It was another quarter of strong operational performance for Sayona Mining Ltd. , with concentrate production at NAL increasing 18% Quarter on Quarter to 40,439 dry metric tons. Concentrate sales were up 142% Quarter on Quarter which included some catch up from the December 2023 Quarter and the commencement of rail shipments to Tesla. Following the completion of an operational review that confirmed on going production [...]
North American lithium producer Sayona Mining Ltd. today announced the appointment of Mr Dougal Elder to the position of Chief Financial Officer . Since joining Sayona in September 2022 as Finance Manager, Mr Elder has made a significant contribution to the Company's evolution from a developer to a lithium producer by playing a key role in financial management and leading Sayona's investor relations function. Mr Elder has [...]
North American lithium producer Sayona Mining Ltd. announced the sale of its shareholding in Troilus Gold Corp. which has further strengthened Sayona's balance sheet. The Company has agreed to sell 19.2 million shares of Troilus for C$0.63 Canadian Dollars per share through a block trade via Desjardins Capital Markets. The sale will result in gross proceeds of approximately A$13.7 million for Sayona. Following the block [...]
North American lithium producer Sayona Mining Ltd. announces that maiden exploration drilling at its wholly owned Tabba Tabba Lithium Project, 45/2364 identified high potential pegmatite systems containing caesium and tantalum. Based on these results, Sayona plans to conduct deeper drilling along a 7.5km prospective corridor located immediately south of the historic Tabba Tabba tantalum mine, where recent exploration by [...]
North American lithium producer Sayona Mining Ltd. today announced that following a detailed review of the North American Lithium operation and a range of operating scenarios, the joint venture partners have agreed to continue the NAL production ramp-up towards steady state production with regular reviews of operating costs and market conditions. NAL is jointly owned by Sayona and Piedmont Lithium . During the operational [...]
"Sayona Mining Ltd. reached a significant milestone in the first half of the 2024 financial year as we generated first revenues following the commencement of shipments of spodumene concentrate from NAL in August 2023. In total, NAL shipped five cargoes of product this half, totalling 72.2 kt of spodumene concentrate. "We continued to invest in optimisation initiatives at NAL such as the Crushed Ore Dome and the Tailings [...]
North American lithium producer Sayona Mining Ltd. has reaffirmed its strategic partnership with Piedmont Lithium to develop the North American Lithium operation in Quebec, Canada, following the announced share sale by Piedmont Lithium of its shareholding in Sayona Mining Ltd.. Piedmont announced on 21 February 2024 it had agreed to sell 1,152.2 million Sayona shares for A$0.052 per share. The sale price represented a [...]
North American lithium producer Sayona Mining Ltd. announced today a Definitive Feasibility Study that demonstrates the value of its Moblan Lithium Project, forming the centrepiece of the Company's Eeyou Istchee James Bay Hub in northern Quebec, Canada. Moblan is owned 60% by Sayona and 40% by Investissement Quebec. Key Points: - Annual production rate of 300ktpa spodumene concentrate over 21-year Life of Mine via open [...]
North American lithium producer Sayona Mining Ltd. has appointed a new independent Non-Executive Director, highly experienced mining executive Lucas Dow, a move that further strengthens the Board and allows for significant enhancement of the Company's corporate governance practices. Mr Dow has a proven track record of outstanding performance across a diverse range of businesses, commodities and geographies, skills which [...]
It was a strong operational quarter for Sayona Mining Ltd. , with ore mined and concentrate production at NAL increasing compared to the prior quarter. NAL produced 34,237 dry metric tonnes of concentrate at the target quality of 5.5% Li2O, up 9% on the previous quarter, while major capital projects such as the Crushed Ore Dome were advanced. The NAL team continues to explore options to optimise production processes, with [...]
North American lithium producer Sayona Mining Ltd. is conducting an operational review of its North American Lithium operation in collaboration with its joint venture partner, seeking to optimise NAL's cost structure in response to rapidly changing conditions in the global lithium market. The review is focusing on opportunities to reduce NAL's cost base, manage cash flow and preserve the Quebec operation's financial [...]
Sayona Mining Ltd. has evolved over the past year from a developer into a producer of valuable spodumene concentrate in North America. The successful restart of operations at North American Lithium , which was completed on-time and within budget, paved the way for the joint venture's inaugural shipment and cash proceeds from customers in August 2023. This has been an enormous achievement, and I would like to thank [...]
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