I believe the ownership structure will be similar to Sayona Quebec. Piedmont will purchase a 50% interest in the Ghanian assets via a subsidiary company. This will not require the issue of additional Atlantic shares and protects Piedmonts interests in the event of a take over of Atlantic as they are effectively equal partners.
Young Keith is ahead of the curve. Just ask Sayona.
Piedmont will own hydroxide plants in the USA and need surety of supply through life of mine agreements (NAL SYA) or buy in with an equal or controlling stake.
Note that ownership in SYA and Atlantic provides Piedmont with the inside running to information. Piedmont will have a seat on the board at Atlantic. Probably have one on Sayona.
Sayona Quebec have followed the same formula with the investment in Jourdan Resources. Earning 51% ownership of asset with seat on the board and circa 10% ownership in Jourdan.
A11 Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
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