Piedmont Lithium Inc. Adjourns Stockholder Meeting for Proposed Merger with Sayona Mining Ltd to August 22, 2025; Extends RCF Subscription Agreement Deadline to December 31, 2025

Reuters
08/14
<a href="https://laohu8.com/S/PLLTL">Piedmont Lithium Inc.</a> Adjourns Stockholder Meeting for Proposed Merger with <a href="https://laohu8.com/S/SYANF.AU">Sayona Mining Ltd</a> to August 22, 2025; Extends RCF Subscription Agreement Deadline to December 31, 2025

Piedmont Lithium Inc. announced that the special meeting of stockholders to approve the proposed merger with Sayona Mining Ltd has been adjourned to August 22, 2025. This follows a subscription agreement signed by Sayona and Resource Capital Fund VIII L.P. (RCF) in November 2024, which involved RCF's subscription for Sayona ordinary shares. As a result of the adjournment, Sayona and RCF have agreed to extend the end date of the RCF Subscription Agreement to December 31, 2025. Under revised terms, RCF will also subscribe for options for up to 1.2 billion shares of Sayona, with an exercise price set at AU$0.032. The options will expire on December 31, 2028, and if fully exercised, would provide Sayona with approximately AU$38 million in capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Piedmont Lithium Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-030850), on August 13, 2025, and is solely responsible for the information contained therein.

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