November 20, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Australia-based Sayona Mining Limited (Milton, Queensland) will be the parent of a new entity formed through a merger with Piedmont Lithium (NASDAQ:PLL Piedmont and Sayona agreed Tuesday to form a 50:50 joint venture, presently dubbed MergeCo, through an all-stock transaction. A combined equity haul of $99 million to support the merger ensures "MergeCo is well positioned to accelerate growth within its enlarged portfolio," the companies said. Other companies featured: Toyota Motor Corporation (NYSE:TM), Ford Motor Company (NYSE:F) and Albemarle Corporation (NYSE:ALB)
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