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SAYONA MINING Pathway to success

NORTH AMERICAN LITHIUM PRODUCTION 2023

17 September 2019

SAYONA EXPRESSES INTEREST TO BID FOR NORTH AMERICAN LITHIUM

Source: ASX PDF

Sayona plans to participate in bidding for North American Lithium (NAL) mine in Québec, Canada

SAYONA SUBMITS BID FOR NORTH AMERICAN LITHIUM

24 February 2020

SAYONA SUBMITS BID FOR NORTH AMERICAN LITHIUM

11 May 2020

Source: ASX PDF
Sayona submits bid for North American Lithium (NAL) as per deadline. Sayonaconfident of achieving successful turnaround at NAL, backed by world‐class team and advantage of combining NAL with Sayona’s Authier Lithium Project to boost plant performance.
BID DEADLINE EXTENDED FOR NORTH AMERICAN LITHIUM

Source: Source: ASX PDF

TMonitor extends bid deadline for North American Lithium (NAL) to 15 June 2020   • Sayona confident of successful bid based on world‐class bid support team and advantage of combining NAL with Authier Lithium Project to achieve a sustainable and profitable operation.

16 June 2020

SAYONA’S MOMENTUM BUILDS AS BIDDING PROCESS EXTENDED FOR NAL

2 July 2020

SAYONA STRENGTHENS NAL BID AS EVERCORE JOINS ADVISORY TEAM
Source: Source: ASX PDF
Bidding process extended for North American Lithium (NAL); Sayona confident of successful bid based on world‐class support team and unique competitive advantages

Source: Source: ASX PDF

Global independent investment banking advisory firm, Evercore Group LLC joins Sayona’s world‐ class advisory team for North American Lithium (NAL) bid.  Move comes amid ongoing transformation of Québec lithium sector, with government investment arm, Investissement Québec, appointing world‐leading lithium‐ion battery researcher and with reported “Green Plan 2030” to support battery industry, including lithium mining.

Nemaska Lithium

3 August 2020

AMID NEMASKA LITHIUM RESTRUCTURING, MONITOR EXTENDS BID DEADLINE FOR NAL 

4 November 2020

NAL BIDDING PROCESS RELAUNCHED, CLOSING JANUARY 2021
Source: Source: ASX PDF
Québec lithium industry restructure picking up speed, with foreign investors seen spearheading turnaround   • Amid Nemaska Lithium restructuring, monitor extends bid deadline for North American Lithium (NAL) to end August, in line with expected closure of Nemaska Lithium bidding process

Source: Source: ASX PDF

Québec’s Superior Court approves monitor’s request to extend North American Lithium (NAL) bidding process to closing date of 22 January 2021; bidding process relaunched with all interested parties including Sayona to resubmit bids • Sayona confident of successful bid, backed by world‐class advisory team and turnaround plan based on integrating NAL with the Company’s flagship Authier Lithium Project to significantly improve plant performance and economics.  

27 May 2021 

SAYONA ACQUISITION BID 
FOR NAL TO BE  SUBMITTED FOR COURT 
APPROVAL 
Piedmont Lithium

11 January 2021

PIEDMONT LITHIUM INVESTS IN SAYONA;   PARTNERSHIP TO BOOST QUÉBEC PROJECTS  
Source: Source: ASX PDF

Leading U.S.‐based lithium corporation, Piedmont Lithium (ASX:PLL; Nasdaq:PLL) to invest up to US$12 million (A$15.5M) to become strategic investor and major offtake partner in Sayona, acquiring 19.9% of Sayona Mining and 25% of Sayona Québec.  Binding offtake agreement for acquisition of up to 60,000 tonnes per annum (tpa) of spodumene concentrate from Sayona Québec to supply Piedmont Lithium Project in North Carolina  

Source: Source: ASX PDF

Sayona  Mining  advancing  its  Québec  expansion strategy after the monitor (administrator) appointed by the Court overseeing the Companies’ Creditors Arrangement Act (Canada) process of North American Lithium Inc. (NAL), further to the support confirmation from both secured creditors of NAL, has confirmed that it will support the filing of a motion with the Court for the approval of Sayona’s joint bid for NAL with Piedmont Lithium Inc. (Sayona 75%;  Piedmont 25%). 

28 May 2021

SAYONA QUÉBEC’S OFFER FOR 
NORTH AMERICAN LITHIUM   TAKES A STEP FORWARD 
Source: Source: ASX PDF
The mining company takes an important step towards the acquisition of North American Lithium in order  to restart lithium production.

30 June 2021 

SAYONA OBTAINS COURT 
APPROVAL FOR NAL 
ACQUISITION  

Source: Source: ASX PDF

Superior Court of Québec approves Sayona 

Québec’s acquisition of North American 

Lithium (NAL).  Sayona  to  refurbish  NAL facilities  and  integrate  operation  with 

Authier  Lithium  Project  to  create  world-scale Abitbi lithium hub. Downstream 

processing planned in Québec to supply fast‐growing North American battery market

Novonix

7 July 2021

TESTS CONFIRM AUTHIER 
PRODUCT DELIVERS HIGH
PURITY 99.99% LITHIUM 
HYDROXIDE  

27 May 2022

SUCCESSFUL A$190M INSTITUTIONAL PLACEMENT TO FUND NAL RESTART AND  BROADER DEVELOPMENT 
INITIATIVES 

Source: Source: ASX PDF
Testing  shows  Authier  spodumene  capable  of  being  processed  into  high  purity  99.99%  lithium  hydroxide  Novonix Battery Technology Solutions analysing Authier 
product for performance comparisons with commercial 
lithium-ion batteries Sayona advancing downstream 
processing in Québec to supply fast growing North 
American battery market. 

Source: Source: ASX PDF

Placement  to global institutional,  professional and  sophisticated investors  raises approximately  A$190 million   Placement bookbuild sees significant demand from 

numerous high‐quality domestic and offshore  institutions, providing strong endorsement of Sayona’s 

growth strategy. Proceeds to primarily fund restart of North 

American Lithium (NAL) operation in Québec, Canada,  amid rapidly growing demand for battery metals produced in North America  • Sayona  well  capitalised  to  progress  development  of  its  emerging  Abitibi  and  Northern  Hubs,  hosting the largest combined spodumene resources in North America 

4 August 2022

NORTH AMERICAN LITHIUM 
RESTART ON TRACK FOR 
FIRST PRODUCTION 

28 June 2022

SAYONA & PIEDMONT FORMALLY APPROVE NAL RESTART
Source: Source: ASX PDF
Sayona Québec Inc.  formally  approve  restart  of  North  American Lithium (NAL) operation, with budget of approx. C$98 million. NAL on track for resumption of spodumene concentrate production in first quarter 2023, becoming 
the first North American local supplier of lithium 
concentrates. Sayona and Piedmont evaluating options 
for downstream processing in Québec, in order to 
capture  further value in the fast-growing EV and 
battery sector. 

Source: Source: ASX PDF

Restart of North American Lithium (NAL) operation picks up speed, with around 30% of 

plant and equipment upgrade now 

completed, including arrival of magnetic 

separator and crusher.   Senior management 

team in place; construction work on schedule 

with 50 construction workers currently on-site, 

doubling by September. Project on track to 

deliver first spodumene (lithium) concentrate production in Q1 2023, in line with 

Government plan to develop 100% local 

battery supply chain. 

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NORTH AMERICAN LITHIUM PRODUCTION 2023 
 
NAL & Authier - Timeline To Production