Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Sayona Mining Announces North American Lithium Restart on Track for First Production

04 Aug 2022  |  10:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: North American Lithium Restart on Track for First Production

Sayona Mining announced that it has further advanced its planned restart of spodumene (lithium) production at the North American Lithium (NAL) operation in Quebec, with 30% of plant and equipment upgrades completed. It is on track to recommence production in Q1 2023, becoming the only local supplier in North America, after having committed around $100m to the restart. Of this, it had commitments of C$33.7m to end June 2022 compared to the planned budget of C$37.2m, as items such as classification screens installation, apron feeder, grizzly and chutes installation were completed in July 2022. The Company will issue regular monthly updates on NAL as it moves closer to restarting production.

Please click here for full details

See more ASX300 News Announcements