Emerging lithium producer Sayona Mining Ltd. is advancing its Quebec expansion strategy after the monitor appointed by the Court overseeing the Companies' Creditors Arrangement Act process of North American Lithium Inc. , further to the support confirmation from both secured creditors of NAL, has confirmed that it will support the filing of a motion with the Court for the approval of Sayona's joint bid for NAL with [...]
Emerging lithium miner Sayona Mining Ltd. has applied to the Australian Securities Exchange for the listing of currently unlisted options, providing such option holders with enhanced liquidity and potential additional funding for the Company's growth strategy. The Company is seeking the listing of 107,158,042 options, which were issued in August 2019 as part of a capital raising. The options are exercisable at A$0.03 each [...]
Sayona Mining Ltd. is advancing its Western Australian gold exploration, amid high Australian dollar prices for the precious metal. Exploration within the Company's newly expanded 911 sq km of gold tenements in the Pilbara is targeting intrusion-related gold mineralisation, similar to De Grey Mining's nearby Hemi discovery. Preliminary processing and interpretation of the high resolution 3,900 line km airborne magnetics [...]
Emerging lithium miner Sayona Mining Ltd. released today its activities report for the March quarter 2021, highlighting further advances at its lithium projects in Quebec, together with gold exploration in Western Australia. Quarter Highlights - Strategic partnership announced with leading US lithium corporation, Piedmont Lithium Ltd., to invest up to US$12 million in Sayona Mining, together with offtake agreement [...]
Emerging lithium miner Sayona Mining Ltd. has received a vote of confidence in its expansion strategy from shareholders, with the A$20.4 million one for six renounceable rights issue as announced on 25 March 2021 closing oversubscribed. The Company is delighted with the level of support from shareholders for the issue, which was fully underwritten by Canaccord Genuity Limited. Sayona's major shareholder, Piedmont Lithium [...]
Emerging lithium miner Sayona Mining Ltd. has strengthened its project pipeline, with the Company acquiring further prospective lithium acreage at its Tansim Lithium Project in Quebec, Canada in addition to undertaking an airborne magnetic survey over gold targets in Western Australia. Highlights - 27% increase in size of Sayona's Tansim Lithium Project in Quebec, Canada following acquisition of 75 additional claims [...]
Emerging lithium miner Sayona Mining Ltd. plans to conduct product trials with leading battery researcher Novonix Limited, focused on delivering a clean and green 99.97% lithium hydroxide battery suitable for North American EV makers. Highlights - Leading battery researcher Novonix Limited to test Authier Lithium Project samples for potential to deliver minimum 99.97% purity lithium hydroxide for batteries for EV makers [...]
Emerging lithium miner Sayona Mining Ltd. has launched a Renounceable Rights Issue to raise up to AUD$20.4 million before costs, with the funding to support the Company's growth plans in Quebec, Canada. This significant injection of capital will help Sayona advance its bid for North American Lithium in partnership with Piedmont Lithium, together with supporting the development of the Company's flagship Authier Lithium [...]
Emerging lithium miner Sayona Mining Ltd. has reaffirmed confidence in the lithium potential of its emerging Tansim Lithium Project, following the completion of an updated NI 43-101 Technical Report on its project located in Abitibi-Temiscamingue, Quebec. The report by BBA's Principal Geologist Pierre-Luc Richard reviewed the project following its recent expansion to encompass 275 claims spanning 15,907 ha of prospective [...]
Emerging lithium miner Sayona Mining Ltd. continues to advance its Quebec lithium projects, acquiring an additional 90 claims surrounding the emerging Tansim Lithium Project amid accelerating demand for the key battery metal. Highlights - Sayona expands Tansim Lithium Project, Quebec following acquisition of 90 additional claims, increasing project size to 15,907 ha, a 44% increase in lithium acreage - Ex-North American [...]
During the period, Sayona Mining Ltd. acquired an additional 11 claims within the project area. In addition, the final option payment was made in December 2020 to acquire the final 50% interest in claims subject to the option agreement. Further exploration work is planned at Tansim in 2021, including reconnaissance sampling at the new acreage and Phase 2 drilling at the Viau-Dallaire prospect. NORTH AMERICAN LITHIUM MINE [...]
Emerging lithium miner Sayona Mining Ltd. announced today plans to invest in its Western Australian gold and lithium portfolio, with new exploration underway in 2021 on the back of rising prices for both key metals. Highlights - Sayona to invest in Western Australian gold and lithium assets, with new exploration campaign across 100% owned Pilbara portfolio - Geophysical targeting at Mt Dove Gold Project progresses with [...]
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