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Highlights
- Sayona Mining has received final permit to restart its NAL project.
- The lithium company’s shares last traded at AU$0.22 each, up 2.33% on ASX today.
Sayona Mining Limited (ASX:SYA) through an ASX filing informed today (12 December) that it has received final permit to restart its NAL project.
On back of the news, Sayona’s shares last traded at AU$0.22 each, up 2.33% on ASX today.
To guarantee the smooth reactivation of NAL's lithium mine and concentrator in conformity with all necessary environmental standards and duties, Sayona Québec undertook a protracted permitting process.
More than 130 permits to resume mining operations have been obtained from provincial and federal government agencies, including de la Faune et des Parcs (MELCCFP), the Ministère de l'Environnement, de la Lutte contre les changements limatiques, the Ministère des Ressources naturelles et des Forêts (MRNF) and the Department of Fisheries and Oceans (DFO).
Image source: © 2022 Kalkine Media®
Data source- Company announcement dated 12 December 2022
For the NAL complex's equipment and facilities to successfully optimise output while upholding the strictest environmental standards, Sayona has made major improvements. The procurement process was 98% finished by the end of October 2022, and mining contractors had arrived on site.
Sayona recently unveiled a pre-feasibility study for the possible production of lithium carbonate at the plant, as it continues to build its Abitibi lithium hub centred on NAL.
