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21 Feb

Piedmont divests Sayona stake to protect balance sheet

US-based Piedmont Lithium is selling its shares in Australian joint venture partner Sayona Mining, but the transaction shouldn’t impact the Sayona Quebec relationship, Kallanish reports. The company said on Wednesday it agreed to sell over 1.15 million shares of Sayona for AUD 0.052 each through a secondary block sale via Canaccord Genuity. The deal, closed at a premium, will result in gross proceeds of around AUD 59.9m or $39.4m for Piedmont. “This …
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