27
May
14:02
LITHIUM: Sayona Mining raises AUD 190m for Quebec project
Australia-based Sayona Mining says it has raised AUD 190 million ($135.8m) and the proceeds will be used to restart spodumene concentrate production in Q1 2023 at the mothballed North American Lithium (NAL) facilities in Quebec, Kallanish reports.
The company sold 1 billion shares of its stock at $0.18/share. Manging director Brett Lynch calls the placement “a major vote of confidence” in the company and its lithium plans.
The company has released wha…
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