BRISBANE, Australia, May 13, 2024 (GLOBE NEWSWIRE) -- New drilling at North American Lithium (NAL) operation with results from 91 drillholes and wedges totalling 26,605m has identified high-grade lithium mineralisation to the north-west, north-east, south-east and below the Mineral Resource Estimate (MRE) pit shell North-West Extension – New Pegmatites 32.88m @ 1.72% Li2O from 269.62m in drillhole LAN-23-09419.35m @ 1.63% Li2O from 346.72m in drillhole LAN-23-09520.05m @ 1.60% Li2O from 350.75m
Key Insights Significant control over Sayona Mining by retail investors implies that the general public has more power...
The sale would not affect Piedmont's joint venture or offtake agreement with Sayona's business unit, Sayona Quebec. Both companies jointly own the North American Lithium (NAL) operation, with Sayona being the majority shareholder. Sayona had said in August NAL intends to sell at least 56,500 tonnes of spodumene concentrate in the first half of 2024 as part of the offtake agreement.