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Sayona Mining: lithium production & future plans - PDAC 2025
Sayona Mining Ltd Managing Director & CEO Lucas Dow talked with Proactive about the company’s growth strategy and key priorities for 2025.
He highlighted that Sayona Mining is currently North America's largest spodumene producer, with over 200,000 tonnes produced annually at its North American Lithium (NAL) facility. The company also has its Moblan project, a greenfield development in partnership with Investment Quebec.
Dow discussed the strategic rationale behind Sayona’s merger with Piedmont Lithium, announced in November 2024. He noted that extensive exploration at NAL had significantly increased the resource base, making an expansion possible. However, an existing offtake agreement with Piedmont posed challenges, which the merger resolves. Sayona expects operational synergies from the merger to generate cost savings of between $15 million to $20 million per year.
For 2025, the company’s key priorities include reducing unit costs, optimizing production, and achieving cash break-even. Additionally, Sayona is focused on completing the merger by mid-year and progressing both brownfield expansion at NAL and development at Moblan.
Dow emphasized the company’s commitment to efficiency and growth, stating, "We’re really quite excited about the opportunity this move is going to provide."
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