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Sayona signs rail contract, expects lithium production to commence in 2023

Kitco Media
By Michael McCrae
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Sayona Mining (ASX:SYA) said today it awarded a C$43 million to Solurail Logistique to transport spodumene (lithium) concentrate from Sayona's North American Lithium (NAL) operation to port.

Under the agreement, the transport company will be responsible for transporting lithium from the NAL operation in La Corne to the Port of Trois-Rivières for delivery to customers. The contract includes the rental of 110 rolling stock with the equipment to be made available for the restart of production at NAL in the first quarter of 2023.

Sayona Quebec is 25% owned by Piedmont Lithium and 75% owned by Sayona Mining. Piedmont Lithium is Sayona Mining’s largest shareholder at 18.8%.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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