Emerging lithium producer Sayona Mining Limited (
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.
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About Elevra Lithium Limited
Elevra Lithium Limited is a North American lithium producer (ASX:ELV) (NASDAQ:ELVR) OTCMKTS:SYAXF) with projects in Quebec, Canada, United States, Ghana and Western Australia. In Quebec, Elevra's assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Quebec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium. In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.
Contact
Brett LynchManaging Director
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au
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