Ann: A$20.4M FULLY UNDERWRITTEN RENOUNCEABLE RIGHTS ISSUE, page-22

Sayona's Managing Director, Brett Lynch said the funds would provide a major boost in making the Company a world-scale producer in the near term, focused on North America.

"Quebec offers enormous competitive advantages as a lithium producer and downstream processor due to its world-class infrastructure and labour, environmentally friendly hydropower and access to the fastgrowing North American battery market," he said.

"This funding will help ensure we can cement our lithium projects as key to the region's clean energy future, with the potential for clean and green lithium hydroxide production direct to Ontario automakers and North Carolina battery makers.

"I would like to thank our investors and partners, notably Piedmont Lithium, for their tremendous support at this transformative stage in Sayona's evolution."

https://www.abnnewswire.net/press/en/104886/Sayona-Mining-Ltd-(ASX-SYA)-A$204M-Fully-Underwritten-Renounceable-Rights-Issue-104886.html