logo
MergeCo to be named Elevra Lithium and Board Nominees Announced

MergeCo to be named Elevra Lithium and Board Nominees Announced

Yahoo10-04-2025
BRISBANE, Australia, April 10, 2025 (GLOBE NEWSWIRE) -- Sayona Mining Limited ('Sayona' or 'Company') (ASX:SYA; OTCQB:SYAXF) provides an update on the proposed transaction with Piedmont Lithium Inc. ('Piedmont Lithium') (NASDAQ:PLL, ASX:PLL) (see announcement on 19 November 2024) (the 'Transaction') that will combine the two companies to create a leading lithium business.
Subject to Sayona shareholder approval, the name of the Company will be changed to Elevra Lithium Limited ('Elevra Lithium') upon completion of the Transaction. Further details on the name, brand and logo will be provided closer to the Transaction completion.
Additionally, the nominees to the Board of Elevra Lithium have now been agreed. As previously announced, subject to and with effect from completion of Transaction, the Elevra Lithium Board will initially consist of 8 members, including 4 directors to be appointed by Sayona (one of which will be Lucas Dow, the CEO and Managing Director of Elevra Lithium) and 4 directors to be appointed by Piedmont Lithium (one of which will be the Chair of the Elevra Lithium Board). The nominees for the Elevra Lithium Board are as follows:
Piedmont Lithium Nominees
Sayona Nominees
Ms. Dawne Hickton – Chair Designate
Mr. Lucas Dow – Managing Director and CEO
Ms. Christina Alvord
Mr. James Brown
Mr. Jeff Armstrong
Mr. Allan Buckler
Mr. Jorge M. Beristain
Ms. Laurie Lefcourt
Brief biographies of each Elevra Lithium Director Nominee are provided at the end of this release. Sayona directors Mr. Paul Crawford and Mr. Philip Lucas and Piedmont Lithium directors Mr. Michael Bless and Mr. Claude Demby will retire on, and subject to, completion of the Transaction.
Sayona Managing Director and CEO, Lucas Dow said, 'I am delighted to announce the nomination of this highly experienced and capable group of leaders to form the Board of Elevra Lithium. Their diverse expertise across mining, legal, finance, and commercial strategy will be instrumental in steering our newly combined entity towards a successful and sustainable future. As we integrate Sayona and Piedmont Lithium, this Board will provide the strategic oversight required to unlock the full potential of our assets and deliver long-term value for our shareholders. I would also like to sincerely thank Paul Crawford and Phil Lucas for their contribution to Sayona which has contributed to the success of the business.'
"The formation of Elevra Lithium will mark a defining moment in the North American lithium industry. With a strengthened balance sheet, simplified ownership structure, and a world-class asset portfolio, we will be poised to accelerate our growth strategy and enhance our ability to meet the rising global demand for lithium. Our commitment to operational excellence, cost reduction and innovation will drive efficiencies across our projects, ensuring that we maximise the benefits of this merger.'
"As Managing Director and CEO, I look forward to working alongside my fellow Board members and the broader Elevra Lithium team to execute a clear roadmap for growth. The synergies between Sayona and Piedmont Lithium will allow us to optimise our production capabilities, streamline logistics, and expand our reach in key markets. Our priority will be to advance our development pipeline efficiently, with a focus on delivering sustainable and responsible lithium production.'
An Extraordinary General Meeting ('EGM') of Sayona shareholders is expected to be held in the first half of CY2025 to approve the Transaction and other items. The exact timing of this meeting will be confirmed and communicated to shareholders after the U.S. Securities and Exchange Commission ('SEC') completes its review of the Proxy Statement /Prospectus (being a Registration Statement on Form F-4) that will be filed with the SEC and mailed to Piedmont stockholders prior to the Piedmont stockholders meeting to approve the Transaction (and other related items).
Director Nominee Biographies
Ms. Dawne Hickton – Chair DesignateMs. Dawne Hickton is an experienced executive with extensive exposure to a variety of industries. She has held various leadership roles, including serving as Vice Chair, President, and CEO of RTI International Metals, a leading producer of titanium mill products and fabricated metal components. Ms. Hickton's expertise spans strategic planning, operations and corporate governance, making her well-suited to chair the Elevra Board.
Mr. Lucas Dow – Managing Director and CEOMr. Lucas Dow is the current Managing Director and CEO of Sayona Mining Limited. He brings a wealth of experience in the mining sector, having held senior positions in prominent resource companies. Mr. Dow's leadership has been pivotal in advancing Sayona's strategic initiatives and growth, positioning the company as a key player in the lithium industry.
Ms. Christina AlvordMs. Christina Alvord has a strong background in corporate leadership and governance, with experience across various industries. Ms. Alvord's strategic acumen and business insights will contribute to the Elevra board's oversight and decision-making processes. Ms. Alvord began her career as a strategy consultant at McKinsey & Co. after graduating from Harvard Business School.
Mr. Jeff ArmstrongMr. Jeff Armstrong brings extensive experience in financial management and corporate strategy. Mr. Armstrong's financial expertise will support the Company's fiscal oversight and strategic financial planning. Mr. Armstrong also worked as an investment banker in the late 1980s and 1990s for Citigroup and Morgan Stanley. Mr. Armstrong resides in Charlotte, NC and is actively engaged in the community. He earned a Master of Business Administration from the Darden School of Business, received a Bachelor of Science from the McIntire School of Commerce, and is a Chartered Financial Analyst.
Mr. Jorge M. BeristainMr. Jorge M. Beristain has a strong background in finance and investment analysis, with a focus on the mining and metals sector. Mr. Beristain's financial acumen and industry insights will enhance the Elevra board's strategic financial oversight. Mr. Beristain received a Bachelor of Communications from the University of Alberta and holds a Chartered Financial Analyst (CFA) designation.
Mr. James BrownMr. James Brown possesses extensive experience in the mining sector, particularly in project development and resource management. Mr. Brown has successfully sourced, developed and operated numerous key global projects with a focus on lithium and battery minerals. He has an extensive global investment network to underpin the capital requirements for project investment and development.
Mr. Allan BucklerMr. Allan Buckler has a long-standing career in the mining industry, with significant experience in project development and operations. Mr. Buckler's insights and expertise have been instrumental in guiding Sayona's project advancements and operational strategies. Mr. Buckler has led the development of significant operations both in Australia and overseas.
Ms. Laurie LefcourtMs. Laurie Lefcourt has an extensive background in financial, strategic, and risk management, particularly in the resources, construction, and infrastructure sectors with extensive experience in project development and operations. She holds a bachelor's degree in finance and administration and is a fellow of the Institute of Chartered Accountants of Australia and New Zealand, a Chartered Professional Accountant of Canada, and a graduate of the Australian Institute of Company Directors.
Announcement authorised for release by Mr. Lucas Dow, Managing Director and CEO of Sayona Mining Limited.
For more information, please contact: Andrew BarberDirector of Investor Relations
Ph: +617 3369 7058Email: ir@sayonamining.com.au
For more information, please visit us at www.sayonamining.com.au
Additional Information and Where to Find It
In connection with the proposed Transaction, Sayona intends to send its shareholders a notice of meeting and explanatory materials ahead of the EGM and Sayona encourages its shareholders to review those materials in full. Sayona will also file with the SEC a registration statement on Form F-4 that also constitutes a prospectus of Sayona. Sayona also plans to file other relevant documents with the SEC regarding the proposed transaction. No offer of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROSPECTUS AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and shareholders will be able to obtain free copies of these documents (if and when available), and other documents containing important information about Piedmont and Sayona, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Sayona will be available free of charge on Sayona's website at sayonamining.com.au or by contacting Sayona's Investor Relations Department by email at ir@sayonamining.com.au or by phone at +61 7 3369 7058. Copies of the documents filed with the SEC by Piedmont will be available free of charge on Piedmont's website at http://www.piedmontlithium.com/ or by contacting Piedmont's Investor Relations Department by email at info@piedmontlithium.com or by phone at +1 (704) 461-8000.
No Offer or Solicitation
This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to buy any Sayona securities pursuant to the acquisition, nor shall there be any sale of Sayona securities pursuant to the acquisition in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. No offer of Sayona securities pursuant to the acquisition shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Participants in the Solicitation
This communication is not a solicitation of proxies in connection with the proposed transaction. However, under SEC rules, Sayona, Piedmont and certain of their respective directors, executive officers and other members of the management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about Piedmont's directors and executive officers may be found in its 2024 Annual Report on Form 10-K filed with the SEC on February 26, 2025, available at www.piedmontlithium.com/ir/ and www.sec.gov. Information about Sayona's directors and executive officers may be found in its 2024 Annual Report to Shareholders available on its website at https://sayonamining.com.au/investors/financial-reports/ and filed with the ASX on August 29, 2024. The information included on, or accessible through, Sayona's or Piedmont's website is not incorporated by reference into this communication. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such potential participants in the solicitation of proxies in connection with the proposed transaction will be included in the proxy statement/prospectus and other relevant materials to be filed with the SEC and applicable securities regulators in Australia when they become available.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings
How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings

Yahoo

time26 minutes ago

  • Yahoo

How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings

Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) will release earnings results for the second quarter, after the closing bell on Wednesday, July 23. Analysts expect the Mountain View, California-based company to report quarterly earnings at $2.17 per share, compared to $1.89 per share in the year-ago period. Alphabet projects to report quarterly revenue of $93.72 billion, compared to $84.74 billion a year earlier, according to data from Benzinga Pro. The Google parent company has beaten analyst estimates for revenue in 10 straight quarters. It has also beaten analyst estimates for earnings per share in nine straight quarters. With the recent buzz around Alphabet, some investors may be eyeing potential gains from the company's dividends. As of now, Alphabet offers an annual dividend yield of 0.44%, which is a semi-annual dividend amount of 21 cents per share (84 cents a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $1,366,742 or around 7,143 shares. For a more modest $100 per month or $1,200 per year, you would need $273,425 or around 1,429 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.84 in this case). So, $6,000 / $0.84 = 7,143 ($500 per month), and $1,200 / $0.84 = 1,429 shares ($100 per month). View more earnings on GOOGL Note that the dividend yield can change on a rolling basis, as both the dividend payment and the stock price fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. GOOGL Price Action: Shares of Alphabet gained 0.7% to close at $191.34 on More: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? ALPHABET (GOOGL): Free Stock Analysis Report ALPHABET (GOOG): Free Stock Analysis Report This article How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

Conduent to Report Second-Quarter 2025 Financial Results on August 6, 2025
Conduent to Report Second-Quarter 2025 Financial Results on August 6, 2025

Yahoo

time26 minutes ago

  • Yahoo

Conduent to Report Second-Quarter 2025 Financial Results on August 6, 2025

FLORHAM PARK, N.J., July 23, 2025--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-driven business solutions and services company, plans to report its second-quarter 2025 financial results on Wednesday, Aug. 6, 2025 before market open. Management will present the results during a conference call and webcast at 9:00 a.m. ET. The call will be available by live audiocast along with the news release and online presentation slides at The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID is 13754400. The international dial-in is +1 201-689-8337. The international conference ID is also 13754400. A recording of the conference call will be available by calling 877-660-6853 three hours after the conference call concludes. The access ID for the recording is 13754400. The call recording will be available until Aug. 20, 2025. We look forward to your participation. About ConduentConduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 56,000 associates, process expertise and advanced technologies, Conduent's solutions and services digitally transform its clients' operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients' missions in many ways including disbursing approximately $85 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at Note: To receive RSS news feeds, visit For open commentary, industry perspectives and views, visit or TrademarksConduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners. View source version on Contacts Media Contact: Sean Collins, Conduent, 310-497-9205, Investor Relations Contact: David Chen, Conduent, ir@

Lucid Group Soars After Tesla Supercharger Deal and Model Upgrades
Lucid Group Soars After Tesla Supercharger Deal and Model Upgrades

Yahoo

time26 minutes ago

  • Yahoo

Lucid Group Soars After Tesla Supercharger Deal and Model Upgrades

July 23- Lucid (NASDAQ:LCID) shares surged about 11% on Tuesday after the luxury EV maker said its entire Air range will plug into Tesla's (NASDAQ:TSLA) Supercharger network via an approved adapter starting July 31, 2025. The expanded access could help address charging convenience for owners. Warning! GuruFocus has detected 5 Warning Signs with LCID. The company also outlined enhancements for its 2026 Air lineup. Lucid raised the EPA?estimated range of its Touring model by more than 6% to 431 miles. Standard additions include a refined air?conditioning compressor designed for quieter operation and upgraded interior amenities aimed at boosting passenger comfort. Earlier this month, LCID stock jumped 39% following an agreement with Uber (NYSE:UBER) and autonomous?vehicle specialist Nuro to roll out up to 20,000 premium robotaxis on Uber's platform over six years. Uber plans to invest several hundred million dollars in Lucid and Nuro as part of the pact. Despite today's uptick, Lucid remains prone to swings, its shares have moved more than 5% on 56 occasions over the past year. At $3.07 per share, the stock sits about 28% below its 52?week peak. Investors may view the Supercharger partnership and model tweaks as positive but incremental. Based on the one year price targets offered by 13 analysts, the average target price for Lucid Group Inc is $2.68 with a high estimate of $7.00 and a low estimate of $1.00. The average target implies a downside of -14.48% from the current price of $3.13. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store