Sayona Mining Ltd (ASX:SYA) Quarterly Activities Report
Quarter Highlights
- Strategic partnership announced with leading US lithium corporation, Piedmont Lithium Limited, to invest up to US$12 million (AUD$15.5m) in Sayona Mining, together with offtake agreement
- Battery researcher, Novonix Limited, to test Authier product s potential for 99.97% purity lithium hydroxide battery
- Tansim Lithium Project in Quebec further expanded, with new drilling program planned for both Tansim and flagship Authier Lithium Project
- In Western Australia, gold exploration advances with airborne magnetic survey completed at Deep Well and Mount Dove projects
- Oversubscribed A$20.4m fully underwritten renounceable rights issue to support expansion of Sayona s Quebec lithium projects, including bid for North American Lithium.
Brisbane, Australia - Emerging lithium miner Sayona Mining Limited released today its activities report for the March quarter 2021, highlighting further advances at its lithium projects in Quebec, Canada together with gold exploration in Western Australia. Quarter Highlights - Strategic partnership announced with leading US lithium corporation, Piedmont Lithium Limited, to invest up to US$12 million in Sayona .
Sayona Mining Ltd (ASX:SYA) Rights Issue Closes Oversubscribed
Rights Issue Closes OversubscribedBrisbane, April 22, 2021 AEST (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (
OTCMKTS:DMNXF) has received a vote of confidence in its expansion strategy from shareholders, with the A$20.4 million one for six renounceable rights issue as announced on 25 March 2021 closing oversubscribed.
The Company is delighted with the level of support from shareholders for the issue, which was fully underwritten by Canaccord Genuity (Australia) Limited. Sayona s major shareholder, Piedmont Lithium, exercised its full entitlement under the offer.
The Rights Issue offered 638,443,876 ordinary fully paid shares (New Shares) on the basis of one New Share for every six existing shares held by eligible shareholders on the record date at an issue price of 3.2 cents (A$0.032) per New Share.
Sayona Mining Ltd (ASX:SYA) Advances Exploration Activity in Canada & Australia
Advances Exploration Activity in Canada & AustraliaBrisbane, April 6, 2021 AEST (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (
Highlights
- 27% increase in size of Sayona s Tansim Lithium Project in Quebec, Canada following acquisition of 75 additional claims, taking total project area to 20,256 ha of prospective lithium acreage
- In Western Australia, 3,900 line km airborne magnetic survey completed to advance gold drill targets at Deep Well and Mt Dove projects
- Increased exploration activity follows strong outlook for both lithium and gold, as Sayona invests in upgrading its Canadian lithium resource base and increasing the value of its West Australian gold and lithium projects.
Sayona Mining Ltd (ASX:SYA) Expands Tansim Project as Lithium Demand Accelerates
Expands Tansim Project as Lithium Demand AcceleratesBrisbane, Mar 11, 2021 AEST (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (
Highlights
- Sayona expands Tansim Lithium Project, Quebec following acquisition of 90 additional claims, increasing project size to 15,907 ha, a 44% increase in lithium acreage
- Ex-North American Lithium (NAL) COO Yves Desrosiers appointed director of Authier Lithium Project, including responsibility for the BAPE process, as Sayona Quebec advances project approvals.
Located 82 kilometres south-west of the Company s flagship Authier Lithium Project, the Tansim project now encompasses 275 claims spanning 15,907 ha of prospective lithium acreage, up 44% on the previous holding. A drilling program set to commence comprising 26 drill holes for 4,200m aims to expand the lithium mineralisation following previous diamond core drilling and complete a