General Discussion Topics, page-80923

What is going on is simple. Read the company daily announcements. There are new shares being issued on a daily basis and placed onto the market. This has been going on for some time. Read the company announcements for all the details. It relates to:

"NAL RESTART PICKS UP SPEED
Highlights
• Restart of North American Lithium (NAL) further advances, with procurement 98% completed and
permitting 96% finalised as of end October
• Construction ramping up, with final installations of HP300 and HP400 cone crushers together with
other major equipment
• NAL operation on track for restart of production in Q1 2023, as Sayona continues building largest
lithium resource base in North America.
Emerging lithium producer Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) has further progressed the
restart of production at its North American Lithium (NAL) operation in Québec, Canada, with procurement
and permitting nearing completion."

As new shares are issued they are placed on the market as part of a planned sale that will not be a sudden "jolt" to the market. It is all part of the overall plan to make Sayona a world class producer in as short a time as possible. A few million more to go and then it should be boom time.