Join our daily newsletter At The Bell to receive exclusive market insights
- Sayona Mining (SYA) pushes towards recommencing production this quarter at its flagship North American Lithium (NAL) operation in Québec, Canada
- The concentrator restart edged towards 90 per cent completion at the end of December for engineering and construction, with all critical equipment now received
- Pre‐operational verifications and operational readiness continues to progress, with 75 per cent of electrical and mechanical inspections completed
- Shares in Sayona Mining are down 1.09 per cent, trading at 22.8 cents at 3:45 pm AEDT
Sayona Mining (SYA) has inched closer to recommencing production this quarter at its flagship North American Lithium (NAL) operation in Québec, Canada.
Up to 50 workers from selected contractors continued their efforts during the Christmas holiday period in a bid to ensure deadlines were met.
The company said the concentrator’s restart edged towards 90 per cent completion by the end of December for engineering and construction, with all critical equipment received.
Sayona told investors its pre‐operational verifications and operational readiness is continuing to progress, including training and process operational support, with 75 per cent of electrical and mechanical inspections now finalised.
Managing Director Brett Lynch said the company plans to release bimonthly updates on the NAL restart as it 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,” Mr Lynch said.
“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.”
All equipment required for the restart has now been procured, with all major procurement packages received at site.
Shares in Sayona Mining were down 1.09 per cent, trading at 22.8 cents at 3:45 pm AEDT.
