Sayona Inc. is a leading lithium exploration and production company operating in Quebec, Canada. Based in the Abitibi-Témiscamingue region and Eeyou Istchee Baie-James, the company manages several mining operations, including the Complexe Lithium Amérique du Nord in La Corne. This facility has established itself as North America’s primary producer of spodumène lithium since beginning operations in early 2023.
The company aligns with Quebec’s green economy initiatives, particularly supporting the government’s goal to electrify urban and school buses by 2030. Sayona maintains exceptional environmental standards while fostering strong community relationships and creating employment opportunities throughout Quebec. Their portfolio includes significant projects such as the Authier Project, Tansim Property, Moblan Project, and Lac-Albert Property.
Battery Technology
Sayona specializes in extracting and processing lithium from spodumene, a mineral essential for lithium-ion battery production. The company’s technical expertise spans the initial stages of the battery value chain, encompassing extraction, processing, and supply to manufacturers. Their North American Lithium Complex utilizes advanced processing methods to produce high-quality spodumène concentrate, meeting the stringent requirements of battery manufacturers.
The company’s processing capabilities include converting raw lithium materials into forms suitable for battery production. This involves sophisticated mineral processing techniques and quality control measures to ensure consistent output. Sayona’s technical approach emphasizes efficiency and sustainability, implementing modern extraction methods that minimize environmental impact while maximizing resource utilization.
Recent Projects
In December 2024, Sayona reported substantial progress at its North American Lithium project, achieving a 54% increase in ore mining, reaching 370,409 wet metric tonnes. The facility maintained 90% process plant utilization and achieved 68% lithium recovery. The company completed significant drilling programs at NAL and Moblan using Flow Through Share funding.
A notable development is the planned merger with Piedmont Lithium, expected to conclude in early 2025. This strategic combination aims to create a leading North American lithium producer, with both companies holding equal equity stakes.
Investors
Sayona’s investor base includes 19 institutional stakeholders, featuring prominent funds such as VanEck Vectors Rare Earth/Strategic Metals ETF, Vanguard Total International Stock Index Fund, and Global X Lithium & Battery Tech ETF. The company recently secured $40 million through an underwritten placement supported by institutional investors. Resource Capital Fund VIII L.P. has emerged as a cornerstone investor in the upcoming Piedmont Lithium merger.
Business Details
Location: Brisbane, Australia
Website: https://sayona.ca
LinkedIn: https://www.linkedin.com/company/11705232
