Piedmont Lithium Limited entered into agreements to establish a strategic partnership with Sayona Mining Limited through the purchase of equity stakes in Sayona and its 100% owned Quebec subsidiary, Sayona Quebec Inc, as well as a binding supply agreement for at least 50% of Sayona Quebec’s planned spodumene concentrate production. Piedmont will acquire an initial 9.9% equity interest in Sayona for approximately $3.1 million and two unsecured convertible notes for approximately $3.9 million that upon conversion would result in Piedmont acquiring an additional 10.0% equity interest in Sayona. Piedmont will appoint one director to Sayona’s Board of Directors. Piedmont will also purchase a 25.0% stake in Sayona Quebec for approximately $5.0 million in cash. Sayona Quebec owns the DFS-level Authier lithium project, the highly prospective Tansim lithium project, and is pursuing a bid to acquire Quebec-based North American Lithium’s assets.