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nine_inch_nerd 12 december 2022 22:46

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Sayona Mining and Piedmont Lithium get final permit to restart NAL operation
December 12, 2022
smallcaps.com.au/sayona-mining-piedmo...

First spodumene concentrate is expected from NAL in the March quarter of next year.
Sayona Mining (ASX: SYA) and joint venture partner Piedmont Lithium (ASX: PLL) have locked-in the final permit required to restart the North American Lithium (NAL) mine and concentrator in Quebec, with first spodumene production expected early next year.

Sayona owns 75% of NAL via joint venture subsidiary Sayona Quebec, while Piedmont holds the remaining 25% plus a 15% stake in Sayona.

According to the joint venture parties, the final permit was among more than 130 approvals required to resume mining and processing at NAL from provincial and federal authorities.

Sayona Quebec chief executive officer Guy Laliberte said the company has worked to quickly restart the NAL complex since acquiring it in August 2021.

“Global demand for lithium is increasing weekly and it is essential that NAL goes into production to help satisfy this demand,” he added.

NAL complex

Since the NAL complex was acquired, the equipment and facilities have been optimised.

Construction activities have ramped up at the site, with procurement 98% complete.

The mining contractor L. Fournier & Fils was mobilised to site and began operations in October.

First spodumene concentrate is expected from NAL in the first quarter of next year.

Initial output will comprise about 220,000 tonnes a year of 6% spodumene concentrate – equating to about 30,000tpa of lithium carbonate equivalent.

Lithium carbonate pre-feasibility study

A pre-feasibility study into producing lithium carbonate or hydroxide from NAL spodumene was launched in October.

Hatch is completing the study, which is expected to be completed in March.

Mr Lynch said the study will provide “valuable intelligence” on future planned downstream processing.

He said moving downstream has always been the plan to “enable a significant increase in profitability”.

Piedmont strategy

As well its joint venture with Sayona, Piedmont also plans to generate its own spodumene and lithium hydroxide products from its own Carolina and Tennessee projects in the United States.

At Tennessee, Piedmont plans to produce 30,000tpa of lithium hydroxide at a plant in Etowah. A preliminary economic assessment gave the project a $2.2 billion after tax net present value and is expected to be the largest lithium hydroxide plant in the US.

Over in North Carolina, Piedmont is developing an integrated mining and lithium hydroxide operation. The company plans to produce 30,000tpa of lithium hydroxide at Carolina and the project has a net present value (NPV) of $2.8 billion.

Piedmont is also earning a 50% interest in Atlantic Lithium’s Ghana lithium portfolio, including the flagship Ewoyaa project.

nine_inch_nerd 14 december 2022 08:55

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CHANGE OF LEADERSHIP AT HEAD OF SAYONA IN QUÉBEC
wcsecure.weblink.com.au/pdf/SYA/02612...

Brisbane, Dec 14, 2022 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) has appointed Mr Guy Belleau as CEO of its Quebec subsidiary Sayona Inc, effective as of 1 January 2023. Mr Guy Laliberte will pass the torch to him after having guided Sayona with great care over the past years. Mr Laliberte will now act as a strategic advisor to Mr Brett Lynch, General Manager and CEO of Sayona Mining.

Guy Laliberte

Since joining Sayona in 2019, Mr Laliberte has presided over a major expansion of the Company's footprint in Quebec, overseeing the acquisition and restart of the NAL operation, the acquisition of the Moblan and Lac-Albert projects, and the development of Sayona's two lithium clusters in Abitibi-Temiscamingue and Eeyou Istchee Baie-James.

Under his leadership, Sayona has become one of the most proactive companies in the North American lithium industry and is committed to making its projects a source of pride for communities and Quebec. Mr Laliberte has also been able to give a prominent place to First Nations and local host communities within Sayona's projects.

Sayona now owns the largest share of lithium resources in Quebec and Canada and intends to develop them in accordance with the principles of sustainable development. Mr Laliberte's contribution to the Quebec and Canadian lithium sectors has been immense and Sayona wishes to highlight his contribution to the industry during his great career. The Company thanks him for his contribution and leadership and looks forward to his continued guidance.

Sayona's Managing Director, Brett Lynch commented: "Over the past few years, Guy Laliberte has supported me tirelessly and it is his insights and knowledge of the mining industry that has allowed Sayona to become a leader in North America. Guy has demonstrated his understanding, vision, passion and unique skills in developing, with private industry and government, a sustainable lithium industry in Quebec and Canada that will replace Asian suppliers in the supply of the North American market.

"I am privileged that he has agreed to continue to team up with me as he will now support me as a strategic advisor. He will be able to focus on this mission with Sayona to realise the dream of a world-class critical minerals industry in Quebec. At Sayona, we are proud to support him in his quest. Vive le Quebec! Vive Guy Laliberte!"

"Now Sayona is fortunate to have a senior executive of Guy Belleau's stature and experience to continue to grow. The future looks bright for our organisation," Mr Lynch added.

Since his arrival at the head of Sayona in Quebec, Guy Laliberte has progressed the development of equal relationships with the First Nations, with the Abitibiwinni First Nation of Pikogan, a privileged partner of the organisation.

"We salute the work of Guy Laliberte over the past few years. Through him, our relationship with Sayona has been respectful and transparent, allowing us to develop a promising partnership for our Nation. Thank you Guy," said Monik Kistabish, Grand Chief of the Abitibiwinni First Nation of Pikogan.

Guy Belleau

Mr Belleau joined Sayona this year as Abitibi-Temiscamingue Hub President. An engineer by training, he has more than 30 years' experience in the mining industry, having held strategic positions in some of the largest mining companies in Quebec and Canada.

These include serving as Chief Operating Officer for ArcelorMittal Mines Canada, General Manager of Mining for Falco Resources, and General Manager of Mining for Goldcorp's Eleonore mine, where he oversaw all stages of exploration, construction and operation.

He has also served on the Board of Directors of the Quebec Mining Association and until recently served as Chairman of the Board of Directors of the National Institute of Mining of Quebec since 2018. "Sayona is in excellent hands in Quebec thanks to Guy Belleau. His dynamism, his knowledge of the mining sector and host communities and his expertise allow us to look forward to the future with full confidence.

The transition plan led by Mr Laliberte has allowed the recruitment of Mr. Belleau and, today, entrusting him with the future of Sayona's projects in Quebec is a natural move. Our team is even stronger because of this decision," concluded Mr Lynch.

Mr Belleau will continue to execute the strategy and business plan that has positioned Sayona as a North American leader in the energy transition.

Mr Laliberte and Mr Belleau will work closely together to ensure a smooth transition.

*To view a photograph of Mr Laliberte and Mr Belleau, please visit:
abnnewswire.net/lnk/UT2V12D7

nine_inch_nerd 17 december 2022 10:58

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Dewatering and stripping are currently underway at NAL
Watch the Video (in French)
Operations restart in few months...
twitter.com/JasonInAU/status/16038425...

nine_inch_nerd 19 december 2022 14:58

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Jourdan Secures $4 Million Firm Commitment and $6 Million Option from North American Lithium to Explore Vallée Lithium Project
finance.yahoo.com/news/jourdan-secure...

nine_inch_nerd 20 december 2022 10:32

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Sayona Mining Limited has lodged the following announcement with the ASX:
"NAL Restart Advances Towards Target"

wcsecure.weblink.com.au/pdf/SYA/02614...

Highlights

• Restart of North American Lithium (NAL) operation further progresses towards target, with procurement and permitting completed

• Construction ramping up, including installation of Apron Feeder and Derrick screens, with contracts awarded for all critical installation items, including Belt Filter

• NAL operation on track for restart of production in Q1 2023, cementing Québec’s position as North America’s key supplier of essential battery minerals.

Emerging lithium producer Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) is on target for the recommencement of production at its flagship North American Lithium (NAL) operation in Q1 2023, with procurement, permitting and construction activities continuing to advance.

Procurement was 99% completed as at the end of November, with nearly all major procurement items received at site. Contracts have been awarded for all critical installation items, including the Belt Filter, while the installation of key items such as the Apron Feeder and Derrick screens has been completed.

Significantly, all environmental approvals have now been received following the recent award of the final permit (refer ASX release 12 December 2022), significantly de-risking NAL’s restart.

Commitments to end November totalled C$47.3 million versus planned commitments of C$48.4 million, with potential cost savings being investigated. Only one lost-time incident has been reported to date, a slippage due to snow, with Sayona re-emphasising its Zero-Tolerance policy regarding safety.

Mining contractors, Québec-based L. Fournier & Fils commenced operations in October, with work progressing. Currently there are approximately 100 workers on-site, with Sayona having recruited a number of senior personnel recently (refer ASX release 24 November 2022), including appointing Guy Belleau as the new CEO of Sayona’s Québec subsidiary. Sayona’s approach to hiring is based on diversity and inclusion, with 31% female workers on-site.

Mining operations are also ramping up. Contractor mobilisation has reached 90%, with four excavators, 10 mining trucks and three drill rigs in operation together with other support and service equipment, using 32 operators per shift.

Sayona’s Managing Director, Brett Lynch commented: “Time is of the essence to get into production at NAL and I’m pleased with the progress made to date, with the operation on track for production of the first saleable spodumene (lithium) concentrate in Q1 2023.

“Our planned expansion at NAL, together with the growth of our northern lithium hub centred on the Moblan Lithium Project, have positioned Sayona well for 2023 as we work to cement Québec’s position as North America’s key supplier of essential battery minerals for the clean energy revolution.”

nine_inch_nerd 4 januari 2023 21:47

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www.lapresse.ca/affaires/entreprises/...

Strategies Sayona is on its way to becoming the leading North American lithium producer
ANDRÉ DUBUC THE PRESS Published at 8:00 am

PHOTO OLIVIER PONTBRIAND, ARCHIVES LA PRESSE
A subsidiary of Sayona Mining, Australia, Sayona will operate the North America Lithium Complex (LAN) mine in La Corne, Abitibi, in the first quarter of 2023.
Leading a business is above all a matter of strategy. Leaders reveal some elements of their match plan and vision.

Quebec is in the process of welcoming the only producer of lithium concentrate in North America. It is an unknown company, Sayona, who owns it.

A subsidiary of Sayona Mining, Australia, Sayona will operate the North America Lithium Complex (LAN) mine in La Corne, Abitibi, in the first quarter of 2023.

The company has just obtained the last of the 130 permits required to start production. Mining already employs more than 100 people in the field. When the mine opens in a few months, they will be between 150 and 200 workers.

It is in fact a revival of the exploitation of a deposit for which previous attempts have failed.

The mine will indeed be in its third life since the early 2010s. It was operated under the name of Quebec Lithium (2012-2014) and then North American Lithium (2016-2019). The latter belonged to the Chinese Jien International and CATL.

Preferred by Investissement Québec, Sayona (75%) and its American partner Piedmont Lithium (25%) bought the assets of North American Lithium (NAL) as part of a legal process on August 1, 2021. NAL had previously placed itself under the protection of the Law on arrangements with the creditors of the companies.

Since then, Sayona has invested 350 million in Quebec in the acquisition of various mining properties and in the relaunch of LAN.

Why will Sayona succeed?

"First, the founders of Sayona are mining operators who have already successfully completed a similar project in Australia called Altura," replied Guy Laliberté, Sayona's strategic advisor, when La Presse asked him the question. " Secondly, we will also use the Authier deposit, of better quality, with less iron, to feed the La Corne concentrator. ”

The former project manager for ArcelorMittal and SNC-Lavalin also says that the automotive industry in 2022 is more ready to take the electric turn than in 2014. M. Laliberté is at its fourth mine project after those of the land of Baffin, Sierra Leone and Liberia.

A leading lithium producer in North America

The meeting took place at Sayona's headquarters in downtown Montreal. Since almost all of Sayona Mining's assets are in Quebec, the Montreal office looks like a head office. The boss of the Australian parent company, Brett Lynch, was in Montreal at the time of our visit.

In the immediate future, Sayona Mining is surfing the lithium price wave. The price of spodumène, a kind of lithium flour, rose from $800 per ton in 2017 to more than $5,000 US this year, propelled by the popularity of electric vehicles worldwide.

Three years ago, Sayona was worth 10 million on the Stock Exchange. This month, we are worth a little less than 2 billion.

Guy Laliberté, Sayona's strategic advisor

If Sayona were registered with the Toronto prosecutor's office, it would have a higher market capitalization than Laurentian Bank or Champion Iron, operator of the Bloom Lake iron mine, near Fermont.

Since 2019, Sayona has been developing around two poles: the Abitibi pole and the James Bay pole. According to Mr. Laliberté, Sayona owns 35% of lithium resources in North America with more than 100 million tons.

Abitibi Pole

The pole revolves around the La Corne hub, whose restart required an investment of 100 million. The equipment makes it possible to treat ore containing about 1% lithium to produce a 6% lithium concentrate, also called spodumène. The ore will also come from the Authier deposit, near Amos. The annual production capacity will reach 226,000 tons of concentrate.

"Sayona has recovered a most equipped industrial project in Quebec, since previous owners had set up a factory that goes as far as lithium carbonate facilities," says geology professor Michel Jébrak, co-author of the bookLithium objective: succeeding in the energy transition. He visited the La Corne deposit last October.

Lithium carbonate serves as an input for the manufacture of cathodes, one of the two poles of the lithium-ion battery used in electric vehicles. Lithium hydroxide plays the same role for luxury vehicles.

"We are thinking of continuing the carbonate sector. The feasibility studies by Hatch are in progress, "says Mr. Laliberté. Unlike the Chinese, Quebec has the advantage of being able to transform lithium with clean energy.

If the study is conclusive, the goal is to produce 23,000 tons of carbonate, potentially in 2026. The project will require funds of 300 to 350 million. The carbonate is selling these days at $40,000 per ton.

James Bay Pole

At the same time, a subsidiary, named Sayona Nord, owns the Lac-Albert deposit 100% and, since May 2021, 75% of the Moblan deposit. The other 25% tranche belongs to the provincial government through Investissement Québec.

It is considered to install a hub on the Moblan site. "We could thus make hydroxide from the quantities we will get out of the Moblan concentrator," says Mr. Laliberté.

The Moblan hub could cost between 400 and 500 million. The potential is to produce 100,000 tons of lithium hydroxide from 2027, a quantity corresponding to the needs of Tesla or Ford in a year. Hydroxide sells at US$50,000 per ton.

By 2030, Sayona has identified projects worth 2.7 billion. Investissement Québec will be a partner of choice for the continuation of its second lithium transformation projects, says Mr. Laliberté.

Forces

- Experienced mining operator

– carbonate installations already half completed in La Corne

- Its partner, Piedmont Lithium, is integrated into the North American automotive production chain.

Weaknesses

- Size of the company all modest

- Little expertise to transform spodumene into carbonate and hydroxide

- Considerable financial needs by 2030

nine_inch_nerd 14 januari 2023 10:00

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Japans bezoek (Premier Japan) in Canada en veel transitiebedrijven willen natuurlijk kennismaken en zaken doen.

Ook Sayona:

WOW!!! Guy Laliberté was at lunch with Prime Ministers of Japan & Canada
What a privilege and honour. Well done, Sayona!

twitter.com/JasonInAU/status/16139980...

nine_inch_nerd 16 januari 2023 07:45

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16 January 2023

cdn-api.markitdigital.com/apiman-gate...

Sayona Mining Limited has lodged the following announcement with the ASX:
"NAL Restart Accelerates Towards Target"

Highlights

• Progress towards concentrator restart nears 90%, with work continuing during year-end holidays at North American Lithium (NAL) operation in Québec, Canada

• All critical equipment received; no recordable injuries or environmental-related incidents reported during the reporting period

• Significant progress towards first spodumene (lithium) production in Q1 2023, amid continued demand growth from EV and battery sector in North America.

Emerging lithium producer Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) has pushed ahead towards the recommencement of production in Q1 2023 at its flagship North American Lithium (NAL) operation in Québec, Canada, with work continuing during the Christmas holiday period to ensure deadlines are met.

Progress towards the concentrator restart neared nearly 90% by the end of December for engineering and construction, with all critical equipment received, including the Vacuum pump and WHIMS Rectifier- Reducer. Installation of the LIMS was completed, together with the third ore sorter and other key items.

Up to 50 workers from selected contractors continued working during the Christmas holidays to maximise progress. Importantly, there were no recordable injuries during the period, reflecting Sayona’s focus on maintaining a Zero-Tolerance policy regarding safety.

Pre-operational verifications and operational readiness continues to progress, including training and process operational support, with 75% of electrical and mechanical inspections completed.

As previously reported, all environmental approvals have been received (refer ASX release 12 December 2022), significantly de-risking NAL’s restart. No environmental-related incidents were reported during the period, reflecting Sayona’s focus on maintaining the highest environmental standards.

Commitments to end December totalled C$49 million versus planned commitments of C$49.3 million, with potential cost savings being further investigated. All equipment required for the restart has been procured, with all major procurement packages received at site.

NAL’s advances towards the production of locally sourced lithium in Québec in 2023 follow continued demand growth from electric vehicles (EVs) in North America. In the United States, EV sales nearly doubled from 2021 to 2022, while Canada is targeting 60% of all vehicle sales to be electric by 2030.

Almost US$300 billion of investment in new lithium-ion battery gigafactories has now been announced, including US$131 billion in 2022, up 24% on the prior year, according to analysts Benchmark Minerals Intelligence.

Sayona’s Managing Director, Brett Lynch commented: “Sayona continues to advance towards the restart of production at NAL this quarter, and I congratulate the project team for pushing through the holiday period to ensure targets are met. This is particularly noteworthy given widely publicised global supply chain issues and cost pressures, with our team working hard to mitigate any potential issues.

“We now plan on releasing bimonthly updates on the NAL restart as we accelerate closer towards production.

“With demand from North America’s EV and battery sector continuing to increase, NAL’s outlook is excellent, putting Québec in a highly strategic position as a clean and green, economical and stable supplier of this vital battery mineral.”

En andere berichtgevingen hierover...:

Piedmont and Sayona close-in on first spodumene from North American Lithium joint venture
smallcaps.com.au/piedmont-sayona-clos...

The 10 most-tipped small-cap stocks for 2023
www.livewiremarkets.com/wires/the-10-...

nine_inch_nerd 20 januari 2023 07:52

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www.journaldequebec.com/2023/01/15/fi...

Battery sector: Abitibi wants its lithium to be transformed at home

Elected officials of Abitibi-Témiscamingue are determined to do everything to ensure that their region is more than just a supplier of raw material for the battery sector that is on wind with the current energy transition.

By spring, the Sayona mining company, located in La Corne, about forty kilometers from Val-d'Or, is expected to make the first commercial deliveries of lithium extracted from Quebec soil. The company, a subsidiary of the Australian company of the same name, acquired the La Corne facilities in August 2021, committing to the Government of Quebec to revive the production of lithium, a central element in the manufacture of batteries for electric vehicles.

"We have the deposits, now the fallout must be at home," pleads Sébastien d'Astous, mayor of Amos and prefect of the MRC Abitibi, with reference to the deposits of Sayona in La Motte and La Corne, two municipalities of his MRC.

The trained metallurgist would like efforts to attract battery component manufacturers to the region, in his words, "integrate the lithium sector from A to Z".

"We already know that Sayona has the will to make lithium carbonate [at the La Corne factory]. After that, [we must] succeed in making parts of batteries and tentacle as far as possible in the process, "he believes.

The lithium carbonate referred to by Mr. D'Astous is a product obtained by chemical treatment of spodumen, the lithium concentrate from a first treatment of the ore extracted from the soil. Sayona is determined to be able to carry out this second transformation at home, in La Corne, but wants to go there in stages.

"We are creating an important lithium pole there, which has significant attractive potential. However, we focus first and foremost on our own operations, namely the resumption of [spodumen] production at [the La Corne plant] and studies related to the second transformation, "said Sayona's Quebec CEO Guy Belleau in an email.

The federal deputy for Abitibi-Témiscamingue, Sébastien Lemire, of the Bloc Québécois, is also one of those for whom the presence of critical and strategic minerals and mining know-how in the region are incredible opportunities to position it in the race for transport electrification.

"We have an opportunity for exchanges between Quebec, Canada, China, Korea, in the context where there is a lot of effervescence," Lemire told us, referring to a recent trade mission in Asia with the Minister of Innovation, Science and Industry, François-Philippe Champagne, during which he was able to measure the appetite for economies highly dependent on Chinese supply for the maintenance of their

"The wish I have is to create a pole of excellence in critical and strategic minerals in Abitibi-Témiscamingue," added the deputy. This may be the economic opportunity of the century. And it will be done very quickly, so if we pass by as a region, we are done!"

Michel Lévesque, the mayor of La Corne, remains cautious, having in mind the two unsuccessful attempts to restart the factory over the last decade.

"It looks good, they look serious and they are well equipped," notes the elected official. It's always good to have a company that turns to your municipality. If they did the second transformation, if they built another factory, it would certainly be good for us."

Meanwhile, Sayona's business plan is progressing, including a lithium supply contract concluded by its American partner Piedmont with the car manufacturer Tesla.

Guy Belleau, of Sayona, is delighted that local lithium can be used for "electric mobility" in the short term, but sees further.

"I think we will be even more proud when we transform lithium here into Abitibi-Témiscamingue," he says. Carbonate production [from the second ore processing] represents the best avenue for Sayona and Quebec to quickly take their place in the global electric battery sector. There is a real opportunity to seize now and Sayona wants to be among the world leaders."

nine_inch_nerd 20 januari 2023 11:23

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Ambities genoeg. We moeten het nog zien.

CEO of Sayona in Quebec, Guy Belleau.
“Carbonate production is the best avenue for Sayona and Quebec to quickly take their place in the global electric battery industry. There is a real opportunity to be seized now and Sayona wants to become a world leader.”
twitter.com/KarstenKnoblau1/status/16...

nine_inch_nerd 20 januari 2023 13:23

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The lithium from here is now!

En lire plus: www.lelezard.com/communique-20742906....

LA MOTTE, QC, Jan 19, 2023 /CNW Telbec/ - A few weeks before the start of production at the Lithium Complex North America (LAN), Guy Belleau, CEO of Sayona, unveiled his vision and directions for the coming year. As soon as production operations began, Sayona will fully play its role as the North American leader in the lithium industry, making Abitibi-Témiscamingue a hub for the energy transition in transport. As mining operations intensify and preparatory work for the LAN Complex is completed for the start of production, the time has now come to establish the directions that will guide Sayona and her employees over the next year. Sayona maintains its desire to make lithium by a second transformation in Quebec. A pre-feasibility study is underway for the carbonate sector and results are expected for the end of the first quarter of 2023. "The year 2023 will be remarkable in all respects for Sayona and for Quebec as a whole, while the first tons of lithium spodumen will be produced at our LAN Complex. The enthusiasm and pride of finally producing lithium here will be transposed to all our projects and will propel us to achieve our ambitious goals for all of Quebec. The moment will be historic! It is here in Quebec, in Abitibi-Témiscamingue, that the only lithium producer in North America will operate, "said Guy Belleau, CEO of Sayona. Health and Safety Health and safety is the main pillar of Sayona's culture. The focus is to ensure that our teams perform in a safe, motivating and engaging environment for our workers. The priority is to ensure the quality of the implementation of our health and safety programs, processes and training. The management team is committed to putting all efforts and resources in place to ensure the development of its health and safety culture in its flagship site of the LAN Complex but also in all future projects of the organization. "The message is clear. Our priority is our colleagues and it is our responsibility to ensure that everything is in place for the safety of our teams, "said Guy Belleau. ENVIRONMENT Sayona has made a commitment to act with respect for the environment by limiting the impact of its activities on the environment. For example, at the LAN Complex, Sayona has significantly improved equipment and facilities to ensure successful production optimization, while meeting the highest environmental standards. Last November, the company completed obtaining the 130 permits necessary to resume mining activities from provincial and federal government authorities, including the Department of the Environment, Climate Change, Wildlife and Parks (MELCCFP), the Ministry of Natural Resources and Forests (MRNF) and the Ministry of Fisheries and Oceans (MPO). In all its projects, Sayona is committed to respecting the highest environmental standards. Community Relations with communities are another of Sayona's major commitments for 2023. Already, the company supports several organizations in various sectors in the realization of promising projects for their communities. In addition, monitoring committees of the LAN Complex and the Authier Lithium Project have been set up to ensure a harmonious coexistence between the projects and their host environments. These committees aim to bring together expertise and knowledge at the same table in a structured dialogue, always with the continuous improvement of projects for local communities in mind. Particular attention is paid to relations with First Nations. Indeed, Sayona's approach is to co-create structuring projects in partnership with communities. Sayona builds her projects with and for local communities. As proof, 90% of jobs are filled by citizens of Abitibi-Témiscamingue, 33% of whom are women. Similarly, since January 1, 2022, more than $40 million has been invested with Abitibi-Témiscamingue suppliers to date. The development of the North American Lithium Complex is here and now Finally, Sayona launched a campaign with its employees leading to the start of the operations of the LAN Complex. This campaign aims to create even greater momentum and cohesion, inspire teamwork and generate pride for this project that will have a direct impact on the energy transition. About Sayona Sayona is a company dedicated to the exploration and development of lithium deposits, the raw material involved in the manufacture of electric batteries. The company develops various projects, almost all located in Quebec. In particular, it owns the North American Lithium complex, which will go into production in the spring of 2023. The complex will become a centerpiece of the lithium pole that she wishes to implant in Abitibi-Témiscamingue. In this regard, Sayona owns the Authier and Tansim deposits. Sayona also owns 60% of the Moblan project and 100% of the Lac-Albert project, both located on the territory of Eeyou Istchee Baie-James. The company is a subsidiary of Sayona Mining Limited, which is listed on the stock exchange on the Australian Securities Exchange. Thanks to a market value of around $2 billion, it has entered the S&P/ASX200, which includes the 200 companies with Australia's largest market capitalization. SOURCE Sayona Inc.

nine_inch_nerd 22 januari 2023 10:16

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Will Sayona Mining turn a profit in 2023?
Brooke CooperJanuary 13, 11:46 am AEDT
www.fool.com.au/2023/01/13/will-sayon...

This year is shaping up to be transformative for Sayona Mining Ltd (ASX: SYA).

The lithium up-and-comer expects to restart production at its flagship North American Lithium (NAL) project this quarter. That should see the company with saleable spodumene concentrate in its hands.

No doubt, then, many market watchers might be hopeful the company’s bottom line could end in the green this year. However, there’s likely more to its journey to profitability.

The Sayona share price is currently 23 cents, 62% higher than it was this time last year.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen around 3% over the last 12 months.

Let’s take a closer look at what 2023 might bring for the ASX 200 lithium share and when investors might expect it to become profitable.

What might 2023 hold for Sayona Mining?

Fans of Sayona Mining may be excited about the company’s plan to kick off production at the NAL operation in the coming weeks.

It boasts a 75% holding in the operation, with the other 25% owned by Piedmont Lithium Inc (ASX: PLL).

The restarting of the NAL operation will see an offtake agreement with Piedmont come into play, entitling it to snap up the greater of 113,000 tonnes of spodumene concentrate or 50% of the operation’s production.

Indeed, Sayona’s first revenue will likely occur this year. Though, there’s more to profitability than a revenue stream. Let’s dive into the company’s balance sheet.

Breaking down the ASX 200 lithium company’s balance sheet

Sayona Mining’s net cash flow came to a $25.6 million loss in the September quarter. Of that, $5.1 million went towards exploration and evaluation, while $15.5 million was spent on development activities.

Sayona Mining is developing its 60%-owned Moblan Lithium Project and its Authier Lithium Project. It’s also exploring a recently acquired parcel of claims to the west of Moblan.

On top of that, it boasts lithium, gold, and graphite projects in Western Australia. Though, the majority of its Australian lithium assets are subject to earn-in agreements.

All that exploration activity, as well as upgrades to the NAL operation (tipped to cost around $100 million), mean the company’s expenses are relatively notable.

It ended the September quarter with $159.2 million of cash and equivalents. The company previously said it had enough cash to fund it through to the end of this financial year.

After that, it will likely need extra cash to move to the downstream processing of spodumene to lithium carbonate and hydroxide.

When might Sayona Mining post a profit?

With all that in mind, while it’s possible Sayona Mining could reveal a profit this year, I won’t be surprised if it doesn’t.

However, the company is planning to bring its Abitibi hub – comprising the NAL operation and the Authier Lithium Project – into production over this year and next.

The hub is expected to produce up to 220 kilotons of spodumene 6%, or 30 kilotons of lithium carbonate equivalent.

The milestone could produce “sustainable cash flows”, putting Sayona “on a fast track to go downstream into value-added lithium carbonate or hydroxide production”, the company said in its latest quarterly update.

Meanwhile, production at Moblan is tipped for 2025 to 2026, and the company is planning to continue expanding its production capabilities into 2027 and beyond.

nine_inch_nerd 22 januari 2023 17:11

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Sayona website a must check out.
De Canadese versie, he.

www.sayona.ca

nine_inch_nerd 23 januari 2023 11:39

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Sayona genoemd.
ASX off to the best start in at least 30 years
www.afr.com/markets/equity-markets/au...

nine_inch_nerd 23 januari 2023 11:52

0

I like LAC and Patriot, but Thacker Pass is hitting resistance. I’m looking at SayonaMining and PiedmontLithium being the largest in North America. There’s a lot of big companies; see largest shareholders and production starts this quarter. Just my humble opinion. Please DYOD.
twitter.com/ibradhamilton/status/1617...

nine_inch_nerd 23 januari 2023 11:54

1

Piedmont Lithium welcomes strong progress by partner Sayona toward NAL restart this quarter
www.proactiveinvestors.com.au/compani...

nine_inch_nerd 23 januari 2023 22:36

1

LAN in La Corne: growth expected in 2023
www.lecitoyenrouynlasarre.com/article...

nine_inch_nerd 30 januari 2023 22:15

0

Diverse miners doen mee: ook Sayona!
All star card flying into Singapore for Tribeca-backed Future Facing Commodities Forum
stockhead.com.au/resources/all-star-c...

nine_inch_nerd 1 februari 2023 09:43

1

Sayona and Piedmont complete trial ore feed at North American Lithium project
February 1, 2023

smallcaps.com.au/sayona-piedmont-comp...

Sayona Mining Piedmont Lithium ASX SYA PLL trial ore feed North American Lithium project
Emerging producer Sayona Mining (ASX: SYA) has completed a trial feed of ore into the crushing plant at its flagship North American Lithium (NAL) operation in Canada.

The trial represents the latest milestone achieved in the restart of lithium production at the site.

Earlier this month, the company fed 400 tonnes of spodumene ore into the plant as part of the concentrator commissioning process, with automation, electrical and mechanical circuits checked and tested by pre-operational verification teams.

The crushing area comprises a primary jaw crusher, secondary crusher and tertiary crusher, in addition to conveying equipment.

Joint venture project

NAL is owned by joint venture partners Sayona Mining (with 75% equity through its subsidiary Sayona Quebec) and Piedmont Lithium (ASX: PLL) (25% equity plus a 15% stake in Sayona).

Earlier this month, the joint venture announced it had made “significant progress” towards producing first spodumene before the end of the current quarter.

Initial output from NAL will be around 220,000 tonnes a year of 6% spodumene concentrate, equating to about 30,000tpa of lithium carbonate equivalent.

Team acknowledgement

Sayona managing director Brett Lynch acknowledged the NAL project team on the feed trial achievement.

“This is another significant milestone as we advance this restart closer to first production,” he said.

“Our key project milestones are on track and I look forward to seeing the first saleable concentrate at the plant, as we move towards becoming North American’s leading lithium producer.”

Mr Lynch said engineering and construction for the concentrator had reached nearly 90% by the end of December, with all critical equipment received together with the environmental approvals.

Domestic demand

Production of a North American source of lithium is expected to meet mounting domestic demand and Mr Lynch said the joint venture was positioned to play a major role as an industry leader.

“Global demand for lithium is increasing weekly and it is essential that NAL goes into production to help satisfy this demand,” he said.

Lithium is an essential mineral for the production of lithium ion batteries to power electric vehicles and renewable energies.

nine_inch_nerd 10 februari 2023 08:08

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"Hidden Gems" webinar 10 feb 2023
Dougal Elder - Finance Manager - Sayona Mining is an emerging leader in the supply of lithium for North America’s electrification.
youtu.be/A3W-Zj2s0oI

AEX 876,16 +2,14 +0,24% 11:45


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