SAYONA MINING Pathway to success
NORTH AMERICAN LITHIUM PRODUCTION 2023
17 September 2019
SAYONA EXPRESSES INTEREST TO BID FOR NORTH AMERICAN LITHIUM
Source: ASX PDF
Sayona plans to participate in bidding for North American Lithium (NAL) mine in Québec, Canada
24 February 2020
SAYONA SUBMITS BID FOR NORTH AMERICAN LITHIUM
11 May 2020
Source: ASX PDF
Sayona submits bid for North American Lithium (NAL) as per deadline. Sayonaconfident of achieving successful turnaround at NAL, backed by world‐class team and advantage of combining NAL with Sayona’s Authier Lithium Project to boost plant performance.
BID DEADLINE EXTENDED FOR NORTH AMERICAN LITHIUM
Source: Source: ASX PDF
TMonitor extends bid deadline for North American Lithium (NAL) to 15 June 2020 • Sayona confident of successful bid based on world‐class bid support team and advantage of combining NAL with Authier Lithium Project to achieve a sustainable and profitable operation.
16 June 2020
SAYONA’S MOMENTUM BUILDS AS BIDDING PROCESS EXTENDED FOR NAL
2 July 2020
SAYONA STRENGTHENS NAL BID AS EVERCORE JOINS ADVISORY TEAM
Source: Source: ASX PDF
Bidding process extended for North American Lithium (NAL); Sayona confident of successful bid based on world‐class support team and unique competitive advantages
Source: Source: ASX PDF
Global independent investment banking advisory firm, Evercore Group LLC joins Sayona’s world‐ class advisory team for North American Lithium (NAL) bid. Move comes amid ongoing transformation of Québec lithium sector, with government investment arm, Investissement Québec, appointing world‐leading lithium‐ion battery researcher and with reported “Green Plan 2030” to support battery industry, including lithium mining.
3 August 2020
AMID NEMASKA LITHIUM RESTRUCTURING, MONITOR EXTENDS BID DEADLINE FOR NAL
4 November 2020
NAL BIDDING PROCESS RELAUNCHED, CLOSING JANUARY 2021
Source: Source: ASX PDF
Québec lithium industry restructure picking up speed, with foreign investors seen spearheading turnaround • Amid Nemaska Lithium restructuring, monitor extends bid deadline for North American Lithium (NAL) to end August, in line with expected closure of Nemaska Lithium bidding process
Source: Source: ASX PDF
Québec’s Superior Court approves monitor’s request to extend North American Lithium (NAL) bidding process to closing date of 22 January 2021; bidding process relaunched with all interested parties including Sayona to resubmit bids • Sayona confident of successful bid, backed by world‐class advisory team and turnaround plan based on integrating NAL with the Company’s flagship Authier Lithium Project to significantly improve plant performance and economics.
27 May 2021
SAYONA ACQUISITION BID
FOR NAL TO BE SUBMITTED FOR COURT
APPROVAL
11 January 2021
PIEDMONT LITHIUM INVESTS IN SAYONA; PARTNERSHIP TO BOOST QUÉBEC PROJECTS
Source: Source: ASX PDF
Leading U.S.‐based lithium corporation, Piedmont Lithium (ASX:PLL; Nasdaq:PLL) to invest up to US$12 million (A$15.5M) to become strategic investor and major offtake partner in Sayona, acquiring 19.9% of Sayona Mining and 25% of Sayona Québec. Binding offtake agreement for acquisition of up to 60,000 tonnes per annum (tpa) of spodumene concentrate from Sayona Québec to supply Piedmont Lithium Project in North Carolina
Source: Source: ASX PDF
Sayona Mining advancing its Québec expansion strategy after the monitor (administrator) appointed by the Court overseeing the Companies’ Creditors Arrangement Act (Canada) process of North American Lithium Inc. (NAL), further to the support confirmation from both secured creditors of NAL, has confirmed that it will support the filing of a motion with the Court for the approval of Sayona’s joint bid for NAL with Piedmont Lithium Inc. (Sayona 75%; Piedmont 25%).
28 May 2021
SAYONA QUÉBEC’S OFFER FOR
NORTH AMERICAN LITHIUM TAKES A STEP FORWARD
Source: Source: ASX PDF
The mining company takes an important step towards the acquisition of North American Lithium in order to restart lithium production.
30 June 2021
SAYONA OBTAINS COURT
APPROVAL FOR NAL
ACQUISITION
Source: Source: ASX PDF
Superior Court of Québec approves Sayona
Québec’s acquisition of North American
Lithium (NAL). Sayona to refurbish NAL facilities and integrate operation with
Authier Lithium Project to create world-scale Abitbi lithium hub. Downstream
processing planned in Québec to supply fast‐growing North American battery market
7 July 2021
TESTS CONFIRM AUTHIER
PRODUCT DELIVERS HIGH
PURITY 99.99% LITHIUM
HYDROXIDE
27 May 2022
SUCCESSFUL A$190M INSTITUTIONAL PLACEMENT TO FUND NAL RESTART AND BROADER DEVELOPMENT
INITIATIVES
Source: Source: ASX PDF
Testing shows Authier spodumene capable of being processed into high purity 99.99% lithium hydroxide Novonix Battery Technology Solutions analysing Authier
product for performance comparisons with commercial
lithium-ion batteries Sayona advancing downstream
processing in Québec to supply fast growing North
American battery market.
Source: Source: ASX PDF
Placement to global institutional, professional and sophisticated investors raises approximately A$190 million Placement bookbuild sees significant demand from
numerous high‐quality domestic and offshore institutions, providing strong endorsement of Sayona’s
growth strategy. Proceeds to primarily fund restart of North
American Lithium (NAL) operation in Québec, Canada, amid rapidly growing demand for battery metals produced in North America • Sayona well capitalised to progress development of its emerging Abitibi and Northern Hubs, hosting the largest combined spodumene resources in North America
4 August 2022
NORTH AMERICAN LITHIUM
RESTART ON TRACK FOR
FIRST PRODUCTION
28 June 2022
SAYONA & PIEDMONT FORMALLY APPROVE NAL RESTART
Source: Source: ASX PDF
Sayona Québec Inc. formally approve restart of North American Lithium (NAL) operation, with budget of approx. C$98 million. NAL on track for resumption of spodumene concentrate production in first quarter 2023, becoming
the first North American local supplier of lithium
concentrates. Sayona and Piedmont evaluating options
for downstream processing in Québec, in order to
capture further value in the fast-growing EV and
battery sector.
Source: Source: ASX PDF
Restart of North American Lithium (NAL) operation picks up speed, with around 30% of
plant and equipment upgrade now
completed, including arrival of magnetic
separator and crusher. Senior management
team in place; construction work on schedule
with 50 construction workers currently on-site,
doubling by September. Project on track to
deliver first spodumene (lithium) concentrate production in Q1 2023, in line with
Government plan to develop 100% local
battery supply chain.
NORTH AMERICAN LITHIUM PRODUCTION 2023
