Quarterly Activities Report
Brisbane, Oct 29, 2021 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) has further expanded its lithium asset base in Quebec, Canada together with advancing its Western Australian lithium and gold projects, as highlighted by its Activities Report for the September quarter 2021.
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.
To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/X0YFGOQN
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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