Sayona Mining Share Price Surges with New CEO Appointment

Highlights:

• New CEO Appointment: Lucas Dow has been appointed as the new managing director and CEO of Sayona Mining, effective immediately, bringing extensive mining and renewable energy experience.
• Operational Success: Dow praised the successful ramp-up of the North American Lithium (NAL) operation, achieving industry-leading results in plant utilization and recovery.
• Leadership Expansion: Sylvain Collard was appointed president and COO of Sayona’s Canada operations, enhancing the company’s strategic initiatives and growth in Québec.

New Leadership for Sayona Mining

Sayona Mining Ltd (ASX: SYA) saw its share price rise following the announcement of new leadership. Shares closed at 3.4 cents yesterday and increased to 3.5 cents in morning trade today, marking a 2.9% gain.

Lucas Dow Appointed as CEO

Effective immediately, Lucas Dow has been appointed as the new managing director and CEO of the North American lithium producer. Dow joined Sayona’s board in February and is succeeding interim CEO James Brown, who will remain an executive director until January 31, 2025, to ensure a smooth transition.

Dow brings extensive executive and operational experience in mining and renewable energy. Expressing his excitement about the new role, Dow said, "I am thrilled to lead a company with such outstanding potential." He highlighted Sayona’s assets, including North American Lithium (NAL) and Moblan, which he believes will drive the company’s future success.

Successful NAL Ramp-Up

Dow commended the operational team in Quebec for their commitment and leadership, noting the industry-leading results in plant utilization and recovery at NAL. Interim CEO James Brown expressed confidence in Dow’s leadership, stating, "We are fortunate to have secured someone with such extensive technical and corporate experience."

New Appointment in Canada Operations

Additionally, Sylvain Collard was named president and COO of Sayona’s Canada operations. Collard, who joined Sayona in 2022, specializes in mine project management for both open pit and underground mines. Brown praised Collard's extensive experience, including roles at IAMGOLD and other mining projects, and highlighted his capability to lead strategic initiatives in Québec.

Sayona Mining Share Price Snapshot

Despite today’s positive movement, Sayona Mining has faced challenges with falling lithium prices, resulting in a 79% decline in share price over the past 12 months.

For more insights and updates, keep an eye on Sayona Mining's developments and market performance.

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