Sayona Mining Limited (ASX: SYA; OTCQB: SYAXF) is an Australian mining company specializing in lithium development and exploration. The company maintains a substantial project portfolio across North America and Western Australia, focusing on providing essential materials for the electric vehicle and renewable energy sectors. Since its establishment, Sayona Mining has positioned itself as a significant contributor to the global lithium supply chain, particularly through its operations in Québec, Canada, where it operates two major lithium hubs: the Eeyou Istchee James Bay Hub and the Abitibi-Temiscamingue Hub. The company’s strategic focus on lithium production aligns with the increasing worldwide demand for battery materials.
Battery Technology
Sayona Mining’s contribution to battery technology centers on its lithium extraction and processing capabilities. The company’s North American Lithium (NAL) operation produces high-grade spodumene concentrate, essential for manufacturing lithium-ion batteries. Their processing methods achieve a 68% lithium recovery rate, delivering materials that meet strict quality standards for battery production.
The company’s technological approach includes advanced mineral processing techniques at their NAL facility, which has produced over 190,000 tons of lithium since its restart. Their production system incorporates sophisticated sorting and processing methods to ensure optimal mineral recovery while maintaining environmental standards. Sayona’s development of downstream processing capabilities aims to produce lithium carbonate and lithium hydroxide, critical components in battery manufacturing.
The company’s Authier and Moblan projects utilize modern extraction techniques, incorporating environmental considerations into their operational processes. These facilities benefit from Québec’s clean hydropower infrastructure, supporting sustainable production methods while maintaining competitive operational costs of $1,258 per dry metric ton.
Recent Projects
In the December 2024 quarter, Sayona Mining achieved record spodumene sales of 66,000 tonnes, marking a 34.7% increase from the previous quarter. The company reported a 33% revenue increase, reaching $70 million. Significant exploration programs were completed at NAL and Moblan, with 53,444 meters of drilling across 153 holes. The company also announced a strategic merger with Piedmont Lithium, designed to create a leading lithium business with an approximately 50/50 equity split between shareholders.
Investors
Sayona Mining’s investor base includes major institutional holders such as VanEck Vectors Rare Earth/Strategic Metals ETF, Vanguard Total International Stock Index Fund, and Global X Lithium & Battery Tech ETF. Notable corporate investors include Acuity Capital Investment Management Pty Ltd. (2.166% ownership) and State Street Global Advisors, Australia, Ltd. (1.705% ownership). Piedmont Lithium maintains a strategic partnership through its 25% ownership of Sayona Québec.
Business Details
Location: Brisbane, Australia
Website: https://sayonamining.com
LinkedIn: https://www.linkedin.com/company/14492535
