Sayona Mining Ltd To Step Up The Engagement Following Quebec Regulatory Decision

Sayona Mining Ltd To Step Up The Engagement Following Quebec Regulatory Decision

Sayona Mining Limited (ASX: SYA) is a company concentrated on the activities related to sourcing and developing the raw materials which are needed in order to construct lithium-ion batteries for use in the technology sectors. The company produces advanced stage Authier lithium project.

On 6 March 2019, the company had stated that it is now committed to the building and development of a sustainable and profitable new lithium mine in the region of Quebec, Canada. This development took place after a legal & regulatory decision about allowing the processes for its Project on Authier Lithium. The Quebec Environment Minister lately declared that the project would get enhanced only on the fulfilment of the EIA and other review procedures in accordance with BAPE.

The honourable minister said that the process would enable the company to exhibit its concern towards the environment & also the various environmental protection measures, which are likely to ensure the acceptance of the subject project, socio-economically.

The company has taken an extensive procedure of engaging the people within the community in the regions of Quebec. This included ongoing consultations with the relevant municipalities, First Nation communities, non?governmental environmental organizations, landowners which is considered as part of a detailed public consultation process.

Throughout this process, the management is trying to emphasize upon its looming promise to be at par with the regulatory processes. These include ensuring that the production remains within the stated threshold of two thousand tonnes per day as per the requirements of the Environment Quality Acts & regulations. The feasibility study conducted on this project has emphasized on the opportunities for the Quebec region since the company will be contributing to a combined study conducted by the Quebec’s Ministry of Economy and Innovation on the expansion of a lithium?ion battery business.

Meanwhile, the company is proceeding the developments on the additional lithium projects, with drilling outcomes waiting for its Tansim Prospect. The Company has a pipeline which incorporates the ownership of 1,898 sq. km. of tenements in the well-known Pilgangoora region.

The company’s MD, Mr Dan O’Neill, has said that the company is concentrated upon its efforts in the Quebec region to ensure the acceptance of community there. The company also aims at developing a sustainable and profitable new lithium mine. These efforts shall support the province’s planned development of a lithium?ion battery industry.

The company’s MD, Mr Dan O’Neill, has said that the company is concentrated upon its efforts in the Quebec region to ensure the acceptance of community there. The company also aims at developing a sustainable and profitable new lithium mine. These efforts shall support the province’s planned development of a lithium?ion battery industry.

On the price performance, the company posted returns of -37.93%, -18.18% & -33.33% over the past six months, three & one-month period respectively. At the time of writing (07 March 2019, AEST 01:51 PM), the stock of the company is trading at a price of $0.017, down by 5.556% during the day’s trade with a market capitalisation of ~$ 30.98 Mn. The stock opened the day at $ 0.019, which was also the day’s high and touched the day’s low of $ 0.017, with an average daily volume of ~ 1,572,683. It had a 52-week high price of $ 0.070 and a 52 weeks low price of $ 0.016, with an average volume of, 1,911,361 approximately.


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