SYA & PLL Offtake

The Offtake Agreement between Sayona & Piedmont has recently changed...

As such... Clarity is sought by Shareholders & the Market in general...

Below are the latest "Official Announcements" from SYA that require clarification:


NAL PFS - 23 May 2022

"For the contracted volume to Piedmont Lithium Inc (refer ASX announcement 11 January 2021), a price of US$900/t is assumed over 2023‐24, while the remainder of the concentrate production uses market prices.From 2025 and beyond, Sayona is reverting back to market prices for the entire production as it seeks to pursue a lithium transformation project on‐site, leveraging prior investments, in line with its commitments with the Government of Québec related to its acquisition of NAL."

INVESTOR PRESENTATION - 27 May 2022

"Binding offtake agreement with Piedmont – Up to 60,000 tpa of spodumene concentrate or 50% of Sayona Québec’s production, whichever is greater"

SAYONA & PIEDMONT FORMALLY APPROVE NAL RESTART - 28 June 2022

"Following the restart of NAL operations, the offtake agreement with Piedmont entitles it to purchase the greater of 113,000 metric tons per year of spodumene concentrate, or 50% of production from NAL.

Prior to the NAL restart, the agreement provided for offtake of 60,000 tonnes or 50% of concentrate produced from ore mined at SYQ’s nearby Authier Lithium Project.

This offtake agreement will remain in place until the commencement of operation of a lithium conversion plant in Québec. At this point, spodumene concentrate produced from NAL will be preferentially delivered to that chemical plant upon the start of production. Any remaining concentrate not required by the conversion plant will be delivered to Piedmont."