Sayona Mining Limited Stock Market Press Releases and Company Profile
Completion of Piedmont Investment in Sayona Quebec
Completion of Piedmont Investment in Sayona Quebec

Brisbane, June 8, 2021 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (googlechartASX:SYA) (DML.F) (googlechartDMNXF:OTCMKTS) has completed the final leg in its strategic partnership arrangement with leading U.S.-based lithium corporation, Piedmont Lithium, following the execution of the necessary agreements regarding Piedmont's investment in Sayona Quebec Inc.

As detailed in the Company's announcement on 11 January 2021, Piedmont has subscribed for US$5 million worth of shares in Sayona Quebec to acquire a 25% interest in Sayona's Canadian subsidiary.

The funding will help advance Sayona's growth plans in Quebec, including the Company's flagship Authier Lithium Project, the emerging Tansim Lithium Project and creation of a lithium hub in Quebec's Abitibi region, including the Company's joint bid with Piedmont for North American Lithium (NAL).

Sayona's Managing Director, Brett Lynch commented: "We welcome Piedmont's investment in Sayona Quebec and its support of our growth plans in Canada, including our joint bid for NAL.

"This partnership is advancing the development plans of both companies, as we work to develop an Abitibi lithium hub in Quebec supplying the fast-growing North American battery market."


About Sayona Mining Limited

Sayona Mining LtdSayona 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). 

 

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Contact

Brett Lynch
Managing Director
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au



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