Sayona Mining (ASX: SYA)

Last close As at 21/11/2024

AUD0.03

0.00 (−10.53%)

Market capitalisation

AUD350m

Sayona Mining is a lithium producer and explorer with projects in Quebec and Western Australia. Sayona’s Canadian operations include currently producing North American Lithium, the advanced exploration stage Authier and Moblan lithium projects as well as a number of early-stage exploration lithium projects and claims. In Western Australia, the company owns several early-stage lithium, gold and graphite projects.

Latest Insights

Metals & Mining | Update

Sayona Mining — Catching up with majors

Equity Analyst

Andrey Litvin

Energy and Resources Analyst

Key Management

  • Lucas Dow

    CEO

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 8.6 46.2 (51.9)
Relative 7.6 38.8 (59.5)
52 week high/low A$0.1/A$0.0

Financials

Sayona Mining is a lithium producer and explorer with projects in Canada, Western Australia and soon in the US and Ghana. A proposed merger of equals with Piedmont Lithium will create a c A$1bn mid-tier lithium player with streamlined asset ownership and significant growth optionality. Sayona and Piedmont’s Canadian and US projects comprise one of the largest advanced hard rock lithium resources in North America and are strategically positioned to supply the region’s growing lithium demand. Following the proposed equity raises, the company will be well capitalised to execute on its growth plans. As a producer, Sayona should also benefit strongly from inevitable recovery in lithium prices, with additional upside coming from the potential downstream expansion.

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