Sayona Mining Limited (ASX: SYA) has achieved a major accomplishment in producing the first spodumene (lithium) concentrate at their primary North American Lithium (NAL) operation situated in Québec, Canada. This achievement is an important step towards NAL's restart. Approximately 70 tonnes of lithium concentrate has been produced, and the commissioning process is progressing as planned. The first saleable concentrate is expected to be produced shortly.
The restart of NAL is progressing as planned and under budget, which is noteworthy given the rising demand for the key battery metal from North America's rapidly expanding EV and battery industry. NAL is expected to become the most significant source of hard rock lithium production in North America, contributing to the development of a local battery sector in Quebec, from mining to manufacturing.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.