Authier Lithium Term Sheet Extension
Brisbane, June 24, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) ("Sayona" or the "Company") is pleased to announce an extension of three weeks (until the 21 July 2016) to complete the Authier lithium acquisition In Canada, announced on the 3 May 2016.
The Company is actively working through a due diligence program covering all the legal and technical aspects of the proposed acquisition, and the work is nearing completion.
The Company has also commenced preliminary discussions with prospective financiers in regard to funding the acquisition, and has been encouraged by the response regarding the level and types of funding that could be available. Financing will be completed once all the required shareholder and regulatory approvals are completed.
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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