Sayona Mining Limited

Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) is advancing its Western Australian gold exploration, amid high Australian dollar prices for the precious metal.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) released today its activities report for the March quarter 2021, highlighting further advances at its lithium projects in Quebec, Canada together with gold exploration in Western Australia.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) has received a vote of confidence in its expansion strategy from shareholders, with the A$20.4 million one for six renounceable rights issue as announced on 25 March 2021 closing oversubscribed.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) has strengthened its project pipeline, with the Company acquiring further prospective lithium acreage at its Tansim Lithium Project in Quebec, Canada in addition to undertaking an airborne magnetic survey over gold targets in Western Australia.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) plans to conduct product trials with leading battery researcher Novonix Limited, focused on delivering a clean and green 99.97% lithium hydroxide battery suitable for North American EV makers.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) has launched a Renounceable Rights Issue to raise up to AUD$20.4 million before costs, with the funding to support the Company's growth plans in Quebec, Canada.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) has reaffirmed confidence in the lithium potential of its emerging Tansim Lithium Project, following the completion of an updated NI 43-101 Technical Report on its project located in Abitibi-Temiscamingue, Quebec.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) continues to advance its Quebec lithium projects, acquiring an additional 90 claims surrounding the emerging Tansim Lithium Project amid accelerating demand for the key battery metal.

During the period, Sayona Mining Ltd (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) acquired an additional 11 claims within the project area. In addition, the final option payment was made in December 2020 to acquire the final 50% interest in claims subject to the option agreement.

Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) announced today plans to invest in its Western Australian gold and lithium portfolio, with new exploration underway in 2021 on the back of rising prices for both key metals.