Sayona Mining Ltd: Quarterly Activities Report
30.10.2021 | ABN Newswire
Brisbane, Australia - Emerging lithium producer Sayona Mining Ltd. (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF) has further expanded its lithium asset base in Quebec, Canada together with advancing its Western Australian lithium and gold projects, as highlighted by its Activities Report for the September quarter 2021.Quarter Highlights
Quebec, Canada
- Sayona Quebec and Piedmont complete acquisition of North American Lithium (NAL)
- Preparations underway for resumption of NAL operations; project review shows scope for further resource expansion
- Acquisition of Moblan Lithium Project, Northern Quebec secures leading North American lithium asset base
- Testing confirms Authier spodumene delivers high purity lithium hydroxide suitable for battery/cathode makers
- Placement and Share Purchase Plan, raising A$65 million to fund NAL acquisition
Western Australia
- Gold exploration plans ramped up and drilling planned at Mt Dove and Deep Well Projects
- Altura Mining commits to earn-in over Pilbara lithium projects, with initial focus on Mallina project
Post-quarter
A$100 million raised in Placement and additional A$25.5 million in rights issue to close acquisition of 60% of Moblan Lithium Project; drilling program at project planned for 2022, together with revised definitive feasibility study.
To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/X0YFGOQN
About Sayona Mining Ltd:
Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:SYAXF) is an Australian, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. The Company has lithium projects in Quebec, Canada and in Western Australia.
Please visit us as at www.sayonamining.com.au
Source:
Sayona Mining Ltd.
Contact:
Brett Lynch Managing Director Phone: +61 (7) 3369 7058 Email: info@sayonamining.com.au