- Sayona Mining (SYA) further progresses its planned restart of production at its North American Lithium (NAL) operation in Québec, Canada
- The company says procurement is 98 per cent complete and permitting is sitting at 96 per cent finalised
- Construction activities continue to ramp up, with all installation packages awarded and the installation of cone crushers complete, as well as other major equipment
- Additionally, the company has received most of the major procurement packages for the NAL restart, having committed around $1.66 million less than planned
- Sayona remains on track to restart production in the first quarter of 2023.
- Shares in Sayona are up 4.65 per cent and trading at 22.5 cents at 2:59 pm AEDT
Sayona Mining (SYA) has further progressed its planned restart of production at its North American Lithium (NAL) operation in Québec, Canada.
The company said procurement was 98 per cent complete and permitting was sitting at 96 per cent finalised as of the end of October.
Further, construction activities have continued to ramp up, with all installation packages awarded and the installation completed of HP300 and HP400 cone crushers, along with other major equipment.
Sayona remains on track to restart production in the first quarter of 2023.
Managing Director Brett Lynch said with lithium demand continuing to increase and supply remaining constrained, the company was focused on achieving its targets as it built the largest lithium resource base in North America.
“NAL is progressing rapidly towards next year’s restart, and our recent move to expand NAL’s potential resource and mine production capacity will only further enhance its long‐term productivity,” Mr Lynch said.
The company had committed C$46.1 million (A$51.23 million) versus planned commitments of C$47.6 million to the restart as of the end of October, with most major procurement packages awarded and received at the site.
Mining contractor L Fournier & Fils commenced operations in October, with work underway and necessary equipment and personnel mobilised on‐site.
Currently, there are roughly 100 workers on‐site, with recent managerial hires including Communications Advisor Steven Pomerleau and Vice President of Mining Philippe Chabot.
Shares in Sayona were up 4.65 per cent and trading at 22.5 cents at 2:59 pm AEDT.