Emerging lithium producer Sayona Mining has cemented plans to get its North American spodumene production off the ground in 2023, following a formal agreement of the North American Lithium (NAL) restart programme.
Sayona Quebec, which is 75% owned by Sayona and 25% by Piedmont, has formally authorised the restart of spodumene concentrate production at the NAL operation, in Quebec, requiring significant plant and infrastructure upgrades.
The proposed upgrade and restart budget is C$98-million, or about A$110-million, which the partners will fund through cash contributions, with each having successfully completed capital raises in the first half of the year.
“We are delighted to put the seal on our plan to launch North America’s first local spodumene concentrate production, amid growing demand from both Canada and the United States for local and sustainable sources of this key battery metal,” Sayona MD Brett Lynch said on Tuesday.
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