Emerging lithium producer Sayona Mining Limited (
In addition to the approval of the Court, the transaction remains subject to completion of definitive agreements, to shareholder approval and other necessary regulatory approvals.
Welcoming this new development, Sayona's Managing Director Brett Lynch said: "We are delighted to have reached this significant milestone, we look forward to progressing this process through to completion with the support of all stakeholders."
Desjardins Capital Markets acted as lead financial advisor to Sayona Mining Limited.
About Sayona Mining Limited
Sayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
Contact
Brett LynchManaging Director
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au
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