Sayona Mining’s core battery technology centers on lithium extraction and processing at its North American Lithium (NAL) operation, producing high-grade spodumene concentrate with a 68% recovery rate. The NAL facility has yielded over 190,000 tons of lithium since restart, using advanced sorting and mineral processing techniques. The company is developing downstream processing to produce lithium carbonate and lithium hydroxide. Its Authier and Moblan projects employ modern extraction methods powered by Québec’s clean hydropower, with operational costs of $1,258 per dry metric ton.
High-grade spodumene concentrate for lithium-ion batteries; downstream products include lithium carbonate and lithium hydroxide; 68% lithium recovery; over 190,000 tons produced since restart.
2024 Q4: record spodumene sales of 66,000 tonnes (+34.7% QoQ) and $70 million revenue (+33% YoY); completed 53,444 m of drilling at NAL and Moblan (153 holes); announced strategic merger with Piedmont Lithium to create a leading lithium business with ~50/50 equity split.
Institutional investors include VanEck Vectors Rare Earth/Strategic Metals ETF, Vanguard Total International Stock Index Fund, and Global X Lithium & Battery Tech ETF. Corporate investors include Acuity Capital Investment Management Pty Ltd (2.2%) and State Street Global Advisors Australia (1.7%). Additionally, Piedmont Lithium holds 25% of Sayona Québec.
