Piedmont Lithium welcomes strong support for A$45 million Sayona Mining placement Piedmont contributed A$8 million during Sayona’s placement, strengthening its position as a major shareholder in its partner and fellow ASX-lister. Piedmont supported the placement with an $8 million investment The placement forms part of a broader A$50 million capital raising plan, comprising the A$45 million institutional placement and a A$5 million share purchase plan, which will support a key acquisition and boost the emerging Abitibi lithium hub in Quebéc. NAL bid Together, Piedmont and Sayona are advancing a bid for North American Lithium (NAL), which owns a large, previously producing lithium asset not far from Sayona’s own project.