Elevra Lithium Emerges as Major Hard-Rock Lithium Producer After Piedmont-Sayona Merger

A Strategic Merger Creates Elevra Lithium

Piedmont Lithium has completed its merger with Australia-based Sayona Mining. The two companies now operate under a new name—Elevra Lithium. This merger creates one of North America’s largest hard-rock lithium producers. It directly supports growing demand for electric vehicles (EVs) and energy storage technologies.

The companies announced the all-stock deal in November 2024. It merges their project portfolios into a unified, cross-border lithium platform. As a result, Piedmont’s shares will no longer trade on Nasdaq or the Australian Securities Exchange (ASX). Instead, Piedmont shareholders will receive American Depositary Shares (ADS) linked to Sayona stock. Meanwhile, CDI holders will receive Sayona shares directly.

Elevra Lithium inherits key assets from both sides. Piedmont contributes the Carolina Lithium Project in the U.S., a stake in Quebec’s lithium operations, and the Ewoyaa Project in Ghana through Atlantic Lithium. At the same time, Sayona brings in the North American Lithium and Authier Projects. It also holds a 60% share in the Moblan Project and an extensive exploration portfolio in Western Australia. This global asset mix boosts Elevra’s resilience in both developed and emerging lithium markets.

Elevra Lithium Targets Operational Scale and Market Leadership

With this merger, Elevra Lithium aims to streamline operations, improve procurement efficiency, and scale production to meet accelerating global demand. The new company plans to optimize logistics and reduce operating costs through vertical integration across its value chain. This consolidation also gives Elevra broader access to customers and enhances its attractiveness to institutional investors and strategic partners.

Keith Phillips, former Piedmont CEO and now a key leader at Elevra Lithium, emphasized the significance of this move: “This is a transformative milestone for our shareholders, employees, and partners… We are excited to move forward as a combined company with Sayona.” The leadership team believes the merger enhances Elevra’s global reach and positions it as a primary supplier to both EV manufacturers and grid-scale storage developers.

Looking forward, Elevra intends to pursue non-dilutive capital-raising initiatives and project-level strategic partnerships. The company’s simplified corporate structure is designed to support flexibility and responsiveness as the lithium market evolves. This includes leveraging joint ventures for technical expertise and tapping into international funding channels for long-term growth.

SuperMetalPrice Commentary:

Elevra Lithium enters the market at a pivotal moment for critical minerals. With governments and manufacturers racing to secure upstream supply chains, Elevra’s multi-continental portfolio offers a strategic hedge against regional disruptions. By consolidating two key players, the company gains the scale, resource diversity, and market access needed to thrive in a volatile commodity environment. Its next challenge will be execution—translating assets into output and partnerships into profits.