Authier lithium venture. Photograph by Sayona.
Australian-listed Sayona Mining (AXE: SYA; OTC: DMNXF) has raised A$50 million ($46.7 million) via a current fairness providing. The corporate plans to make use of the online proceeds towards the acquisition of North American Lithium. The 60 million shares have been priced at A$0.075 every, and the providing was oversubscribed.
Sayona has made a bid to accumulate North American Lithium (NAL) and its Authier lithium carbonate venture in Quebec. The previous mine 60 km north of Val d’Or has confirmed and possible reserves of 17.1 million tonnes grading 0.94% lithium oxide.
