Sayona Mining (SYA) 2025 Earnings Call Presentation

Merger Overview - The merger aims to create a stronger lithium business with a diversified growth portfolio[12] - The merger is projected to generate annual synergies of approximately US$15 million[12] - The merger will result in Sayona Shareholders and Piedmont Stockholders each accounting for an approximate 50%/50% equity holding in Sayona[12] - Sayona will issue up to 12,056,194,283 shares to Piedmont Stockholders for the merger[26] Conditional Placement - A proposed issue of 2,156,250,000 Sayona Shares at an issue price of AU$0.032 to RCF is planned to raise approximately AU$69 million[12] - Funds raised will be applied to value accretive spend post-Merger Completion[12] Resolutions and Voting Results - Resolution 1 (Merger Resolution) was approved with 97.34% of votes for[27] - Resolution 2 (Conditional Placement Resolution) was approved with 97.32% of votes for[29] - Resolution 3 (Unconditional Placement Resolution) was approved with 92.78% of votes for[31] - Resolution 4 (Name Change Resolution) to Elevra Lithium Limited was approved with 97.62% of votes for[33] - Resolution 5 (Consolidation Resolution) was approved with 94.59% of votes for[35] - Resolution 6 (Remuneration Resolution) to increase Non-Executive Director remuneration pool was approved with 88.83% of votes for[38] Lithium Resources and Production - Combined lithium ore reserve estimate is 70.4Mt @ 1.15% Li2O[7] - M&I mineral resource estimate is 153.5Mt @ 1.15% Li2O[7] - Production capacity is 593 ktpa[7]