Significant assetSayona Quebec owns the producing NAL, Authier...

Significant asset
Sayona Quebec owns the producing NAL, Authier lithium and Tansim lithium projects.
NAL successfully restarted production and began delivering commercial shipments of spodumene concentrate in 2023.It is the largest producing spodumene mine in North America and one of just a handful of producing lithium hard rock mines in the world.
Piedmont holds an offtake agreement to purchase the greater of 113,000 tonnes or 50% of Sayona Quebec’s spodumene concentrate production per year on a life-of-mine basis.Piedmont has agreed to offload 1,152.2m shares of Sayona for $0.052 per share through a secondary block sale via Canaccord Genuity.Following the transaction, it will no longer hold any Sayona shares.