Sayona announced that it has taken another step towards resuming spodumene production at the North American Lithium Complex (LAN) in Quebec. With the successful start-up of processing operations, the company is on track to resume lithium production as early as March 2023.
Successful start of processing operations at the North American Lithium Complex
The start-up of the complex’s processing plant has been successful, with ore flowing through the entire system from crushing to sorting, grinding and separation following the completion of commissioning activities. Start-up is proceeding on time and on budget, with production of the first marketable lithium concentrate scheduled for the end of March 2023.
North America’s leading hard rock lithium producer
The restart of spodumene production at the North American Lithium Complex is an important milestone for Sayona and for Quebec, which becomes the first hard rock lithium producer in North America. The company is targeting total production of between 85,000 tons and 115,000 tons during the period from March 2023 to July 2024, with four targeted shipments in the first half of fiscal 2024.
A company in full expansion
Sayona Mining Limited, Sayona’s parent company, is a fast-growing company with a market value of approximately C$2 billion. It recently entered the S&P/ASX200, which includes the 200 largest market capitalization companies in Australia. Sayona also owns other lithium deposits in Quebec, including the Authier and Tansim deposits, as well as the Moblan and Lac-Albert projects located in the James Bay Eeyou Istchee region.
