (EV) supply chain, has officially confirmed the successful completion of its merger with Sayona Mining Limited (“Sayona”). This achievement comes after shareholders of both organizations granted their approval and all required closing conditions were fully satisfied. The consolidation marks a significant step for both companies and for the broader lithium industry.
Following the merger, the newly established entity will operate under the name Elevra Lithium. By bringing together the complementary assets of Piedmont Lithium and Sayona Mining, Elevra immediately becomes one of the most substantial hard-rock lithium platforms globally. With a strong portfolio of development-stage projects across multiple jurisdictions, the company is strategically positioned to meet the escalating demand for lithium, a key resource in enabling the global transition toward cleaner energy.
Lithium is a core component in electric vehicle batteries and energy storage systems, making reliable supply increasingly critical. As nations expand their commitments to renewable energy adoption and stricter emission standards, demand for lithium is set to rise sharply in the years ahead. Elevra Lithium, with its expanded production capabilities and diversified resources, aims to play a central role in supplying the raw materials required for this energy transition.
Keith Phillips, President and Chief Executive Officer of Piedmont Lithium, emphasized the importance of this merger for all stakeholders. “This is a transformative milestone for our shareholders, employees, and partners,” Phillips stated. He highlighted that the integration with Sayona significantly broadens Elevra’s global footprint, strengthens operational scale, and enhances its ability to deliver reliable lithium supply. According to Phillips, the merged company is now better positioned to serve not only the rapidly expanding EV supply chain but also the growing stationary energy storage sector, which is equally dependent on lithium resources.
Phillips further noted that the company is eager to advance under the new Elevra Lithium identity, ensuring long-term value creation for shareholders and supporting the clean energy transition. The enhanced scale and resources resulting from the merger are expected to accelerate project development and improve overall competitiveness in the global marketplace.
The completion of this merger reflects the broader industry trend of consolidation, as companies seek to secure stronger positions within the highly competitive lithium market. By combining their strengths, Piedmont Lithium and Sayona Mining have created a global-scale supplier capable of meeting the surging needs of automakers, battery manufacturers, and renewable energy companies worldwide.
