The final chapter has closed for Piedmont Lithium as a publicly traded entity. Following the formal consolidation with Sayona Mining on August 29, 2025, the lithium company’s shares were officially delisted from all exchanges. Trading under the ticker PLL concluded permanently, with the security declared worthless effective September 1, 2025, and subsequently removed from the ASX on September 10.
Shareholder Transition to New Entity
Investors holding Piedmont Lithium stock received 0.35133 American Depositary Shares of the newly formed Elevra Lithium (Nasdaq: ELVR) in exchange for each of their previous holdings. These ADS units represent 527 ordinary shares of the combined company. This conversion process effectively transferred all ownership interests to the merged entity. Leadership of the new organization falls to Lucas Dow, formerly of Sayona Mining, who now serves as President and Chief Executive Officer of Elevra Lithium.
Financial Performance Preceded Consolidation
The merger materialized after Piedmont Lithium disclosed disappointing quarterly results. For the second quarter of 2025, the company reported a per-share loss of $0.44, falling substantially short of analyst projections. Conversely, revenue figures surprised positively, with $11.86 million in sales exceeding market expectations. Regulatory clearances for the transaction had been secured since April 2025, paving the way for the eventual combination.
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Strategic Positioning of Combined Company
This corporate union establishes one of the globe’s most significant hard-rock lithium platforms. Elevra Lithium now occupies a strategic position within the expanding electric vehicle battery supply chain. The newly consolidated enterprise has outlined several key operational priorities:
- Implementation of measured growth initiatives
- Enhanced financial structuring for project development
- Updated JORC resource estimates for both NAL and Moblan assets
Market participants now monitor the progress of this emerging lithium producer under the fresh ticker ELVR, marking the definitive conclusion of the Piedmont Lithium investment story.
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