Piedmont Lithium Adjourns 2025 Special Meeting to August 22 Amid Inadequate Quorum

Piedmont Lithium has adjourned its 2025 Special Meeting of Stockholders to August 22, 2025, due to insufficient quorum. The proposed merger with Sayona Mining received substantial support, with 97.77% of votes cast in favor, but only 47.05% of shares outstanding were voted. The company urges shareholders to vote promptly to advance the merger. Shareholders can access the meeting virtually and view the list of registered stockholders online.

Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, has adjourned its 2025 Special Meeting of Stockholders until August 22, 2025. The adjournment was necessitated by an insufficient quorum, despite substantial support for the proposed merger with Sayona Mining Limited (ASX: SYA).

During the virtual meeting held on August 11, 2025, only 47.05% of shares outstanding were voted, falling short of the majority required to meet quorum. Although 97.77% of votes cast favored the merger, the lack of sufficient shareholder participation delayed the process [2].

Piedmont Lithium's President and CEO, Keith Phillips, acknowledged the strong support for the merger but emphasized the need for additional votes. He urged shareholders who have not yet voted to do so promptly to move the merger forward [3].

The adjourned Special Meeting will be held virtually on August 22, 2025, at 11:00 ET. Shareholders can access the meeting and vote online through the provided instructions [3].

The merger, which would combine Piedmont Lithium's operations with Sayona Mining's projects in Quebec, Canada, and Western Australia, aims to strengthen the company's lithium production capabilities. The proposed merger received overwhelming support among those who voted, with 97.77% of votes cast in favor. However, the merger cannot proceed without the necessary shareholder approval [1].

Sayona Mining and Resource Capital Fund VIII L.P. (RCF VIII) have agreed to extend the subscription agreement until December 31, 2025, to accommodate the delay. RCF VIII will subscribe for an additional 1,200,000,000 new options, which would inject approximately AU$38 million into the company if all options are exercised [1].

Investors are encouraged to participate in the adjourned meeting and cast their votes to ensure the merger's timely completion. The meeting details and voting instructions are available on Piedmont Lithium's website and through the provided links [3].

References:
[1] https://www.sharecafe.com.au/2025/08/12/sayona-mining-provides-update-on-piedmont-lithium-merger-and-rcf-extension/
[2] https://www.miningweekly.com/article/piedmont-lithium-adjourns-special-shareholder-meeting-after-quorum-shortfall-2025-08-12
[3] https://www.piedmontlithium.com/piedmont-lithium-announces-adjournment-of-2025-special-meeting-of-stockholders-until-august-22-2025/