Sayona Mining agreed to buy North Carolina-based Piedmont Lithium to create a top North American lithium producer that can better withstand swings in the fast-growing lithium market.

Australia's Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and strengthen its exposure to the North American electric vehicle sector,

To help meet this growing demand, Piedmont Lithium ( NASDAQ:PLL) and Sayona Mining ( SYAXF) have recently signed a merger deal to create a collaboration entity and become the largest lithium producer in North America.

Australia’s Sayona Mining on Tuesday announced an all-stock merger with US-based Piedmont Lithium, forming the largest hard rock lithium producer in North America. The merger is designed to create a more resilient company,

Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, and Sayona Mining Limited ("Sayona") (ASX: SYA) announce the signing of a definitive agreement (the "Merger Agreement") to combine the two companies to create a leading lithium business,

Investing.com-- Piedmont Lithium Ltd (ASX:PLL), which supplies the battery making metal to Tesla Inc (NASDAQ:TSLA), will be taken over by Australia’s Sayona Mining Ltd (ASX:SYA) in an all stock deal that will create a major American lithium producer.