Australia's Sayona Mining buys US based Piedmont Lithium
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Australia's Sayona Mining is acquiring U.S.-based Piedmont Lithium to consolidate Canadian operations and increase exposure to the North American EV industry, including Tesla.
November 19, 2024 | 4:45 am
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Piedmont Lithium is being acquired by Sayona Mining, which will consolidate their Canadian operations and enhance exposure to the North American EV market, including Tesla.
The acquisition by Sayona Mining is likely to positively impact Piedmont Lithium's stock as it consolidates operations and increases exposure to the growing North American EV market, particularly with a customer like Tesla.
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