Approval received Australian lithium producer Sayona Mining has announced it received the approval of the Superior Court of Québec to acquire North American Lithium (NAL), a company based in Can-ada, in a joint bid with its partner Piedmont Lithium.
The Australian business said in a statement it is planning to refur-bish NAL’s facilities and integrate its operations with the Authier lithium project in Québec with the aim to create a world‐scale lithium hub.
Brett Lynch, the managing director of Sayona Mining, said his com-pany was looking “forward to executing our turnaround plan in inte-grating NAL with our flagship Authier Lithium Project”.
“NAL owns a large, previously-producing lithium asset project located approximately 20 miles from Sayona’s core Authier project near the important mining center of Val-d’Or in the Abitibi region of Québec,” Piedmont Lithium said in a statement.