Sayona Mining Merger with Piedmont Lithium Approved by Stockholders

TL;DR

Piedmont Lithium stockholders OK'd the merger with Sayona Mining, moving the deal forward.

AI Summary

Sayona Mining Limited announced on August 25, 2025, that Piedmont Lithium Inc. stockholders approved the proposed merger between the two companies. This approval follows Sayona's announcement on August 12, 2025, and is a key step towards completing the merger.

Why It Matters

The approval of the merger by Piedmont's stockholders is a significant milestone, bringing Sayona Mining closer to combining operations with Piedmont Lithium, potentially impacting the supply chain and market for lithium.

Risk Assessment

Risk Level: medium — Merger completion is subject to further conditions, and market dynamics for lithium can be volatile.

Key Players & Entities

• Sayona Mining Limited (company) — Registrant
• Piedmont Lithium Inc. (company) — Company involved in proposed merger
• August 25, 2025 (date) — Date of filing and announcement
• August 12, 2025 (date) — Previous announcement date

FAQ

Filing Documents

• ef20054448_6k.htm (6-K) — 46KB
• image00001.jpg (GRAPHIC) — 5KB
• image00002.jpg (GRAPHIC) — 2KB
• image00003.jpg (GRAPHIC) — 2KB
• 0001140361-25-032501.txt ( ) — 61KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 333-286715 SAYONA MINING LIMITED (Translation of registrant's name into English) Level 28, 10 Eagle Street Brisbane, Queensland 4000 Australia (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Merger Completion, Conditional Placement and Share Consolidation Timetable Update Sayona Mining Limited ("Sayona" or "Company") (ASX:SYA; OTCQB:SYAXF) advises that further to the Company's announcement of 12 August 2025, the stockholders of Piedmont Lithium Inc. ( Piedmont ) have approved the proposed Merger with the Company. Merger Update As previously announced, the Piedmont Special Meeting was adjourned from Monday, 11 August 2025 to Friday, 22 August 2025 at 11 a.m. Eastern Time (ET) ( Second Adjourned Special Meeting ) to provide Piedmont's stockholders with additional time to vote their shares and achieve the required stockholders' quorum and Merger approval. At the Second Adjourned Special Meeting, Piedmont achieved the required stockholders' quorum (being at least a majority of the voting power of shares of common stock present or represented at the Piedmont Special Meeting and entitled to vote on the proposal) and Piedmont stockholders voted overwhelmingly in support of the Merger (with approximately 97% of the votes cast being in favour of the Merger). As such, Completion of the Merger is now scheduled to take place on 30 August 2025 and the date for the issue of the Conditional Placement Shares to Resource Capital Fund VIII L.P. ( RCF ) is scheduled for 4 September 2025 in line with the revised timetable set out below. On 4 September 2025, and subject to RCF subscribing for the Conditional Placement Shares, Sayona also intends to issue the Tranche 1 Options as previously announced on 12 August 2025. Mr Lucas Dow, MD and CEO, said: " Today marks a defining milestone in our journey. The overwhelming shareholder support for our merger with Piedmont Lithium reflects a shared vision to create a leading, globally significant lithium company. Together, we are unlocking tremendous growth potential, strengthening our position in the global battery materials supply chain, and building long-term value for all stakeholders. I am excited for the opportunities ahead as we move forward as one team ." Merger and Conditional Placement Timetable Update Event Time and date Status Sayona EGM 10:30am (AEST), 31 July 2025 Completed - all resolutions carried Piedmont Lithium Second Adjourned Special Meeting 11:00am (ET), 22 August 2025 Completed – all proposals carried Completion of the Merger 30 August 2025 Pending Date for issue of the Conditional Placement Shares to RCF and Tranche 1 Options 4 September 2025 Pending As previously announced, the Share Consolidation will be implemented after completion of the Merger and Conditional Placement (instead of before the Merger and Conditional Placement). The revised Share Consolidation timetable is set out below. Share Consolidation Timetable Update Event Time and date Consolidation Effective Date 10 September 2025 Last day for trading in Sayona Shares pre-Consolidation 11 September 2025 Trading in consolidated Sayona Shares commences on a deferred settlement basis 12 September 2025 Record date for the Share Consolidation 15 September 2025 First day for registration of Sayona Shares on a post-Share Consolidation basis 16 September 2025 Dispatch of new Sayona post Share Consolidation holding statements to the existing Sayona Shareholders. 18 September 2025 Level 28, 10 Eagle St Brisbane Q 4000 | +61 7 3369 7058 ir@sayonamining.com.au | ASX: SYA | ACN 091 951 978 sayonamining.com.au Please Note : The revised timetables above have been approved by the ASX. The revised timetables above assume that all other conditions precedent to the Merger are satisfied or waived (if capable of being waived). All times and dates in the above timetable are references to the time and date in Australian Eastern Standard Time, unless otherwise indicated, and all such times and dates are subject to change. Capitalised terms in this announcement that are not otherwise defined have the meaning given to them in the Notice of Meeting and Explanatory Memorandum. Additional Information and Where to Find It In connection with the proposed transaction, Sayona has filed with the SEC a registration statement on Form F-4, which includes a prospectus of Sayona. The registration statement was declared effective by the SEC on June 20, 2025. Sayona may also file other relevant documents with the SEC regarding the proposed transaction. No offer of securities shall be made, except by mean

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