Piedmont Lithium Inc. announced on July 31, 2025, that its Special Meeting of Stockholders was adjourned until August 11, 2025. The adjournment was necessary because a majority of the outstanding shares were not present, either virtually or by proxy, to achieve the required quorum for the proposed merger with Sayona Mining.
Despite the lack of quorum, the preliminary voting tabulation indicated strong shareholder support, with 97.86% of the votes cast in favor of the merger. The company requires a majority of shares outstanding to vote in favor for the transaction to proceed.
The adjournment provides additional time for stockholders to cast their votes on the transformative merger, which aims to create a leading North American lithium producer. Piedmont Lithium is actively encouraging all shareholders to participate in the vote to ensure the transaction can move forward.
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