CFIUS OKs Merger Between Canadian and US Lithium Firms
The Committee on Foreign Investment in the U.S. has cleared a planned merger between North Carolina-based Piedmont Lithium Inc. and Canada-based Sayona Mining Ltd., Piedmont announced April 23. The combination also has received approval under the Investment Canada Act, as…
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well as the U.S. antitrust law, the Hart-Scott-Rodino Act, Piedmont said. Upon completion of the transaction, which still requires shareholder approval, the merged business will be named Elevra Lithium Ltd.