Sayona Announces Support from a US Investor to Advance Key Projects

  • Jan 10, 2020 AEDT
  • Team Kalkine

Sayona Mining Limited (ASX:SYA) has announced support from a new U.S. investor, amid an upturn in the lithium sector and increasing momentum concerning the Company’s bid for the North American Lithium mine in Québec, Canada.

Under an agreement with Obsidian Global GP, LLC, the company has secured a facility of up to $2.75 million, with an initial tranche of $1m of convertible notes. The funds would be used for the Sayona’s bid for the North American Lithium (NAL) mine and advance its flagship Authier Lithium project and other key projects.

The Total facility includes $2.75 million, with an initial tranche of $1m of convertible notes. The company has also gained increased stakeholder support for its emerging Authier Project.

 

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