Emerging lithium miner Sayona Mining Ltd. announced today the launch of a Renounceable Rights Issue to raise up to AUD$4.3 million before costs, with the funding to support the Company's growth plans in Quebec, Canada as it advances its bid for North American Lithium . Highlights - 1 for 4 Renounceable Rights Issue to raise up to $4.3 million; attractively priced at 0.8 cents per share - Discount of 34 % to the 30-day [...]
Sayona Mining Ltd.'s primary focus is the development of the advanced stage Authier Lithium Project in Quebec, Canada. The Authier Lithium Project is a hard-rock, spodumene lithium deposit. Having undergone 31,000m of drilling across 176 holes, the ore deposit is well understood. The deposit is host to a total mineral resource of 21Mt Li2O @1.01% with 211,000t total contained Li2O. A revised DFS announced in November 2019 [...]
Emerging lithium miner Sayona Mining Ltd. announced today the Company has submitted a bid for North American Lithium in Quebec, Canada with the Court-Appointed Monitor, Raymond Chabot Inc. The bid was lodged before the stated deadline of no later than 2pm , 21 February 2020 . Sayona has assembled a world-class team to support its bid for NAL, with Sayona's team encompassing the necessary operational and technical [...]
After some six months as Sayona's Managing Director and with the start of a new year, I would like to provide an update on our strategic plans and activities. The electric vehicle and energy storage revolution has arrived and with it an increased sense of urgency for developing new lithium projects. On what basis can we make this claim? - On 4 February, British Prime Minister Boris Johnson announced the United Kingdom [...]
Emerging lithium miner Sayona Mining Ltd. announced its activities report for the December quarter 2019, as it continues to advance its lithium projects in Canada and Australia amid growing demand for the metal of the 21st century. Quarter Highlights - Revised Definitive Feasibility Study for Authier Lithium Project shows boost to profitability, with estimated net present value increasing to C$216 million from previous [...]
Emerging lithium miner Sayona Mining Ltd. announced today the lodgement of a new environmental impact study for the Company's flagship Authier Lithium Project with Quebec's Ministry of the Environment and the Fight against Climate Change , highlighting the project's potential to become a sustainable and profitable new lithium mine. The EIS was filed as required for the environmental impact assessment and review procedures [...]
Emerging lithium miner Sayona Mining Ltd. announced today the bid deadline for North American Lithium has been extended by the administrator to no later than 2pm , 21 February 2020, compared to the previous 21 January deadline. The extension by administrator Raymond Chabot Inc. is based on the court-approved sale procedures for NAL, which has a lithium mine and concentrator located in Abitibi, Quebec. Sayona has assembled [...]
Emerging lithium miner Sayona Mining Ltd. announced today support from a new U.S. investor, amid an upturn in the lithium sector and increasing momentum concerning the Company's bid for the North American Lithium mine in Quebec, Canada. Under an agreement with Obsidian Global GP, LLC, a New York-based investment firm, Sayona has secured a facility of up to $2.75 million, with an initial tranche of $1m of convertible [...]
Emerging lithium miner Sayona Mining Ltd. is pleased to announced the completion of an agreement with The Council of the First Nation Abitibiwinni in relation to activities undertaken during the exploration phase of the Authier Lithium Project. To view the joint release, please visit: https://abnnewswire.net/lnk/LAVZMV9K About Sayona Mining Ltd: Sayona Mining Ltd. is an Australian, ASX-listed company focused on sourcing [...]
Sayona Mining Ltd. provide the investor's presentation to be used by Managing Director, Mr Brett Lynch at the 121 Mining Investment Conference being held in London on 20-21 November 2019. To view the presentation, please visit: https://abnnewswire.net/lnk/PBE1514E About Sayona Mining Ltd: Sayona Mining Ltd. is an Australian, ASX-listed company focused on sourcing and developing the raw materials required to construct [...]
Emerging lithium miner Sayona Mining Ltd. announced today an Exploration Target for the Viau-Dallaire prospect within the Company's Tansim Lithium Project in Quebec, Canada, highlighting the potential for the development of a new lithium deposit. Based on recent drilling , the Exploration Target* has been estimated at between 5 million tonnes, at an estimated grade of 1.2-1.3% Li2O and 25 million tonnes at an estimated [...]
Emerging lithium miner Sayona Mining Ltd. announced today a revised Definitive Feasibility Study for its flagship Authier Lithium Project, showing the Quebec project's potential to become a sustainable and profitable new lithium mine with higher returns than previously estimated. Highlights - Revised Definitive Feasibility Study for Authier Lithium Project shows potential to become a sustainable and profitable new mine [...]